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TXC Interim / Quarterly Report 2018

Nov 21, 2018

52274_rns_2018-11-21_af21fa06-1a76-49d8-a560-73a03c7a3303.pdf

Interim / Quarterly Report

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法人說明會 107年11月

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TXC Confidential and Proprietary

Disclaimer

  • Except for statements in respect of historical matters, the statements in this release are forwardlooking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual performance, financial condition or results of operations of TXC to be materially different form what may be implied by such forwardlooking statements.

  • The financial forecasts and forward-looking statements in the release reflect the current belief of TXC as of the date of this release and TXC undertakes no obligation to update these forecasts and forward-looking statements for events or circumstances that occur subsequent to such date.

  • The statements in respect of historical matters may contain unaudited information, which may have certain deficiency or weakness so as not to fairly present financial condition or the results of operations of TXC.

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TXC Confidential and Proprietary

1

財務績效 財務報告, 每股盈餘, 每股股利, 資本支出

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TXC Confidential and Proprietary

2

每季財務績效

單位 : 新台幣百萬元

2016: 9,637M 2017: 8,781M (yoy +4.0%) (yoy -8.9%)

16.Q1 16.Q2 16.Q3 16.Q4 17.Q1 17.Q2 17.Q3 17.Q4 18.Q1 18.Q2 18.Q3
Revenue(QoQ) -15.4% 8.3% 13.9% 1.7% -19.3% -0.9% 7.2% 0.1% -17.6% -0.4% 21.8%
Revenue(YoY) -1.2% 2.9% 7.6% 6.0% 1.1% -7.5% -12.8% -14.2% -12.4% -11.9% 0.0%

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TXC Confidential and Proprietary

3

每季財務績效

毛利率(%)

