Tripod — Annual Report 2021

May 19, 2021

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健鼎科技

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2021 年 05 月

全球PCB製造產值區域別

	M USD	America+ Europe	Japan	Korea	Taiwan	China	China Growth	Worldwide TOTAL	Worldwide Growth	China's Share
	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%
	2018	4,833	5,439	6,550	7,842	32,702	10.0%	62,396	6.0%	52.4%
	2019	4,583	5,288	6,439	7,676	32,942	0.7%	61,311	-1.7%	53.7%
	2020E	4,511	5,771	7,031	8,410	35,054	6.4%	65,219	6.4%	53.7%

Source : Prismark (Mar. 2021)

2020年全球前20大PCB公司

單位: 百萬美金

Rank		Makers	HQ		2014	2015	2016	2017	2018		2019	2020		20/19
1 2 3 4 5	Zhen Ding Unimicron Nippon Mektron Dongshan Precision (M-Flex & Multek) TTM*		Taiwan Taiwan Japan China USA	2504(2) 2703(2) 2557(2) 3588(1) 3908(1) 2144(4) 2113(4) 2036(4) 2240(4) 2620(4) 3154(1) 3591(1) 3212(1) 3323(2) 2856(2) 1361(9) 1364(8) 1222(7) 1403(8) 1789(5) 2376(3) 2525(3) 2533(3) 2658(3) 2847(3)						3889(1) 4442(1) 2781(2) 3117(2) 2555(4) 2594(3) 2140(5) 2523(4) 2689(3) 2105(5)			14.2% 12.1% 1.5% 17.9% -21.7%
6	Compeq		Taiwan	1116(13) 1395(6) 1415(5) 1778(5) 1681(7)						1820(6) 2063(6)			13.4%
7	Tripod		Taiwan	1400(8) 1368(7) 1351(6) 1510(7) 1727(6)						1763(7) 1891(7)			7.3%
8 9 10	Shennan PSA Group SEMCO		China Taiwan Korea	528(30) 566(30) 693(23) 842(21) 1145(14) 958(15) 825(16) 828(15) 1304(9) 1480(8) 1551(6) 1344(9) 1140(9) 1284(10) 1346(9)						1522(8) 1684(8) 1396(9) 1557(9) 1383(10) 1504(10)			9.4% 11.5% 8.7%
11 12 13 14 15	Ibiden Young Poong Group (KCC, Interflex*) Kingboard PCB Group Nanya PCB AT&S		Japan Korea China Taiwan Austria	1455(7) 1297(10) 951(12) 973(15) 1083(15) 1675(5) 1295(11) 1201(8) 1777(6) 1217(11) 965(14) 930(13) 980(11) 1051(14) 1245(10) 1154(12) 944(12) 905(13) 876(18) 955(18) 829(16) 844(15) 876(14) 1093(13) 1202(12)						1156(14) 1444(11) 1303(11) 1408(12) 1235(12) 1356(13) 1007(17) 1312(14) 1110(15) 1290(15)			24.9% 8.0% 9.8% 30.3% 16.2%
16 17 18 19 20	Wus Group Shinko Meiko Simmtech Fujikura*		Taiwan Japan Japan Korea Japan	750(21) 737(20) 723(20) 847(20) 1012(17) 663(24) 603(28) 580(29) 740(26) 755(27) 828(17) 788(18) 869(15) 947(16) 1074(16) 632(27) 663(24) 682(23) 832(22) 917(21) 563(29) 819(17) 824(18) 1099(12) 1154(13)						1195(13) 1243(16) 809(23) 1085(17) 1075(16) 1045(18) 857(21) 1029(19) 938(18) 1023(20)			4.0% 34.1% -2.8% 20.0% 8.8%
	Top20 PCB Makers									32623 35715			9.5%

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• FPCB Makers Include FPCB Assembly Value ** TTM sold its Mobility Business to AKM Meadville in 2020

