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TPK — Interim / Quarterly Report 2021
May 6, 2021
52363_rns_2021-05-06_45ab1d34-9860-43e2-9417-dcb079ae92ce.pdf
Interim / Quarterly Report
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TPK Proprietary & Copyright © All Rights Reserved
Disclaimer Statement
This presentation and release may contain ‘forward-looking statements’ which may include projections on future results of operations, financial condition and business prospects based on our own information and other sources.
The actual results of operations, financial condition and business prospects may differ from those explicitly or implicitly indicated in those forward-looking statements for a variety of reasons, including but not limited to market demand, price fluctuations, competition, supply chain issues, global economic conditions, exchange rate fluctuation and other risks and factors beyond TPK’s controls.
The forward-looking statements in this presentation, if any, only reflect the current view of TPK Holding Co., Ltd. as of the date of its release. TPK undertakes no obligation to update those forward-looking statements for events or circumstances that occur subsequently.
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TPK Proprietary & Copyright © All Rights Reserved
Disclosure Notice
公告原則
All financial numbers are prepared in accordance with IFRS which is approved by regulators in Taiwan
- All financial numbers are unaudited
本公司財務報表係依照臺灣主管機關認可之國際財務報導準 則編製
- 所有財務數字均為本公司自結數
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TPK Proprietary & Copyright © All Rights Reserved
1Q21 Result Summary 2021年第一季營運簡報
| NT$ | Revenues | Net Profits | EPS |
|---|---|---|---|
| 1Q21 | 29.2 bn | 350 mn | 0.86 |
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Robust smartphone and tablet demand drive Q1 revenue to grow 14.5% QoQ
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Notebook PC shipment declines due to seasonality
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OPEX to revenues ratio down to 2.6%, lowest in the last 10 years
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1Q21 net profit was NT$350 million, up 45.2% QoQ, increased by 7.8 times YoY
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1Q21 EBIDA amounted to NT$1.9 billion with net cash of NT$6.4 billion
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TPK Proprietary & Copyright © All Rights Reserved
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Financials
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TPK Proprietary & Copyright © All Rights Reserved
1Q21 Profit & Loss
2021年第一季損益表
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| Profit & Loss | QoQ1Q20YoY1Q214Q20 |
|---|---|
| (NT$ million)RevenuesCOGSGross ProfitsOperating ExpensesSG&AR&DOperating ProfitsNon-Op Inc/(Exp)Int Inc/(Exp)FX Gain/(Loss)OthersEarnings Before TaxIncome TaxNet Income (Parent)EPS (Parent)EBITDA | 14.5%28,1923.5%(27,180)(28.3%)1,011(17.6%)(902)(705)(197)(61.8%)109(38.0%)179(34)37176288(248)400.102,140(28,352)(24,326)29,18625,4908341,164(766)(987)(601)(798)(165)(188)68177305222(1)2315537151161373399(34)(153)3502410.860.591,8681,957 |
| Margin:GMOMNMOpExp | 3.6%0.4%0.1%(3.2%)2.9%4.6%0.2%0.7%1.2%0.9%(2.6%)(3.9%) |
Note: 1Q21Fully Diluted Weighted Average: 407 million shares
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Quarterly Sales by Form Factors 季營收結構
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1Q21 Balance Sheet 2021年第一季資產負債表
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| 一季資產負債表 | 一季資產負債表 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Balance Sheet(NT$ million)Cash EquivalentsRisk-Free Banking FinaReceivablesOther ReceivablesInventoriesCurrent AssetsPP&ETotal AssetsST LoansPayablesCurrent LiabilitiesLT Loans | |||||||||
| Balance Sheet | 2021/3/31 | 2020/3/31 | |||||||
| 2 | 0 | 0/12/31 | |||||||
| (NT$ million)Cash EquivalentsRisk-Free Banking FinaReceivablesOther ReceivablesInventoriesCurrent AssetsPP&ETotal AssetsST LoansPayablesCurrent LiabilitiesLT Loans | nci | al Product | 32,1283,75210,8476,3169,10165,39521,70894,31821,20314,49842,9428,297 | 22,6032,83512,7642,2258,42554,11322,88583,6216,75114,44329,03511,567 | |||||
| Total LiabilitiesCommon SharesRetained EarningsTotal Shareholder's Equities | |||||||||
| Ratio Analysis:Quick RatioCurrent RatioROE (YTD Annualized) | 1.311.571.251.521.861.423.84%2.8%0.4%Net CashNet Cash0.28 | ||||||||
| Net Debt to EquityNote: PP&E includes prep | Net Debt to Equity | .Net Cash | .h | ||||||
| Net Cas | |||||||||
| ayments. |
Note: PP&E includes prepayments.
