FocalTech — Interim / Quarterly Report 2017

Jun 21, 2017

106 6 年 月

www.focaltech-electronics.com

上市代號

3545

105 年營收

NT$ 110 億元

市值 (106 年 5 月 )

~NT$ 90 億元

員工人數 (106 年 5 月 )

~850

現金股利

NT$ 0.64/ 股

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全球布局
South San Jose
Korea (USA)
Beijing
Japan
Nanchang
Xi’an
Shanghai
Wuhan
Taiwan
Shenzhen Xiamen
R&D / Operation
Sales/Technical Support Location
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核心能力
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完整產品組合
廣大客戶基礎 堅強供應鏈
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面板驅動IC

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包含系統單晶片、源極驅動、閘極
驅動、Feature driver (源極+時序
控制器)、時序控制器
觸控IC
敦泰
自/互電容觸控IC支援1.5”~ 15”
面板
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支援內嵌觸控之非晶矽與低溫多 晶矽薄膜電晶體液晶顯示器

鍍膜 / 蓋板式電容感應器 / 玻璃 下光學感應器

支援車用與商用之觸控 IC 與面 板驅動 IC

支援硬式 / 軟式主動矩陣有機發 光二極體面板之觸控 IC 與面板 驅動 IC

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完整人機介面解決方案
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LCD驅動IC
主動筆
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驅動觸控整合單晶片
(IDC)
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客戶群
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應用類別 客戶群
Tablet
Smartphones
E‐ Readers
Wearable Device
Automotive
Laptop
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Hero4: touch screen on the back

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Panasonic

Model Name: UN-JL15T2

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Montblanc

Model Name: Summit

Application: Smart Robot Model Name: XiaoYuZaiJia

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Model Name: G5 Plus Model Name: P10 Plus

Moto

Huawei

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Model Name: A1 Plus

Model Name: Redmi Pro

Gionee

Xiaomi

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Model Name: Y67

vivo

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Model Name: ZenPad 10

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ASUS
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IDC 量產機型
HD
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S G S L G H****

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G H M H X B
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季度營收
NT$ MM
Revenue
4,000
3,500 3,202
2,948 2,960 [3,056]
3,000 2,900
2,429
2,694
2,500 2,309
2,161
2,000
1,500
1,000
500
0
15'Q1 15'Q2 15'Q3 15'4Q 16'Q1 16'Q2 16'Q3 16'Q4 17"Q1
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季度毛利 / 淨利
NT$ MM
Gross Profit Net Profit
628 627
580
600 552
536
504
498
432
376
200
200
145
66
93
63
29
‐ ‐8
97
‐56
15'Q1 15'Q2 15'Q3 15'Q4 16'Q1 16'Q2 16'Q3 16'Q4 17'Q1
‐200
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毛利率
%
24
23.3
23.0
21 20.5
19.6
18.7
18.2
18
17.4
17.2
15.5
15
12
15' 1Q 15' 2Q 15' 3Q 15' 4Q 16' 1Q 16' 2Q 16' 3Q 16' 4Q 17'Q1
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Amt: in NT$ M

		106 Q1	106 Q1	105 Q4	105 Q4	105 Q1	105 Q1	QoQ	YoY
	營收	2,161.1	100.0	2,693.5	100.0	2,308.6	100.0	‐20%	‐6%
	成本	1,663.1	77.0	2,066.6	76.7	1,876.7	81.3	‐20%	‐11%
	毛利	498.0	23.0	626.9	23.3	431.9	18.7	‐21%	15%
	營業費用	481.9	22.3	515.0	19.1	524.5	22.7	‐6%	‐8%
	營業淨利	16.1	0.7	111.9	4.2	(92.6)	‐ 4.0	‐86%
	業外損益	(26.5)	‐ 1.2	46.6	1.7	(12.0)	‐ 0.5		121%
	稅前淨利	(10.4)	‐ 0.5	158.5	5.9	(104.6)	‐ 4.5		‐90%
	所得稅	2.2	0.1	(13.5)	‐ 0.5	5.6	0.2		‐60%
	淨利	(8.2)	‐ 0.4	145.0	5.4	(99.0)	‐ 4.3		‐92%
	每股盈餘	(0.01)		0.51		(0.34)			‐97%

Note: EPS‐ ‐based on weighted average outstanding common shares.