Source : Prismark

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 % 11,718 100.0% 9,861 84.2% 1,857 15.8% 1,008 8.6% 0 0.0% 848 7.2% 364 3.1% 1,213 10.3% 235 2.0% 977 8.3% 977 8.3% $1.86 814 6.9% 2020 Q1	AMT % 13,010 100.0% 10,486 80.6% 2,524 19.4% 1,103 8.5% 0 0.0% 1,421 10.9% 266 2.0% 1,687 13.0% 372 2.9% 1,315 10.1% 1,315 10.1% $2.50 798 6.1% 2020 Q2	AMT % 15,711 100.0% 12,186 77.6% 3,526 22.4% 1,205 7.7% 0 0.0% 2,320 14.8% 237 1.5% 2,557 16.3% 556 3.5% 2,001 12.7% 2,001 12.7% $3.81 825 5.3% 2020 Q3	AMT % 15,109 100.0% 11,865 78.5% 3,244 21.5% 1,259 8.3% 0 0.0% 1,985 13.1% 315 2.1% 2,300 15.2% 468 3.1% 1,832 12.1% 1,832 12.1% $3.49 853 5.6% 2020 Q4	2021 Q1	2021 Q1
	AMT 11,718 9,861 1,857 1,008 0 848 364 1,213 235 977	AMT 13,010 10,486 2,524 1,103 0 1,421 266 1,687 372 1,315	AMT 15,711 12,186 3,526 1,205 0 2,320 237 2,557 556 2,001	AMT 15,109 11,865 3,244 1,259 0 1,985 315 2,300 468 1,832	AMT 15,101 12,276 2,825 1,275 0 1,550 224 1,773 365 1,408	%
						100.0% 81.3%
						18.7% 8.4% 0.0%
						10.3% 1.5%
						11.7% 2.4%
						9.3%
	977 $1.86	1,315 $2.50	2,001 $3.81	1,832 $3.49	1,408 $2.68	9.3%
	814	798	825	853	889	5.9%

健鼎年度合併損益表

營業淨利 其他費損 折舊與攤提 淨利歸屬於: 營業外淨收益 營業毛利 營業費用 營業收入淨額 營業成本 基本每股盈餘 本公司業主 稅前淨利 所得稅費用 本期淨利 單位:新台幣百萬元	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	AMT % 52,106 100.0% 42,341 81.3% 9,764 18.7% 4,343 8.3% 0 0.0% 5,422 10.4% 1,103 2.1% 6,525 12.5% 1,587 3.0% 4,939 9.5% 4,938 9.5% $9.40 2,969 5.7% 2018	AMT % 54,451 100.0% 43,185 79.3% 11,266 20.7% 4,393 8.1% 103 0.2% 6,771 12.4% 1,028 1.9% 7,798 14.3% 1,761 3.2% 6,037 11.1% 6,037 11.1% $11.49 3,301 6.1% 2019	2020	2020
	AMT	AMT	AMT	AMT	AMT	%
	43,513 35,695	45,819 37,464	52,106 42,341	54,451 43,185	55,548 44,397	100.0% 79.9%
	7,818 3,679 450	8,355 3,624 -67	9,764 4,343 0	11,266 4,393 103	11,150 4,576 0	20.1% 8.2% 0.0%
	3,689 788	4,798 745	5,422 1,103	6,771 1,028	6,574 1,182	11.8% 2.1%
	4,477 904	5,543 1,177	6,525 1,587	7,798 1,761	7,757 1,631	14.0% 2.9%
	3,573	4,366	4,939	6,037	6,125	11.0%
	3,573	4,366	4,938	6,037	6,126	11.0%
	$6.80	$8.31	$9.40	$11.49	$11.65
	2,749	2,121	2,969	3,301	3,290	5.9%

