1.Date of occurrence of the event:2021/08/10
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:
WPG, the distributor of semiconductor components globally, announces 2021
Second Quarter consolidated sales 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.
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 ahead of peer. To strengthen corporate governance, board
resolution quality and board diversity, one female independent director was
added to the board 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 strengthen
climate change governance. To restore our Earth and build sustainable supply
chain together with all partners along the value chain, WPG would continue
increase energy efficiency, reduce carbon emission, increase renewable energy
usage, as well as promote industry-wise green transition.