1.Date of occurrence of the event:2023/08/10
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
Second Quarter consolidated sales, operating income, net income and EPS
exceeding forecast. Consolidated sales achieved NT$156.69 billion, +8.2%
QoQ. Operating income achieved NT$2.466 billion, +27% QoQ. Net
Income achieved NT$2.317 billion, +238% QoQ. EPS was NT$1.14.
Due to sustained profitability and effective working capital management,
2023 Second Quarter operating cash inflow achieved NT$5.243 billion,
net cash inflow of more than NT$47.6 billion for three consecutive
quarters, leading to significant improvement in the company’s financial
structure and cash position. 2023 Second Quarter key financial indicators
Return on Equity (ROE) was 11.6%, Return on Working Capital (ROWC)
was 7.5%.
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 Third quarter, based on an exchange rate assumption of NT$31
to the U.S. dollar, WPG forecasts consolidated revenue of NT$164 billion
to NT$174 billion, gross margin of 3.7% to 3.9%, operating margin of
1.5 % to 1.7%, net income of NT$1.191 billion to NT$1.514 billion, EPS
of NT$0.71 to NT$0.9.