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WPG (TSE:3702) Reports Its Reported Its Record High in Consolidated Sales, Operating Income, Net Income and Earnings Per Share of 2018. EPS was NT$4.21

20190130

WPG (TSE:3702) Reports Its Reported Its Record High in Consolidated Sales, Operating Income, Net Income and Earnings Per Share of 2018. EPS was NT$4.21

 

2019/1/30

 

Contributed from steady growth in core products such as 3C and automotives, and benefited from successful deployment in new applications such as Internet of Things(IoT), Artificial Intelligence(AI), cloud storage and high-performance computing, with optimizing product portfolios and efficient expense control, WPG, the largest distributor of semiconductor components in Asia announces its record high in consolidated sales, operating income, net income and earnings per share of 2018, reached NT$545.124 billion, NT$10.568 billion and NT$7.432 billion, represented 2.4%, 6.2% and 1.7% growth year over year respectively, especially operating income surpassed the NT$10 billion mark. EPS was NT$4.21 per share.

With increased profit and improving operating efficiency, 2018 key financial indices: Return on Working Capital (ROWC) and ROE was 9.6% and 14% respectively.

Based on the exchange rate assumption of 1 US dollar to 30.6 NT dollars, management guides the total sales of first quarter 2019 will be between NT$117 billion and NT$123 billion, with the gross margin in the range of 4.1%~4.3% and the operating margin between 1.65%~1.85%.

In the fourth quarter of 2018, driven by the IoT, 43 application solutions were provided in the fields of Automotive (16), Power (12), Smart City (10), Smart Home (2), Security (1), LED (1), Wearable Devices (1) focusing on applications of ADAS/automotive ethernet/tire pressure monitoring/lane departure warning system/automotive current detector/ethernet AVB/video compression/daytime running lamp with EMC standards/new electric vehicle charging/single-circuit frequency wireless charging/ BMS/smart door lock/smart attendance machine/localization and navigation system for robot vacuum/smart voice/ultra-low power BLE/dimmable buck controller for LED.

 

 

 

 

 

 

 

 

Table: WPG Holdings Consolidated Management Financials for the year ended December 31, 2018. (In brief)

Units:NT$million

Income Statement

(year ended December 31, 2018)

 

Balance Sheet

(December 31, 2018)

Item

Amount

 

Item

Amount

Operating revenues

545,124

 

Current Assets

180,771

Cost of Goods Sold

(521,490)

 

Accounts receivables

98,502

Gross Profit

23,634

 

Inventories

64,207

Operating Expenses

(13,066)

 

Other assets

15,043

Operating income

10,568

 

Total Assets

195,814

Non-op Expenses

(1,335)

 

Current Liabilities

126,268

Profit Before Tax

9,233

 

Current Borrowing

62,620

Tax

(1,747)

 

Accounts payables

52,656

Minority & Others

(53)

 

LT Liabilities

13,366

Profit After tax

7,432

 

Total Liabilities

140,940

EPS (Note1)

4.21

 

Common Stock

16,791

Net book value per share (Note 1)

32.40

 

Total Equity

54,875

Note1:Based on weighted average outstanding shares.

 

Cash flows

(year ended December 31, 2018)

Item

Amount

Income before Income Tax

9,233

Change in NWC

(7,620)

Operating cash inflow /(outflow)

(3,277)

Investment cash inflow /(outflow)

43

Change in Financial Debt

5,999

Cash Dividend

(4,380)

Financing cash inflow /(outflow)

1,607

Cumulative translation adjustments

1,672

Net Cash

44

Beginning cash balance

7,098

Ending cash balance

7,142

 

 

 

1Q19 Forecast

Item

Amount

Revenue

117,000

~

123,000

Gross Profit

4,797

~

5,289

Gross Margin

4.10%

~

4.30%

Operating Expenses

2,867

~

3,014

Operating Income

1,930

~

2,275

Operating Margin

1.65%

~

1.85%

Profit Before Tax

1,372

~

1,715

Profit After Tax

1, 075

~

1,349

EPS (NT$) (Note 1)

0.64

~

0.80

Note1:Based on weighted average outstanding shares.

 

 

 

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

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