Tripod — Interim / Quarterly Report 2016

Dec 5, 2016

健鼎科技

2016年12月

全球PCB製造產值區域別

Share(%)

60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0%

==> picture [618 x 210] intentionally omitted <==

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016E

Americas Europe Japan Asia(ex JP & CN) China (Area)

M USD	Americas	Europe	Japan	Asia (ex JP&CN)	China	China Growth	Worldwide TOTAL	Worldwide Growth	China's Share
2006	5,054	3,612	10,511	14,229	11,737	22.9%	45,144	11.1%	26.0%
2007	4,577	3,598	10,716	15,231	13,563	15.6%	47,684	5.6%	28.4%
2008	4,484	3,208	10,095	15,518	15,037	10.9%	48,342	1.4%	31.1%
2009	3,446	2,035	8,304	13,189	14,252	-5.2%	41,226	-14.7%	34.6%
2010	3,923	2,464	10,165	15,746	20,170	41.5%	52,468	27.3%	38.4%
2011	3,825	2,550	9,638	17,367	22,029	9.2%	55,409	5.6%	39.8%
2012	3,284	2,338	9,074	18,037	22,936	4.1%	55,669	0.5%	41.2%
2013	3,044	2,190	6,995	19,363	24,560	7.1%	56,152	0.9%	43.7%
2014	2,977	2,220	6,530	19,507	26,203	6.7%	57,437	2.3%	45.6%
2015	2,776	1,933	5,655	18,233	26,729	2.0%	55,325	-3.7%	48.3%
2016E	2,790	1,897	5,066	17,198	26,041	-2.6%	52,992	-4.2%	49.1%

* Source : Prismark (Aug. 2016)

2015 全球前15大PCB公司

單位: 百萬美金

Rank	Makers	Nationality	2010	2011	2012	2013		2014	2015	Growth
1 Nippon Mektron 2 Zhen Ding (Foxconn PCB) 3 TTM (with Viasystems) 4 Unimicron (with PPT) 5* Sumitomo Electric		Japan 2115(3) 2240(3) 2632(1) 2556(1) Taiwan 1100(10) 1505(5) 1874(5) 2166(3) USA 2428(1) 2563(1) 2430(2) 2380(2) Taiwan 2185(2) 2370(2) 2377(3) 2133(5) Japan 660(20) 880(14) 1184(9) 1315(9)					2997(1) 3512(1) 2504(2) 2703(2) 2376(3) 2488(3) 2149(4) 2122(4) 1279(9) 1616(5)			17.2% 7.9% 4.7% -1.3% 26.3%
6 Compeq		Taiwan 695(19) 811(18) 905(14) 1041(12)					1116(11) 1395(6)			25.0%
7 Tripod		Taiwan 1370(5) 1395(7) 1325(8) 1372(8)					1400(8) 1368(7)			-2.3%
8 Samsung Electro-Mech 9 Ibiden 10 YoungPoong (with KCC,Interflex*)		S. Korea 1250(6) 1445(6) 1867(6) 1700(6) Japan 2075(4) 2126(4) 2094(4) 1567(7) S. Korea 980(11) 1255(10) 1555(7) 2065(4)					1551(6) 1344(8) 1455(7) 1297(9) 1675(5) 1295(10)			-13.3% -10.9% -22.7%
11 Nanya PCB 12 Daeduck Group 13 KB PCB Group (Elec&Eltek..) 14 AT&S 15 Hannstar Board(with GBM)		Taiwan 1140(8) 1290(9) 975(12) 1088(11) S. Korea 765(18) 970(12) 1080(11) 1190(10) HongKong 1115(9) 1040(11) 935(13) 922(14) Austria 625(21) 690(21) 698(20) 780(16) Taiwan 1150 (7) 1290(9) 1100(10) 972(13)					1154(10) 945(11) 1076(12) 930(12) 965(13) 930(13) 829(15) 844(14) 958(14) 825(15)			-18.1% -13.6% -3.6% 1.8% -13.9%
Top15 PCB Makers		19653 21870 23031 23247					23484 23614			0.1%

