Laster Tech — Management Reports 2019

Dec 16, 2019

麗清科技股份有限公司 LASTER TECH CO., LTD. 公司簡介

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www.lastertech.com

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公司簡介 基本資料
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成立日期 民國88年8月27日

麗三上海貿易有限公司

資本額 新台幣682,840仟元 董事長 劉美秀 總經理 LED汽車照明之光學模組、 主要產品 LED燈具等

營運總部 台北總部，員工約70名

上海廠 員工約1,000人

海外工廠

員工約400人

東莞廠

麗清汽車科技(上海)有限公司

麗清汽車科技(上海)有限公司(武漢分公司) 麗清科技股份有限公司 (台北總公司) 翔澤國際股份有限公司

麗清電子科技(東莞)有限公司

麗清光電(深圳) 有限公司

麗清科技(泰國) 有限公司

武漢廠

其他

員工約40人

員工約15人

以上子公司均為麗清總公司100%持有

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麗清科技股份有限公司 2 LASTER TECH CO., LTD.

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公司簡介 主要產品
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LED車用照明模組
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我們提供LED的 垂直整合應用

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LED晶片及元件銷售
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LED照明燈具
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麗清科技股份有限公司 LASTER TECH CO., LTD.

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營運概況 汽車營收逐年成長
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單位：新台幣百萬元
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單位：新台幣百萬元
4,402
4,088
3,579
2,740
2,037
1,988
4,244
1,733
3,860
3,383
1,215
1,208 2,551
1,933
1,768
1,165
822
522
2011 2012 2013 2014 2015 2016 2017 2018 2019/1-6月
麗清旗下汽車營收自 LED車燈模組 2011 LED 年起因產品滲透率而快速穩定成長 照明燈具 LED晶片元件銷售
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麗清科技股份有限公司 LASTER TECH CO., LTD.

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營運概況 麗清汽車部之產業位階
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模組 車燈 LED元件 車廠 Tier 2 Tier 1

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華域視覺科技
廣州小糸車燈
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麗清科技股份有限公司 LASTER TECH CO., LTD.

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營運概況
麗清站穩中國LED車燈模組市場龍頭地位
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中國主要乘用車車廠新車銷售狀況

單位﹕輛

排 名	廠商	2019年1-6月 銷售量	主要配合 車燈廠	麗清 是否供應
1	上汽大眾	919,106	常州星宇，華域視覺(麗清)，武漢法雷奧，嘉興海拉， 大茂偉瑞柯（麗清）	是
2	一汽大眾	869,484	華域視覺(麗清)，長春海拉，常州星宇，大茂偉瑞柯 （麗清），長春馬瑞利	是
3	上汽通用	834,080	華域視覺(麗清)，海拉車燈，三立車燈，	是
4	吉利汽車	653,914	福州小糸（麗清），嘉興海拉，三立車燈(麗清)，迅馳 (麗清)，大茂偉瑞柯（麗清）浙江金業(麗清)、法雷奧	是
5	東風	534,329	華域視覺(麗清)，廣州小糸(麗清)，廣州斯坦雷，蕪湖安 瑞，迅馳(麗清)，南寧瞭望（麗清）	是
6	上汽通用五菱	430,468	南寧瞭望(麗清)，常州星宇	是
7	長城汽車	428,660	曼德光電，麗清科技	是
8	廣汽本田	387,877	廣州小糸(麗清)，廣州斯坦雷	是
9	一汽豐田	378,659	華域視覺(麗清)，廣州小糸(麗清)，廣州斯坦雷	是
10	長安汽車	374,456	華域視覺(麗清)，常州大茂(麗清)	是
前十名銷量合計		5,811,033
前十名銷量市占率		59%

．備註：市占率=乘用車車廠銷量/乘用車新車總銷量

．資料來源﹕蓋世汽車網

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麗清科技股份有限公司 LASTER TECH CO., LTD.

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競爭優勢
掌握LED車燈模組關鍵研發核心價值
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機構
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電子
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核心價值
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散熱
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• 光、機、熱、電整合設計

• 提供客製化服務

• 符合法規安全

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光學
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麗清科技股份有限公司 LASTER TECH CO., LTD.

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競爭優勢 擁有良好的訂單能見度
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LED車燈產品設計流程
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➢ 設計至量產期間
長達1~2年以上
➢ LED車燈訂單掌握
度及能見度高
Conceptual Design
概念設計圖
Optical Design Mechanical Structure
Electrical Design
光學設計 結構設計 電子設計
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麗清科技股份有限公司
LASTER TECH CO., LTD.
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競爭優勢 豐富經驗
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Automotive LED Module Assembly 車用LED模組總成 世界級的LED零件和模組質量

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Well-experienced 豐富的經驗 超過12年主機廠配合經驗 Technology and Capability 技術和能力 最新的LED車燈照明技術和全套設計開發能力 Cost Competitive 成本競爭力 全球採購以及與各大LED及零件廠商良好的長期合作關係 。

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麗清科技股份有限公司 LASTER TECH CO., LTD.

