SUNON — Interim / Quarterly Report 2019

Nov 8, 2019

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建準電機 2019年第三季 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。

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
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)

38 年 專注在節能馬達 技術發明與創新

成 立 時 間 員工人數 生產工廠 2018 銷售額 (Taiwan) (China) (Taiwan) (China) NTD$ 1980 550 7300 1 3 119.7[億]

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Motor 0.1W 1500 Watts
Fan 8mm 80mm 120mm 250 mm 3000mm 7300mm
HVLS Fan up to 7,300 mm
The Smallest Fan 8 mm
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SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)

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歷年營收
持續成長
伺服器、資料中心
Million (NTD)
持續成長
獲得STB / 歐美 跨入LED照明散熱
汽車大廠訂單 成為飛利浦唯一供應商
PM2.5空污產品及
汽車電子
獲思科、中興、華為等
伺服器、4G與雲端領域大廠訂單
金融海嘯
獲得電信網通大廠訂單
跨入雲端資料中心
獲得臉書、Google大廠訂單
專注Micro Cooling Device
成為當時NB 代工廠唯一供應商
SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT) Page 8
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建準研發 三塊論

馬達發明
應用材料的研究
馬達原材料開發與實驗
發明
馬達應用馬達整體散熱熱的全方位解決方案
商品化的設計模擬及驗證

建準累計專利件數

SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)

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3000
[2671]
[2568]
2500 2006 2157 [2298] [2454]
2000 [1825]
[1695]
1451 [1586]
1500
1000
500
0
2 [009] 2 [010] 2 [011] 2 [012] 2 [013] 2 [014] 2 [015] 2 [016] 2 [017] 2 [018]
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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。

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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

磁浮防震超輕薄高效率
馬達系統馬達系統馬達馬達

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92%
efficiency
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3mm Thickness

極靜音 聲音品質工 程

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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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馬達 風扇
高效節能馬達
高效能風扇
通風 散熱
系統 模組
直流電機 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- 250mm
DC Axial Fan DC Blower AC Axial Fan
Mighty Mini Fan Water proof Fan Explosion-proof Fan
Fan Tray
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EC Axial Fan

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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)

Motor

高效節能馬達 0.1W ~ 1500W

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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)

Ventilation 直流電機通風方案

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精品換氣扇 雙流新風機 HVLS 吊扇
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SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)

產品應用及年增率

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50% 2016
2017
40%
35.3%
2018
30%
25.9%
2019YTD
20% 41.4%
13.8% 36.1%35.5%
8.5% 8.7% 22.8%
10% 1.5% 6.4% 15.6%16.0%15.9% 17.6%20.4%
9.0% 10.7% 9.8% 10.5%10.7%10.0%
2.0% 1.9% 1.8% 3.9% 4.2% 4.3%
0%
LED Lighting Automobile Distribution Home Industrial Telecom & IT & OE
Appliances Medical E. Server
-4.9%
-20.2% -19.8% -18.6% -20.9% 7.7%
35.5%
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SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)

營收表現

UNIT: NTD (K)

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11,965,298
12,000,000 20%
10,690,822 [10,946,728 ]
15.5%
9,533,345 [10,109,156 ]
10,000,000 15%
8,398,392
8,256,495
9.3%
7,708,731
8,000,000 10%
7.1%
6.0% 5.8%
6,000,000 5%
2.4%
4,000,000 0%
-5.9%
2,000,000 -5%
0 -10%
Y2012 Y2013 Y2014 Y2015 Y2016 Y2017 Y2018 2019YTD
營收 成長率
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SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)

