China market: Asustek braces for strong smartphone competition

Taipei, Sunday, April 22, 2018 14:45 (GMT+8),

34°C

We have recently changed our search engine. Check the Advanced options to learn the new search rules.

Related company info

Monica Chen, Taipei; Steve Shen, DIGITIMES

Tuesday 1 April 2014

Latest stock

Asustek [2357] historical stock price (NT$)
Date	Volume (k)	Transactions	Value	Open	High	Low	Close	Change		Ask	Bid
20-Apr	628	462	175,374,000	277.50	280.00	277.00	279.00	-0.50	-0.18%	278.50	279.00
19-Apr	981	699	274,029,000	277.00	280.00	277.00	279.50	+2.50	+0.90%	279.00	279.50
18-Apr	712	615	196,325,000	273.50	277.00	273.50	277.00	+3.50	+1.28%	276.50	277.00
17-Apr	1,594	1,106	435,983,000	276.00	276.50	272.00	273.50	-3.00	-1.08%	273.00	273.50
16-Apr	960	803	266,726,500	280.00	280.00	276.50	276.50	-5.00	-1.78%	276.50	277.00
13-Apr	1,288	983	361,323,500	280.00	282.00	279.00	281.50	+3.50	+1.26%	281.00	281.50

Latest sales

Asustek: Consolidated revenues, Mar 2017 - Mar 2018 (NT$m)
Month	Sales	M/M	Y/Y	YTD	Y/Y
Mar-18	40,751	51.2%	(9.6%)	98,994	(8.5%)
Feb-18	26,955	(13.9%)	(15.3%)	58,242	(7.8%)
Jan-18	31,287	(14.6%)	(0.2%)	31,287	(0.2%)
Dec-17	36,639	(13%)	(6.9%)	433,455	(7.1%)
Nov-17	42,128	21.6%	(13.5%)	396,816	(7.2%)
Oct-17	34,660	(23.2%)	(9.5%)	354,688	(6.3%)
Sep-17	45,109	19.3%	1.1%	320,029	(6%)
Aug-17	37,810	19.8%	(5.1%)	274,920	(7.1%)
Jul-17	31,562	(18.8%)	(5.3%)	237,110	(7.4%)
Jun-17	38,870	24%	(8.3%)	205,548	(7.7%)
May-17	31,344	15.6%	(1.6%)	166,678	(7.5%)
Apr-17	27,113	(39.8%)	(6.9%)	135,334	(8.8%)
Mar-17	45,053	41.6%	(7.2%)	108,221	(9.3%)

*Figures are consolidated
Source: TSE, compiled by Digitimes, April 2018

Asustek: Consolidated revenues, 4Q16 - 4Q17 (NT$m)
Quarter	Sales	Q/Q	Y/Y	YTD	Y/Y
4Q-17	113,956	(0.5%)	(9.8%)	433,967	(7%)
3Q-17	114,471	17.6%	(2.8%)	320,011	(6%)
2Q-17	97,318	(10.1%)	(5.8%)	205,539	(7.7%)
1Q-17	108,221	(14.4%)	(9.3%)	108,221	(9.3%)
4Q-16	126,399	7.3%	(4.8%)	466,803	(1.2%)

*Figures are consolidated
Source: TSE, compiled by Digitimes, April 2018

Latest balance sheet and income statement

Asustek: Consolidated balance sheet, 4Q16 - 4Q17 (NT$k)
Item	4Q-2017	3Q-2017	2Q-2017	1Q-2017	4Q-2016
Current assets	257,588,380	254,605,838	261,325,586	256,142,607	273,972,099
Intangible assets	1,953,183	1,834,210	1,857,774	1,885,929	1,898,724
Non-current assets	87,302,789	90,247,469	94,952,113	96,003,397	90,247,827
Assets	344,891,169	344,853,307	356,277,699	352,146,004	364,219,926
Current liabilities	153,886,173	155,331,763	168,680,729	151,410,818	168,496,912
Non-current liabilities	12,330,693	11,432,993	11,235,977	11,103,344	11,505,800
Liabilities	166,216,866	166,764,756	179,916,706	162,514,162	180,002,712
Stockholders' equity	178,674,303	178,088,551	176,360,993	189,631,842	184,217,214

*Figures are consolidated
Source: TSE, compiled by Digitimes, April 2018

Asustek: Consolidated income statement, 4Q16 - 4Q17 (NT$k)
Item	4Q-2017		3Q-2017		2Q-2017		1Q-2017		4Q-2016
Item	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales
Operating revenue	113,956,052		114,471,318		97,318,245		108,221,176		126,398,576
Gross profit (loss) from operations	15,811,595	13.9%	16,755,960	14.6%	11,880,244	12.2%	14,956,686	13.8%	18,399,583	14.6%
Operating expenses	12,056,945	10.6%	13,705,440	12%	9,961,107	10.2%	10,946,156	10.1%	13,331,369	10.5%
Operating income (loss)	3,754,650	3.3%	3,050,520	2.7%	1,919,137	2%	4,010,530	3.7%	5,068,214	4%
Non-operating expenses and losses	1,459,789	1.3%	4,342,423	3.8%	664,671	0.7%	762,014	0.7%	595,736	0.5%
Income from continuing operations before income tax	5,214,439	4.6%	7,392,943	6.5%	2,583,808	2.7%	4,772,544	4.4%	5,663,950	4.5%
Net income (loss)	4,202,834	3.7%	6,013,642	5.3%	2,075,944	2.1%	3,747,574	3.5%	5,063,873	4%
Diluted earnings per share (NT$)	5.4		7.8		2.7		4.9		6.6