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THINKING — Interim / Quarterly Report 2022
Jun 28, 2022
52076_rns_2022-06-28_28eda4a8-cbaa-40b3-89d8-276e413e19ad.pdf
Interim / Quarterly Report
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THINKING ELECTRONIC INDUSTRIAL CO., LTD.
LEGAL PERSON BRIEFING SESSION 2022Q1 2022/6/28
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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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THINKING ELECTRONICS
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Operation Overview: Revenue and EPS of Recent Years
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Revenue-1Q (Unit ： million NTD) Revenue-Year (Unit ： million NTD)
EPS-1Q (Unit ： NTD) EPS-Year (Unit ： NTD)
12.31
10.81
8.71
8.47
7.67
7,500
5,827 6,020 5,814 5,920
3.18
1.95
1.61 1.56
0.76 -
1,759 1,800
2017Y 2018Y 2019Y 2020Y 2021 2022Q1
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Operation Overview: Yearly Consolidated Income Statement
| Unit: Million NTD | Unit: Million NTD | ||||
|---|---|---|---|---|---|
| Item | 2022Q1 | 2021Q4 | 2021Q1 | QoQ | YoY |
| Net sales | 1,800 | 1,865 | 1,759 | -3.5% | 2.3% |
| Gross profit margin | 39.3 | 41.0 | 44.3 | -1.7% | -5.1% |
| O ti pera ng expenses |
282 | 329 | 252 | 14 3% - . |
11 9% . |
| Operating expenses ratio | 15.7 | 17.6 | 14.4 | -2.0% | 1.3% |
| Non-operating income and expenses | 96 | 19 | 24 | 405.3% | 300% |
| Net income | 399 | 364 | 407 | 9.6% | -2.0% |
| Net Profit Margin | 22.2 | 19.5 | 23.1 | 2.6% | -1.0% |
| Earning per share (NTD) | 3.10 | 2.80 | 3.18 | 0.3 | -0.08 |
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Operation Overview: Consolidated Balance Sheets
| Unit: | Million NTD | |||||
|---|---|---|---|---|---|---|
| Item | 2022.3.31 | 2021.12.31 | 2021.3.31 | QoQ | YoY | |
| Cash and cash equivalents | 2,870 | 22% | 2,579 | 1,988 | 11.3% | 44.4% |
| Accounts receivable | 2,226 | 17% | 2,212 | 2,430 | 0.6% | -8.4% |
| Inventories | 2,039 | 16% | 1,946 | 1,340 | 4.8% | 52.2% |
| Current assets | 8,767 | 68% | 8,851 | 8,373 | -0.9% | 4.7% |
| Fixed assets | 2,836 | 22% | 2,666 | 2,233 | 6.4% | 27.0% |
| Non-current assets | 4,124 | 32% | 3,819 | 3,016 | 8.0% | 36.7% |
| Total assets | 12,891 | 100% | 12,670 | 11,389 | 1.7% | 13.2% |
| Short-term borrowings | 334 | 3% | 750 | 510 | -55.5% | -34.5% |
| Account payable | 487 | 4% | 606 | 601 | -19.6% | -19.0% |
| Other account payable | 560 | 4% | 684 | 464 | -18.1% | 20.7% |
| Current liabilities | 1,737 | 13% | 2,309 | 1,944 | -24.8% | -10.6% |
| Long-term borrowings | 787 | 6% | 688 | 373 | 14.4% | 111.0% |
| Non-current liabilities | 2,277 | 18% | 2,084 | 1,616 | 9.3% | 40.9% |
| Total liabilities | 4,014 | 31% | 4,393 | 3,560 | -8.6% | 12.8% |
| Total equity | 8,877 | 69% | 8,277 | 7,829 | 7.2% | 13.4% |
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Operation Overview: Analysis of Financial Ratios
| Item 2022.3.31 2021.12.31 2021.3.31 QoQ YoY |
Item 2022.3.31 2021.12.31 2021.3.31 QoQ YoY |
|---|---|
| Debt Ratio 31.13% 34.67% 31.25% -3.54% -0.12% |
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| Current Ratio 504.73% 383.25% 430.72% 121.48% 74.01% |
|
| Turnover ratio (times) 324 323 289 001 035 |
|
| A ccount receivable |
. . . . . |
| Average collection days 112.50 113.00 126.12 - 0.50 - 13.62 |
|
| Inventories | Turnover ratio (times) 2.19 2.65 3.01 - 0.46 -0.81 |
| Average inventory turnover days 166.36 137.56 121.46 28.80 44.90 |
|
| Account payable |
Turnover ratio (times) 8.00 6.81 6.28 1.19 1.72 |
| Average payables turnover days 45.61 53.60 58.11 - 7.99 - 12.50 |
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Dividend Of Recent Years
Cash dividend for 2021 is NT$6.3 per share.
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Cash dividends
Stock dividends
2014Y 2015Y 2016Y 2017Y 2018Y 2019Y 2020Y 2021Y
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Vision
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Contribution to Human Life in
Automotive Telecom Green Energy Medical
& Industrial
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THINKING ELECTRONICS
Q&A
Mission Statement: Contribute to safety and operation efficiency of electronics
T Think K Keen S Service 9
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THANK YOU!
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THINKING Contribute to safety and operation efficiency of electronics
THINKING ELECTRONICS