2017 法人說明會 ( 香港 )
免責聲明 本簡報中所提及之各種資訊等相關內容, 乃是建立在本公司從內部與外部來源所取得的資訊為基礎, 至於未來實際所可能發生的營運結果 財務狀況以及業務成果, 可能與這些明示或暗示的資訊有所差異, 其原因可能來自於各種因素, 包括但不限於市場風險 供應鏈 市場需求, 以及本公司持續推出高品質產品能力等因素 本公司對於這些看法, 未來若有任何變更或調整時, 本公司並不負責隨時再度提醒或更新
公司概況 公司名稱 主要營業項目 成立時間 實收資本額 員工人數 營運地點 祥碩科技股份有限公司 高速類比電路之設計 開發 生產 製造 2004 年 3 月 24 日 新台幣 6 億元 210+ (85% engineering) 新北市, 台灣 股票代號臺灣證券交易所 : 5269 董事長 總經理 沈振來先生 林哲偉先生 Environment Friendly & Hazardous Material Free
發展歷程 2009 ASM1051 USB 3.0 Device Controller Certified 2010 ASMedia ISO 9001 Certified 2011 ASM1051 Listed as USB Known Good Device 2012 ASMedia Solution On Thunderbolt Reference Design 2009 2017 2011 ASM1042 USB 3.0 Host Controller Certified 2016 2012 ASMedia IPO Symbol: 5269 USB 3.0/3.1 devices shipment over 170M. 2016/2017 2 nd / 3 rd Gen USB3.1/10G host and 1 st type C integrated device 2014 the 1 st SATA-Express Host Controller 2014/2015 Introduced the world 1 st USB 3.1 Host & Device Silicon MP 2015
高速產品市場的契機 Driven by the high density of data traffic High Speed Links The World
高速晶片產品技術趨勢 Gen4 16G 32G Legacy 10G 20G Gen3 8G Gen 5 32G
祥碩產品與成長策略 Bandwidth upgradability Speed and Performance enhancement, spec migration for High speed Link PCIE USB SATA Platform design flexibility Singling, timing, functional improvement Signal switch Type C mux Re timer Re driver Component Integration BOM Cost reduction and foot print shrinkage Power module Type C Mux, CC logic Port count Expansion Broaden the usability, market Segment and product portfolios Multiport SATA PCIE packet switch USB Hub
祥碩市場定位 緊密的客戶與供應鏈關係 Branded PC, Mother Vendor and NB players, Server, Gaming system NAS, Thunderbolt, USB device, router, embedded platform etc. World class TSMC, ASE and SPIL as supply chain partners USB 產業的領導者 Host as PDK and Device as Known Good Devices (KGD) World leading USB3.1/ 10G host controller and Type C application on Major MB, DT and NB On track for next gen USB 3.2/ 20G Lane Bonding Development 外接式 USB 儲存裝置市場領導者 No.1 market share 70% of External USB storage enclosure Trusted and Selected by all major Hard Drive brand Major supplier for World tier 1 External SSD controller Continue to lead the USB to PCIE NvME SSD for high bandwidth design 新技術的領導者 Solution providers for Thunderbolt technology devices Selected as reference design solutions by Intel and AMD Market leader for USB Re-driver and Re-timer PCIe Gen 3 Packet switch in place and PCIe Gen 4 in development
ASMedia High Speed product line up Leading USB 3.1 Gen 1, Gen2 host and devices Market leader for USB 3.1 host and device Integrated CC and Mux to support Type C for upcoming booming storage device Carry the market lead for USB 3.2 design Full line up for SATA interface storage USB to SATA, PCI to SATA and SATA to SATA USB to PCIE MvMe Solid PCIe portfolios PCIe to PCI legacy PCIe Gen 2, PCIe Gen3 packet switch Complete high speed Signal switch, re-timer, re-driver line up HDMI, DP switch, Type C mux, SATA, USB and PCIE etc. and re-driver and re-timer.
