Topco sees bullish silicone materials prices

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Julian Ho, Taipei; Yusin Hu, DIGITIMES

Thursday 26 August 2021

Topco Scientific
Performance

The company's stock price closed at NT$133 on the TSE on Friday, July 1, 2022.

The company has reported consolidated revenues of NT$4,588 million for May 2022, representing a 13.3% increase on month and 46.2% increase on year.

For the first quarter of 2022, the company totaled NT$12,583 million in consolidated revenues, up 6.9% sequentially and up 32% on year.

Brief

Full name: Topco Scientific
Chinese name: 崇越科技股份有限公司
Short name: Topco
Stock code: 5434
Tax ID: 23621614
Market: TSE
Established: 17 Feb 1990
Paid in capital: NT$1.82 billion
Listed on TSE: 25 Aug 2003
Listed on OTC: 24 May 2000
Website: www.topco.com.tw
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Latest stock

Topco [5434] historical stock price (NT$)
Date	Volume (k)	Transactions	Value	Open	High	Low	Close	Change		Ask	Bid
4-Jul	440	484	58,819,050	133.00	135.00	132.00	135.00	+2.00	+1.50%	135.00	135.50
1-Jul	653	820	87,401,791	138.00	138.00	131.50	133.00	-5.00	-3.62%	133.00	133.50
30-Jun	799	913	110,009,664	141.50	141.50	136.00	138.00	-4.00	-2.82%	137.50	138.00
29-Jun	320	425	45,239,557	141.50	142.50	140.00	142.00	-1.00	-0.70%	141.50	142.00
28-Jun	547	677	78,151,877	146.00	146.00	141.50	143.00	-2.00	-1.38%	142.50	143.00
27-Jun	1,028	913	149,228,716	146.00	146.50	143.00	145.00	-0.50	-0.34%	145.00	145.50

Latest sales

Topco: Consolidated revenues, May 2021 - May 2022 (NT$m)
Month	Sales	M/M	Y/Y	YTD	Y/Y
May-22	4,588	13.3%	46.2%	21,221	29.2%
Apr-22	4,051	(11%)	7.9%	16,633	25.2%
Mar-22	4,551	26.8%	32.9%	12,579	32%
Feb-22	3,590	(19.1%)	21.3%	8,028	31.4%
Jan-22	4,438	3.8%	41%	4,438	41%
Dec-21	4,274	13.5%	33.5%	42,669	18%
Nov-21	3,764	1%	30.2%	38,395	16.5%
Oct-21	3,728	0.1%	31.1%	34,631	15.2%
Sep-21	3,723	2%	17.6%	30,903	13.5%
Aug-21	3,651	1%	24%	27,180	13%
Jul-21	3,615	3.7%	22.2%	23,529	11.4%
Jun-21	3,488	11.2%	12.5%	19,914	9.7%
May-21	3,138	(16.5%)	9.7%	16,427	9.1%

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

Topco: Consolidated revenues, 1Q21 - 1Q22 (NT$m)
Quarter	Sales	Q/Q	Y/Y	YTD	Y/Y
1Q-22	12,583	6.9%	32%	12,583	32%
4Q-21	11,766	7.1%	31.6%	42,669	18%
3Q-21	10,989	5.9%	21.2%	30,903	13.5%
2Q-21	10,381	8.9%	10.8%	19,914	9.7%
1Q-21	9,533	6.7%	8.5%	9,533	8.5%

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

Latest balance sheet and income statement

Topco: Consolidated balance sheet, 1Q21 - 1Q22 (NT$k)
Item	1Q-2022	4Q-2021	3Q-2021	2Q-2021	1Q-2021
Current assets	18,444,982	16,897,367	16,317,731	15,076,053	14,417,241
Intangible assets	503,005	516,011			55,511
Non-current assets	8,482,813	8,277,076	7,700,019	7,208,953	6,995,647
Assets	26,927,795	25,174,443	24,017,750	22,285,006	21,412,888
Current liabilities	14,137,233	11,510,093	11,365,748	10,636,345	10,441,584
Non-current liabilities	1,782,239	1,785,702	1,700,173	1,470,052	1,360,718
Liabilities	15,919,472	13,295,795	13,065,921	12,106,397	11,802,302
Stockholders' equity	11,008,323	11,878,648	10,951,829	10,178,609	9,610,586

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

Topco: 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
Gross sales	10,541,967		10,005,766		9,739,009		9,201,752		8,538,750
Operating revenue	12,582,577	119.4%	11,766,160	117.6%	10,988,763	112.8%	10,381,154	112.8%	9,532,889	111.6%
Gross profit (loss) from operations	1,461,477	13.9%	1,498,856	15%	1,338,868	13.7%	1,276,802	13.9%	1,097,678	12.9%
Operating expenses	747,130	7.1%	768,110	7.7%	684,299	7%	616,379	6.7%	591,791	6.9%
Operating income (loss)	714,420	6.8%	730,819	7.3%	654,642	6.7%	660,496	7.2%	505,960	5.9%
Non-operating expenses and losses	201,874	1.9%	135,682	1.4%	120,698	1.2%	121,083	1.3%	110,469	1.3%
Income from continuing operations before income tax	916,294	8.7%	866,501	8.7%	775,340	8%	781,579	8.5%	616,429	7.2%
Net income (loss)	678,254	6.4%	632,905	6.3%	602,343	6.2%	611,422	6.6%	454,290	5.3%
Diluted earnings per share (NT$)	3.6		3.5		3.2		3.4		2.5