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2017-11-08

Holy Stone Reports 3rd Quarter EPS of NT$1.25,an increase of 115% QoQ and YoY 

Taipei, Taiwan, R.O.C. – Nov. 8th, 2017Holy Stone Enterprise Co., Ltd. (Holy Stone) (TWSE: 3026), today announced its third quarter result of fiscal year of 2017; financial results reporting earnings per share for the third quarter totaled NT$1.25, after capital reduction earnings per share totaled NT$1.55; accumulated earnings per share totaled NT$2.33, after capital reduction earnings per share totaled NT$3.17. Product portfolio enhancement has led to an increase in operating profit for the third quarter with the gross profit margin reaching 19.2%. This is the highest gross profit margin in the last ten years; an increase of 30.3% QoQ (4.5 percentage point increase QoQ) and 34.2% YoY (4.9 percentage point increase YoY); operating profit margin was 7.4%, an increase of 84.3% QoQ and 125.9% YoY; net income was NT$216 million, an increase of 123.0% QoQ and 119.4% YoY, and attribution to parent company totaled NT$243 million.

 

Holy Stone focused on enduring profit growth, adjusting product portfolio constantly, increasing revenue proportion on Passive Components and decreasing sales of low profit earning products from distributors. This has in turn efficiently improved the operating performance for the third quarter. Distinguishing the revenue of the main product types, the revenue proportion from Passive Components reached new highs in the last five years, contributing to a share of 34% of revenue, an increase of 40% from the share of 25% of revenue in 2016. The other product types are: Systems & Module at 27%, Active Components decreased to 22% and Others at 17%.

 

Looking to the future, with ongoing tight demands of MLCC and constantly devoting the time on developing advanced niche MLCC, Holy Stone is optimistic on its operating performance in the fourth quarter and 2018 and expect to continuously strive for profitable growth.

 

Please see details below:

Unit: Thousand of NTD

Accounts

2017

2017

Growth Rate

(QoQ)

2016

Growth Rate

(YoY)

Q3

Q2

Q3

Net Sales

$3,398,861

$3,172,673

7.1%

$3,543,028

-4.1%

Gross Profit

651,965

467,129

39.6%

506,489

28.7%

Gross Margin

19.2%

14.7%

30.3%

14.3%

34.2%

Operating Profit

252,761

128,006

97.5%

116,643

116.7%

Operating Profit Margin

7.4%

4.0%

84.3%

3.3%

125.9%

Net Income

216,202

    96,971

123.0%

98,520

119.4%

Net Income to Parent Company

242,761

130,010

86.7%

130,078

86.6%

EPS

1.25

0.58

115.5%

0.58

115.5%

EPS (after capital reduction)

       1.55

 

 

Accounts

2017

2016

Growth Rate

(YoY)

January~ Sep.

January~ Sep.

Net Sales

$9,709,728

$9,718,571

-0.1%

Gross Profit

1,552,250

1,421,482

9.2%

Gross Margin

16.0%

14.6%

9.3%

Operating Profit

485,500

336,005

44.5%

Operating Profit Margin

5.0%

3.5%

44.6%

Net Income

399,715

281,937

41.8%

Net Income to Parent Company

498,292

402,499

23.8%

EPS

2.33

1.80

29.4%

EPS (after capital reduction)

         3.17

 
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