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SINBON Electronics — Interim / Quarterly Report 2017
Mar 28, 2018
52256_rns_2018-03-28_f04aced9-4ebe-404a-a0e9-c20139916365.pdf
Interim / Quarterly Report
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SINBON2017Q4 RESULTS & PROSPECTS
Prepared by Finance Department2018/3
Safe Harbor Notice
This presentation contains forward looking statements and is subject to significant risks and uncertainties.
Actual results may differ materially from those in the forward looking statements.
SINBON AT A GLANCE
Solution Provider
As an integrated SOLUTION PROVIDER in the "MAGIC" industries, it's our mission to create increasing value through continuous development on technologies and services to our customers worldwide.
Listed on Taiwan Stock Exchange (Code # 3023)

Copyright © 2017 SINBON Electronics Co., Ltd. All rights reserved.
*MAGIC industries : Medical Health, Automotive & Aviation, Green energy, Industrial Application, Communication
NEVER STOP INNOVATING
Milestone

CREATE VALUE TO CUSTOMER
Value-added Solution

MAKE CABLE INVINCIBLE
Cable Assembly

CAPABILITY & STRENGTH
- •Soldering : 16 AWG - 44 AWG wire
- • Crimping : 4/0 AWG - 34 AWG wire / Max:240 mm2 •Molding : PE / PVC / TPE / ABS / TPO / PU / TPU
- •Excellent at over molding and low pressure molding
- •Multiple wires or cables assembled together
- •Sourcing and verification of alternative materials
- •Automated processes
BE SMART THAN JUST A CABLEPCB Assembly
FEATURES



- •DIP and SMT process capability
- •Single sided, double sided
- •BGA rework station
- •Lean production
- •SMT Error Prevention System (EPS)
-
•Includes ICT, AOI, J-TAG, SPI, and other regular tests
-
•PCB size : 50x50mm~460x510mm
- •Chip size : QFP, BGA, µ BGA, CSP (Max.:100*100mm)
- •Chip dimensions: 0201 (inch)
- • Mounting accuracy: ± 0.035 mm ~ 0.08 mm/chip (Cpk≧1.33)
DESIGN FOR MANUFACTURING
Box Build
Electronic Engineering
Power management / Interface data transmission / Remote side charging function / Board level design / Radio frequency technology
Firmware CapabilitiesMCU firmware design / Device driver / OS porting / Boot loader development
Software CapabilitiesAP design (PC / mobile) / Web service design / Data base design
Mechanical Design
ME customized design / Tooling services / ID customized design / 3D modeling
Auto TestTest AP design / Real time data display / Fixture design
Design Quality EngineeringFunction validation / Reliability validation / EMC / Safety validation


Global Service Network


MIAOLI FACTORY
Taiwan

FEATURES
Cable assemblyPCB assemblyHigh mix low volumeClean room
AVAILABLESPACE
7,262 m2
MANPOWER
300
STANDARD COMPLIANCE
AS 9100GMPIECQIPC-610, Class 2IPC-620, Class 2ISO 9001ISO 14001ISO 14064-1OHSAS 18001SA 8000TS 16949UL


TATABÁNYA FACTORY
Hungary

FEATURES
Fiber optic cable assembly Copper cable assemblyHigh mix low volume High volume
AVAILABLESPACE
4,600 m2
MANPOWER
200
STANDARD COMPLIANCE
ISO 9001ISO 14001IPC-620, class 2ISO 26000 (In preparation)TS 16949 (In preparation)

DAYTON FACTORYUSA

FEATURES
Cable assemblyPCB assemblyBall grid array assemblyHybrid assemblyValue-added service
ISO 9001
IPC-610, class 2IPC-620, class 2
ISO 13485 (In preparation)
STANDARD COMPLIANCE
AVAILABLESPACE
4,645 m2
MANPOWER
90

BEIJING FACTORYChina

FEATURES
Cable assembly PCB assemblyBox buildHV cable lab High mix low volume
AVAILABLESPACE
9,915 m2
MANPOWER
600
STANDARD COMPLIANCE
Green Partner (Sony)IPC-610, Class 2 IPC-620, Class 2 ISO 9001ISO 13485ISO 14001OHSAS 18001UL

