Working on Better Solutions. Company Profile

Transcription

1 Working on Better Solutions 2007 Company Profile

2 Company Profile Founded : Nov. 8, 1984 Paid-up Capital : NT$2.86 Billion Chairman : Leo Huang CEO : Leo Huang Employees : 1,215 ( ) (World Wide) Operation Sites : Lin-Kou, Hsinchu, Kaohsiung Revenue : NT$ 3.2 Billion (2006 Parent Only) NT$ 8.5 Billion (2006 Consolidated) Products : Test & Measurement Instruments Automated Test Systems 2

3 Human Resource Employee Distribution By Function Total Employees : 985 R&D Employee Distribution By Education R&D Employees : 367 R&D 37.7% 367 Quality Assurance 4.3% 41 Administration 10.1% Manufacturing 29.7% 286 Sales & Marketing 18.2% % High school and Under 42% 33% 21% 1% College Bachelor Master PHD 3

4 Taiwan Operation Sites Hsinchu Branch Headquarters & Factory -- Lin-Kou (Hwa-Ya Technology Park) Kaohsiung Branch 4 Total Gross Floor Space: 67,184 m2

5 Global Operation Sites Oversea Employees:230 Hong Kong : Neworld US : Irvine, CA. Europe : Ede, Netherlands / Finland China : Shenzhen / Dongguan / Xiamen / Suzhou Nanjing / Shanghai / Beijing 5

6 Product Mix A Total Solution Provider Power Supply Testing Passive Component Testing Electrical Safety Testing Video & Color Testing Semiconductor/IC Testing LED LED Testing Customized Integration 6

7 Power Supply Testing AC/DC Power Source AC/DC Electronic Load Digital Power Meter/Analyzer Timing/Noise Measurement Switcher Analyzer Automatic Test System Automatic Test System Burn-in DC Power Supply Applications: PC/Server Power Adapter Inverter/UPS Book-light Inverter Charger Burn in Plating DC/DC Converter Battery System Integration AC Electronic Load AC Source Digital Power Meter DC Electronic Load Power Analyzer 7 DC Power Supply

8 Video & Color Testing Video Pattern Generator (VPG) - Analog VPG - HDTV VPG - RF VPG - True Color VPG Video Signal Box Digital Video Distributor Color Analyzer Front Projector ATS Applications: LCD Module LCD Display LCD TV HDTV LED Display Inverter Network Device Monitor Projector LCD Color Analyzer Video Pattern Generator 8

9 LCD/LCM Testing Data Management (CIM) Shop Floor Management INTRANET for Computer Integrated Manufacture (CIM) LCM Production Line Process Automation Motion & Robotic Electronic Testing LCM Tester LCM TV Tester LCM ATS Signal Generator Cards DC Power Supply for LCM Burn-in applications AOI System Packing QC Test AV2 AV1 Final Display White Balance Test Aging Oven Assembly Test Material LCM Tester Applications: LCD Module LCD TV LCD Monitor AOI System LCM ATS LCM TV Tester Signal Generator Card 9

10 Component & Safety Testing LCR Meter / Auto Transformer Test System Electrolytic Capacitance Tester Programmable HF AC Tester EMI Filter Test System Milliohm Tester Impulse Winding Tester Network Analyzer EDLC Test System Bias Current Test System EDLC ATS EDLC LC Monitoring System Applications: Various Capacitor Transformer Power Choke Resistor Relay Switch RJ-45 (LAN) EDLC Inductors Switch Mode Power Supply Power filters Lead wires Magnetic material Network Analyzer Milliohm Tester Auto Component Capacitor Leakage Current/IR Meter Analyzer Electrolytic Capacitor Analyzer 10 Bias Current Source LCR Meter Programmable HF AC Tester EMI Filter Test System

11 Semiconductor/IC Testing VLSI Test System SoC Test System LCD Driver IC Test System IC Test Handler Automatic System Function Tester SoC Test System Applications: Super I/O Digital Consumer IC Display Controller Micro Processor VLSI Test System Applications: STN Device CSTN Device TFT Gate TFT Source Logic Device ASFT Applications: CPU Chipset Graphics DVD USB CIS Pick & Place Handler Automatic Function System Tester VLSI Test System SoC Test System LCD Driver IC Test System 11

