Walsin market cap is NT$134.5 b, and annual revenue was NT$156.66 b in FY 2021

Walsin Gross profit (FY, 2021)23.2 B

Walsin Net income (FY, 2021)15.3 B

Walsin EBITDA (FY, 2021)21.5 B

Walsin EBIT (FY, 2021)18.4 B

Walsin Cash, 31-Dec-202110.4 B

Walsin EV174.9 B

Walsin revenue breakdown by business segment: 41.1% from POWER CABLES, 10.5% from DIVERSIFIED INVESTMENT HOLDING, 41.7% from STAINLESS STEEL, 5.5% from RESOURCES DIVISION and 1.2% from Other

TWD | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|---|

## Revenue | 190.9b | 134.8b | 112.5b | 156.7b |

## Cost of goods sold | (173.4b) | (123.2b) | (97.6b) | (134.0b) |

## Gross profit | 17.9b | 11.8b | 15.0b | 23.2b |

## R&D expense | (130.7m) | (142.7m) | (123.7m) | (191.9m) |

## Operating expense total | (4.9b) | (5.3b) | (5.1b) | (6.5b) |

## Depreciation and amortization | (1.6b) | (2.1b) | (2.4b) | (3.5b) |

## EBITDA | 12.9b | 6.4b | 11.7b | 21.5b |

## EBIT | 16.2b | 5.5b | 9.6b | 18.4b |

## Interest expense | (684.2m) | (559.6m) | (540.0m) | (418.0m) |

## Interest income | 355.3m | 268.3m | 261.5m | 92.0m |

## Pre tax profit | 16.7b | 4.8b | 9.3b | 19.1b |

## Income tax expense | (4.7b) | (956.9m) | (2.2b) | (3.9b) |

## Net Income | 12.0b | 3.9b | 7.0b | 15.3b |

TWD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 37.1b | 37.1b | 29.9b | 24.1b | 29.1b | 28.2b | 28.8b | 39.1b | 42.3b |

## Cost of goods sold | (34.7b) | (34.7b) | (27.5b) | (22.0b) | (23.7b) | (24.7b) | (25.8b) | (34.8b) | (36.3b) |

## Gross profit | 2.4b | 2.4b | 2.5b | 2.2b | 5.3b | 3.6b | 3.1b | 4.5b | 6.2b |

## R&D expense | (32.1m) | (41.0m) | (40.1m) | (28.7m) | (29.8m) | (26.7m) | (50.1m) | (40.7m) | (45.8m) |

## Operating expense total | (1.1b) | (1.3b) | (1.3b) | (1.2b) | (1.2b) | (1.2b) | (1.4b) | (1.5b) | (1.5b) |

## Depreciation and amortization | (406.7m) | (437.2m) | (514.5m) | (596.4m) | (596.2m) | (630.6m) | (609.8m) | (655.1m) | (1.3b) |

## EBITDA | 1.3b | 1.1b | 1.3b | 1.0b | 4.7b | 3.1b | 2.3b | 4.2b | 6.3b |

## EBIT | 859.9m | 347.0m | 1.1b | 311.9m | 4.5b | 2.5b | 1.8b | 3.7b | 5.2b |

## Interest expense | (150.2m) | (134.7m) | (133.7m) | (107.3m) | (170.3m) | (142.3m) | (87.0m) | (107.3m) | (96.7m) |

## Interest income | 71.0m | 51.1m | 76.8m | 75.5m | 87.2m | 61.8m | 32.0m | 16.0m | 22.6m |

## Pre tax profit | 411.0m | 2.7b | (29.7m) | 184.4m | 4.4b | 2.3b | 2.0b | 4.2b | 5.4b |

## Income tax expense | 130.3m | (867.8m) | 164.5m | (6.8m) | (1.5b) | (472.8m) | (175.4m) | (555.4m) | (773.0m) |

## Net Income | 541.4m | 1.9b | 134.8m | 177.6m | 2.9b | 1.9b | 1.8b | 3.7b | 4.6b |

TWD | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|---|

## Cash | 9.4b | 11.8b | 11.9b | 10.4b |

## Accounts Receivable | 11.7b | 7.6b | 7.5b | 11.0b |

## Prepaid Expenses | 59.8m | |||

## Inventories | 26.0b | 22.0b | 21.1b | 31.7b |

## Current Assets | 58.7b | 60.8b | 56.2b | 69.3b |

## PP&E | 25.1b | 27.8b | 34.3b | 41.5b |

## Total Assets | 132.7b | 138.1b | 151.6b | 183.0b |

## Accounts Payable | 8.6b | 7.0b | 7.5b | 8.5b |

## Short-term debt | 15.0b | 19.4b | 13.1b | 18.2b |

## Current Liabilities | 32.1b | 40.7b | 31.5b | 38.9b |

## Long-term debt | 20.0b | 17.2b | 31.7b | 32.5b |

## Non-Current Liabilities | 21.2b | 18.8b | 32.8b | 36.2b |

## Total Debt | 35.0b | 36.6b | 44.7b | 50.8b |

## Total Liabilities | 53.4b | 59.5b | 64.3b | 75.1b |

## Common Stock | 33.3b | 33.3b | 32.3b | 34.3b |

## Additional Paid-in Capital | 10.2b | 10.2b | 9.9b | 12.6b |

## Retained Earnings | 25.5b | 22.0b | 27.8b | 39.0b |

## Total Equity | 79.3b | 78.6b | 87.3b | 107.9b |

TWD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
---|---|---|---|---|---|---|---|---|---|