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Amt: in NT$ M

		106/3/31	105/12/31	105/3/31	QoQ	YoY
	總資產	14,131	14,957	14,723	‐6%	‐4%
	現金與約當現金	4,456	5,571	7,337	‐20%	‐39%
	應收帳款	1,145	1,334	1,118	‐14%	2%
	存貨	3,031	2,538	2,355	19%	29%
	總負債	3,029	3,519	3,339	‐14%	‐9%
	短期借款	607	645	245	‐6%	148%
	應付帳款	1,272	1,541	851	‐17%	49%
	可轉換公司債	0	0	961		‐100%
	股東權益	11,102	11,438	11,384	‐3%	‐2%
	淨現金流入	(1,051)	1,575	543
	營業活動現金流入	(796)	1,148	354
	每股淨值(NT$)	37.38	38.57	38.69
	應收帳款周轉天數	52	48	53
	存貨周轉天數	153	106	119

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106 年第 1 季總結
，
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• 106年第1季營收21.6億元，較上季減少20%並較去年同期減少6%， 主要是受季節性、台幣升值與低階需求疲弱影響。這在傳統觸控與顯 示驅動產品線方面比較明顯，但IDC產品出貨仍較前一季有明顯成長。

• Q1毛利率與上季相似，維持在23%區間；對比去年同期則明顯增加 4.3百分點。

• 本業連續四個季度獲利，單季與前一年相比有大幅進步。在淨利方面 受不利的匯率因素影響，轉為虧損約8佰萬元。但因本業獲利顯著改 善，本季淨利損失與去年同期相比，也大幅縮小。

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• 全球第一季發表的智慧型手機中，數款皆採用敦泰LTPS FHD IDC 方案， 其中包含華為最新Nova系列產品。

• 華為於第一季發表的旗艦系列產品 P10 Plus係採用敦泰WQHD驅動IC 方案。

• 敦泰新世代減光罩FT8006系列產品已於3月進入小批量產。

• 敦泰滿足AMOLED面板特性的觸控方案可應用於穿戴式裝置與智慧型手 機，已協助客戶完成佰萬顆以上的出貨實績。

• 繼表面塗層式的指紋辨識產品於去年進入量產之後，敦泰支持玻璃蓋 板結構的指紋感測器即將於第2季度進入試量產。

• 敦泰4月份於深圳舉辦產品發表會，並將最新開發的光學指紋感應技術 介紹與市場了解。

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• 智慧型手機廠商將於第2季展開新機備貨，因此預期第2季出貨量 將較上一季成長。惟低階產品需求仍可能低於季節性表現。上季 法說會提及的不確定性因素，如零組件短缺及漲價問題，似乎仍 持續發酵中。

• 繼小米Mix、三星 Galaxy S8 及 LG G6的發表，中高階智慧型手機 廠商正加速 18:9面板窄邊框設計的導入，預期今年下半年可見越 來越多的全面屏手機上市。此改變對IDC的需求在長期是有利的， 但因發生的比較突然，短期內已影嚮到既有款式的進展，可能會 引發短暫的成長延滯效應。

• 預期中高階產品出貨持續成長，產品組合改善，有助於保持良好 的毛利率水準。

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Copyright ©2017 FocalTech Systems Co., Ltd. All Rights Reserved.

The information in this document may contain predictive statements including, without limitation, statements regarding the future financial and operating results, future product portfolio, new technology, etc. There are a number of factors that could cause actual results and developments to differ materially from those contained in the predictive statements. Therefore, such information is provided for reference purpose only and constitutes neither an offer nor an acceptance. FocalTech makes no warranties, express, implied or otherwise, regarding the accuracy or completeness of those information. FocalTech may change the information at any time without keeping recipients updated of any information contained in this document.

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