Inductor specialist King Core sees order visibility extended to 2022

Related company info

Jane Wang, Taipei; Jessie Shen, DIGITIMES

Thursday 19 August 2021

Latest stock

King Core [6155] historical stock price (NT$)
Date	Volume (k)	Transactions	Value	Open	High	Low	Close	Change		Ask	Bid
4-Jul	154	104	3,103,169	20.15	20.60	20.00	20.30	+0.05	+0.25%	20.20	20.30
1-Jul	505	246	10,425,393	21.30	21.30	20.00	20.25	-1.20	-5.59%	20.25	20.30
30-Jun	257	190	5,521,081	22.55	22.55	21.25	21.45	-0.95	-4.24%	21.45	21.50
29-Jun	59	35	1,322,797	22.25	22.45	22.20	22.40	+0.05	+0.22%	22.40	22.45
28-Jun	58	53	1,299,466	22.75	22.75	22.30	22.35	-0.45	-1.97%	22.35	22.45
27-Jun	96	72	2,185,010	22.50	22.80	22.50	22.80	+0.60	+2.70%	22.70	22.80

Latest sales

King Core: Consolidated revenues, May 2021 - May 2022 (NT$m)
Month	Sales	M/M	Y/Y	YTD	Y/Y
May-22	66	0.4%	1.4%	329	5.3%
Apr-22	66	(18.1%)	(2.6%)	262	6.4%
Mar-22	81	65.1%	20.1%	196	9.8%
Feb-22	49	(26.6%)	7.1%	115	3.5%
Jan-22	67	(5.4%)	1%	67	1%
Dec-21	70	(6.9%)	20.6%	800	31.8%
Nov-21	76	19.4%	17.1%	729	33%
Oct-21	63	(6.4%)	44.4%	654	35.1%
Sep-21	68	4.1%	40.8%	590	34.2%
Aug-21	65	(9%)	13.5%	523	33.4%
Jul-21	71	(4.1%)	68.6%	458	36.7%
Jun-21	74	13.6%	47.1%	386	32.1%
May-21	65	(3.5%)	19.3%	312	29%

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

King Core: Consolidated revenues, 1Q21 - 1Q22 (NT$m)
Quarter	Sales	Q/Q	Y/Y	YTD	Y/Y
1Q-22	196	(6.2%)	9.8%	196	9.8%
4Q-21	209	2.6%	25.5%	800	31.8%
3Q-21	204	(1.8%)	38.2%	590	34.2%
2Q-21	208	16.2%	31.7%	386	32.1%
1Q-21	179	7.2%	32.6%	179	32.6%

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

Latest balance sheet and income statement

King Core: Consolidated balance sheet, 1Q21 - 1Q22 (NT$k)
Item	1Q-2022	4Q-2021	3Q-2021	2Q-2021	1Q-2021
Current assets	2,008,830	2,225,529	2,172,597	2,064,057	1,957,182
Intangible assets	69	43	12	25	37
Non-current assets	728,719	741,224	723,803	740,597	715,933
Assets	2,737,549	2,966,753	2,896,400	2,804,654	2,673,115
Current liabilities	1,217,136	1,506,892	1,477,097	1,385,961	1,206,048
Non-current liabilities	38,690	37,723	33,782	32,175	28,949
Liabilities	1,255,826	1,544,615	1,510,879	1,418,136	1,234,997
Stockholders' equity	1,481,723	1,422,138	1,385,521	1,386,518	1,438,118

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

King Core: 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
Operating revenue	196,219		209,237		203,871		207,675		178,783
Gross profit (loss) from operations	55,362	28.2%	64,449	30.8%	67,484	33.1%	65,598	31.6%	53,136	29.7%
Operating expenses	31,951	16.3%	32,664	15.6%	30,977	15.2%	31,485	15.2%	27,893	15.6%
Operating income (loss)	23,411	11.9%	31,785	15.2%	36,507	17.9%	34,113	16.4%	25,243	14.1%
Non-operating expenses and losses	53,777	27.4%	7,987	3.8%	-1,525	-0.7%	-25,595	-12.3%	-742	-0.4%
Income from continuing operations before income tax	77,188	39.3%	39,772	19%	34,982	17.2%	8,518	4.1%	24,501	13.7%
Net income (loss)	62,196	31.7%	28,018	13.4%	27,316	13.4%	6,399	3.1%	19,065	10.7%
Diluted earnings per share (NT$)	0.7		0.3		0.3		0.1		0.2