12 Customized Testing Solutions Chassis General-purpose Chassis Portable Chassis 3U/6U Super Chassis PXI Mini Chassis Backplane Function Cards Compact PCI Power Supply Extension Card Programmable DC Power Supply Source Meter Cards Optical Power Meter Optical Spectrometer Applications: Test &Measurement Instrumentation System Integrator Telecommunications Military Customized Solutions Programmable DC Power Supply cpci Power Supply Source Meter Cards Optical Power Meter Optical Spectrometer Extension Card Mini Chassis General-purpose Chassis 3U/6U Super Chassis Portable Chassis 12

13 LED Testing LED Test System LED Wafer/Chip Prober ESD Test System LED Light Bar Test System LED Flash Bar Test System OLED Test System LED Thermal Resistance Test System LED Optronics Tri-temperature Test System Applications: LED OLED Laser Diode Customized Solutions OLED Test System ESD Test System LED Test System LED Wafer/Chip Prober LED Optronics Tri-temperature Test System LED Thermal Resistance Test System 13 LED Light Bar Test System

14 Sales Performance(Parent Only) Sales Revenue (NTD ) 3,203 T&M Instruments Automated Test Systems Others 2,480 2,649 49% 1,787 51% 1,421 1,364 1,550 55% 61% 54% 65% 59% 40% 43% 47% 25% 21% 29% 32% 21% 14% 12% 7% 5% 6% 4%

15 Business- Profile NT$ Million T&M YOY Sales 1, % 2, % 2, % 3, % 21% Gross Profit % 1,475 60% 1,514 57% 1,925 60% 27% G&A Exp R&D Exp % % % % Operating Income % % % 1,042 33% 31% 15

16 Sales By Testing Solution NT$ Million Product Q 06 1Q 07 Power Testing Sales 1,260 Sales 1,322 YOY 5% Sales 1,502 YOY 14% Sales 284 Sales 359 YOY 26% Video Testing % 346 4% % LCM Testing % % % Component Testing % % % IC Testing % % % Customized System % 77-8% % Total 2,361 2,492 6% 3,064 23% % 16

17 Income statement(parent only) QoQ Comparison NT$ Million 1Q 06 4Q 06 1Q 07 QoQ YoY Amt % Amt % Amt % % % Net Sales Cost of Sales Unrealized Gross Profit Gross Profit Operating Exp. General & Admin. R & D Exp. Operating Income Non-Operating Income Non-Operating Exp. Income before Tax Income Tax Net Income % 280 (10) % % % % % 277 (15) % % % % % 346 (5) % % 111* % % 18% 17% 40% 79% 58% 28% 33% 53% 48% 47% EPS(NT$) ** *1Q 07 Income from Investment : 11M from 100% Subsidiaries, 11M from WIRE Business, 34M from Wei Kuang. **EPS based on 276 million weighted average outstanding shares. 17

18 1Q 07 Summary Parent Revenue NT$899M, Wire Revenue NT$1,345M. T&M grows 29% to NT$864M, strong growth in Power, Video, LCM and Semiconductor ASFT. On YoY basis operating income grows 53% to NT$325M. Net income grows 47% to NT$334M. EPS grows 45% from NT$0.84 to NT$

19 2Q 07 Guideline Visibility high, expect continued sales growth. LCM ATS, Power Supply ATS & Automated System Function Tester(ASFT) continue strong growth. Launch new AC loads, Programmable DC Power Sources, CIS test system, LED test system. Launch PEM (Power Electronic Module) for Tesla Motors to activate Automotive Testing Application. Expand Mechatronics ( integrated production line process and testing automation) operation in Wei Kuang Automation Nanjing & Taipei. Integrate Sajet into Chroma s MES (Management Execution System) BU. Expand Xiamen, Xian, and Ganzhou sales office in China. 19

20 Financial Performance Net Income after Tax (NTD Million ) Earnings Per Share (NTD) ROE (%) ,

21 Financial Indicators- Consolidated NT$ Million Net Sales 3,778 5,037 6,002 6,526 8,511 Net Income ,010 EPS Total Assets 5,994 6,280 6,750 7, 276 7,975 Shareholders Equity 4,060 3,869 4,219 4,615 4,963 Cash Flow from Operation ROA ROE

22 Thank you very much 22