WT Microelectronics (3036 TT) held the on-line Investor Conference today to update the financial results of the fourth quarter of 2021 and business outlook. Consolidated revenue for the fourth quarter of 2021 was NT$129bn (US$4.63bn approximately), net profit was NT$2.1bn (US$75.7mn approximately), up 70% year on year, and EPS was NT$2.66 based on weighted average outstanding shares. Consolidated revenue of year 2021 was NT$447.9bn (US$15.99bn approximately), net profit was NT$7.9bn (US$282.9mn approximately), up 109% year on year, and EPS was NT$9.96 based on weighted average outstanding shares.
For the outlook of the first quarter of 2022, consolidated revenue is expected to be between NT$115bn to NT$121bn (US$4.14bn to US$4.35bn approximately), up 21% year on year at mid-point. Operating profit margin is expected to be 2.25% to 2.45%. For the outlook by applications, mobile phone segment is expected to decline double-digit quarter on quarter but grow year on year due to seasonal inventory adjustment. Non mobile phone segments are expected to grow high-single-digit quarter on quarter and over 20% year on year approximately due to continued solid 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.
WT’s consolidated revenue in terms of US dollar has increased at 28.3% CAGR during year 2016 to 2021, stronger than professional research institution – Gartner’s data of 9.7% CAGR for global semiconductor market during same period. This proves that WT continues to deliver solid market share expansion. 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, datacenter, and 5G products to pursue outperformed growth and market share increase. In addition, WT will continue executing digitalization to improve operation efficiency and reduce operating expense ratio for the long-term sustainable operating margin improvement and profit growth.