WPG (TSE:3702) Reports Its Record High in Operating Income and Operating Cash Inflow of First Quarter 2016. Net income Grew 11.3% over previous year. EPS was NT$0.94
WPG (TSE:3702) Reports Its Record High in Operating Income and Operating Cash Inflow of First Quarter 2016. Net income Grew 11.3% over previous year. EPS was NT$0.94
2016/05/04
Benefited from growing shipments of mobile phone, communication-related components, automotives, power saving and cloud product, WPG, the largest distributor of semiconductor components in Asia, announced Its first quarter consolidated sales reached NT$121.533 billion, a 12.5% increase year over year. Under effective expense control, operating expenses to sales ratio declined continuously to 2.53%, operating income reached NT$2.095 billion, net income was NT$1.555 billion, represented 24.9% and 11.3% increase over previous quarter’s and previous year’s figures respectively. EPS was NT$0.94 per share.
The profit growth has been delivered by continued growing demand of 4G and 3G smart phone, wireless broadband, and cloud servers. Non-3C segments’ contribution such as automotives, industrial electronics and power saving remained healthy. With increased profit and improving operating efficiency, operating cash inflow of first quarter was NT$13.977 billion, set single quarter record high. Key financial indices: Return on Working Capital (ROWC) and ROE was 9.6% and 13% respectively.
In the first quarter of 2016, driven by the IoT, 89 application solutions were provided in the fields of Smart Home (43), Smart phone (11), Wearable devices (10), Smart City (7), Power (6), Automotive (5), Medical (4), Industrial (3), focusing on applications of smart robot, smart lock, audio amplifier, video doorbell, MCU with built in WiFi, fingerprint verification, tire pressure monitoring, PIR motion sensor, smart plug, temperature & humidity sensor, gesture recognition, RGB sensor, proximity sensor, UV sensor, wireless smoke detector, Sub-1 GHz, 16-cell battery monitor with passive cell balancing, motion sensor for medical application, smart thermometer, heart rate monitor, quadcopter, LoRa Technology.
Table: WPG Holdings Consolidated Management Financials for the year ended March 31, 2016. (In brief)
Units：NT$ million
|
Income Statement (2016/1/1~2016/03/31) |
|
Balance Sheet (2016/03/31) |
||
|
Item |
Amount |
|
Item |
Amount |
|
Operating revenues |
121,533 |
|
Current Assets |
154,384 |
|
Cost of Goods Sold |
(116,361) |
|
Accounts receivables |
77,450 |
|
Gross Profit |
5,172 |
|
Inventories |
55,912 |
|
Operating Expenses |
(3,076) |
|
Other assets |
13,530 |
|
Operating income |
2,095 |
|
Total Assets |
167,914 |
|
Non-op Expenses |
(193) |
|
Current Liabilities |
101,612 |
|
Profit Before Tax |
1,903 |
|
Current Borrowing |
48,241 |
|
Tax |
(342) |
|
Accounts payables |
46,242 |
|
Minority & Others |
(5) |
|
LT Liabilities |
16,640 |
|
Profit After tax |
1,555 |
|
Total Liabilities |
119,341 |
|
EPS (Note) |
0.94 |
|
Common Stock |
16,557 |
|
Net book value per share (Note) |
28.85 |
|
Total Equity |
48,573 |
Note：Based on weighted average outstanding shares.
|
Cash flows (2016/1/1~2016/03/31) |
|
|
Item |
Amount |
|
Income before Income Tax |
1,903 |
|
Change in NWC |
10,204 |
|
Operating cash inflow /(outflow) |
13,977 |
|
Investment cash inflow /(outflow) |
2 |
|
Change in Financial Debt |
(12,676) |
|
Financing cash inflow /(outflow) |
(12,681) |
|
Cumulative translation adjustments |
(1,295) |
|
Net Cash |
3 |
|
Beginning cash balance |
9,447 |
|
Ending cash balance |
9,450 |
IR contacts：Cliff Yuan/ Zoe Peng
Tel：886-2-7712-5268 / 886-2-7712-5262
Email address: ir@WPGholdings.com
Corporate website: www.WPGholdings.com