Letter to Shareholders
Dear Shareholders,
The Company's operations in 2021 have been affected by the ups and downs of the COVID-19 pandemic in the past three years, as well as the new situation of regional economic development. In response to the risk of climate change, with the goal having moved from carbon neutrality to net zero emissions, corporate management is not only the pursuit of the best interests of shareholders, and ESG has become the most important responsibility of corporate sustainable management.
Company Profile
Walsin Lihwa Corporation, established in 1966, is not only the leading manufacturer of wire & cable, stainless steel, and resources business in the Greater China region but also a leading real estate developer across the Taiwan Strait.
Highlights
Top 5 %
Ranked in the Top 5% in Corporate Goverance Award
Top 50
Ranked in the Top 50 of Taiwan Corporate Sustainability Award and Sustainability Report Platium Award
ESG
Included as a constituent stock in the FTSE4Good TIP Taiwan ESG Index
Credit Rating
Received a twA- long-term credit rating and a twA-2 short-term credit rating from Taiwan Ratings Corp.
Top 5 %
Ranked in the Top 5% in Corporate Goverance Award
ESG
Included as a constituent stock in the FTSE4Good TIP Taiwan ESG Index
Top 50
Ranked in the Top 50 of Taiwan Corporate Sustainability Award and Sustainability Report Platium Award
Credit Rating
Received a twA- long-term credit rating and a twA-2 short-term credit rating from Taiwan Ratings Corp.
Business Report
In 2021, the Company's net income amounted to NT$14.6 billion and earnings per share were NT$4.27, delivering the best operating performance in its history.
Financial Performance
Unit: In Thousands of New Taiwan Dollars, Except Earnings Per Share
| 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|
| Net Revenue | 156,664,766 | 112,546,603 | 134,804,405 | 190,915,137 | 167,792,585 |
| Gross Profit | 19,809,465 | 12,468,338 | 9,390,566 | 15,935,365 | 12,004,831 |
| Profit from Operations | 13,345,552 | 7,385,062 | 4,059,474 | 11,026,209 | 7,895,645 |
| Non-operating Revenue and Expense | 5,776,946 | 1,865,603 | 680,793 | 5,644,765 | 1,498,803 |
| Profit Before Income Tax | 19,122,498 | 9,250,665 | 4,740,267 | 16,670,974 | 9,394,448 |
| Net Profit | 15,257,314 | 7,005,801 | 3,783,324 | 11,959,287 | 6,694,013 |
| Other Comprehensive Income | 5,113,693 | 3,338,209 | 915,620 | (3,142,772) | 2,786,719 |
| Total Comprehensive Income | 20,371,007 | 10,344,010 | 4,698,944 | 8,816,515 | 9,480,732 |
| Net Income Attribute to: | |||||
| Stockholders of the Company | 14,642,629 | 6,691,149 | 3,149,679 | 11,756,781 | 6,559,984 |
| Non-controlling Interests | 614,685 | 314,652 | 633,645 | 202,506 | 134,029 |
| Earnings Per Share | 4.27 | 2.04 | 0.95 | 3.53 | 1.97 |
