Gigabyte turning graphics cards into professional products: Q&A with Eddie Lin, associate VP of Gigabyte VGA business

Taipei, Friday, April 27, 2018 14:57 (GMT+8),

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Joseph Tsai, DIGITIMES, Taipei

Thursday 5 June 2014

Latest stock

Gigabyte [2376] historical stock price (NT$)
Date	Volume (k)	Transactions	Value	Open	High	Low	Close	Change		Ask	Bid
27-Apr	3,535	2,202	225,612,600	64.30	64.60	63.10	63.90	+0.40	+0.63%	63.80	63.90
26-Apr	6,012	3,565	385,085,700	65.00	65.10	63.50	63.50	-1.00	-1.55%	63.50	63.60
25-Apr	4,531	2,834	292,594,768	64.80	65.20	64.00	64.50	-1.40	-2.12%	64.50	64.60
24-Apr	8,737	4,712	569,546,300	66.00	66.00	63.80	65.90	+0.50	+0.76%	65.80	65.90
23-Apr	7,584	4,689	491,049,500	64.40	66.00	63.20	65.40	+0.90	+1.40%	65.20	65.40
20-Apr	11,258	6,364	733,227,100	66.50	66.50	64.30	64.50	-2.60	-3.87%	64.50	64.60
19-Apr	6,520	3,819	441,189,000	67.80	68.80	66.80	67.10	+0.10	+0.15%	67.10	67.20
18-Apr	6,333	3,736	423,991,000	67.00	67.60	66.20	67.00	+1.20	+1.82%	66.90	67.00

Latest sales

Gigabyte: Consolidated revenues, Mar 2017 - Mar 2018 (NT$m)
Month	Sales	M/M	Y/Y	YTD	Y/Y
Mar-18	8,499	87.5%	97.2%	20,177	51.4%
Feb-18	4,534	(36.6%)	(4.1%)	11,678	29.5%
Jan-18	7,145	28.5%	66.5%	7,145	66.5%
Dec-17	5,560	0.3%	48.9%	59,886	14.4%
Nov-17	5,543	25.3%	21.1%	54,326	11.8%
Oct-17	4,425	(22.4%)	9.4%	48,783	10.8%
Sep-17	5,700	3.5%	8.7%	44,358	10.9%
Aug-17	5,505	(5.9%)	10.1%	38,658	11.3%
Jul-17	5,852	5.6%	26.3%	33,153	11.5%
Jun-17	5,541	23.6%	14.1%	27,300	8.7%
May-17	4,483	13.6%	36.2%	21,759	7.4%
Apr-17	3,946	(8.5%)	1.9%	17,275	1.8%
Mar-17	4,311	(8.8%)	(11.5%)	13,329	1.8%

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

Gigabyte: Consolidated revenues, 4Q16 - 4Q17 (NT$m)
Quarter	Sales	Q/Q	Y/Y	YTD	Y/Y
4Q-17	15,534	(8.9%)	25.7%	59,885	14.4%
3Q-17	17,058	22.2%	14.6%	44,350	10.9%
2Q-17	13,964	4.8%	16.2%	27,293	8.7%
1Q-17	13,329	7.9%	1.8%	13,329	1.8%
4Q-16	12,355	(17%)	1.1%	52,347	3%

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

Latest balance sheet and income statement

Gigabyte: Consolidated balance sheet, 4Q16 - 4Q17 (NT$k)
Item	4Q-2017	3Q-2017	2Q-2017	1Q-2017	4Q-2016
Current assets	33,623,284	32,739,005	29,790,888	28,738,465	30,955,717
Intangible assets	33,056	41,620	53,511	73,137	54,230
Non-current assets	5,174,388	5,236,713	5,111,486	5,119,966	5,268,333
Assets	38,797,672	37,975,718	34,902,374	33,858,431	36,224,050
Current liabilities	13,983,138	14,145,554	12,304,668	10,219,942	12,651,024
Non-current liabilities	582,210	574,145	587,935	586,362	604,083
Liabilities	14,565,348	14,719,699	12,892,603	10,806,304	13,255,107
Stockholders' equity	24,232,324	23,256,019	22,009,771	23,052,127	22,968,943

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

Gigabyte: 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	15,534,392		17,057,666		13,963,758		13,328,965		12,354,901
Gross profit (loss) from operations	2,822,334	18.2%	3,277,251	19.2%	2,029,406	14.5%	2,069,866	15.5%	1,856,691	15%
Operating expenses	2,254,100	14.5%	2,301,539	13.5%	1,692,897	12.1%	1,723,971	12.9%	1,710,595	13.8%
Operating income (loss)	568,234	3.7%	975,712	5.7%	336,509	2.4%	345,895	2.6%	146,096	1.2%
Non-operating expenses and losses	317,341	2%	317,962	1.9%	316,655	2.3%	-2,681	0%	472,977	3.8%
Income from continuing operations before income tax	885,575	5.7%	1,293,674	7.6%	653,164	4.7%	343,214	2.6%	619,073	5%
Net income (loss)	803,239	5.2%	1,109,290	6.5%	550,924	3.9%	250,053	1.9%	502,411	4.1%
Diluted earnings per share (NT$)	1.3		1.7		0.9		0.4		0.8