Win Semi to grow stake in CCL maker Iteq

Related company info

Julian Ho, Taipei; Willis Ke, DIGITIMES

Thursday 2 September 2021

Iteq
Performance

The company's stock price closed at NT$68.9 on the TSE on Monday, July 4, 2022.

The company has reported consolidated revenues of NT$2,531 million for June 2022, representing a 3.3% increase on month and 9.6% drop on year.

For the first quarter of 2022, the company totaled NT$8,269 million in consolidated revenues, up 3% sequentially and up 11.8% on year.

Brief

Full name: Iteq
Chinese name: 聯茂電子股份有限公司
Short name: Iteq
Stock code: 6213
Tax ID: 97179403
Market: TSE
Established: 10 Apr 1997
Paid in capital: NT$3.03 billion
Listed on OTC: 30 Dec 2002
Listed on ESB: 23 May 2002
Public since: 14 Oct 1997
Website: www.iteq.com.tw
Related news
- CCL makers keen to develop high-frequency offerings for car applications
On display

Iteq secures distribution orders from Laird for thermally conductive materials
Iteq and Laird Technologies officially signed a distribution contract...
Photo: Andrea Liu, Aug 20.

Latest stock

Iteq [6213] historical stock price (NT$)
Date	Volume (k)	Transactions	Value	Open	High	Low	Close	Change		Ask	Bid
5-Jul	3,092	2,263	216,003,228	70.90	72.10	68.50	70.90	+2.00	+2.90%	70.60	70.90
4-Jul	3,118	2,084	216,302,722	68.50	71.50	68.20	68.90	+0.50	+0.73%	68.90	69.00
1-Jul	2,976	2,344	208,900,168	71.80	72.50	68.30	68.40	-3.40	-4.74%	68.30	68.50
30-Jun	3,488	2,778	253,871,710	75.00	75.00	71.80	71.80	+0.00	+0.00%	71.80	71.90
29-Jun	2,217	1,609	178,733,035	80.70	81.40	80.00	80.50	-1.10	-1.35%	80.50	80.70
28-Jun	1,473	1,217	120,732,448	84.60	84.60	81.00	81.60	-2.90	-3.43%	81.60	81.70
27-Jun	1,351	1,105	113,882,034	83.50	85.00	83.20	84.50	+2.30	+2.80%	84.40	84.50

Latest sales

Iteq: Consolidated revenues, Jun 2021 - Jun 2022 (NT$m)
Month	Sales	M/M	Y/Y	YTD	Y/Y
Jun-22	2,531	3.3%	(9.6%)	15,918	2.4%
May-22	2,451	(8%)	(8.2%)	13,386	5%
Apr-22	2,665	(3.3%)	(0.9%)	10,935	8.5%
Mar-22	2,757	14.1%	0.2%	8,270	11.9%
Feb-22	2,416	(22%)	12.3%	5,513	18.8%
Jan-22	3,097	12.5%	24.3%	3,097	24.3%
Dec-21	2,752	6.1%	30%	32,517	27.9%
Nov-21	2,595	(3.1%)	28%	29,765	27.7%
Oct-21	2,678	(5.1%)	36.2%	27,170	27.7%
Sep-21	2,821	(10.9%)	32.9%	24,492	26.9%
Aug-21	3,167	7.3%	60.6%	21,671	26.1%
Jul-21	2,952	5.5%	39.3%	18,504	21.6%
Jun-21	2,799	4.8%	10.3%	15,552	18.8%

*Figures are consolidated
Source: TSE, compiled by Digitimes, July 2022

Iteq: Consolidated revenues, 1Q21 - 1Q22 (NT$m)
Quarter	Sales	Q/Q	Y/Y	YTD	Y/Y
1Q-22	8,269	3%	11.8%	8,269	11.8%
4Q-21	8,031	(10.1%)	31.4%	32,525	27.9%
3Q-21	8,930	9.3%	43.6%	24,494	26.8%
2Q-21	8,168	10.4%	9.3%	15,564	18.9%
1Q-21	7,397	21%	31.7%	7,397	31.7%

*Figures are consolidated
Source: TSE, compiled by Digitimes, July 2022

Latest balance sheet and income statement

Iteq: Consolidated balance sheet, 1Q21 - 1Q22 (NT$k)
Item	1Q-2022	4Q-2021	3Q-2021	2Q-2021	1Q-2021
Current assets	24,797,178	24,375,369	25,131,170	22,312,483	20,036,486
Intangible assets	8,617	8,360	8,242	8,297	8,698
Non-current assets	10,816,735	11,861,917	10,904,085	10,385,697	9,313,412
Assets	35,613,913	36,237,286	36,035,255	32,698,180	29,349,898
Current liabilities	14,158,527	14,264,805	15,040,274	15,823,460	13,066,567
Non-current liabilities	671,531	657,743	640,519	2,136,775	2,311,812
Liabilities	14,830,058	14,922,548	15,680,793	17,960,235	15,378,379
Stockholders' equity	20,783,855	21,314,738	20,354,462	14,737,945	13,971,519

*Figures are consolidated
Source: TSE, compiled by Digitimes, July 2022

Iteq: Consolidated income statement, 1Q21 - 1Q22 (NT$k)
Item	1Q-2022		4Q-2021		3Q-2021		2Q-2021		1Q-2021
Item	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales
Operating revenue	8,269,058		8,030,798		8,929,775		8,167,579		7,396,536
Gross profit (loss) from operations	1,248,703	15.1%	1,246,254	15.5%	1,737,811	19.5%	1,625,430	19.9%	1,370,054	18.5%
Operating expenses	604,782	7.3%	542,954	6.8%	630,563	7.1%	483,449	5.9%	503,087	6.8%
Operating income (loss)	643,921	7.8%	703,300	8.8%	1,107,248	12.4%	1,141,981	14%	866,967	11.7%
Non-operating expenses and losses	332,081	4%	49,279	0.6%	-10,620	-0.1%	-19,462	-0.2%	-23,990	-0.3%
Income from continuing operations before income tax	976,002	11.8%	752,579	9.4%	1,096,628	12.3%	1,122,519	13.7%	842,977	11.4%
Net income (loss)	809,113	9.8%	807,121	10.1%	835,187	9.4%	859,954	10.5%	642,541	8.7%
Diluted earnings per share (NT$)	2.1		2.1		2.4		2.6		1.9