Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

SIWARD Annual Report 2021

Nov 23, 2021

52117_rns_2021-11-23_e65e7fdd-1b6c-4249-89d4-e2eee951f874.pdf

Annual Report

Open in viewer

Opens in your device viewer

==> picture [221 x 62] intentionally omitted <==

PATIENCE CONFIDENCE CONCENTRIC

願景：成為~全球製造高階頻率控制元件的先驅者

使命：成為~一個創造股東最大權益，照顧員工，善盡社會責任的好公司。

1

Agenda

主 講 人

==> picture [96 x 28] intentionally omitted <==

開場引言 董事長 曾頴堂財務報告 發言人 游淑貞產品銷售 發言人 游淑貞市場應用與發展 FAE高專吳東欣總結 Q&A 業務副總張佑安

Key Capability

Comprehensive Portfolio

  • From crystal, TSX, OSC, TCXO, to tuning fork (Taiwan largest supplier)

  • Wide frequency range, high precision, high stability

  • Miniature package size available

  • Wide range of application industry

Core Technology

  • Advance technology quartz-MEMS, QMEMS, inverted MESA

  • In-house manufacture synthetic quartz

==> picture [32 x 32] intentionally omitted <==

==> picture [32 x 34] intentionally omitted <==

==> picture [152 x 184] intentionally omitted <==

----- Start of picture text -----

Why
Siward?
----- End of picture text -----

==> picture [96 x 28] intentionally omitted <==

Total Solution Provider

  • Well-experienced to work with global enterprises to design in

  • Global FAE support, dedicated engineering team to support on testing and problem solving

  • Responsive and excellent service

Quality First

  - Global QA certificate, including automotive IATF16949, AEC-Q200 compliant, PPAP support.

  • Strong technical capability of Siward Japan

  • & Taiwan

3

==> picture [104 x 34] intentionally omitted <==

• 財務報告

財務指標、財務績效、股利政策

4

資產負債表

==> picture [104 x 34] intentionally omitted <==

單位:新台幣仟元 2020.9.30 2020.12.31 2021.9.30
流動資產 1,803,505 1,910,202 2,417,596
資產總額 4,322,109 4,599,558 5,400,881
流動負債 672,868 622,806 767,393
負債總額 1,330,827 1,459,978 1,794,935
權益總額 2,991,282 3,139,580 3,605,946
負債比率 30% 32% 33%
流動比率 250% 307% 315%
速動比率 159% 194% 214%
每股淨值 17.84 19.65 22.58

5

綜合損益表

==> picture [104 x 34] intentionally omitted <==

單位:新台幣仟元 2019 2020 成長率(%) 2020.1.1
~9.30		 2021.1.1
~9.30		 成長率(%)
營業收入 2,298,489 2,590,872 12.7% 1,884,507 2,444,494 29.7%
營業毛利 461,732 532,342 15.3% 407,036 662,089 62.7%
營業淨利 137,031 201,628 47.1% 170,318 366,143 115.0%
稅前淨利 152,154 206,023 35.4% 183,057 370,086 102.2%
稅後淨利 121,346 161,803 33.3% 145,812 292,394 100.5%
毛利率(%) 20.1% 20.5% 2.3% 21.6% 27.1% 25.4%
營業利率(%) 6.0% 7.8% 30.5% 9.0% 15.0% 65.7%
淨利率(%) 5.3% 6.2% 18.3% 7.7% 12.0% 54.6%
權益報酬率 4.0% 5.3% 32.1% 5.0% 8.7% 72.2%
每股盈餘 0.76 1.02 34.2% 0.92 1.84 100%

6

每季財務績效-營業收入 每季財務績效-營業收入 每季財務績效-營業收入 每季財務績效-營業收入 每季財務績效-營業收入
Revenue
Unit: NTD Million 824
891
551 554 623 570 528 632 724 706
730
Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20
Q1-21
Q2-21
Q3-21
Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20
Q1-21
Q2-21
Q3-21
Revenue(QoQ) -11% 0.5% 13% -9% -7% 20% 15% -3%
3%
13%
8%
Revenue(YoY) -20% -21% -10% -8% -4% 14% 16% 24%
38%
30%
23%

