WT Microelectronics Announced Financial Results for the Third Quarter of 2019

WT Microelectronics (3036 TT) held the Investor Conference today to update the unaudited financial results of the third quarter of 2019 and business outlook. Consolidated revenue for the third quarter of 2019 was NT$96.2bn, above the high-end of guidance of NT$93bn. Operating profit was NT$1,549mn. Net profit was NT$817mn. Weighted average EPS was NT$1.38.

For the outlook of the fourth quarter of 2019, revenue is expected to be between NT$94bn to NT$100bn, down 2% to up 4% quarter on quarter and up 10% to 17% year on year, gross profit margin to be between 2.9% to 3.1%, and operating profit margin to be 1.4% to 1.6%. Communication sector is expected to grow sequentially, driven by continued order growth from smartphone customers, and Automotive segment is expected to grow modestly, to offset the seasonal decline from Computing, Consumer, and Industrial sectors.

WT Microelectronics, as a professional leading Asian semiconductor distributor with broad and deep sales marketing channel and experienced field application engineering support, serves couple thousands customers and dozens vendors. We continues to help supply chain improving efficiency by providing payment, logistics, and information flow to customers in order to satisfy time-to-market requirement for customers’ products. WT Microelectronics will continue to pursue market share increase, outperformed growth momentum, and stable earnings growth in the long term….

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WT Microelectronics Announced Unaudited Monthly Sales for October 2019 Totaled NT$36.4 Billion or US$1,183 Million, Set New Record for Monthly Revenue

WT Microelectronics (3036 TT) today announced its monthly sales for October 2019 totaled NT$36.4 billion, equaling to US$1,183 million approximately, set new record for monthly revenue, an increase of 5% from September 2019 and an increase of 15% over October 2018. Aggregated sales for January to October 2019 totaled NT$274.9 billion or US$8,861 million, an increase of 25% compared with the same period in 2018….

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WT Microelectronics Announced Unaudited Monthly Sales for September 2019 Totaled NT$34.8 Billion or US$1,118 Million, Set New Record for Quarterly Revenue

WT Microelectronics (3036 TT) today announced its unaudited monthly sales for September 2019 totaled NT$34.8 billion, equaling to US$1,118 million approximately, an increase of 12% from August 2019 and a decrease of 1% over September 2018. Record aggregated sales for third quarter 2019 totaled NT$96.2 billion or US$3,087 million, above the high end of guidance, an increase of 29% compared with second quarter 2019 and an increase of 13% compared with the same period in 2018. Aggregated sales for January to September 2019 totaled NT$238.4 billion or US$7,678 million , an increase of 27% compared with the same period in 2018….

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Announce one of our primary suppliers plans to bring our distribution relationship to an end by December 31, 2020.

WT Microelectronics (3036 TT) was notified by Texas Instrument (“TI”) that TI plans to bring our distribution relationship to an end by December 31, 2020 due to TI’s shift in its distribution strategy. Considering the long-term relationship as well as our common objective to ensure minimized customer disruption, WT and TI will set up time during the upcoming weeks to collaboratively discuss the business transition plan. Before implementing mutually agreed transition plan and officially terminating the distributor agreement, we will continue to operate under the terms of current agreement. Our countermeasures are increasing market shares of current product lines, expanding product lines and customer base, and implementing cost control & improving operating efficiency….

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WT Microelectronics announced unaudited monthly sales for August 2019 totaled NT$31.2 billion or US$995 million

WT Microelectronics (3036 TT) today announced its unaudited monthly sales for August 2019 totaled NT$31.2 billion, equaling to US$995 million, an increase of 3% from July 2019 and an increase of 1% over August 2018. Aggregated sales for January to August 2019 totaled NT$203.6 billion, equaling to US$6.6 billion, an increase of 33% compared with the same period in 2018….

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