Board of Directors of Walsin Lihwa approves 2012 financial report2013.03.21
Taipei, March 21, 2013 — Today Walsin Lihwa held its board meeting, approved its 2012 financial report, and decided to hold its general shareholders’ meeting at 09:00 a.m. on June 11 (Tuesday), 2013, at Ballroom of Grand Victoria Hotel (1F, 168, Jingye 4th Road. Zhongshan District, Taipei City).
Walsin Lihwa’s business in 2012 is less than satisfactory because of the ongoing global slowdown, decreasing prices, and escalating competition in Mainland China. The after-tax income in the 4th quarter of 2012 is NT$320 million. The 2012 consolidated operating revenue is NT$157.44 billion, with a consolidated gross profit of 7.53 billion and an after-tax loss of 3.33 billion, or a loss per share of NT$0.94. The loss is primarily incurred by asset impairments and income tax adjustment.
Walsin Lihwa Corporation, established in 1966, has been the leading manufacturer for copper wires and rods, power cables, and specialty steel in the greater China region.