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SINBON Electronics — Annual Report 2020
Dec 29, 2020
52256_rns_2020-12-29_d447161a-d040-4a27-aaf3-44f740fb941e.pdf
Annual Report
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CHANGE NEW SMART LIFE


2020 Excellent Result
Achieves Excellent Results During Pandemic

- 2020 Nov. revenue 19.883 billion
- Increased by 17.96% over the same period last year
2020 Investors Conference Copyright © 2020 SINBON Electronics Co., Ltd. All rights reserved.


• The stock price broke the NTD\$200 at the end of October

- Chairman Joseph Wang has been awarded the 2020 HBR top 100 CEOs in Taiwan
- Ranked 21st
- Total shareholders' return top 10
- Ranked 10th

Positively Facing The Epidemic

- Additional manpower for medical production line
- Priority production and shipment
- Employees are willing to help


- Smooth internal communication
- External customer relationship management

- Implement epidemic prevention measures in every site
- Employee safety first

Decentralized Production Base
Taiwan
Expand the factory Stand firm in the international supply chain

China
Growth against the trend Prioritize support for medical customers' needs
World Work from home Hold webinars
USA Factory

Chairman Joseph Wang Expresses His Appreciation to Customers and Employees
of SINBON. //Letter From Chairman
To everyone, please continue to practice safe habits such as washing hands, wear masks to protect yourself and your family, stay safe and remain positive.
Chairman




SUSTAINABLE MANAGEMENT

Changes We Have Made

industrial applications with higher barriers to entry.

Next Step
2021
Generation Transformation
New generation
Talents get the chances, so that the new generation has its own stage.


SINBON's Cultural Inheritance
SINBON Academy

Share and inherit SINBON DNA, let integrity, innovation and sharing take root in the daily life of every SINBONer.

The new generation will also participate SINBON Academy, we hope cultivate more enthusiastic colleagues for the company in the future.

Customized Classes for different colleagues, so that they can learn what they need and useful information.



Cultivate Outstanding Talents
MA Project, Intern Project and Industry-academia Cooperation

Cultivate high-level talents and hope they will eventually become leaders and decision makers, creating the value and possibilities for the company.

Introduce diversity in the workplace and find talents who are suitable for SINBON.

To cultivate talents for the industry, and fulfill corporate social responsibilities.


SINBON DNA


PRODUCT EXPERIENCE

Smart Healthcare Patient Monitor
24-hour Care For Patients
Global patient Monitoring Devices Market to hit \$27 billion by 2025
Optimize Product Lifecycle
- Raw cable meets USA military standard
- Firm and good in back-bending
International Certification
- ISO 13485
- MedAccred
- FDA
Smart Monitor
Real-time monitoring of patient status, assisting doctors to make accurate diagnosis in real time


Smart Transport E-bike
Redefining Distance
Global e-bike sales will grow 36% and 3 million e-bikes will be sold in 2021
VCU
- Customized VCU design
- The core of e-bike
Smart Connection
- IoT solution
- Control e-bike via exclusive App
- Smart lock / remote control / map…etc
Smart Regulation
Automatically adjust the output power according to the user's pedaling habits


Smart Transport Automotive LiDAR Sensor
Lidar Helps Automobiles Sense Obstacles At 360-degree
The global LiDAR market is expected to reach USD 2.9 billion by 2025
Collaborative Design
- Assist customers in design process
- Optimized engineering and process
Smart Transport
LiDAR functions, helps ADAS sense the surrounding environment of an autonomous vehicle, making the vehicle see further and clearly and even react faster to traffics.
High Standard
- Insulation resistance ≥10⁸Ω
- High waterproof level IP69K
- High speed customized transmission cable (10 Gbps)


Smart Transport Marine
Sailing To The World
The global recreational boat market by revenue is expected to grow at a CAGR of over 11% during the period 2019 to 2025
Environmental adaptation
- Waterproof and salt spray resistant
- Strong and sturdy
Professional cooperation
- Customized design
- Connectors, wiring harness assembly
International Certification
- NMEA 2000
- ISO 25197:2012
- Amd 1:2014

Smart Energy Wind Energy Product
The Growth Of Environmental Awareness
Global wind power market grow at a CAGR of 5.2% from 2020 to 2027
International Customer
Seven of the top ten wind turbine assembly companies in the world are SINBON's customers
Smart Energy
- Cabinet assembly: Stable quality
- Sensor: Well adapted to harsh environment conditions
- Bird deterrent: Protect birds from being hurt by wind turbines and reduce environmental impact during the process
Highly Customized / SINBON Design
- Adaptive solutions for varying environmental conditions
- Finding the right material
- Optimized design for customer


Smart Manufacturing Warehouse Robots/Smart Vests
Target The Automation Market
The warehouse automation market is forecast to grow at a CAGR of 12.6% during 2019 to 2023
Efficiency
Reduce warehousing labor costs and improve operational efficiency
Professional cooperation
- Customized design
- Professional molding and assembly technology
- High voltage speed up charging solution
Smart Sensor
- Warehouse Robots:Sensor routes and flexible movement
- Smart Vests:Staffs can avoid collision by robotics after wearing the vests


Smart Logistics Unmanned Store / Drone
Unmanned Store and Logistics Help Save Manpower
Global unmanned store market is valued with a CAGR growth rate of 51.9% during 2019 to 2027
Environmental adaptation
Waterproof and shockproof、Strong and sturdy
Professional cooperation
- Customized design
- Connectors, wiring harness assembly
- EM solution
Smart Function
- Identifying obstacles
- Fast charging solution


Smart City Underground Smart Grid Monitoring
Monitor Power Dispatch, To Predict, Warn and Prevent Major Changes in Advance
Global smart grid market grow steadily. The market value will reach 119.74 billion by 2025
Environmental adaptation
- Resistant to animal bites
- Water and oil resistance
- Chemical resistance, anti-corrosion, anti-salt spray, anti-fouling
Smart Monitoring
Monitor the power grid and transmit data through communication technology
International Certification
- UL
- IEEE 495


COMPANY OPERATION

Never Stop Growing
2013-2020 Nov.


