Hsinchu, Taiwan, August 8, 2017 – GWC today announced financial results for the second quarter ended June 30, 2017. Consolidated revenue was NT$11.2 billion, a 5.9% increase from NT$10.58 billion in the previous quarter and a significant increase of 187.1% from NT$3.9 billion in the same period last year. Gross profit was NT$2.76 billion, a 30% increase from Q1 and 162.8% year over year. Operating profit was NT$1.7 billion, a 59.3% increase from Q1 and 168% year over year. Net income came to NT$1.29 billion, a giant increase of 270.4% from Q1 and 185.9% year over year. Earnings per share after tax for Q2 were NT$3.09, higher than that of NT$0.95 for Q1 and NT$1.22 for the previous year.
GWC consolidated financial results for the 1H: year over year, accumulated consolidated revenues totaled NT$21.79 billion, an increase of 188.5% from NT$7.55 billion. Gross profit was NT$4.88 billion, an increase of 158.6% from NT$1.89 billion. Operating profit was NT$2.78 billion, an increase of 159.3% from NT$1.07 billion. Net income attributed to parent company was NT$1.64 billion, an increase of 121.9% from NT$0.74 billion. EPS was NT$4.17, a significant increase of NT$2.17 from NT$2. All of these reflect a brilliant performance of the GWC group.
After the merger with SunEdison Semiconductor from December 2, 2016, gross profit of Q1 and Q2 2017 has improved from 20% to 25%. Operating profit of Q1 and Q2 also rose to 11% and 15% from the loss of Q4 last year. With good cost/expenses management and ASP hikes, GWC has successfully turned SunEdison Semiconductor to profit within a very short time.
Current semiconductor silicon wafer supply is very tight. Strong demand being driven by the global semiconductor market, global silicon wafer shipments in addition have increased for five consecutive quarters to a record high. As many new 12” production lines will ramp up in the next 2 to 3 years worldwide, especially in China, this kind of booming market will definitely make the wafer supply much tighter.