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單位 : 新台幣百萬元
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2016: 2,554M
(yoy +14.3%)
2017: 2,185M
(yoy -14.4%)
16.Q1
16.Q2
16.Q3
16.Q4
17.Q1
17.Q2
17.Q3
17.Q4
18.Q1
18.Q2
18.Q3
Gross Profit(QoQ)
-3.3%
-7.3%
20.0%
3.2%
-13.9%
-14.9%
4.3%
-0.2%
-22.4%
0.1%
23.6%
Gross Profit(YoY)
14.4%
15.2%
16.8%
11.0%
-1.1%
-9.2%
-21.1%
-23.7%
-31.3%
-19.2%
-4.2%
 2016: 2,554M
(yoy +14.3%)
2017: 2,185M
(yoy -14.4%)
16.Q1
16.Q2
16.Q3
16.Q4
17.Q1
17.Q2
17.Q3
17.Q4
18.Q1
18.Q2
18.Q3
Gross Profit(QoQ)
-3.3%
-7.3%
20.0%
3.2%
-13.9%
-14.9%
4.3%
-0.2%
-22.4%
0.1%
23.6%
Gross Profit(YoY)
14.4%
15.2%
16.8%
11.0%
-1.1%
-9.2%
-21.1%
-23.7%
-31.3%
-19.2%
-4.2%
 2016: 2,554M
(yoy +14.3%)
2017: 2,185M
(yoy -14.4%)
16.Q1
16.Q2
16.Q3
16.Q4
17.Q1
17.Q2
17.Q3
17.Q4
18.Q1
18.Q2
18.Q3
Gross Profit(QoQ)
-3.3%
-7.3%
20.0%
3.2%
-13.9%
-14.9%
4.3%
-0.2%
-22.4%
0.1%
23.6%
Gross Profit(YoY)
14.4%
15.2%
16.8%
11.0%
-1.1%
-9.2%
-21.1%
-23.7%
-31.3%
-19.2%
-4.2%
 2016: 2,554M
(yoy +14.3%)
2017: 2,185M
(yoy -14.4%)
16.Q1
16.Q2
16.Q3
16.Q4
17.Q1
17.Q2
17.Q3
17.Q4
18.Q1
18.Q2
18.Q3
Gross Profit(QoQ)
-3.3%
-7.3%
20.0%
3.2%
-13.9%
-14.9%
4.3%
-0.2%
-22.4%
0.1%
23.6%
Gross Profit(YoY)
14.4%
15.2%
16.8%
11.0%
-1.1%
-9.2%
-21.1%
-23.7%
-31.3%
-19.2%
-4.2%
 2016: 2,554M
(yoy +14.3%)
2017: 2,185M
(yoy -14.4%)
16.Q1
16.Q2
16.Q3
16.Q4
17.Q1
17.Q2
17.Q3
17.Q4
18.Q1
18.Q2
18.Q3
Gross Profit(QoQ)
-3.3%
-7.3%
20.0%
3.2%
-13.9%
-14.9%
4.3%
-0.2%
-22.4%
0.1%
23.6%
Gross Profit(YoY)
14.4%
15.2%
16.8%
11.0%
-1.1%
-9.2%
-21.1%
-23.7%
-31.3%
-19.2%
-4.2%
 2016: 2,554M
(yoy +14.3%)
2017: 2,185M
(yoy -14.4%)
16.Q1
16.Q2
16.Q3
16.Q4
17.Q1
17.Q2
17.Q3
17.Q4
18.Q1
18.Q2
18.Q3
Gross Profit(QoQ)
-3.3%
-7.3%
20.0%
3.2%
-13.9%
-14.9%
4.3%
-0.2%
-22.4%
0.1%
23.6%
Gross Profit(YoY)
14.4%
15.2%
16.8%
11.0%
-1.1%
-9.2%
-21.1%
-23.7%
-31.3%
-19.2%
-4.2%
 2016: 2,554M
(yoy +14.3%)
2017: 2,185M
(yoy -14.4%)
16.Q1