Gross Profit
2013-2020 Q3
Gross Profit
Rate (%)



Net Income
2013-2020 Q3


Dividend Policy
2014-2019

| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|---|
| EPS(NT\$) | 3.82 | 4.53 | 5.15 | 5.44 | 6.26 | 7.47 |
| Cash Dividend(NT\$) |
2.80 | 3.10 | 3.70 | 4.00 | 4.50 | 5.30 |
| Stock Dividend(NT\$) |
0.20 | 0.30 | 0.00 | 0.00 | 0.00 | 0.00 |
| SUM | 3.00 | 3.40 | 3.70 | 4.00 | 4.50 | 5.30 |
| Payout Ratio | 79% | 75% | 72% | 74% | 72% | 71% |
| Year-end Stock Price |
48.9 | 53.8 | 69.3 | 86.3 | 82.8 | 124.0 |
| Yield Rate | 6.1% | 6.3% | 5.3% | 4.6% | 5.4% | 4.3% |
(Base on average price)

Magic 5 Business Segments Share
2020 Jan. – Nov.


ESG
2016-2020 Nov.

| 2016 | 2017 | 2018 | 2019 | 2020 Jan.-Nov. |
|
|---|---|---|---|---|---|
| Green Energy |
2,438 | 2,522 | 3,672 | 4,711 | 6,003 |
| E-Bike | 0 | 0 | 0 | 0 | 468 |
| EV | 5 | 25 | 147 | 242 | 424 |
| Total | 2,444 | 2,547 | 3,819 | 4,952 | 6,895 |
| Group Revenue |
12,926 | 13,061 | 15,645 | 17,886 | 19,883 |
NTD Million


Dispersion Of Top Customers
2020 Q1-Q3 Top 20 Customers
| Rank | MAGIC | Customer | Share |
|---|---|---|---|
| 1 | G | E** | 8.54% |
| 2 | G & M | G* | 7.14% |
| 3 | G | E* | 6.13% |
| 4 | G | G* | 5.85% |
| 5 | G | V* | 4.36% |
| 6 | I | Z**** | 3.30% |
| 7 | I | T** | 2.69% |
| 8 | I | A* | 2.60% |
| 9 | C | V** | 2.16% |
| 10 | I | S** | 2.12% |
2020 Top 20 Total Revenue Share: 57.52%
| Rank | MAGIC | Customer | Share |
|---|---|---|---|
| 11 | C | G** | 1.54% |
| 12 | I | A*** | 1.52% |
| 13 | C | B** | 1.50% |
| 14 | C | Q* | 1.36% |
| 15 | M | N** | 1.19% |
| 16 | I | H** | 1.17% |
| 17 | M | U** | 1.16% |
| 18 | A | D**** | 1.12% |
| 19 | A | N** | 1.12% |
| 20 | M | M** | 0.97% |


Awards and Achievements

2020 Jun. United Imaging Excellent Supplier Award
2020 Feb. Neusoft Thanks SINBON for Strong Support During COVID-19
2020 Aug. GE Renewable Energy Thanks SINBON for Strong Support During COVID-19

2020 Aug. Sungrow
Collaboration
Best
Award

2020 Jan. & Sep. HIROSE
- Best New Sales
- New Market Development Awards • Best
- Best Sales Team Award
Award
Performance

2020 Oct. PV AWARD 2020
Won Innovative Application Award


Awards and Achievements



CORPORATE SOCIAL RESPONSIBILITY

Integrity Management & Social Participation

No complaints related to regulations, anticorruption, human rights and employees were received in 2019.
Caring for The Society With Practical Actions

No complaints related to regulations, anticorruption, human rights and employees were received in 2019. 0TIMES 0TIMES

0 occupational disease cases in 2019.

SINBON Electronics won the 2020 Asia

2020 Investors Conference Copyright © 2020 SINBON Electronics Co., Ltd. All rights reserved.

SINBON social welfare event with Huashan Social Welfare Foundation

SINBON Offer Outstanding Nursing Students Scholarship for Carefree Learning

Environmentally Friendly
GREENPARTNER 100%
SINBON has passed the green partner certification of many world-renowned companies

Protects Taiwan's endangered leopard cats through practical action
2020 Investors Conference Copyright © 2020 SINBON Electronics Co., Ltd. All rights reserved.
SINBON's packaging materials are 100% recyclable materials and comply with EU packaging materials specifications

ONLY ONE
SINBON was selected as the only operator of the "Citizen's Green Energy Rooftop Participation" in Chiayi City.

World Cleanup Day Plogging Join The "Shennong Project"

SINBON adheres to the spirit of "people-oriented" and "flexible response", and faces difficulties bravely.
There will be more uncertainties in the future. SINBON hopes that it will continue to change and diligently overcome every challenge.
Chairman


