簡報資料(中文)

8016:TT
Investor Conferences
Q1 2016
Strategic Marketing Director
Jacky Chou 周德雲
0
Investor Relations Officer
Vivian Mao 毛廷方
Sitronix Confidential. Do Not Copy or Distribute.
關於我們
Company Name
Sitronix Technology Corp.
Established
July 9, 1998
Market capitalization 350M USD
Vincent Mao
President
William Wang
Employees
330 (Group: 565)
Headquarters
Hsinchu, Taiwan
Sales offices
Taipei, Shenzhen, Shanghai
IPO Listing
December 25, 2003
Subsidiaries
Headquarters
Tai Yuen Hi-Tech Industrial Park, Hsinchu, Taiwan
1
Chairman and CEO
產品策略
Mobile
Mobile display
display
Industrial
Industrial &
& Automotive
Automotive display
display
SOC
SOC
Mobile
Display
Driver IC
Industrial
Display
Driver IC
Automotive
Display
Driver IC
Touch
Controller IC
(手機顯示器)
(工控顯示器)
(車載顯示器)
其他非顯示器 IC )
Subsidiaries
(71.43%)
( 觸控 IC 及
Subsidiaries
(87.12%)
(45.76%)
2
(63.89%)
Sitronix Confidential. Do Not Copy or Distribute.
產品組合: 高成長 & 高毛利
High growth, low baseline
High gross margin &
niche markets
Mobile
MobileDDI
DDI
3
Touch
TouchProducts
Products
Sitronix Confidential. Do Not Copy or Distribute.
Mobile
Mobile Display
Display Driver
Driver Ics手機螢幕驅動晶片
Ics手機螢幕驅動晶片
Small
Small size
size DDI
DDI ::
QQVGA
QQVGA (160x120)
(160x120) -- Zero
Zero Cap.
Cap.
QCIF
QCIF (220x176)
(220x176) -- Zero
Zero Cap.
Cap.
QVGA
QVGA (320x240)
(320x240) -- Zero
Zero Cap.
Cap.
WQVGA
(400x240)
Zero
WQVGA (400x240) - Zero Cap.
Cap.
2014:
2014:
2015:
2015:
>
> 450M
450M pcs
pcs
>
500M
pcs
> 500M pcs
Wearable / healthcare / sports devices / IOT …
Smartphone
Smartphone DDI
DDI 2014-15:
2014-15:
HVGA
HVGA 480x320
480x320 (Q4
(Q4 14
14 MP)
MP) -- Zero
Zero Cap.
Cap.
WVGA
800x480
(Q4
13
MP)
WVGA 800x480 (Q4 13 MP)
HD720
HD720 1280x720
1280x720 (Q4
(Q4 14
14 MP)
MP)
>
> 30M
30M pcs
pcs
>
80M
pcs
> 80M pcs
HVGA
HVGA 480x320
480x320 (Q4
(Q4 14
14 MP)
MP) -- Zero
Zero Cap.
Cap.
WVGA
WVGA 800x480
800x480 (Q4
(Q4 15)
15) -- Zero
Zero Cap.
Cap.
HD720
HD720 1280x720
1280x720 (Q1
(Q1 16)
16) -- Zero
Zero Cap.
Cap.
FHD
1920x1080
(2016)
Zero
Cap.
FHD 1920x1080 (2016) - Zero Cap.
4
2014:
2014:
2015:
2015:
Smartphone
Smartphone DDI
DDI 2016:
2016:
Sitronix Confidential. Do Not Copy or Distribute.
昇佳
SOC
SOC
Light sensors
Smartphone
Smartphone market
market
Q4
Q4 2012
2012 MP
MP
2014:
>80M
2014: >80M pcs
pcs
2015:
2015: >100M
>100M pcs
pcs
Ambient Light Sensors
(環境光傳感器)
CMOS Circuit
2-in-1 P-sensors for smartphones
√ IR LED standard ABL + P-sensors
√ IR LED gesture control ABL + P-sensors
Proximity Sensors
(距離傳感器)
supports both 2D & 4D
√ Laser P-sensors with small sensor holes
CMOS circuit
MEMS sensors
CMOS Circuit
MEMS Process
Sitronix Confidential. Do Not Copy or Distribute.
2014
2014
Tablet
Tablet market
market
2015
2015 -- 2016
2016
Smartphone
Smartphone market
market
>
> 20M
20M (2015)
(2015)
5
Accelerometers
(加速度傳感器)
SOC
SOC
Touch Products觸控產品
C-Touch
STN / Mono TFT
•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)
Industrial
•車用音響顯示 (Audio)
•車載儀表顯示(Dashboard)
Touch + DDI
total solution
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)
Automotive
In-cell touch
TDDI
• Smartphone display drivers with touch
6
Smartphone
Sitronix Confidential. Do Not Copy or Distribute.
