Tripod — Annual Report 2018

Mar 19, 2019

健鼎科技

2019 年 03 月

全球PCB製造產值區域別

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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	4,863	5,388	6,474	8,050	33,434	12.5%	63,548	8.0%	52.6%

Source : Prismark (Dec. 2018)

2017 全球前15大PCB公司

單位: 百萬美金

Rank		Makers	Nationality		2011	2012	2013	2014	2015		2016	2017		17/16
1 2 3 4 5	Zhen Ding (Foxconn PCB) Nippon Mektron TTM (with Viasystems)** Unimicron (with PPT) Compeq		Taiwan Japan USA Taiwan Taiwan	1505(5) 1874(5) 2166(3) 2504(2) 2703(2) 2240(3) 2632(1) 2556(1) 3154(1) 3591(1) 2563(1) 2430(2) 2380(2) 2376(3) 2525(3) 2370(2) 2377(3) 2133(5) 2144(4) 2113(4) 811(18) 905(14) 1041(12) 1116(12) 1395(6)						2557(2) 3588(1) 3212(1) 3323(2) 2533(3) 2658(3) 2036(4) 2240(4) 1415(5) 1778(5)			40.3% 3.5% 5.0% 10.0% 25.6%
6	Tripod		Taiwan	1395(7) 1325(8) 1372(8) 1400(8) 1368(7)						1351(6) 1510(6)			11.8%
7 8 9 10	Samsung Electro-Mech Sumitomo Electric Fujikura AT&S		Korea Japan Japan Austria	1445(6) 1867(6) 1700(6) 1551(6) 1344(8) 880(14) 1184(9) 1315(9) 1279(9) 1616(5) 738(22) 217(NA) 380(NA) 563(NA) 819(16) 690(21) 698(20) 780(16) 829(15) 844(14)						1140(8) 1284(7) 1099(9) 1134(8) 824(17) 1099(9) 876(13) 1093(10)			12.7% 3.2% 33.4% 24.7%
11 12 13 14 15	Ibiden M-Flex*** Meiko Hannstar Board (with GBM) Daeduck Group		Japan China Japan Taiwan Korea	2126(4) 2094(4) 1567(7) 1455(7) 1297(9) 830(18) 870(15) 710(20) 632(28) 637(25) 740(21) 695(23) 690(23) 828(17) 788(17) 1290(9) 1100(10) 972(13) 958(14) 825(15) 970(12) 1080(11) 1190(10) 1215(10) 923(13)						951(11) 973(11) 495(NA) 967(12) 869(14) 947(13) 828(15) 939(14) 828(16) 883(15)			2.3% 95.3% 9.0% 13.4% 6.6%
	Top15 PCB Makers			20593 21348 20952 22004 22778						21014 24416			16.2%

• FPC Makers Include FPCB Assembly Value

** On a Pro Forma Basis, TTM Acquired Viasystems in 2015

Source : Prismark

*** Dongshan Precision Acquired M-Flex in 2016

健鼎季度合併損益表

單位:新台幣百萬元 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 基本每股盈餘 稅前淨利 其他費損 淨利歸屬於: 營業收入淨額	AMT % 12,596 100.0% 10,212 81.1% 2,384 18.9% 965 7.7% 0 0.0% 1,420 11.3% 34 0.3% 1,453 11.5% 337 2.7% 1,116 8.9% 1,116 8.9% $2.12 615 4.9% 2017 Q4	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	2018 Q4	2018 Q4
	AMT 12,596 10,212 2,384 965 0 1,420 34 1,453 337 1,116	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	%
						100.0% 79.6%
						20.4% 8.2% 0.0%
						12.2% 2.2%
						14.4% 3.3%
						11.2%
	1,116 $2.12	825 $1.57	1,001 $1.90	1,646 $3.13	1,466 $2.79	11.2%
	615	693	722	749	805	6.1%

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 % 21,501 36.4% 19,047 32.2% 0 0.0% 15,992 27.1% 2,529 4.3% 59,068 100.0% 15,236 25.8% 14,154 24.0% 0 0.0% 1,285 2.2% 28,393 48.1% 59,068 100.0% 2014	AMT % 21,501 36.4% 19,047 32.2% 0 0.0% 15,992 27.1% 2,529 4.3% 59,068 100.0% 15,236 25.8% 14,154 24.0% 0 0.0% 1,285 2.2% 28,393 48.1% 59,068 100.0% 2014	AMT % 27,258 43.6% 18,312 29.3% 0 0.0% 14,418 23.1% 2,537 4.1% 62,525 100.0% 17,740 28.4% 13,347 21.3% 0 0.0% 1,670 2.7% 29,768 47.6% 62,525 100.0% 2015	AMT % 27,258 43.6% 18,312 29.3% 0 0.0% 14,418 23.1% 2,537 4.1% 62,525 100.0% 17,740 28.4% 13,347 21.3% 0 0.0% 1,670 2.7% 29,768 47.6% 62,525 100.0% 2015	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	2018	2018
	AMT 21,501 19,047 0 15,992 2,529 59,068 15,236 14,154 0 1,285 28,393 59,068		AMT 27,258 18,312 0 14,418 2,537 62,525 17,740 13,347 0 1,670 29,768 62,525		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 27,151 24,684 0 17,038 2,648 71,521 16,997 19,766 0 2,328 32,429 71,521	%
										38.0% 34.5% 0.0% 23.8% 3.7%
										100.0%
										23.8% 27.6% 0.0% 3.3% 45.3%
										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$) 每股淨值 (NT$)	0.83 2.64 5.2% 10.3% 138% 52% -22% 11.9 54.0		0.71 2.85 4.7% 9.7% 147% 52% -32% 18.1 56.6		0.69 3.38 5.7% 12.0% 155% 53% -45% 25.4 56.3		0.69 3.40 6.5% 14.5% 139% 56% -36% 20.9 58.4		0.74 3.19 7.0% 15.6% 141% 55% -31% 19.3 61.7

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

2013 2,892 3,638 -2,321 4,208 -2,169 0 -47 -2,217 2,213 -1,314 36 935 313 3,239 13,353	2014 3,240 2,816 106 6,162 -2,500 255 -107 -2,353 4,624 -1,183 -9 3,432 907 8,148 21,501	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

健鼎 PCB 廠區地理位置

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江蘇- 無錫I (2003)

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江蘇- 無錫II (2007)

湖北- 仙桃(2013)

台灣- 平鎮(1998)