Author: ur04207

Walsin Lihwa Announces 2024 First Half Financial Results

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Walsin Lihwa Corporation announces its consolidated financial statements of the first half of 2024 on 2nd August. The consolidated net operating revenue reaches NT$88.86 billion.The consolidated gross profit reaches NT$6.82 billion and the consolidated operating income is NT$2.23 billion. The net income after tax reaches NT$3.12 billion. The earnings per share is at NT$0.77.

Established in 1966, Walsin Lihwa dedicates itself to the development of wire and cable, stainless steel, commodity resources, real estate, and renewable energies. As a leader in the wire and cable and the stainless steel industry in the Greater China region, the company has also expanded itself into a multinational conglomerate with hi-tech and energy investments.

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Walsin Lihwa participates in Winbond Electronics Corporation’s cash capital increase

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Walsin Lihwa held a board of directors meeting today (August 2) and resolved to participate in the cash capital increase of Winbond Electronics Corporation (hereinafter referred to as Winbond). The company currently holds approximately 21.99% of Winbond’s shares. Based on the prospects of semiconductor industry development brought by artificial intelligence, and in line with the Walsin’s long-term investment strategy, the board has decided to participate in Winbond’s cash capital increase at a price of NT$21 per share, with a total subscription amount not exceeding NT$3 billion.