工控Industrial
工控Industrial Display
Display Driver
Driver ICs
ICs
Office Automation
&
Home automation
Industrial Instruments
Portable medical devices /
Healthcare products /
Wearable & sports devices
Industrial
Industrial display
display driver
driver IC
IC shipment
shipment
7
>250M
>250M pcs
pcs
Sitronix Confidential. Do Not Copy or Distribute.
車載Automotive
車載Automotive Display
Display Driver
Driver ICs
ICs
<
< 66 inch
inch displays
displays
77- 99 inch
inch displays
displays
Segment TN
Character TN
Graphic STN
Mono TFT
8
Color TFT
Sitronix Confidential. Do Not Copy or Distribute.
物聯網相關應用及產品供應商
Smart home
Smart grid
Sitronix Confidential. Do Not Copy or Distribute.
Smart city
Intelligent transportation systems
Electric vehicles
Internet of cars
9
Mobile internet devices
Mobile payment
Internet of Things (IOT) 物聯網相關應用
TN
TN // STN
STN // mono
mono TFT
TFT // color
color
TFT
TFT display
display driver
driver IC
IC
ABL
ABL sensors
sensors // P-sensors
P-sensors // GGsensors
sensors // ee ++ G-sensors…
G-sensors…
Power
Power IC
IC // Touch
Touch IC
IC //
Wearable devices
10
e-Payment
e-Payment MCU
MCU systems...
systems...
Sitronix Confidential. Do Not Copy or Distribute.
10
Consumer
Industrial
Automotive
STN DDI
V
V
V
s-TFT DDI
V
V
V
m-TFT DDI
V
V
V
Touch
controllers
V
V
-
Power ICs
V
V
-
MCU / DSP
V
-
-
P-sensors
V
-
-
MEMS sensors
V
-
-
Product line
11
市場滲透依產
市場滲透依產品線
11
Revenue by product 營收依產品類別
YoY 22.0%
YoY 19.8 %
YoY 22.4 %
Sitronix Confidential. Do Not Copy or Distribute.
2013
2014
2,098 2,082 2,473 2,610
2015
2015
12
2012
12
Monthly revenue 月營收, 2013 - 2016
NTD
thousands
2013
Quarterly
2014
YoY
Quarterly
2015
YoY
Quarterly
1
2
3
4
5
6
7
8
9
10
11
12
481,202
553,150
15.0%
790,106
42.8%
360,529
416,200
15.4%
528,502
27.0%
560,904
-0.4% 1,530,254
780,067
39.1% 2,098,675
514,822
612,759
19.0%
737,812
20.4%
470,939
610,847
29.7%
641,564
5.0%
574,885
31.8% 1,798,491
703,388
22.4% 2,082,764
533,193
632,679
18.7%
770,813
21.8%
559,603
689,981
23.3%
811,272
17.6%
762,372
24.8% 2,085,032
891,903
17.0% 2,473,988
611,181
739,879
21.1%
851,738
15.1%
587,379
700,228
19.2%
860,924
22.9%
741,265
21.7% 2,181,372
898,019
21.1% 2,610,681
YTD
6,337,663
562,878
436,088
610,670
609,179
1,404,609
1,421,849
1,703,466
1,807,739
7,595,150
19.8%
9,266,108
22.0%
2016
YoY
882,133
11.6%
882,133
11.6%
Sitronix Confidential. Do Not Copy or Distribute.
