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Qisda — Interim / Quarterly Report 2023
Nov 29, 2023
52023_rns_2023-11-29_80ce3f12-74fd-407d-97aa-95fd4ba2a66d.pdf
Interim / Quarterly Report
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Confidential. © Qisda Corporation, all rights reserved.
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Peter Chen Joe Huang Jasmin Hung Daniel Hsueh Yuchin Lin Harry Yang Michael Lee April Huang
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.
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. 2023
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. Q&A
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1984
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1996
( 2352)
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(NTD) 197
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200+
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2023
NTD$ 1,529 ( USD$ 4.9 B )
2022 NTD$ 2,398 ( USD$ 8.2 B )
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2023 TCSA 2023 AREA 2023 2023 TSAA
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: 27,000+
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(2023 Q3): 48% 31% 19% 2%
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Qisda Group
(till 2023Q3)
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IT MEDICAL BSG NCG OTHERS
(43% + 8%) (12%) (16%) (14%) (7%)
NTD 795 180 248 215 91
➢ 521 (34%) ➢ ➢ IT ➢ ➢
• • • AI • •
• • • /
•
•
•
➢ ➢
•
•
➢
➢ 83 (5%) •
• ➢ OT
➢ IT_ 68 (4%) • • ➢
• • ➢
•
• • •
• •
•
➢ IT_ 123 ➢ OMO ➢
➢ •
(8%) •
•
•
• • ➢ FVOCI
•
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Confidential. © Qisda Corporation, all rights reserved.
2022 200 ,
- :
50%
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Confidential. © Qisda Corporation, all rights reserved.
2023
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◆ : 16.6% (YoY +2.2ppt, QoQ +0.3ppt) • QoQ: -3%, 12 (+1.8 , +17%), EPS 0.61 (+0.09 ) • YoY: -16%, +2.2ppt, +1.4ppt, 13.5 (+5.6 , +71%) EPS 0.61 (-2.62 ), , 53 ◆ Q3 242 (QoQ -23 , -9%) , • : QoQ +2%; ; • : QoQ +4%; 20% ; • : QoQ -24%; ; ◆ Q3 266 (QoQ -2 , -1%), 5%
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• IT_ : 7.5 , -17%, • IT_ : 5.7 , +3%,
, 4.7
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◆ :
: 2.3ppt, 16.3%, ; 0.3ppt • 308 , 17%, , 41.4 (YoY -2.3 , -5%),
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(
)
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:
| ( ) : (NT$)(a) |
50,370 100% (41,993) 8,377 16.6% (7,027) -14.0% 1,350 2.7% 774 2,125 4.2% 1,549 3.1% 1,202 2.4% $0.61 2023 |
60,060 100% (51,411) 8,649 14.4% (7,861) -13.1% 788 1.3% 10,620 11,408 19.0% 7,315 12.2% 6,364 10.6% $3.24 2022 |
amt g% (9,690) -16% 9,418 (272) -3% 834 562 71% (9,846) (9,283) -81% (5,766) -79% (5,162) -81% -$2.62 YoY |
52,112 100% (43,615) 8,497 16.3% (7,054) -13.5% 1,443 2.8% 660 2,104 4.0% 1,534 2.9% 1,024 2.0% $0.52 2023 |
amt g% (1,741) -3% 1,622 (119) -1% 27 (93) -6% 114 21 1% 15 1% 178 17% $0.09 QoQ |
||
|---|---|---|---|---|---|---|---|
(a) (1,967 )
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( )
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:
| ( ) : (NT$)(a) |
152,928 100% (128,058) 24,869 16.3% (20,726) -13.6% 4,144 2.7% 1,314 5,457 3.6% 3,841 2.5% 2,550 1.7% $1.30 2023 |
183,720 100% (157,925) 25,795 14.0% (21,420) -11.7% 4,375 2.4% 11,106 15,482 8.4% 10,063 5.5% 7,880 4.3% $4.01 2022 |
amt g% (30,793) -17% 29,866 (926) -4% 694 (232) -5% (9,793) (10,024) -65% (6,222) -62% (5,330) -68% -$2.71 YTD YoY |
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|---|---|---|---|---|---|
(a) (1,967 )
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:
| - | 22,798 12% 40,730 22% 38,386 20% 8,534 5% 189,027 100% 62,351 33% 33,068 17% 124,889 66% 64,138 34% 2023.09.30 11,328 6% |
27,174 14% 38,007 20% 35,845 19% 8,163 4% 192,552 100% 58,825 31% 29,597 15% 124,188 64% 68,364 36% 2023.06.30 12,491 6% |
amt g% (4,376) -16% 2,723 7% 2,541 7% 370 5% (3,525) -2% 3,526 6% 3,472 12% 701 1% (4,225) -6% -9% QoQ (1,163) |
amt g% 34,792 16% (11,994) -34% 47,432 22% (6,701) -14% 53,392 25% (15,007) -28% 5,004 2% 3,530 71% 217,521 100% (28,493) -13% 79,194 36% (16,843) -21% 36,501 17% (3,432) -9% 149,875 69% (24,986) -17% 67,646 31% (3,508) -5% 11,440 5% (112) -1% 2022.09.30 YoY |
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|---|---|---|---|---|---|---|
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2023.09.30 2023.06.30 QoQ 2022.09.30 YoY
( ) 76 74 +2 73 +3
88 85 +3 90 -2
66 62 +4 67 -1
98 97 +1 96 +2
125% 132% -7 ppt 135% -10 ppt
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Confidential. © Qisda Corporation, all rights reserved.
