Letter to Shareholders
Dear Shareholders,
The year 2022 was an important year for Walsin Lihwa Group, as it deepened the supply chain of nickel resources production and application, completed the international acquisition of Cogne steel plant in Italy, and took the pioneering opportunity to develop the submarine cable business, reaching various strategic development milestones.
Company Profile
Established in 1966, Walsin Lihwa dedicates itself to the development of wire and cable, stainless steel, commodity resources, real estate, and renewable energies. As a leader in the wire and cable and the stainless steel industry in the Greater China region, the company has also expanded itself into a multinational conglomerate with hi-tech and energy investments.
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
Inclusion as a constituent stock in the FTSE4Good TIP Taiwan ESG Index for 4 consecutive years
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
Inclusion as a constituent stock in the FTSE4Good TIP Taiwan ESG Index for 4 consecutive years
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
Walsin Lihwa's 2022 net income of NT$19.4 billion and an EPS of NT$5.45 are a historic high.
Financial Performance
Unit: In Thousands of New Taiwan Dollars, Except Earnings Per Share
| 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|
| Net Revenue | 180,400,719 | 156,664,766 | 112,546,603 | 134,804,405 | 190,915,137 |
| Gross Profit | 17,346,305 | 19,809,465 | 12,468,338 | 9,390,566 | 15,935,365 |
| Profit from Operations | 9,498,714 | 13,345,552 | 7,385,062 | 4,059,474 | 11,026,209 |
| Non-operating Revenue and Expense | 13,903,299 | 5,776,946 | 1,865,603 | 680,793 | 5,644,765 |
| Profit Before Income Tax | 23,402,013 | 19,122,498 | 9,250,665 | 4,740,267 | 16,670,974 |
| Net Profit | 19,140,076 | 15,257,314 | 7,005,801 | 3,783,324 | 11,959,287 |
| Other Comprehensive Income | (2,619,430) | 5,113,693 | 3,338,209 | 915,620 | (3,142,772) |
| Total Comprehensive Income | 16,520,646 | 20,371,007 | 10,344,010 | 4,698,944 | 8,816,515 |
| Net Income Attribute to: | |||||
| Stockholders of the Company | 19,352,097 | 14,642,629 | 6,691,149 | 3,149,679 | 11,756,781 |
| Non-controlling Interests | (212,021) | 614,685 | 314,652 | 633,645 | 202,506 |
| Earnings Per Share | 5.45 | 4.27 | 2.04 | 0.95 | 3.53 |
