Announces WPG consolidated financial results for the fourth quarter of 2022 and forecast for the first quater of 2023
2023-02-28
1.Date of occurrence of the event:2023/02/28
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 2022 consolidated
sales of NT$775.232 billion, under the effective control of expenses,
operating income achieved NT$14.7 billion. Contributing from investment
income and foreign exchange income, net income of NT$10.512 billion with EPS
NT$6.02.
2022 key financial indicators Return on Equity (ROE) was 13.9%, Return on
Working Capital (ROWC) was 9.7%.
The reasons for the revenue and net income growth is 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, driven
by North America and Southeast Asia customers have put into production, which
has led to double-digit revenue growth in the regions. The reasons also drive
the demand for semiconductor and related electronic components.
For 2023 first quarter, based on an exchange rate assumption of NT$30.7 to
the U.S. dollar, WPG forecasts consolidated revenue of NT$145 billion to
NT$155 billion, gross margin of 3.7% to 3.9%, operating margin of 1.45% to
1.59%, net income of NT$0.731 billion to NT$0.802 billion, EPS of NT$0.44 to
NT$0.48.