THINKING — Interim / Quarterly Report 2021

Dec 21, 2021

Stock Number: 2428

THINKING ELECTRONIC INDUSTRIAL CO., LTD.

LEGAL PERSON BRIEFING SESSION Q3 2021

2021.12.21

Disclaimer

This presentation is prepared according to information available at the time the presentation was made. Financial or other related information may contain forward-looking statements about the company and its subsidiaries. The information is subject to significant risks and uncertainties, and actual results may differ materially from those contained in any forward-looking statements. The presentation is exclusively for the purpose of providing information, and not for the purpose of investment advice. The company does not undertake obligations of accuracy and completeness of the information and any losses caused by using the information of the presentation.

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Company Introduction

A 42 year old protective component manufacturer

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Owns 7 factories and 4000 employees

THINKING Factories

Taiwan Kaohsiung 2[nd ] Factory Kaohsiung 1[st] Factory Kaohsiung 3[rd] Factory (under construction)

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Yilan Factory

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China
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Changzhou Dongguan
Factory Factory
Jingdezhen Yichang
Factory Factory
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Locations of THINKING Group

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TAIWAN
China
YENYO
Yichang
Factory
Changzhou
Factory
Jingdezhen
Factory
THINKING
Taiwan
Dongguan
Factory
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THINKING Products

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Over-Voltage Protection Over-Current Protection Over-Temperature Protection
General Primary
NTC ICL NTC
Protection Protection
Thermistor
ESD
TVS Diode
Protection Ceramic PTC Ceramic PTC
Thermistor Thermistor
Spark Gap Thyristor Surge
Protector Suppressor Polymer PTC Temperature
Thermistor Sensor
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Global Presence of THINKING

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Operation Overview: Revenue and EPS of Recent Years

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Operation Overview: Yearly Consolidated Income Statement

				Unit: Million NTD	Unit: Million NTD
Item	2020 Q3	2021 Q2	2021 Q3	QoQ	YoY
Net sales	1,620	1,960	1,916	-2.3%	18.3%
Gross profit margin	48.2	45.2	42.2	-3.0%	-6.0%
Operating expenses	202	261	273	4.4%	35.1%
Operating expenses ratio	12.5	13.3	14.2	-0.9%	1.7%
Non-operating income and	11	-25	16	-165.2%	50.8%
expenses
Net income	419	439	.380	-13.5%	-9.3%
Net Profit Margin	25.9	22.4	19.8	-2.6%	-6.1%
Earning per share (NTD)	3.27	3.39	2.94	-0.45	-0.33

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Operation Overview: Consolidated Balance Sheets

				Unit: Million NTD	Unit: Million NTD	Unit: Million NTD
Item	2020.9.30	2021.6.30	2021.9.30	%	QoQ	YoY
Cash and cash equivalents	1,945	2,443	2,535	20%	3.8%	30.3%
Accounts receivable	2,190	2,554	2,402	19%	-6.0%	9.7%
Inventories	1,043	1,579	1,798	14%	13.9%	72.4%
Current assets	7,327	8,835	9,087	72%	2.9%	24.0%
Fixed assets	2,168	2,359	2,524	20%	7.0%	16.4%
Non-current assets	2,784	3,440	3,599	28%	4.6%	29.3%
Total assets	10,111	12,275	12,686	100%	3.3%	25.5%
Short-term borrowings	824	603	1,352	11%	124.2%	64.1%
Account payable	582	729	718	6%	-1.5%	23.4%
Other account payable	400	552	541	4%	-2.0%	35.3%
Current liabilities	2,111	2,223	2,904	23%	30.6%	37.6%
Non-current liabilities	1,098	1,816	1,932	15%	6.4%	76.0%
Total liabilities	3,209	4,039	4,836	38%	19.7%	50.7%
Total equity	6,902	8,236	7,850	62%	-4.7%	13.7%

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Operation Overview: Analysis of Financial Ratios

	Item	2020.9.30	2021.6.30	2021.9.30	QoQ	YoY
	Debt Ratio	31.7%	32.9%	38.1%	5.22	6.38
Current Ratio		347.1%	397.4%	312.9%	-84.48	-34.11
Account	Turnover ratio (times)	2.65	2.98	3.11	0.12	0.46
receivable	Average collection days	137.6	122.33	117.42	-4.91	-20.18
	Turnover ratio (times)	3.31	2.89	2.75	-0.14	-0.56
Inventories	Average inventory turnover days	110.15	126.46	132.69	6.23	22.54
Account	Turnover ratio (times)	5.54	5.97	6.18	0.21	0.64
payable	Average payables turnover days	65.91	61.12	59.05	-2.07	-6.86

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Current and Future Operation Direction

Developing and future application markets of THINKING are Electric Vehicle, 5G Communications, Industrial Applications, and Medical & Health Care

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Q&A
THANK YOU！

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Thank You for Your Listening!

Website: www.thinking.com.tw Email: thinking@thinking.com.tw

Address: 12F, No. 93, Dashun 1[st] Rd., Zuoying Dist., Kaohsiung City 81357, Taiwan Tel:(07)5577660 Fax:(07)5570560

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