Wisdom Marine Lines : November 2021 Monthly Earnings Release

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Provided by: Wisdom Marine Lines Co., Limited
SEQ_NO	1	Date of announcement	2021/12/03	Time of announcement	14:39:53
Subject	November 2021 Monthly Earnings Release
Date of events	2021/12/03	To which item it meets	paragraph 51
Statement	1.Date of occurrence of the event:2021/12/03 2.Company name:Wisdom Marine Lines Co., Ltd. 3.Relationship to the Company (please enter ��head office�� or ��subsidiaries��):Head Office 4.Reciprocal shareholding ratios:Not Applicable 5.Cause of occurrence:November 2021 Monthly Earnings Release 6.Countermeasures:Announcement 7.Any other matters that need to be specified: Monthly Revenue�G USD 73,058,262 TWD 2,032,262(in thousands) YoY % Change 97.63% Year-to-Date Revenue�G USD611,939,759 TWD 17,105,552(in thousands) YoY % Change 67.59% Monthly Operating Income�G USD 39,024,832 TWD 1,085,555(in thousands) YoY % Change 566.57% Year-to-Date Operating Income�GUSD259,292,444 TWD 7,248,002(in thousands) YoY % Change 529.17% Monthly Net Income before Income Tax Expense�G USD 35,641,629 TWD 991,445(in thousands) YoY % Change 1268.56% Year-to-Date Net Income before Income Tax Expense�G USD256,492,341 TWD 7,169,730(in thousands) YoY % Change 4523.92% Monthly Pre-tax EPS�G 1.33 Year-to-Date Pre-tax EPS�G 9.61 Basis for Computation�G Month End Monthly Average Annual Average TWD/USD 27.805 27.817 27.953 JPY/USD 113.18 114.05 109.42 Outstanding Shares 746,409,199 - - Weighted Average of Shares Outstanding 746,409,199 - - Month End Prior Month Prior Year No. of Vessels 134 134 136 BDI 3018 3519 1227 Analysis�G 1.Change of Fleet: None 2.Change in Operation: 6 vessels in dry-dock. 3.Fluctuation of Exchange Rate: Yen fluctuations resulted in non-operating income (loss) from outstanding borrowings denominated in Japanese Yen. 4.Renewal of Contracts: 6 vessels renewal of contracts. 5.Operating Income: Operating income increased 566.57% because of a steady economic recovery from the pandemic since the second half of 2020. 6.Non-operating income: The appreciation of Japanese Yen led to USD300,000 foreign exchange loss by the exchange rate at the end of the month; The appreciation of New Taiwan Dollar led to USD10,000 foreign exchange loss by the exchange rate at the end of the month. Notes on Compilation: 1.We adopt IFRS. 2.Our functional currency is US Dollar. The representation of TWD figures are calculated based on the average exchange rate of the relevant period. Evaluation gain or loss is calculated based on the month end exchange rate. 3.Rate of change is calculated with USD figures. 4.Earning per share is calculated based on weighted average of outstanding shares. 5.Depreciation and crew wage costs are calculated on a monthly basis, but revenue is calculated on incurred basis by day. Hence the calendar days of each month could slightly affect revenue and operating profits. 6.The lubricant oil expenses is estimated monthly and adjusted according to inventory check on a quarterly frequency. 7.The duration of each vessel might differ according to size, condition and specifications. Modern new buildings now are normally depreciated on a 25 year duration. 8.The earning release is based on unaudited provisional account. Monthly Net Income before Income Tax Expense reported in the earnings release includes earnings attributable to minority interests.