CHROMA - Interim / Quarterly Report 2016

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致茂電子股份有限公司

2016 年第 4 季公司概況財務長應正董事長兼總經理黃欽明 2017 年 2 月 21 日

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1
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Disclaimer

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 forwardlooking 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.

議程

• 公司簡介 • 財務數據 • 營運概況 • 問與答

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公司簡介

致茂電子成立於 1984 ，為自有品牌之自動化檢測
解決方案供應商。商品包含提供產業相關之檢測

儀器與設備及整合性自動化測試解決方案。

經營宗旨：精密、可靠、創新。
致茂集團包含致茂主體，威光自動化及日茂新材
料三個事業體。
2016 年合併營收為 116 億新台幣。
2016 年淨利為 17 億新台幣。
致茂集團截至 2016 年 12 月底員工總數為 2,497 人。
致茂電子榮獲第 5 屆「國家產業創新獎」最高榮譽
「卓越創新企業」。

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致茂主體合併營收日茂新材料合併營收威光自動化合併營收其他

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11,644 11,624
5% 3%
10,171 10,307
9,692
7% 20%
15%
13%
48%
29%
24%
34%
44% 47% 60% 58% 74%
2012 2013 2014 2015 2016
5
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財務表現

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集團合併總營收集團合併總營收研發費用
營業毛利
營業毛利率
研發費用佔營收比致茂母公司
7,233
11,644 11,624
10,171 10,307
9,692
56%
47% 55%
54% 54%
53%
5,135
39% 44%
4,539
37%
4,174
3,926
29%
16% 17%
15% 15%
13%
755 784 937
637 631
致茂母公司員工數： 1,490  ( 研發人員比重 39%)
2012 2013 2014 2015 2016 2012 2013 2014 2015 2016
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財務表現

股東權益報酬率

股利政策

每股盈餘現金股利配發比率

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17%
15%
14%
13%
12%
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4.53
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3.51 3.30
3.28
3.21
2.52 2.60
2.50
2.40
2.00
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2012

2013 2014 2015 2016

2012 2013 2014 2015 2016 *** 股利將經公司股東會決議後配發之 .**

致茂電子全球據點

Global Employees ： 2,497  , Branch Offices x24, Distributors x72

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Europe :
Netherlands
Germany
US :
Irvine/
Foothill Ranch, CA
Hong Kong :
Neworld
SE Asia: Singapore
India / Thailand / Vietnam Japan: Shin-Yokohama
Malaysia / Philippines /
Indonesia
China : Beijing / Nanjing / Shanghai / Suzhou
Chongqing / Xiamen / Shenzhen / Dongguan
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財務數據

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2016年累計合併損益表摘要

	合併損益表 (單位:佰萬新台幣，除每股盈餘為新台幣元)		2016 %		~~10~~ 10 2015 % YoY % 9,692 100% 20% 5,666 58% 52% 1,261 13% (70%) 2,328 24% (3%) 437 5% (12%) (5,471) (56%) 13% 4,221 44% 29% (2,128) (22%) 12% (873) (9%) 19% 1,220 13% 65% 263 2% (89%) 1,483 15% 38% (288) (3%) 20% 1,195 12% 42% (132) (1%) 70% $ 1,063 11% 38% 1,237 13% 39% (42) (1%) (43%) $ 1,195 12% 42% $ 3.28 38% $ 3.10 36%
	淨營業收入		11,624 100%
	量測儀器事業部之合併營收(淨值)		8,587 74%
	威光自動化事業部之合併營收		382 3%
	日茂特殊材料事業部之合併營收		2,269 20%
	其他		386 3%
	營業成本		(6,196) (53%)
	營業毛利		5,428 47%
	營業費用推銷管理費用研發費用		(2,380) (21%) (1,035) (9%)
	營業淨利		2,013 17%
	營業外收入及支出		29 1%
	稅前淨利所得稅費用		2,042 18% (346) (3%)
	本期淨利		1,696 15%
	其他綜合損益淨額		(224) (2%)
	綜合損益總額		$ 1,472 13%
	淨利歸屬於: 本公司業主非控制權益		1,720 15% (24) -
			$ 1,696 15%
	每股盈餘		$ 4.53
			$ 4.23

資產負債摘要及財務指標

集團合併 (單位：佰萬新台幣) 資產負債摘要現金及流動金融資產存貨短期負債長期負債股東權益		2016. 12月 5,829 1,906 1,012 2,765 10,788	2015. 12月 + / - % 5,116 14% 1,636 17% 333 n/a 3,142 - 12% 9,531 13%

