WPG (TSE:3702) Reports Its Unaudited Quarterly Consolidated Sales Set New Fourth Quarter Record, Grew 10.6% YoY, Net Income Grew 8.5% YoY. Quarterly and YTD EPS was NT$1.03 and NT$3.84 Respectively
WPG (TSE:3702) Reports Its Unaudited Quarterly Consolidated Sales Set New Fourth Quarter Record, Grew 10.6% YoY, Net Income Grew 8.5% YoY. Quarterly and YTD EPS was NT$1.03 and NT$3.84 Respectively
2020/03/18
Contributed from steady growth in core products such as 3C and benefited from growing shipments of CPU, start shipping of 5G related components, demand of server and memory, WPG, the largest distributor of semiconductor components in Asia announces its unaudited fourth quarter consolidated sales of NT$145.773 billion set new fourth quarter record, represent 10.6% double digit growth year over year, operating income was NT$2.415 billion, net income was NT$1.735 billion, represented 8.5% growth year over year, EPS was NT$1.03. Unaudited YTD consolidated sales and net income was NT$527.601 billion and NT$6.453 billion respectively. EPS was NT$3.84.
Fourth quarter 2019 key financial indices: Return on Working Capital (ROWC) and ROE was 8.3% and 11.8% respectively.
Driven by 5G start becoming operational and IoE, smart city, smart home and IoT related, 61 application solutions were provided in the fields of Power (14), Automotive (11), Smart Home (9), Industrial (6), Wearable Devices (5), Security(4), Smart City(4), Lighting (2), Computer (2), Medical(2), Networking(2) focusing on applications of smart Lightbulb socket/ wireless earbuds charging case/ PoE PD solution/ speed controller/ multiphase Vcore power / 1/4" Image Sensor / ER-DES camera/ SEPIC LED Kit Set/ Car Water Pump / charging pile / air mouse/ plasma speaker/ active rectifier/ TWS dual mic noise cancelling headphones/ glass break sensor/ LoRa WAN soil monitor/ smart toothbrush / Ethernet Passive Optical Network.
Table: WPG Holdings Consolidated Management Financials for the year ended December 31, 2019. (In brief)
Units：NT$million
|
Income Statement (year ended December 31, 2019) |
|
Balance Sheet (December 31, 2019) |
||
|
Item |
Amount |
|
Item |
Amount |
|
Operating revenues |
527,601 |
|
Current Assets |
205,961 |
|
Cost of Goods Sold |
(505,173) |
|
Accounts receivables |
112,731 |
|
Gross Profit |
22,428 |
|
Inventories |
67,722 |
|
Operating Expenses |
(12,815) |
|
Other assets |
24,386 |
|
Operating income |
9,613 |
|
Total Assets |
230,347 |
|
Non-op Expenses |
(1,425) |
|
Current Liabilities |
156,959 |
|
Profit Before Tax |
8,188 |
|
Current Borrowing |
79,950 |
|
Tax |
(1,682) |
|
Accounts payables |
63,623 |
|
Minority & Others |
(53) |
|
LT Liabilities |
7,331 |
|
Profit After tax |
6,453 |
|
Total Liabilities |
166,380 |
|
EPS (Note1) |
3.84 |
|
Common Stock |
18,791 |
|
Net book value per share (Note 1) |
31.84 |
|
Total Equity |
63,967 |
Note1：Based on weighted average outstanding shares.
|
Cash flows (year ended December 31, 2019) |
|
|
Item |
Amount |
|
Income before Income Tax |
8,188 |
|
Change in NWC |
(7,029) |
|
Operating cash inflow /(outflow) |
(1,347) |
|
Investment cash inflow /(outflow) |
(9,183) |
|
Change in Financial Debt |
11,245 |
|
Cash Dividends |
(4,533) |
|
Preferred Shares |
9,995 |
|
Financing cash inflow /(outflow) |
16,223 |
|
Cumulative translation adjustments |
(2,818) |
|
Net Cash |
2,876 |
|
Beginning cash balance |
7,117 |
|
Ending cash balance |
9,993 |
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