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April 2021 Sales 2021年4月營收
Unit: Million
| MoM | April-21 | March-21 | Change |
|---|---|---|---|
| NTD | 9,177 | 9,573 | -4.1% |
| USD | 322 | 338 | -5.0% |
| YoY | April-21 | April-20 | Change |
| NTD | 9,177 | 11,017 | -16.7% |
| USD | 322 | 364 | -11.8% |
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新聞稿
TPK 公告 2021 年第一季自結營運成果
中華民國，台灣，台北，2021 年 5 月 6 日 – TPK Holding Co., Ltd. 宸鴻科技（TWSE: 3673）（“宸鴻” 或 “本公司”）今日公告 2021 年第一季自結營運成果。本季自結合併營 收為新台幣 291.9 億元，歸屬於母公司之稅後淨利約為新台幣 3.5 億元，稅後稀釋每股 淨利為新台幣 0.86 元。
營運成果分析
本公司第一季自結合併營收為新台幣 291.9 億元，與前季相比成長 14.5%，較去年同期 成長 3.5%，主要係智慧型手機及平板電腦需求暢旺所致。本季小尺寸產品（＜7 吋）佔 整體營收約 27.0%，且營收較前季成長達 110.3%；平板電腦（7-11 吋）產品佔總營收 比重約 29.8%，且較上季營收成長 29.8%；然而，受季節性調整因素影響，筆記型電腦 （11-16 吋）產品營收較前季減少 16.0%。雖第一季營運規模持續成長，但由於產品組 合調整，使毛利率由上季 4.6%降為 2.9%。本季營業毛利為新台幣 8.3 億元。
在銷貨成本方面，本季原料成本為新台幣 247.9 億元，佔營收比重約 84.9%，較上季 81.2%增加，主要係因原料成本佔比較高之智慧型手機產品比重增加所致；另第一季折 舊攤銷費用持續下降，僅約新台幣 12.2 億元，為 2013 年第三季以來新低。由於公司力 行費用控管政策見效，本季營業費用持續減少至新台幣 7.7 億元，約佔營收 2.6%，為 近 10 年來新低。第一季營業利益約為新台幣 6,800 萬元，營業利益率為 0.2%。
受惠於有效現金管理，本公司第一季淨利息費用僅約新台幣 80 萬元。此外，公司進行 匯率避險與套利使本季外匯淨收益達新台幣 1.6 億元，且第一季處分部份 Canoo 投資， 處分總金額約新台幣 7.9 億元，營業外收入約新台幣 4,900 萬元。本季歸屬於母公司之 稅後淨利達新台幣 3.5 億元，較去年同期成長 7.8 倍，每股稅後淨利為新台幣 0.86 元。
資本結構及資本支出
截至 2021 年 3 月 31 日止，帳上現金及按攤銷後成本衡量之金融資產合計為新台幣
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358.8 億元，較上季底新台幣 254.4 億元增加，且銀行總借款亦由 2020 年第四季底新 台幣 183.2 億元增加為新台幣 295.0 億元，主要係承作無風險理財產品。本季資本支出 約新台幣 2.8 億元。2021 年第一季 EBITDA 約為新台幣 18.7 億元，截至 2021 年 3 月 底，本公司呈現淨現金部位。
註：本公司之財務數字係依照臺灣主管機關認可之國際財務報導準則編製。
投資人關係聯絡人：
劉詩亮，策略長 蔡佩卿，財務長 王凱論，財務處資深處長
Tel: +886.2.7727.1196 [email protected] ************************************************************************************************
關於 TPK 宸鴻科技
TPK 為專業的觸控技術應用領導廠商，透過垂直整合的生產製程提供客戶全方位的觸控技術應用解決方 案，包括產品設計、研發到量產。公司持續專注於觸控技術的研發與創新，以維持技術的領先地位，並透 過新材質的開發、技術的提昇及製程的改善達到降低成本的效益，以期擴大觸控技術在各種電子產品的 應用並滿足客戶需求。本公司之主要生產基地位於中國廈門。
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1Q21 PROFIT & LOSS
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----- Start of picture text ----- Profit & Loss 1Q21 4Q20 QoQ 1Q20 YoY (NT$ million) Revenues 29,186 25,490 14.5% 28,192 3.5% COGS (28,352) (24,326) (27,180) Gross Profits 834 1,164 (28.3%) 1,011 (17.6%) Operating Expenses (766) (987) (902) SG&A (601) (798) (705) R&D (165) (188) (197) Operating Profits 68 177 (61.8%) 109 (38.0%) Non-Op Inc/(Exp) 305 222 179 Int Inc/(Exp) (1) 23 (34) FX Gain/(Loss) 155 37 37 Others 151 161 176 Earnings Before Tax 373 399 288 Income Tax (34) (153) (248) Net Income (Parent) 350 241 40 EPS (Parent) 0.86 0.59 0.10 EBITDA 1,868 1,957 2,140 Margin: GM 2.9% 4.6% 3.6% OM 0.2% 0.7% 0.4% NM 1.2% 0.9% 0.1% Op Exp (2.6%) (3.9%) (3.2%)----- End of picture text -----
Note: 1Q21Fully Diluted Weighted Average: 407 million shares
1Q21 BALANCE SHEET
| 1Q21 BALANCE SHEET | |
|---|---|
| Balance Sheet | 2021/3/312020/12/312020/3/31 |
| (NT$ million)Cash EquivalentsRisk-Free Banking Financial ProductReceivablesOther ReceivablesInventoriesCurrent AssetsPP&ETotal AssetsST LoansPayablesCurrent LiabilitiesLT LoansTotal LiabilitiesCommon SharesRetained EarningsTotal Shareholder's Equities | 32,12822,60321,4623,7522,83514,36210,84712,7649,5826,3162,2258,1779,1018,4257,39365,39554,11361,66221,70822,88526,76594,31883,62194,19621,2036,75122,42614,49814,44315,11042,94229,03543,5068,29711,5679,41958,16146,81657,7384,0674,0674,0674,2033,5912,59936,15636,80536,459 |
| Ratio Analysis:Quick RatioCurrent RatioROE (YTD Annualized)Net Debt to Equity | 1.311.571.251.521.861.423.84%2.8%0.4%Net CashNet Cash0.28 |
Note: PP&E includes prepayments.
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