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CHROMA Call Transcript 2022

Nov 28, 2022

52029_rns_2022-11-28_86180bdf-d7c6-4d7e-89b5-f7dcbe32c089.pdf

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致茂電子股份有限公司 2022年第3季業績發表電話會議

財務長 應正

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2022年10月31日

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1

Disclaimer

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This presentation contains some forward-looking statements that are subject to substantial risks and uncertainties. Typically, these statements contain words such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “plan”, “forecast”, “project”, “predict”, “potential”, “continue”, “may”, “should”, “will”, and “would” or similar words. You should consider these forward-looking statements carefully because such statements are only our expectations or projections about future events, and actual results may differ materially from those expressed or implied by such statements. The forward-looking statements in this presentation include, but are not limited to, growth rates for various markets estimated by third party sources, future products and technology development, widespread market acceptance of the hosted delivery model, future revenue growth and profitability. You should be cautioned that the forward-looking statements are no guarantee of our future performance. The forward-looking statements contained in this presentation are made only as of the date of this presentation and we undertake no obligation to update the forward-looking statements to reflect subsequent events or circumstances, except as required by law.

This presentation and the information contained herein are the property of Chroma Ate Inc.

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2

議程

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  • 財務數據

  • 營運概況

  • 問與答

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3

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財務數據

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4

2022
年前
3
季累

合併
損益表摘要
合併損益表
(單位:佰萬新台幣,除每股盈餘為新台幣元)
2022.1~3Q
%
2021.1~3Q
%
YoY %
淨營業收入
15,994
100%
12,994
100%
23%
量測儀器事業部之合併營收(淨額)
14,459
90%
10,020
77%
44%
威光自動化事業部之合併營收
642
4%
509
4%
26%
日茂特殊材料事業部之合併營收
635
4%
2,139
16%
(70%)
其他
258
2%
326
3%
(21%)
營業成本
(7,410)
(46%)
(6,678)
(51%)
11%
營業毛利
8,584
54%
6,316
49%
36%
營業費用
推銷管理費用
(3,231)
(20%)
(2,869)
(22%)
13%
研發費用
(1,368)
(9%)
(1,103)
(9%)
24%
營業淨利
3,985
25%
2,344
18%
70%
營業外收入及支出
1,337
8%
2,046
16%
(35%)
稅前淨利
5,322
33%
4,390
34%
21%
所得稅費用
(1,014)
(6%)
(800)
(6%)
27%
本期淨利
4,308
27%
3,590
28%
20%
其他綜合損益淨額
679
4%
38
-
n/a
綜合損益總額
$ 4,987
31%
$ 3,628
28%
37%
淨利歸屬於:
本公司業主
4,243
27%
3,521
27%
21%
非控制權益
65
-
69
1%
(6%)
$ 4,308
27%
$ 3,590
28%
20%
每股盈餘(基本)
$ 10.09
$ 8.39
20%
每股盈餘(稀釋)
$ 10.01
$ 8.34
20%
2022
年前
3
季累

合併
損益表摘要
合併損益表
(單位:佰萬新台幣,除每股盈餘為新台幣元)
2022.1~3Q
%
2021.1~3Q
%
YoY %
淨營業收入
15,994
100%
12,994
100%
23%
量測儀器事業部之合併營收(淨額)
14,459
90%
10,020
77%
44%
威光自動化事業部之合併營收
642
4%
509
4%
26%
日茂特殊材料事業部之合併營收
635
4%
2,139
16%
(70%)
其他
258
2%
326
3%
(21%)
營業成本
(7,410)
(46%)
(6,678)
(51%)
11%
營業毛利
8,584
54%
6,316
49%
36%
營業費用
推銷管理費用
(3,231)
(20%)
(2,869)
(22%)
13%
研發費用
(1,368)
(9%)
(1,103)
(9%)
24%
營業淨利
3,985
25%
2,344
18%
70%
營業外收入及支出
1,337
8%
2,046
16%
(35%)
稅前淨利
5,322
33%
4,390
34%
21%
所得稅費用
(1,014)
(6%)
(800)
(6%)
27%
本期淨利
4,308
27%
3,590
28%
20%
其他綜合損益淨額
679
4%
38
-
n/a
綜合損益總額
$ 4,987
31%
$ 3,628
28%
37%
淨利歸屬於:
本公司業主
4,243
27%
3,521
27%
21%
非控制權益
65
-
69
1%
(6%)
$ 4,308
27%
$ 3,590
28%
20%
每股盈餘(基本)
$ 10.09
$ 8.39
20%
每股盈餘(稀釋)
$ 10.01
$ 8.34
20%
2022
年前
3
季累

