WPG Holdings Limited

03/11/2025 | Press release | Distributed by Public on 03/11/2025 04:11

WPG (TWSE:3702) Attend Online Investor Conference Held by KGI SECURITIES Today

WPG (TWSE:3702) Attend Online Investor Conference Held by KGI SECURITIES Today

2025/03/11

WPG announces 2024 Fourth Quarter revenue of NT$231.67 billion hitting second highest quarterly record for the period, operating income was NT$3.869 billion, +26.5% and 28% YoY, respectively. Net income was NT$1.622 billion, with EPS of NT$0.96. 2024 revenue of NT$880.552 billion hitting record high, operating income was NT$14.701 billion, +31.1% and 41.4% YoY, respectively. Full-Year net income was NT$7.245 billion, with EPS of NT$4.07.

2024 Fourth Quarter key financial indicators Return on Equity (ROE) was 7.8%, Return on Working Capital (ROWC) was 8.4%.

The above revenue growth benefited from the rapid development of generative AI, the demand for related traditional and AI servers, power supplies, PCs, notebooks, Android phones, and other electronic components has increased, resulting in strong shipments.

For 2025 First quarter, based on an exchange rate assumption of NT$32.8 to the U.S. dollar, WPG forecasts consolidated revenue of NT$200 billion to NT$210 billion, gross margin of 3.6% to 3.8%, operating margin of 1.7 % to 1.9%, net income of NT$1.541 billion to NT$1.634 billion, EPS of NT$0.92 to NT$0.97, so far, the actual number is in line with expectations.

WPG continues to actively engage in ESG, maintaining a leading position within the industry in Taiwan. The Company has been awarded the "Industry Top-Rated" and "Regional Top-Rated" by Morningstar Sustainalytics in 2025, and received A rating from the MSCI ESG Ratings, which is widely used by domestic and foreign institutional investors and funds for three consecutive years in February, demonstrating a high level of recognition for WPG Holdings' commitment to ESG sustainable management.

Driven by the rapid development of generative AI, edge computing, and cloud services, application solutions in traditional and AI server, power, automotive and IoT related field continue to increase, laying a solid foundation for revenue growth. To provide better value-added service and increase market share, 41 application solutions were provided to our customers, including fields in Power (15), Automotive (9), Smart Home (6), Smart City (4), Industrial (3), AIoT(2), Wearable device(1), Consumer (1), focusing on 65W QR USB PD Adapter/ High-Integration Wireless Charging Transmitter IC Module/ SiC MOSFET for 1KW Server Power Management/ New AI Smart Ultra High-Density 65W USB-C PD Charger/ 200W Ultra-Thin Wall-Mounted TV Power Supply/ Asynchronous Boost Controller 160W Design/ 50W Flyback Isolated Smart Fan-Cooled Frost-Free Refrigerator Power Supply/ AI Fatigue Driving Detection/ 10Base T1S High-Pixel Large Headlamp/ CMOS Digital Image Sensor/ Automotive Microphone - Creating Seamless Driving Experiences/ Processor and Surround View Camera System Integration/ 1/4.2-inch Backside Illuminated (BSI) Stacked CMOS Digital Image Sensor/ IP Camera with 2304x1296 Resolution, 30fps, HDR Support/ High-quality Audio Playback/ 8-Port Gigabit Ethernet Switch/ Low Power AOV IPC Solution for Security Front-End Products/ Vision with BSI Technology, High Resolution, and Low-light Performance/ Three-phase Brushless DC Motor Optimization/ 4 Million Pixel IoT Sensor.

Table: WPG Holdings Ltd. Consolidated Financial Statements for the year ended December 31, 2024 (In brief)

Units：NT$million

Income Statement

(year ended December 31, 2024)

Balance Sheet

(December 31, 2024)

Item

Amount

Item

Amount

Operating revenues

880,552

Current Assets

359,545

Cost of Goods Sold

(849,250)

Accounts receivables

166,283

Gross Profit

31,303

Inventories

152,789

Operating Expenses

(16,602)

Other assets

46,448

Operating income

14,701

Total Assets

405,993

Non-op Expenses

(5,467)

Current Liabilities

281,407

Profit Before Tax

9,234

Current Borrowing

125,961

Tax

(1,818)

Accounts payables

134,413

Minority & Others

(171)

LT Liabilities

31,288

Profit After tax

7,245

Total Liabilities

321,622

EPS - Common Stock (Note1)

4.07

Common Stock

16,791

Note1：Based on weighted average outstanding shares.

Total Equity

84,371

Cash Flow Statement

(year ended December 31, 2024)

Item

Amount

Income before Income Tax

9,234

Change in NWC

(35,872)

Operating cash inflow /(outflow)

(25,231)

Investment cash inflow /(outflow)

(3,008)

Change in Financial Debt

35,001

Cash Dividends

(6,277)

Redemption of Preferred Shares

(10,000)

Financing cash inflow /(outflow)

23,877

Cumulative translation adjustments

5,253

Net Cash

892

Beginning cash balance

21,796

Ending cash balance

22,688

IR contacts：Cliff Yuan/ Zoe Peng

Tel：886-2-2191-0068 ext.85268/ext.85262

Email address: [email protected]

Corporate website: www.WPGholdings.com