– Quarterly Trend
◆ 16.6% (YoY +2.2ppt, QoQ +0.3ppt)
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NT$ (Revenue)
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1,000
g% -2% 3% -4% -7% -10% 3% -3%
500
609 628 601 561 504 521 504
0
Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23
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(OI)
40
g% -25% 71% -65% 87% -9% 7% -6%
20
22.6
13.2 14.8 13.5 14.4 13.5
7.9
0
Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23
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NT$
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% & (GM% & OI%) % & (GM% & OI%)
20 20
15.6 15.8 16.3 16.6 16.3
15 12.9 14.8 14.4 15 13.6 14.0 14.4 14.4
12.4
10 10
5 2.17 3.61 1.31 2.63 2.68 2.77 2.68 5 2.94 3.67 3.45 3.26 2.44 2.71
0 0
Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 2018 2019 2020 2021 2022 20232023
GM% OI% Q3 YTD
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– Q3
◆ : 2.3ppt, 16.3%
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NT$ (Revenue)
1,000
g% 13% 8% 21% 11% 5% -16%
500
572 601
517 504
397 428
0
Q3'18 Q3'19 Q3'20 Q3'21 Q3'22 Q3'23
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% & (GM% & OI%)
20
16.6
14.2 14.5 14.5 14.4
15
12.4
10
5 2.84 4.06 3.97 3.46 2.68
1.31
0
Q3'18 Q3'19 Q3'20 Q3'21 Q3'22 Q3'23
GM% OI%
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;
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; 0.3ppt
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NT$ (OI)
40
g% 55% 54% 18% -3% -60% 71%
20
20.5 19.8
17.4
13.5
11.3
7.9
0
Q3'18 Q3'19 Q3'20 Q3'21 Q3'22 Q3'23
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% YTD & (GM% & OI%)
20
16.3
14.7
13.9 13.9 14.0
15
12.5
10
5 2.92 3.94 3.36 3.42 2.38 2.71
0
2018 2019 2020 2021 2022 20232023
Q3 Q3 Q3 Q3 Q3 Q3
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– Quarterly Trend
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High-value added (HVA) Medical BSG
NT$ g% 9% 7% 0% -7% 2% -9% NT $ g% 15% 7% 1% 4% 7% 2% NT$ g% 1% 6% 2% -3% 1% 4%
300 100 100
250
80 80
200
60 60
150
281 280
263 260 264 242 40 40 77 82 83 81 82 85
100 51 55 55 57 61 62
20 20
50
0 0 0
Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23
NCG IT_HVA IT_Original
NT$ g% 21% 11% 0% -15% -2% -24% NT$ g% 0% 1% -7% -13% 2% -17% NT$ g% 0% -13% -12% -15% 3% 3%
100 100 400
350
80 80
300
250
60 60
200
92 92
40 83 79 77 40 150 332 290
255
59 52 53 49 100 217 224 230
20 20 43 44 36
50
0 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 0 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 0 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23
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- High-Value added (HVA) = Medical + BSG+ NCG + IT_HVA * IT_Original = + + IT_
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- IT_HVA:
Confidential. © Qisda Corporation, all rights reserved.
