PANJIT — Annual Report 2024

Mar 19, 2025

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強茂股份有限公司

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三月 2025

◼ 關於強茂

◼ 2024 Q4 & 2024 FY ◼ 新產品 ＆ 技術藍圖 ◼ 汽車應用

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強茂股份有限公司

2024 營收: NTD$ 12.5 Billion (2481.TW)

產品: IC, MOSFET, SiC, IGBT, Diodes, TVS, ESD, Zener, Bridge, Transistor

應用: Automotive, Medical, Green Energy, High Performance Computing, Consumer, IoT

熒茂光學股份有限公司

2024 營收: NTD$ 990 Million (4729.TW) 產品: Touch Panel, Display 應用: Automotive, IPC, Military

凡甲科技股份有限公司

2024 營收: NTD$ 3.2 Billion (3526.TW) 產品: Connector, F cable, USB-Type C 3.1 應用: Automotive, Medical, Communication, Consumer

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Group
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虹冠電子工業股份有限公司

2024 營收: NTD$ 816 Million (3257.TW) 產品: Power Management IC 應用: Gaming PC/Adapter, Industrial PC, 5G Power

汎星半導體股份有限公司

產品: ESD, MOSFET

應用: NB, PC, Automotive, Power Supply, Motor Driver

興茂科技股份有限公司

產品: Motor MCU, Power Management IC, Signal Chain IC

應用: AI/General Computing, Motor Fan, Industrial PC, Consumer, Power Supply

2024 Q4 合併綜合損益表

單位：百萬元新台幣 營業收入 營業毛利 營業毛利率 推銷費用 管理費用 研究發展費用 營業費用 營業淨利 營業淨利率 營業外收入及支出 所得稅 本期淨利 純益率 每股稅後盈餘	2024 Q4 3,011.5 937.7 31.1% 208.2 270.4 268.9 751.5 186.1 6.2% 94.5 54.3 226.3 7.5% 0.54	2024 Q3 3,335.1 974.1 29.2% 192.9 282.7 259.4 739.6 234.4 7.0% 96.6 40.7 290.3 8.7% 0.66	QoQ -9.7% -3.7% 1.9 ppts 7.9% -4.4% 3.7% 1.6% -20.6% -0.8 ppts -2.2% 33.4% -22.0% -1.2 ppts -18.2%	2023 Q4 3,030.4 771.1 25.4% 169.5 222.2 225.0 619.5 151.6 5.0% 39.9 7.8 183.7 6.1% 0.38	YoY
					-0.6% 21.6% 5.7 ppts 22.8% 21.7% 19.5% 21.3% 22.8% 1.2 ppts 136.8% 596.2% 23.2% 1.4 ppts 42.1%

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損益表重要指標

營業收入 (Unit: M’ NTD)

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4,000
3,335.1
3,030.4 3,011.5
3,000
2,000
4Q23 3Q24 4Q24
Revenue
營業淨利率
10%
7.0%
6.2%
5.0%
5%
0%
23Q4 24Q3 24Q4
Operating Profit Margin
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營業毛利率

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40%
31.1%
29.2%
30% 25.4%
20%
10%
0%
4Q23 3Q24 4Q24
Gross Margin
純益率
10% 8.7%
7.5%
6.1%
5%
0%
4Q23 3Q24 4Q24
Net Profit Margin
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資產負債表及重要財務指標

資產負債表項目 單位：百萬元新台幣 現金及約當現金 應收帳款 存貨 採用權益法之投資 不動產、廠房及設備 資產總計 流動負債 非流動負債 負債總計 權益總計 重要財務指標 平均收現日數 平均銷貨日數 營業活動現金流量	2024Q4 Amount % 2,361 8.2% 3,940 13.7% 2,739 9.5% 2,198 7.7% 7,322 25.5% 28,743 100.0% 7,206 25.1% 6,017 20.9% 13,223 46.0% 15,520 54.0% 122 117 846	2024Q3 Amount % 2,125 7.4% 4,431 15.5% 2,618 9.1% 2,106 7.4% 7,462 26.0% 28,671 100.0% 7,400 25.8% 6,088 21.2% 13,488 47.0% 15,183 53.0% 117 103 614	2023Q4
			Amount % 3,077 10.7% 4,226 14.7% 3,007 10.5% 2,018 7.0% 7,801 27.2% 28,683 100.0% 7,110 24.8% 6,938 24.2% 14,048 49.0% 14,635 51.0% 130 123 257

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資產負債表重要指標

營業活動現金流量 (Unit: M’ NTD)

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1,000 846
614
500
257
-
4Q23 3Q24 4Q24
Cash from operating activities
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平均收現日數

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140
130
122
117
120
100
4Q23 3Q24 4Q24
A/R Turnover Days
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存貨佔資產

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15%
10.5%
9.5%
9.1%
10%
5%
4Q23 3Q24 4Q24
Inventories by Total Assets
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平均銷貨日數

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123
117
120
103
100
80
4Q23 3Q24 4Q24
Inventory Turnover Days
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2024 合併綜合損益表

