Walsin Lihwa Corporation held board meeting today(March 15), which approved the company’s 2009 financial statements audited by CPA. The Net income after tax reached approx. NT$1.44 billion with EPS of NT$0.47. The board meeting also decided to hold the annual shareholders’ meeting at 9:00 am on June 4 (Fri,), at the Grand Victoria Hotel.

With the gradual economy recovery beginning the 2nd quarter last year, copper and nickel prices have been increasing to help generate outstanding sales of copper and stainless steel products at Walsin Lihwa. The stand-alone operating revenue of year 2009 is NT$61.41 billion with the consolidated operating revenue of NT$132.96 billion. The stand-alone gross profit is NT$5.11 billion with the consolidated gross profit of NT$9.68 billion. The stand-alone income from operations is NT$3.71 billion with the consolidated income from operations of NT$5.45 billion. Net income after tax is NT$1.44 billion and Earnings per share is NT$0.47. 

Established in 1966, Walsin Lihwa is committed to the manufacture and R&D of copper cables and wires, power cables and wires, and specialty steel products. The company is a leader of power cables and wires as well as specialty steel products in the Greater China market.