• FPC Makers Include FPCBA Value

Source : Prismark ( Feb. 2016 )

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

健鼎季度合併損益表 (IFRS)

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 % 11,944 100.0% 9,920 83.1% 2,024 16.9% 1,023 8.6% 0 0.0% 1,001 8.4% 181 1.5% 1,182 9.9% 233 1.9% 949 7.9% 949 7.9% $1.81 791 6.6% 2015 Q3	AMT % 11,212 100.0% 9,362 83.5% 1,850 16.5% 961 8.6% 0 0.0% 890 7.9% 96 0.9% 986 8.8% 161 1.4% 824 7.4% 824 7.4% $1.57 773 6.9% 2015 Q4	AMT % 9,945 100.0% 8,438 84.8% 1,507 15.2% 888 8.9% 0 0.0% 619 6.2% 165 1.7% 784 7.9% 114 1.1% 670 6.7% 670 6.7% $1.28 757 7.6% 2016 Q1	AMT % 10,663 100.0% 8,954 84.0% 1,709 16.0% 901 8.4% 0 0.0% 808 7.6% 164 1.5% 972 9.1% 278 2.6% 694 6.5% 694 6.5% $1.32 727 6.8% 2016 Q2	2016 Q3	2016 Q3
	AMT 11,944 9,920 2,024 1,023 0 1,001 181 1,182 233 949	AMT 11,212 9,362 1,850 961 0 890 96 986 161 824	AMT 9,945 8,438 1,507 888 0 619 165 784 114 670	AMT 10,663 8,954 1,709 901 0 808 164 972 278 694	AMT 11,619 9,302 2,317 879 450 989 202 1,191 214 976	%
						100.0% 80.1%
						19.9% 7.6% 3.9%
						8.5% 1.7%
						10.2% 1.8%
						8.4%
	949 $1.81	824 $1.57	670 $1.28	694 $1.32	976 $1.86	8.4%
	791	773	757	727	675	5.8%

健鼎年度合併損益表

折舊與攤提 淨利歸屬於: 營業淨利 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 營業收入淨額 營業成本 基本每股盈餘 單位:新台幣百萬元	AMT % 40,772 100.0% 34,869 85.5% 5,903 14.5% 3,025 7.4% 331 0.8% 2,546 6.2% 345 0.8% 2,892 7.1% 525 1.3% 2,367 5.8% 2,375 5.8% $4.52 3,638 8.9% 2013 (IFRS)	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 (IFRS)	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 (IFRS)	AMT % 32,170 100.0% 27,228 84.6% 4,943 15.4% 2,973 9.2% 0 0.0% 1,970 6.1% 575 1.8% 2,545 7.9% 537 1.7% 2,008 6.2% 2,008 6.2% $3.82 2,307 7.2% 2015 1-3Q (IFRS)	2016 1-3Q (IFRS)	2016 1-3Q (IFRS)
	AMT 40,772 34,869 5,903 3,025 331 2,546 345 2,892 525 2,367	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 32,170 27,228 4,943 2,973 0 1,970 575 2,545 537 2,008	AMT 32,227 26,694 5,533 2,668 450 2,416 531 2,947 606 2,341	%
						100.0% 82.8%
						17.2% 8.3% 1.4%
						7.5% 1.6%
						9.1% 1.9%
						7.3%
	2,375 $4.52	2,637 $5.02	2,833 $5.39	2,008 $3.82	2,341 $4.45	7.3%
	3,638	2,816	3,080	2,307	2,159	6.7%