合併
損益表摘要
合併損益表
(單位:佰萬新台幣,除每股盈餘為新台幣元)
2022.1~3Q
%
2021.1~3Q
%
YoY %
淨營業收入
15,994
100%
12,994
100%
23%
量測儀器事業部之合併營收(淨額)
14,459
90%
10,020
77%
44%
威光自動化事業部之合併營收
642
4%
509
4%
26%
日茂特殊材料事業部之合併營收
635
4%
2,139
16%
(70%)
其他
258
2%
326
3%
(21%)
營業成本
(7,410)
(46%)
(6,678)
(51%)
11%
營業毛利
8,584
54%
6,316
49%
36%
營業費用
推銷管理費用
(3,231)
(20%)
(2,869)
(22%)
13%
研發費用
(1,368)
(9%)
(1,103)
(9%)
24%
營業淨利
3,985
25%
2,344
18%
70%
營業外收入及支出
1,337
8%
2,046
16%
(35%)
稅前淨利
5,322
33%
4,390
34%
21%
所得稅費用
(1,014)
(6%)
(800)
(6%)
27%
本期淨利
4,308
27%
3,590
28%
20%
其他綜合損益淨額
679
4%
38
-
n/a
綜合損益總額
$ 4,987
31%
$ 3,628
28%
37%
淨利歸屬於:
本公司業主
4,243
27%
3,521
27%
21%
非控制權益
65
-
69
1%
(6%)
$ 4,308
27%
$ 3,590
28%
20%
每股盈餘(基本)
$ 10.09
$ 8.39
20%
每股盈餘(稀釋)
$ 10.01
$ 8.34
20%
合併損益表
(單位:佰萬新台幣,除每股盈餘為新台幣元)
2022.1~3Q
%
2021.1~3Q
%
YoY %
淨營業收入 15,994
100%
12,994
100%
23%
量測儀器事業部之合併營收(淨額) 14,459
90%
10,020
77%
44%
威光自動化事業部之合併營收 642
4%
509
4%
26%
日茂特殊材料事業部之合併營收 635
4%
2,139
16%
(70%)
其他 258
2%
326
3%
(21%)
營業成本 (7,410)
(46%)
(6,678)
(51%)
11%
營業毛利 8,584
54%
6,316
49%
36%
營業費用
推銷管理費用
研發費用
(3,231)
(20%)
(1,368)
(9%)
(2,869)
(22%)
13%
(1,103)
(9%)
24%
營業淨利 3,985
25%
2,344
18%
70%
營業外收入及支出 1,337
8%
2,046
16%
(35%)
稅前淨利
所得稅費用
5,322
33%
(1,014)
(6%)
4,390
34%
21%
(800)
(6%)
27%
本期淨利 4,308
27%
3,590
28%
20%
其他綜合損益淨額 679
4%
38
-
n/a
綜合損益總額 $ 4,987
31%
$ 3,628
28%
37%
淨利歸屬於:
本公司業主
非控制權益
4,243
27%
65
-
3,521
27%
21%
69
1%
(6%)
$ 4,308
27%
$ 3,590
28%
20%
每股盈餘(基本) $ 10.09 $ 8.39
20%
每股盈餘(稀釋) $ 10.01 $ 8.34
20%

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2022 年第 2 季之業外收益包含處分凌華科技之投資收益為新台幣 4.1 億元及處分固定資產予凌華之回轉利益為新台幣 9 仟萬元。