JIANGYIN FACTORYChina

FEATURES
Cable assemblyPCB assemblyBox buildRaw cable factoryTooling centerLaboratoryHigh mix low volumeHigh volume low mix
AVAILABLESPACE
Factory I – 13,000 m2 Factory II – 21,450 m2 Factory III – 2,000 m2
MANPOWER
2,300
STANDARD COMPLIANCE
AS 9100Eco-PartnerFDAGreen PartnerIPC-610, Class 2 IPC-620, Class 2 ISO 9001 ISO 14001 ISO 13485MedAccredTS 16949UL



China

FEATURES
Cable assemblyTooling centerLaboratory
AVAILABLESPACE
6,000 m2
MANPOWER
400
STANDARD COMPLIANCE
EICCGreen Partner (Canon)ISO 9001 ISO14001TS 16949UL
DISTRIBUTION IN GREAT CHINABeijingJiangyinTongchengQingdaoShanghaiShenzhenXiamenWuhanTaiwanSALES OFFICES
STRATEGY PARTNERS
ComponentsHIROSENDK Prisemi (芯導) Awinic (艾為)MEMChip (芯巧)Chipsailing (芯启航)
RF Solutions
INPAQ (佳邦)AntenovaAcsip (群登)Quetel (移遠通信)SIM (晨訊)SparkLAN (速連通訊)

Financial Focus
MONTHLY REVENUE
Non-audited and Consolidated
| N T D K |
||||
|---|---|---|---|---|
| 2 0 1 8 |
2 0 1 7 |
2 0 1 6 |
2 0 1 5 |
|
| Ja n |
1, 1 9 2, 1 7 9 |
1, 1 5 1, 2 4 1 |
1, 2 3 7, 8 3 7 |
1, 0 4 2, 3 7 9 |
| b Fe |
1, 0 8 0, 4 7 5 |
1, 0 4 4, 7 7 5 |
1, 0 1 0, 4 1 6 |
9 1 1, 2 8 5 |
| M ar |
1, 0 8 6, 4 3 6 |
1, 1 1 8, 0 7 0 |
1, 0 5 3, 1 7 2 |
|
| Ap r |
1, 0 3 1, 5 3 9 |
1, 1 4 2, 6 9 6 |
1, 0 7 3, 4 1 5 |
|
| M ay |
2, 3 0 8 1, 1 1 |
6, 0 1, 1 5 5 4 |
0 3 2, 8 6 1, 4 |
|
| Ju n |
1, 2 0 3, 5 1 0 |
1, 1 6 7, 8 6 8 |
1, 0 3 4, 0 8 7 |
|
| l Ju |
1, 2 0 8, 2 3 9 |
1, 0 6 9, 7 4 8 |
1, 0 5 5, 4 9 1 |
|
| Au g |
1, 2 1 4, 6 1 7 |
1, 0 8 8, 2 0 7 |
1, 0 8 3, 9 6 8 |
|
| Se p |
1, 2 5 0, 6 7 4 |
1, 1 0 2, 7 4 7 |
1, 0 8 5, 0 9 2 |
|
| Oc t |
1, 1 1 3, 1 0 6 |
1, 0 4 7, 4 8 1 |
1, 0 1 8, 1 3 1 |
|
| No v |
3 8 9 1, 1 5, 4 |
0 9 1, 5 4, 5 4 |
9 6 3, 9 0 1 |
|
| De c |
1, 0 3 5, 1 8 4 |
1, 0 1 9, 0 5 7 |
9 3 5, 0 8 4 |
|
| 2, 2 7 2, 6 5 4 |
1 3, 5 8 7, 1 1 8 |
1 3, 2 1 5, 5 8 5 |
1 2, 2 8 8, 8 2 3 |

