PWT — Interim / Quarterly Report 2021

Dec 21, 2021

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銘旺科技股份有限公司 (Code:2429) AbonMax Co.,Ltd 2021 年法人說明會 Dec.22,2021

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簡報綱要 Agenda

公司簡介 Company Overview

營運成果 Financial Results 問與答 Q&A

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公司簡介 Company Overview

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廠區 Factory

公司名稱 銘旺科技(股)公司 AbonMax Co.,Ltd 地點 桃園市中壢工業區自強四路9號 (NO. 9. TZU-CHIANG 4TH RD., ZHONGLI DIST.,TAOYUAN CITY 320,) 股本 NTD 3.97億 (NTD 397M)

產品 強化蓋板玻璃(化學強化)(cs cover glass)、互動式電子白板(IFPD)、整合產品 (Integrated System)、液晶面板銷售(LCD panel)、存取記憶產品(Memory & Stora e g ) 廠房面積 4000坪 (4000pings) 員工人數 70人 (70 people )

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廠區 Factory

公司名稱	子公司:(subsidiary) 嵩達光電科技(股)公司 Abon Touchsystems Inc.
地點	宜蘭縣龍德工業區德興四路9號 (No.9, Dexing 4th Rd., Dongshan Township, Yilan County 269, Taiwan(R.O.C.))
股本	NTD 2.37億(NTD 237M)，其中銘旺科技持有57.8%股權
產品	五線電阻式觸控面板(5w Resistive)、投射式電容觸控面板(PCap Touch Panel)
廠房面積	3872坪(3872pings)
員工人數	179人(179 people )

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TFT 液晶面板銷售 五線電阻式觸控面板 LCD Panel 5w Resistive 投射式電容觸控面板 光學玻璃切割與強化 PCap Touch Panel CS Cover Glass

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公司新事業產品 Products

自行開發

項目

新事業產品 原廠LCD顯示模組(Liquid Crystal (New Product) Display Module, LCM) 自組模組

產品應用範圍 TPM ：即觸控模組 (Touch Panel ， (Product Module TPM) application TDM ：即觸控顯示模組 (Touch range) Display Module, TDM)

合作開發 (技術授權，代工生產) 電動機車馬達(Motor)

電動自行車(Electric bicycle)、電動摩托車 (Electric Motorcycle) 及越野車(BMX bike)

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AbonMax

Touch Display Module product roadmap (TDM Product)

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TDM Product

Liquid Crystal Module, LCM, refers to a modular assembly formed by assembling a liquid crystal display panel and related drive circuits, backlight sources, integrated circuits and other components together.

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原廠LCM
自組模組
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Air Bonding
Direct Bonding
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TP(GG) TP (GFF)

• （or Tape / Air Bonding）

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高亮自組模組

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Highlight Module
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Design highlight self-assembly module customization for customer product applications 、 、 Charging pile’s Size: 7" 11.6" 、 15.6" 27" Brightness: 250 ~ 700 nits 、 、 Sports product’s Size: 7" 12.1" 、 、 、 、 15.6" 18.5" 21.5" 23.8" 27" Brightness: 250 ~ 700 nits

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All round-Light vehicle power system

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4.8kW/16Nm 50cc等級 8kW/30Nm 125cc等級 ~~1~~ 2kW/45Nm 200cc等級 15.5kW/55Nm 250cc等級

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技術來源: 八達創新科技
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Characteristics:

Application:

• Efficient air-cooled design

• Electric Motorcycle 、 Motorcycle

• Deeply weak magnetic technology

• Beach buggy 、 Transporter

• Patented vibration abatement technology

• Karting 、 farm machinery, etc.

• Hill started function

• The highest level of high power and torque density

• in the industry

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All round-Light vehicle power system

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Low torque ripple for excellent NVH performance

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Voltage 48Vdc Series 96Vdc Series
Rated Power 2kW 4kW 4kw 6kW 7.5kW
Peak Power 4.8kW 8kW 8.6kW 12kW 15.5kW
Peak Torque 16Nm 27Nm 30Nm 45Nm 55Nm
Max speed 8000rpm 8000rpm 8000rpm 8000rpm 8000rpm
Max system
94% 93% 94% 93% 92%
efficiency%
Cooling Natural Convection
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技術來源: 八達創新科技

Mid-Drive ebike motor

Rated voltage 36Vdc Support the highest cadence 130rpm Maximum output torque 85Nm 580W Maximum power output (@90~120rpm)

Size 192x111x123mm Weight 3.6 kg Protection level IP 55 - Torsion sensor - Motor controller 5-in-1 - Motor circuit Mid-Driver motor module - Drive train system - Bottom Bracket

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技術來源: 八達創新科技
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Overview of Electric Bicycle Industry In Taiwan

Taiwan's bicycle industry is highly competitive globally. In recent years, due to the high environmental awareness and the aging population, the sales of electric bicycles have continued to increase. According to Ministry of Economic Affairs, the output value of electric bicycles will reach NT$24.46 billion in 2020, which is more than ten times higher than the NT$1.6 billion in 2015. From the perspective of the production volume of bicycles and electric bicycles, it can be observed that the local traditional bicycle production in Taiwan is fading, while the production of electric bicycles has increased significantly after 2016.

