Record High! WPG (TSE:3702) Reported Its Single Quarter Record High in Consolidated Operating Income and Net Income of Third Quarter. Net Income Grew 15.5% over Previous Year. EPS was NT$1.12 and NT$2.99 for Third Quarter and YTD Respectively.
Record High! WPG (TSE:3702) Reported Its Single Quarter Record High in Consolidated Operating Income and Net Income of Third Quarter. Net Income Grew 15.5% over Previous Year. EPS was NT$1.12 and NT$2.99 for Third Quarter and YTD Respectively.
2016/11/04
Benefited from growing shipments of mobile phone, automotives, power saving and cloud product, WPG, the largest distributor of semiconductor components in Asia, announced Its single quarter record high in operating income and net income, consolidated sales was NT$142.259 billion, represented 6.4% increase over previous quarter’s figures. Under effective expense control, operating expenses to sales ratio declined continuously to 2.37%, operating income reached NT$2.555 billion, a 9.1% increase year over year, net income reached NT$1.867 billion, represented 15.5% increase year over year. EPS was NT$1.12 per share. YTD consolidated sales was NT$397.551 billion, net income was NT$4.975 billion, represented 19.2% increase year over year. EPS was NT$2.99 per share.
The profit growth has been delivered by continued growing demand of 4G and 3G smart phone, wireless broadband, and cloud servers. Non-3C segments’ contribution such as automotives, industrial electronics and power saving remained healthy. With increased profit and improving operating efficiency, key financial indices: Return on Working Capital (ROWC) and ROE was 11.1% and 15.8% respectively. Inventory turnover days of decreased to 35 days
In the third quarter of 2016, driven by the IoT, 125 application solutions were provided in the fields of Smart Home (39), Smart City (21), Wearable devices (13), Power (12), Lighting(10), Smart phone (8), Computer (7), USB(7), Automotive (5), Medical (3), focusing on applications of air contamination sensor, proximity sensor, electric curtain, smart lock, environmental sensor, humidity & temperature sensor, pH meter, RGB color sensor, force-sensitive resistor, LoRa technology, GPS location, UV Sensor, USB PD, PWM Dimming, LNA multiplexer module, Six Degree of inertial sensor, gesture recognition, Type-C, in-vehicle infotainment system, driving video recorder, electronic cane.
Table: WPG Holdings Consolidated Management Financials for the year ended September 30, 2016. (In brief)
Units：NT$ million
|
Income Statement (2016/1/1~2016/09/30) |
|
Balance Sheet (2016/09/30) |
||
|
Item |
Amount |
|
Item |
Amount |
|
Operating revenues |
397,551 |
|
Current Assets |
163,811 |
|
Cost of Goods Sold |
(380,729) |
|
Accounts receivables |
94,033 |
|
Gross Profit |
16,822 |
|
Inventories |
50,927 |
|
Operating Expenses |
(9,773) |
|
Other assets |
13,712 |
|
Operating income |
7,049 |
|
Total Assets |
177,523 |
|
Non-op Expenses |
(844) |
|
Current Liabilities |
117,866 |
|
Profit Before Tax |
6,204 |
|
Current Borrowing |
52,631 |
|
Tax |
(1,213) |
|
Accounts payables |
52,725 |
|
Minority & Others |
(16) |
|
LT Liabilities |
11,168 |
|
Profit After tax |
4,975 |
|
Total Liabilities |
130,106 |
|
EPS (Note1) |
2.99 |
|
Common Stock |
16,928 |
|
Net book value per share (Note) |
28.02 |
|
Total Equity |
47,417 |
Note1：Based on weighted average outstanding shares.
|
Cash flows (2016/1/1~2016/09/30) |
|
|
Item |
Amount |
|
Income before Income Tax |
6,204 |
|
Change in NWC |
5,089 |
|
Operating cash inflow /(outflow) |
13,814 |
|
Investment cash inflow /(outflow) |
(1,493) |
|
Change in Financial Debt |
(7,570) |
|
Cash Dividend |
(3,974) |
|
Financing cash inflow /(outflow) |
(11,548) |
|
Cumulative translation adjustments |
(3,164) |
|
Net Cash |
(2,392) |
|
Beginning cash balance |
9,447 |
|
Ending cash balance |
7,055 |
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