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WPG (TSE:3702) Reports 2012 Consolidated Sales of NT$361 Billion and EPS of NT$2.73

 2013-02-06

WPG (TSE:3702) Reports 2012 Consolidated Sales of NT$361 Billionand EPS of NT$2.73

 

2013/02/06

 

Benefited from increased demand of emerging markets combined with growing shipments of smartphone and tablet, WPG, the largest distributor of semiconductor components in Asia, announced its record high in annual consolidated sales and gross profit.

 

Unaudited consolidated sales of fourth quarter 2012 was NT$90.87billion, while under effective expense control, OPEX was cut down to NT$2.89 billion, and net income was NT$0.97 billion. Consolidated sales and net income increased 10.7% and 5.4% respectively, YoY. EPS was NT$0.59 per share.

 

Unaudited consolidated sales of 2012 was 361.02 billion, operating profit and net income of was NT$6.23 billion and NT$4.49 billion respectively, EPS was NT$2.73 per share.

 

The profit growth has been delivered by domestic demand of emerging markets. Contribution of 3C products such as mid to high end smartphone, tablet, wireless broadband, Ultrabook and STB were continued growing. Non-3C segments’ contribution such as automobile, medical and industrial electronics remained healthy. With increased profit and effective asset management, the operation cash inflow was  NT$3.53 billion in fourth quarter of 2012. Return on Working Capital (ROWC) and ROE was 10.4% and 11.9% respectively. Inventory turnover day decreased to 35 days.

 

Management guides the total sales of firth quarter 2013 will be between NT$82 billion and NT$ 87 billion, with the gross margin in the range of 4.7%~4.9% and the average operating margin between 1.3%~1.5%.

 

In the 4th quarter of 2012, around 49 application solutions were provided in the fields of Industrial (17), automotive (13), computer / peripheral (13)and cell phone / communication (6), focusing on applications of surveillance, motor controller, power management, Infotainment, remote entry, cloud computing, tablet and 4G cell phone.

 

 

Table: WPG Holdings Consolidated Management Financials for the year ended December 31, 2012. (in brief)

Units:NT$ million

Income Statement (2012/1/1~2012/12/31)

 

Balance Sheet (2012/12/31)

Item

Amount

 

Item

Amount

Net Sales

361,022

 

Current Assets

106,442

Cost of Goods Sold

(342,898)

 

Accounts receivables

60,003

Gross Profit

18,124

 

Inventory

32,391

Operating Expenses

(11,890)

 

Other assets

13,158

Operating Profit

6,234

 

Total Assets

119,600

Non-op Expenses

(623)

 

Current Liabilities

74,248

Profit Before Tax

5,611

 

Accounts payables

32,546

Tax

(1,128)

 

LT Liabilities

6,540

Minority & Others

8

 

Total Liabilities

81,371

Profit After tax

4,490

 

Common Stock

16,557

EPS (Note)

2.73

 

Stockholders Equity

38,229

Net book value per share(Note)

23.20

 

Note:Based on weighted average outstanding shares.

 

 

Cash flows (2012/1/1~2012/12/31)

Item

Amount

Net Income

4,482

Change in NWC

(6,657)

Operating cash inflow /(outflow)

268

Investment cash inflow /(outflow)

(883)

Change in Financial Debt

7,676

Cash Dividend

(4,305)

Financing cash inflow /(outflow)

3,363

Cumulative translation adjustments

(110)

Effect on changes of consolidated subsidiaries

(1,476)

Net Cash

1,162

Beginning cash balance

7,786

Ending cash balance

8,948

 

IR contacts:Cliff Yuan/ Kathryn Chen / Zoe Peng

Tel:886-2-7712-5268 / 886-2-7712-5278 / 886-2-7712-5262

Email address: ir@WPGholdings.com

Corporate website: www.WPGholdings.com