Tripod — Annual Report 2019

May 22, 2019

健鼎科技

2019 年 05 月

全球PCB製造產值區域別

==> picture [740 x 156] intentionally omitted <==

==> picture [650 x 16] intentionally omitted <==

==> picture [690 x 35] intentionally omitted <==

M USD	America+ Europe	Japan	Korea	Taiwan	China	China Growth	Worldwide TOTAL	Worldwide Growth	China's Share
2009	5,481	8,304	5,011	5,407	14,252	49.2%	41,226	1.4%	34.6%
2010	6,387	10,165	5,888	6,640	20,170	41.5%	52,468	27.3%	38.4%
2011	6,375	9,638	6,487	7,372	22,029	9.2%	55,409	5.6%	39.8%
2012	5,622	9,074	7,473	6,856	22,936	4.1%	55,669	0.5%	41.2%
2013	5,234	6,995	8,123	7,107	24,560	7.1%	56,152	0.9%	43.7%
2014	5,197	6,530	7,645	7,586	26,203	6.7%	57,437	2.3%	45.6%
2015	4,709	5,655	6,652	7,204	26,729	2.0%	55,325	-3.7%	48.3%
2016	4,662	5,253	6,232	6,922	27,123	1.5%	54,207	-2.0%	50.0%
2017	4,705	5,256	6,860	7,536	29,732	9.6%	58,843	8.6%	50.5%
2018E	4,833	5,439	6,550	7,842	32,702	10.0%	62,396	6.0%	52.4%

Source : Prismark (Mar. 2019)

2018 全球前20大PCB公司

單位: 百萬美金

Rank		Makers	HQ		2012	2013	2014	2015	2016		2017	2018		18/17
1 2 3 4	Zhen Ding (Foxconn PCB) Nippon Mektron TTM (with Viasystems) Unimicron (with Subtron Uniflex)		Taiwan Japan USA Taiwan	1874(5) 2166(3) 2504(2) 2703(2) 2557(2) 2632(1) 2556(1) 3154(1) 3591(1) 3212(1) 2430(2) 2380(2) 2376(3) 2525(3) 2533(3) 2377(3) 2133(5) 2144(4) 2113(4) 2036(4)						3588(1) 3908(1) 3323(2) 2856(2) 2658(3) 2847(3) 2332(4) 2700(4)			8.9% -14.1% 7.1% 15.8%
5	Tripod		Taiwan	1325(8) 1372(8) 1400(8) 1368(7) 1351(6)						1510(7) 1727(5)			14.4%
6 7 8 9 10	Compeq Samsung Electro-Mech M-Flex* KB PCB Group (with Elec&Eltek..) YoungPoong (with KCC,Interflex)		Taiwan Korea China HongKong Korea	905(14) 1041(12) 1116(12) 1395(6) 1415(5) 1867(6) 1700(6) 1551(6) 1344(8) 1140(8) 870(15) 710(20) 632(28) 637(25) 495(NA) 935(13) 922(14) 965(13) 930(12) 980(10) 1555(7) 2065(4) 1675(5) 1295(10) 1201(7)						1778(5) 1681(6) 1284(8) 1346(7) 967(15) 1308(8) 1051(13) 1245(9) 1777(6) 1217(10)			-5.4% 4.8% 35.3% 18.4% -31.5%
11 12 13 14 15	AT&S PSA Group (Hannstar. GBM. Elna) Fujikura* Shennan Ibiden		Austria Taiwan Japan China Japan	698(20) 780(16) 829(15) 844(14) 876(13) 1100(10) 972(13) 958(14) 825(15) 828(15) 217(NA) 380(NA) 563(29) 819(16) 824(17) 369(NA) 425(NA) 528(30) 566(30) 693(22) 2094(4) 1567(7) 1455(7) 1297(9) 951(11)						1093(12) 1202(11) 1094(11) 1186(12) 1099(10) 1155(13) 843(21) 1145(14) 973(14) 1083(15)			10.0% 8.5% 5.1% 35.9% 11.3%
16 17 18 19 20	Meiko Wus Group Nanya PCB Sumitomo Electric* Daeduck Group		Japan China Taiwan Japan Korea	695(23) 690(23) 828(16) 788(17) 869(14) 645(25) 680(24) 750(20) 737(19) 723(19) 975(12) 1088(11) 1154(11) 944(11) 905(12) 1184(9) 1315(9) 1279(9) 1616(5) 1099(9) 1080(11) 1190(10) 1215(10) 923(13) 828(16)						947(16) 1074(16) 847(20) 999(17) 876(18) 955(18) 1134(9) 945(19) 882(17) 927(20)			13.4% 18.0% 9.0% -16.6% 5.1%
	Top20 PCB Makers									30056 31506			4.8%

