About WPG Korea

Home > About WPG Korea > WPG Holdings News

WPG attend investor conference held by KGI SECURITIES on November 16th, 2021

20211116

WPG attend investor conference held by KGI SECURITIES on November 16th, 2021

 

2021/11/16

 

WPG, the largest distributor of semiconductor components globally, announces 2021 Third Quarter consolidated sales, operating income and EPS exceeding forecast and hitting record high. Consolidated sales achieved NT$201.89 billion, +18.8% YoY. Operating income achieved NT$3.9 billion, +41.4% YoY. Net Income achieved NT$3.185 billion, +41.1% YoY. EPS was NT$1.9. YTD Consolidated sales achieved NT$579.231 billion, +28.5% YoY. YTD Operating income achieved NT$10.528 billion, +39.9% YoY. YTD Net Income achieved NT$8.792 billion, +45.7% YoY. YTD EPS was NT$5.0. YTD Operating income, net income and EPS all exceeded previous year.

 

Benefited from growth in revenue, 2021 Third Quarter key financial indicators Return on Equity (ROE) was 19.1%, the second highest within 10 years. Return on Working Capital (ROWC) raised to 10.7%.

 

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.

 

Record-high sales and net income mentioned above majorly benefited from strong demand of semiconductor chips and related electronic components, specifically in laptops, PC, base stations, communication components, servers and cloud, as well as price adjustment from upstream.

 

For 2021 Fourth Quarter, based on an exchange rate assumption of NT$27.9 to the U.S. dollar, WPG forecasts consolidated revenue of NT$175 billion to NT$185 billion, gross margin of 3.7% to 3.9%, operating margin of 1.65% to 1.85%, net income of NT$2.318 billion to NT$2.722 billion, EPS of NT$1.38 to NT$1.62.

 

Driven by 5G commercialization and IoT trends, application solutions in power, smart home and IoT related field continue to increase, laying solid foundation for future growth in sales. To provide better value-added service and increase market share, 57 application solutions were provided to our customers, including fields in Power (21), Automotive (11), Smart Home (6), Smart City (6), Wearable Devices (5), Consumer (4), Computer and related applications (3), Communication (1), focusing on 65W PD power adapter of GaN System, 250W automotive electric fuel pump, 65W medical power adapter of Flyback Converter, ADAS high resolution smart camera, PEPS automotive key-free solution, smart home control panel, indoor air quality detector, Bluetooth 5.1 hearing aid earphone, smart translation pen, IR mouse, WiFi 6 router design…etc.

 

 

Table: WPG Holdings Ltd. Consolidated Financial Statements for the nine months ended Sep. 30, 2021 (In brief)

Units:NT$million

Income Statement

(nine months ended Sep. 30, 2021)

 

Balance Sheet

(Sep. 30, 2021)

Item

Amount

 

Item

Amount

Operating revenues

579,231

 

Current Assets

259,256

Cost of Goods Sold

(556,701)

 

Accounts receivables

141,652

Gross Profit

22,530

 

Inventories

91,386

Operating Expenses

(12,002)

 

Other assets

40,053

Operating income

10,528

 

Total Assets

299,310

Non-op Expenses

308

 

Current Liabilities

202,345

Profit Before Tax

10,836

 

Current Borrowing

100,252

Tax

(1,916)

 

Accounts payables

86,589

Minority & Others

(128)

 

LT Liabilities

25,352

Profit After tax

8,792

 

Total Liabilities

230,519

EPS - Common Stock (Note1)

5.00

 

Common Stock

16,791

Note1:Based on weighted average outstanding shares.

 

Total Equity

68,588

 

Cash Flow Statement

(nine months ended Sep. 30, 2021)

Item

Amount

Income before Income Tax

10,836

Change in NWC

(40,741)

Operating cash inflow /(outflow)

(28,544)

Investment cash inflow /(outflow)

(856)

Change in Financial Debt

36,558

Cash Dividends

(5,605)

Financing cash inflow /(outflow)

31,032

Cumulative translation adjustments

(2,006)

Net Cash

(373)

Beginning cash balance

11,020

Ending cash balance

10,647

 

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

Contact