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Holy Stone Enterprise Co., Ltd. (Holy Stone) (TWSE: 3026), today announced its first-quarter result of 2018. Consolidated revenue totaled NT$3,354 million, and gross profit was NT$1,021 million, up 18% QoQ and 136% YoY; the gross profit margin reached 30.5%, up 19% QoQ (4.9 percentage point increase QoQ) and 121% YoY (16.7 percentage point increase YoY); operating profit was NT$581 million, up 46% QoQ and 455% YoY; net income was NT$456 million, up 35% QoQ and 427% YoY; net income attribution to parent company totaled NT$490 million, up 29% QoQ and 290% YoY; and earnings per share for the first quarter totaled NT$3.1, up 29% QoQ and 292% YoY.
As a result of breakthrough in R&D capability and innovation, passive components continued to expand in high-end niche market for power supplies such as automotive, industrial control, lighting, and chargers. This has lead to an outstanding operating performance in the first quarter, and net profit after tax reached record high.
Looking to the future, with the improvement on product technology capability and the expansion of production capacity, we are optimistic that operating performance will thrive quarter on quarter in 2018.
Unit: Thousands of NTD, except for EPS
|
Accounts |
2018 |
2017 |
QoQ |
2017 |
YoY |
|
Q1 |
Q4 |
Q1 |
|||
|
Net Sales |
3,353,877 |
3,399,109 |
-1% |
3,138,194 |
7% |
|
Gross Profit |
1,021,406 |
868,716 |
18% |
433,156 |
136% |
|
Gross Margin |
30.5% |
25.6% |
19% |
13.8% |
121% |
|
Operating Expenses |
440,592 |
470,033 |
-6% |
328,423 |
34% |
|
Operating Profit |
580,814 |
398,683 |
46% |
104,733 |
455% |
|
Income before Tax |
588,663 |
420,768 |
40% |
112,815 |
422% |
|
Net Income |
455,826 |
337,723 |
35% |
86,542 |
427% |
|
Net Income to Parent Company |
489,722 |
380,561 |
29% |
125,521 |
290% |
|
EPS(NTD) |
3.10 |
2.41* |
29% |
0.79* |
292% |
