The GWC board of directors today (March 17) reported its 2015 financial statements. Consolidated revenue was NT$15.31 billion, decreased by 3.8% compared to year 2014. Gross margin increased to NT$4.07 billion by 9.3%; operating income was NT$2.68 billion, increasing by 14.9%. Profit before tax was NT$2.81 billion, an increase of 4.8%. Net income was NT$2.04 billion and EPS achieved NT$5.8! Furthermore, the board of directors also approved cash dividend proposal by distributing NT$5.0 cash dividend per common share! Founded in 2011, GWC has paid more than NT$5.0 cash dividend per share for the last three consecutive years to share its outstanding performance with all shareholders!
Looking back at the global semiconductor market in 2015, demand decreased in terminal products, such as smart phones and consumer electronic devices, resulted in a decline in the industry. Regardless of market depression, GWC still brought out a brilliant performance on its operating and profit by breaking through all obstacles. The Company also earned the number two ranking for the global semiconductor wafer industry in 2015 with its impressive gross margin and net income. For 2016 following the wave of IoT and component demand for vehicles, consumption, smart phones, memory as well as new device application required by high level products, the semiconductor market shows signs of recovery and is likely to return to a better future with steady growth. GWC, benefited from all related new application markets, is delighted to expect steady performance for this year.
With the positive demand for 8 and 12 inches wafers, the GWC group intends to improve manufacturing equipment with the capital expenditure of this year. Production capacity of 8-inch wafer is expected to increase 10% to 15% and the other 10% for the 12-inch fab. To meet the demanding growth of the semiconductor market, GWC will not only increase its capital expenditure but upgrade the product portfolio by producing niches of high unit price, high gross margin with diverse marketing strategies plus advantages from the resource integration of the group to reduce operation costs, in an attempt to continue our growth capability of high revenue challenges.
Looking to the future, upcoming business opportunities of new technologies including internet of things, vehicle electronics devices, smart home, health care, and IoT devices etc. will motivate the largest energy of growth for the semiconductor market in the future. To catch up with the new technologies and trends of new devices, GWC is well committed to developing advanced research and high value-added items so as to enhance our market competitiveness through product differentiation and global patent strategy. The GWC group will keep moving forward with our technology capability and innovation and attest to our effort in expanding our worldwide business scale and becoming a benchmark enterprise of the world.
The 2016 AGM of GWC will convene at 9: 00AM on June 22, 2016 at Science Park Life Hub.
GlobalWafers Co., Ltd.
Spokesman: William Chen
TEL: 886-3-577-2255 EXT: 2280
Deputy: Jason Chien
TEL: 886-3-577-2255 EXT: 2379
www.sas-globalwafers.com
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