16.Q2
16.Q3
16.Q4
17.Q1
17.Q2
17.Q3
17.Q4
18.Q1
18.Q2
18.Q3
Gross Profit(QoQ)
-3.3%
-7.3%
20.0%
3.2%
-13.9%
-14.9%
4.3%
-0.2%
-22.4%
0.1%
23.6%
Gross Profit(YoY)
14.4%
15.2%
16.8%
11.0%
-1.1%
-9.2%
-21.1%
-23.7%
-31.3%
-19.2%
-4.2%
 2016: 2,554M
(yoy +14.3%)
2017: 2,185M
(yoy -14.4%)
16.Q1
16.Q2
16.Q3
16.Q4
17.Q1
17.Q2
17.Q3
17.Q4
18.Q1
18.Q2
18.Q3
Gross Profit(QoQ)
-3.3%
-7.3%
20.0%
3.2%
-13.9%
-14.9%
4.3%
-0.2%
-22.4%
0.1%
23.6%
Gross Profit(YoY)
14.4%
15.2%
16.8%
11.0%
-1.1%
-9.2%
-21.1%
-23.7%
-31.3%
-19.2%
-4.2%
 2016: 2,554M
(yoy +14.3%)
2017: 2,185M
(yoy -14.4%)
16.Q1
16.Q2
16.Q3
16.Q4
17.Q1
17.Q2
17.Q3
17.Q4
18.Q1
18.Q2
18.Q3
Gross Profit(QoQ)
-3.3%
-7.3%
20.0%
3.2%
-13.9%
-14.9%
4.3%
-0.2%
-22.4%
0.1%
23.6%
Gross Profit(YoY)
14.4%
15.2%
16.8%
11.0%
-1.1%
-9.2%
-21.1%
-23.7%
-31.3%
-19.2%
-4.2%
 2016: 2,554M
(yoy +14.3%)
2017: 2,185M
(yoy -14.4%)
16.Q1
16.Q2
16.Q3
16.Q4
17.Q1
17.Q2
17.Q3
17.Q4
18.Q1
18.Q2
18.Q3
Gross Profit(QoQ)
-3.3%
-7.3%
20.0%
3.2%
-13.9%
-14.9%
4.3%
-0.2%
-22.4%
0.1%
23.6%
Gross Profit(YoY)
14.4%
15.2%
16.8%
11.0%
-1.1%
-9.2%
-21.1%
-23.7%
-31.3%
-19.2%
-4.2%
 2016: 2,554M
(yoy +14.3%)
2017: 2,185M
(yoy -14.4%)
16.Q1
16.Q2
16.Q3
16.Q4
17.Q1
17.Q2
17.Q3
17.Q4
18.Q1
18.Q2
18.Q3
Gross Profit(QoQ)
-3.3%
-7.3%
20.0%
3.2%
-13.9%
-14.9%
4.3%
-0.2%
-22.4%
0.1%
23.6%
Gross Profit(YoY)
14.4%
15.2%
16.8%
11.0%
-1.1%
-9.2%
-21.1%
-23.7%
-31.3%
-19.2%
-4.2%
 2016: 2,554M
(yoy +14.3%)
2017: 2,185M
(yoy -14.4%)
16.Q1
16.Q2
16.Q3
16.Q4
17.Q1
17.Q2
17.Q3
17.Q4
18.Q1
18.Q2
18.Q3
Gross Profit(QoQ)
-3.3%
-7.3%
20.0%
3.2%
-13.9%
-14.9%
4.3%
-0.2%
-22.4%
0.1%
23.6%
Gross Profit(YoY)
14.4%
15.2%
16.8%
11.0%
-1.1%
-9.2%
-21.1%
-23.7%
-31.3%
-19.2%
-4.2%
16.Q1 16.Q2 16.Q3 16.Q4 17.Q1 17.Q2 17.Q3 17.Q4 18.Q1 18.Q2 18.Q3
Gross Profit(QoQ) -3.3% -7.3% 20.0% 3.2% -13.9% -14.9% 4.3% -0.2% -22.4% 0.1% 23.6%
Gross Profit(YoY) 14.4% 15.2% 16.8% 11.0% -1.1% -9.2% -21.1% -23.7% -31.3% -19.2% -4.2%

