WT Microelectronics (3036 TT) (“WT”) held the on-line investor conference today to update the financial results of the third quarter of 2022 and business outlook. Consolidated revenue for the third quarter of 2022 was NT$155.7bn (US$5.15bn approximately), up 31% year on year, net profit after tax attributable to owners of the parent was NT$2,058mn (US$68.1mn approximately), down 11% year on year, and EPS was NT$2.34 based on weighted average outstanding shares. Accumulated consolidated revenue for the first to third quarter of 2022 was NT$413.7bn (US$14.14bn approximately), up 30% year on year, net profit after tax attributable to owners of the parent was NT$6,483mn (US$221.5mn approximately), up 11% year on year, and EPS was NT$7.33 based on weighted average outstanding shares.

For the outlook of the fourth quarter of 2022, consolidated revenue is expected to be between NT$145bn to NT$155bn (US$4.50bn to US$4.81bn approximately), up 16.2% year on year at mid-point. Net profit after tax attributable to owners of the parent is expected to be between NT$949mn to NT$1,283mn (US$29.5mn to US$39.8mn approximately) and EPS based on weighted average outstanding shares is expected to be between NT$1.08 to NT$1.46.

Despite of the global macro economies and semiconductor industry in the down-cycle, WT keeps optimistic view on the long term demand growth outlook of semiconductor market. WT will continue cultivating the high-growth products and applications such as Wide Band Gap (WBG), electric vehicle, energy management, cloud datacenter, and 5G related products to pursue outperformed growth and market share expansion. In addition, WT will continue executing digital optimization and refining operation management system to improve operation efficiency.

WT Microelectronics (3036 TT) today announced its unaudited monthly sales for September 2022 totaled NT$63.7 billion (US$2,079 million approximately), an increase of 41% from August 2022 and an increase of 51% over September 2021, set new record for monthly revenue. Sales for the third quarter 2022 reached NT$155.7 billion (US$5,150 million approximately), an increase of 20% from the second quarter 2022, and an increase of 31% over the third quarter 2021, set new record for quarterly revenue. Sales for the third quarter is above the high end of guidance (NT$132 billion ~ NT$140 billion) due to the completion of Excelpoint acquisition and its revenue booked in September, and strong orders from smartphone customers in hot season. Aggregated sales for January to September 2022 totaled NT$413.7 billion (US$14.1 billion approximately), an increase of 30% compared with the same period in 2021.

WT Microelectronics (3036 TT) today announced its unaudited monthly sales for August 2022 totaled NT$45.1 billion (US$1,500 million approximately), a decrease of 4% from July 2022 and an increase of 12% over August 2021. Aggregated sales for January to August 2022 totaled NT$350 billion (US$12.1 billion approximately), an increase of 27% compared with the same period in 2021.

WT Microelectronics (3036 TT) today announced its unaudited monthly sales for July 2022 totaled NT$46.8 billion (US$1,570 million approximately), an increase of 8% from June 2022 and an increase of 29% over July 2021. Aggregated sales for January to July 2022 totaled NT$304.9 billion (US$10.6 billion approximately), an increase of 29% compared with the same period in 2021.

WT Microelectronics (3036 TT) (“WT”) held the on-line investor conference today to update the financial results of the second quarter of 2022 and business outlook. Consolidated revenue for the second quarter of 2022 was NT$130.1bn (US$4.42bn approximately), up 27% year on year, net profit after tax attributable to owners of the parent was NT$2,206mn (US$74.9mn approximately), up 10% year on year, and EPS was NT$2.25 based on weighted average outstanding shares. Consolidated revenue for the first half of 2022 was NT$258bn (US$8.99bn approximately), up 29% year on year, net profit after tax attributable to owners of the parent was NT$4,424mn (US$154.1mn approximately), up 26% year on year, and EPS was NT$5.0 based on weighted average outstanding shares.

For the outlook of the third quarter of 2022, because semiconductor market is in inventory adjustment period, consolidated revenue is expected to be between NT$132bn to NT$140bn (US$4.41bn to US$4.68bn approximately), up 4.5% quarter on quarter and 14.2% year on year at mid-point. Net profit after tax attributable to owners of the parent is expected to be between NT$1,762mn to NT$2,103mn (US$59.0mn to US$70.3mn approximately) and EPS based on weighted average outstanding shares is expected to be between NT$2.01 to NT$2.39.

Despite of the recent global macro economies and semiconductor industry in the down-cycle, WT will continue investing in the high-growth products and applications such as Wide Band Gap (WBG), electric vehicle, energy management, cloud datacenter, and 5G related products to pursue continued market share expansion and sustainable operating profit growth in the long-term.

WT Microelectronics (3036 TT) today announced its unaudited monthly sales for June 2022 totaled NT$43.4 billion (US$1,466 million approximately), an increase of 3% from May 2022 and an increase of 31% over June 2021. Sales for the second quarter 2022 reached NT$130.1 billion (US$4,416 million approximately), above the high-end of guidance of NT$124bn , an increase of 2% from the first quarter 2022, and an increase of 27% compared with the second quarter 2021. Aggregated sales for January to June 2022 totaled NT$258.1 billion (US$8,988 million approximately), an increase of 29% compared with the same period in 2021.

