Walsin Lihwa Announces 2017 First Half Financial Results2017.08.04
Walsin Lihwa Corporation announces its consolidated financial statements of the first half of 2017 on 4th August. The consolidated net operating revenue reaches NT$75.78 billion. The consolidated operating gross profit reaches NT$3.72 billion. The consolidated income from operations is NT$1.82 billion, and an after-tax profit of NT$1.51 billion, earnings per share at NT$ 0.45.
In the second quarter of this year, the chromium price plummet in Mainland China affected both the price and sales volume of stainless steel plate products at Walsin Lihwa, with the earnings from such products lower than those in the previous quarter and the same period last year. The chromium price has been gradually stabilizing since July to help stainless steel product prices go steadier and, in general, the July shipment of stainless steel products improved from that in May and June.
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.