營業毛利

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TXC Confidential and Proprietary

4

每季財務績效

單位 : 新台幣百萬元

純益率%

2016: 1,016M
(yoy +8.3%)
2017: 963M
(yoy -5.3%)
16.Q1
16.Q2
16.Q3
16.Q4
17.Q1
17.Q2
17.Q3
17.Q4
18.Q1
18.Q2
18.Q3
Net Profit(QoQ)
-11.1%
-6.3%
27.3%
14.3%
4.1%
-47.5%
34.8%
8.3%
-65.8%
37.9%
108.7%
Net Profit(YoY)
2.3%
19.7%
-5.6%
21.3%
42.0%
-20.5%
-15.8%
-20.3%
-73.8%
-31.3%
6.4%
淨利		 2016: 1,016M
(yoy +8.3%)
2017: 963M
(yoy -5.3%)
16.Q1
16.Q2
16.Q3
16.Q4
17.Q1
17.Q2
17.Q3
17.Q4
18.Q1
18.Q2
18.Q3
Net Profit(QoQ)
-11.1%
-6.3%
27.3%
14.3%
4.1%
-47.5%
34.8%
8.3%
-65.8%
37.9%
108.7%
Net Profit(YoY)
2.3%
19.7%
-5.6%
21.3%
42.0%
-20.5%
-15.8%
-20.3%
-73.8%
-31.3%
6.4%
淨利		 2016: 1,016M
(yoy +8.3%)
2017: 963M
(yoy -5.3%)
16.Q1
16.Q2
16.Q3
16.Q4
17.Q1
17.Q2
17.Q3
17.Q4
18.Q1
18.Q2
18.Q3
Net Profit(QoQ)
-11.1%
-6.3%
27.3%
14.3%
4.1%
-47.5%
34.8%
8.3%
-65.8%
37.9%
108.7%
Net Profit(YoY)
2.3%
19.7%
-5.6%
21.3%
42.0%
-20.5%
-15.8%
-20.3%
-73.8%
-31.3%
6.4%
淨利		 2016: 1,016M
(yoy +8.3%)
2017: 963M
(yoy -5.3%)
16.Q1
16.Q2
16.Q3
16.Q4
17.Q1
17.Q2
17.Q3
17.Q4
18.Q1
18.Q2
18.Q3
Net Profit(QoQ)
-11.1%
-6.3%
27.3%
14.3%
4.1%
-47.5%
34.8%
8.3%
-65.8%
37.9%
108.7%
Net Profit(YoY)
2.3%
19.7%
-5.6%
21.3%
42.0%
-20.5%
-15.8%
-20.3%
-73.8%
-31.3%
6.4%
淨利		 2016: 1,016M
(yoy +8.3%)
2017: 963M
(yoy -5.3%)
16.Q1
16.Q2
16.Q3
16.Q4
17.Q1
17.Q2
17.Q3
17.Q4
18.Q1
18.Q2
18.Q3
Net Profit(QoQ)
-11.1%
-6.3%
27.3%
14.3%
4.1%
-47.5%
34.8%
8.3%
-65.8%
37.9%
108.7%
Net Profit(YoY)
2.3%
19.7%
-5.6%
21.3%
42.0%
-20.5%
-15.8%
-20.3%
-73.8%
-31.3%
6.4%
淨利		 2016: 1,016M
(yoy +8.3%)
2017: 963M
(yoy -5.3%)
16.Q1
16.Q2
16.Q3
16.Q4
17.Q1
17.Q2
17.Q3
17.Q4
18.Q1
18.Q2
18.Q3
Net Profit(QoQ)
-11.1%
-6.3%
27.3%
14.3%
4.1%
-47.5%
34.8%
8.3%
-65.8%
37.9%
108.7%
Net Profit(YoY)
2.3%
19.7%
-5.6%
21.3%
42.0%
-20.5%
-15.8%
-20.3%
-73.8%
-31.3%
6.4%
淨利		 2016: 1,016M
(yoy +8.3%)
2017: 963M
(yoy -5.3%)
16.Q1
16.Q2
16.Q3
16.Q4
17.Q1
17.Q2
17.Q3
17.Q4
18.Q1
18.Q2
18.Q3
Net Profit(QoQ)
-11.1%
-6.3%
27.3%
14.3%
4.1%
-47.5%
34.8%
8.3%
-65.8%
37.9%
108.7%
Net Profit(YoY)
2.3%
19.7%
-5.6%
21.3%
42.0%
-20.5%
-15.8%
-20.3%
-73.8%
-31.3%
6.4%
淨利		 2016: 1,016M
(yoy +8.3%)
2017: 963M
(yoy -5.3%)
16.Q1
16.Q2
16.Q3
16.Q4
17.Q1
17.Q2
17.Q3
17.Q4
18.Q1
18.Q2
18.Q3
Net Profit(QoQ)
-11.1%
-6.3%
27.3%
14.3%
4.1%
-47.5%
34.8%
8.3%
-65.8%
37.9%
108.7%
Net Profit(YoY)
2.3%
19.7%
-5.6%
21.3%
42.0%
-20.5%
-15.8%
-20.3%
-73.8%
-31.3%
6.4%
淨利		 2016: 1,016M
(yoy +8.3%)
2017: 963M
(yoy -5.3%)
16.Q1
16.Q2
16.Q3
16.Q4
17.Q1
17.Q2
17.Q3
17.Q4
18.Q1
18.Q2
18.Q3
Net Profit(QoQ)
-11.1%
-6.3%
27.3%
14.3%
4.1%
-47.5%
34.8%
8.3%
-65.8%
37.9%
108.7%
Net Profit(YoY)
2.3%
19.7%
-5.6%
21.3%
42.0%
-20.5%
-15.8%
-20.3%
-73.8%
-31.3%
6.4%
淨利		 2016: 1,016M
(yoy +8.3%)
2017: 963M
(yoy -5.3%)
16.Q1
16.Q2
16.Q3
16.Q4
17.Q1
17.Q2
17.Q3
17.Q4
18.Q1
18.Q2
18.Q3
Net Profit(QoQ)
-11.1%
-6.3%
27.3%
14.3%
4.1%
-47.5%
34.8%
8.3%
-65.8%
37.9%
108.7%
Net Profit(YoY)
2.3%
19.7%
-5.6%
21.3%
42.0%
-20.5%
-15.8%
-20.3%
-73.8%
-31.3%
6.4%
淨利		 2016: 1,016M
(yoy +8.3%)
2017: 963M
(yoy -5.3%)
16.Q1
16.Q2
16.Q3
16.Q4
17.Q1
17.Q2
17.Q3
17.Q4
18.Q1
18.Q2
18.Q3
Net Profit(QoQ)
-11.1%
-6.3%
27.3%
14.3%
4.1%
-47.5%
34.8%
8.3%
-65.8%
37.9%
108.7%
Net Profit(YoY)
2.3%
19.7%
-5.6%
21.3%
42.0%
-20.5%
-15.8%
-20.3%
-73.8%
-31.3%
6.4%
淨利		 2016: 1,016M
(yoy +8.3%)
2017: 963M
(yoy -5.3%)
16.Q1
16.Q2
16.Q3
16.Q4
17.Q1
17.Q2
17.Q3
17.Q4
18.Q1
18.Q2
18.Q3
Net Profit(QoQ)
-11.1%
-6.3%
27.3%
14.3%
4.1%
-47.5%
34.8%
8.3%
-65.8%
37.9%
108.7%
Net Profit(YoY)
2.3%
19.7%
-5.6%
21.3%
42.0%
-20.5%
-15.8%
-20.3%
-73.8%
-31.3%
6.4%
淨利
16.Q1 16.Q2 16.Q3 16.Q4 17.Q1 17.Q2 17.Q3 17.Q4 18.Q1 18.Q2 18.Q3
Net Profit(QoQ) -11.1% -6.3% 27.3% 14.3% 4.1% -47.5% 34.8% 8.3% -65.8% 37.9% 108.7%
Net Profit(YoY) 2.3% 19.7% -5.6% 21.3% 42.0% -20.5% -15.8% -20.3% -73.8% -31.3% 6.4%