健鼎合併資產負債表

單位: 新台幣百萬元 現金及約當現金 其他流動資產 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	AMT % 27,151 38.0% 24,684 34.5% 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% 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 % 27,614 38.6% 25,048 35.0% 15,988 22.3% 2,955 4.1% 71,605 100.0% 14,411 20.1% 20,261 28.3% 0 0.0% 2,784 3.9% 34,149 47.7% 71,605 100.0% 2019	AMT % 27,614 38.6% 25,048 35.0% 15,988 22.3% 2,955 4.1% 71,605 100.0% 14,411 20.1% 20,261 28.3% 0 0.0% 2,784 3.9% 34,149 47.7% 71,605 100.0% 2019	AMT % 25,985 38.8% 22,276 33.3% 15,649 23.4% 3,079 4.6% 66,989 100.0% 10,068 15.0% 19,213 28.7% 0 0.0% 2,782 4.2% 34,927 52.1% 66,989 100.0% 2020 1Q	AMT % 25,985 38.8% 22,276 33.3% 15,649 23.4% 3,079 4.6% 66,989 100.0% 10,068 15.0% 19,213 28.7% 0 0.0% 2,782 4.2% 34,927 52.1% 66,989 100.0% 2020 1Q	AMT % 25,985 38.8% 22,276 33.3% 15,649 23.4% 3,079 4.6% 66,989 100.0% 10,068 15.0% 19,213 28.7% 0 0.0% 2,782 4.2% 34,927 52.1% 66,989 100.0% 2020 1Q	AMT % 26,033 34.6% 26,785 35.6% 19,274 25.6% 3,158 4.2% 75,249 100.0% 13,971 18.6% 22,060 29.3% 0 0.0% 3,158 4.2% 36,060 47.9% 75,249 100.0% 2020	AMT % 26,033 34.6% 26,785 35.6% 19,274 25.6% 3,158 4.2% 75,249 100.0% 13,971 18.6% 22,060 29.3% 0 0.0% 3,158 4.2% 36,060 47.9% 75,249 100.0% 2020	2021 1Q	2021 1Q	2021 1Q
	AMT 27,151 24,684 17,038 2,648 71,521 16,997 19,766 0 2,328 32,429 71,521		AMT 27,614 25,048 15,988 2,955 71,605 14,411 20,261 0 2,784 34,149 71,605		AMT 25,985 22,276 15,649 3,079 66,989 10,068 19,213 0 2,782 34,927 66,989			AMT 26,033 26,785 19,274 3,158 75,249 13,971 22,060 0 3,158 36,060 75,249		AMT % 24,431 30.8% 27,518 34.6% 22,037 27.7% 5,445 6.9% 79,432 100.0% 13,989 17.6% 24,336 30.6% 0 0.0% 3,179 4.0% 37,928 47.7% 79,432 100.0%
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$) 每股淨值 (NT$)	0.74 3.19 7.0% 15.6% 141% 55% -31% 19.3 61.7		0.76 3.30 8.4% 18.1% 152% 52% -39% 25.1 65.0		0.68 2.96 5.6% 11.3% 165% 48% -46% 30.3 66.5			0.76 3.15 8.3% 17.4% 147% 52% -33% 22.9 68.6		0.78 2.92 7.3% 15.2% 136% 52% -28% 19.9 72.2

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 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	2017 5,543 2,121 -3,031 4,633 -5,000 1,241 -3,759 2,632 -2,234 63 461 -1,830 -494 29,753	2018 6,525 2,969 -1,849 7,645 -5,609 125 -5,484 -2,023 -2,759 41 -4,741 -23 -2,603 27,151	2019 7,798 3,301 -646 10,454 -3,423 -24 -3,447 -2,397 -3,101 17 -5,481 -1,062 464 27,614	2020 7,757 3,290 -2,448 8,598 -5,971 -16 -5,987 70 -3,811 110 -3,630 -562 -1,581 26,033	1Q20 1,213 814 1,561 3,587 -771 -62 -833 -4,402 0 -11 -4,412 -61 -1,720 25,895	1Q21
						1,773 889 -110
						2,552
						-2,368 -2,230
						-4,599
						-117 0 -100
						-217
						663 -1,601
						24,431

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)