Hsinchu, Taiwan, November 5, 2020 – Sino-American Silicon Products Inc. (SAS) board approved Q3 2020 earnings results today with the consolidated revenue of NT$15.38 billion, gross profit of NT$5.37 billion, operating profit of NT$3.98 billion, net profit before tax of NT$4.02 billion, net income attributable to the parent company of NT$1.67 billion, and EPS amounts to NT$2.86! SAS’ semiconductor subsidiary, GlobalWafers (GWC) also concluded Q32020 with consolidated revenue NT$14.01 billion, net income attributed to the parent company NT$3.39 billion and EPS hit NT$7.78.
SAS overall performance for Q32020 concluded with 25.9% of operating profit margin and 21.6% of net profit margin. Comparing to Q32019, consolidated revenue declined 4.5%, gross profit margin decreased by 3.2%, operation profit margin decreased by 2.6%, net income attributed to the parent company increased by 4.0% and EPS increased by NT$0.1.
Regarding year-to-date financial results, SAS achieved accumulated consolidated revenues of NT$45.7 billion, year-over-year 9.1% decrease, also with gross profit NT15.71 billion, year-over-year 12.9% increase, operating profit NT$11.72 billion, an increase of 20.0% year-over-year, net income attributed to parent company NT$4.57 billion, a huge increase of 292.9% year-over-year. Accumulated EPS amounted to NT$7.82, up by NT$5.82! GWC’s consolidated revenue for the first three quarters of 2020 totaled NT$41.22 billion, which contributed to SAS’ revenue more than 90%, and EPS reached NT$22.21. By recognizing onerous contract provision in 2019, SAS was alleviated from its Long-Term Agreement burden, delivered outstanding performance by achieving the BEST EVER in accumulative gross margin, operating profit, net profit and net profit attributed to parent company, EPS also hit the second record high!
Eying sustainable development, SAS reinvests in Actron Technology Corporation (ATC), the automotive diode manufacturer, Taiwan Speciality Chemicals Corporation (TSC), manufacturer of specialty gas for semiconductor, and Advanced Wireless Semiconductor (AWSC), GaAs foundry, to strengthen the strategic deployment in semiconductor industry and to enlarge its operation scale into business with high potential and synergy such as automotive components, specialty gases for advanced semiconductor processes, and the third generation semiconductor materials. Its subsidiary, GWC, devotes in providing high-quality wafer stably and strives to be the most reliable supplier to all customers. With visionary strategy and outstanding management efficiency, SAS maneuvers nimbly through the ever-changing solar industry as well as fosters innovations which turn into economic growth. The future of SAS is truly promising.