Walsin Lihwa Announced November 2020 Sales Report

Walsin Lihwa Corporation announced its net operating revenue for November 2020. The company’s consolidated net operating revenue for November 2020 was NT$9.52 billion. January through November revenue for 2020 totaled NT$100.73 billion.

Walsin Lihwa Corporation, established in 1966, is not only the leading manufacturer of wire & cable, stainless steel, and commodity business in the Greater China region but also a leading real estate developer across the Taiwan Strait.

Walsin Lihwa Announces 2020 First 3 Quarters Financial Results

Walsin Lihwa Corporation announces its consolidated financial statements of the 2020 first 3 quarters financial results on 13th November. The consolidated net operating revenue reaches NT$81.36 billion. The consolidated operating gross profit reaches NT$9.1 billion and the consolidated income from operations is NT$5.56 billion. The net income after tax reaches NT$4.82 billion. The earnings per share is at NT$ 1.46.

Walsin Lihwa Corporation, established in 1966, is not only the leading manufacturer of wire & cable, stainless steel, and commodity business in the Greater China region but also a leading real estate developer across the Taiwan Strait.

TECO and Walsin Lihwa form a strategic alliance through a capital increment by issuing new shares

Walsin Lihwa and TECO strengthen cooperation
A new chapter of smart manufacturing, smart industrial town development, and green energy applications

Taipei, November 20 — A board meeting today at Walsin Lihwa resolved to form a strategic alliance with TECO Electric & Machinery Co., Ltd. through an equity swap to further strengthen the long-term partnership and strategic cooperation between the two companies.

Walsin Lihwa — the power cable and wire industry leader in Taiwan — has recently become a designated supplier of wind turbine cables to Mitsubishi Heavy Industries to make a significant advance in the wind power generation market. TECO — one of the world’s top-five motor manufacturers with solid professionalism in electrical engineering — has also recently been awarded an offshore wind power substation turnkey project by the Copenhagen Infrastructure Partners. Both Walsin Lihwa and TECO have entered the supply chain of the wind sites to the west of Changhua to integrate each other’s strengths and provide total solutions to together grasp the business opportunities of wind power generation in Taiwan and elsewhere in Asia Pacific.

Walsin Lihwa has many years of solar power business presence in the US, where the company provides one-stop shopping service ranging from site development, power system planning, construction, operation, and maintenance with annual revenues of more than US$500 million. On the other hand, TECO’s US subsidiary has a proven solution to energy storage as well as a track record of successful implementation with annual sales of approx. US$300 million. The strategic alliance this time will concurrently integrate the two companies’ potential customer bases as well as their systems for energy creation and storage to synergize their individual strengths locally for rapid expansion into new energy markets.

Walsin Lihwa’s leadership in wires for plant construction and TECO’s rigorous development of various smart factory solutions over the past few years can cater for the robust demands resulting from plant construction by Taiwan businesses returning from overseas recently. The two companies are upbeat about their strengthening cooperation as they will be able to engage in cross-selling by sharing existing customers with each other. The demands for electric vehicle charging and power systems, renewable energy grid connection, and power distribution and transmission optimization are expected to grow rapidly, while the two companies’ respective leads in power cables and wires and electrical engineering have accumulated sufficient technology momentum for them to together develop the smart power grid market.

With the longstanding relation, good mutual trust, long-term cooperation between Walsin Lihwa and TECO, this new round of cooperation aims at emerging industry trends and market commonality to integrate both companies’ individual strengths and existing customer resources to expedite business development and share the synergy from the strengthening cooperation.

TECO and Walsin Lihwa form a strategic alliance through a capital increment by issuing new shares

Taipei, November 20 – Today TECO Electric & Machinery Co., Ltd. and Walsin Lihwa convened a material information press conference at the Taiwan Stock Exchange Corporation, where they announced their resolution to form a strategic alliance through an equity swap to further strengthen their long-term partnership and integrate their individual strengths to enhance both companies’ competitiveness for the next-generation smart power grids, smart manufacturing, and new energy applications. The two companies will integrate their existing customer resources and share the synergy from the new cooperation to expedite business development based on a mutually beneficial principle.

Both companies announced a capital increment by issuing new shares for the equity swap. Walsin will float 205,332,690 new shares in exchange for 171,103,730 new shares of TECO at a ratio of 1:0.83. As a result, Walsin Lihwa will own approx. 8% stake in TECO, which in return will hold approx. 6% stake in Walsin Lihwa.

