Benefits from rapid growth in sales of 3C, Internet of Things (IoT), automotive electronics, and cloud products, WPG’s consolidated revenue, operating net profit, and after-tax net profit in the first quarter exceeded expectations, and outlook for the second quarter of 2018, the operating income expected to be between NT$127 billion and NT$140 billion.
WPG's consolidated revenue in the first quarter reached NT$123.412 billion, an annual growth of 3.7%. Under the product line optimization and continuous control of operating expenses, the operating expense ratio was 2.37%, driving the net operating profit growth of 6.3% to NT$2,404 million, the first the quarterly operating net margin reached a new high of 1.95% in six years. The non-industry income and expenditure accounted for approximately NT$2.1 billion in one-season exchanges. After-tax net profit reached a record high of 1.891 billion yuan in a single season, growing 2.4% annually.
Huang Weixiang, chairman of the WPG, said that if the industry estimates are low-growth, how could a shortage happen? Especially if the IoT industry is only at the beginning and 5G will be added in the future, there will be more applications. The total amount of shipment did not change much, but the content has already been greatly different.
Looking forward to the second quarter of 2018, the WPG’s operating income is estimated to be NT$127 billion to NT$140 billion (quarter increase 2.9~13.44%), and the estimated gross margin is between 4.1% and 4.3. %, the estimated operating profit rate is between 1.85% and 1.98%. Revenue growth mainly comes from the continued growth of smart phones such as 4G and 3G, computer peripherals, wireless broadband, and cloud servers. Non-3C sectors such as automotive electronics, industrial electronics, and power supply.