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5

2021 年第 1 季之業外收益包含處分固定資產收益為新台幣 17.3 億元,所得稅費用包含資本利得稅為新台幣 2 億元。

6
合併損益表
(單位:佰萬新台幣,除每股盈餘為新台幣元)
2022.3Q
%
2022.2Q
%
QoQ %
2021.3Q
%
YoY %
淨營業收入
6,660
100%
4,935
100%
35%
4,276
100%
56%
量測儀器事業部之合併營收(淨額)
6,341
95%
4,644
94%
37%
3,315
78%
91%
威光自動化事業部之合併營收
233
4%
188
4%
24%
145
3%
61%
日茂特殊材料事業部之合併營收
0
0%
17
-
n/a
682
16%
n/a
其他
86
1%
86
2%
-
134
3%
(36%)
營業成本
(3,163)
(47%)
(2,033)
(41%)
56%
(2,132)
(50%)
48%
營業毛利
3,497
53%
2,902
59%
21%
2,144
50%
63%
營業費用
推銷管理費用
(1,192)
(18%)
(1,093)
(22%)
9%
(922)
(22%)
29%
研發費用
(524)
(8%)
(443)
(9%)
18%
(357)
(8%)
47%
營業淨利
1,781
27%
1,366
28%
30%
865
20%
106%
營業外收入及支出
475
7%
696
14%
(32%)
148
4%
221%
稅前淨利
2,256
34%
2,062
42%
9%
1,013
24%
123%
所得稅費用
(491)
(7%)
(376)
(8%)
31%
(191)
(4%)
157%
本期淨利
1,765
27%
1,686
34%
5%
822
20%
115%
其他綜合損益淨額
229
3%
161
3%
42%
(168)
(5%)
n/a
綜合損益總額
$ 1,994
30%
$ 1,847
37%
8%
$ 654
15%
205%
淨利歸屬於:
本公司業主
1,731
26%
1,661
34%
4%
793
19%
118%
非控制權益
34
1%
25
-
36%
29
1%
17%
$ 1,765
27%
$ 1,686
34%
5%
$ 822
20%
115%
每股盈餘(基本)
$ 4.11
$ 3.95
4%
$ 1.89
117%
每股盈餘(稀釋)
$ 4.07
$ 3.92
4%
$ 1.87
118%
2022


3
季合併
損益表摘要
2022年第2季之業外收益包含處分凌華科技之投資收益為新台幣4.1億元及處分固定資產予凌華之回轉利益為新台幣9仟萬元。
6
合併損益表
(單位:佰萬新台幣,除每股盈餘為新台幣元)
2022.3Q
%
2022.2Q
%
QoQ %
2021.3Q
%
YoY %
淨營業收入
6,660
100%
4,935
100%
35%
4,276
100%
56%
量測儀器事業部之合併營收(淨額)
6,341
95%
4,644
94%
37%
3,315
78%
91%
威光自動化事業部之合併營收
233
4%
188
4%
24%
145
3%
61%
日茂特殊材料事業部之合併營收
0
0%
17
-
n/a
682
16%
n/a
其他
86
1%
86
2%
-
134
3%
(36%)
營業成本
(3,163)
(47%)
(2,033)
(41%)
56%
(2,132)
(50%)
48%
營業毛利
3,497
53%
2,902
59%
21%
2,144
50%
63%
營業費用
推銷管理費用
(1,192)
(18%)
(1,093)
(22%)
9%
(922)
(22%)
29%
研發費用
(524)
(8%)
(443)
(9%)
18%
(357)
(8%)
47%
營業淨利
1,781
27%
1,366
28%
30%
865
20%
106%
營業外收入及支出
475
7%
696
14%
(32%)
148
4%
221%
稅前淨利
2,256
34%
2,062
42%
9%
1,013
24%
123%
所得稅費用
(491)
(7%)
(376)
(8%)
31%
(191)
(4%)
157%
本期淨利
1,765
27%
1,686
34%
5%
822
20%
115%
其他綜合損益淨額
229
3%
161
3%
42%
(168)
(5%)
n/a
綜合損益總額
$ 1,994
30%
$ 1,847
37%
8%
$ 654
15%
205%
淨利歸屬於:
本公司業主
1,731
26%
1,661
34%
4%
793
19%
118%
非控制權益
34
1%
25
-
36%
29
1%
17%
$ 1,765
27%
$ 1,686
34%
5%
$ 822
20%
115%
每股盈餘(基本)
$ 4.11
$ 3.95
4%
$ 1.89
117%
每股盈餘(稀釋)
$ 4.07
$ 3.92
4%
$ 1.87
118%
2022


