TPK-KY Q3 gain more than 1.6 times the quarter, the first three quarters EPS 5.18 yuan

TPK-KY Chen Hong announced on the 2nd quarterly quarterly consolidated revenue of 30.51 billion yuan a quarter, quarter growth of 36.2%, an increase of 16.6%, mainly due to seasonal factors and growth of smart phones, tablet computers, new products shipped; operating margin of 26.2 YoY growth of 73.2% YoY. Benefiting from the favorable product mix and production efficiency, the gross profit margin rose to 8.6% from 6.7% in the previous quarter. The single-season after-tax surplus was 870 million RMB, up 166% quarter-on-quarter and 27.2% , Diluted EPS 2.37 yuan; cumulative total of the first three quarters after-tax net profit per share was 5.18 yuan, significantly better than the same period last year -5.13 yuan. TPK announced October consolidated revenue of 100.76 billion yuan, an increase of 21% Month, down nearly 6%; its cumulative consolidated revenue in the first 10 months of 84.411 billion yuan, an increase of 15.94%.

(Source: TPK)

TPK also pointed out that in terms of sales cost structure, with the revenue growth, the cost of raw materials increased from RMB16.61 billion in the second quarter to RMB22.97 billion. At the same time, labor costs increased to RMB2.0.4 billion from RMB1.66 billion in the previous quarter, However, Q3 revenue increased by 23.4% over the fourth quarter of last year. This shows the Company's ongoing commitment to production automation with a depreciation and amortization cost of Rmb1.88 billion, comparable to the previous quarter.

In addition, TPK pointed out that foreign exchange losses of about 130 million yuan were recognized in the third quarter, mainly due to the appreciation of the renminbi against the U.S. dollar, and even though the operating scale of the third quarter showed a significant increase over the previous quarter, as of September 30 this year, the total number of TPK employees 28,399, down about 1,000 from the previous quarter, with TPK's third quarter EBITDA of MOP 3.57 billion, which is also the company's new high since the second quarter of 2013. The single-quarter capital expenditure was approximately MOP690 million.