WPG (TSE:3702) Reports Its Consolidated Sales of Third Quarter Grew 9% QoQ, Net Income of Third Quarter Grew 9.6% QoQ, EPS was NT$1.06; YTD EPS was NT$2.81
WPG (TSE:3702) Reports Its Consolidated Sales of Third Quarter Grew 9% QoQ, Net Income of Third Quarter Grew 9.6% QoQ, EPS was NT$1.06; YTD EPS was NT$2.81
2019/10/30
Contributed from steady growth in core products such as 3C and benefited from growing shipments of CPU, start shipping of 5G related components, incoming hot season of mobile phone and supply chain inventory returned to normal, WPG, the largest distributor of semiconductor components in Asia announces its third quarter consolidated sales of NT$140.821 billion, represented 9% growth quarter over quarter. Operating income of NT$2.567 billion, net income of NT$1.785 billion, represented 9.6% growth quarter over quarter. EPS was NT$1.06. YTD consolidated sales and net income was NT$381.829 billion and NT$4.718 billion respectively. YTD EPS was NT$2.81.
Third quarter 2019 key financial indices: Return on Working Capital (ROWC) and ROE was 9% and 12% respectively.
Driven by 5G start becoming operational and IoE, smart city, smart home and IoT related, 66 application solutions were provided in the fields of Power (29), Automotive (11), Smart City (6), Smart Home (5), Lighting (5), Industrial (5), Wearable Devices (4), USB (1) focusing on applications of 500W FOC motor controller / 65W USB Type-C PD ACDC adapter / visual algorithm for face recognition development / TWS Bluetooth speaker / LED driver with high efficiency 50W light engine / UPS 400 V DC-BUS / automatic pairing TWS Headphone/Display Port video Converter on Type-C.
Table: WPG Holdings Consolidated Management Financials for nine months ended September 30, 2019. (In brief)
Units：NT$million
|
Income Statement (nine months ended September 30, 2019) |
|
Balance Sheet (September 30, 2019) |
||
|
Item |
Amount |
|
Item |
Amount |
|
Operating revenues |
381,829 |
|
Current Assets |
203,638 |
|
Cost of Goods Sold |
(365,188) |
|
Accounts receivables |
107,960 |
|
Gross Profit |
16,640 |
|
Inventories |
70,279 |
|
Operating Expenses |
(9,425) |
|
Other assets |
16,344 |
|
Operating income |
7,215 |
|
Total Assets |
219,983 |
|
Non-op Expenses |
(1,146) |
|
Current Liabilities |
144,851 |
|
Profit Before Tax |
6,070 |
|
Current Borrowing |
68,091 |
|
Tax |
(1,317) |
|
Accounts payables |
64,122 |
|
Minority & Others |
(35) |
|
LT Liabilities |
7,645 |
|
Profit After tax |
4,718 |
|
Total Liabilities |
154,693 |
|
EPS (Note1) |
2.81 |
|
Stock |
18,791 |
|
Net book value per share (Note 1) |
32.93 |
|
Total Equity |
65,290 |
Note1：Based on weighted average outstanding common shares.
|
Cash flows (nine months ended September 30, 2019) |
|
|
Item |
Amount |
|
Income before Income Tax |
6,070 |
|
Change in NWC |
(4,316) |
|
Operating cash inflow /(outflow) |
(2,770) |
|
Investment cash inflow /(outflow) |
(161) |
|
Change in Financial Debt |
(300) |
|
Cash Dividends |
(4,533) |
|
Preferred Shares |
9,995 |
|
Financing cash inflow /(outflow) |
5,163 |
|
Cumulative translation adjustments |
251 |
|
Net Cash |
2,483 |
|
Beginning cash balance |
7,117 |
|
Ending cash balance |
9,600 |
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