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LPI — Call Transcript 2021
Nov 25, 2021
52036_rns_2021-11-25_8b7fefb6-73c1-4bcf-9a7b-0c1a3f52f694.pdf
Call Transcript
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Lingsen Precision Industries, LTD.
Third Quarter 2021 Results Investor Conference
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NOV.25,2021
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1
Safe Harbor Statement
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This following presentation may include predictions, estimates or other information that might be considered forward-looking. These forward-looking statements are based on information available to Lingsen as of the date of this conference and current expectations, forecasts and assumptions, and involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements and please keep in mind that except as required by law, we are not obligating ourselves to revise or publicly release the results of any revision to these forward-looking statements.
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Agenda
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Financial Results Business Outlook
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Q & A
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3
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Financial Results
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(YoY Comparison)
(Unit: NT$M)
Accounting Title |
2021/Q1~Q3 |
2021/Q1~Q3 |
2020/Q1~Q3 |
2020/Q1~Q3 |
YoY |
YoY |
|---|---|---|---|---|---|---|
$ |
% |
$ |
% |
$ |
% |
|
Net Revenues |
5,766 |
100.0 |
3,935 |
100.0 |
1,831 |
46.5 |
Gross Margin |
1,091 |
18.9 |
203 |
5.2 |
888 |
437.4 |
OP Expenses |
441 |
7.6 |
347 |
8.8 |
94 |
27.1 |
OP Income(loss) |
650 |
11.3 |
(144) |
(3.7) |
794 |
551.4 |
Non-OP Income & Exp. |
131 |
2.3 |
36 |
0.9 |
95 |
263.9 |
Income(loss) before Tax |
781 |
13.5 |
(108) |
(2.7) |
889 |
823.1 |
Income Tax Exp. |
(149) |
(2.6) |
(3) |
(0.1) |
(146) |
4,866.7 |
Net Income(loss) |
632 |
11.0 |
(111) |
(2.8) |
743 |
669.4 |
EPS(NT$) |
1.59 |
(0.30) |
(The financial statement was Reviewed, Not Audited.)
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(QoQ Comparison)
(Unit: NT$M)
Accounting Title |
2021/Q3 |
2021/Q3 |
2021/Q2 |
2021/Q2 |
QOQ |
QOQ |
|---|---|---|---|---|---|---|
$ |
% |
$ |
% |
$ |
% |
|
Net Revenues |
2,061 |
100.0 |
1,994 |
100.0 |
67 |
3.4 |
Gross Margin |
433 |
21.0 |
408 |
20.5 |
25 |
6.1 |
OP Expenses |
161 |
7.8 |
161 |
8.1 |
0 |
0.0 |
OP Income |
272 |
13.2 |
246 |
12.3 |
26 |
10.6 |
Non-OP Income & Exp. |
103 |
5.0 |
11 |
0.6 |
92 |
836.4 |
Income before Tax |
375 |
18.2 |
258 |
12.9 |
117 |
45.4 |
Income Tax Exp. |
(59) |
(2.9) |
(55) |
(2.8) |
(4) |
7.3 |
Net Income |
316 |
15.3 |
202 |
10.1 |
114 |
56.4 |
EPS(NT$) |
0.79 |
0.51 |
(The financial statement was Reviewed, Not Audited.)
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Q3 21 CONSOLIDATED BALANCE SHEETS /Cash Flows Highlights
(Unit :NT$M)
Accounting Title |
2021/9/30 |
2021/9/30 |
2020/12/31 |
2020/12/31 |
|---|---|---|---|---|
$ |
% |
$ |
% |
|
Cash & Cash Equivalents |
1,561 |
17.1 |
1,373 |
18.0 |
Accounts Receivable(Net) |
1,891 |
20.7 |
1,311 |
17.2 |
Inventories(Net) |
535 |
5.9 |
336 |
4.4 |
Property, Plant & Equipment |
3,843 |
42.1 |
3,492 |
45.7 |
Total Assets |
9,137 |
100.0 |
7,645 |
100.0 |
Short-term debts |
840 |
9.2 |
735 |
9.6 |
Long-term debts |
847 |
9.3 |
578 |
7.6 |
Total Liabilities |
3,381 |
37.0 |
2,512 |
32.9 |
Total Equity |
5,756 |
63.0 |
5,134 |
67.1 |
Book Value(NT$) |
14.85 |
13.28 |
||
2021/Q3 |
2020/Q3 |
|||
Depreciation & Amortization |
581 |
631 |
||
Capital Expenditures |
1,062 |
263 |
||
Cash Flow from Operating |
733 |
243 |
(The financial statement was Reviewed, Not Audited.)
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7
Sales Breakdown by Application (Parent Company)
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Application%
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35%
30%
25%
20%
15%
10%
5%
0%
NOR-flash /
Sensor IC Power IC RF-IC MCU Others
NAND-flash
Type of Application 33% 27% 16% 10% 4% 10%
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Business Outlook
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9
Business Outlook
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Strengthen supply chain management to ensure sufficient raw materials and supplies for production. Expand assembly capacity for RF IC, in the context of 5G & WiFi 6 application progress.
Continuously focus in the development of assembly technology for Sensor IC used in mobile devices.
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10
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Q & A
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11
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Thank you https://www.lingsen.com.tw
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12