• FPC Makers Include FPCB Assembly Value

• ** Dongshan Precision Acquired M-Flex in 2016

Source : Prismark

健鼎季度合併損益表

營業收入淨額 基本每股盈餘 稅前淨利 其他費損 淨利歸屬於: 本期淨利 營業成本 營業毛利 營業費用 營業淨利 營業外淨收益 所得稅費用 折舊攤提 本公司業主 單位:新台幣百萬元	AMT % 11,528 100.0% 9,635 83.6% 1,893 16.4% 1,047 9.1% 0 0.0% 846 7.3% 222 1.9% 1,068 9.3% 243 2.1% 825 7.2% 825 7.2% $1.57 693 6.0% 2018 Q1	AMT % 12,742 100.0% 10,577 83.0% 2,165 17.0% 1,003 7.9% 0 0.0% 1,162 9.1% 275 2.2% 1,437 11.3% 436 3.4% 1,001 7.9% 1,001 7.9% $1.90 722 5.7% 2018 Q2	AMT % 14,723 100.0% 11,698 79.5% 3,025 20.5% 1,213 8.2% 0 0.0% 1,812 12.3% 314 2.1% 2,126 14.4% 480 3.3% 1,646 11.2% 1,646 11.2% $3.13 749 5.1% 2018 Q3	AMT % 13,112 100.0% 10,431 79.6% 2,681 20.4% 1,079 8.2% 0 0.0% 1,602 12.2% 292 2.2% 1,894 14.4% 428 3.3% 1,466 11.2% 1,466 11.2% $2.79 805 6.1% 2018 Q4	2019 Q1	2019 Q1
	AMT 11,528 9,635 1,893 1,047 0 846 222 1,068 243 825	AMT 12,742 10,577 2,165 1,003 0 1,162 275 1,437 436 1,001	AMT 14,723 11,698 3,025 1,213 0 1,812 314 2,126 480 1,646	AMT 13,112 10,431 2,681 1,079 0 1,602 292 1,894 428 1,466	AMT 12,060 9,894 2,166 1,011 0 1,155 205 1,360 282 1,078	%
						100.0% 82.0%
						18.0% 8.4% 0.0%
						9.6% 1.7%
						11.3% 2.3%
						8.9%
	825 $1.57	1,001 $1.90	1,646 $3.13	1,466 $2.79	1,078 $2.05	8.9%
	693	722	749	805	852	7.1%

健鼎年度合併損益表

單位:新台幣百萬元 基本每股盈餘 營業收入淨額 營業成本 營業外淨收益 本公司業主 營業毛利 營業費用 稅前淨利 所得稅費用 本期淨利 其他費損 折舊與攤提 淨利歸屬於: 營業淨利	AMT % 42,433 100.0% 35,771 84.3% 6,662 15.7% 3,960 9.3% 129 0.3% 2,573 6.1% 667 1.6% 3,240 7.6% 584 1.4% 2,656 6.3% 2,637 6.2% $5.02 2,816 6.6% 2014	AMT % 43,383 100.0% 36,589 84.3% 6,793 15.7% 3,933 9.1% 0 0.0% 2,860 6.6% 671 1.5% 3,531 8.1% 698 1.6% 2,833 6.5% 2,833 6.5% $5.39 3,080 7.1% 2015	AMT % 43,513 100.0% 35,695 82.0% 7,818 18.0% 3,679 8.5% 450 1.0% 3,689 8.5% 788 1.8% 4,477 10.3% 904 2.1% 3,573 8.2% 3,573 8.2% $6.80 2,749 6.3% 2016	AMT % 45,819 100.0% 37,464 81.8% 8,355 18.2% 3,624 7.9% -67 -0.1% 4,798 10.5% 745 1.6% 5,543 12.1% 1,177 2.6% 4,366 9.5% 4,366 9.5% $8.31 2,121 4.6% 2017	2018	2018
	AMT 42,433 35,771 6,662 3,960 129 2,573 667 3,240 584 2,656	AMT 43,383 36,589 6,793 3,933 0 2,860 671 3,531 698 2,833	AMT 43,513 35,695 7,818 3,679 450 3,689 788 4,477 904 3,573	AMT 45,819 37,464 8,355 3,624 -67 4,798 745 5,543 1,177 4,366	AMT 52,106 42,341 9,764 4,343 0 5,422 1,103 6,525 1,587 4,939	%
						100.0% 81.3%
						18.7% 8.3% 0.0%
						10.4% 2.1%
						12.5% 3.0%
						9.5%
	2,637 $5.02	2,833 $5.39	3,573 $6.80	4,366 $8.31	4,938 $9.40	9.5%
	2,816	3,080	2,749	2,121	2,969	5.7%

