Despite the uncertain environment next year, WT still expects its operations to remain flat or grow slightly compared to this year.
The picture shows Zheng Wenzong, chairman of WT.
(Photo by reporter Hong Youfang)
[Reporter Hong Youfang/Hsinchu Report] IC distributor WT Technology (3036) pointed out today that the semiconductor supply chain continues to adjust inventory, which is expected to be in the second quarter of next year. The same as this year or a slight increase.
Affected by the sluggish demand for consumer electronics, including mobile phones and PCs, Yang Xingyu, chief financial officer of Wenye, said that the first quarter of next year will be the bottom of the operation. Coupled with the adjustment of supply chain inventory, the first half of next year should be an off-season. The launch of new mobile phones, industrial control, data centers, and vehicles are also optimistic, and it should be a relatively busy season.
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Yang Xingyu believes that most of the industry interface will be cautious about inventory adjustments and are willing to spend time and trouble in inventory management. Therefore, in this recession, the problem will be relatively small. I believe that the industry chain will fully cooperate and only purchase goods when there is demand. It should be as expected. The adjustment is complete.
By the end of the third quarter, WT's inventory amounted to more than 90 billion yuan, and the inventory turnover days were more than 50 days, a slight increase from last year's 48 days.
Regarding the financial trend, she said that interest rates should still be raised in the first quarter of next year, and it is expected that there will be no interest rate hikes or cuts in the second half of the year. The increase in interest rates will cause WT's interest expenses to increase by more than 1 billion yuan this year, compared with last year's 7 100 million yuan has increased significantly, but the scale of revenue has also grown.
WT’s accumulated consolidated revenue for the first 11 months of this year was about 514.4 billion yuan, with an annual growth rate of about 28%. The net profit after tax in the first three quarters was 6.48 billion yuan, with an annual growth rate of about 11%. The after-tax profit per share was about 7.33 yuan. surpassed the same period last year.
Yang Xingyu pointed out that the dividend is expected to remain above 50%, but it needs to be discussed by the board of directors.
Regarding whether to continue mergers and acquisitions next year, he said that mergers are rare. If there is a good target, a good team, and a good product line, it is also what the company needs and does not rule it out.
Dalian University is a competitor of WT, and a major shareholder with 20% of the shares. Yang Xingyu said that because the two companies are competitors in the industry, they have no business relationship, and have not heard that the other party wants to sell shares. They maintain a pure investment relationship.
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