7

每季財務績效-營業毛利

==> picture [104 x 34] intentionally omitted <==

==> picture [824 x 405] intentionally omitted <==

----- Start of picture text -----

GROSS PROFIT
275
225
Unit: NTD Million
154 162
106 118 141 97 114 139 125
Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21
Gross Profit Rate 30.9%
27.3%
21.3% 22.6% 21.6% 22.0% 21.3% 22.2%
19.2% 17.0% 17.7%
Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21
Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21
Gross Profit
-24% 11% 20% -31% 18% 22% 11% -19% 30% 39% 22%
(QoQ)
Gross Profit
-18% -15% -17% -31% 8% 18% 9% 29% 42% 62% 79%
(YoY)
----- End of picture text -----

8

每季財務績效-稅後利益

==> picture [104 x 34] intentionally omitted <==

每季財務績效-稅後利益 每季財務績效-稅後利益
Q1-19
Q2-19
Q3-19
Q4-19
Q1-20
Q2-20
Q3-20
Q4-20
Q1-21
Q2-21
Q3-21
Net Profit
(QoQ)
-54%
39%
26%
-113%
-628%
35%
16%
-72%
381%
18%
35%
Net Profit
(YoY)
-21%
-52%
-17%
-110%
19%
16%
7.4%
-328%
108%
82%
112%
Q1-19
Q2-19
Q3-19
Q4-19
Q1-20
Q2-20
Q3-20
Q4-20
Q1-21
Q2-21
Q3-21
31
43
54
-7
37
50
58
16
77
91
123
Net Profit
Unit: NTD Million
5.6%
7.8%
8.7%
-1.2%
7.0%
7.9%
8.0%
2.3%
10.5%
11.0%
13.8%
Q1-19
Q2-19
Q3-19
Q4-19
Q1-20
Q2-20
Q3-20
Q4-20
Q1-21
Q2-21
Q3-21
Net Profit Rate
Q1-19
Q2-19
Q3-19
Q4-19
Q1-20
Q2-20
Q3-20
Q4-20
Q1-21
Q2-21
Q3-21
-54%
39%
26%
-113%
-628%
35%
16%
-72%
381%
18%
35%
-21%
-52%
-17%
-110%
19%
16%
7.4%
-328%
108%
82%
112%
Q1-19
Q2-19
Q3-19
Q4-19
Q1-20
Q2-20
Q3-20
Q4-20
Q1-21
Q2-21
Q3-21
Net Profit
(QoQ)
Net Profit
(YoY)

9

股利政策

==> picture [104 x 34] intentionally omitted <==

Earnings Per Share Cash Dividends Per Share

1.63
1.48 1.45
1.2
1.05 1 0.95 1.02
1
0.76
單位:元 2016 2017 2018 2019 2020
每股盈餘 1.48 1.05 1.63 0.76 1.02
每股股利 1.2 1 1.45 0.95 1
當年度平均收盤價 18.8 20.9 19.59 20.06 20.84
股息發放率(%) 81.08 95.24 88.96 125.00 98.04
殖利率(%) 6.38 4.78 7.40 4.74 4.80

10

==> picture [96 x 28] intentionally omitted <==

• 產品銷售

11

==> picture [96 x 28] intentionally omitted <==

Who we are

Established in 1988

==> picture [17 x 15] intentionally omitted <==

==> picture [17 x 14] intentionally omitted <==

==> picture [17 x 14] intentionally omitted <==

==> picture [16 x 14] intentionally omitted <==

==> picture [17 x 15] intentionally omitted <==

==> picture [17 x 15] intentionally omitted <==

==> picture [16 x 15] intentionally omitted <==

==> picture [453 x 300] intentionally omitted <==

----- Start of picture text -----

HQs Taiwan (2 RD center + 2 sales office + 3 manufactures) Sales office RD center
Japan USA
USA
Yamagata California New Jersey
China Japan
Shanghai Tokyo
HQs
China Taiwan
Shenzhen
Malaysia
Penang
----- End of picture text -----

