WT Microelectronics | Page 11 – WT Microelectronics

WT Microelectronics (3036 TT) held the Investor Conference today to update the unaudited financial results of the second quarter of 2018 and business outlook. Consolidated revenue for the second quarter of 2018 was NT$53.2bn, up 7% QoQ and 32% YoY. Operating profit margin continued to improve to 2.31%, better than 2.25% for the second quarter of 2017. Net profit was NT$620mn, up 7% QoQ and 14% YoY, and weighted average EPS was NT$1.12. For the revenue breakdown by applications, Communication sector decreased QoQ, due to the final stage of smartphone customer’ inventory adjustment. All other applications increased double digit QoQ, due mainly to seasonal demand.

For the first half of 2018, consolidated revenue was NT$102.9bn, up 31% YoY. Operating profit margin continued to improve to 2.21%, better than 2.19% for the first half of 2017. Operating profit increased 31% YoY to NT$2,269mn, net profit grew 14% YoY to NT$1,200mn, and weighted average EPS was NT$2.17.

For the outlook of the third quarter of 2018, revenue is expected to be between NT$74bn to NT$78bn, up 46% to 53% YoY, and operating profit margin is expected to be 1.9% to 2.1%. Communication segment is expected to grow strongest QoQ and YoY, thanks to order pull-in from smartphone customer and share gain. All other applications are expected to grow single digit QoQ and double digit YoY, due to stable demand growth.

For the future outlook, WT Microelectronics maintains optimistic view on business outlook and forecasts continued strong growth, due to aggressive market share gain in the trend of semiconductor suppliers’ consolidation. In addition, WT continues to pursue operation efficiency improvement by deep operation management and operating expense control in order to reduce the impact of financial cost increase and target long-term stable earnings growth and shareholder interest maximum.

WT Microelectronics (3036 TT) today announced its monthly sales for June 2018 totaled NT$18.26 billion, an increase of 0.2% from May 2018 and an increase of 28.8% over June 2017. Sales for the second quarter 2018 reached NT$ 53.25 billion, an increase of 7.3% from the first quarter 2018, and an increase of 31.9% over the second quarter 2017. Aggregated sales for January to June 2018 totaled NT$102.88 billion, an increase of 30.7% compared with the same period in 2017.

WT Microelectronics (3036 TT) today announced its unaudited monthly sales for May 2018 totaled NT$18.22 billion, an increase of 8.7% from April 2018 and an increase of 38% over May 2017. Aggregated sales for January to May 2018 totaled NT$84.62 billion, an increase of 31.1% compared with the same period in 2017.

WT Microelectronics (3036 TT) held the Investor Conference today to update the unaudited financial results of the first quarter of 2018 and business outlook. Consolidated revenue for the first quarter of 2018 was NT$49.6bn, up 29.3% YoY, and operating profit margin was 2.10%, both were in line with guidance. Net profit was NT$580mn, up 15.3% YoY, and weighted average EPS was NT$1.05.

For the revenue breakdown by applications in the first quarter of 2018, all applications declined QoQ, due to seasonal customers’ production and inventory adjustment, but maintain double digit YoY growth. Communication sector decreased QoQ most, due to smartphone customers’ inventory correction.

For the outlook of the second quarter of 2018, revenue is expected to be between NT$51bn to NT$55bn, up 26.4% to 36.3% YoY, gross margin is expected to be 4.5% to 4.7%, and operating margin is expected to be 2.1% to 2.3%. All applications except Communication are expected to grow QoQ, due to stable demand growth, while Communication is expected to decline QoQ, due to continued smartphone customers’ production and inventory adjustment. However, all applications are expected to maintain double digit YoY growth.

WT Microelectronics (3036 TT) today announced its unaudited monthly sales for April 2018 totaled NT$16.77 billion, a decrease of 5.5% from March 2018 and an increase of 29.2% over April 2017. Aggregated sales for January to April 2018 totaled NT$66.4 billion, an increase of 29.3% compared with the same period in 2017.

WT Microelectronics (3036 TT) today announced its unaudited monthly sales for March 2018 totaled NT$17.74 billion, an increase of 60.2% from February 2018 and an increase of 30.7% over March 2017. Aggregated sales for the first quarter 2018 totaled NT$49.64 billion, an increase of 29.3% compared with the same period in 2017.

WT Microelectronics (3036 TT) today announced its unaudited monthly sales for February 2018 totaled NT$11.07 billion, a decrease of 46.8% from January 2018 and a decrease of 0.4% over February 2017. Aggregated sales for January to February 2018 totaled NT$31.9 billion, an increase of 28.6% compared with the same period in 2017.

WT Microelectronics (3036 TT) today announced its unaudited monthly sales for January 2018 totaled NT$20.8 billion, an increase of 2.5% from December 2017 and an increase of 52.2% over January 2017.

WT Microelectronics (3036 TT) held the Investor Conference today to update the unaudited financial results of the fourth quarter of 2017 and business outlook. Consolidated revenue for the fourth quarter of 2017 was NT$59.84bn, up 31.7% YoY. Operating margin was 1.81%. Net profit was around NT$700mn.

For the 2017 unaudited financial results, consolidated revenue was NT$189.4bn, up 31.4% YoY. Operating margin was 2.07% and operating profit was around NT$3.9bn, up 48% YoY. Earnings per share was NT$5.26.

For the revenue breakdown by applications in 2017, all applications delivered solid growth performance. Communication sector grew 33% YoY, due to the contribution from new vendor. Computing segment increased 32% YoY, thanks to market share gain and Maxtek’s acquisition. Consumer area grew 26% YoY, in light of the trend of Internet of Thing (IoT) and Maxtek’s acquisition. Industrial sector grew 30% YoY, benefited from strong automation demand. Automotive segment increased 23% YoY, thanks to continued semiconductor content growth.

For the outlook of the first quarter of 2018, revenue is expected to be NT$48bn to NT$51bn, up 25.1% to 32.9% YoY, gross margin is expected to be 4.4% to 4.6%, and operating margin is expected to be 2.0% to 2.2%. All applications are expected to decline QoQ, due to customers’ production and inventory adjustment, but maintain double digit YoY growth. Communication sector is expected to decrease QoQ most, due to smartphone customers’ inventory correction.

For the 2018 outlook, WT Microelectronics maintains optimistic view on business outlook and expects strong growth continuously, thanks to global economies recovery, stable growth of semiconductor industry, and accelerating market share gain under the environment of semiconductor vendors’ consolidation. All applications are expected to show high growth, benefited from Communication infrastructure demand recovery, strong Datacenter growth, smart home demand booming, Industrial automation penetration increasing, and continued Automotive semiconductor content increase. WT Microelectronics will continue improving operation efficiencies, upgrading operation system, enhancing financial control system, and strengthening human resource management in order to improve the capability of value added service in the supply chain and increase long-term return on shareholder value.

WT Microelectronics (3036 TT) today announced its unaudited monthly sales for December 2017 totaled NT$20.3 billion, a decrease of 0.4% from November 2017 and an increase of 35.7% over December 2016. Sales for fourth quarter 2017 reached record high of NT$59.8 billion, an increase of 17.7% from third quarter 2017 and an increase of 31.7% over fourth quarter 2016. Aggregated sales for 2017 also reached record high of NT$189.4 billion, an increase of 31.4% compared with 2016 period.