Operation results. SUNONwealth Electric. Machine Industry Co., Ltd 建準 TW / 2421 TT. Page 1

Transcription

1 建準 2421 SUNONwealth Electric Machine Industry Co., Ltd 2017 Operation results 2421.TW / 2421 TT Page 1

2 Safe Harbor Notice This presentation is based on the information obtained from various sources which the Company believes to be reliable. But at some point in the future, there are a variety of factors which could cause actual results to differ materially from those statements. Therefore, please refer to the information on MOPS website as the main basis if any adjustment has been made. ( Page 2

3 Thermal & Thermal Management All electronic devices and circuitry generate excess heat and thus require thermal management to improve reliability and prevent premature failure. The amount of heat output is equal to the power input, if there are no other energy interactions.there are several techniques for cooling including various styles of heat sinks, thermoelectric coolers, forced air systems and fans, heat pipes, and others. Passive Cooling Active Cooling Heat sinks Heat pipes Vapor chamber Liquid cooling Cooling Fan From Wikipedia, the free encyclopedia Page 3

4 Thermal Module Thermal Module Chip TIM Copper Heat pipes Heat sinks Fan Ambient temperature Heat heat transfer heat dissipation meet system Operating temperature Photo source: Internet Page 4

5 Cooling Fan (Server) Photo source: Internet Page 5

6 Cooling Fan (Auto) Page 6

7 37 YEARS Innovative Energy-Saving Motor Design & Technology Company Overview Established:1980 Employees : 500 people (Taiwan) 7400 people (China) Turnover :NTD$ Bn (Y2017) Factories :Kaohsiung Plant (Taiwan) Kun Shan Plant (China) Foshan Plant (China) Beihai Plant (China) Hefei Plant (China) Motor 0.1W Fan 3mm 80mm 200mm 630 mm 3000mm 1500 Watts 7000mm Fan 8mm-630mm HVLS Fan and motor ~7000mm Page 7

8 Growth Pattern Million (NTD) PM2.5 Air Purifier and Automotive electronics Received orders from STB and automotive manufactures SUNON enters LED lighting industry Became the only supplier for Philips Received order from major telecom manufacture Financial Crisis Received orders from Cisco, ZTE, Huawei major telecom and Cloud Data manufactures Focus on Micro Cooling Device The only supplier for NB OEM SUNON enters Cloud Data Center Received orders from Facebook and Google Page 8

9 SUNON Research PANTENTS Page 9

10 Global Support Over 1,000 sales representatives, 12 subsidiaries and offices, and over 130 distributors around the world. 7 research centers which provide a worldwide technological service network for quick and efficient services. Europe Research Center China / Foshan Research Center China / Kunshan Research Center Taiwan Research Center Taiwan Taipei Research Center Japan/ Yokohama Research Center U.S.A. Research Center Page 10

11 World Leading Motor Technology MagLev System Shockproof System Ultra Thin Energy Efficient Sound Quality Analysis 3mm Thickness 92% efficiency Page 11

12 Outstanding Technology MAGNETIZATION SIMULATION ANALYSIS MOTOR EFFICIENCY ANALYSIS VIBRATION FREQUENCY SPECTRUM ANALYSIS MATERIAL ANALYSIS AND RESEARCH Total motor, thermal, ventilation solution SOUND QUALITY ANALYSIS THERMAL ANALYSIS STRUCTURAL SIMULATION ANALYSIS HIGH VOLTAGE DIRECT CURRENT(DC) ELECTRICITY Page 12

13 SUNON Product Line Motor Fan Ventilation System Cooling Module Page 13

14 Fan & Blower Fan Size 8mm- 630mm DC Axial Fan DC Blower AC Axial Fan Fan Tray Mighty Mini Fan Water proof Fan Explosion-proof Fan Dual Blower EC Axial Fan EC Blower EC Centrifugal Fan Page 14