## Cash | 11.3b | 15.0b | 9.2b | 20.3b | 11.9b | 10.5b | 7.9b | 9.7b | 5.8b |

## Accounts Receivable | 9.9b | 9.1b | 9.3b | 7.2b | 6.9b | 5.9b | 7.8b | 10.3b | 10.2b |

## Inventories | 26.4b | 23.5b | 22.5b | 23.2b | 20.4b | 21.3b | 25.4b | 23.7b | 29.1b |

## Current Assets | 56.4b | 67.4b | 58.6b | 68.4b | 57.5b | 54.1b | 61.3b | 65.7b | 67.0b |

## PP&E | 26.4b | 28.1b | 28.2b | 27.6b | 31.4b | 32.3b | 35.1b | 36.6b | 41.1b |

## Total Assets | 133.9b | 143.2b | 135.4b | 147.0b | 141.7b | 141.5b | 161.6b | 174.2b | 175.7b |

## Accounts Payable | 6.2b | 7.6b | 7.0b | 7.1b | 6.9b | 7.6b | 9.5b | 8.8b | 8.4b |

## Short-term debt | 18.0b | 18.7b | 19.9b | 25.0b | 16.0b | 10.9b | 16.7b | 22.2b | 26.0b |

## Current Liabilities | 32.2b | 42.9b | 40.5b | 46.7b | 34.7b | 27.7b | 35.5b | 40.7b | 49.8b |

## Long-term debt | 18.7b | 21.2b | 17.2b | 25.1b | 30.1b | 33.2b | 28.1b | 26.6b | 25.0b |

## Non-Current Liabilities | 19.8b | 22.3b | 18.2b | 26.3b | 31.6b | 34.3b | 29.2b | 28.3b | 26.9b |

## Total Debt | 36.7b | 39.9b | 37.1b | 50.1b | 46.1b | 44.0b | 44.8b | 48.7b | 51.0b |

## Total Liabilities | 52.0b | 65.2b | 58.7b | 73.0b | 66.3b | 62.0b | 64.7b | 69.0b | 76.7b |

## Common Stock | 33.3b | 33.3b | 33.3b | 33.3b | 33.3b | 32.9b | 34.3b | 34.3b | 34.3b |

## Additional Paid-in Capital | 10.2b | 10.2b | 12.6b | 12.6b | |||||

## Retained Earnings | 26.0b | 21.2b | 21.1b | 22.2b | 24.0b | 25.9b | 29.7b | 33.3b | 34.5b |

## Total Equity | 81.9b | 78.1b | 76.7b | 74.0b | 75.4b | 79.5b | 96.9b | 105.2b | 99.0b |

TWD | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
---|---|---|---|---|

## Net Income | 16.7b | 4.7b | 9.3b | 19.1b |

## Depreciation and Amortization | 1.5b | 1.9b | 2.1b | 2.5b |

## Accounts Receivable | (2.6b) | 3.5b | 311.8m | (3.5b) |

## Inventories | 3.7b | 1.8b | 938.7m | (12.0b) |

## Accounts Payable | (599.8m) | (1.5b) | 526.7m | 999.5m |

## Cash From Operating Activities | 3.0b | 8.6b | 7.1b | 1.3b |

## Cash From Investing Activities | (6.7b) | (2.3b) | (12.7b) | (985.5m) |

## Short-term Borrowings | 3.2b | 2.6b | (5.8b) | 485.7m |

## Long-term Borrowings | 2.4b | (1.1b) | 14.1b | (2.1b) |

## Dividends Paid | (3.3b) | (4.0b) | (1.7b) | (3.1b) |

## Cash From Financing Activities | 2.3b | (2.9b) | 5.6b | (2.3b) |

## Net Change in Cash | (1.5b) | 2.3b | 191.4m | (1.6b) |

TWD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 411.0m | 3.1b | 3.1b | 184.4m | 4.6b | 6.9b | 2.0b | 6.3b | 11.7b |

## Depreciation and Amortization | 406.7m | 843.8m | 1.4b | 518.0m | 1.0b | 1.6b | 542.6m | 1.1b | 1.8b |

## Accounts Receivable | 1.9b | 2.0b | 1.8b | 434.0m | 669.5m | 1.7b | (210.8m) | (2.8b) | (2.6b) |

## Inventories | (301.9m) | 589.7m | 1.6b | (1.2b) | 1.7b | 705.9m | (4.3b) | (4.1b) | (9.5b) |

## Accounts Payable | (2.4b) | (885.5m) | (1.5b) | 131.5m | (87.9m) | 635.9m | 2.0b | 1.3b | 934.6m |

## Cash From Operating Activities | 240.8m | 1.8b | 5.4b | 917.0m | 3.6b | 5.8b | (2.2b) | (2.3b) | (3.1b) |

## Cash From Investing Activities | (438.1m) | (1.2b) | (2.0b) | (6.1b) | (10.7b) | (10.2b) | (1.9b) | (3.8b) | (5.8b) |

## Short-term Borrowings | 975.7m | 4.2b | 3.0b | 2.2b | (5.8b) | (5.5b) | 1.4b | 3.6b | 5.7b |

## Long-term Borrowings | 484.0m | 467.9m | (1.0b) | 11.4b | 15.5b | 13.0b | (1.5b) | 467.9m | 451.9m |

## Dividends Paid | (86.0k) | (86.0k) | (4.0b) | (1.7b) | (3.1b) | ||||

## Cash From Financing Activities | 1.4b | 4.4b | (3.4b) | 13.5b | 8.3b | 3.7b | (112.5m) | 4.0b | 3.0b |

## Net Change in Cash | 1.9b | 5.6b | (210.1m) | 8.5b | 148.4m | (1.2b) | (4.1b) | (2.2b) | (6.2b) |

TWD | FY, 2018 |
---|