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SINBON Electronics — Interim / Quarterly Report 2016
Mar 17, 2016
52256_rns_2016-03-17_11853ae1-34b9-422e-ad66-f71555130420.pdf
Interim / Quarterly Report
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SINBON 2015Q4 Results & Prospects
Prepared By Finance Department 2016/3/11
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Safe Har
This prese
and is sub
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bor Notice
ntation contains forward looking statements
ect to significant risks and uncertainties.
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
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SINBON Briefing Year to Date Performance Financial Records Business Outlook
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SINBON Briefing
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
Who We Are
Founded in 1989, we are a solution provider of electronic integration, covering component design, manufacturing, distribution services as well as wireless component.
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Founding year: 1989
Legal status: Listed on Taiwan Stock
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
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Business Coverage
Field
Industrial
Automot vei Commun cat oni i Green nergyE Medical Hea tl h App icationl
Cable
Assembly
PCB
Assembly
Sub-unit /
Box Build
Connectors/
Components
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Notes: Components refer to HRS connector, Crystal & O s cillator, GPS A.T., Hinge. Passive C.P., SIM Switch IC., GPS C.P., Zener Diode, Cable chute, Compatible connector, etc.
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Product Application
MAGIC to iMAGIC
Medical Equipment Automotive Electronics Wind Energy Industrial Control Mobile Device Aesthetic Medicine Electric Vehicle Solar Energy Transportation Digital Home Leisure Car Rear View System LED Lighting Data Capture RF Applications Telemedicine Solar Solutions Automation Wearable Devices High Precision Machine Tablet Scanner PC Robot
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Turnkey Service
PCB Assembly Quality Engineering
Connector
Customization Service Cable
Box-Build
Components
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Major Customers
Medical Health Automotive Green Energy - Industrial Application Communication
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Global Service Network
Sales / Marketing Offices Manufacturing Sites Sourcing R&D Offices Hubs Sites - Nagoya , Japan - Taipei , Taiwan(HQO) - Miaoli , Taiwan - Taipei , Taiwan - Taipei , Taiwan -Seattle , USA -Nashville, USA -Incheon, Korea -Beijing, China -Beijing, China -Beijing, China -Beijing, China -Orlando, USA -Seattle, USA -Qingdao, China -Jiangyin, China -Jiangyin, China -Jiangyin, China - Ohio, USA -New York, USA -Jiangyin, China -Tongcheng, China -Tongcheng, China -Tongcheng, China - - Tatabánya, Hungary -Chicago, USA -Shanghai, China Ohio, USA -Nagoya, Japan - - Stare Mesto, -Nashville, USA -Tongcheng, China Tatabánya, Hungary -New York, USA Czech -Manchester, UK -Shenzhen, China - Mexico (in proces s ) -Manchester, UK - Stare Mesto, Czech -Xiamen, China -Almere, Netherlands - Munich, Germany -Wuhan, China
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International Cooperation
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USA
USA Factory
Circuits & Cables, Inc.