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Unit: Thousand
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Source： Ministry of Economic Affairs, R.O.C.(2021/5)

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Taiwan's bicycle and electric bicycle production

Overview of Electric Motorbicycle Industry In Taiwan

According to IEK research data of the ITRI, global electric locomotives have maintained a growth rate of more than 20% since 2017, and benefited from the introduction of policies in various countries and international trends such as vehicle electrification. The market share is expected to reach 1.5% in 2021. According to statistics from the Ministry of Transport, the cumulative number of residential vehicles (including light and heavy) on the market in Taiwan has grown from 38,373 vehicles in 2013 to 455,764 vehicles in 2020. Among them, the number of new listings in 2020 is 95,830, which shows that the product technology in the rental car supply chain is moderate.

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Source： The Ministry of Transport 、 Vehicle center(2021/3)

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Cumulative number of electric locomotives listed over the years

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Summary of recent important events

(Corporate Partner) 銘旺科技股份有限公司 八達創新科技股份有限公司 AbonMax Co.,Ltd Atech Totalsolution Co,. Ltd

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AbonMax Co.,Ltd cooperated with Atech Totalsolution Co., Ltd. in the motor business in the field of electric twowheelers from the Q2 of 2021 . Through the integration of the resources of the two parties, in-depth cooperation in factories, equipment, production, etc. In the future, we will also work together to assemble the layout of the finished car to strengthen and enhance the competitive advantage of the industry.

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Schematic diagram of future products

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營運成果 Financial Results

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2021 Q3

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Others, 8.95%
ODM and Retail, TFT-LCD
21.25%
TFT-LCD, 43.29% Resistance TP
Capacitance TP
ODM and Retail
Capacitance TP,
Others
11.65%
Resistance TP, 14.86%
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合併綜合損益Income Statement

單位:仟元		2021 Q3	%	2020 Q3	%	年成長 率YoY
營業收入	Net sales	783,240	100%	599,800	100%	30.58%
營業毛利	Gross profit	108,422	14%	45,468	8%	138.46%
營業費用	Operating expenses	121,003	15%	98,353	16%	23.03%
營業淨利	Operating income	(12,581)	-2%	(52,885)	-9%	76.21%
營業外收支	Non-operating income and expenses	3,461	0.4%	11,255	2%	-69.25%
稅前淨利	Income before tax	(9,120)	-1%	(41,630)	-7%	78.09%
所得稅	Income tax expense	0	0%	19,955	3%	0%
本期淨利(母公司)	Net income	2,807	0.4%	(57,034)	-10%	104.92%
每股盈餘	EPS	0.07		(1.55)		104.52%

合併綜合損益Income Statement

單位:仟元		2021 Q3	%	2021 Q2	%	季成長率 QoQ
營業收入	Net sales	783,240	100%	575,319	100%	36.14%
營業毛利	Gross profit	108,422	14%	80,234	14%	35.13%
營業費用	Operating expenses	121,003	15%	81,149	14%	49.11%
營業淨利	Operating income	(12,581)	-2%	(915)	0%	-1274.97%
營業外收支	Non-operating income and expenses	3,461	0.4%	3,557	1%	-2.7%
稅前淨利	Income before tax	(9,120)	-1%	2,642	0.5%	-445.19%
所得稅	Income tax expense	0	0%	0	0%	0%
本期淨利(母公司)	Net income	2,807	0.4%	11,979	2%	-76.57%
每股盈餘	EPS	0.07		0.30		-76.67%

合併資產負債表Balance Sheet

單位:仟元		2021 Q3	%	2020 Q3	%	2020	%
約當現金	Cash equivalents	95,925	11%	158,863	19%	169,003	17%
應收帳款	Accounts receivable	82,573	9%	71,291	9%	93,846	10%
存貨	Inventories	81,971	9%	75,396	9%	106,411	11%
固定資產	Fixed assets	382,887	43%	315,086	38%	319,998	33%
資產總計	Total assets	897,628	100%	836,761	100%	973,199	100%
短期借款	Short-term loans	247,435	28%	260,240	31%	287,224	30%
長期借款	Long-term loans	215,200	24%	178,566	21%	198,195	20%
負債總計	Total liabilities	577,871	64%	574,698	69%	658,327	68%
權益總計	Total equities	319,757	36%	262,063	31%	314,872	32%

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合併現金流量Cash Flow Statement
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	合併現金流量Cash Flow Statement	合併現金流量Cash Flow Statement	合併現金流量Cash Flow Statement	合併現金流量Cash Flow Statement	合併現金流量Cash Flow Statement
	Sheet 單位:仟元			2021 Q3	2020 Q3
	期初現金	Cash and cash equivalents at beginning of the year		169,003	71,104
	營業活動之淨現金流 (出)入	Net cash provided by operating activites		(44,125)	19,627
	投資活動之淨現金流 (出)入	Net cash provided by investing activites		(148,079)	(60,482)
	籌資活動之淨現金流 (出)入	Net cash provided by financing activites		119,219	128,614
	期末現金	Cash and cash equivalents at end of the year		95,925	158,863

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問與答 Q&A Thank You!

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