PS: All are non-audited monthly amounts
LAST 5 YEARS RESULT HIGHLIGHT
Audited
| 2 0 1 3 |
2 0 1 4 |
2 0 1 5 |
2 0 1 6 |
2 0 1 7 |
|
|---|---|---|---|---|---|
| ( h d ) N T D i t n o u s a n |
l d d C i t o n s o a e |
l d d C i t o n s o a e |
l d d C i t o n s o a e |
l d d C i t o n s o a e |
l d d C i t o n s o a e |
| l S N t e a e s |
0, 2 6 1 5 5 5, 1 |
6 2, 9 1 1, 4 7 1 |
2, 2 8 1 1 1 1, 5 |
2, 9 2 8 3 1 5, 4 |
3, 0 6 3 9 1 1, 4 |
| ( ) O % Y Y |
3 % 5. 4 |
1 0. 3 0 % |
0 2 % 4. |
6. 3 % 7 |
1. 0 % 5 |
| C O G S |
( ) 8, 2 8 6 8 7, 1 |
( ) 9, 2, 3 9 1 1 1 |
( ) 9, 3 8 9, 0 1 1 |
( ) 9, 6, 7 1 7 4 1 |
( ) 9, 8 0 8 8 7 1, |
| f i G P t r o s s r o |
2, 2 6 8, 0 9 3 |
2, 5 3 0, 4 0 0 |
2, 7 2 2, 1 5 7 |
3, 2 0 9, 1 0 2 |
3, 2 8 0, 3 5 1 |
| f ( ) i % G P t r o s s r o |
% 2 1. 4 9 |
% 2 1. 7 3 |
% 2 2. 4 8 |
% 2 4. 8 3 |
% 2 5. 1 1 |
| O i E t p e r a n g p e n s e s x |
( ) 1, 5 3 5, 0 9 5 |
( ) 1, 5 7 9, 8 1 0 |
( ) 1, 6 5 5, 3 6 8 |
( ) 1, 7 9 0, 8 9 8 |
( ) 1, 8 8 7, 2 0 5 |
| i O I t p e r a o n n c o m e |
7 3 2, 9 9 8 |
9 5 0, 5 9 0 |
1, 0 6 6, 7 8 9 |
1, 4 1 8, 2 0 4 |
1, 3 9 3, 1 4 6 |
| ( ) f % O i P i t p e r a o n r o |
% 6. 9 4 |
% 8. 1 6 |
% 8. 8 1 |
% 1 0. 9 7 |
% 1 0. 6 7 |
| / N N i P L t t e o n- o p e r a n g |
1 3 4, 0 4 6 |
9 2, 9 3 2 |
3 0 3, 2 2 0 |
1 7 8, 8 4 0 |
2 2 6, 3 9 8 |
| b f I T n c o m e e o r e a e s x |
8 6 7, 0 4 4 |
1, 0 4 3, 5 2 2 |
1, 3 7 0, 0 0 9 |
1, 5 9 7, 0 4 4 |
1, 6 1 9, 5 4 4 |
| I T n c o m e a x e s |
( ) 2 5 8, 6 1 8 |
( ) 2 6 8, 5 7 5 |
( ) 4 1 5, 9 0 6 |
( ) 4 3 5, 3 0 9 |
( ) 3 9 5, 4 5 6 |
| L M i i I t t t e s s: n o r y n e r e s s |
( ) 5 4, 8 3 7 |
( ) 1 8, 8 0 5 |
( ) 1 6, 0 9 2 |
4, 3 4 9 |
( ) 2, 3 8 3 |
| N I t e n c o m e |
6 6 3, 2 6 3 |
7 9 3, 7 5 2 |
9 7 0, 1 9 5 |
1, 1 5 7, 3 8 6 |
1, 2 2 6, 4 7 1 |
| f ( ) N P i % t t e r o |
6. 2 8 % |
6. 8 2 % |
8. 0 1 % |
8. 9 5 % |
9. 3 9 % |
| d h ( '0 ) O i S 0 0 t t u s a n n g a r e s |
2 0 7, 6 7 1 |
2 0 7, 6 7 1 |
2 1 4, 2 2 4 |
2 2 5, 4 1 6 |
2 2 5, 4 1 6 |
| ( ) i S B E P N T D a s c |
3. 2 0 |
3. 8 2 |
4. 3 5 |
1 5. 5 |
4 4 5. |
LAST 5 QUARTERS RESULT HIGHLIGHT
Audited or Reviewed
| ( ) ho d N T D in t us an |
'1 Q 4 7 |
'1 Q 3 7 |
'1 Q 2 7 |