稅後淨利

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TXC Confidential and Proprietary

5

合併損益表

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TXC Confidential and Proprietary

6

資產負債表

單位：$NT 仟元 2013 2014 2015 2016 2017 2018'Q1~Q3
現金及約當現金 1,830 1,768 2,728 2,093 2,331 1,673
應收票據及應收帳款 2,666 2,968 2,924 3,085 2,651 2,635
存貨 1,653 1,657 1,534 1,520 1,504 1,868
流動資產 6,859 7,807 8,574 8,818 7,983 7,257
不動產、廠房及設備 5,508 5,154 4,570 4,278 4,370 4,256
總資產 12,984 13,622 15,580 14,842 13,403 12,648
流動負債 2,812 2,792 3,445 3,156 2,277 2,169
非流動負債 1,847 1,936 1,397 1,913 1,961 1,951
總負債 4,659 4,728 4,841 5,069 4,238 4,120
合併股東權益 8,325 8,895 10,739 9,773 9,165 8,528
平均收現日數 118 108 116 114 119 121
平均銷貨日數 78 84 83 79 84 99
平均付現日數 58 50 57 65 73 78
流動比率(%) 243.9% 279.6% 248.9% 279.4% 350.6% 334.5%
負債比率(%) 35.9% 34.7% 31.1% 34.2% 31.6% 32.6%
每股淨值(元) 26.88 28.71 34.67 31.55 29.59 27.53

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TXC Confidential and Proprietary

7

每股盈餘與每股股利

0
0.5
1
1.5
2
2.5
3
3.5
4		 0
0.5
1
1.5
2
2.5
3
3.5
4		 0
0.5
1
1.5
2
2.5
3
3.5
4		 Unit: $NT
每股盈餘
現金股利
2.2
2.2
2.2
2.5
2.5
2.8
2.5
2011
2012
2013
2014
2015
2016
2017
2011
2012
2013
2014
2015
2016
2017
每股盈餘 3.48 3.79 3.02 3.21 3.03 3.28 3.11
現金股利 2.2 2.2 2.2 2.5 2.5 2.8 2.5
股價(Apr. end) 43.55 46 43.55 39.9 41.1 44.5 39
股息發放率(%) 63.22 58.05 72.85 77.88 82.51 85.37 80.39
殖利率(%) 5.05 4.78 5.05 6.27 6.08 6.29 6.41

