Sino American Silicon Products : SAS Reports Full Year 2022 Results
March 16, 2023 at 04:43 am
Share
March 16, 2023 - Sino-American Silicon Products (SAS) today (3/16) held the Board meeting and approved 2022 financial results. SAS 2022 consolidated revenue totaled NT$81.9 billion with YoY 18.9%; gross profit of NT$31.9 billion, with YoY increase of 30.2%, gross profit margin of 39%; operating income of NT$25.4 billion, with YoY 40.5%, operating income margin of 31%; pre-tax income of NT$20.8 billion, with YoY 21.1%, pre-tax income margin of 25.4%; net income of NT$16.2 billion, with YoY 28.1%, net income margin of 19.7%; net income attributed to the parent company NT$8.7 billion, with YoY 28%, net income attributed to the parent company margin of 10.6%; 2022 EPS reached NT$14.87, increasing by NT$3.25 compared to 2021 EPS of NT$11.62!
Q422 revenue reached NT$21.2 billion,consolidated revenue in January and February 2023 reached NT$6.67 billion and NT$6.73 billion respectively, both rose to the highest in the same period in history. In terms of profitability, the gross profit margin of FY2022 reached 39%, EPS amounted to NT$14.87, the best ever! Its semiconductor subsidiary, GlobalWafers (GWC), FY2022 revenue totaled NT$70.3 billion, and Q422 revenue reached NT$18.4 billion with 12 consecutive quarters of growth! FY2022 gross profit margin hit 43.2%, EPS amounted to NT$35.31, both record high!
The energy crisis has led to spiking electricity cost, sparking reappraisal of energy policies in many nations which aims to boost local renewable energy infrastructure in order to mitigate dependence in the imported energy. Research projects that the installation of renewable energy capacity has accelerated rapidly, and the solar PV is set to be the largest source of power capacity in 2027. In the end of 2022, Taiwan released "Taiwan's 2050 Net-Zero Transition- 12 Key Strategies", aiming to generate 60~70% of its electricity via renewable energy with the cumulative PV installation standing at 40~80GW by 2050. Coupled with the legislation of "Climate Change Response Act" in January, the catalysts are propelling the burgeoning development of domestic solar PV. With diversified business layout, SAS offers comprehensive green energy solutions, proactively explores high-efficiency products and installs power storage system to provide stable service for Taiwan's power grid. SAS Group keeps circularity as the principle for product design and strategizes its operation in alignment with the Net-zero goal for both the government as well as the society that helps maximize the synergy on the existing basis. Besides, SAS has taken the lead to enhance its capability and capacity in 2022. Through the differentiation on the technology and the products, SAS continues to consolidate its competitive edge to grasp the explosive growth of the global green energy trend.
Sino-American Silicon Products Inc. published this content on 16 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 March 2023 08:42:11 UTC.
Sino-American Silicon Products Inc is a Taiwan-based company mainly engaged in the research, development, design, manufacture and distribution of semiconductor wafer products. The Company operates through two business segments, the Semiconductor segment and the Solar segment. The main products include semiconductor wafer products, solar ingot products, solar wafer products, semiconductor ingot products, solar silicon ingots, monocrystalline solar cells and solar module products. The Company is also engaged in the provision of related technology, management and consulting services. The Company mainly operates in Taiwan, Asia and the Americas.
SINO-AMERICAN SILICON PRODUCTS INC. 