'1 Q 1 7 |
'1 Q 4 6 |
|---|---|---|---|---|---|
| l N S t e a e s |
3, 0 0 9, 3 9 6 |
3, 5 0 6, 9 8 5 |
3, 3 3 1, 1 5 7 |
3, 2 1 3, 9 0 1 |
2, 9 4 6, 6 1 3 |
| f G P i t r o s s r o |
7 5 6, 5 1 1 |
8 7 5, 4 8 0 |
8 5 1, 4 0 9 |
7 9 6, 9 5 1 |
7 8 1, 2 8 6 |
| f i % G P t r o s s r o |
% 2 5. 1 4 |
% 2 4. 9 6 |
% 2 5. 5 6 |
% 2 4. 8 0 |
% 2 6. 5 1 |
| i O I t p e r a o n n c o m e |
1 9 6, 9 7 6 |
4 3 4, 8 0 6 |
3 6 6, 7 3 2 |
3 9 4, 6 3 2 |
2 4 5, 4 7 0 |
| i N I t o n- o p e r a n g n c o m e |
2 0, 3 6 6 1 |
3 3, 8 7 5 |
2 6 1 1 4, 7 |
6 4, 7 4 |
0 6, 6 9 1 5 |
| N i E t o n- o p e r a n g x p e n s e s |
( ) 1 3, 1 3 5 |
( ) 7, 3 2 0 |
( ) 5, 6 0 3 |
( ) 2 0, 7 3 5 |
( ) 1 2, 5 1 7 |
| f b I T n c o m e e o r e a x e s |
3 0 4, 2 0 7 |
4 6 1, 2 7 1 |
4 7 5, 4 0 5 |
3 7 8, 6 6 1 |
3 3 9, 6 4 8 |
| I T n c o m e a x e s |
( ) 6 3, 4 1 8 |
( ) 1 0 7, 5 4 7 |
( ) 1 3 0, 9 3 8 |
( ) 9 3, 5 5 3 |
( ) 9 1, 3 1 9 |
| i i I M t t t n o r n e r e s s y |
( ) 1 2, 6 0 7 |
2, 8 1 0 |
4, 3 0 6 |
3, 1 1 7 |
1, 6 7 5 |
| N I t e n c o m e |
2 5 3, 4 6 0 |
3 5 0, 9 1 4 |
3 4 0, 1 6 0 |
2 8 1, 9 3 7 |
2 4 6, 6 5 4 |
| f i % N P t t e r o |
% 8. 4 2 |
% 1 0. 0 1 |
% 1 0. 2 1 |
% 8. 7 7 |
% 8. 3 7 |
| E P S ( do l la ) N T D in rs |
1. 1 2 |
1. 5 6 |
1. 5 1 |
1. 2 5 |
1. 0 9 |
| k h l d ' S i E t t o c o e r s q u y |
6, 0 8 4, 6 3 7 |
8 1 8 8 6 5, 5, |
3 5, 7 5, 5 5 7 |
8 9, 0 4 5, 7 7 |
3 2, 3 2 5, 7 7 |
| R O E ( ly ) te q ua r |
4. 1 7 % |
6. 0 3 % |
6. 3 3 % |
4. 8 7 % |
4. 3 0 % |
REVENUES BY MARKET SEGMENT
| ho d Un i N T D in : t t us an |
2 0 1 7 |
2 0 1 6 |
In | % |
|---|---|---|---|---|
| du In tr s y |
b- l Su To ta |
b- l Su To ta |
cr ea se ( ) De cr ea se |
|
| G G Y R E E N E N E R |
2, 2 2, 4 3 0 5 |
2, 4 3 8, 4 0 5 |
8 3, 9 8 0 |
3 % |
| I N D U S T R I A L A P P L I C A T I O N |
3, 6 9 3, 8 5 5 |
3, 5 3 8, 3 8 0 |
1 5 5, 4 7 5 |
% 4 |
| M E D I C A L H E A L T H |
1, 1 9 5, 1 0 7 |
1, 2 8 5, 6 1 1 |
( ) 9 0, 5 0 4 |
-7 % |
| A U T O M O T I V E |
1, 3 0 4, 4 2 6 |
1, 2 5 7, 7 2 9 |
4 6, 6 9 7 |
4 % |
| C O M M U N I C A T I O N |
4, 3 4 5, 6 2 1 |
4, 4 0 5, 6 7 3 |
( ) 6 0, 0 5 2 |
% -1 |
| l To ta |
1 3, 0 6 1, 4 3 9 |
1 2, 9 2 5, 8 4 3 |
1 3 5, 5 9 6 |
1 % |


