March 18, 2021 – Sino-American Silicon Products (SAS) today (3/18) held the Board meeting and approved 2020 financial results. SAS 2020 consolidated revenue totaled NT$61.40 billion with YoY -6.3 %; gross profit NT$21.11 billion with YoY 9.6 %; operating income NT$14.93 billion with YoY 10.5 %; pre-tax income NT$16.24 billion with YoY 16.6%; net income NT$12.71 billion with YoY 42.9%; net income attributed to the parent company NT$6.33 billion with YoY 181.4%; 2020 EPS reached NT$10.82, almost tripled compared to 2019 EPS of NT$3.86!
SAS’ restless enhancement on solar products efficiency and implementation of business transformation strategy in the last three years have successfully translated into significant improvement on operation and profitability. Not only 2020 revenue hit the third highest in history, almost every figure achieved all time high, including gross profit, operating income, pre-tax income, net income and EPS! Its semiconductor subsidiary, GlobalWafers (GWC), also revealed its 2020 financial results: revenue of NT$55.36 billion, gross profit of NT$20.57 billion, operating income of NT$15.29 billion, pre-tax income of NT$16.62 billion, net income of NT$13.10 billion, EPS of NT$30.11, which all hit the third highest in the history; furthermore, net income margin of 23.7% was the best ever since establishment! SAS’ Annual General Shareholder Meeting will be convened at 9 a.m. on June 24 at the Hsinchu Science Park Life Hub, Taiwan.
The worsening climate change urges governments around the world to set out policies and regulations to increase the proportion of renewable energy usage in order to reduce carbon emission. More and more companies have committed to 100% renewable electricity, or even “negative carbon emission”. The Ministry of Economic Affairs in Taiwan also sets the goal of reaching 8.75GW cumulative installation by the end of 2021. To cope with the growing demands, SAS will continuously focus on renewable energy as well as actively deploy in innovative green economies such as high-efficiency cells, power plants, operation and maintenance as well as storage solutions. With stable solar business and the outstanding performance of its subsidiary, GlobalWafers, reinforcing the profits, the outlook for SAS is promising.
Sino-American Silicon Products Inc.
Spokesman: Chung-wei Lee / Vice President, Corporate Development
TEL: 03-577-2233 ext 2291
Deputy: Jennifer Chen / Vice President
TEL: 03-577-2233 ext 3862