3
季合併
損益表摘要
2022年第2季之業外收益包含處分凌華科技之投資收益為新台幣4.1億元及處分固定資產予凌華之回轉利益為新台幣9仟萬元。
6
合併損益表
(單位:佰萬新台幣,除每股盈餘為新台幣元)
2022.3Q
%
2022.2Q
%
QoQ %
2021.3Q
%
YoY %
淨營業收入
6,660
100%
4,935
100%
35%
4,276
100%
56%
量測儀器事業部之合併營收(淨額)
6,341
95%
4,644
94%
37%
3,315
78%
91%
威光自動化事業部之合併營收
233
4%
188
4%
24%
145
3%
61%
日茂特殊材料事業部之合併營收
0
0%
17
-
n/a
682
16%
n/a
其他
86
1%
86
2%
-
134
3%
(36%)
營業成本
(3,163)
(47%)
(2,033)
(41%)
56%
(2,132)
(50%)
48%
營業毛利
3,497
53%
2,902
59%
21%
2,144
50%
63%
營業費用
推銷管理費用
(1,192)
(18%)
(1,093)
(22%)
9%
(922)
(22%)
29%
研發費用
(524)
(8%)
(443)
(9%)
18%
(357)
(8%)
47%
營業淨利
1,781
27%
1,366
28%
30%
865
20%
106%
營業外收入及支出
475
7%
696
14%
(32%)
148
4%
221%
稅前淨利
2,256
34%
2,062
42%
9%
1,013
24%
123%
所得稅費用
(491)
(7%)
(376)
(8%)
31%
(191)
(4%)
157%
本期淨利
1,765
27%
1,686
34%
5%
822
20%
115%
其他綜合損益淨額
229
3%
161
3%
42%
(168)
(5%)
n/a
綜合損益總額
$ 1,994
30%
$ 1,847
37%
8%
$ 654
15%
205%
淨利歸屬於:
本公司業主
1,731
26%
1,661
34%
4%
793
19%
118%
非控制權益
34
1%
25
-
36%
29
1%
17%
$ 1,765
27%
$ 1,686
34%
5%
$ 822
20%
115%
每股盈餘(基本)
$ 4.11
$ 3.95
4%
$ 1.89
117%
每股盈餘(稀釋)
$ 4.07
$ 3.92
4%
$ 1.87
118%
2022


3
季合併
損益表摘要
2022年第2季之業外收益包含處分凌華科技之投資收益為新台幣4.1億元及處分固定資產予凌華之回轉利益為新台幣9仟萬元。
合併損益表
(單位:佰萬新台幣,除每股盈餘為新台幣元)
2022.3Q
%
2022.2Q
%
QoQ %
2021.3Q
%
YoY %
淨營業收入 6,660
100%
4,935
100%
35%
4,276
100%
56%
量測儀器事業部之合併營收(淨額) 6,341
95%
4,644
94%
37%
3,315
78%
91%
威光自動化事業部之合併營收 233
4%
188
4%
24%
145
3%
61%
日茂特殊材料事業部之合併營收 0
0%
17
-
n/a
682
16%
n/a
其他 86
1%
86
2%
-
134
3%
(36%)
營業成本 (3,163)
(47%)
(2,033)
(41%)
56%
(2,132)
(50%)
48%
營業毛利 3,497
53%
2,902
59%
21%
2,144
50%
63%
營業費用
推銷管理費用
研發費用
(1,192)
(18%)
(524)
(8%)
(1,093)
(22%)
9%
(922)
(22%)
29%
(443)
(9%)
18%
(357)
(8%)
47%
營業淨利 1,781
27%
1,366
28%
30%
865
20%
106%
營業外收入及支出 475
7%
696
14%
(32%)
148
4%
221%
稅前淨利
所得稅費用
2,256
34%
(491)
(7%)
2,062
42%
9%
1,013
24%
123%
(376)
(8%)
31%
(191)
(4%)
157%
本期淨利 1,765
27%
1,686
34%
5%
822
20%
115%
其他綜合損益淨額 229
3%
161
3%
42%
(168)
(5%)
n/a
綜合損益總額 $ 1,994
30%
$ 1,847
37%
8%
$ 654
15%
205%
淨利歸屬於:
本公司業主
非控制權益
1,731
26%
34
1%
1,661
34%
4%
793
19%
118%
25
-
36%
29
1%
17%
$ 1,765
27%
$ 1,686
34%
5%
$ 822
20%
115%
每股盈餘(基本) $ 4.11 $ 3.95
4%
$ 1.89
117%
每股盈餘(稀釋) $ 4.07 $ 3.92
4%
$ 1.87
118%