FINANCIAL RATIO
| i R t a o |
2 0 1 3 |
2 0 1 4 |
2 0 1 5 |
2 0 1 6 |
2 0 1 7 |
|---|---|---|---|---|---|
| D b R i t t e a o |
5 0. 4 2 % |
5 1. 5 2 % |
4 9. 2 7 % |
4 7. 8 5 % |
4 9. 7 1 % |
| f L d l d i -t t t t t o n g e r m n s o p r o p e r p a n a n e q p m e n u y, u R i t a o |
3 2 1. 5 6 % |
3 4 9. 9 3 % |
3 9 7. 8 6 % |
4 3 2. 8 8 % |
4 7 4. 0 9 % |
| C R i t t u r r e n a o |
1 6 4. 0 3 % |
1 6 5. 7 5 % |
1 6 6. 7 5 % |
1 7 4. 5 4 % |
1 7 7. 5 3 % |
| Q i k R i t u c a o |
1 2 3. 7 2 % |
1 2 1. 2 4 % |
1 2 2. 3 2 % |
1 3 0. 9 0 % |
1 2 5. 0 4 % |
| T i I E d R i t t t m e s n e r e s a r n e a o |
2 4. 3 9 |
2 6. 7 1 |
3 6. 8 1 |
5 7. 7 4 |
5 5. 4 1 |
| / A R T r n o e r u v |
3. 9 5 |
3. 6 7 |
3. 9 4 |
4. 1 4 |
3. 8 5 |
| A / P T u r n o v e r |
4. 7 7 |
4. 5 2 |
5. 0 1 |
4. 9 1 |
4. 9 2 |
| I T t n v e n o r y u r n o v e r |
4. 9 6 |
4. 9 3 |
4. 5 7 |
4. 3 8 |
4. 0 8 |
| P l d i t t t t r o p e r p a n a n e q p m e n r n o e r y u u v , |
6. 6 9 |
7. 5 3 |
8. 0 3 |
9. 0 8 |
8. 7 9 |
| T l A T t t o a s s e s r n o e r u v |
1. 1 2 |
1. 1 7 |
1. 0 9 |
1. 1 6 |
1. 0 4 |
| R O A |
7. 0 0 % |
8. 1 4 % |
9. 1 3 % |
1 0. 6 8 % |
1 0. 6 9 % |
| O R E |
1 3. 8 8 % |
1 5. 9 2 % |
1 7. 8 0 % |
2 0. 3 5 % |
2 0. 2 7 % |
| P f i b f i l t t t t r o e o r e a x o c a p a |
4 1. % 7 5 |
0. 2 % 5 5 |
6 2. 9 % 5 |
0. 8 % 7 5 |
1. 8 % 7 5 |
| N P f i R t t t e r o a e |
5. 7 6 % |
6. 6 6 % |
7. 8 8 % |
8. 9 9 % |
9. 3 9 % |
| \$ S ( ) B i E P N T a s c |
3. 2 0 |
3. 8 2 |
4. 5 3 |
5. 1 5 |
5. 4 4 |
PS: You may download completed financial statements at http://www.sinbon.com/investor-relations/financial-statement/