總資產		18,633	16,060 16%
存貨週轉天數應收帳款週轉天數應付帳款週轉天數淨負債資產比(%)		104 88 101 Negative	108 108 91 Negative
股東權益報酬率(%)		17%	13%
資產報酬率(%)		10%	8%
現金流量 (單位：佰萬新台幣) 未計利息稅項折舊及攤銷營業現金流入	2016 2,423 2,001	2015 1,853 2,269	年成長 31% (12%)
自由現金流量	894	1,101	(19%)

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股東報酬率及資產報酬率皆已年化。

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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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本季重點摘要

營業收入營業毛利營業利益率 2,373

第 4 季重點摘要

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1,654
1,617
1,589
1,356
1,193
57% 1,126 57%
55% 55%
53% 54%
50%
50%
864
26%
25%
23%
22% 21%
20%
16%
13%
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總營業收入 : $16 億新台幣，
季減少 32% ，年增加 36%
營業毛利率 : 54%
營業利益率 : 21%
淨利 : $3.8 億新台幣，

季減少 33% ，年增加 53%

2016 年第 4 季摘要 :
本季主要營收貢獻來自於量測及自動化檢測設備及半導體測試解

決方案之銷售。

12 2015.1Q 2015.2Q 2015.3Q 2015.4Q 2016.1Q 2016.2Q 2016.3Q 2016.4Q 12

2016年第4季損益表摘要(母公司)

損益表摘要(母公司) (單位:佰萬新台幣，除每股盈餘為新台幣元)	2016.4Q %	2016.3Q % QoQ %	2015.4Q % YoY %
淨營業收入	1,617 100%	2,373 100% (32%)	1,193 100% 36%
營業成本	(741) (46%)	(1,186) (50%) (38%)	(515) (43%) 44%
營業毛利	876 54%	1,187 50% (26%)	678 57% 29%
營業費用推銷管理費用研發費用	(283) (17%) (251) (16%)	(327) (13%) (13%) (251) (11%) -	(237) (20%) 19% (204) (17%) 23%
營業淨利	342 21%	609 26% (44%)	237 20% 44%
營業外收入及支出	96 6%	55 2% 75%	50 4% 92%
稅前淨利	438 27%	664 28% (34%)	287 24% 53%
所得稅費用	(56) (3%)	(90) (4%) (38%)	(37) (3%) 51%
本期淨利	$ 382 24%	$ 574 24% (33%)	$ 250 21% 53%
其他綜合損益淨額	(46) (3%)	(79) (3%) (42%)	(101) (9%) (54%)
綜合損益總額	$ 336 21%	$ 495 21% (32%)	$ 149 12% 126%
每股盈餘(基本)	$ 0.99	$ 1.52 (35%)	$ 0.66 50%
每股盈餘(稀釋)	$ 0.92	$ 1.42 (35%)	$ 0.62 48%

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100% 持有之子公司淨利認列，日茂為獲利 1 仟 5 佰萬新台幣 ( 季增加 150% ，年增加 36%) ，威光為獲利 3 佰萬新台幣 ( 季減少 93% ，。年減少 80%)

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2016年累計損益表摘要(母公司)

損益表摘要(母公司) (單位:佰萬新台幣，除每股盈餘為新台幣元)	2016 %	2015 % YoY %
淨營業收入	7,233 100%	4,539 100% 59%
營業成本	(3,469) (48%)	(2,019) (44%) 72%
營業毛利	3,764 52%	2,520 56% 49%
營業費用推銷管理費用研發費用	(1,101) (15%) (937) (13%)	(910) (20%) 21% (784) (18%) 20%
營業淨利	1,726 24%	826 18% 109%
營業外收入及支出	281 4%	548 12% (49%)
稅前淨利	2,007 28%	1,374 30% 46%
所得稅費用	(287) (4%)	(137) (3%) 109%
本期淨利	$ 1,720 24%	$ 1,237 27% 39%
其他綜合損益淨額	(218) (3%)	(134) (3%) 63%
綜合損益總額	$ 1,502 21%	$ 1,103 24% 36%
每股盈餘(基本)	$ 4.53	$ 3.28 38%
每股盈餘(稀釋)	$ 4.23	$ 3.10 36%

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100% 持有之子公司淨利認列，日茂為獲利 4 仟 7 佰萬新台幣 ( 年下滑 6%) ，威光為獲利 5 仟 7 佰萬新台幣 ( 年下滑 75%) 。

