1.Date of occurrence of the event:2024/05/09
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 announces 2024 First quarter consolidated sales, operating income,
net income and EPS all surpassed the high range of forecasts. Consolidated
sales of NT$181.94 billion and operating income of NT$3.252 billion
increase of YoY 25.7% and 67.5% respectively. Net income increased by
184.6% YoY to NT$1.949 billion, with an EPS of NT$1.16.
2024 First Quarter key financial indicators Return on Equity (ROE) was
9%, Return on Working Capital (ROWC) was 8.2%.
For 2024 Second quarter, WPG anticipates continued growth in its core
business, driven mainly by positive factors such as server business,
resurgence in demand for notebooks, and a rebound in memory prices. In
addition, North America and Southeast Asia customers have put into
production driving demand for semiconductor and related electronic
components. Based on an exchange rate assumption of NT$32.3 to the
U.S. dollar, WPG forecasts a median QoQ increase in consolidated sales
of 7.2% to NT$190 billion to NT$200 billion, gross margin of 3.7% to 3.9,
operating margin of 1.7% to 1.9%, with a median QoQ increase in
operating income of 8.1% to NT$3.23 billion to NT$3.8 billion, and
estimated net income of NT$1.36 billion to NT$1.76 billion, resulting in
an estimated EPS of NT$0.54 to NT$0.78.
WPG continues to actively engage in ESG initiatives, maintaining a
leading position within the industry in Taiwan. Following the A rating
received in February for two consecutive years from domestic and foreign
institutional investors and funds using the MSCI ESG rating indicators, the
company was further honored in April by ranking in the top 5% of the tenth
corporate governance evaluation, demonstrating significant recognition
from both international rating agencies and domestic evaluation institutions
for WPG's commitment to ESG sustainable management.