WT Microelectronics (3036 TT) today announced its unaudited monthly sales for May 2022 totaled NT$42.3 billion (US$1,426 million approximately), a decrease of 5% from April 2022 and an increase of 28% over May 2021. Aggregated sales for January to May 2022 totaled NT$214.6 billion (US$7,522 million approximately), an increase of 29% compared with the same period in 2021.

WT Microelectronics (3036 TT) (“WT”) held 2022 shareholders annual general meeting (AGM) today and re-elected the tenth term directors. Physical meeting and videoconferencing were held simultaneously for the first time due to current pandemic situation.

The period of the ninth term directors will end as of June 20, 2022. The tenth term directors re-election was held and AGM elected Cheng, Wen-Tsung, Hsu, Wen-Hung (representative of Wen You Investment Co., Ltd.), Lin Che-Wei (representative of ASMedia Technology Inc.), Sung Kao, Hsin-Ming as directors, and elected Ding, Kung-Wha, Cheng, Tien-Chong, Kung, Ju-Chin as independent directors. There are three female board members and ratio of female board members is 43%. Following the commitment of a diversified board of directors, the elected directors and independent directors have rich professional qualifications in the fields of technology industry, management, finance and taxation, accounting, commerce and so on.

In response to the FSC’s encouragement of issuers to hold AGM in a diversified manner, WT used videoconferencing assisted (hybrid) methods to hold AGM for the first time, so that shareholders can participate in AGM with peace of mind and pandemic prevention. The physical venues have also followed the guidelines of the competent authorities for pandemic prevention operations. The regulations include measuring temperature & sanitizing hand, planning queuing and entry & exit lines, maintaining social distance, adopting fixed seating, requiring the wearing of masks and prohibiting eating & drinking, and so on.

In addition to the approval of the 2021 business report and financial statements and 2021 earnings distribution of cash dividends, AGM passed the amendments to the “Articles of Incorporation”, “The Rules of Procedure of the Shareholders’ Meeting” and the “Procedures for the Acquisition or Disposal of Assets”. In addition, AGM also passed the issuance of new Restricted Employee Shares and cash capital increase within 80 million common shares. All proposals were passed smoothly.

WT has been honored the overall top 5% best result in the 8th governance ranking by TWSE. WT has won these performance for the second time in a row, which shows corporate team work effort of the implementation of corporate sustainability and the promotion of corporate governance have been affirmed again.

Looking forward to Year 2022, Cheng, Wen-Tsung, chairman of WT, said that in the face of the continued global pandemic, the transformation of the technology supply chain and the acceleration of global digitization, WT will continue to improve the layout of the Asia Pacific semiconductor market and enlarge market share and profitability.

WT Microelectronics (3036 TT) (“WT”) held the on-line investor conference today to update the financial results of the first quarter of 2022 and business outlook. Consolidated revenue for the first quarter of 2022 was NT$127.9bn (US$4.57bn approximately), up 31% year on year, net profit after tax attributable to owners of the parent was NT$2,218mn (US$79.3mn approximately), up 47% year on year, and EPS was NT$2.77 based on weighted average outstanding shares.

For the outlook of the second quarter of 2022, consolidated revenue is expected to be between NT$116bn to NT$124bn (US$3.96bn to US$4.23bn approximately), up 17.5% year on year at mid-point. Operating profit margin is expected to be 2.6% to 2.8%. For the outlook by applications, mobile phone segment is expected to decline quarter on quarter due to continued seasonal inventory adjustment. Non mobile phone segments are expected to grow slightly quarter on quarter and double-digit year on year due to sustained demand, especially stronger quarter on quarter and year on year growth for star applications like Automotive, Industrial & Instrument, and Communication that WT has invested significant resource.

According to Gartner, during year 2016 to 2021, APAC semiconductor industry share continues increasing, portion of APAC semiconductor distribution industry continues rising, and WT’s market share in APAC semiconductor distribution industry has increased from 6.0% to 10.1%, who is the company with the strongest market share gain. Despite of the recent uncertainty of global macro economies and geopolitical issue, WT keeps optimistic view on the long-term demand growth outlook of semiconductor market. WT will continue investing in high growth product applications such as electric vehicle, energy management, cloud datacenter, and 5G related products to pursue continued market share increase and sustainable profit growth in the long-term.

WT has honored the overall top 5% best result in the 8th governance ranking. WT has won these performance the second time in a row, which shows corporate team work effort obtaining affirmation. According to the top 4 performance indicators, which are maintaining shareholder equity, strengthening board of director structure and operation, improving information transparency, and implementing corporate social responsibility, WT will continue reviewing and improving in order to further enhance corporate governance performance.

WT Microelectronics (3036 TT) today announced its unaudited monthly sales for April 2022 totaled NT$44.3 billion (US$1,523 million approximately), a decrease of 6% from March 2022 and an increase of 24% over April 2021. Aggregated sales for January to April 2022 totaled NT$172.3 billion (US$6,096 million approximately), an increase of 29% compared with the same period in 2021.