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資產負債摘要及財務指標

未合併 (單位：佰萬新台幣) 資產負債摘要現金及流動金融資產存貨短期負債長期負債股東權益		2016. 12月 3,656 1,458 800 2,597 10,617	2015. 12月 + / - % 2,703 35% 1,301 12% 100 n/a 2,988 - 13% 9,410 13%

總資產		16,586	13,965 19%
存貨週轉天數應收帳款週轉天數應付帳款週轉天數淨負債資產比(%)		145 100 91 Negative	231 159 101 4%
股東權益報酬率(%)		17%	13%
資產報酬率(%)		11%	9%
現金流量 (單位：佰萬新台幣) 未計利息稅項折舊及攤銷營業現金流入	2016 2,192 1,975	2015 1,561 1,523	年成長 40% 30%
自由現金流量	914	896	2%

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股東報酬率及資產報酬率皆已年化。

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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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營運概況

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各產品線銷售佔比

(單位:百萬新台幣) 量測及自動化檢測設備半導體測試解決方案 Turnkey Solutions 其它		2016.4Q % QoQ 965 60% 5% 333 21% (9%) 245 15% (76%) 74 4% (4%)	YoY 2016 % YoY 28% 3,570 49% 18% 48% 1,209 17% 59% 73% 2,143 30% 303% 6% 311 4% 42%		2015 % 3,029 67% 759 17% 532 12% 219 4%
Total		1,617 100% (32%)	36% 7,233 100% 59%		4,539 100%

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銷售佔比 (累計)

A Turnkey Solution and Intelligent Automation Line Provider

	4,174	3,926	5,135	4,539	7,233
	6%	5%	4%	4%	4%
其他	10%	9%	18%	12%	30%
	17%	21%		17%
			21%
Turnkey Solutions
					17%
半導體測試解決方案
量測及自動化檢測設備
	63%	67%	65%	67%	49%

	2012	2013	2014	2015	2016

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合併營收佔比

(單位:百萬新台幣) 致茂電子 (含海外量測事業子公司) 威光自動化日茂新材料其它		2016.4Q % QoQ YoY 1,947 70% (30%) 25% 118 4% (6%) (62%) 611 22% 10% 5% 99 4% 6% (8%)	2016 % YoY 8,587 74% 52% 382 3% (70%) 2,269 20% (3%) 386 3% (12%)
集團合併營收		2,775 100% (22%) 8%	11,624 100% 20%

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2017 年展望

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致茂電子母公司為 2016 年集團營收之主要成長事業體，其主要成長動能來自於 Turnkey Solutions 及半導體測試解決方案，分別較 2015 年成長 303% 及 59% 。而量測與自動化檢測系統產品線也較 2015 年成長 18%

展望 2017 年，公司預期營收將持續成長，主要受惠於

電動車產業之蓬勃發展帶動電子與電源等相關檢測設備需求提升。
半導體測試解決方案將會有兩位數成長，主要來自於 SLT 設備需求提升及 LD 雷射二極體 (VCSEL 垂直共振腔面射型雷射 ) 新測試設備銷售貢獻。

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Test Instruments & ATS

TECHNOLOGY

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Passive Impedance Measurement
Comp. Testing Wide Freq. range: 30MHz
Insulation Resistance Test
Battery Testing Simultaneous Partial Discharge detection
Hi-pot Test and PD Test function
Electrical
High accuracy current meter : 0.1uA ~ 100uA
Safety
Measure. range: 1pC ~2000pC, 0.1pC resolution
’16 ’17
MARKET Portable & Wearable Device/IoT Battery Cell Optical Coupler/Transistor/Motor
HF LCR Meter
11050-30M
Battery Cell Insulation Tester
11210-K
Partial Discharge Tester
19501-K
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SOLUTION

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Battery Cell Manufacture Process

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Lamination
Test
between electrodes
Battery Cell Insulation Tester
11210-K
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Folding
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Test
between electrode and case
11210-K
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Package

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Test
between electrodes
11210-K
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Seal in aluminum film Case

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Test Instruments & ATS

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TECHNOLOGY Independent 8K Graphics Core
HDMI 2.0a / DisplayPort 1.3
8K Pattern switch time <200ms
Video /FPD
Testing
8K x 4K@60Hz 8K x 4K@120Hz
High Precision/High Speed
AOI 2D & 3D Measuring
2.5sec/pcs
High Voltage : 50V – 1000V
Power High Power 30KW – 300KW (parallel)
High Power : 60KW – 300KW
Testing Active AC load, Regenerative to Grid
Regenerative to Grid
’16 ’17
MARKET Display UPS/ EVSE/ Micro Grid/ PCS/PV Inverter EV / ESS Battery Pack
8K Video Pattern Generator 8K FPD Tester
2238 2918
Multi-Functional
Dimension Measuring
System 7505
Regenerative AC Load Regenerative Battery
61800 Pack Test System
SOLUTION
17040
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Semiconductor Test Solutions – 1/2

