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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.

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Unit: Thousand of NTD