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WPG (TSE:3702) Reports Its 2015 Consolidated Sales Surpassed the NT$500 Billion Mark for the First Time and 2015 Net income Reached NT$5.449 Billion. EPS was NT$3.29

 2016-02-03

WPG (TSE:3702) Reports Its 2015 Consolidated Sales Surpassed the NT$500 Billion Mark for the First Time and 2015 Net income Reached NT$5.449 Billion. EPS was NT$3.29

 

2016/02/03

 

Benefited from growing shipments of mobile phone, communication-related components, automotives and power saving, WPG, the largest distributor of semiconductor components in Asia, announced Its group’s record high in 2015 consolidated sales and operating profit. 2015 consolidated sales surpassed the NT$500 billion mark for the first time and reached NT$515.651 Billion. Under effective expense control, operating expenses to sales ratio declined continuously to 2.51%, 2015 operating income and net income reached NT$8.496 billion and NT$5.449 billion respectively. EPS was NT$3.29 per share.

The profit growth has been delivered by continued growing demand of 4G and 3G mid to high-end smart phone, wireless broadband, and cloud servers. Non-3C segments’ contribution such as automotives, industrial electronics and power saving remained healthy. Key financial indices: Return on Working Capital (ROWC) and ROE was 8.6% and 11.7% respectively. Inventory turnover days of fourth qurter 2015 decreased to 37 days.

In the fourth quarter of 2015, 54 application solutions were provided in the fields of Automotive (22), Wearable devices (16), Power(12), Smart phone (2), Smart Home (1), Industrial (1), focusing on applications of pulse oximeter, biomonitor, iris identificatio, BLE wearable devices, PhotoPlethysmoGraphy, integrated magnetic sensing, wireless charging, sensor hub, switched mode power supply, 3D navigation, SSL multi channel, tire-pressure monitoring system, daytime running light, decentralized door electronics system.

 

 

 Table: WPG Holdings Consolidated Management Financials for the year ended December 31, 2015. (In brief)

Units:NT$ million

Income Statement (2015/1/1~2015/12/31)

 

Balance Sheet (2015/12/31)

Item

Amount

 

Item

Amount

Operating revenues

515,651

 

Current Assets

165,090

Cost of Goods Sold

(494,199)

 

Accounts receivables

92,889

Gross Profit

21,453

 

Inventories

49,654

Operating Expenses

(12,957)

 

Other assets

13,637

Operating income

8,496

 

Total Assets

178,727

Non-op Expenses

(1,336)

 

Current Liabilities

111,246

Profit Before Tax

7,160

 

Current Borrowing

59,568

Tax

(1,697)

 

Accounts payables

44,278

Minority & Others

(14)

 

LT Liabilities

18,009

Profit After tax

5,449

 

Total Liabilities

130,237

EPS (Note)

3.29

 

Common Stock

16,557

Net book value per share (Note)

28.95

 

Total Equity

48,490

Note:Based on weighted average outstanding shares.

 

Cash flows (2015/1/1~2015/12/31)

Item

Amount

Income before Income Tax

7,160

Change in NWC

(8,953)

Operating cash inflow /(outflow)

(8,902)

Investment cash inflow /(outflow)

(515)

Change in Financial Debt

10,521

Cash Dividend

(4,139)

Financing cash inflow /(outflow)

6,446

Cumulative translation adjustments

1,464

Net Cash

(1,507)

Beginning cash balance

11,185

Ending cash balance

9,678

 

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