簡報資料

2015Q3
Investor conference
Strategic marketing
Jacky_Chou (周德雲)
Investor relations (IRO)
Vivian_Mao (毛廷方)
Sitronix Confidential. Do Not Copy or Distribute.
Brief Company Overview
Company Name
Sitronix Technology Corp.
Established
July 9,1998
Market capitalization
300M USD
Chairman and CEO
Vincent Mao
President
William Wang
Employees
320 (Group: 540)
Head office
Hsinchu, Taiwan
Sales office
Taipei, Shenzhen, Shanghai
IPO Listing
December 25, 2003
Subsidiaries
Head office
(Hsinchu Tai Yuen Hi-Tech Industrial Park, Taiwan)
Sitronix product strategy
Mobile display
(產品策略)
Industrial & Automotive display
Mobile
Display
Driver IC
Industrial
Display
Driver IC
Automotive
Display
Driver IC
(手機顯示器)
(工控顯示器)
(車載顯示器)
Subsidiaries
(89.97%)
SOC
Touch
Controller IC
( 觸控 IC 及
其他非顯示器 IC )
Subsidiaries
(87.12%)
(45.76%)
(69.53%)
2
Sitronix Confidential. Do Not Copy or Distribute.
Mobile Display Driver IC update
Small size DDI :
QQVGA(160x120) - Zero Cap.
QCIF(220x176) - Zero Cap.
QVGA(320x240) - Zero Cap.
WQVGA(400x240) - Zero Cap.
2014  > 450M pcs
Wearable / health care / sports devices / IOT …
Smartphone DDI :
WVGA_800x480 (13Q4 MP)
2014 
> 30M pcs
Smartphone DDI – 2015 :
HVGA_480x320 (14Q4 MP) - Zero Cap.
WVGA_800x480 (13Q4 MP)
HD720_1280x720 (14Q4 MP)
3
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SOC
(昇佳)
update
-- Light relative sensor
2012Q4 (MP)
Ambient Light Sensor
(環境光傳感器)
Smartphone market 
> 80M (2014)
2 in 1 P-sensor for smartphones:
CMOS Circuit
Standard P-sensor
ALS + P-sensor (IR LED)
P-sensor with motion gesture control (手勢偵測/控制_應用)
ALS + P-sensor with gesture (IR LED)
Proximity Sensor
 support 2D gesture control (2方向手勢控制)
 support 4D gesture control (4方向手勢控制)
(距離傳感器)
CMOS circuit
P-sensor with small sensor hole (小孔徑_應用)
ALS + P-sensor (Laser)
-- MEMS sensors
Accelerometer
(加速度傳感器)
CMOS Circuit
MEMS Process
2013Q4(MP)
Tablet PC market
 > 20M pcs (2014)
2014Q4(MP) ~ 2015
Smart phone market
4
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SOC
Touch Products
Support touch + DDI
total solution
Industrial
C-Touch
•中央資訊顯示器 (CID)
•車載音響導航顯示器 (Audio)
•後座娛樂顯示器 (Entertainment)
Automotive
STN / Mono TFT
•車用音響顯示 (Audio)
•車載儀表顯示(Dashboard)
Color TFT
•中央資訊顯示器 (CID)
•車載音響導航顯示器 (Navigation)
•後座娛樂顯示器 (Entertainment)
Smartphone
In-cell touch  TDDI
• Smartphone display driver with touch
5
Sitronix Confidential. Do Not Copy or Distribute.
I & A Display Driver IC update
Industrial DDI :
2014
 > 250M pcs
Medical devices
Health care products
Wearable & sport devices
Automotive DDI :
7~ 9 inch display
< 6 inch display
6
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Internet of things (IOT) _ 物聯網相關應用
Smart Home  STN / TFT driver IC / ABL sensor / P-sensor
Smart Grid (Electric / water / Gas meter )  TN / STN driver IC
Wearable devices  STN / TFT driver IC / ABL sensor / G-Sensor / Touch IC
Internet of Vehicles  TN / STN / mono TFT / color TFT display driver IC
G1
G2
Wearable device
G3 +
RF
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7
Application penetration by product line
Consumer
Industrial
Automotive
STN DDI
V
V
V
s_TFT DDI
V
V
V
m-TFT DDI
V
V
V
Touch
controller
V
V
-
Power IC
V
V
-
MCU / DSP
V
-
-
Light sensor
V
-
-
MEMS sensor
V
-
-
Product line
8
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2014~2015 Monthly revenue review
(K)
ntd
1
2
3
4
5
6
7
8
9
10
11
12
Total
2013
481,202
360,529
562,878
514,822
470,939
436,088
533,193
559,603
610,670
611,181
587,379
609,179
6,337,663
Quarterly
amount
2014
YoY Quarterly
Month amount
15.0%
1,404,609
553,150
416,200
560,904
19.0%
1,421,849
612,759
610,847
574,885
18.7%
1,703,466
632,679
689,981
762,372
21.1%
1,807,739
739,879
700,228
741,265
7,595,150
19.8%
15.4%
-0.4% 1,530,254
29.7%
31.8% 1,798,491
23.3%
2015
YoY
Month
790,106
528,502
780,067
42.8%
737,812
641,564
703,388
20.4%
770,813
811,272
21.8%
Quarterly
amount
27.0%
39.1%
37.1%
2,098,675
5.0%
22.4%
YoY
Quarter
15.8%
2,082,764
17.6%
24.8% 2,085,032
19.2%
21.7% 2,181,372
5,763,524
Jan.~Aug.