TECO prides itself on its solid professionalism in electrical engineering, and the company is one of the world’s top-five motor manufacturers also reputed for its green energy, energy management, and smart factory achievements. Walsin Lihwa — the power cable and wire industry leader in Taiwan with its deep roots in the basic material market — has been painstakingly developing smart power grid, solar power, and wind power applications and products over the past few years. The cooperation this time factoring in emerging industry trends and market commonality will further integrate both companies’ strengths to together exploit new industry opportunities based on a mutually beneficial principle.

With the longstanding relation, good mutual trust, long-term cooperation between Walsin Lihwa and TECO, this new round of cooperation aims developing synergy from both companies’ visions, and the strategic alliance is expected to bring in strong growth momentum to the two public companies and create long-term value for their shareholders.

About TECO
Founded in 1956, TECO has diversified itself from a motor manufacturer into an extensive range of industries including heavy electric machinery, home appliances, information technology and communications, as well as dining and service with business presence in more than 40 countries. Becoming a constituent of the Dow Jones Sustainability Index in 2020, TECO strives to develop itself into a world-class brand based on its vision for energy conservation, emission reduction, intellectualization, and automation.

About Walsin
Walsin Lihwa Corporation, established in 1966, is not only the leading manufacturer of wire & cable, stainless steel, and commodity business in the Greater China region but also a leading real estate developer across the Taiwan Strait.

Walsin Lihwa Announced October 2020 Sales Report

Walsin Lihwa Corporation announced its net operating revenue for October 2020. The company’s consolidated net operating revenue for October 2020 was NT$9.67 billion. January through October revenue for 2020 totaled NT$91.21 billion.

Walsin Lihwa Corporation, established in 1966, is not only the leading manufacturer of wire & cable, stainless steel, and commodity business in the Greater China region but also a leading real estate developer across the Taiwan Strait.

Walsin Lihwa Announced September 2020 Sales Report

Walsin Lihwa Corporation announced its net operating revenue for September 2020. The company’s consolidated net operating revenue for September 2020 was NT$10.65 billion. January through September revenue for 2020 totaled NT$81.54 billion.

Walsin Lihwa Corporation, established in 1966, is not only the leading manufacturer of wire & cable, stainless steel, and commodity business in the Greater China region but also a leading real estate developer across the Taiwan Strait.M

Walsin Lihwa Announced August 2020 Sales Report

Walsin Lihwa Corporation announced its net operating revenue for August 2020. The company’s consolidated net operating revenue for August 2020 was NT$8.85 billion. January through August revenue for 2020 totaled NT$70.88 billion.

Walsin Lihwa Corporation, established in 1966, is not only the leading manufacturer of wire & cable, stainless steel, and commodity business in the Greater China region but also a leading real estate developer across the Taiwan Strait.

Walsin Lihwa Announced July 2020 Sales Report

Walsin Lihwa Corporation announced its net operating revenue for July 2020. The company’s consolidated net operating revenue for July 2020 was NT$8.9 billion. January through July revenue for 2020 totaled NT$62.03 billion.

Walsin Lihwa Corporation, established in 1966, is not only the leading manufacturer of wire & cable, stainless steel, and commodity business in the Greater China region but also a leading real estate developer across the Taiwan Strait.

Walsin Lihwa Announces 2020 First Half Financial Results

Walsin Lihwa Corporation announces its consolidated financial statements of the first half of 2020 on 4th August. The consolidated net operating revenue reaches NT$53.14 billion. The consolidated operating gross profit reaches NT$6.22 billion and the consolidated income from operations is NT$3.82 billion. The net income after tax reaches NT$2.99 billion. The earnings per share is at NT$ 0.9.

Walsin Lihwa Corporation, established in 1966, is not only the leading manufacturer of wire & cable, stainless steel, and commodity business in the Greater China region but also a leading real estate developer across the Taiwan Strait.

Walsin Lihwa Announced June 2020 Sales Report

Walsin Lihwa Corporation announced its net operating revenue for June 2020. The company’s consolidated net operating revenue for June 2020 was NT$8.81 billion. January through June revenue for 2020 totaled NT$53.13 billion.

Walsin Lihwa Corporation, established in 1966, is not only the leading manufacturer of copper wires and rods, power cables, and specialty steel in the Greater China region but also a leading real estate developer across the Taiwan Strait.