Primax — Interim / Quarterly Report 2018

Oct 31, 2018

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致伸科技 (4915 TT)
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2Q18 財報法說

31 Jul 2018

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2Q18 營運成果
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Q18營運成果
Amount：NTD M	Q2 18		Q1 18	Q2 17	QoQ	YoY
Net Sales	14,798		11,884	13,835	24.5%	7.0%
COGS Gross Profit	13,081		10,423 1,460	12,052 1,783
	1,716
Gross Margin	11.6%		12.3%	12.9%	-0.7%	-1.3%
Operating Expense Operating Expense % Operating Income Operating Margin Non-operating Items Income before Tax Income Tax	1,320		1,216 10.2% 244 2.1% 208 453 107	1,191 8.6% 592 4.3% 88 680 183	-1.3% 62.2% 0.6% -2.2%
	8.9% 396					0.3% -33.0%
	2.7% 47					-1.6%
	443					-34.9%
	92
Net Income (Loss) from Continuing Operations	351		346	497	1.4%	-29.4%
Income (Loss) from Discontinued Operations	0		0	0
Net Income	351		346	497	1.4%	-29.4%
Net Margin Net income attributed to Primax EPS (NT$)	2.4% 339 0.76		2.9% 352 0.80	3.6% 462 1.05	-0.5% -3.9%	-1.2% -26.7%

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Amount ： NTD M

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季營收
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20,000 18,000

16,000 14,900 14,000

12,000

10,000

8,000 6,000 4,000 2,000

0

18,488

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17,535

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12,881

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13,835

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14,997

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19,028

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11,884

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14,798

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2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18

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營業毛利、營業毛利率
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Gross Profit

Gross Margin

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Amount ： NTD M
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2,400
2,193
2,105
2,101
2,100
1,981
1,783
1,800
1,716
1,618
1,561
1,460
1,500
1,200
900
600
300
0
2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18
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16.0%
15.0%
14.0%
13.2%
12.5% [12.9% ]
13.0% 12.3%
11.9% 12.0% 11.6%
11.0%
12.0%
10.5%
11.0%
10.0%
9.0%
8.0%
7.0%
6.0%
5.0%
4.0%
2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18
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營業淨利、營業淨利率
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Operating Profit

Operating Margin

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Amount ： NTD M
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8.0%
1,000
7.0%
900
842
6.0%
800 4.6%
5.0% 4.2% 4.3%
4.0%
3.9%
700 678
4.0%
2.8%
592 599 2.5% 2.7%
600 3.0%
536 2.1%
475 2.0%
500
423
1.0%
396
400
0.0%
2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18
300
244 -1.0%
200 -2.0%
-3.0%
100
-4.0%
0
-5.0%
2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18
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每股盈餘
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Amount ： NTD

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1.60
1.40
1.40
1.28
1.27
1.19
1.20
1.05
1.02
1.00 0.95
0.80
0.76
0.80
0.60
0.40
0.20
0.00
2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18
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2018 年第二季資產負債表
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018年第二季資產負債	表
Selected items from Balance Sheet (Amount：NTD M) Cash Notes and Accounts receivable Inventory Total Current Assets Fixed Assets Total Assets Notes and Accounts Payable S-T Borrowings CPLTD Total Current Liabilities L-T Borrowings Total Liabilities Total Equity	2018/6/30	Amt % 5,659 17% 11,345 34% 6,009 18% 23,957 72% 4,444 13% 2017/6/30
	Amt % 3,537 10% 12,939 35% 6,827 18% 25,447 69% 4,945 13%
	37,032 100%	33,159 100%
	13,576 37% 689 2% 66 0% 20,718 56% 265 1%	12,637 38% 548 2% 216 1% 19,387 58% 111 0%
	22,415 61% 14,618 39%	21,220 64% 11,939 36%
Key Indices AR Turnover (days) AP Turnover (days) Inventory Turnover (days) Cash Conversion Cycle (days) Current Ratio (%) Total Liabilities-to-Assets Ratio (%) Return on Equity (%) (annualized)	70 118 50 1 122.8 60.5 10.2%	71 113 47 5 123.6 64.0 15.4%

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2018 年第二季現金流量表
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8年第二季現金流量表
Amount：NTD M	Q2 18 YTD	Q2 17 YTD
From Operation	(1,989)	415
- Income before tax - Depreciation and amortization - Notes and Accounts receivable - Notes and Accounts payable - Inventory - Other Operating Sources / (Uses)	896 781 540 (2,927) 265 (1,545)	1,270 741 2,744 (4,569) 929 (700)
From Investment	(1,782)	(1,315)
- Fixed Assets - Changes in Equity investments under equity method - Other Investing Sources / (Uses)	(728) (1,357) 303	(658) 0 (37)
From Financing	(555)	308
- S-T Borrowings - L-T Borrowings - Other Financing Sources / (Uses)	(504) (109) 58	548 (274) 35
Net Cash Position Change Effect of foreign currency exchange translation Cash at beginning of year	(4,326) 42 7,821	(592) (108) 6,360
Ending Cash Balance	3,537	5,659

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3Q18 營運展望
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 營收較第二季大幅增長  Tymphany 高階聲學及消費智能應用平衡發展 整體需求強勁  車用多鏡頭模組開始出貨

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Thank you!
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Note

 All figures stated above are unaudited and subject to audit amendments  All number has reflected Global Tek restatement

 Record Quarter  Historical Record High

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Safe Harbor Notice
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• We have made forward-looking statements in the presentation. Our forward-looking statements contain information regarding, among other things, our financial conditions, future expansion plans and business strategies. We have based these forward-looking statements on our current expectations and projections about future events. Although we believe that these expectations and projections are reasonable, such forward-looking statements are inherently subject to risks, uncertainties, and assumptions about us.

• We undertake no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events in the conference might not occur and our actual results could differ materially from those anticipated in these forward-looking statements.

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