23.9%
Revenue by product mix (Quarterly) _季營業額依產品別
19.8 %
22.4 %
2012
Sitronix Confidential. Do Not Copy or Distribute.
2013
2014
2,098 2,082
2015
10
2012~2014 Revenue & EPS review
YoY growth
19.8 %
2015上半年(1H)合併營收 :
營收淨額
4,181,439 千元
YoY (1H)
+ 25.61 %
2,098
7595M
2014(f)
2,082
YoY growth
22.4 %
2015
6338M
2013
2014
YoY growth
13.3 %
2013
2012
Year
2015
2014
2013
2012
5178M
2015上半年(1H)合併營業利益 :
營業淨利
418,512 千元
營業利益率 10.01%
營業毛利率 27.15%
EPS (1H)
2.98 (YoY: +21.6%)
Q1
Q2
Q3
EPS
GM
EPS
GM
1.65
1.22
0.72
0.61
29%
1.33
1.23
0.77
0.87
25%
29%
24%
29%
27%
26%
26%
2012
Q4
Annual
EPS
GM
EPS
GM
EPS
GM
1.60
0.99
0.78
26%
1.97
1.15
0.74
27%
6.02
3.63
3.01
27%
24%
24%
23%
24%
24%
25%
11
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2015 Growth  Mobile DDI + SOC ( P + G sensor )
19.8 %
22.4 %
Sensor 10%
13.3 %
2016 target
10,000M ntd
SP DDI – 8%
FP DDI -- 43%
Unit: M ntd
12
Sitronix Confidential. Do Not Copy or Distribute.
Thank you
Strategic marketing:
Jacky_Chou ( 周德雲 )
Tel: +886-2-2659 1276 Ext: 2206
Mobile phone : +886 922 443 880
E-mail: [email protected]
Sitronix Confidential. Do Not Copy or Distribute.
2015Q2 Consolidated income statement (合併營收季報)
Item
Net Sales
(營業收入淨額)
2Q15
1Q15
Results
Results
2,082,764
2015
1-6
2,098,675
4,181,439
4Q14
3Q14
2Q14
1Q14
Results
Results
Results
Results
2,181,372
2,085,033
1,798,491
2014
Total
7,595,150
1,530,254
Gross Profit
(銷貨毛利)
525,675 25%
609,386 29% 1,135,061
591,124 27%
539,932 26%
497,039 27%
437,647 29% 2,065,742 27%
Operating
Expense
(營業費用)
350,335 17%
366,214 18%
716,549
385,002 18%
335,410 16%
311,214 17%
285,622 19% 1,317,248 17%
Operating
Income
(營業淨利)
175,340
8%
243,172 11%
418,512
206,122
9%
204,522 10%
185,825 10%
152,025 10%
748,494 10%
Income before
Tax
(稅前淨利)
179,122
8%
241,853 12%
420,975
269,520 12%
231,901 11%
177,955 10%
168,400 11%
847,776 11%
Net Income
(淨利)
153,078
7%
197,709
350,787
237,017 11%
195,579
146,576
139,402
718,574 10%
EPS(元)
1.33
2015
1.65
9%
2.98
1.97
1.60
9%
1.23
8%
1.22
9%
6.02
2014
註:採用 IFRS 編制基礎。
2015Q2 Consolidated Balance Sheet (合併資產負債表)
Item
2015/6/30
2015/3/31
2014/12/31
2014/9/30
2014/6/30
2014/3/31
7,299,798
6,788,601
6,322,702
5,428,314
5,350,411
5,422,818
5,614,364
5,058,980
4,626,392
4,140,921
4,102,502
4,167,250
1,260,175
1,285,325
1,198,436
1,461,285
839,208
1,232,547
AR
(應收帳款)
943,147
994,373
913,775
894,974
753,387
707,720
Inventory
(存貨)
1,759,585
1,317,271
1,048,468
935,256
1,213,008
1,332,576
Total Liability
(負債總計)
3,487,090
2,509,965
2,232,944
1,607,721
1,698,321
1,575,554
AP
(應付帳款)
1,293,716
1,054,514
964,759
812,049
675,301
794,596
Shareholder Eqt.
(股東權益)
3,812,708
4,278,636
4,089,758
3,820,593
3,652,090
3,847,264
Total Assets
(資產總計)
Current Assets
(流動資產)
Cash & Equivalents
(現金及約當現金)
註:採用 IFRS編制基礎。
SOC
(鈊創)
Products
-- DSP (Digital audio)
8/16/32 bit MCU
-- Card reader (e-Payment)
SOC
(極創)
Products
-- AC side Power management & PWM IC
Power Management IC
16
Sitronix Confidential. Do Not Copy or Distribute.