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2019-05-02

Holy Stone Quarterly Report-2019 Q1 

Holy Stone Enterprise Co., Ltd. (Holy Stone) (TWSE: 3026), today announced its first-quarter result of 2019. Consolidated revenue totaled NT$3.03 billion, gross profit was NT$829 million, gross profit margin comes to 27.3% (1.2 percentage point decrease QoQ), operating profit was NT$260 million, income before tax totaled NT$324 million, net income was NT$257 million, up 137% QoQ yet down 44% YoY; net income attribution to parent company totaled NT$274 million, up 77% QoQ, down 44% YoY. Earnings per share for the first quarter totaled NT$1.73.

 

Due to the slow demand during 2019 Q1, MLCC retailers and clients take more time on destocking, causing decline on customer orders and revenue. Looking into the future, Holy Stone will continue to reinforce products core competitive strength, also adjust product mix flexibly to meet market demand and serve customers with high-value products and service, help the company brings up the operational growth.

 

2019 Q1 Consolidated Financial Statements

Unit: Thousands of NTD, except for EPS

Accounts

2019

2018

QoQ

2018

YoY

Q1

Q4

Q1

Revenue

3,032,206

3,633,243

-17%

3,353,877

-10%

Gross Profit

828,766

1,035,093

-20%

1,021,406

-19%

Gross Margin

27.3%

28.5%

-4%

30.5%

-10%

Operating Expenses

568,996

641,407

-11%

440,592

29%

Operating Profit

259,770

393,686

-34%

580,814

-55%

Non-operating Income

64,686

(89,827)

172%

7,849

724%

Income before Tax

324,456

303,859

7%

588,663

-45%

Net Income

256,648

108,191

137%

455,826

-44%

Net Income to Parent Company

273,664

154,610

77%

489,722

-44%

EPS(NTD)

1.73

0.98

 

3.10

 

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