1.Date of occurrence of the event:2021/08/13
2.Company name:WPG Holdings Limited
3.Relationship to the Company (please enter ”head office” or
”subsidiaries”):head office
4.Reciprocal shareholding ratios:N/A
5.Cause of occurrence:N/A
6.Countermeasures:N/A
7.Any other matters that need to be specified:
WPG, distributor of semiconductor components globally, attended online
investor conference held by KGI Securities today to explain 2021 Second
Quarter and 2021 First Half financial results. 2021 Second Quarter
consolidated revenue, operating income, net income, and EPS all exceeded high
range forecast. Consolidated revenue achieved NT$200.226 billion, +33.7% YoY.
Operating income achieved NT$3.642 billion, +41.5% YoY. Net income achieved
NT$3.188 billion, +50.3% YoY. EPS was NT$1.66. As of 2021 First Half,
consolidated revenue reached NT$377.3 billion, +34.4% YoY. Net income reached
NT$5.6 billion, +48.4% YoY. EPS was NT$3.1.
Benefited from growth in revenue, 2021 Second Quarter key financial
indicators Return on Equity (ROE) was 19.4%. Return on Working Capital (ROWC)
raised to 10.1%.
The overall strong demand for semiconductor and related electronic components
specifically laptops, PCs, base stations, communication components, servers,
and cloud are the major causes for the growth of sales and net income.
For 2021 Third Quarter, based on an exchange rate assumption of NT$28 to the
U.S. dollar, WPG forecasts consolidated revenue of NT$190 billion to NT$200
billion, gross margin of 3.7% to 3.9%, operating margin of 1.6% to 1.8%, net
income of NT$2.562 billion to NT$2.989 billion, EPS of NT$1.53 to NT$1.78.
To achieve sustainable development and maximize shareholders’ equity, WPG
examines all aspects of sustainable development comprehensively and deploys
various actions. To strengthen corporate governance, board resolution quality
and board diversity, Ms. Kai Charn Young was elected as independent director
at 2021 AGM, Chief Sustainability Officer was appointed in early 2021, and
full attention was paid to global risks. “Employee Stock Ownership Trust”
(ESOT) was introduced to assist our employees with their retirements plans as
well as to enhance ownership culture that results in the continued success of
WPG. Over 90% of eligible employees have participated. Additionally, in
response to climate crisis and the Paris Agreement, WPG pledged to achieve
Net Zero Emissions by 2050 and Net Zero in own operations including office
buildings and warehouses by 2030 at 2021 AGM to support green transition. WPG
aims to build sustainable supply chain and restore our Earth together with
all partners along the value chain.