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SUNON — Interim / Quarterly Report 2018
Dec 4, 2018
52070_rns_2018-12-04_e9a9e207-ff56-4e64-b281-a9ef841a11cf.pdf
Interim / Quarterly Report
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建準2421
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建準電機 2018年Q3 營運報告 2421.TW / 2421 TT
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SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)
免責聲明
本簡報是建立於本公司從各項來源所取得之資訊。 有些資訊可能受未來不確定性因素影響，致使與 原先本公司對於未來前景的說明迥異。未來若有 變更或調整時，請以公開資訊觀測站公告資訊為 依據。 (http://mops.twse.com.tw/mops/web/index)
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SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)
散熱和熱管理
電路在運作時會發熱，需利用設備進行散熱，否則會降 低可靠度，甚至造成電路的損壞。散熱技術是利用熱傳 導、對流、熱輻射的方式散熱，散熱技術中最常見的是 用散熱片及風扇，利用空氣來冷卻，有些設備的發熱量 大，需要用水冷方式散熱。
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被動性散熱元件 主動式散熱元件
散熱片 熱導管/ 板 水冷循環 散熱風扇
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SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)
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散熱模組
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散熱模組
散熱模組
芯片 TIM 銅塊 熱管 鰭片 風扇 環溫
符合系統
熱源 導熱段 散熱段
操作溫度
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圖片來源：網路圖片
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SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)
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圖片來源：網路圖片
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散熱風扇 (伺服器)
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圖片來源：網路圖片
SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT) Page 5
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散熱風扇
(汽車)
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SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)
37 年 專注在節能馬達 技術發明與創新
技術發明與創新 公司簡介 成立時間：1980年 員工人數：500人(台灣地區) 7400人(大陸地區) 2017 銷售額：NTD 109.5億元 生產工廠：台灣運通廠 中國佛山廠 中國昆山廠 中國北海廠 中國合肥廠
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Motor 0.1W 1500 Watts Fan 3mm 80mm 200mm 630 mm 3000mm 7000mm
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SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)
歷年營收 持續成長
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SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)
建準研發 三塊論
馬達應用 商品化
馬達發明 應用材料的研究 原材料開發與實驗
熱的全方位解決方案 的設計模擬及驗證
建準累計專利件數
SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)
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全球行銷
•
全球超過1000個銷售服務據點，12 個子公司與辦事處、
超過130個經銷代理商。
技術支援
•
全球7 個研發實驗室提供產品技術支援與設計服務。
Europe China / Foshan China / Kunshan Taiwan Taiwan Taipei Japan/ Yokohama U.S.A.
Research Center Research Center Research Center Research Center Research Center Research Center Research Center
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SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)
獨步全球的馬達核心技術
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極靜音
磁浮 防震 超輕薄 高效率
聲音品質工
馬達系統 馬達系統 馬達 馬達
程
92%
3mm
Thickness efficiency
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SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)
卓越的技術解決客戶各種問題
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馬達磁路模擬分析 高效率馬達分析 振動頻譜分析 材料分析與研究
全方位馬達、散熱、通風解決方案
聲音品質 流場 結構強度 高壓直驅
分析與研究 模擬分析 模擬分析 電源控制
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SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)
SUNON 產品組合
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散熱
模組
全方位散熱
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SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)
Fan & Blower
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Fan Size
8mm- 630mm
DC Axial Fan DC Blower AC Axial Fan
Mighty Mini Fan Water proof Fan Explosion-proof Fan
Fan Tray
Dual Blower EC Axial Fan EC Blower EC Centrifugal Fan
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SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)
全方位散熱解決方案 Cooling Module
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主動式 被動式
散熱模組 散熱模組
水冷式
散熱模組
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SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)
高效節能馬達 0.1W ~ 1500W Motor
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DC motor
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Commercial Refrigerator / Freezer HVACR
EC motor EC horsepower motor
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SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)
