WPG (TWSE:3702) Reports 2023 Third Quarter Sales, Operating Income, Net Income and EPS Exceeding Forecast. EPS was NT$0.95
November 08, 2023
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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.
WPG Holdings Limited published this content on 09 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2023 20:39:16 UTC.
WPG Holdings Ltd is a Taiwan-based company mainly engaged in the business of distributing semiconductor components. The Company's products include core components, analog and mixed signal components, discrete and logic components, memory components, passive, electromagnetic and connector components, optical components and sensing components, and other components. The core components include computer chipsets, various round/sound effects/video controllers, and smart phone chips. Analog and mixed signal components include comparators, digital/analog converters, and power supply controllers. Discrete and logic components include diodes, rectifiers, transistors and photoelectric crystals. Passive, electromagnetic, and connector components include resistors, inductors, and magnetic components. Optical components and sensing components include light emitting diodes (LEDs), sensors and LED panels. The original memory includes DRAM, SRAM, EPROM, EEPROM, Flash, MCP, among others.
WPG HOLDINGS LIMITED 