健鼎合併資產負債表

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 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 % 13,353 27.2% 17,765 36.1% 15,898 32.3% 2,140 4.4% 49,155 100.0% 9,980 20.3% 12,107 24.6% 891 1.8% 26,177 53.3% 49,155 100.0% 2013(IFRS)	AMT % 13,353 27.2% 17,765 36.1% 15,898 32.3% 2,140 4.4% 49,155 100.0% 9,980 20.3% 12,107 24.6% 891 1.8% 26,177 53.3% 49,155 100.0% 2013(IFRS)	AMT % 21,501 36.4% 19,047 32.2% 15,992 27.1% 2,529 4.3% 59,068 100.0% 15,236 25.8% 14,154 24.0% 1,285 2.2% 28,393 48.1% 59,068 100.0% 2014(IFRS)	AMT % 21,501 36.4% 19,047 32.2% 15,992 27.1% 2,529 4.3% 59,068 100.0% 15,236 25.8% 14,154 24.0% 1,285 2.2% 28,393 48.1% 59,068 100.0% 2014(IFRS)	AMT % 23,795 38.8% 19,716 32.1% 15,251 24.9% 2,563 4.2% 61,325 100.0% 16,389 26.7% 13,834 22.6% 1,620 2.6% 29,482 48.1% 61,325 100.0% 2015 1-3Q(IFRS)	AMT % 23,795 38.8% 19,716 32.1% 15,251 24.9% 2,563 4.2% 61,325 100.0% 16,389 26.7% 13,834 22.6% 1,620 2.6% 29,482 48.1% 61,325 100.0% 2015 1-3Q(IFRS)	AMT % 23,795 38.8% 19,716 32.1% 15,251 24.9% 2,563 4.2% 61,325 100.0% 16,389 26.7% 13,834 22.6% 1,620 2.6% 29,482 48.1% 61,325 100.0% 2015 1-3Q(IFRS)	AMT % 27,258 43.6% 18,312 29.3% 14,418 23.1% 2,537 4.1% 62,525 100.0% 17,740 28.4% 13,347 21.3% 1,670 2.7% 29,768 47.6% 62,525 100.0% 2015(IFRS)	AMT % 27,258 43.6% 18,312 29.3% 14,418 23.1% 2,537 4.1% 62,525 100.0% 17,740 28.4% 13,347 21.3% 1,670 2.7% 29,768 47.6% 62,525 100.0% 2015(IFRS)	2016 1-3Q(IFRS)	2016 1-3Q(IFRS)
	AMT 13,353 17,765 15,898 2,140 49,155 9,980 12,107 891 26,177 49,155		AMT 21,501 19,047 15,992 2,529 59,068 15,236 14,154 1,285 28,393 59,068		AMT 23,795 19,716 15,251 2,563 61,325 16,389 13,834 1,620 29,482 61,325			AMT 27,258 18,312 14,418 2,537 62,525 17,740 13,347 1,670 29,768 62,525		AMT 29,063 17,647 11,693 2,704 61,106 17,665 13,407 1,636 28,398 61,106	%
											47.6% 28.9% 19.1% 4.4%
											100.0%
											28.9% 21.9% 2.7% 46.5%
											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 (%) Gearing Ratio (%) 每股淨值 (NT$)	0.86 2.47 5.0% 9.4% 141% 47% -13% 49.8		0.78 2.66 4.9% 9.7% 138% 52% -22% 54.0		0.71 2.75 4.4% 9.3% 144% 52% -25% 56.1			0.71 2.85 4.7% 9.7% 147% 52% -32% 56.6		0.70 3.29 5.0% 10.7% 150% 54% -40% 54.0

• 自2013 開始導入IFRS

健鼎合併現金流量表

單位: 新台幣百萬元 本期淨利* 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

2012 (IFRS*) 3,717 3,728 -3,157 4,288 -5,755 -28 -75 -5,858 2,662 -1,892 -15 754 -258 -1,074 10,114	2013 (IFRS*) 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 (IFRS*) 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 (IFRS*) 3,531 3,080 496 7,106 -2,299 0 71 -2,228 2,048 -1,445 -21 582 298 5,757 27,258	2015 1-3Q (IFRS*) 2,545 2,307 -509 4,342 -1,839 0 -42 -1,881 736 -1,445 -16 -725 558 2,294 23,795	2016 1-3Q (IFRS*)
					2,947 2,159 503
					5,609
					-744 -136 220
					-660
					442 -1,708 16
					-1,250
					-1,895 1,805
					29,063

• 自2013 開始導入IFRS,本期淨利改為稅前基礎