20231109
WPG (TWSE:3702) Reports 2023 Third Quarter Sales, Operating Income, Net Income and EPS Exceeding Forecast. EPS was NT$0.95
2023/11/09
WPG, the distributor of semiconductor components, announces 2023 Third Quarter consolidated sales, operating income, net income and EPS exceeding forecast. Consolidated sales and operating income achieved NT$187.355 billion and NT$2.964 billion, +19.6% QoQ and +20.2% QoQ, respectively. Net income and EPS was NT$1.592 billion and NT$0.95.
2023 Thrid Quarter key financial indicators Return on Equity (ROE) was 7.7%, Return on Working Capital (ROWC) was 8.3%.
The reasons for the above revenue growth is the downstream customers continuously invest in networking and peripheral equipment and server, growing demand for automation drives industrial electronics, and automotive electronics related non-3C applications remains strong. In addition, North America and Southeast Asia customers have put into production, driving demand for semiconductor and related electronic components.
For 2023 Fourth quarter, based on an exchange rate assumption of NT$32.2 to the U.S. dollar, WPG forecasts consolidated revenue of NT$170 billion to NT$180 billion, gross margin of 3.7% to 3.9%, operating margin of 1.6 % to 1.8%, net income of NT$1.377 billion to NT$1.714 billion, EPS of NT$0.82 to NT$1.02.
Table: WPG Holdings Ltd. Consolidated Financial Statements for the year ended September 30, 2023 (In brief)
Units：NT$million
|
Income Statement (year ended September 30, 2023) |
|
Balance Sheet (September 30, 2023) |
||
|
Item |
Amount |
|
Item |
Amount |
|
Operating revenues |
488,798 |
|
Current Assets |
278,483 |
|
Cost of Goods Sold |
(470,254) |
|
Accounts receivables |
133,719 |
|
Gross Profit |
18,544 |
|
Inventories |
108,042 |
|
Operating Expenses |
(11,172) |
|
Other assets |
45,584 |
|
Operating income |
7,372 |
|
Total Assets |
324,068 |
|
Non-op Expenses |
(1,006) |
|
Current Liabilities |
200,657 |
|
Profit Before Tax |
6,365 |
|
Current Borrowing |
86,427 |
|
Tax |
(1,716) |
|
Accounts payables |
98,071 |
|
Minority & Others |
(56) |
|
LT Liabilities |
33,446 |
|
Profit After tax |
4,594 |
|
Total Liabilities |
238,502 |
|
EPS - Common Stock (Note1) |
2.50 |
|
Common Stock |
16,791 |
|
Note1：Based on weighted average outstanding shares. |
|
Total Equity |
85,566 |
|
|
Cash Flow Statement (year ended September 30, 2023) |
|
|
Item |
Amount |
|
Income before Income Tax |
6,365 |
|
Change in NWC |
7,894 |
|
Operating cash inflow /(outflow) |
13,877 |
|
Investment cash inflow /(outflow) |
(509) |
|
Change in Financial Debt |
(11,116) |
|
Financing cash inflow /(outflow) |
(18,236) |
|
Cumulative translation adjustments |
4,311 |
|
Net Cash |
(557) |
|
Beginning cash balance |
16,597 |
|
Ending cash balance |
16,041 |
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
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