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未來展望 LED車燈未來成長潛力大
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全球LED 車燈市場滲透率(2012-2020)

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．資料來源：SNE Research

http://www.sneresearch.com/eng/service/report_show.php?mode=show&id=838

．2017 中國車用照明市場趨勢- LEDinside(2017/05/31)

http://www.ledinside.com.tw/research/20170531-34307.html

．LEDinside: 中國乘用車頭燈用LED產值2022年有望到達12.1億美金（2018/07/17）

https://www.ledinside.com.tw/research/20180717-35484.html

最後，所有傳統汽車車燈 終將全面汰換成LED車燈

頭燈 晝行燈 尾燈 車內燈

根據LEDinside最新報告指出，遠 近頭燈: 2017年在中國遠近燈僅有 2% LED滲透率 (國際市場的平均值 在12%)。最新《2018中國車用照 明市場報告》顯示，中國乘用車的 頭燈用LED產值在2022年預估將達 到12.1億美金，為各項車用應用中 最高。

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麗清科技股份有限公司 LASTER TECH CO., LTD.

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未來展望
看好全球LED車頭燈逐步取代傳統車燈
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根據國外研究機構Yole Developpement最新研究報告預估，全球LED 車頭燈市場 滲透率將持續提升

氙氣燈 鹵素燈

．資料來源：Yole Developpement 2017/10

https://www.slideshare.net/Yole_Developpement/automotive-lighting-technology-industry-and-market-trends-2017-report- - by yole developpement

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麗清科技股份有限公司 LASTER TECH CO., LTD.

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未來展望 LED車燈取代傳統車燈
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• （１）原本沒使用LED車燈的汽車導入LED車燈 （２）外觀更多部件導入LED車燈

傳統大燈&HID頭燈

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LED頭燈及日型燈 LED尾燈

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LED剎車燈及第三剎車燈
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使每台車搭載LED模組的單價持續提高

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麗清科技股份有限公司 12 LASTER TECH CO., LTD.

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未來展望
新能源車講求輕薄短小 更省電
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優勢

節能環保 低噪音 經濟 易保養 政策優惠

新能源車的燈具，必然採用LED作為光源 新能源車使用的零部件都要求輕薄短小，我們設計的模組正是如此 本公司截至目前為止，已承接50項以上新能源車專案

麗清科技股份有限公司 13 LASTER TECH CO., LTD.

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未來展望 LED車頭燈營收快速成長
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近五年LED車頭燈模組營收快速成長

500,000
450,000
400,000
350,000
300,000
250,000
200,000
150,000
50,000 100,000		0.8%	2.3%		2.7%	6.4%		7.4%	9.4%
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		2014	2015	2016		2017		2018	2019/1-6月
單位：人民幣(仟元)			尾燈	晝行燈	頭燈/霧燈		其他

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麗清科技股份有限公司 LASTER TECH CO., LTD.

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經營成果 簡明損益表
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單位﹕新台幣仟元

2015 2016 2017 2018

2019/1H

銷貨收入 2,740,041 3,585,383 4,088,040 4,404,913 銷貨成本 2,287,898 2,871,556 3,298,543 3,615,313 銷貨毛利 452,143 713,827 789,497 789,600 毛利率 16.50% 19.91% 19.31% 17.93% 營業費用 362,596 441,342 488,921 554,849 營業利益 89,547 272,485 300,576 234,751 營業利益率 3.30% 7.60% 7.35% 5.33% 業外收(支)淨額 (5,025) (24,203) 12,472 490 所得稅(費用) (14,180) (39,125) (52,875) (29,300) 稅後淨利 70,342 209,157 260,173 3,523 EPS(元) 1.27 3.45 3.81 3.02

2,032,562 1,707,204 325,358 16.01% 314,084 11,274 0.55% (4,353) (3,398) 26,451 0.05

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麗清科技股份有限公司 LASTER TECH CO., LTD.

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回台設廠 產品用途功能及優勢
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用途﹕用於車燈大燈模組，驅動及控制車燈所有功能

﹕ 功能

• 1.高低壓保護

• 2.輸出短路保護

• 3.啟停功能控制

• 4.溫度控制及保護

• 5.邏輯判斷功能

• 6.靜態電流保護

• 7.動態效果控制

﹕ 優勢

• 從傳統設計把功能驅動IC設計在 電路板上，集中到此控制器

• ◆ 維修替換容易，降低維修成本 ◆ 可使用在同品牌的不同車款的車 燈上，採購成本大幅下降

• 未來燈具功能日益複雜，功能集 中管理

客戶﹕最終出貨至美國通用汽車

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麗清科技股份有限公司 LASTER TECH CO., LTD.

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2014 Lacrosse RCL

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Excelle 2008 RCL

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通用汽車

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GL8 RCL

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GM Lacrosse 2009 RCL

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麗清科技股份有限公司
LASTER TECH CO., LTD.
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長城汽車

Haval H2 FP/FT DRL

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大眾汽車

2012 Passat DRL

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Haval H6 DRL

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2016 Magotan RCL

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麗清科技股份有限公司
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LASTER TECH CO., LTD.
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本田汽車

Vezel RCL

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豐田汽車

Corolla HEV DRL

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長安汽車 CS75 RCL HID

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觀致汽車 CS75 RCL HID

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麗清科技股份有限公司 19 LASTER TECH CO., LTD.

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捷豹路虎汽車 Jaguar XF Headlamp

奔馳汽車 Mercedes Benz ClassA RCL

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麗清科技股份有限公司 20 LASTER TECH CO., LTD.

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Q & A www.lastertech.com

哈弗H6

Passat

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