主要產品與應用 ReDrivers Signal Switches Host Controllers Customized Design Device Controllers
USB Device Controllers USB 3.0 Hub Controller USB 3.0 to SATA 6G USB 3.1 to SATA 6G
PCI Express Bridge Controllers
SATA Controllers 6 Gb/s Multi-Bay Storage CCTV DVR Devices RAID Protected DAS/NAS
Switches & Re-Timer High Speed GHz Switches SATA 6Gbps PCI Express USB 3.1 HDMI & DP USB Type C Switch USB Type C Switch w. cc logic High Speed Signal Re-Timer, Re-Driver USB 3.1 Gen 1 /5G USB3.1 Gen2/ 10G SATA3/6Gbps
ASMedia s - New business model (OEM ASIC) Key to Success and Growth Industry leader of advance technologies Experienced and skillful silicon design, verification team in the field of High Speed Interfaces Leverage intensive internal developed technology & IP portfolios Proven IPs, design and products in the market Proven business model of customized ASIC, product integration, and engineering support
Financial Results
營收 - 產品別 ( 單位 : 美金百萬元 ) $64 $76 高速介面 控制晶片, 83% 裝置端高速介面控制晶片及 其他, 17% $50 $49 $40 $63 $47 $26 $14 $29 $31 $22 $18 $16 $13 2013 2014 2015 2016 2017(1-9) Revenue 2013 2014 2015 2016 2017(1-9) 高速介面控制晶片 裝置端高速介面控制晶片及其他
營收與毛利 ( 單位 : 美金百萬元 ) 47% 47% $76 38% 42% $64 44% $50 $49 $40 $30 $34 $21 $23 $15 2013 2014 2015 2016 2017(1-9) Revenue Gross Margin G/M %
營業費用 營業費用佔營業收入比重 35% 研發費用佔營業費用比重 78% 78% 78% 28% 28% 28% 18% 74% 73% 2013 2014 2015 2016 2017(1-9) Operating Expense 2013 2014 2015 2016 2017(1-9) R&D Expense
淨利與 EPS ( 單位 : 美金百萬元 ) $8 $7 Net Income $11 $10 $16 $3 2013 2014 2015 2016 2017(1-9) 2017(1-9) $4.04 $3.66 EPS $6.19 $5.17 $8.11 $1.54 2013 2014 2015 2016 2017(1-9) 2017(1-9) 不含訴訟和解金
損益表 不含訴訟和解金 ( 單位 : 新台幣千元 ) 3Q17 2Q17 3Q16 QoQ YoY 2Q17 營業收入 813,661 814,792 626,086-0.14% 29.96% 814,792 營業毛利 385,966 340,159 283,727 5.62% 16.33% 338,372 營業費用 (156,056) (130,467) (144,394) -3.14% -1.86% (153,776) 營業淨利 229,910 209,692 139,333 2.48% 14.47% 184,596 營業外收 ( 支 ) 6,296 (214,882) (12,219) 27.15% 2.96% 13,267 稅前淨利 236,206 (5,190) 127,114 29.63% 17.42% 197,863 所得稅費用 (26,574) (10,413) (13,322) -1.98% -2.12% (37,626) 稅後淨利 209,632 (15,603) 113,792 27.64% 15.31% 160,237 基本每股盈餘 3.51 (0.26) 1.91 2.68
主要資產負債項目 ( 單位 : 新台幣千元 ) 2014/12/31 2015/12/31 2016/12/31 2017/9/30 Amount % Amount % Amount % Amount % 現金及約當現金 827,196 56% 994,782 61% 960,418 48% 833,202 42% 應收帳款 241,985 17% 188,144 12% 333,718 17% 489,146 24% 存貨 201,435 14% 210,640 13% 420,723 21% 375,388 19% 總資產 1,465,322 100% 1,624,883 100% 2,002,892 100% 2,003,613 100% 負債 221,596 15% 279,327 17% 446,554 22% 385,951 19% 股東權益 1,243,726 85% 1,345,556 83% 1,556,338 78% 1,617,662 81%