GWC Reports 2017 Full-Year Results
EPS of NT$12.68 and NT$10 Cash Dividend per Share
Hsinchu, Taiwan, March 20, 2018 – The board of directors of GWC today approved the full-year financial statements ended December 31, 2017. Consolidated revenue was NT$46.2 billion, a 150.8% increase from the previous year. Gross profit was NT$11.8 billion, a 185.9% increase year over year. Operating profit was NT$7.41 billion, a 437.9% increase year over year. Income before tax was NT$6.87 billion, a 411.3% increase from the previous year. Net income attributed to parent company was NT$5.27 billion, a 461.4% increase year over year. Earnings per share was NT$12.68, a pleasing increase more than that of NT$2.54 in 2016. With the remarkable operating performance after the group merger, GWC records high again for revenue, operating margin, net income and EPS in 2017.
The GWC Board today also adopted a proposal recommending a historical high cash dividend of NT$10 per common share to celebrate the good harvest of the company in 2017. The 2018 AGM of GWC will convene at 9: 00 a.m. on June 25, 2018 at Science Park Life Hub.
GWC is now the Top 3 semiconductor silicon manufacturer and one of the main providers for tier 1 semiconductor corporations all over the world after the acquisition of SunEdison Semiconductor in December 2016. In addition, it took merely four months for GWC to work on a turnaround for SunEdison Semiconductor with a succession of group organization strengthening, new team integration, resource reallocation and cost control, which all led to a prompt development of the entire business group and good results from the merger. Moreover, loans for the acquisition of SunEdison Semiconductor have all been paid down within one year after the merger by the end of 2017.
Looking to the future, silicon wafers will continue to experience tight supply in 2018, driven by robust demand from the semiconductor industry. GWC is receiving trust and recognition from worldwide customers through its outstanding technology and capacity. In addition to current silicon wafers, GWC’s new developed products of the next generation such as SiC and GaN have started production after several years’ development as well in response to the rapid growth of demand for 5G and automotive electronics applications etc. GWC is optimistically seeing strength and profitable future across the business.
GlobalWafers Co., Ltd.
Spokesman: Chungwei Lee, Vice President, Corporate Development
TEL: +886-3-577-2255 EXT: 2291
Deputy: Jason Chien, CFO
TEL: +886-3-577-2255 EXT: 2379