WPG (TWSE:3702) Reports 2021 Third Quarter Consolidated Sales, Operating Income and EPS exceeding forecast and hitting record high. 2021 Third Quarter EPS was NT$1.90, YTD EPS was NT$5.
WPG (TWSE:3702) Reports 2021 Third Quarter Consolidated Sales, Operating Income and EPS exceeding forecast and hitting record high. 2021 Third Quarter EPS was NT$1.90, YTD EPS was NT$5.
2021/11/09
WPG, the largest distributor of semiconductor components globally, announces 2021 Third Quarter consolidated sales, operating income and EPS exceeding forecast and hitting record high. Consolidated sales achieved NT$201.89 billion, +18.8% YoY. Operating income achieved NT$3.9 billion, +41.4% YoY. Net Income achieved NT$3.185 billion, +41.1% YoY. EPS was NT$1.9. YTD Consolidated sales achieved NT$579.231 billion, +28.5% YoY. YTD Operating income achieved NT$10.528 billion, +39.9% YoY. YTD Net Income achieved NT$8.792 billion, +45.7% YoY. YTD EPS was NT$5.0. YTD Operating income, net income and EPS all exceeded previous year.
Benefited from growth in revenue, 2021 Third Quarter key financial indicators Return on Equity (ROE) was 19.1%, the second highest within 10 years. Return on Working Capital (ROWC) raised to 10.7%.
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 record-high sales and net income.
Record-high sales and net income mentioned above majorly benefited from strong demand of semiconductor chips and related electronic components, specifically in laptops, PC, base stations, communication components, servers and cloud, as well as price adjustment from upstream.
For 2021 Fourth Quarter, based on an exchange rate assumption of NT$27.9 to the U.S. dollar, WPG forecasts consolidated revenue of NT$175 billion to NT$185 billion, gross margin of 3.7% to 3.9%, operating margin of 1.65% to 1.85%, net income of NT$2.318 billion to NT$2.722 billion, EPS of NT$1.38 to NT$1.62.
Table: WPG Holdings Ltd. Consolidated Financial Statements for the nine months ended Sep. 30, 2021 (In brief)
Units:NT$million
Income Statement (nine months ended Sep. 30, 2021) |
|
Balance Sheet (Sep. 30, 2021) |
||
Item |
Amount |
|
Item |
Amount |
Operating revenues |
579,231 |
|
Current Assets |
259,256 |
Cost of Goods Sold |
(556,701) |
|
Accounts receivables |
141,652 |
Gross Profit |
22,530 |
|
Inventories |
91,386 |
Operating Expenses |
(12,002) |
|
Other assets |
40,053 |
Operating income |
10,528 |
|
Total Assets |
299,310 |
Non-op Expenses |
308 |
|
Current Liabilities |
202,345 |
Profit Before Tax |
10,836 |
|
Current Borrowing |
100,252 |
Tax |
(1,916) |
|
Accounts payables |
86,589 |
Minority & Others |
(128) |
|
LT Liabilities |
25,352 |
Profit After tax |
8,792 |
|
Total Liabilities |
230,519 |
EPS - Common Stock (Note1) |
5.00 |
|
Common Stock |
16,791 |
Note1:Based on weighted average outstanding shares. |
|
Total Equity |
68,588 |
Cash Flow Statement (nine months ended Sep. 30, 2021) |
|
Item |
Amount |
Income before Income Tax |
10,836 |
Change in NWC |
(40,741) |
Operating cash inflow /(outflow) |
(28,544) |
Investment cash inflow /(outflow) |
(856) |
Change in Financial Debt |
36,558 |
Cash Dividends |
(5,605) |
Financing cash inflow /(outflow) |
31,032 |
Cumulative translation adjustments |
(2,006) |
Net Cash |
(373) |
Beginning cash balance |
11,020 |
Ending cash balance |
10,647 |
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