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Macronix — Interim / Quarterly Report 2017
Oct 26, 2017
52013_rns_2017-10-26_77411ca9-40b9-4df5-bd48-86658857b246.pdf
Interim / Quarterly Report
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旺宏電子 2017 年第三季法人說明會
October 26, 2017
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免責聲明
本簡報與會議中之討論內容包含有關於旺宏電子(股)公司營運、財務狀況與對未來
預期之前瞻性描述，此前瞻性描述將受到已知與未知不確定因素與風險的影響，而造成
實際結果與前瞻性描述中預期或暗示的結果可能存在重大差異。
前述之不確定性因素與風險包含但不限於競爭產品/價格競爭的影響、客戶對公司
產品設計之接受度、公司即時的引進新技術、公司對新產品的即時量產能力、整體半導
體產業供需的轉變、產能過剩、產能供給、終端市場的財務狀況及其他等等風險。
本簡報與會議內容中之前瞻性描述乃反映目前本公司對整體營運之看法，旺宏電子
(股)免除日後更新、通知之責任。
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2017 年第三季營運概況
2017 第三季 2017 第二季 實際營運 實際營運
營收淨額 NT$10.5B NT$ 6.6B 營業毛利率 38.4% 33.8% 營業淨利率 20% 9%
-
營收淨額較上季增加59%，主因為客戶對各類產品的強勁需求：ROM(+209% QoQ), NAND(+100%) and NOR(+23%) -
營業毛利率較上季增加4.6個百分點，主因為較高容量產品銷售組合及 較有利的價格 -
營業淨利率較上季提高11個百分點，主因為 營業毛利增加且營業費用 僅適度地增加
Copyright © Macronix International Co., Ltd.
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2017 年第三季合併綜合損益比較表
單位：新台幣佰萬元(每股盈餘為元)2017/Q3 2017/Q2 2016/Q3 營業收入淨額10,467 6,563 7,092 營業毛利4,022 2,216 2,176 營業毛利率38.4% 33.8% 30.7% 營業費用(1,923) (1,631) (1,500) 營業淨利2,098 585 676 營業利益率20% 9% 10% 營業外收(支)30 37 (41) 稅前淨利2,128 622 635 所得稅費用(利益)5 6 2 本期淨利(損)2,123 616 633 其他綜合損益138 107 187 本期綜合損益2,261 723 820 淨利歸屬予本公司業主2,123 616 633 非控制權益(0) (0) (0) |
QoQ YoY Change Change 59% 48% 81% 85% 4.6ppt 7.7ppt 18% 28% 259% 210% 11ppt 10ppt 242% 235% (17%) 124% 245% 236% 29% (27%) 213% 176% 245% 235% |
|---|---|
基本每股盈餘* -- NT$ 1.200.35 0.36 |
243% 233% |
| EBITDA 2,667 1,171 1,219 流通在外加權平均股數1,766 1,763 1,751 |
計算每股盈餘時，減資彌補虧損之影響已追溯調整
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股東權益報酬率 ( 母公司 )
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20%
20%
9%
10%
4%
0%
17Q1 Q2 Q3
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2017Q3 年財務重要資訊
2017Q3 Sales = NTD 10,467M +48% YoY
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營業收入
單位：新台幣佰萬元
12,000
24,125M
9,000
6,000
3,000
0
16Q1 Q2 Q3 Q4 17Q1 Q2 Q3
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營業毛利
單位：新台幣佰萬元
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4,500
5,836M
3,000
1,500
0
16Q1 Q2 Q3 Q4 17Q1 Q2 Q3
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2017Q3 年財務重要資訊
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2017Q3 2016Q3
營業毛利率 38.4% 30.7%
基本每股盈餘 NTD 1.20 0.36
基本每股盈餘
營業毛利率
( 追溯調整 )
GM% NTD
40% 38.4% 1.50 (0.14)
32% 34% 1.20
30.7% 1.20
27%
0.90
0.60 0.36 0.41 0.35
20%
15% 14% 0.12
0.30
0.00
16Q1 Q2 Q3 Q4 17Q1 Q2 Q3
(0.30)
(0.39)
0% (0.60) (0.52)
16Q1 Q2 Q3 Q4 17Q1 Q2 Q3
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2017 年第三季合併簡明資產負債表 / 現金流量資訊
單位：新台幣佰萬元 ( 每股淨值為元 )
單位：新台幣佰萬元(每股淨值為元) |
||
|---|---|---|
| 2017/09/30 | 2017/06/30 | |
現金及約當現金 |
6,883 | 5,406 |
存貨(淨額) |
9,389 | 9,075 |
固定資產 |
15,490 | 15,204 |
總資產 |
41,361 | 36,980 |
短期應計息負債 |
8,233 | 7,822 |
長期應計息負債 |
963 | 1,215 |
總負債 |
19,656 | 17,591 |
股東權益 |
21,705 | 19,389 |
負債佔資產比率(%) |
47.5% | 47.6% |
每股淨值(追溯調整) |
12.04 | 10.75 |
| 2017/Q3 | 2017/Q2 | |
折舊&攤銷 |
488 | 492 |
資本支出 |
(657) | (122) |
營業活動淨現金流入(出) |
1,970 | 608 |
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2017 年第三季銷售額分析 - 產品別 ( 母公司 )
Unit: NTD Million
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12,000
14%
9,000
QoQ YoY
48
11% Change Change
6,000 11% %
NAND +100% +78%
53% NOR +23% +36%
63%
ROM +209% +70%
3,000
FBG +8% +14%
32%
28% * FBG (foundry business group)
17%
8% 9% 6%
0
2016Q3 2017Q2 2017Q3
