WPG (TSE:3702) Reports Its Consolidated Sales of Second Quarter Grew 15.5% QoQ, Net Income of Second Quarter Reaches NT$1.629 Billion Exceed Forecast. EPS was NT$0.97
WPG (TSE:3702) Reports Its Consolidated Sales of Second Quarter Grew 15.5% QoQ, Net Income of Second Quarter Reaches NT$1.629 Billion Exceed Forecast. EPS was NT$0.97
2019/8/1
Contributed from steady growth in core products such as 3C and benefited from successful deployment in new applications such as Internet of Things(IoT), Artificial Intelligence(AI), cloud storage and high-performance computing, WPG, the largest distributor of semiconductor components in Asia announces its second quarter consolidated sales of NT$129.176 billion and operating income of NT$2.565 billion in line with expectation, represented 15.5% and 24.3% growth quater by quater respectively, net income of NT$1.629 billion exceed forecast, EPS was NT$0.97. YTD consolidated sales and net income was NT$241.008 billion and NT$2.933 billion respectively. YTD EPS was NT$1.75.
Second quarter 2019 key financial indices: Return on Working Capital (ROWC) and ROE was 9.8% and 12.1% respectively.
Driven by 5G start becoming operational and IoE, smart city, smart home and IoT related application solutions were provided in the fields of Power (21), Automotive (12), Smart Home (8), Wearable Devices (6), Lighting (5), Computer (2), Smart City (2), Industrial (1) focusing on applications of BLDC, 65W synchronous rectification adaptor, BMS, charging case of TWS earphones, SEPIC LED Driver power, 15W car charging, LED head light driver, automotive display with video signal processing, touch screen with haptic feedback, turn Signal Light, 6.6KW OBC, mesh smart light, bluetooth voice remote, BLDC bladeless fan, TWS headphones, ANC headphones, 10W-50W dimmable LED driver, ambient lighting, EtherCAT Slave Digital I/O.
Table: WPG Holdings Consolidated Management Financials for six months ended June 30, 2019. (In brief)
Units：NT$million
|
Income Statement (six months ended June 30, 2019) |
|
Balance Sheet (June 30, 2019) |
||
|
Item |
Amount |
|
Item |
Amount |
|
Operating revenues |
241,008 |
|
Current Assets |
181,078 |
|
Cost of Goods Sold |
(230,347) |
|
Accounts receivables |
94,439 |
|
Gross Profit |
10,661 |
|
Inventories |
65,323 |
|
Operating Expenses |
(6,032) |
|
Other assets |
16,426 |
|
Operating income |
4,629 |
|
Total Assets |
197,504 |
|
Non-op Expenses |
(778) |
|
Current Liabilities |
127,995 |
|
Profit Before Tax |
3,851 |
|
Current Borrowing |
56,505 |
|
Tax |
(896) |
|
Accounts payables |
54,954 |
|
Minority & Others |
(22) |
|
LT Liabilities |
13,315 |
|
Profit After tax |
2,933 |
|
Total Liabilities |
143,583 |
|
EPS (Note1) |
1.75 |
|
Common Stock |
16,791 |
|
Net book value per share (Note 1) |
31.82 |
|
Total Equity |
53,922 |
Note1：Based on weighted average outstanding shares.
|
Cash flows (six months ended June 30, 2019) |
|
|
Item |
Amount |
|
Income before Income Tax |
3,851 |
|
Change in NWC |
4,993 |
|
Operating cash inflow /(outflow) |
4,538 |
|
Investment cash inflow /(outflow) |
60 |
|
Change in Financial Debt |
(6,216) |
|
Financing cash inflow /(outflow) |
(6,220) |
|
Cumulative translation adjustments |
668 |
|
Net Cash |
(953) |
|
Beginning cash balance |
7,117 |
|
Ending cash balance |
6,163 |
IR contacts：Cliff Yuan/ Zoe Peng
Tel：886-2-7712-5268 / 886-2-7712-5262
Email address: ir@WPGholdings.com
Corporate website: www.WPGholdings.com