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Record High! WPG (TSE:3702) Reported Its Single Quarter Record High in Consolidated Operating Income and Net Income of Third Quarter. Net Income Grew 15.5% over Previous Year. EPS was NT$1.12 and NT$2.99 for Third Quarter and YTD Respectively.

 2016-11-04

Record High! WPG (TSE:3702) Reported Its Single Quarter Record High in Consolidated Operating Income and Net Income of Third Quarter. Net Income Grew 15.5% over Previous Year. EPS was NT$1.12 and NT$2.99 for Third Quarter and YTD Respectively.

 

2016/11/04

 

Benefited from growing shipments of mobile phone, automotives, power saving and cloud product, WPG, the largest distributor of semiconductor components in Asia, announced Its single quarter record high in operating income and net income, consolidated sales was NT$142.259 billion, represented 6.4% increase over previous quarter’s figures. Under effective expense control, operating expenses to sales ratio declined continuously to 2.37%, operating income reached NT$2.555 billion, a 9.1% increase year over year, net income reached NT$1.867 billion, represented 15.5% increase year over year. EPS was NT$1.12 per share. YTD consolidated sales was NT$397.551 billion, net income was NT$4.975 billion, represented 19.2% increase year over year. EPS was NT$2.99 per share.

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, key financial indices: Return on Working Capital (ROWC) and ROE was 11.1% and 15.8% respectively. Inventory turnover days of decreased to 35 days

In the third quarter of 2016, driven by the IoT, 125 application solutions were provided in the fields of Smart Home (39), Smart City (21), Wearable devices (13), Power (12), Lighting(10), Smart phone (8), Computer (7), USB(7), Automotive (5), Medical (3), focusing on applications of air contamination sensor, proximity sensor, electric curtain, smart lock, environmental sensor, humidity & temperature sensor, pH meter, RGB color sensor, force-sensitive resistor, LoRa technology, GPS location, UV Sensor, USB PD, PWM Dimming, LNA multiplexer module, Six Degree of inertial sensor, gesture recognition, Type-C, in-vehicle infotainment system, driving video recorder, electronic cane.

 

 Table: WPG Holdings Consolidated Management Financials for the year ended September 30, 2016. (In brief)

Units:NT$ million

Income Statement (2016/1/1~2016/09/30)

 

Balance Sheet (2016/09/30)

Item

Amount

 

Item

Amount

Operating revenues

397,551

 

Current Assets

163,811

Cost of Goods Sold

(380,729)

 

Accounts receivables

94,033

Gross Profit

16,822

 

Inventories

50,927

Operating Expenses

(9,773)

 

Other assets

13,712

Operating income

7,049

 

Total Assets

177,523

Non-op Expenses

(844)

 

Current Liabilities

117,866

Profit Before Tax

6,204

 

Current Borrowing

52,631

Tax

(1,213)

 

Accounts payables

52,725

Minority & Others

(16)

 

LT Liabilities

11,168

Profit After tax

4,975

 

Total Liabilities

130,106

EPS (Note1)

2.99

 

Common Stock

16,928

Net book value per share (Note)

28.02

 

Total Equity

47,417

Note1:Based on weighted average outstanding shares.

 

Cash flows (2016/1/1~2016/09/30)

Item

Amount

Income before Income Tax

6,204

Change in NWC

5,089

Operating cash inflow /(outflow)

13,814

Investment cash inflow /(outflow)

(1,493)

Change in Financial Debt

(7,570)

Cash Dividend

(3,974)

Financing cash inflow /(outflow)

(11,548)

Cumulative translation adjustments

(3,164)

Net Cash

(2,392)

Beginning cash balance

9,447

Ending cash balance

7,055

 

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