TREND OF ROA & ROE


Financial Records

REVENUE ACHIEVEMENTS
NTD in thousand


PROFITABILITY
NTD in thousand


LAST 5-YEAR DIVIDEND POLICY
| 2 0 1 3 |
2 0 1 4 |
2 0 1 5 |
2 0 1 6 |
( ) 2 0 1 7 F |
|
|---|---|---|---|---|---|
| \$ ( ) E P S N T |
3. 2 |
3. 8 2 |
4. 5 3 |
5. 1 5 |
5. 4 4 |
| \$ ( ) h iv i d d C D N T a s e n |
2. 5 0 |
2. 8 0 |
3. 1 0 |
3. 7 0 |
4. 0 0 |
| \$ k d d ( ) S iv i N D T t o c e n |
0. 0 0 |
0. 2 0 |
0. 3 0 |
0. 0 0 |
0. 0 0 |
| l d d To D iv i t a e n |
2. 5 0 |
3. 0 0 |
3. 4 0 |
3. 7 0 |
4. 0 0 |
| io Pa Ra t t y ou |
% 7 8 |
% 7 9 |
% 7 5 |
% 7 2 |
% 7 4 |
| l k An Av S ic Pr t nu a g. o c e |
3 0. 2 5 |
4 8. 9 |
3. 8 2 5 |
6 9. 3 |
8 3 7 5. |
| l d Y ie |
8. 1 9 % |
6. 1 3 % |
6. 3 2 % |
5. 3 4 % |
5. 2 7 % |
| 3. 2 2. 5 0 |
3 4. 5 |
5. 1 5 |
5. 4 4 |
||
| 3. 8 2 |
3. 7 0 |
4. 0 0 |
|||
| 2. 8 0 |
3. 1 0 |
||||
| 0. 0 0 |
0. 0 0 |
||||
| 2 0 1 3 |
2 0 1 4 |
2 0 1 5 |
2 0 1 6 |
2 0 1 7 |
|
| \$ ( ) E P S N T |
\$ h de d ( ) Ca D iv i N T s n |
\$ k de d ( ) S D iv i N T to c n |
|||

Business Outlook
DO THE MAGIC+
Solution Services in Five Fields

Medical Health

Automotive & Aviation
Green Energy Industrial Application Communication

Intelligent / Integrated / International


APPLICATIONS
Diagnostic Imaging EquipmentAesthetic EquipmentPatient MonitorFitness EquipmentElectric BicycleMassage Equipment

MAJOR CUSTOMERS
CarestreamFamilyGE HealthcareJOHNSONLumenisMedtronicNeusoftPhilipsToshibaUnited Imaging


AUTOMOTIVE & AVIATION
APPLICATIONS
Electric Vehicle Charging SystemAutomotive ApplicationsParking-related SystemMotorsportAviation

MAJOR CUSTOMERS
DelphiDensoFujitsuHondaHTKLearMagnaMitsubishiNissanTTE



APPLICATIONS
Wind EnergySolar EnergySmart Grid

MAJOR CUSTOMERS
APSEnphaseEnvisionGamesaGE GoldwindGuoxuan High-techNEGOSiemensSunPowerTrinasolarVestas


INDUSTRIAL APPLICATION
APPLICATIONS
Energy DistributionAutomation & ControlConstruction & TransportationIndustrial RobotHigh Precision Equipment
Material HandlingField EngineeringSafety & SecurityData Capture

MAJOR CUSTOMERS
ASMLDatalogicDoverHAASHoneywellHussmannParkerSchneiderSiemensTrimbleXploreZebra



COMMUNICATION
APPLICATIONS
RF ApplicationsMobile Device Digital HomeAntennas (design & manufacturing)
IoT (consumer & industrial) Data CentersTelecomFiber Optics

MAJOR CUSTOMERS
ASUSBeldenCommScopeDatwylerDJIGarminHisenseLenovoLetvLogitechR&MVivo

OUR MAGIC SERVICE TO MEET YOUR NEEDS
Business Coverage