單位：百萬元新台幣 營業收入 營業毛利 營業毛利率 推銷費用 管理費用 研究發展費用 營業費用 營業淨利 營業淨利率 營業外收入及支出 所得稅 本期淨利 純益率 每股稅後盈餘	2024 12,536.2 3,597.1 28.7% 746.0 1,059.1 972.1 2,784.2 812.9 6.5% 454.7 190.2 1,077.4 8.6% 2.40	2023 12,707.3 3,208.1 25.3% 676.3 860.6 832.7 2,374.3 833.7 6.6% 331.4 152.1 1,013.0 8.0% 2.15	YoY
			-1.3% 12.1% 3.4 ppts 10.3% 23.1% 16.7% 17.3% -2.5% -0.1 ppts 37.2% 25.0% 6.4% 0.6 ppts 11.6%

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強茂全球佈局

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JP
US 1%
China 2%
Shandong
China
Germany
Munich Xuzhou SEA
China
China South Korea
6%
Wuxi / Suzhou Yongin 58%
U.S.A Korea
China 12.5B NTD
San Jose
Shenzhen/ Hong Kong Japan 9% 2024
Tokyo New U.S.A
Taiwan Revenue
India Phoenix
New Delhi New Taipei EMEA
Bangalore Taiwan
10%
Pune Hsinchu
Hyderabad New TW
Taiwan
14%
Taiwan
Headquarters
Kaohsiung PYNMAX
Kaohsiung
Philippines
New Cabuyao New
Singapore
Headquarters Regional R&D Sites Front-End Back-End
Headquarters
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市場應用

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By 產品
BJT 3% SiC 1%
ESD 4% 2024
Switching 6%
Zener 6%
汽車電子
MOSFET 30%
TVS 7%
車載充電
Schottky 29%
Rectifier 14%
電腦運算
By 市場應用
通訊3% 2024
資料中心
電源供應13%
車用電子30%
電腦運算15%
工控&綠能18%
消費型電子21%
Copyright© 2025 PANJIT International Inc. All rights reserved.
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營收分析– 產品

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By 產品 By 產品
2024 2023
BJT SiC BJT SiC
ESD ESD
3% 1% 3% 1%
4% 4%
Switching Switching
6% 5%
Zener
Zener
6%
MOSFET
6%
30% Schottky
34%
TVS
TVS
7%
7%
Rectifier
Rectifier 13%
14%
Schottky MOSFET
29% 27%
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營收分析– 市場應用

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By 市場應用 By 市場應用
2023
2024
通訊 通訊
電源供應
電源供應
3% 11% 3% 車用電子
13%
23%
車用電子
30%
電腦運算
電腦運算
17%
15%
消費型電子
22%
工控 & 綠能 消費型電子
工控 & 綠能
18% 21%
24%
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未來技術創新藍圖

		2024	2025	2026	2027	2028
	LV MOSFET	SGT Gen.2 N/P-Ch 30/40V Low RSP	SGT Gen.3 N-Ch 40V Low FOM	SGT Gen.3 N-Ch 30/40V Line up
	MV MOSFET	SGT Gen.2 N-Ch 80/100V	SGT Gen.3 N-Ch 60/80/100V	SGT Gen.3 N-Ch 150/200V	SGT Gen.3 N-Ch 60V-200V Line up
	SJ MOSFET	Gen.2 FR 650V	Gen.2 FR 650V Line up	Gen.1 Easy 900V		Gen.3 EZ/FR 650V
	FS Trench IGBT	Gen.1 HS 1200V	Gen.1 MS 650/1200V	Gen.2 HS 650/1200V	Gen.2 Voltage Extension
		Gen.1.5	Gen.3	Gen.3		Gen.4
	SiC Diode	650V/1200V	650V/1200V	650V/1200V Line up		750V/1200V/1700V
			Gen.1	Gen.1	Gen.1	Gen.2
	SiC MOSFET		1200V	750V/1200V Line up	1700V	750V/1200V
	FRED		Gen.2 650V/1200V	Gen.3 650V/1200V
	Deep	Gen.1	Gen.2	Gen.3
ESD	Snapback High Surge	1-28V Low Cj Gen.1 Uni 5-36V/19A	Gen.2 Uni3.3-48V/100A 24-36V Low Cj	Gen.2 Bi2.5-48V/19A 48V Low Cj	Gen.2 Bi2.5-72V/100A
	TVS		Gen.2 Bi 200-1.5kW, TJ175℃	Gen.2 Bi 3-5KW, TJ175℃
	Load Dump		H-Type		H-Type
	TVS		Bi 6.6KW, TJ175℃		Bi 8KW, TJ175℃

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汽 車 應 用
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車用產品營收趨勢 2024

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AEC-Q101 parts business trend
YoY
+36 %
2017 Y 2018 Y 2019 Y 2020 Y 2021 Y 2022 Y 2023 Y 2024 Y
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產品數量
2K+ Parts
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年出貨量
4.73B
Pcs. in 2024
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全球涵蓋
20+ 國家數
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全球服務客戶
300+
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YOUR COMPONENT OUR PROFESSION

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