Hsinchu, Taiwan, March 22, 2018 – The board of directors of SAS today approved the full-year financial statements ended December 31, 2017. Consolidated revenue was NT$59.3 billion, a historical high of 87.9% increase from the previous year. Gross profit was NT$11.4 billion, a 232% increase year over year. Operating profit was NT$6.3 billion, 149 times of high increase year over year. Income before tax was NT$5.1 billion. Net income attributed to parent company was NT$1 billion. Earnings per share was NT$1.8. Consolidated revenue of GWC, the semiconductor subsidiary, was NT$46.2 billion. Net income attributed to parent company was NT$5.27 billion with an EPS of NT$12.68. Regardless of the fact that the global solar market still remained in a sluggish state in 2017, SAS strategically moderated its operating risks by niche product launches and production adjustment. Revenue injection contributed from GWC’s remarkable operating performance also made SAS’ full-year results much more superior to the peers.
The SAS Board today also adopted a proposal recommending a cash dividend of NT$3 per common share from the capital reserve. The 2018 Annual General Meeting (AGM) of SAS will convene at 9: 00 a.m. on June 26, 2018 at Science Park Life Hub.
Despite of the turbulent market condition in 2017, it was a crucial time when the scale of the global PV market exceeded 100GW. With a prosperous outlook ahead in Taiwan PV industry, SAS continues to strengthen the competitiveness in the solar industry by its high efficiency Celco PERC cells. Furthermore, Sunrise PV World Co.(SPW,) SAS’ subsidiary, is ready to accomplish the grid-connected power generation of the first type electric company Sunrise PV Two Co.(SPV2) in the second quarter this year, and successfully turns into a renewable energy power company with the capability of both development and construction. With SPW’s plan to increase 100MV of solar power in Taiwan this year, revenue injection to SAS group is likely to be realized through its aggressively putting investment and construction plan of ground mounted and floating PV power plant into practice.