資產負債摘要及財務指標

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集團合併(單位:佰萬新台幣) 2022.
9
2021.
12
+ / - %
資產負債摘要
現金及流動金融資產 5,480 4,947 11%
存貨 4,783 3,916 22%
短期負債 3,774 2,114 79%
長期負債 1,272 1,447 - 12%
股東權益 21,128 18,947 12%
總資產 34,364 29,546 16%
存貨週轉天數 158 139
應收帳款週轉天數 75 98
應付帳款週轉天數 106 114
淨負債資產比(%) Net Cash Net Cash
股東權益報酬率(%) 28% 24%
資產報酬率(%) 18% 15%
現金流量(單位:佰萬新台幣) 2022.1~3Q 2021.1~3Q 同期比較
未計利息稅項折舊及攤銷 5,867 4,838 21%
營業現金流入 2,681 1,303 106%
自由現金流量 2,597 3,224 (19%)

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股東報酬率及資產報酬率皆已年化且扣除處分廠房設備利益。

自由現金流量 = 營運活動之淨現金流入 + ( 投資活動之淨現金流出 ) 。

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7

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本季重點摘要

3 季重點摘要

  • 總營業收入 : $41.7 億新台幣,

  • 季成長 12% ,年增長 50%

  • 營業毛利率 : 54%

  • 營業利益率 : 29%

  • 淨利 : $17.3 億新台幣,

  • 季成長 4% ,年增長 118%

  • 2022 年第 3 季摘要 :

✓ 本季主要營收增長來自於量測與自 動化及半導體 /Photonics 測試解決 方案,分別較去年同期成長 31% 及

。 78%

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營業收入 營業毛利
營業利益率
4,170
3,720
2,867
2,774
2,666
2,449 2,419
53% 54% 52% 51% 54%
51%
48%
29%
28%
26% 25% 25%
22%
18%
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8

2021.1Q 2021.2Q 2021.3Q 2021.4Q 2022.1Q 2022.2Q 2022.3Q

2022年第3季損益表摘要(母公司)

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2022.3Q % 2022.2Q % QoQ 2021.3Q % YoY
損益表摘要 ( 母公司 )
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表摘要
(
母公
表摘要
(
母公
2022.3Q
%
(單位:佰萬新台幣,除每股盈餘為新台幣元) %
%
淨營業收入 4,170
100%
3,720
100%
12%
2,774
100%
50%
營業成本 (1,911)
(46%)
(1,810)
(49%)
6%
(1,355)
(49%)
41%
營業毛利 2,259
54%
1,910
51%
18%
1,419
51%
59%
營業費用
推銷管理費用
研發費用
(590)
(14%)
(465)
(11%)
(490)
(13%)
20%
(386)
(14%)
53%
(380)
(10%)
22%
(334)
(12%)
39%
營業淨利 1,204
29%
1,040
28%
16%
699
25%
72%
營業外收入及支出 883
21%
902
24%
(2%)
243
9%
263%
稅前淨利 2,087
50%
1,942
52%
7%
942
34%
122%
所得稅費用 (356)
(9%)
(281)
(7%)
27%
(149)
(5%)
139%
本期淨利 $ 1,731
42%
$ 1,661
45%
4%
$ 793
29%
118%
其他綜合損益淨額 211
5%
154
4%
37%
(167)
(6%)
n/a
綜合損益總額 $ 1,942
47%
$ 1,815
49%
7%
$ 626
23%
210%
每股盈餘(基本) $ 4.11 $ 3.95
4%
$ 1.89
117%
每股盈餘(稀釋) $ 4.07 $ 3.92
4%
$ 1.87
118%

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100% 持有之子公司淨利認列,威光為獲利 1 億 3 仟 4 佰萬新台幣。

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9

2022 年第 2 季之業外收益包含處分凌華科技之投資收益為新台幣 4.1 億元及處分固定資產予凌華之回轉利益為新台幣 9 仟萬元。

2022年前3季累計損益表摘要(母公司)

