WT Microelectronics (3036 TT) (“WT”) held the on-line investor conference today to update the financial results of the first quarter of 2023 and business outlook. Consolidated revenue for the first quarter of 2023 was NT$120.1bn (US$3.95bn approximately), operating profit was NT$1,983mn (US$65.2mn), net profit after tax attributable to owners of the parent was NT$723mn (US$23.8mn approximately), and EPS was NT$0.82 based on weighted average outstanding shares.
For the outlook of the second quarter of 2023, based on the exchange rate assumption of one US dollar to 30.6 NT dollar, mid-point consolidated revenue guidance is expected to be NT$106bn (US$3.46bn approximately). Mid-point net profit after tax attributable to owners of the parent guidance is expected to be NT$802mn (US$26.2mn approximately) and mid-point EPS guidance based on weighted average outstanding shares is expected to be NT$0.6.
The Board of Directors approved common shares dividend distribution for Year of 2022 which dividends belong to. Total amount of cash distributed to shareholders will be NT$3,812mn (US$124.6mn approximately) and cash dividend per share will be NT$4.3. WT has been honored the overall top 5% best result in the governance ranking by TWSE this year for the third time in a row, which shows corporate team work effort of the implementation of corporate sustainability and the promotion of corporate governance have been affirmed.
Global professional market research institution – Gartner published Year 2022 semiconductor distributor ranking report. WT’s market share in Asia Pacific increased 2.8 percentage point from 9.2% in 2021 to 12.0% in 2022. In the past six years, WT has doubled its market share in Asia Pacific from 6.0% in 2016 to 12.0% in 2022. WT will continue to pursue outperformed growth and market share expansion and to execute digital optimization and refine operation management system to improve operation efficiency. WT values corporate sustainability and targets long-term sustainable growth.