Sino-American Silicon Products (SAS) today (3/17) held the Board meeting and approved 2021 financial results. SAS 2021 consolidated revenue totaled NT$68.8 billion with YoY 12.1%; gross profit of NT$24.5 billion, gross profit margin of 35.6% with YoY increase of 1.2%; operating income of NT$18.1 billion, operating income margin of 26.3% with YoY 2%; pre-tax income of NT$17.2 billion, pre-tax income margin of 25% with YoY -1.4%; net income of NT$12.6 billion, net income margin of 18.3% with YoY -2.4%; net income attributed to the parent company NT$6.8 billion, net income attributed to the parent company margin of 9.9% with YoY -0.4%; 2021 EPS reached NT$11.62, increasing by NT$0.8 compared to 2020 EPS of NT$10.82!
SAS not only dedicates to improving solar product efficiency, but also actively engages in strategic partnership in semiconductor value chain to expand high value business, fostering innovations into future economic growth. In 2021, SAS achieved many milestones: Q421 revenue reached NT$18.1 billion, growing for 7 consecutive quarters and hitting record high. FY2021 revenue was the second best in history. In terms of profitability, the gross profit margin has grown for 4 consecutive quarters, hitting 38% in Q421. Gross profit margin of FY2021 has increased for 6 years in a row, and reached 35.6%, both hit record high! EPS amounted to NT$11.62 in 2021, the best ever! Its semiconductor subsidiary, GlobalWafers (GWC), FY2021 revenue totaled NT$61.1 billion, and Q421 revenue reached NT$15.8 billion with 9 consecutive quarters of growth, both breaking the record! Q421 gross profit margin hit 41.3%, growing for 4 consecutive quarters and reached record high. FY2021 gross profit margin hit 38.1%, the second highest in the history; and FY2021 operating income margin reached 28.9%, the third highest!
As impacts from extreme weather events grow in frequency and severity, renewable energy is crucial for decarbonization, many nations legislate green policies and climate goals to adopt renewable energy. Among all, solar PV accounts for more than half of all renewable power expansion because of its affordability and innovation, making it fully competitive to displace fossil fuels. Also, domestic demands are underpinned by 2050 carbon neutrality resolution made by Taiwan government. SAS aggressively searches for new possibilities for building solar power plant to augment its deployment, such as like aquavoltaics, agrivoltaics … etc. to tackle land availability – the primary limiting factor in Taiwan and shifts from a pure manufacturer to a diversified energy applications and services supplier, including energy storage and green power. With restless efforts, SAS explores and enlarges its business, aiming to become a total green energy solution provider.