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8

資本支出

單位: 新台幣元

金額: 2.5億

  • MEMS

  • Oscillators

金額: 3.8億

  • SMD Crystal

  • • Facility

金額: 2.3億

  • SMD Crystal

  • • ACAP Crystal

總金額: 8.6億

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9

市場展望 產值, 排名, 產品應用

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10

石英元件產值

Revenue

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----- Start of picture text -----

3500 2.00%
1.35%
3000
1.00%
0.32%
0.22%
2500 -0.15%
0.00%
2000 3.2B
-1.00%
1500
-1.97% -2.00%
1000
-3.04%
-3.00%
500
0 -4.00%
2014 2015 2016 2017 2018(e) 2019(f)
WW Revenue(Millions of USD) YoY
Shipment
2.33%
20,000 2.28% 2.15% 2.50%
2.05% 1.95%
2.00%
15,000 17.7B
1.50%
10,000
1.25%
1.00%
5,000
0.50%
0 0.00%
2014 2015 2016 2017 2018(e) 2019(f)
WW Shipments (Millions of pcs) YoY
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Source ： CS&A,2018

Think of Frequency, Think of TXC

11

石英元件產值

Total revenues is reached USD 3.1B-3.3B (CAGR 0.1%)

Total shipment is estimated to 17.5B-18.5B units(CAGR 2.1%)

-
500
1,000
1,500
2,000
2,500
3,000
3,500
Revenue(M, USD)
18,000
20,000
pcs)
18,000
20,000
pcs)		 OCXO
VCXO
TCXO
XO
MHz Crystal
kHz Crystal
kHz Crystal
MHz Crystal
XO
TCXO
VCXO
OCXO

Source ： CS&A,2018

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12

市場排名

2016
Rank		 2017
Rank		 Company Name Revenue(M) Revenue(M) Revenue(M) Market Share(%) Market Share(%)
2016 2017 Percent
Change		 2016 2017
1 1 Seiko Epson $409 $382 -6.6% 12.9% 11.7%
2 2 NDK $357 $354 -0.8% 11.3% 10.8%
4 3 KCD $287 $344 20.0% 9.1% 10.5%
3 4 TXC $310 $294 -5.2% 9.8% 9.0%
5 5 KDS $212 $205 -3.2% 6.7% 6.3%
6 6 Microsemi
(Vectron)		 $160 $168 5.0% 5.1% 5.1%
7 7 SIWARD $103 $104 1.5% 3.2% 3.2%
10 8 MegaChips
(SiTime)		 $73 $103 41.1% 2.3% 3.1%
9 9 Hosonic $95 $98 3.0% 3.0% 3.0%
8 10 Harmony $72 $98 35.8% 2.3% 3.0%
Others $1,088 $1,120 3.0% 34.4% 34.2%
Total Revenue $3,165 $3,271 3.3%

Source ~~： C~~ S&A,2018

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13

產業別銷售比重

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OTHERS AUTOMOTIVE
Crystal, XO
6% 9%
AUTOMOTIVE
OTHERS IoT
7%
7% Crystal, XO,
9%
IoT TCXO
7%
MOBILE MOBILE
COMPUTING COMPUTING
18% 16%
2018
2017
(F)
NETWORKING
NETWORKING
31%
32%
MOBILE
COMMUNICATION
Stratum 3 TCXO
MOBILE
HF VCXO 29%
COMMUNICATION
OCXO
29%
Sensors, TSX ,
TCXO
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14

產品別銷售比重

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OTHERS
6%
OTHERS
XO
7% 5G
11%
XO
9%
TSX GNSS, TSX
7% 3G/4G/5G 9%
2018
2017
TCXO GNSS/GPS
9% Small Cell TCXO (F)
Networking 7% CRYSTAL
61%
SENSOR
7% CRYSTAL PS,
SENSOR
61% ALS+PS
6%
Color+PS
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15

