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2019-11-07

Holy Stone 2019 Q3 Operating Results 

Holy Stone Enterprise Co., Ltd. (Holy Stone) (TWSE: 3026), today announced its third-quarter result of 2019. Consolidated revenue totaled NT$4,053 million, and gross profit was NT$817 million; gross profit margin reached 20.1%, up 2% QoQ (0.4 percentage point increase QoQ); operating profit was NT$402 million, income before tax was NT$400 million, net income comes to NT$319 million; net income attribution to parent company totaled NT$343 million, increase 30% QoQ. Earnings per share for the third quarter totaled NT$2.17. Accumulated basic earnings per share for first three quarters in 2019 are NT$5.57.

 

Distinguishing Q3 revenue by main product types are listed in the following: Passive components at 33%, Active Components at 19%, Systems & Module at 25%, and Others at 23%.

 

Benefit from the industry hot season and market recovery of passive components, profit earned in 2019Q3 has increased 30% from last quarter. Looking into Q4, market inventory for passive components have been degrading gradually, and factory utilization rate has increased steadily due to continuous rush orders. Sino-US Trade War is still an ongoing problem; therefore uncertainties still exist in the long-term market demand. Holy Stone will continue to keep an eye on the whole situation and respond properly, also increase sales on niche products, to maintain company operating growth.

 

Unit: Thousands of NTD, except for EPS

Accounts

2019

2019

QoQ

2019

Q3

Q2

Q1-Q3

Revenue

4,053,002

3,752,587

8%

10,837,795

Gross Profit

816,619

739,878

10%

2,385,263

Gross Margin

20.1%

19.7%

2%

22.0%

Operating Expenses

414,761

430,724

-4%

1,414,481

Operating Profit

401,858

309,154

30%

970,782

Non-operating income

(2,218)

35,353

-106%

97,821

Income before Tax

399,640

344,507

16%

1,068,603

Net Income

318,682

216,467

47%

791,797

Net Income to Parent Company

342,542

263,835

30%

880,041

EPS(NTD)

2.17

1.67

30%

5.57

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