HQs: Taichung, Taiwan (Taiwan IPO listing)

$53.5M capital

800[+] employees worldwide

50[+] R&D engineers

3 R&D centers

3 manufacturing sites

8 sales offices in global

12

==> picture [96 x 28] intentionally omitted <==

Wafer - Zhunan, Taiwan Wafer MEMS Global Manufacturing site (MEMS wafer for KHz) Production Sites HQs - Taichung, Taiwan RD center Major manufacturing site Sales office Tainan, Taiwan Synthetic Quartz Bar Manufacturing site (KHz) Siward Proprietary and Confidential

Production Sites

13

Product Portfolio

==> picture [96 x 28] intentionally omitted <==

==> picture [813 x 325] intentionally omitted <==

----- Start of picture text -----

Quartz
& Crystal Oscillator
Wafer
Synthetic Tuning Fork Seam Seal Tuning Fork OSC VCXO
(32.768 KHz)
Quartz Wafer
3” MEMS Wafer Processing
Thermistor (TSX) TCXO (VC)TCXO
----- End of picture text -----

14

Market Insight

==> picture [96 x 28] intentionally omitted <==

2020.1.1~9.30銷售額比例 產品別

2021.1.1~9.30銷售額比例 產品別

==> picture [727 x 245] intentionally omitted <==

----- Start of picture text -----

Others
Others
18%
16%
X‘TAL X‘TAL
VC(TCXO) 38% VC(TCXO) 38%
5% 5%
OSC OSC
19% 12%
X‘TAL~TF X‘TAL~TSX X‘TAL~TF
X‘TAL~TSX
9% 17% 12%
11%
----- End of picture text -----

15

Market Insight

==> picture [96 x 28] intentionally omitted <==

2020.1.1~9.30銷售額比例 地區別 2021.1.1~9.30銷售額比例 地區別

==> picture [330 x 257] intentionally omitted <==

----- Start of picture text -----

CHINA
17%
Taiwan
37%
EU
19%
Others
Global EMS
1%
9%
US
JP+KR
12%
5%
----- End of picture text -----

==> picture [331 x 251] intentionally omitted <==

----- Start of picture text -----

CHINA
19%
Taiwan
41%
EU
19%
Others Global EMS
US
1% JP+KR 7%
7%
6%
----- End of picture text -----

16

Market Insight

==> picture [96 x 28] intentionally omitted <==

2020.1.1~9.30 銷售額比例 產品應用別

2021.1.1~9.30銷售額比例 產品應用別

==> picture [758 x 291] intentionally omitted <==

----- Start of picture text -----

Automotive
Automotive
IoT/Wearable/ 3% IoT/Wearable/
2%
Modules Modules
PC/Consumers
PC/Consumers 13%
14%
12%
14%
Mobile
Mobile Communication
Communication 7%
Others
7% Others
8%
5%
Networking
OEM OEM 33%
26% Networking 25%
31%
----- End of picture text -----

17

==> picture [96 x 28] intentionally omitted <==

• 市場應用與發展

18

5G : A New Era of Communications

==> picture [96 x 28] intentionally omitted <==

==> picture [514 x 259] intentionally omitted <==

Source：Microwave Journal

19

5G : A New Era of Communications

==> picture [96 x 28] intentionally omitted <==

==> picture [24 x 14] intentionally omitted <==

----- Start of picture text -----

4G
----- End of picture text -----

==> picture [75 x 10] intentionally omitted <==

----- Start of picture text -----

Source：Skyworks
----- End of picture text -----

20

Application in

Smartphone

==> picture [90 x 24] intentionally omitted <==

==> picture [99 x 21] intentionally omitted <==

==> picture [82 x 103] intentionally omitted <==

Crystal 1.2x1.0x0.30 mm

TSX 1.6x1.2x0.65 mm

TCXO/VCTCXO 1.6x1.2x0.55 mm High stability ±0.5ppm Oscillator 2.0x1.6x0.85 mm Phase Jitter@12K-20MHz 0.8 ps

