Board meeting of Walsin Lihwa approves 2016 financial statements

Taipei, February 17– A board meeting of Walsin Lihwa today approved the company’s 2016 financial statements. The meeting also decided to hold the 2017 general shareholders’ meeting at 09:00 a.m. on May 26 (Fri.), 2017, at multifunctional hall, 1st Floor, No. 15, 168 Lane, Xingshan Road, Neihu District, Taipei City.

The global economy was stable in 2016 and Walsin Lihwa also had a stable growth. The wire and cable business showed steady profitability, while the increased sales and gross profit at the stainless steel business benefited from an overall balance between supply and demand. The 2016 consolidated operating revenue is approx. NT$143.355 billion, with a consolidated gross profit of NT$9.56 billion. The net income after tax is approx. NT$4.5 billion with EPS of NT$1.33 and a cash dividend of NT$0.7 per share is planned.

Walsin Lihwa Announced January 2017 Sales Report

Walsin Lihwa Corporation announced its net operating revenue for January 2017. The company’s consolidated net operating revenue for January 2017 was NT$ 11.42 billion.

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.