WPG (TWSE:3702) 2022 First Quarter Consolidated Sales, Operating Income, Net Income and EPS exceeding forecast and hitting record high, ESG rating upgraded to 'BBB' which is the best in the distributor of semiconductor components globally
WPG (TWSE:3702) 2022 First Quarter Consolidated Sales, Operating Income, Net Income and EPS exceeding forecast and hitting record high, ESG rating upgraded to 'BBB' which is the best in the distributor of semiconductor components globally
2022/05/10
WPG, the largest distributor of semiconductor components globally, announces 2022 First Quarter consolidated sales, operating income, net income and EPS exceeding forecast and hitting record high. Consolidated sales achieved NT$209.865 billion, +18.5% YoY. Operating income achieved NT$4.22 billion, +41.3% YoY. Net Income achieved NT$3.444 billion, +42.4% YoY. EPS was NT$2.05.
Benefited from growth in revenue, 2022 First Quarter key financial indicators Return on Equity (ROE) was 18.7%, and Return on Working Capital (ROWC) was 10.2%.
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 Second Quarter, based on an exchange rate assumption of NT$29 to the U.S. dollar, WPG forecasts consolidated revenue of NT$190 billion to NT$200 billion, gross margin of 3.7% to 3.9%, operating margin of 1.7% to 1.9%, net income of NT$2.303 billion to NT$2.725 billion, EPS of NT$1.13 to NT$1.38.
While striving to increase profit and market share, WPG actively adopts ESG practices for sustainable development. Recently, MSCI Has Upgraded WPG’s ESG Rating to “BBB”, WPG becomes the best rating in the distributor of semiconductor components globally. Additionally, the result of Corporate Governance Evaluation Results also rises. The above reflect the recognition from domestic and foreign rating agencies for WPG's investing in ESG sustainable development.
Table: WPG Holdings Ltd. Consolidated Financial Statements for the year ended March 31, 2022 (In brief)
Units：NT$million
|
Income Statement (year ended March 31, 2022) |
|
Balance Sheet (March 31, 2022) |
||
|
Item |
Amount |
|
Item |
Amount |
|
Operating revenues |
209,865 |
|
Current Assets |
280,262 |
|
Cost of Goods Sold |
(201,770) |
|
Accounts receivables |
150,304 |
|
Gross Profit |
8,096 |
|
Inventories |
99,474 |
|
Operating Expenses |
(3,875) |
|
Other assets |
43,359 |
|
Operating income |
4,220 |
|
Total Assets |
323,620 |
|
Non-op Expenses |
(48) |
|
Current Liabilities |
202,587 |
|
Profit Before Tax |
4,173 |
|
Current Borrowing |
100,625 |
|
Tax |
(687) |
|
Accounts payables |
84,955 |
|
Minority & Others |
(41) |
|
LT Liabilities |
40,165 |
|
Profit After tax |
3,444 |
|
Total Liabilities |
245,501 |
|
EPS - Common Stock (Note1) |
2.05 |
|
Common Stock |
16,791 |
|
Note1：Based on weighted average outstanding shares. |
|
Total Equity |
78,120 |
|
|
Cash Flow Statement (year ended March 31, 2022) |
|
|
Item |
Amount |
|
Income before Income Tax |
4,173 |
|
Change in NWC |
(20,127) |
|
Operating cash inflow /(outflow) |
(20,204) |
|
Investment cash inflow /(outflow) |
(1,393) |
|
Change in Financial Debt |
19,413 |
|
Financing cash inflow /(outflow) |
19,201 |
|
Cumulative translation adjustments |
2,868 |
|
Net Cash |
473 |
|
Beginning cash balance |
14,408 |
|
Ending cash balance |
14,881 |
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