13
Unit: NTD thousands
Accounting standard: IFRS
13
營收 & EPS, 2012 - 2015
2,610
9.266B
2015
2,473
7.595B
2,098
2014
2,082
2015
6.338B
2013
2014
5.178B
2012
2013
2012
2015
2015
2014
2014
2013
2013
2012
2012
Q1
Q1
EPS
EPS
Q2
Q2
Q3
Q3
GM
GM
EPS
GM EPS
EPS
GM
EPS
1.65
29% 1.33
25% 1.97
1.65 29%
1.33 25%
1.97
1.22
29% 1.23
27% 1.60
1.22 29%
1.23 27%
1.60
Q4
Q4
GM
GM EPS
EPS
26%
26%
26%
26%
0.99
24%
0.99 24%
Annual
Annual
GM
GM
EPS
EPS
GM
GM
4.95
27%
4.95 27%
1.97
27% 6.02
27%
1.97 27%
6.02 27%
1.15
23% 3.63
24%
1.15 23%
3.63 24%
0.72
24% 0.77
26%
0.72 24%
0.77 26%
0.61
29% 0.87
26% 0.78
24% 0.74
24% 3.01
25%
0.61 29%
0.87 26%
0.78 24%
0.74 24%
3.01 25%
14
Year
Year
14
2016 成長動能: mobile DDI & SOC ( P & G sensors )
2011
2012
2013
2014
Gross
Margin
26%
25%
24%
27%
EPS
2.48
3.01
3.63
6.02
Cash
Dividend
2
2.5
3
4.5
15
Unit: $100 M NTD
15
Thank you
Investor Relations Officer
Vivian Mao 毛廷方
Tel: +886-2-2659 1276 Ext: 2395
Mobile phone : +886 918 378 547
E-mail: [email protected]
Web site: http://www.sitronix.com.tw
16
Strategic Marketing Director
Jacky Chou 周德雲
Tel: +886-2-2659 1276 Ext: 2206
Mobile phone : +886 922 443 880
E-mail: [email protected]
Office: 台北市內湖區瑞光路608
608號6
608 6樓
Sitronix Confidential. Do Not Copy or Distribute.
Q3 2015 合併損益表
Item
Net Sales
(營業收入淨額)
3Q15
2Q15
1Q15
Results
Results
Results
2,474,988
2,082,764
2,098,675
2015
1-9
4Q14
3Q14
2Q14
1Q14
Results
Results
Results
Results
6,656,427
2,181,372
2,085,033
1,798,491
2014
Total
1,530,254 7,595,150
651,189 26%
525,675 25%
609,386 29% 1,786,250
591,124
539,932
497,039
437,647 2,065,742 27%
Operating
Expense
(營業費用)
405,156 16%
350,335 17%
366,214 18% 1,121,705
385,002
335,410
311,214
285,622 1,317,248 17%
Operating
Income
(營業淨利)
246,033 10%
175,340 8%
243,172 11%
664,545
206,122
204,522
185,825
152,025
748,494
10%
Income before
Tax
(稅前淨利)
300,896 12%
179,122 8%
241,853 12%
721,871
269,520
231,901
177,955
168,400
847,776
11%
Net Income
(淨利)
242,063 10%
153,078 7%
197,709 9%
592,850
237,017
195,579
146,576
139,402
718,574
10%
4.95
1.97
1.60
1.23
1.22
6.02
EPS(元)
1.97
1.33
2015
1.65
2014
Unit: NTD thousand (except EPS)
Accounting standard: IFRS
17
Gross Profit
(銷貨毛利)
Item
2015/9/30
2015/6/30
2015/3/31 2014/12/31 2014/9/30 2014/6/30 2014/3/31
Total Assets
(資產總計)
6,515,668
7,299,798
6,788,601
6,322,702
5,428,314
5,350,411
5,422,818
4,808,743
5,614,364
5,058,980
4,626,392
4,140,921
4,102,502
4,167,250
Cash & Equivalents
(現金及約當現金)
1,127,178
1,260,175
1,285,325
1,198,436
1,461,285
839,208
1,232,547
AR
(應收帳款)
1,056,958
943,147
994,373
913,775
894,974
753,387
707,720
Inventory
(存貨)
1,486,743
1,759,585
1,317,271
1,048,468
935,256
1,213,008
1,332,576
Total Liability
(負債總計)
2,385,566
3,487,090
2,509,965
2,232,944
1,607,721
1,698,321
1,575,554
972,241
1,293,716
1,054,514
964,759
812,049
675,301
794,596
4,130,102
3,812,708
4,278,636
4,089,758
3,820,593
3,652,090
3,847,264
Current Assets
(流動資產)
AP
(應付帳款)
Shareholder Eqt.
(股東權益)
Unit: NTD thousand
Accounting standard: IFRS
18
Q3 2015合併資產負債表
SOC
SOC
鈊創
-- DSP (digital audio)
8/16/32 bit MCU
-- Card reader (e-Payment)
SOC
SOC
極創
-- AC side power management & PWM IC
19
Power Management IC
Sitronix Confidential. Do Not Copy or Distribute.
多元化應用
Smartphone
Smartphone DDI
DDI
Automotive
Automotive DDI
DDI
20
Small-size
Industrial DDI
DDI
Small-size color
color TFT
TFT DDI
DDI Industrial
Sitronix Confidential. Do Not Copy or Distribute.