成長潛力

  • 新產品開發

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16

市場成長動力

Intelligent

Worldwide Sensors CAGR 11.3% (2016 to 2021) Forecasted U$241B by 2021 (AMR)

Growing usage of all sorts of sensors and AI

Connected

Worldwide Crystals and Oscillators CAGR 1.4% (2016 to 2020) Forecasted U$3.5B by 2020 (CS&A)

Increasing usage, decreasing in price

Things

30 Billion Connected Devices by 2020 (Statista)

Massive number of devices are being embedded with sensors and connectivity

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17

新產品開發

Intelligent

Miniature and Slim Color Sensor High Accuracy Thermal Sensor High Resolution uBolometer Sensor

Connected

Active EMI Integrated Oscillator Module Ultra Stability SMD OCXO

High Freq, Miniature Crystal and Oscillator

Things

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IoT
5G
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ACAP Sensor
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Industry 1[st]

Industry 1[st]

Target Markets

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18

智慧聯網

  • Crystal - Miniaturization

    • High Freq
    • High Drive Level

  • Wide OTR

  • Oscillator - High Freq

    • Ultra Stability
    • Ultra Low Noise

  • Wide OTR

  • EMI Oscillator Module - EMI IC Integration

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Light Sensor
Thermal IR Sensor
(Thermopile)
Thermal IR Image
Sensor
(uBolometer)
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19

小型化、薄型化石英元件

Miniature and low profile 1.2x1.0x0.3mm Crystals for Compact size module applications

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Internet of
Things
(IoT)
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GNSS/GPS WiFi, BT/BLE, ZigBee Source: ublox, OriginGPS Module Module

Miniature and low profile 1.6x1.2mmx0.6mm Oscillators

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TXC Confidential and Proprietary

20

超高穩定度 SMD 9775 SC-Cut OCXO

Telecom and networking infrastructure

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Source: Huawei, Nokia
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21

小型化、窄邊框 感測元件

Single Aperture 2.5x2.0mm

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Slim Bezel

  • 3.4x1.2mm

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Miniature

2.0x1.6mm

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TXC Confidential and Proprietary

22

車用輔助系統影像方案

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Source: Yole
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Thermal Imaging (uBolometer) Active EMI OSC Module

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23

Active EMI Oscillator 模組

Active EMI Oscillator Module 2.5x2.0mm/2.0x1.6mm Ceramic Package

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Designed for all Imaging Devices; Automotive Grade and IoT applications

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EMI resolved by Active EMI derived from EMI Oscillator Module Radiative and Conductive

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Source: Magna, BYD

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TXC Confidential and Proprietary

24

高解析度熱輻射感測元件

Automotive Night Vision by Thermal Image (uBolometer Solution)

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320x240 QVGA
uBolometer Sensor
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Source: FLIR

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Dust, smog, and heavy smoke

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Sun glare or low sun angles

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Oncoming headlights

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25

高準確率熱電堆紅外線感測元件

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Non-contact temperature measurement solutions – by TO5 package

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Non-contact temperature measurement solutions – by ceramic package

Source: Panasonic, Heiman

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Overload Detection

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Search, Rescue & Security

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Leakage Detection

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Fever Detection

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26

總結

  • Market competition is always at intense

  • Supply surplus demand; market prices fall faster

  • Product specifications getting rigorous

  • Exchange rate fluctuations in the dollar, Yen, CNY

  • Risk and impact of US protectionism - Slowing down global productivity and trends – would likely to hit Asia, and China in particular

  • Speed up the development of new revenue-generating product lines for Automotive, 5G, IoT, Sensor

  • Accelerate business strategy on product diversification and strategic alliance

  • Continue to review vendors to lower the cost of goods sold and localized

  • Continue to drive lean management in all aspects to maintain healthy business and increase competitiveness

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TXC Confidential and Proprietary

27

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Regulatory Filings 2026
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Notice of Dividend Amount 2026
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