WPG (TSE:3702) Reports Its Reported Its Record High in Consolidated Sales, Operating Income, Net Income and Earnings Per Share of 2018. EPS was NT$4.21
WPG (TSE:3702) Reports Its Reported Its Record High in Consolidated Sales, Operating Income, Net Income and Earnings Per Share of 2018. EPS was NT$4.21
2019/1/29
Contributed from steady growth in core products such as 3C and automotives, and benefited from successful deployment in new applications such as Internet of Things(IoT), Artificial Intelligence(AI), cloud storage and high-performance computing, with optimizing product portfolios and efficient expense control, WPG, the largest distributor of semiconductor components in Asia announces its record high in consolidated sales, operating income, net income and earnings per share of 2018, reached NT$545.124 billion, NT$10.568 billion and NT$7.432 billion, represented 2.4%, 6.2% and 1.7% growth year over year respectively, especially operating income surpassed the NT$10 billion mark. EPS was NT$4.21 per share.
With increased profit and improving operating efficiency, 2018 key financial indices: Return on Working Capital (ROWC) and ROE was 9.6% and 14% respectively.
Based on the exchange rate assumption of 1 US dollar to 30.6 NT dollars, management guides the total sales of first quarter 2019 will be between NT$117 billion and NT$123 billion, with the gross margin in the range of 4.1%~4.3% and the operating margin between 1.65%~1.85%.
Table: WPG Holdings Consolidated Management Financials for the year ended December 31, 2018. (In brief)
Units：NT$million
|
Income Statement (year ended December 31, 2018) |
|
Balance Sheet (December 31, 2018) |
||
|
Item |
Amount |
|
Item |
Amount |
|
Operating revenues |
545,124 |
|
Current Assets |
180,771 |
|
Cost of Goods Sold |
(521,490) |
|
Accounts receivables |
98,502 |
|
Gross Profit |
23,634 |
|
Inventories |
64,207 |
|
Operating Expenses |
(13,066) |
|
Other assets |
15,043 |
|
Operating income |
10,568 |
|
Total Assets |
195,814 |
|
Non-op Expenses |
(1,335) |
|
Current Liabilities |
126,268 |
|
Profit Before Tax |
9,233 |
|
Current Borrowing |
62,620 |
|
Tax |
(1,747) |
|
Accounts payables |
52,656 |
|
Minority & Others |
(53) |
|
LT Liabilities |
13,366 |
|
Profit After tax |
7,432 |
|
Total Liabilities |
140,940 |
|
EPS (Note1) |
4.21 |
|
Common Stock |
16,791 |
|
Net book value per share (Note 1) |
32.40 |
|
Total Equity |
54,875 |
Note1：Based on weighted average outstanding shares.
|
Cash flows (year ended December 31, 2018) |
|
|
Item |
Amount |
|
Income before Income Tax |
9,233 |
|
Change in NWC |
(7,620) |
|
Operating cash inflow /(outflow) |
(3,277) |
|
Investment cash inflow /(outflow) |
43 |
|
Change in Financial Debt |
5,999 |
|
Cash Dividend |
(4,380) |
|
Financing cash inflow /(outflow) |
1,607 |
|
Cumulative translation adjustments |
1,672 |
|
Net Cash |
44 |
|
Beginning cash balance |
7,098 |
|
Ending cash balance |
7,142 |
|
1Q19 Forecast |
|||
|
Item |
Amount |
||
|
Revenue |
117,000 |
~ |
123,000 |
|
Gross Profit |
4,797 |
~ |
5,289 |
|
Gross Margin |
4.10% |
~ |
4.30% |
|
Operating Expenses |
2,867 |
~ |
3,014 |
|
Operating Income |
1,930 |
~ |
2,275 |
|
Operating Margin |
1.65% |
~ |
1.85% |
|
Profit Before Tax |
1,372 |
~ |
1,715 |
|
Profit After Tax |
1, 075 |
~ |
1,349 |
|
EPS (NT$) (Note 1) |
0.64 |
~ |
0.80 |
Note1：Based on weighted average outstanding shares.
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