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2022.1~3Q % 2021.1~3Q % YoY
損益表摘要 ( 母公司 )
----- End of picture text -----

2022.1~3Q
%
2022.1~3Q
%
(單位:佰萬新台幣,除每股盈餘為新台幣元) %
淨營業收入 10,757
100%
7,890
100%
36%
營業成本 (5,219)
(48%)
(3,741)
(47%)
40%
營業毛利 5,538
52%
4,149
53%
33%
營業費用
推銷管理費用
研發費用
(1,469)
(14%)
(1,187)
(11%)
(1,133)
(15%)
30%
(1,011)
(13%)
17%
營業淨利 2,882
27%
2,005
25%
44%
營業外收入及支出 2,094
19%
2,173
28%
(4%)
稅前淨利 4,976
46%
4,178
53%
19%
所得稅費用 (732)
(7%)
(657)
(8%)
11%
本期淨利 $ 4,244
39%
$ 3,521
45%
21%
其他綜合損益淨額 644
6%
46
-
n/a
綜合損益總額 $ 4,888
45%
$ 3,567
45%
37%
每股盈餘(基本) $ 10.09 $ 8.39
20%
每股盈餘(稀釋) $ 10.01 $ 8.34
20%

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100% 持有之子公司淨利認列,威光為獲利 1 億 6 仟萬新台幣。

10

資產負債摘要及財務指標

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母公司(單位:佰萬新台幣) 2022.
9
2021.
12
+ / - %
資產負債摘要
現金及流動金融資產 1,021 1,274 - 20%
存貨 3,356 2,989 12%
短期負債 3,100 1,400 121%
長期負債 1,050 1,250 - 16%
股東權益 20,618 18,514 11%
總資產 29,483 25,359 16%
存貨週轉天數 164 199
應收帳款週轉天數 93 89
應付帳款週轉天數 79 95
淨負債資產比(%) 15% 8%
股東權益報酬率(%) 29% 24%
資產報酬率(%) 21% 17%
現金流量(單位:佰萬新台幣) 2022. 1~3Q 2021. 1~3Q 同期比較
未計利息稅項折舊及攤銷 5,339 4,457 20%
營業現金流入 926 775 20%
自由現金流量 1,305 3,155 (59%)

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股東報酬率及資產報酬率皆已年化且扣除處分廠房設備利益。

自由現金流量 = 營運活動之淨現金流入 + ( 投資活動之淨現金流出 ) 。

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11

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營運概況

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12

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2022 年第 3 季及前 3 季產品銷售佔比與合併營收明細

2022


3
季及前
3

2022


3
季及前
3

2022


3
季及前
3


銷售佔比與合併營收明細
(單位:百萬新台幣)
量測及自動化檢測設備
半導體/ Photonics 測試解決方案
Turnkey Solutions
其它
母公司營業收入
+量測事業體海外據點及測試設備相關子公司
致茂電子檢測設備事業體
(含海外量測事業子公司)
威光自動化
日茂新材料
其它
集團合併營收
2022.3Q
%
QoQ
YoY
2022.1~3Q
%
YoY
2021
%
量測及自動化檢測設備
半導體/ Photonics 測試解決方案
Turnkey Solutions
其它
母公司營業收入
+量測事業體海外據點及測試設備相關子公司
致茂電子檢測設備事業體
(含海外量測事業子公司)
量測及自動化檢測設備 2,032
49%
26%
31%
5,206
48%
29%
5,531
54%
半導體/ Photonics 測試解決方案 1,652
40%
13%
78%
3,982
37%
43%
3,589
35%
Turnkey Solutions 59
1%
(79%)
119%
514
5%
89%
347
3%
其它 427
10%
16%
58%
1,055
10%
31%
841
8%
母公司營業收入 4,170
100%
12%
50%
10,757
100%
36%
10,308
100%
+量測事業體海外據點及測試設備相關子公司 2,171
135%
301%
3,702
74%
3,247
6,341
95%
37%
91%
14,459
90%
44%
13,555
77%
233
4%
24%
61%
642
4%
26%
0
-
n/a
n/a
635
4%
(70%)
86
1%
-
(36%)
258
2%
(21%)
780
4%
2,804
16%
445
3%
6,660
100%
35%
56%
15,994
100%
23%
17,584
100%

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13

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