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WELLTEND Interim / Quarterly Report 2020

Aug 27, 2020

52254_rns_2020-08-27_f156d6ad-546d-4d1a-a40d-3dce2b802947.pdf

Interim / Quarterly Report

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TWSE Code: 3 0 2 1

2020H1

2 0 2 0 / 0 8 / 2 7

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
2016 ．Assigned new GM for two business groups
Expanding
2017		 ．Invested in Thailand
2019 ．Revenue over USD 80 million

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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

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Huizhou Site
家 電 智慧家電
車 用 車影音
事務機
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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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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
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車 用

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消費電子

2020 Q1

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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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Development Strategy
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Quality and Service First

We believe the best competence is quality first, and execution in our daily production.

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Japanese Clients

We value our customers as a longterm partnership. For years, we have some Japanese brand clients.

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Welltend Core competence

Focus on long-term development and product applications, including home appliances, cars, industry. Diversity of products application

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There are two production sites in Southeast Asia, which can diversify single country risks

Diversity of production sites

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鴻 名 企 業

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2 0 2 0 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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IT System Planning

Cloud IT environment planning Worldwide brand network equipment Software and hardware upgrades Handheld devices and mobile office planning

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System maintenance MIS team management Information equipment management

IT solutions

Business Process Management(BPMFlow) Geographic information services(GIS) Data leakage protection(DLP) Virtualization、Network architecture、 Information Security Planning

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2 0 2 0 H 1 公司資訊

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Core Business and Strength
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IT consultancy. Application development and sales.

Skilled engineer support team with ISO27001 certificate.

Engineers and non-stop service everywhere in Taiwan, which meet the customers business need.

Offering worldwide known equipments. Installs and upgrades.

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鴻 名 企 業

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2 0 2 0 H 1 公司資訊

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Sales category
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  • In 2020 H1, revenue from services and general sales are both growing.

  • Through close service with our clients, brings more potential business in the

future.

  • Long term margin is stable.

Revenue Composition

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2 0 2 0 H 1 公司資訊

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Major Clients
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Banking

Banks, securites, insurance companies

Governments Central and local governments

Enterprises

Listed companies, foreign business in Taiwan Public services Hospitals, unversities

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鴻 名 企 業

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2 0 2 0 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 2020 H1, YoY revenue growth: -1.1%

  • For wire harness group: -17.4%

  • For system integration group: +47.6%

  • Stable gross margin brings reasonable profits

  • Sector contribution:

  • Wire harness: 61%

  • System integration: 39%

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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 671 million, YoY: + 2.4%, gross margin: 24.6%

  • In 2020H1, The cumulative revenue is 1,213 million, gross margin is 20.6%.

  • Q2 EPS: 0.59, record high in single quarter.

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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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TWD, thousand

2020Q2
2019Q2		 2020上半年
2019上半年
金 額
％
金 額
％		 金 額
％
金 額
％
營 收 670,522
654,834		 1,213,619
1,226,569
營業毛利 164,626
25
141,300
21		 250,415
21
267,690
22
營業費用 90,767
14
90,695
14		 181,621
15
184,459
15
營業利益 73,859
11
50,605
7		 68,794
6
83,231
7
業外收入 (227)
-
11,474
2		 1,809
-
10,158
1
稅前淨利 73,632
11
62,079
9		 70,603
6
93,389
8
所得稅 18,249
3
13,257
2		 20,530
2
23,076
2
淨利 55,292
8
48,822
7		 50,074
4
70,313
6
EPS 0.53
0.74

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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 3.5 dollars per share.

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

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

股利所屬年度 2015
2016
2017
2018
2019
當年度 EPS 0.82
1.05
1.15
1.30
1.44
當年度現金股利 0
0.7
0.75
0.75
0.408*
*現金減資 1元
年平均股價 12.13
12.35
14.39
14.8
15.05
平均現金殖利率 0%
5.7%
5.2%
5.1%
2.7%
平均本益比 14.8
11.8
12.5
11.4
10.5

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2 0 1 9 H 1 公司資訊

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Business insight
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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

  • Focus on Information security issue

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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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