WPG (TSE:3702) Reported Its Record High in Consolidated Sales of NT$536.864 Billion and Operating Cash Inflow of NT$7.5 Billion for 2016. EPS was NT$3.2.
WPG (TSE:3702) Reported Its Record High in Consolidated Sales of NT$536.864 Billion and Operating Cash Inflow of NT$7.5 Billion for 2016. EPS was NT$3.2.
2017/02/07
Benefited from growing shipments of mobile phone, automotives, power saving and Amercia region cloud product, WPG, the largest distributor of semiconductor components in Asia, announced Its record high in consolidated sales of NT$536.864 billion, second record-high in operating income of NT$7.969 billion, net income of NT$5.347 billion and EPS of NT$3.2 for 2016.
In fourth-quarter, consolidated sales was NT$139.313 billion, a 2.1% decrease year over year. After recognizing overdue debts for the fourth quarter in accordance with accounting conservatism principle, operating income and net income was NT$0.92 billion and NT$0.372 billion respectively, EPS was NT$0.22. Due to all overdue debts was recognized in 2016, performance for 2017 shall become normal. (In addition to consolidated sales and operating cash inflow, operating income and net income would set record high after excluded the effect on the profit)
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 2016 was NT$7.5 billion, set record high. Key financial indices: Return on Working Capital (ROWC) and ROE was 8.4% and 10.9% respectively.
In the fourth quarter of 2016, driven by the IoT, 101 application solutions were provided in the fields of Smart Home (31), Automotive (25), Smart City (17), Wearable devices (15), Virtual Reality(4), Medical (3), Industrial(2), Computer (2), Smart phone (1), USB(1), focusing on applications of LoRa technology, gas sensor, smart lock, humidity & temperature sensor, electric curtain, smart heater, ADAS, in-vehicle infotainment system, driving video recorder, smart rearview mirror with quard core, DC charger, GPS tracker, smart robot, BLE electronic shelf, gesture recognition, six-axis drone, BLE POS, smart windbreaker, VR sensor Hub, wireless heart rate monitor, fingerprint recognition.
Table: WPG Holdings Consolidated Management Financials for the year ended December 31, 2016. (In brief)
Units：NT$million
|
Income Statement (2016/1/1~2016/12/31) |
|
Balance Sheet (2016/12/31) |
||
|
Item |
Amount |
|
Item |
Amount |
|
Operating revenues |
536,864 |
|
Current Assets |
163,819 |
|
Cost of Goods Sold |
(514,248) |
|
Accounts receivables |
92,469 |
|
Gross Profit |
22,616 |
|
Inventories |
48,845 |
|
Operating Expenses |
(14,647) |
|
Other assets |
13,696 |
|
Operating income |
7,969 |
|
Total Assets |
177,516 |
|
Non-op Expenses |
(1,247) |
|
Current Liabilities |
120,516 |
|
Profit Before Tax |
6,722 |
|
Current Borrowing |
67,696 |
|
Tax |
(1,337) |
|
Accounts payables |
46,997 |
|
Minority & Others |
(38) |
|
LT Liabilities |
5,504 |
|
Profit After tax |
5,347 |
|
Total Liabilities |
127,093 |
|
EPS (Note1) |
3.20 |
|
Common Stock |
17,242 |
|
Net book value per share (Note) |
29.29 |
|
Total Equity |
50,422 |
Note1：Based on weighted average outstanding shares.
|
Cash flows (2016/1/1~2016/12/31) |
|
|
Item |
Amount |
|
Income before Income Tax |
6,722 |
|
Change in NWC |
3,007 |
|
Operating cash inflow /(outflow) |
7,503 |
|
Investment cash inflow /(outflow) |
(849) |
|
Change in Financial Debt |
(2,008) |
|
Cash Dividend |
(3,974) |
|
Financing cash inflow /(outflow) |
(5,987) |
|
Cumulative translation adjustments |
(1,655) |
|
Net Cash |
(988) |
|
Beginning cash balance |
9,447 |
|
Ending cash balance |
8,458 |
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