1.Date of occurrence of the event:2023/05/11
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 (the information disclosure
also meets the requirements of Article 7, subparagraph 9 of the Securities
and Exchange Act Enforcement Rules, which brings forth a significant impact
on shareholders rights or the price of the securities on public companies.):
WPG, the distributor of semiconductor components, announces 2023 first
quarter consolidated sales achieved NT$144.754 billion, -18% QoQ.
Operating income achieved NT$1.941 billion, -38.3% QoQ. Net income
achieved NT$0.685 billion, -51.4% QoQ. EPS was NT$0.41.
Due to sustained profitability and effective working capital management,
2023 first quarter operating cash inflow achieved NT$15.418 billion, net cash
inflow of more than NT$42 billion for two consecutive quarters, leading to
significant improvement in the company’s financial structure and cash
position. 2023 first quarter key financial indicators Return on Equity (ROE)
was 3.4%, Return on Working Capital (ROWC) was 5.7%.
The downstream customers continuously invest in networking and peripheral
equipment and server, growing demand for automation drives industrial
electronics, and automotive electronics related non-3C applications remains
strong. In addition, North America and Southeast Asia customers have put
into production, driving demand for semiconductor and related electronic
components.
For 2023 second quarter, based on an exchange rate assumption of NT$30.4
to the U.S. dollar, WPG forecasts consolidated revenue of NT$142 billion to
NT$152 billion, gross margin of 3.7% to 3.9%, operating margin of 1.3 % to
1.45%, net income of NT$1.898 billion to NT$2.103 billion, EPS of
NT$0.89 to NT$1.01.