Hsinchu, Taiwan, August 9, 2018 – Sino-American Silicon Products Inc. (SAS) today announced 2nd quarter 2018 consolidated revenue of NT$17.3 billion, gross profit of NT$4.86 billion, operating profit of NT$3.4 billion, income before tax of NT$3.88 billion, net income attributable to the parent company of NT$0.98 billion, and EPS of NT$1.7. GlobalWafers Co., Ltd. (GWC), its semiconductor subsidiary, announced consolidated revenue of NT$14.36 billion, net income of NT$3.49 billion and EPS of NT$8 for the second quarter.

SAS’ gross margin for the second quarter was 28.1% while operating margin was 19.7% and net profit margin was 15.6%. Year over year, consolidated revenue increased 23.5% while gross margin increased 94.1% and operating income increased 162.1% with a spectacular rise of 669.1% in net income attributable to the parent company, and an increase in EPS from NT$0.22 to NT$1.48. Thanks to lucrative gains from GWC, SAS’ 2Q 2018 revenue performance has achieved a quarterly all time high again.

Consolidated financial results for the 1H 2018: year over year, consolidated revenues totaled NT$34.2 billion, an increase of 23.9%. Gross profit was NT$9.5 billion, an increase of 118.4%. Operating profit was NT$6.73 billion, an increase of 245.9%. Net income attributed to the parent company came to NT$1.7 billion with an increase in EPS of NT$2.93 from -NT$0.48. Consolidated revenue of GWC for the first half was NT$28.27 billion with EPS of NT$14.36, accounting for more than 80% of the total revenue of SAS. The remarkable operating performance of GWC substantially made SAS’ 1H 2018 results much more superior than its peers.