TECHNOLOGY

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PXIe form factor, Best Cost Of Ownership
Logic Testing
32- 256 digital pins, 100Mbps
SoC/VLSI Full Application & Flexible Config.
RF Testing WiFi/BT/LTE/GPS/Connectivity IC
IC Testing Thermal Engine
Handler Nitro TEC + Hybrid Chiller
’16 ’17
MARKET RF/Connectivity ICs, IoT, MEMS, Sensors, PMIC, MCU
+
RF Tester MP5800
Model 33010
3380x VLSI/3650x SoC
Test System
Full Range Active Thermal Control
SOLUTION
SLT Handler 3260C
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Semiconductor Test Solution – 2/2

TECHNOLOGY

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Laser Diode 6” VCSEL Wafer High Density Burn-in Module
Testing NF & FF Testing 256Ch SMU/module, and Spike free
High Speed Double Side Inspection
Laser Diode
15 ms per chip
AOI
’16 ’17
MARKET Laser Diode/ Fiber Optical Communication 3C Cosmetics
VCSEL Wafer Probing Laser Diode Burn-In
Test System Test System
58635 58604
Wafer Chip Inspection System
7940
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SOLUTION

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Innovation in Laser Diode Test Solution

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Wafer
New
New
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Module
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Package

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New
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New
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• VCSEL Wafer • Wafer Chip • Laser Diode • Laser Diode • TO-CAN Package
Probing Test System Inspection System Characterization System Burn In System Inspection System
58635 7940
Wafer
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• TOSA/BOSA Temperature
Control System
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Substrate
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Package
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Patterning

Dicing

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www.chromaate.com

let’s make a better world

Thank You!

27 27

AI assistant

CHROMA Interim / Quarterly Report 2016

52029_rns_2017-02-21_d5bfec8e-6b7b-4ac6-9a5f-eb1569e05e24.pdf

Disclaimer

議程

公司簡介

公司簡介

財務表現

財務表現

股東權益報酬率

股利政策

致茂電子全球據點

Global Employees ： 2,497  , Branch Offices x24, Distributors x72

財務數據

2016年累計合併損益表摘要

資產負債摘要及財務指標

本季重點摘要

營業收入營業毛利營業利益率 2,373

第 4 季重點摘要

2016年第4季損益表摘要(母公司)

2016年累計損益表摘要(母公司)

資產負債摘要及財務指標

營運概況

各產品線銷售佔比

銷售佔比 (累計)

A Turnkey Solution and Intelligent Automation Line Provider

合併營收佔比

Test Instruments & ATS

TECHNOLOGY

Battery Cell Manufacture Process

Test Instruments & ATS

Semiconductor Test Solutions – 1/2

TECHNOLOGY

Semiconductor Test Solution – 2/2

TECHNOLOGY

Innovation in Laser Diode Test Solution

Package

www.chromaate.com

let’s make a better world

Thank You!

AI assistant

CHROMA — Interim / Quarterly Report 2016

52029_rns_2017-02-21_d5bfec8e-6b7b-4ac6-9a5f-eb1569e05e24.pdf

Disclaimer

議程

公司簡介

公司簡介

財務表現

財務表現

股東權益報酬率

股利政策

致茂電子全球據點

Global Employees ： 2,497  , Branch Offices x24, Distributors x72

財務數據

2016年累計合併損益表摘要

資產負債摘要及財務指標

本季重點摘要

營業收入 營業毛利 營業利益率 2,373

第 4 季重點摘要

2016年第4季損益表摘要(母公司)

2016年累計損益表摘要(母公司)

資產負債摘要及財務指標

營運概況

各產品線銷售佔比

銷售佔比 (累計)

A Turnkey Solution and Intelligent Automation Line Provider

合併營收佔比

Test Instruments & ATS

TECHNOLOGY

Battery Cell Manufacture Process

Test Instruments & ATS

Semiconductor Test Solutions – 1/2

TECHNOLOGY

Semiconductor Test Solution – 2/2

TECHNOLOGY

Innovation in Laser Diode Test Solution

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CHROMA Interim / Quarterly Report 2016

營業收入營業毛利營業利益率 2,373