15 Cooling Module Passive Cooling Module Active Cooling Module Liquid cooling Module Page 15

16 Motor Highly Energy efficient motor 0.1W ~ 1500W The application of high horsepower motors Page 16

17 Ventilation Eco ventilation solution Ventilation Fan HVLS Ceiling Fan Flow2 One Case Study Page 17

18 Products Application 50% 40% % 36.1% 30% 20% 15.6% 16.0% 17.6% 20.4% 10% 0% 2.0% 1.9% 3.9% 4.2% 9.0% 10.7% 10.5% 10.7% LED Lighting Automobile Distribution Home Industrial Telecom & IT & OE Appliances Medical E. Server Page 18

19 Revenue Performance UNIT: NTD (K) 12,000,000 10,000,000 8,000,000 Revenue Growth rate 9,533, % 8,256,495 7,708,731 10,109,156 10,690,822 10,946,728 18% 16% 14% 12% 6,000,000 10% 8% 4,000,000 2,000, % 6.0% 5.8% 2.4% Y2012 Y2013 Y2014 Y2015 Y2016 Y2017 6% 4% 2% 0% Page 19

20 Profit Margin 30% Gross Margin 21.98% 22.95% 23.33% 21.35% 22.42% 10% 17.53% 20.47% 22.86% 23.47% 22.59% 22.43% 19.69% 21.14% 22.44% 20.32% -10% 10% 8% 6% 4% 2% 0% 10% 8% 6% 4% 2% 0% Q1 Q2 Q3 Q4 Y Y2015 Y2016 Y2017 Operating Margin 6.01% 7.92% 8.15% 6.39% 6.51% 6.50% 5.92% 4.34% 3.46% 2.67% 0.83% 7.81% 8.24% 5.39% Q1 Q2 Q3 Q4 Y Net Margin 5.12% 3.07% 2.26% 1.30% 5.66% 7.36% 6.42% 6.44% 6.29% 6.32% 6.74% 5.05% Q1 Q2 Q3 Q4 Y 4.44% 5.51% 6.91% 6.01% Page 20

21 Earning & Cash Dividend UNIT: NTD EPS Cash Dividend Y2012 Y2013 Y2014 Y2015 Y2016 Y2017 Payout R % 81.97% 79.47% 84.75% 87.72% 87.79% Page 21

22 Medium Term Drivers Automobile EC motor for HVACR IoT & Industry 4.0 5G Application AI/HPC & Cloud Computing Home Application VR MR AR Gaming Air Purifier Photo source: Internet Page 22

23 Appendix I CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Growth YOY(%) NT$ M OPERATING REVENUES 8,256 9,533 10,109 10,691 10, % 6.04% 5.76% 2.39% GROSS PROFIT 1,780 1,953 2,054 2,398 2, % 5.17% 16.75% 2.34% INCOME FROM OPERATIONS % 5.02% 58.31% 8.78% INCOME BEFORE INCOME TAX % 11.24% 42.64% 1.08% NET INCOME attribute to owners % 16.62% 29.41% 14.86% EPS (NT$) Gross Margin 21.56% 20.49% 20.32% 22.43% 22.42% Operating Margin 4.66% 4.38% 4.34% 6.50% 6.91% Net Margin(*) 3.71% 3.98% 4.37% 5.35% 6.01% (*)Net Margin=Net Income attribute to owners / Revenue Page 23

24 Appendix II CONSOLIDATED BALANCE SHEETS Growth YOY(%) NT$ M TOTAL ASSETS 6,778 7,324 7,523 8,391 8, % 2.72% 11.54% 5.03% Cash 1, ,269 1,338 1, % 32.05% 5.44% 3.66% A/R, N/R 2,001 2,440 2,439 2,871 2, % -0.04% 17.71% -5.12% Inventories 1,154 1,338 1,480 1,377 1, % 10.61% -6.96% 26.65% PP&E 1,814 1,810 1,775 2,182 2, % -1.93% 22.93% 5.13% TOTAL LIABILITIES 3,067 3,364 3,516 4,324 4, % 4.52% 22.98% 7.28% Short-term loans % -6.64% -2.16% 40.09% A/P 1,653 1,934 2,084 2,469 2, % 7.76% 18.47% 3.28% Long-term loans TOTAL EQUITY 3,711 3,960 4,007 4,067 4, % 1.19% 1.50% 2.63% Days sales outstanding Days sales of inventory Current Ratio Page 24

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