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Hungary
Europe Factory SINBON Elcotronic GmbH
Taiwan
Taiw a n Factory for A v iation Ray Service ADA
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Manufacturing Site
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Beijing
Cable PCBA
Jiangyin
Cable PCBA
Miaoli Beijing Tongcheng
Cable
Jiangyin plant I Jiangyin plant II Jiangyin raw cable Miaoli Cable PCBA
plant
Tongcheng
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Year To Date Performance
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Year To Date Performance
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
Monthly Consolidated Revenue
| NTD K | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2016 | 2015 | 2014 | ||||||||||||||||||
| Jan | 1,237,837 | 1,042,379 | 900,690 | |||||||||||||||||
| Feb | 1,010,416 | 911,258 | 890,092 | |||||||||||||||||
| Mar | 1,053,172 | 953,343 | 1 400 000 , , |
|||||||||||||||||
| Apr | 1,073,415 | 991,292 | 1,200,000 | |||||||||||||||||
| May | 1,032,846 | 1,010,481 | 1,000,000 | |||||||||||||||||
| Jun | 1,034,087 | 1,016,112 | 800,000 | |||||||||||||||||
| Jul Aug |
1,055,491 1,083,968 |
1,018,059 982,600 |
600,000 | |||||||||||||||||
| Sep | 1,085,092 | 996,911 | 400,000 | |||||||||||||||||
| Oct | 1,018,131 | 972,004 | 200,000 | |||||||||||||||||
| Nov | 963,901 | 972,399 | 0 | |||||||||||||||||
| Dec | 935,084 | 943,307 | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||||||
| 2,248,253 | 12,288,823 | 11,647,291 | 2016 | 2015 | 2014 |
PS: All are non-audited monthly numbers
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Last 5 Quarters Result Highlight
| (NTD in thousand) Net Sales Gross Profit Gross Profit % Operation Income Non-operating Income Non-operating Expenses Income before Taxes Income Taxes Minority Interests Net Income Net Profit % EPS ( ) NTD in dollars Stockholders' Equity ROE(quaterly) |
Q4'15 2,740,298 614,352 22 42% . 196,671 95,209 (13,434) 278,446 (107,344) (11,189) 182,291 6.65% 0 84 . 5,583,341 3.26% |
Q3'1 3,228, 732, 22 295, 130, (6, 420, (124, ( 296, 9 5,404 5 5 990 112 67% . 925 842 086) 681 742) 407) 346 .18% 1 38 . ,114 .48% |
Q2'15 3,135,637 700,684 22 35% . 308,975 51,398 (9,266) 351,107 (101,026) (2,816) 252,897 8.07% 1 19 . 4,965,796 5.09% |
|---|---|---|---|
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
Revenues by Market Segment
| Unit：NTD in thousand Industry |
Unit：NTD in thousand Industry |
2015 Sub-Total |
2014 Sub-Total |
Increase (Decrease) |
% | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| GREEN ENERGY | 2,164,185 | 2,047,192 | 116,993 | 6% | ||||||
| INDUSTRIAL APPLICATION | 3,393,887 | 2,787,939 | 605,949 | 22% | ||||||
| MEDICAL HEALTH | 1,316,364 | 1,251,082 | 65,283 | 5% | ||||||
| AUTOMOTIVE | 1,201,836 | 1,233,171 | (31,336) | -3% | ||||||
| COMMUNICATION | 4,034,986 | 4,323,335 | (288,349) | -7% | ||||||
| Total | 12,111,258 | 11,642,719 | 468,539 | 4% | ||||||
| 2015 Jan ~ Dec Revenue by Market Segment | 2014 Jan ~ Dec Revenue by Market Segment | |||||||||
| GREEN ENERGY COMMUNICATION |
COMMUNICATION | |||||||||
| 33% | 18% | 37% | GREEN ENERGY | |||||||
| 17% | ||||||||||
| MEDICAL HEALTH 11% AUTOMOTIVE 10% |
INDUSTRIAL APPLICA 28% AUTOMOTIVE 11% TION |
MEDICAL HEALTH 11% |
INDUSTRIAL APPLICATION 24% |
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| Quick Ratio | ||
| Times Interest Earned Ratio | 11.99 12.90 24.39 26.71 36.81 |
|
| A/R Turnover | ||
| A/P Turnover | ||
| InventoryTurnover | ||
| Property ,plant and equipment turnover | ||
| Total Assets Turnover | ||
| ROA | 6.03% 6.08% 7.00% 8.14% 9.30% |
|
| ROE | 13.46% 12.58% 13.88% 15.92% 17.80% |
|
| Profit before tax to capital | ||
| Net Profit Rate | ||
| BasicEPS(NT$) | ||
-
- PS: You may download completed financial statements at http: / /www.sinbon.com/investor relations/financial statement/
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Trend of ROA & ROE
20.00
18.00
16.00
14.00
12.00
ROE
10.00
ROA
8.00
6.00
4.00
2 . 00
0.00
2011 2012 20 1 3 2014 2015
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Financial Records
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
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Revenue Achievements
Reve n ue
12,111,258 NTD in thousand
11,642,719
[10,555] ,261
10,011,618
8,922,135
2011 2012 20 1 3 2014 2015
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Profitability
