Walsin Lihwa Announced October 2022 Sales Report

Walsin Lihwa Corporation announced its net operating revenue for October 2022. The company’s consolidated net operating revenue for October 2022 was NT$14.05 billion. January through October revenue for 2022 totaled NT$150.48 billion.

Walsin Lihwa Corporation, established in 1966, is not only an industry leader of wire and cable, stainless steel, resources business and renewable energy in the Greater China region but also a leading real estate developer across the Taiwan Strait.

Walsin Lihwa Announces 2022 First 3 Quarters Financial Results

Walsin Lihwa Corporation announces its consolidated financial statements of the first 3 quarters of 2022 on 4th November. The consolidated net sales revenue reaches NT$136.67 billion. The consolidated gross profit reaches NT$13.88 billion and the consolidated operating income is NT$8.17 billion. The net income reaches NT$18.75 billion. The earnings per share is at NT$ 5.37.

Walsin Lihwa Corporation, established in 1966, is not only an industry leader of wire and cable, stainless steel, resources business and renewable energy in the Greater China region but also a leading real estate developer across the Taiwan Strait.

Walsin Lihwa Announced September 2022 Sales Report

Walsin Lihwa Corporation announced its net operating revenue for September 2022. The company’s consolidated net operating revenue for September 2022 was NT$14.02 billion. January through September revenue for 2022 totaled NT$136.43 billion.

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

Walsin Lihwa’s investment in Italian steelmaker CAS receives the Italian government acquisition approval

Taipei, September 29 — Walsin Lihwa’s equity investment in Cogne Acciai Speciali (CAS) in Italy has been approved by the Italian Presidency of the Council of Ministers with its Golden Power governing M&A in specific industries.

Prescriptions provided by the Italian Presidency of the Council of Ministers are in line with the integration strategy originally envisioned, which is considering the Aosta Plant as a key development platform.

In Taiwan, the equity investment has also been approved by the Investment Commission, Ministry of Economic Affairs and the Fair Trade Commission, Executive Yuan respectively on September 26 and 28. The transaction between Walsin Lihwa and CAS is expected to be completed by the end of this year.

Walsin Lihwa Announced August 2022 Sales Report

Walsin Lihwa Corporation announced its net operating revenue for August 2022. The company’s consolidated net operating revenue for August 2022 was NT$14.32 billion. January through August revenue for 2022 totaled NT$122.42 billion.

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

Walsin Lihwa Announced July 2022 Sales Report

Walsin Lihwa Corporation announced its net operating revenue for July 2022. The company’s consolidated net operating revenue for July 2022 was NT$15.12 billion. January through July revenue for 2022 totaled NT$108.10 billion.

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

Walsin Lihwa Announces 2022 First Half Financial Results

Walsin Lihwa Corporation announces its consolidated financial statements of the first half of 2022 on 5th August. The consolidated net sales revenue reaches NT$93.04 billion. The consolidated gross profit reaches NT$10.76 billion and the consolidated operating income is NT$68.42 billion. The net income reaches NT$9.29 billion. The earnings per share is at NT$ 2.71.

Today Walsin’s board approved to acquire 29.5% equity of PT. Westrong Metal Industry through an increase in capital, with the transaction valued at US$146 million. Post investment, Walsin’s production capacity of nickel, in accordance to its equity ownership in various production facilities will increase to 84,000 tons per year.

PT. Westrong Metal Industry is located within Indonesia Weda Bay Industrial Park established by Tsingshan. It is currently constructing 4 Rotary Kiln Electric Furnace (RKEF) lines for Nickel Matte production, as well as a self-owned 380,000KWH power generation plant. Volume production will commence in Q1 of 2024, with annual capacity of 55,000 tons of nickel per year. The nickel produced will supply downstream industries including electric vehicles production and energy storage.

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

Walsin Lihwa Announced June 2022 Sales Report

Walsin Lihwa Corporation announced its net operating revenue for June 2022. The company’s consolidated net operating revenue for June 2022 was NT$15.58 billion. January through June revenue for 2022 totaled NT$92.98 billion.

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

Walsin Lihwa Announced May 2022 Sales Report

Walsin Lihwa Corporation announced its net operating revenue for May 2022. The company’s consolidated net operating revenue for May 2022 was NT$17.63 billion. January through May revenue for 2022 totaled NT$77.40 billion.

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

Walsin Lihwa Strengthens Its Resources Business by Investment in Environmentally Friendly Mining

Walsin Lihwa’s board meeting today passed a resolution to acquire 40% of the equity of the Singapore-based Innovation West Mantewe (IMM) at US$80 million. IWM owns 45% of the equity of PT. Transcoal Minergy (TCM) in Indonesia.

TCM’s mine area is in Kalimantan Selatan, Indonesia with an annual coal capacity of approximately 6 megatons, which will be available in 2024 by underground tunnel mining. Such environmentally friendly mining only has a limited ecological impact.

As Walsin Lihwa has been investing in nickel pig iron and nickel matte production as well as power plant development over the past several years, the investment in IWM is expected to help secure key raw material sources, mitigate price volatility risks, and stabilize profitability.