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– Q3
| NTD | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2023 | YoY | QoQ | |||||||
| % | % | % | |||||||
| Medical | 12% 62 |
20-25 | +7 +14% |
+1 +2% |
|||||
| BSG | 17% 85 |
15-20 | +4 +4% |
+3 +4% |
|||||
| NCG | 12% 59 |
20-25 | -34 -37 % |
-19 -24 % |
|||||
| IT_HVA | 7% 36 |
25-30 | -16 -31 % |
-8 -17 % |
|||||
| IT_Original | 46% 230 |
10-15 | -60 -21 % |
+6 +3% |
|||||
| Others | 6% 32 |
15-20 | +2 +8% |
-1 -2 % |
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• IT_HVA:
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-
(Quarterly)
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100%
6% 6% 6% 5% 6% 6% 7%
,
11%
13% 15% 16% 16% 15% 12% NCG
80%
13% BSG
12%
14% 15% 16% 17%
16% 48%
7% Medical
8%
60% 9%
9% 10% 12%
8% 11% 12% IT_HVA
5% 9%
6% 9%
7%
5% 8% 8% IT_Other
5%
7% 5% 4%
40% 5% 5%
5%
6% 7% Projector
6% 5%
Display
44%
20% 42%
36%
34% 33% 32% 33%
0%
Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23
BSG * NCG * Medical ( )
IT * IT_Display * IT_HVA ( ) ( )
IT_Other * IT_Projector * ( )
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•
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YTD 50%
| 0% 10% 20% 30% 40% 50% 60% % |
8% 9% 10% 11% 12% 12% 12% 14% 15% 16% 16% 17% 13% 15% 16% 16% 15% 12% 8% 9% 9% 8% 8% 7% 41% 47% 50% 51% 51% 48% Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Quarterly Medical BSG NCG IT_HVA HVA + IT_HVA |
|---|---|
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- IT_HVA:
Yearly
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60%
50%
50% 45%
41% 8%
40% 9%
34%
9%
14%
30% 6%
14%
22% 12%
9%
18%
20% 16%
6%
5% 13%
13%
13%
9%
10% 7%
12%
9%
6% 7% 6% 7%
0%
2018 2019 2020 2021 2022 2023 YTD023
Q3
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/ /
(YoY)
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | YoY | YoY | YoY | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ( ) |
* ( )** |
EPS ( ) |
( ) |
* ( )** |
EPS ( ) |
( ) YoY% |
* ( ) YoY%** |
EPS ( ) |
|||||
| ( ) |
38.4% | 3,135 | 238 | 3.42 | 3,783 | 315 | 4.54 | -648 -17% |
-77 -25% |
-1.12 | |||
| ( ) |
51.1% | 1,684 | -60 | -0.75 | 3,164 | 209 | 2.62 | -1,480 -47% |
-269 -129% |
-3.37 | |||
| ( ) |
55.0% | 3,334 | 78 | 1.74 | 3,205 | 157 | 3.53 | 129 4% |
-80 -51% |
-1.79 | |||
| ( ) |
22.0% | 612 | 30 | 0.90 | 659 | 38 | 1.13 | -47 -7% |
-8 -21% |
-0.23 | |||
| ( ) |
13.6% | 689 | 53 | 0.90 | 654 | 19 | 0.33 | 35 5% |
34 177% |
+0.57 | |||
| ( ) |
55.1% | 11,503 | 277 | 2.42 | 11,843 | 393 | 3.43 | -340 -3% |
-116 -30% |
-1.01 | |||
| ( ) |
28.3% | 1,394 | 8 | 0.14 | 1,776 | 113 | 1.90 | -382 -21% |
-105 -94% |
-1.76 | |||
| ( ) |
26.5% | 2,376 | -15 | -0.13 | 2,899 | 86 | 0.77 | -523 -18% |
-101 -117% |
-0.90 | |||
| ( ) |
68.2% | 1,951 | 71 | 0.94 | 2,037 | 103 | 1.38 | -86 -4% |
-32 -31% |
-0.44 | |||
| ( ) |
51.4% | 10,590 | 517 | 2.75 | 9,064 | 321 | 1.70 | 1,526 17% |
197 61% |
+1.04 | |||
| ( ) |
60.0% | 21,476 | 496 | 0.92 | 24,393 | 692 | 1.28 | -2,917 -12% |
-196 -28% |
-0.36 | |||
| ( ) |
37.3% | 7,195 | 38 | 0.12 | 8,643 | 350 | 1.09 | -1,447 -17% |
-313 -89% |
-0.97 | |||
| ( ) |
18.7% | 1,175 | 127 | 3.08 | 1,164 | 105 | 2.67 | 12 1% |
22 20% |
+0.41 | |||
| ( ) |
43.6% | 13,304 | 380 | 1.19 | 11,922 | 1,089 | 3.39 | 1,382 12% |
-708 -65% |
-2.21 |
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2027
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, ,
( WW2, , )
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( , , , , , )
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+1
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2023
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➢
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◆ ◆
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➢
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◆
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◆ IT
IT
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https://youtu.be/KQUJgB55dh0?si=LYlR1jXEnNLjOmXX
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2023 ESG
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,
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➢ 2023 6 13 ➢ 2023 7 12
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-
- GCSA
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100
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- GCSA -
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100 - -
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2023
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IT
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- China+1 ,
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