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WELLTEND Interim / Quarterly Report 2019

Oct 2, 2019

52254_rns_2019-10-02_8592157d-2a62-42f6-a373-499c294566b7.pdf

Interim / Quarterly Report

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TWSE Code: 3 0 2 1

2019H1

2 0 1 9 / 1 0 / 0 2

免責聲明

本文件之資料只供參考和一般資訊之用，而並非有提供全面資訊或任何投資或其他專業意 見之意。鴻名企業並不保證或陳述該等資料是否完整、準確或最新。請使用者以公開資訊 觀測站之公開訊息為依據，查詢相關財務業務訊息。 如中、英文兩個版本有任何抵觸或不相符之處，應以中文版本為準。

Disclaimer

The information on this document is intended to be for reference and general information purposes only. It does not purport to be comprehensive nor to provide any investment or other professional advice. Welltend Technology Corporation does not warrant or represent that such information is complete, accurate or up to date. Users should base on the public information or announcement in Market Observation Post System(MOPS), to find the financial and business information.

If there is any inconsistency or ambiguity between the English version and the Chinese version, the Chinese version shall prevail.

A enda g

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About Wire Harness System Performance Q & A
Wellend Business Group Integration and Prospects
Business Group
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About Wire Harness System Performance Q & A Wellend Business Group Integration and Prospects Business Group

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Business Introduction
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Wire harness business group：

System integration business group： Provides system integration and IT services, with a complete product line and total solution. Welltend takes the leading position in enterprises and government.

With more than decades of experience, Welltend has insight in the industry needs. Products need to be tested by strict testing procedures. Provides customers with stable and reliable products, with the real-time support .

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WELLTEND has a strong management team and excellent RD capabilities, with vision and execution, towards future advanced investment.

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鴻 名 企 業

4

2 0 1 9 H 1 公司資訊

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Histroy
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Established
1993		 ．Company was established
．IT products agents, sales and service
2000 ．Share listed in OTC market (Taipei Exchange)
Development
2002		 ．Share listed in main board (TWSE)
Restructure
2009		 ．Wire harness group joined
2010 ．Invested in Shenzhen area
Transition
2011		 ．Invested in Hunan, Kunshan
2013 ．Invested in Huizhou
2014 ．Invested in Philippines
Expanding
2016		 ．Assigned new GM for two business groups
2017 ．Invested in Thailand

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鴻 名 企 業

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2 0 1 9 H 1 公司資訊

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Organization
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Board
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GM
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Remuneration
Management
Committee
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Management System Center Integration BU

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Wire Harness BU
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  • Group information, business  IT system equipment sales, planning and setup

  • strategy, investors message

  • Human resources, legal  MIS outsourcing, on site engineer service

  • Human resources, legal affairs, information,

 For local and international market, wire harness and connectors business R&D, manufacturing, promotion,

procurement, accounting etc.

  • System/software engineering

and sales

project

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鴻 名 企 業

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2 0 1 9 H 1 公司資訊

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About Wire Harness System Performance Q & A Wellend Business Group Integration and Prospects Business Group

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Wire Harness Group
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  • Professional cable, harness manufacturing partners

  • Reliable and stable quality, affirmed by Japanese customers

  • Applications

-Home appliances, office automation machines, information technology, automotives, industrial use

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鴻 名 企 業
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Appliances
Automotives
IT
MFP
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IT
MFP
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家 電 事務機
資訊科技 車 用
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2 0 1 9 H 1 公司資訊

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Production Base
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  • East China

Kunshan Site

  • South China

Huizhou Site

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家 電 智慧家電
車 用 車影音
事務機
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2 0 1 9 H 1 公司資訊

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Production Base
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  • South East Asia

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– Philippines

Celeraise Electronic – Thailand Celeraise (Thailand)

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智慧家電 消費電子 車 用
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鴻 名 企 業

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2 0 1 9 H 1 公司資訊

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Certifications
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2003/05 Shenzhen site ISO/TS16949：2002 2003/05 Shenzhen site SONY GP 2005/05 Shanghai site ISO-14001：2004 2009/10 Shanghai site ISO-9001：2008 2011/07 Shanghai site ISO/TS16949：2009 2012/02 Kunshan site ISO-9001：2008 2014/11 Huizhou site ISO14001:2004 2015/01 Philippines site ISO-9001：2008 2015/08 Huizhou site ISO/TS 16949:2009 2018/07 Huizhou site IATF 16949：2016 1994/02 Shenzhen site CSA/UL 1997/02 Shanghai site CUL 2012/02 Kunshan site CUL 2015/01 Philippines site UL

