AI assistant
THINKING — Interim / Quarterly Report 2022
Sep 26, 2022
52076_rns_2022-09-26_f66fcdde-218e-4efc-8dc0-37a1f10a163b.pdf
Interim / Quarterly Report
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THINKING ELECTRONIC INDUSTRIAL CO., LTD.
LEGAL PERSON BRIEFING SESSION 2022 Q2
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2022/9/26
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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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Milestone
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THINKING ELECTRONICS
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Factories of THINKING
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Yichang Factory Changzhou Factory Yilan Factory
Kaohsiung 1 [st] Factory
Major Product Major Product Major Product
Major Product
JiangXi Factory
Kaohsiung 2 [nd] Factory
Dongguan Factory
Front-End
Major Product
Major Product
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THINKING ELECTRONICS
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THINKING Products
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Over-Temperature
Protection
NTC Thermistor PTC Thermistor Temperature Sensor
-
Over Current
Protection
NTC ICL PTC Thermistor Polymer PTC Thermistor
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Over-Voltage
Protection
General Primary ESD Spark Gap Thyristor Surge
TVS Diode
Protection Protection Protection Protector Suppressor
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Major Markets
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Information and
Automotive and Industrial
Communication Technolo
gy
Telecom Power Supply 43% Automotive Industrial
(10%)
Medical and Others
Consumer
Electronics Computer
Other
Home Appliances and Lighting 18% Medical applications
Home Appliances Lighting Distributor
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THINKING ELECTRONICS
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Core Technology
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SMD type product ● ● Laminating & stacking
●
● Printing
Lead type product
● Sintering
Sensor assembly ●
● Surface finishing
●
Material design ●
Packaging
●
Material processing ● Measurement
● Automation
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Commitment to R&D
Focused R&D to capitalize on opportunity in growing markets such as 5G, EV, Medical, Industrial
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Unit: Million NTD
Annual R&D
300 4.5%
4.0%
250
3.5%
200 3.0%
2.5%
150
2.0%
100 1.5%
1.0%
50
0.5%
0 0.0%
2016 2017 2018 2019 2020 2021
R&D % of sales
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Technical Support
THINKING AE team provides comprehensive technical support.
Technical Consultation: Discussion of technical problems with customers Product Selection Suggestion: Selecting products in accordance with customer’s needs Circuit Design Assistance: Discussion of circuit design for problems that customers encounter
Application Example: Application experience sharing with customers
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Operation Overview: Revenue and EPS of Recent Years
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Revenue-2Q (Unit：million NTD)
12.31
Revenue-Year (Unit：million NTD)
EPS-2Q (Unit：NTD)
10.81
EPS-Year (Unit：NTD)
8.71
8.47
7.67
7,500
6,020 6.57
5,827 5,814 5,920
4.6
4.2
3.91
3.16 3,719 3,700
2017Y 2018Y 2019Y 2020Y 2021 2022Q2
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Operation Overview: Yearly Consolidated Income Statement
| Unit: Million NTD | Unit: Million NTD | ||||
|---|---|---|---|---|---|
| Item | |||||
| Net sales | 1,900 |
1,800 |
1,960 |
5.6% |
-3.1% |
| Gross profit margin | 37.6 |
39.3 |
45.3 |
-1.7% |
-7.7% |
| O ti pera ng expenses |
312 |
282 |
261 |
10 6%. |
19 5%. |
| Operating expenses ratio | 16.4 |
15.7 |
13.3 |
0.8% |
3.1% |
| Non-operating income and expenses | 144 |
96 |
-25 |
50.0% |
-676.0% |
| Net income | 411 |
399 |
439 |
3.0% |
-6.4% |
| Net Profit Margin | 21.6 |
22.2 |
22.4 |
-0.5% |
-0.8% |
| Earning per share (NTD) | 3.18 |
3.10 |
3.39 |
0.08 |
-0.21 |
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Revenue & Gross Margin
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Opt. Profits & Margin
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Opt. Profits & Expenses
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Operation Overview: Consolidated Balance Sheets
| Unit: | Million NTD | |||||
|---|---|---|---|---|---|---|
項目 |
2022.6.30 | 2022.3.31 | 2021.6.30 | QoQ | YoY | |
| Cash and cash equivalents | 3,317 |
24% |
2,870 |
2,443 |
15.6% |
35.8% |
| Accounts receivable | 2,229 |
16% |
2,226 |
2,554 |
0.1% |
-12.7% |
| Inventories | 2,067 |
15% |
2,039 |
1,579 |
1.4% |
30.9% |
| Current assets | 9,363 |
69% |
8,767 |
8,835 |
6.8% |
6.0% |
| Fixed assets | 2,946 |
22% |
2,836 |
2,359 |
3.9% |
24.9% |
| Non-current assets | 4,247 |
31% |
4,124 |
3,440 |
3.0% |
23.5% |
| Total assets | 13,610 |
100% |
12,891 |
12,275 |
5.6% |
10.9% |
| Short-term borrowings | 390 |
3% |
334 |
603 |
16.8% |
-35.3% |
| Account payable | 519 |
4% |
487 |
729 |
6.6% |
-28.8% |
| Other account payable | 649 |
5% |
560 |
552 |
15.9% |
17.6% |
| Current liabilities | 2,734 |
20% |
1,737 |
2,223 |
57.4% |
23.0% |
| Long-term borrowings | 1,021 |
8% |
787 |
522 |
29.7% |
95.6% |
| Non-current liabilities | 2,492 |
18% |
2,277 |
1,816 |
9.4% |
37.2% |
| Total liabilities | 5,226 |
38% |
4,014 |
4,039 |
30.2% |
29.4% |
| Total equity | 8,384 |
62% |
8,877 |
8,236 |
-5.6% |
1.8% |
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| Operation Overview: | Operation Overview: | Operation Overview: | Operation Overview: | ||||
|---|---|---|---|---|---|---|---|
| Analysis of | Financial Ratios | ||||||
項目 |
|||||||
| Debt Ratio | 38.40% |
31.13% |
32.90% |
7.27% |
5.50% |
||
| Current Ratio | 342.46% |
504.73% |
397.41% |
-162.27% |
-54.95% |
||
| A t ccoun |
Turnover ratio (times) | 3.33 |
3.24 |
2.98 |
0.09 |
0.35 |
|
| receivable | Average collection days | 110 |
113 |
122 |
-3 |
-13 |
|
| Turnover ratio (times) | 2.27 |
2.19 |
2.89 |
0.08 |
-0.61 |
||
| Inventories | Average inventory turnover days | 161 |
166 |
126 |
-6 |
34 |
|
| Account | Turnover ratio (times) | 8.10 |
8.00 |
5.97 |
0.10 |
2.13 |
|
| payable | Average payables turnover days | 45 |
46 |
61 |
-1 |
-16 |
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Vision
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Contribution to Human Life in
Automotive Telecom Industrial Medical
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Q&A
Mission Statement: Contribute to safety and operation efficiency of electronics T Think K Keen S Service 18
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THINKING Contribute to safety and operation efficiency of electronics
THINKING ELECTRONICS