健鼎合併資產負債表

現金及約當現金 其他流動資產 基金及投資 固定資產 無形及其他資產 資產總計 短期借款 其他流動負債 長期借款 其他負債 股東權益 負債及股東權益總計 單位: 新台幣百萬元	AMT % 30,247 47.8% 18,950 29.9% 0 0.0% 11,321 17.9% 2,782 4.4% 63,301 100.0% 16,913 26.7% 14,871 23.5% 0 0.0% 1,951 3.1% 29,566 46.7% 63,301 100.0% 2016	AMT % 30,247 47.8% 18,950 29.9% 0 0.0% 11,321 17.9% 2,782 4.4% 63,301 100.0% 16,913 26.7% 14,871 23.5% 0 0.0% 1,951 3.1% 29,566 46.7% 63,301 100.0% 2016	AMT % 29,753 42.4% 22,427 31.9% 0 0.0% 15,670 22.3% 2,344 3.3% 70,194 100.0% 18,749 26.7% 18,689 26.6% 0 0.0% 2,051 2.9% 30,705 43.7% 70,194 100.0% 2017	AMT % 29,753 42.4% 22,427 31.9% 0 0.0% 15,670 22.3% 2,344 3.3% 70,194 100.0% 18,749 26.7% 18,689 26.6% 0 0.0% 2,051 2.9% 30,705 43.7% 70,194 100.0% 2017	AMT % 27,100 40.5% 21,396 32.0% 0 0.0% 16,116 24.1% 2,306 3.4% 66,917 100.0% 15,299 22.9% 17,724 26.5% 0 0.0% 2,094 3.1% 31,799 47.5% 66,917 100.0% 2018 1Q	AMT % 27,100 40.5% 21,396 32.0% 0 0.0% 16,116 24.1% 2,306 3.4% 66,917 100.0% 15,299 22.9% 17,724 26.5% 0 0.0% 2,094 3.1% 31,799 47.5% 66,917 100.0% 2018 1Q	AMT % 27,151 38.0% 24,684 34.5% 0 0.0% 17,038 23.8% 2,648 3.7% 71,521 100.0% 16,997 23.8% 19,766 27.6% 0 0.0% 2,328 3.3% 32,429 45.3% 71,521 100.0% 2018	AMT % 27,151 38.0% 24,684 34.5% 0 0.0% 17,038 23.8% 2,648 3.7% 71,521 100.0% 16,997 23.8% 19,766 27.6% 0 0.0% 2,328 3.3% 32,429 45.3% 71,521 100.0% 2018	2019 1Q	2019 1Q
	AMT 30,247 18,950 0 11,321 2,782 63,301 16,913 14,871 0 1,951 29,566 63,301		AMT 29,753 22,427 0 15,670 2,344 70,194 18,749 18,689 0 2,051 30,705 70,194		AMT 27,100 21,396 0 16,116 2,306 66,917 15,299 17,724 0 2,094 31,799 66,917		AMT 27,151 24,684 0 17,038 2,648 71,521 16,997 19,766 0 2,328 32,429 71,521		AMT 24,409 22,692 0 17,100 2,544 66,744 11,573 18,536 0 2,382 34,252 66,744	%
										36.6% 34.0% 0.0% 25.6% 3.8%
										100.0%
										17.3% 27.8% 0.0% 3.6% 51.3%
										100.0%
總資產週轉率 (x) 固定資產週轉率 (x) 資產報酬率 (%) 股東權益報酬率 (%) 流動比率 (%) 負債佔資產比率 (%) 淨負債比率 (%) 每股淨現金 (NT$) 每股淨值 (NT$)	0.77 3.20 6.4% 12.8% 155% 53% -45% 25.4 56.3		0.69 3.40 6.5% 14.5% 139% 56% -36% 20.9 58.4		0.67 2.90 4.8% 10.6% 147% 52% -37% 22.5 60.5		0.75 3.14 7.1% 15.4% 141% 55% -31% 19.3 61.7		0.70 2.83 6.2% 12.9% 156% 49% -37% 24.4 65.2

健鼎合併現金流量表

單位: 新台幣百萬元 稅前淨利 折舊費用及各項攤提 其他營業活動 營業活動之淨現金流入 購置固定資產資本支出 長期股權投資減少(增加) 其他投資活動 投資活動之淨現金流入 長短期借款增加(減少) 現金股利 其他融資活動 融資活動之淨現金流入 匯率影響數 淨現金部位之增加(減少) 期末現金及約當現金餘額

2015 3,531 3,080 496 7,106 -2,299 0 71 -2,228 2,048 -1,445 -21 582 298 5,757 27,258	2016 4,477 2,749 1,143 8,369 -1,056 -136 -320 -1,512 -604 -1,708 102 -2,209 -1,658 2,989 30,247	2017 5,543 2,121 -3,031 4,633 -5,000 0 1,241 -3,759 2,632 -2,234 63 461 -1,830 -494 29,753	2018 6,525 2,969 -1,849 7,645 -5,609 0 125 -5,484 -2,023 -2,759 41 -4,741 -23 -2,603 27,151	1Q18 1,068 693 279 2,040 -1,536 0 7 -1,529 -3,246 0 17 -3,229 64 -2,653 27,100	1Q19
					1,360 852 1,053
					3,265
					-824 0 10
					-814
					-5,526 0 42
					-5,484
					292 -2,742
					24,409

健鼎 PCB 廠區地理位置

==> picture [491 x 288] intentionally omitted <==

==> picture [205 x 153] intentionally omitted <==

==> picture [288 x 150] intentionally omitted <==

==> picture [296 x 196] intentionally omitted <==

江蘇- 無錫I (2003)

==> picture [291 x 188] intentionally omitted <==

江蘇- 無錫II (2007)

湖北- 仙桃(2013)

台灣- 平鎮(1998)