News

Taipei, Taiwan, R.O.C. – May 6, 2014Holy Stone Enterprise Co., Ltd. (Holy Stone) (TWSE: 3026), a passive component manufacturer and an IC distributor, today announced its 2014 first-quarter financial results reporting a net income after income tax of Parent Company of NT$176 million,  an increase of 31.4% QoQ, and increase of 4.60% YOY. Earnings per share totaled NT$0.79.

Holy Stone’s first quarter revenue totaled NT$3,848 million, a decrease of 9.82% QoQ and an over expected increase of 16.11% YoY; gross margin was 12.7%, up 2.1 percentage points from previous quarter (10.6 % in fourth-quarter, 2013). First quarter net income was 196 million, an increase of 85.53% QoQ, an increase of 23.96% YoY, Operating margin was 5.10%, up 2.6 percentage points from previous quarter (2.5 % in fourth-quarter, 2013)..

The key factor driving sales of first quarter to be over expectation came from improvement of product portfolio. In terms of product portfolio; Passive Component shared 28% the total; Active Component at 30%; System & Module at 15%; Other application shared 27%. On the subject of application, Communication Industry shared 52% of total; Automotive and Industrial industry at 23%; Information industry at 12% and Consumer Electronic industry at 7%.

Holy Stone’s 2014 first quarter compared to 2013 fourth quarter and 2013 first quarter results are as follows: 
Unit: Thousands of NTD