獲利能力

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30% 毛利率
23.3%
21.6%
19.4%
20% 22.0% 23.0% 23.3%21.6% 21.4% 22.4%
22.9% 20.4% 23.5% 22.6% 19.6% 22.4% 20.1%
20.5% 18.3%
10% 19.7% 21.1% 22.4% 20.3%
17.5%
0%
Q1 Q2 Q3 Q4 Y
Y2015 Y2016 Y2017 Y2018 Y2019
營業利益率
10%
8.9%
8%
7.9% 5.8% 8.2% 8.2%
7.6%
6% 7.8% 6.9%
6.0% 6.4% 6.5% 6.5%
5.9%
4% 2.7% 4.9% 5.4% 5.0%
4.4% 4.3%
3.5%
2% 2.7%
2.6%
0.8%
0%
Q1 Q2 Q3 Q4 Y
淨利率
10%
7.9%
8%
5.9%
6% 7.4%
3.9% 5.7% 6.1% 6.4% 6.4% 6.5% 6.3% 6.7% 5.5% 6.0%
4% 5.1% 6.3% 5.1% 5.1%
4.6% 4.4%
2% 2.3% 2.6% 3.1%
0% 1.3%
Q1 Q2 Q3 Q4 Y
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SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)

每股盈餘與現金股利

UNIT: NTD

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3.0 2.62
2.41
2.5 2.28 2.3
2.0
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 Y2018
Payout
120.48% 81.97% 79.47% 84.75% 87.72% 87.79% 82.99%
R.
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SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)

未來發展與成長動能

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Energy Storage Industry 4.0 5G
Automobile
System 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
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SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)

附錄一: 合併資產負債表

				合併綜合損益表	合併綜合損益表	合併綜合損益表
	NT$百萬	2015	2016	2017	2018	2019 前三季		2016	2017 2018 成長率 YOY(%)		2019 前三季
	營業收入	10,109	10,691	10,947	11,965	8,398		5.76%	2.39%	9.30%	-5.94%
	營業毛利	2,054	2,398	2,454	2,402	1,815		16.75%	2.34%	-2.12%	0.55%
	營業淨利	439	695	756	602	510		58.31%	8.78%	-20.37%	8.74%
	稅前淨利	584	833	842	784	597		42.64%	1.08%	-6.89%	0.34%
	歸屬母公司淨利	442	572	657	605	464		29.41%	14.86%	-7.91%	0.00%
	每股盈餘(NT$)	1.77	2.28	2.62	2.41	1.85
	毛利率	20.32%	22.43%	22.42%	20.08%	21.61%
	營業淨利率	4.34%	6.50%	6.91%	5.03%	6.07%
	淨利率(註)	4.37%	5.35%	6.00%	5.06%	5.53%

(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)

附錄二: 合併綜合損益表

合併資產負債表
NT$百萬 2015 2016 2017 2018 2019.9.30	2016 2017 2018 2019.9.30 成長率 YOY(%)
資產總計 7,523 8,391 8,813 8,972 8,754	11.54% 5.03% 1.80% -3.58%
現金 1,269 1,338 1,387 1,145 1,135	5.44% 3.66% -17.45% -6.58%
應收票據及帳款 2,439 2,871 2,724 3,091 3,169	17.71% -5.12% 13.47% -3.44%
存貨 1,480 1,377 1,744 1,794 1,420	-6.96% 26.65% 2.87% -20.71%
不動產、廠房及設備 1,775 2,182 2,294 2,378 2,321	22.93% 5.13% 3.66% -1.49%
負債總計 3,516 4,324 4,639 4,832 4,697	22.98% 7.28% 4.16% -7.81%
短期借款 464 454 636 843 739	-2.16% 40.09% 32.55% -22.62%
應付帳款 2,084 2,469 2,550 2,671 2,420	18.47% 3.28% 4.75% -12.03%
長期借款 0 320 320 220 220	-31.25% 0.00%
權益總計 4,007 4,067 4,174 4,139 4,056	1.50% 2.63% -0.84% 1.81%
平均收現日數 88 91 93 89 102
平均銷貨日數 64 63 67 68 67
流動比率(倍) 1.6317 1.5336 1.4898 1.4247 1.4409

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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)