Compal Electronics, Inc. (“Compal”) (TAIEX: 2324) today announced Year 2017 consolidated financial results. Consolidated revenue in 2017 totaled NT$887,657 million, +16% YoY, help by the PC demand recovery and the growth of smart device business. Consolidated operating profit was NT$9,208 million, -17% YoY, mainly impacted by the one-time loss from China smartphone customer in 1H17. Net profit attributed to the parent company was NT$5,750 million, -29% YoY. EPS was NT$1.32 in 2017.
Given the seasonality, 4Q17 consolidated revenue was +10% QoQ and +16% YoY to NT$254,840 million. Operating profit was -16% QoQ to NT$2,446 million, due to continued impacts from the higher component pricing, labor shortage and product mix. Net profit contributed to the parent company was NT$2,098 million, -10% QoQ and -20% YoY. EPS was NT$0.48 in 4Q17.
Compal Electronics, Inc.─Statement of Comprehensive Income (Consolidated) (NT$ Million)
|
2017 |
2016 |
YoY |
||
|
Amount |
% |
Amount |
% |
% |
Net sales |
887,657 |
100.0% |
766,810 |
100.0% |
16% |
Gross margin |
31,965 |
3.6% |
32,837 |
4.3% |
-3% |
Operating margin |
-1,094 |
|
749 |
|
|
Non-op items |
8,114 |
0.9% |
11,813 |
1.5% |
-31% |
Pre-tax income |
6,158 |
0.7% |
8,969 |
1.2% |
-31% |
Net income |
6,158 |
0.7% |
8,969 |
1.2% |
-31% |
Net income to Parent |
5,750 |
0.6% |
8,131 |
1.1% |
-29% |
EPS (NT$) |
1.32 |
|
1.88 |
|
|
4Q 2017 |
3Q 2017 |
QoQ |
4Q 2016 |
YoY |
||||
|
Amount |
% |
Amount |
% |
% |
Amount |
% |
% |
Net sales |
254,840 |
100.0% |
231,609 |
100.0% |
10% |
219,339 |
100% |
16% |
Gross margin |
8,391 |
3.3% |
7,940 |
3.4% |
6% |
9,036 |
4.1% |
-7% |
Operating margin |
2,446 |
1.0% |
2,920 |
1.3% |
-16% |
2,409 |
1.1% |
2% |
Non-op items |
141 |
|
58 |
|
|
1,337 |
|
|
Pre-tax income |
2,587 |
1.0% |
2,978 |
1.3% |
-13% |
3,746 |
1.7% |
-31% |
Net income |
2,186 |
0.9% |
2,447 |
1.1% |
-11% |
2,786 |
1.3% |
-22% |
Net income to Parent |
2,098 |
0.8% |
2,324 |
1.0% |
-10% |
2,613 |
1.2% |
-20% |
EPS (NT$) |
0.48 |
|
0.53 |
|
|
0.61 |
|
Compal Electronics, Inc.
Gary Lu
CFO, Senior vice president and Spokesman
+886-2-87978588