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鴻 名 企 業

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2 0 1 9 H 1 公司資訊

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About Wire Harness System Performance Q & A Wellend Business Group Integration and Prospects Business Group

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Products and Service
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• Hardware and software

  • 、 、 、

  • HP IBM Dell Lenovo, full product line

  • 、 、

  • Cisco HP Extreme, network products

  • 、 、 、

  • MS VMWare Veritas Symantec

• IT solutions

  • Business Process Management(BPMFlow)

  • Geographic information services(GIS)

  • Data leakage protection(DLP)

  • 、 、

  • Virtualization Network architecture Information Security Planning

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銷售
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  • System maintenance

  • MIS team management

  • Information equipment management

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維運
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鴻 名 企 業

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2 0 1 9 H 1 公司資訊

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Service Base
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服務範圍

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鴻 名 企 業

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2 0 1 9 H 1 公司資訊

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Revenues and Profits analysis
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  • In 2019 H1, services revenue and general sales revenue was growing.

  • Services income contributes half of the gross margin.

Revenue Composition

Gross Margin Composition

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2 0 1 9 H 1 公司資訊

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Major Clients
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  • Banking, insurance

  • Government, public service sectors

  • Hospitals, schools and universities

  • Listed companies, foreign business in Taiwan

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鴻 名 企 業

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2 0 1 9 H 1 公司資訊

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About Wire Harness System Performance Q & A Wellend Business Group Integration and Prospects Business Group

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Operation highlight
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  • In 2019 H1, YoY revenue growth: +7.2%

  • For wire harness group: +6.2%

  • For system integration group: +10%

  • Stable gross margin brings reasonable profits

  • Sector contribution:

  • Wire harness: 74%

  • System integration:26%

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鴻 名 企 業

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2 0 1 9 H 1 公司資訊

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Seasonal Operation Results
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  • Revenues in Q2 are 655 million, YoY: + 8.5%

  • The cumulative Q2 gross margin is 21.8%.

  • Q2 EPS: 0.51, the cumulative EPS: 0.74

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鴻 名 企 業

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2 0 1 9 H 1 公司資訊

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Income Statement Summary
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台幣 千元

2019Q2
2018Q2		 2019上半年
2018上半年
金 額
％
金 額
％		 金 額
％
金 額
％
營 收 654,834
603,506		 1,226,569
1,114,179
營業毛利 141,300
21
148,345
25		 267,690
22
276,340
24
營業費用 90,695
14
101,013
17		 184,459
15
188,617
16
營業利益 50,605
7
47,332
8		 83,231
7
87,723
8
業外收入 11,474
2
13,599
2		 10,158
1
442
-
稅前淨利 62,079
9
60,931
10		 93,389
8
88,165
8
所得稅 13,257
2
11,632
2		 23,076
2
17,987
2
淨利 48,822
7
49,299
8		 70,313
6
70,180
6
EPS 0.74
0.73

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2 0 1 9 H 1 公司資訊

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Dividends Policy
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  • In the past five years, shareholders have received cash dividends or capital reduction,

the return is more than 3.9 dollars.

  • Long term cash dividend yield is more than 5%.

  • Company policy: share profits to long-term shareholders.

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股利所屬年度 2014 2015 2016 2017 201 ８
當年度 EPS 0.75 0.82 1.05 1.15 1.30
當年度現金股利 0.7 0 0.7 0.75 0.75
()
現金減資 1元
年平均股價 13.4 12.13 12.35 14.39 14.8
平均現金殖利率 5.2% 0% 5.7% 5.2% 5.1%
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2 0 1 9 H 1 公司資訊

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營運展望
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WELLTEND strategy

  • Customer first, quality first, consistent growth with a reasonable profit –

Wire Harness Group

  • OA machines/MPF products grow

  • Automotives electronics bring the better profit

  • Japanese corporations trend

  • SEA manufacturing and business environments

System Integration Group

  • Software/application development capability

  • Improving service income, consultancy capability

  • Data leak prevention issues

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鴻 名 企 業

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2 0 1 9 H 1 公司資訊

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About Wire Harness System Performance Q & A Wellend Business Group Integration and Prospects Business Group

Spokesman 林冠宇 Eric Lin Headquarter 黃小菁 Emmy Huang

Email [email protected]

TEL (02) 8768-2688 ext 8843

Website http://www.welltend.com.tw

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