Gross Pro f it
22.48%
21.30% 21.50% 21.49% 21.73%
2,722,157 NTD in thousand
2,530,400
2,152,815 2,268,093
1,900,476
2011 2012 2013 2014 2015
Net Profit
6.82%
6.28%
5.01% 5.48%
4.83%
NTD in thousand
970,195
793,752
663,263
548,495
447,031
2011 2012 2013 2014 2015
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
| Last 5-Year Dividend Po | |
|---|---|
| 2011 20 12 2013 2014 2015(F) |
|
| EPS(NT$) 2.49 2. 92 3.2 3.82 4.53 |
|
| Cash Dividend(NT$) 1.70 2. 00 2.50 2.80 3.10 |
|
| Stock Dividend(NT$) 0.00 0. 00 0.00 0.20 0.30 |
|
| Total Dividend 1.70 2 Payout Ratio 68% 6 Annual Avg. Stock Price 21.28 Yield 7.99% .00 2.50 3.00 3.40 8% 78% 79% 75% 24.08 30.52 48.9 53.82 8.31% 8.19% 6.13% 6.32% |
Last 5-Year Dividend Policy
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3.82 4.53
2.92 3.2
2.49 2.80 3.10
2.50
1.70 2.00
0 . 20 0 . 30
2011 2012 2013 2014 2015(F)
EPS (NT$) Cash Di v idend (NT$) Stock Dividend (NT$)
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Business Outlook
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
Business Coverage
MAGIC
Medical Green Industrial Automotive Communication Health Energy Application
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Medical Health
Application
Major Customers
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ment
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Positron Emission Tomography Ultrasound Equipment Magnetic esonance mag ngR I i Patient Monitor
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Radiography (X-Ray)
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Medical Health
Smart Wearable Device
Pet Tracker / Sport
Wearable Device Monitoring pet’s Real-time Reminder
physiological data position tracking function
Pet GPS Tracker
Monitoring Transmit data to
Charging
physiological computer or cell
data phone
Charger for sport
wearable device
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Application
Automotive
Major Customers
Automotive uA dio & Video systems
Parking Related Device
Oxygen Sensor
Car Charger - Industr ai l
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EV Charger
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Green Energy
ers Application Major Custom
Solar (Micro-inverter, Central inverter, DC-Converter)
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Wind Turbine (Hub, Nacelle, Tower, Tower base)
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Industrial Application
Application
Major Customers
Energy Distribution
Electrical Control Cabinet
Automation and Control Nuclear Power Cabinet
Industrial Cooling System
Sensor Control Diagnostic Equipment
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Industrial Application
Application Construction & Transportation Agriculture Equipmen t Marking and Image Industrial Printing Coding Equipment
Major Customers
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Industrial Application
Application
Semiconductor Equipment
Major Customers
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Cradle and PDA
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Industrial Application
Smart Grid System
Integration of Grid Increased use of
Power Optimization energy efficiency
Adjustable Electric Moni t oring Resource of buildings
Data Transfer
Power upp yS l Power Company
Utility/ Monitoring Center
Electricity Adjustment
Customers
Electricity Bill↑ � Close power consuming appliance
Electricity Bill↓ � Allow power consuming appliance Energy Customized Safe &
Management Energy Reliable
Monitoring Data Transfer Management
Solution
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Robot Arm
Industrial Application Smart Industry / Logistics
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Cable for connection
b etween contro l Smart device Factory Logistics
cabinet & robot arm Remote control production automation
automation
Cable for
control cabinet
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Communication
Application
Major Customers
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RF Cable And Antenna For Industrial PDA/ Smart Phone/ Tablet PC/ WLAN/EReader/Gaming Machine
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Communication
Smart Logistics
S m art Real-time data Waterproof Solid structure l o gi s ti cs t ransm ss on i i an d d es gn or i f management dustproof shatterproof NFC Bluetooth ring
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.