KYEC — Interim / Quarterly Report 2014

May 19, 2014

The Testing Industry Benchmark

京元電子股份有限公司 King Yuan Electronics Co., Ltd

2014 年第一季財務報告 1Q/14 Financial Summary

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The Content may contain forward-looking statements. These forward-looking statements are not historical facts and are based on expectations, estimates, and projections about our industry; our beliefs and assumptions; and our goals and objectives as of the date such forward-looking statements are first posted. Words such as "anticipates", "expects", "intends", "plans”, "believes", "seeks", and "estimates", and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are only predictions, are not guarantees of future performance, and are subject to risks, uncertainties, and other factors, some of which are beyond our control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

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2014 年第一季營運結果摘要 1Q/14 Operating Results Summary

單位:新台幣百萬元(NT$M)	14第一季	13第四季	13年第一季
項目	1Q/14	4Q/13	1Q/13
營業收入淨額(Net Sales)	3,529.6	3,696.9	3,382.0
本期淨利(Net Income)	431.0	381.7	358.5
每股盈餘(元) (EPS $NT)	0.36	0.32	0.30
現金及約當現金	8,630.5	8,708.4	8,778.1
(cash & cash Equivalents)
總資產(Total Assets)	37,883.7	37,338.3	36,369.6
股東權益	22,183.8	21,693.6	21,452.1
(Shareholders’ equity)
折舊費用(Depreciation)	1,057.4	1,112.6	1,188.3
資本支出(Capex)	1,720.7	974.6	1,070.2
未計利息稅額折舊及攤銷前利益	1,624.2	1,690.1	1,685.4
(EBITDA)

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損益表 - 2014 年第一季vs. 2013 年第四季 1Q/14 Income Statement QoQ Comparison

單位:新台幣百萬元(NT$M) 項目		1Q/14	1Q/14	1Q/14	%		4Q/13	4Q/13	4Q/13	%	QoQ %
營業收入淨額(Net Sales) 銷貨成本(COGS) 營業毛利淨額(GM) 營業費用(OP Exp.) 營業淨利(OP Income) 營業外收入及支出 (Non-OP Income & Exp.) 稅前淨利(EBT) 所得稅(費用)利益((Tax)benefit) 本期淨利(Net Income)		3,529.6 (2,567.7) 961.8 (449.2) 512.6 15.0 527.6 (96.6) 431.0			100 (73) 27 (13) 14 1 15 (3) 12		3,696.9 (2,686.9) 1,010.1 (449.4) 560.6 (23.1) 537.6 (155.9) 381.7			100 (73) 27 (12) 15 (1) 15 (4) 10	(4.5) (4.4) (4.8) 0 (8.6) (165.2) (1.8) (38.0) 12.9
普通股每股盈餘(元)(EPS NT$) 加權平均流通在外股數(仟股) Weighted Average outstanding shares(’k)				0.36 1,189,159					0.32 1,189,159

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損益表 - 2014 年第一季 vs. 2013 年第一季 1Q/14 Income Statement YoY Comparison

單位:新台幣百萬元(NT$M) 項目		1Q/14	1Q/14	1Q/14	%		1Q/13 %	1Q/13 %	1Q/13 %	YoY %
營業收入淨額(Net Sales) 銷貨成本(COGS) 營業毛利淨額(GP) 營業費用(OP Exp.) 營業淨利(OP Income) 營業外收入及支出 (Non-OP Income & Exp.) 稅前淨利(EBT) 所得稅(費用)利益((Tax)benefit) 本期淨利(Net Income)		3,529.6 (2,567.7) 961.8 (449.2) 512.6 15.0 527.6 (96.6) 431.0			100 (73) 27 (13) 14 1 15 (3) 12		3,382.0 100.0 (2,552.6) (75) 829.4 25 (402.8) (12) 426.6 13 26.9 1 453.5 14 (95.0) (3) 358.5 11			4.4 0.6 16.0 11.5 20.1 (44.0) 16.3 1.7 20.2
普通股每股盈餘(元)(EPS NT$) 加權平均流通在外股數(仟股) Weighted Average outstanding shares(’K)				0.36 1,189,159					0.30 1,187,752

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簡要資產負債表 - 2014 年 3 月 31 日 Balance Sheet Highlight – 2014 / 3 / 31

單位:新台幣百萬元(NT$M)	2014年		2013年
項目	3月31日	%	12月31日	%
現金及約當現金(Cash & Cash Equivalents)	8,630.5	23	8,708.4	23
長期投資(LT Investments)	1,757.2	5	1,741.2	5
固定資產(Fixed Assets)	20,742.0	55	19,834.7	53
總資產(Total Assets)	37,883.7	100	37,338.3	100
長期借款(LT debts)	10,137.0	26	10,666.1	28
一年到期之長期借款(LT debts payable	940.5	2	320.4	1
within ayear)
股東權益(Shareholders’ Equity)	22,183.8	59	21,693.6	58

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Sales Breakdown by Geography 全球營收分佈

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Overseas
Taiwan
42.3% Taiwan Overseas
53.2%
57.7% 46.8%
1Q14 4Q13
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KYEC

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Sales Breakdown by Process 製造類別營收分佈

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Assy-A
Assy-A 7.1%
6.7%
Wafer Sort
Wafer Sort
41.7%
43.1%
Final Test Final Test
50.2% 51.2%
1Q14 4Q13
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KYEC

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http://www.kyec.com.tw

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