21

Application in

TWS

Wearables

Crystal

1.2x1.0x0.30 mm

==> picture [64 x 62] intentionally omitted <==

==> picture [71 x 63] intentionally omitted <==

==> picture [50 x 58] intentionally omitted <==

TSX

1.6x1.2x0.65 mm

TCXO/VCTCXO

Medical

==> picture [61 x 66] intentionally omitted <==

GPS/GNSS

==> picture [92 x 56] intentionally omitted <==

1.6x1.2x0.55 mm High stability ±0.5ppm

Oscillator 2.0x1.6x0.85 mm Phase Jitter@12K-20MHz 1.0 ps

22

==> picture [96 x 28] intentionally omitted <==

Application in

Networking & Smart Home

Wi-Fi Router Smart Bell BRCM & Intel AVL Amazon Ring Smart Speaker Others Smart TV Set-top Box BT/BLE NFC

==> picture [281 x 231] intentionally omitted <==

Crystal 1.2x1.0x0.30 mm

TSX

1.6x1.2x0.65 mm Tuning Fork 3.2x1.5x0.80 mm Oscillator 2.0x1.6x0.85 mm Phase Jitter@12K-20MHz 1.0 ps

23

Application in

Laptop Electronic Shelf Labels Gaming Controller POS Crystal Oscillator TCXO/VCTCXO 1.2x1.0x0.30 mm 2.0x1.6x0.85 mm 1.6x1.2x0.55 mm Phase Jitter@12K-20MHz 0.8 ps High stability ±±0.5ppm

TCXO/VCTCXO 1.6x1.2x0.55 mm High stability ±±0.5ppm

24

==> picture [96 x 28] intentionally omitted <==

Application in

==> picture [699 x 385] intentionally omitted <==

----- Start of picture text -----

ADAS V2X EV Entertainment
Automotive ADAS
Infotainment & Navigation Anti-glare Rearview Mirror
IATF16949 & AEC-Q100/200
Crystal
1.2x1.0x0.30 mm
TSX
1.6x1.2x0.65 mm Radar
TCXO/VCTCXO
1.6x1.2x0.55 mm
Adaptive Cruise Control Keyless
High stability ±0.5ppm (ACC) Cluster Blind Spot Detection
(BSD)
Tuning Fork Tire Pressure Monitoring System
(TPMS)
2.0x1.2x0.6 mm
----- End of picture text -----

Automotive

IATF16949 & AEC-Q100/200

25

Key Application

==> picture [139 x 130] intentionally omitted <==

==> picture [144 x 130] intentionally omitted <==

Networking

IoT & Wearable

Wi-Fi router, IoT, wearables, BT, infrastructure, smart TWS, AR/VR, medical, home devices, storage, GPS/GNSS server

==> picture [143 x 129] intentionally omitted <==

Smartphone

4G LTE, 5G mobile phone

==> picture [96 x 28] intentionally omitted <==

==> picture [145 x 131] intentionally omitted <==

==> picture [143 x 130] intentionally omitted <==

Automotive

PC & Consumers

NB, retail, gaming, EV, ADAS, entertainment, consumer electronics autonomous

26

==> picture [96 x 28] intentionally omitted <==

• 總結Q&A

27

==> picture [96 x 28] intentionally omitted <==

www.siward.com

==> picture [136 x 38] intentionally omitted <==

More from SIWARD

Regulatory Filings 2026
May 25
Annual Report 2026
May 22
Annual Report 2026
May 22
Interim / Quarterly Report 2026
May 22
Interim / Quarterly Report 2026
May 22
AGM Information 2026
May 20
Major Shareholding Notification 2026
May 20
Proxy Solicitation & Information Statement 2026
May 20
Proxy Solicitation & Information Statement 2026
May 20
AGM Information 2026
May 20
View all filings →