Hsinchu, Taiwan, May 10, 2018 – SAS today announced financial results for the first quarter ended March 31, 2018: consolidated revenue of NT$16.89 billion, gross profit of NT$4.64 billion, operating profit of NT$3.33 billion, income before tax of NT$3 billion, net income attributable to the parent company of NT$0.71 billion with an EPS of NT$1.23, almost 68% of the EPS of NT$1.8 for the full year 2017.
GWC, its semiconductor subsidiary, also announced consolidated revenue of NT$13.91 billion, net income attributable to the parent company of NT$2.77 billion and EPS of NT$6.36 for the first quarter.

SAS’ Gross margin for the quarter was 27.5%, while operating margin was 19.7% and net profit margin was 12.2%. Year over year, first quarter revenue increased 24.4% while gross margin increased 151.3% and operating margin increased 414.4%. Net profit margin also improved from an EPS of -NT$0.7 to NT$1.23. SAS’ financial structure showed a very healthy status. Currently the cash on hand was NT$28.2 billion while the bank debts were NT$17.7 billion. Net cash amount has reached NT$10 billion.

In response to Taiwan government’s green policy, SAS expects an optimistic outlook for the solar industry in the future by aggressively developing large-scale solar systems of ground mounted power plants and water floating systems etc.
Taipei Exchange announced 4th Corporate Governance Evaluation result. Once again, SAS was awarded one of the top 5 percentage companies in the consecutive fourth year. As the result, SAS presented a witness to positive performance of corporation governance and corporation social responsibilities.