WPG (TWSE:3702) Reports 2021 Consolidated Sales, Operating Income, Net Income and EPS Hitting Record High. EPS was NT$6.61
WPG (TWSE:3702) Reports 2021 Consolidated Sales, Operating Income, Net Income and EPS Hitting Record High. EPS was NT$6.61
2022/02/28
WPG, the largest distributor of semiconductor components globally, announces 2021 consolidated sales, operating income, net income and EPS hitting record high. Consolidated sales and operating income achieved NT$778.573 billion and NT$13.804 billion, +27.7% and +37.4 YoY respectively. Net Income surpassed NT$10 billion and achieved NT$11.497 billion, +41.5% YoY. EPS was NT$6.61. 2021 Fourth Quarter consolidated sales, operating income and net income achieved NT$199.342 billion, +25.3% YoY, NT$3.276 billion, +29.7% YoY and NT$2.705 billion, +29.6% YoY, respectively.
Benefited from growth in revenue, 2021 Fourth Quarter key financial indicators Return on Equity (ROE) was 15.9%, and Return on Working Capital (ROWC) was 9.1%.
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.
For 2022 First Quarter, based on an exchange rate assumption of NT$27.7 to the U.S. dollar, WPG forecasts consolidated revenue of NT$180 billion to NT$190 billion, gross margin of 3.7% to 3.9%, operating margin of 1.65% to 1.85%, net income of NT$2.411 billion to NT$2.789 billion, EPS of NT$1.44 to NT$1.66.
Table: WPG Holdings Ltd. Consolidated Financial Statements for the year ended December 31, 2021 (In brief)
Units:NT$million
Income Statement (year ended December 31, 2021) |
|
Balance Sheet (December 31, 2021) |
||
Item |
Amount |
|
Item |
Amount |
Operating revenues |
778,573 |
|
Current Assets |
246,449 |
Cost of Goods Sold |
(748,872) |
|
Accounts receivables |
134,392 |
Gross Profit |
29,701 |
|
Inventories |
86,215 |
Operating Expenses |
(15,897) |
|
Other assets |
41,290 |
Operating income |
13,804 |
|
Total Assets |
287,739 |
Non-op Expenses |
372 |
|
Current Liabilities |
182,224 |
Profit Before Tax |
14,175 |
|
Current Borrowing |
89,898 |
Tax |
(2,527) |
|
Accounts payables |
75,937 |
Minority & Others |
(151) |
|
LT Liabilities |
31,478 |
Profit After tax |
11,497 |
|
Total Liabilities |
216,513 |
EPS - Common Stock (Note1) |
6.61 |
|
Common Stock |
16,791 |
Note1:Based on weighted average outstanding shares. |
|
Total Equity |
71,225 |
Cash Flow Statement (year ended December 31, 2021) |
|
Item |
Amount |
Income before Income Tax |
14,175 |
Change in NWC |
(38,944) |
Operating cash inflow /(outflow) |
(19,034) |
Investment cash inflow /(outflow) |
(1,142) |
Cash Dividends |
(5,605) |
Change in Financial Debt |
32,331 |
Financing cash inflow /(outflow) |
26,479 |
Cumulative translation adjustments |
(2,915) |
Net Cash |
3,388 |
Beginning cash balance |
11,020 |
Ending cash balance |
14,408 |
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