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WPG (TSE:3702) Reports Its Consolidated Sales of Second Quarter Grew 15.5% QoQ, Net Income of Second Quarter Reaches NT$1.629 Billion Exceed Forecast. EPS was NT$0.97

20190801

WPG (TSE:3702) Reports Its Consolidated Sales of Second Quarter Grew 15.5% QoQ, Net Income of Second Quarter Reaches NT$1.629 Billion Exceed Forecast. EPS was NT$0.97

 

2019/8/1

 

Contributed from steady growth in core products such as 3C and benefited from successful deployment in new applications such as Internet of Things(IoT), Artificial Intelligence(AI), cloud storage and high-performance computing, WPG, the largest distributor of semiconductor components in Asia announces its second quarter consolidated sales of NT$129.176 billion and operating income of NT$2.565 billion in line with expectation, represented 15.5% and 24.3% growth quater by quater respectively, net income of NT$1.629 billion exceed forecast, EPS was NT$0.97. YTD consolidated sales and net income was NT$241.008 billion and NT$2.933 billion respectively. YTD EPS was NT$1.75.

Second quarter 2019 key financial indices: Return on Working Capital (ROWC) and ROE was 9.8% and 12.1% respectively.

Driven by 5G start becoming operational and IoE, smart city, smart home and IoT related application solutions were provided in the fields of Power (21), Automotive (12), Smart Home (8), Wearable Devices (6), Lighting (5), Computer (2), Smart City (2), Industrial (1) focusing on applications of BLDC, 65W synchronous rectification adaptor, BMS, charging case of TWS earphones, SEPIC LED Driver power, 15W car charging, LED head light driver, automotive display with video signal processing, touch screen with haptic feedback, turn Signal Light, 6.6KW OBC, mesh smart light, bluetooth voice remote, BLDC bladeless fan, TWS headphones, ANC headphones, 10W-50W dimmable LED driver, ambient lighting, EtherCAT Slave Digital I/O.

 

Table: WPG Holdings Consolidated Management Financials for six months ended June 30, 2019. (In brief)

Units:NT$million

Income Statement

(six months ended June 30, 2019)

 

Balance Sheet

(June 30, 2019)

Item

Amount

 

Item

Amount

Operating revenues

241,008

 

Current Assets

181,078

Cost of Goods Sold

(230,347)

 

Accounts receivables

94,439

Gross Profit

10,661

 

Inventories

65,323

Operating Expenses

(6,032)

 

Other assets

16,426

Operating income

4,629

 

Total Assets

197,504

Non-op Expenses

(778)

 

Current Liabilities

127,995

Profit Before Tax

3,851

 

Current Borrowing

56,505

Tax

(896)

 

Accounts payables

54,954

Minority & Others

(22)

 

LT Liabilities

13,315

Profit After tax

2,933

 

Total Liabilities

143,583

EPS (Note1)

1.75

 

Common Stock

16,791

Net book value per share (Note 1)

31.82

 

Total Equity

53,922

Note1:Based on weighted average outstanding shares.

 

Cash flows

(six months ended June 30, 2019)

Item

Amount

Income before Income Tax

3,851

Change in NWC

4,993

Operating cash inflow /(outflow)

4,538

Investment cash inflow /(outflow)

60

Change in Financial Debt

(6,216)

Financing cash inflow /(outflow)

(6,220)

Cumulative translation adjustments

668

Net Cash

(953)

Beginning cash balance

7,117

Ending cash balance

6,163

 

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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