SAS Reports Q3 2021 Results
Hsinchu, Taiwan, November 4, 2021 – Sino-American Silicon Products Inc. (SAS) board approved its financial statements for the third quarter ended on September 30, 2021 today with the consolidated revenue of NT$17.5 billion, gross profit of NT$6.4 billion, operating profit of NT$4.8 billion, profit before tax of NT$4.1 billion, net income of NT$3.4 billion, net income attributed to the parent company of NT$1.8 billion and EPS of NT$3.12. Quarter over quarter, the third quarter results of SAS represented 2% increase in consolidated revenue, 9.5% increase in gross profit, 11.8% increase in operating profit, and NT$0.49 EPS down. SAS’ semiconductor subsidiary, GlobalWafers’ financial statements for the third quarter resulted with consolidated revenue of NT$15.4 billion, net income attributed to the parent company of NT$3.1 billion, EPS of NT$7.13, 30.4% of operating profit margin and 20.2% of net profit margin.
Regarding the first three quarters of 2021 consolidated financial results, SAS cumulative consolidated revenue of NT$50.8 billion, up 11.1 % YoY; gross profit of NT$17.7 billion, up 12.4 % YoY; operating profit of NT$13.1 billion, up 11.8 % YoY; net profit of NT$10.2 billion, up 9.6%; EPS of NT$9.22, up NT$1.4 YoY. SAS cumulative gross profit, operating profit, net profit and EPS all reached an all-time high! SAS’ semiconductor subsidiary, GlobalWafers cumulative consolidated revenue in the first three quarters of the year exceeded NT$45 billion with 10.1 % YoY! EPS of NT$22.4, up NT$0.19 YoY. GlobalWafers’ cumulative consolidated revenue hit the new record high over the same period! Its remarkable performance significantly boosted SAS’ operation results.
With global climate change intensifies, many nations accelerate to include “Green New Deal” in the policies to achieve sustainability goals such as decarbonization and climate neutrality to mitigate the greenhouse effect and the accompanying consequences. Replacing traditional coal-fired power with clean energy is essential to reach net zero emission. Among all the clean energies, solar has become the key for energy transformation in various countries due to its mature technology. According to the researches, newly installed capacities are anticipated to reach 155GW to 163 GW in 2021, and 174 GW to 203 GW in 2022, it is also the first time that annual PV installations will cross the 200 GW level with nearly 20% CAGR in the next five years! However, different national policies are likely to influence the market, such as China power rationing and tariffs in Europe and the US, which need careful observation. SAS as a renewable energy total solution provider, not only provides solar products with high-quality and high-efficiency, but also constructs PV plant and O&M (operation and maintenance) as well as actively dedicates in the fields of solar energy farming, energy storage and green energy resale.
SAS’ reinvestments have also achieved remarkable performance. Not only its semiconductor subsidiary, GlobalWafers, continues to grow steadily, the renowned automotive electronics manufacturer, Actron Technology Corporation (ATC), the professional GaAs foundry, Advanced Wireless Semiconductor (AWSC), and Disilane and Trisilane manufacturer, Taiwan Speciality Chemicals Corporation (TSC) also perform outstandingly. With the strategic deployment in semiconductor supply chain continues to expand, SAS will keep its rapid growing pace!
Sino-American Silicon Products Inc.
Spokesman: Chung-wei Lee / Vice President, Corporate Development
TEL: 03-577-2233 ext 2291
Deputy: Jennifer Chen / Sales Vice President
TEL: 03-577-2233 ext 3862
www.saswafer.com