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2017 年第三季銷售量分析 - 產品別 ( 母公司 )
Unit : Million
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900
6%
4%
QoQ YoY
600 7%
Change Change
NAND +55% +12%
90% NOR +3% +31%
94%
300 ROM +142% +98%
91%
FBG +3% +20%
Equivalent 8” WF base for FBG
(foundry business group)
2% 2% 4%
0
2016Q3 2017Q2 2017Q3
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營運現況 - ROM
ROM business
-
≥ 64Gb
容量產品佔2017年第三季ROM營收59% -
來自於新遊戲平台對於高容量產品之需求增加
2,015
2,100
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Density shipment index: 2013Q1 =100
1,400
1,064
700
517 478
365 352 374
285 267
200
168
149
100 115 102 126 82 118 93
0
13Q1 Q2 Q3 Q4 14Q1 Q2 Q3 Q4 15Q1 Q2 Q3 Q4 16Q1 Q2 Q3 Q4 17Q1 Q2 Q3
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營運現況 - NOR Flash
250
Density shipment index: 2013Q1 =100
125
202 190 182 180 179 171 169 161 151 151 150 134 135 134 128 125 119 113 100 13Q1 Q2 Q3 Q4 14Q1 Q2 Q3 Q4 15Q1 Q2 Q3 Q4 16Q1 Q2 Q3 Q4 17Q1 Q2 Q3
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0
營運展望 - NOR Flash
NOR flash business
-
≤75nm
製程產品佔2017年第三季NOR營收54% -
以業界最佳的產品品質與效能，旺宏於全球客戶獲 得更多業務與市佔率 -
持續維持NOR的第一名產業地位
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≤ 55 nm
NOR (by tech & sales) ≤ 75 nm
NTD % ≧ 0.10μm
100% 1% 1% 1% 2% 2% 3% 1% 3%
80% 39%
42% 46% 49% 46% 43% 48% 51% 46%
50%
60%
40%
61%
58% 53% 50% 53% 55% 50% 46% 53% 47%
20%
0%
16Q1 Q2 Q3 Q4 17Q1 Q2 Q3 2015 2016 2017
(E)
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Accumulative design-win case count
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900
LD (512K~16M)
800
700 MD ( 32M~128M)
600 HD (≥256M )
500
400
300
200
100
0
16Q1 Q2 Q3 Q4 17Q1 Q2 Q3
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Speedy growth in automotive segment
Revenue
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2011 2012 2013 2014 2015 2016 2017
Q1~Q3
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- 營運現況 2017 年第三季 NOR Flash 產品應用分析
2017 年第三季 NOR 營收分析
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Consumer,
31%
Comm, 31%
Computer,
21%
I.M.A., 8% Auto , 9%
Comm: including handsets
I (Industrial), M (Medical), A (Aero space-defense)
2017Q3 NOR Qty breakdown
Computer Consumer Communication Automotive
QTY. -4% QoQ +10% QoQ +4% QoQ +6% QoQ
(M ea)
+10% YoY +24% YoY +68% YoY +6% YoY
300 300 300 100
150 150 150 50
0 0 0 0
2017Q2 2017Q3 2017Q2 2017Q3 2017Q2 2017Q2 2017Q2 2017Q3
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- I (Industrial), M (Medical), A (Aero space-defense)
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營運現況與展望 - SLC NAND
SLC NAND flash business
-
實際需求高於預期 -
因出貨價、量齊揚，NAND業績較上季成長100%
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Accumulative design-win
case count of 36nm
500
322 [366 412 ]
282
229
250
123
49
0
2016Q1 Q2 Q3 Q4 2017Q1 Q2 Q3
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SLC NAND Flash equivalent density shipment
2017 年第三季 NAND 營收分析
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Total density (Tb) 350,000
Density shipment index: 36 nm
2016Q1 =100
75 nm
Index
500
120,000 175,000 Consumer, Comm, 59%
311 100,000 32%
279 276
225 241 80,000
250 199 60,000 Others, 9%
100 40,000
20,000
0 0 0
16Q1 Q2 Q3 Q4 17Q1 Q2 Q3
2015 2016 2017 (E)
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Copyright © Macronix International Co., Ltd.
For more information regarding Macronix http://www.macronix.com
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For all inquiries, suggestions and comments [email protected]