直流電機通風方案 Ventilation
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德國 iF
產品設計獎 台灣精品獎
精品換氣扇 快速排氣
雙流新風機 雙向換氣
HVLS 吊扇 均溫通風
SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT) Page 17
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SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)
產品應用
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50% 2016 2017 2018YTD
41.4%
40%
36.1%34.9%
30%
22.6%
20.4%
20% 16.4% 17.6%
15.6% 16.0%
10.0% 10.5% 10.7%10.0%
10.7%
10% 9.0%
4.2% 4.4%
2.0% 1.9% 1.7% 3.9%
0%
LED Lighting Automobile Distribution Home Industrial Telecom & IT & OE
Appliances Medical E. Server
-4.1% 4.8% 1.8% 6.6%
9.9% 11.3% 19.3%
SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT) Page 18
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營收表現
UNIT: NTD (K)
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12,000,000 營收 成長率 18%
10,690,822 [10,946,728 ]
10,109,156 16%
10,000,000 9,533,345
15.5% 8,927,537 14%
8,256,495
7,708,731
8,000,000 12%
10%
6,000,000
8%
8.9%
4,000,000 7.1% 6%
6.0%
5.8% 4%
2,000,000
2%
2.4%
0 0%
Y2012 Y2013 Y2014 Y2015 Y2016 Y2017 Y2018YTD
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SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)
獲利能力
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毛利率
30%
20.36% 21.61%
18.30% 22.95% 23.33%
21.98% 22.86% 21.35% 22.42%
23.47% 22.59% 22.43%
20.47%
10% 17.53% 19.69% 21.14% 22.44% 20.32%
-10% Q1 Q2 Q3 Q4 Y
Y2015 Y2016 Y2017 Y2018YTD
營業利益率
10%
7.59%
8%
7.92% 8.15% 8.24%
6% 4.94% 7.81% 6.91%
6.01% 6.39% 6.51%
4% 5.92% 5.39% 6.50%
2.60% 4.34%
3.46%
2% 2.67%
0.83%
0%
Q1 Q2 Q3 Q4 Y
淨利率
10%
8% 6.49%
6.06%
6% 7.36% 6.42%
6.44% 6.74% 6.01%
5.66% 6.32%
4% 5.12% 6.29% 5.51%
2.60% 5.05% 4.44%
2% 3.07%
2.26%
1.30%
0%
Q1 Q2 Q3 Q4 Y
SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT) Page 20
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每股盈餘與現金股利
UNIT: NTD
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3.0 2.62
2.5 2.28 2.3
2.0
2.0 1.77
1.51 1.5
1.5 1.22 1.2
1.0 1.0
0.83
1.0
0.5
0.0
EPS Cash Dividend
Y2012 Y2013 Y2014 Y2015 Y2016 Y2017
Payout R. 120.48% 81.97% 79.47% 84.75% 87.72% 87.79%
SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT) Page 21
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未來發展與成長動能
EC Solution Industry 4.0 5G Automobile for HVACR Inverter / Drive Application 5G Wi-Fi IoT ,AI & Cloud Industrial Gaming Air Purifier Computing Ventilation 圖片來源：網路圖片 SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT) Page 22
附錄一: 合併資產負債表
| 合併資產負債表 | |
|---|---|
| 2015 2016 2017 2018Q3 資產總計 7,324 7,523 8,391 8,813 9,079 2.72% 11.54% 5.03% 10.94% 現金 961 1,269 1,338 1,387 1,215 32.05% 5.44% 3.66% 20.54% 應收票據及帳款 2,440 2,439 2,871 2,724 3,282 -0.04% 17.71% -5.12% 15.89% 存貨 1,338 1,480 1,377 1,744 1,791 10.61% -6.96% 26.65% 11.59% 不動產、廠房及設備 1,810 1,775 2,182 2,294 2,356 -1.93% 22.93% 5.13% 4.29% 負債總計 3,364 3,516 4,324 4,639 5,095 4.52% 22.98% 7.28% 22.98% NT$百萬 2014 2015 2016 2017 2018Q3 成長率 YOY(%) |
|
| 短期借款 497 464 454 636 955 -6.64% -2.16% 40.09% 59.70% 應付帳款 1,934 2,084 2,469 2,550 2,751 7.76% 18.47% 3.28% 22.27% 長期借款 0 0 320 320 220 -31.25% 權益總計 3,960 4,007 4,067 4,174 3,984 1.19% 1.50% 2.63% -1.41% 平均收現日數 85 88 91 93 92 平均銷貨日數 60 64 63 67 68 流動比率(倍) 1.635 1.6317 1.5336 1.4898 1.3666 |
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SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)
附錄二: 合併綜合損益表
| 合併綜合損益表 | |||
|---|---|---|---|
| NT$百萬 2014 2015 2016 2017 2018 前三季 |
2015 2016 2017 2018 前三季 6.04% 5.76% 2.39% 8.85% 5.17% 16.75% 2.34% -3.37% 5.02% 58.31% 8.78% -22.86% 11.24% 42.64% 1.08% -10.39% 16.62% 29.41% 14.86% -10.60% 成長率 YOY(%) |
||
| 營業收入 9,533 10,109 10,691 10,947 8,928 |
|||
| 營業毛利 1,953 2,054 2,398 2,454 1,805 |
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| 營業淨利 418 439 695 756 469 |
|||
| 稅前淨利 525 584 833 842 595 |
|||
| 歸屬母公司淨利 379 442 572 657 464 |
|||
| 每股盈餘(NT$) 1.51 1.77 2.28 2.62 1.85 |
|||
| 毛利率 20.49% 20.32% 22.43% 22.42% 20.22% |
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| 營業淨利率 4.38% 4.34% 6.50% 6.91% 5.25% |
|||
| 淨利率(註) 3.98% 4.37% 5.35% 6.00% 5.20% |
(註)淨利率=歸屬母公司淨利/營業收入
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SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)
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www.sunon.com
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SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)