Taoyuan, Taiwan (R.O.C) February 22, 2018 – Chroma Ate Inc. (TAIEX: 2360) today announced the results for fourth quarter in the fiscal year 2017, which ended December 31st, 2017. In the fourth quarter, consolidated sales revenues were NTD 5.2 billion, presented a strong growth of 33% QoQ and 88% YoY. Chroma’s parent only sales revenues reached NTD 2 billion, a decline of 10% QoQ but a growth of 27% YoY. Net income reached NTD 888 million, represented a growth of 3% QoQ and 132% YoY, with diluted earnings per share of NTD 2.11. EPS is based on weighted average outstanding shares of 415 million.
In the fiscal year 2017, Chroma achieved consolidated sales revenues of NTD 14.9 billion, increased by 28% YoY and parent only sales revenues was NTD 8 billion, presented a growth of 11%. The net profit was NTD 2.6 billion, represented a strong growth of 49% compared to NTD 1.7 billion in year 2016, with diluted earnings per share of 6.18.
In the Year 2017, the growth driver for consolidated sales was coming from Chroma testing equipment business and MAS, which presented a growth of 15% and 564% YoY respectively. The semiconductor / photonics testing solutions are the key driver for parent company sales growth for the second year in a row, which presented a strong growth of 103% YoY, while the core business of Test Instruments and ATS also presented a double digits growth of 19% YoY. Moving forward, the Company expected a continuous growth in 2018. The EV market remains strong, which the demand for high power testing equipment for EV components and modules, battery cell and pack continues to increase. The demand for 3D sensing testing equipment and new products launching from ATE system and photonics related testing equipment will remain the key driver for semiconductor / photonics testing solution, the automation businesses MAS and turnkey solutions will be doing better than year 2017.
Press Release Contact
Jennifer Chien Deputy Director
(03) 327 – 9936
Chroma Group founded in 1984, a world leading own brand turnkey test & automation solution provider, specialized in electronics test and measurement instruments and ATS (auto test system). Chroma’s headquarters is located in Taoyuan, Hwa-Ya Technology Park, with engineering service offices worldwide including China, Europe, Taiwan and United States. For more information please visit our company website: www.chromaate.com