WT Microelectronics (3036 TT) held the on-line Investor Conference today to update the financial results of the fourth quarter of 2020 and business outlook. Consolidated revenue for the fourth quarter of 2020 was NT$109.1bn, operating profit was NT$1,568mn, net profit was quarterly record high NT$1,238mn, up 75% year on year, and EPS was NT$1.57 based on weighted average outstanding shares. Consolidated revenue for the year of 2020 was NT$353.1bn, operating profit was NT$5,316mn, net profit was also record high NT$3,795mn, up 50% year on year, EPS was NT$5.22 based on weighted average outstanding shares and pro-forma EPS was NT$4.81 based on year-end outstanding shares.
For the outlook of the first quarter of 2021, revenue is expected to be between NT$90bn to NT$100bn, up 16% to 29% year on year. Smartphone segment is expected to decline quarter on quarter due to seasonal inventory adjustment but grow year on year. All other segments including Computing, Consumer, Industrial, and Automotive are expected to grow both quarter on quarter and year on year thanks to solid demand sustained.
Pandemic is accelerating global digitalization pace. Climate change results in extreme climate frequently. For these challenges, WT continues executing Digital Transformation to improve operation efficiency by using intelligent operation management system. WT will continue pursuing sustainable growth by expanding value added service and market share increase.