WPG (TWSE:3702) 2024 Net Income was NT$7.245 Billion, with EPS of NT$4.07. Awarded Morningstar 2025 ESG Industry and Regional ESG-Top Rated
WPG (TWSE:3702) 2024 Net Income was NT$7.245 Billion, with EPS of NT$4.07. Awarded Morningstar 2025 ESG Industry and Regional ESG-Top Rated
2025/02/28
WPG announces 2024 Fourth Quarter revenue of NT$231.67 billion hitting second highest quarterly record for the period, operating income was NT$3.869 billion, +26.5% and 28% YoY, respectively. Net income was NT$1.622 billion, with EPS of NT$0.96. 2024 revenue of NT$880.552 billion hitting record high, operating income was NT$14.701 billion, +31.1% and 41.4% YoY, respectively. Full-Year net income was NT$7.245 billion, with EPS of NT$4.07.
2024 Fourth Quarter key financial indicators Return on Equity (ROE) was 7.8%, Return on Working Capital (ROWC) was 8.4%.
The above revenue growth benefited from the rapid development of generative AI, the demand for related traditional and AI servers, power supplies, PCs, notebooks, Android phones, and other electronic components has increased, resulting in strong shipments.
For 2025 First quarter, based on an exchange rate assumption of NT$32.8 to the U.S. dollar, WPG forecasts consolidated revenue of NT$200 billion to NT$210 billion, gross margin of 3.6% to 3.8%, operating margin of 1.7 % to 1.9%, net income of NT$1.541 billion to NT$1.634 billion, EPS of NT$0.92 to NT$0.97.
WPG continues to actively engage in ESG, maintaining a leading position within the industry in Taiwan. The Company has been awarded the "Industry Top-Rated" and "Regional Top-Rated" by Morningstar Sustainalytics in 2025, and received A rating from the MSCI ESG Ratings, which is widely used by domestic and foreign institutional investors and funds for three consecutive years in February, demonstrating a high level of recognition for WPG Holdings' commitment to ESG sustainable management.
Table: WPG Holdings Ltd. Consolidated Financial Statements for the year ended December 31, 2024 (In brief)
Units：NT$million
|
Income Statement (year ended December 31, 2024) |
|
Balance Sheet (December 31, 2024) |
||
|
Item |
Amount |
|
Item |
Amount |
|
Operating revenues |
880,552 |
|
Current Assets |
359,545 |
|
Cost of Goods Sold |
(849,250) |
|
Accounts receivables |
166,283 |
|
Gross Profit |
31,303 |
|
Inventories |
152,789 |
|
Operating Expenses |
(16,602) |
|
Other assets |
46,448 |
|
Operating income |
14,701 |
|
Total Assets |
405,993 |
|
Non-op Expenses |
(5,467) |
|
Current Liabilities |
281,407 |
|
Profit Before Tax |
9,234 |
|
Current Borrowing |
125,961 |
|
Tax |
(1,818) |
|
Accounts payables |
134,413 |
|
Minority & Others |
(171) |
|
LT Liabilities |
31,288 |
|
Profit After tax |
7,245 |
|
Total Liabilities |
321,622 |
|
EPS - Common Stock (Note1) |
4.07 |
|
Common Stock |
16,791 |
|
Note1：Based on weighted average outstanding shares. |
|
Total Equity |
84,371 |
|
|
Cash Flow Statement (year ended December 31, 2024) |
|
|
Item |
Amount |
|
Income before Income Tax |
9,234 |
|
Change in NWC |
(35,872) |
|
Operating cash inflow /(outflow) |
(25,231) |
|
Investment cash inflow /(outflow) |
(3,008) |
|
Change in Financial Debt |
35,001 |
|
Cash Dividends |
(6,277) |
|
Redemption of Preferred Shares |
(10,000) |
|
Financing cash inflow /(outflow) |
23,877 |
|
Cumulative translation adjustments |
5,253 |
|
Net Cash |
892 |
|
Beginning cash balance |
21,796 |
|
Ending cash balance |
22,688 |
IR contacts：Cliff Yuan/ Zoe Peng
Tel：886-2-2191-0068 ext.85268/ext.85262
Email address: ir@WPGholdings.com
Corporate website: www.WPGholdings.com