Ventec International Group (騰輝電子) 2025-Q1
Company Overview
- Company Name: Ventec International Group (騰輝電子)
- Slogan: Wherever technology takes you, we deliver
- Website: www.venteclaminates.com
- Copyright: ©2022 Ventec International Group
Corporate Values
- Innovate
- Quality & Reliability
- Speed to Market
- Share
- Cost Efficiency
- Cooperate
- Network
- Local Service & Distribution
Sustainable Operations (永續經營)
-
Environmental Protection (環境保護):
- Regular sustainability reports and carbon reduction plans.
- Striving to reduce energy consumption and improve resource efficiency.
-
Social Responsibility (社會責任):
- Supporting local communities and labor rights.
- Engaging in public welfare and local social development.
-
Corporate Governance (公司治理):
- Transparent decision-making and accountability systems.
Global Layout, Local Service (全球布局,在地服務)
-
Manufacturing Locations:
- Suzhou (China), Jiangyin (China), Shenzhen (China), Taiwan, Thailand (planned for 2025).
-
Service Centers & Sales Offices:
- Locations include Fullerton (USA), Chicago (USA), Toronto (Canada), Germany, Italy, Singapore, Japan, Korea, Taiwan, and more.
Global Manufacturing Bases (全球制造基地)
| Location | Established | Area (sqm) | Capacity (sheets/month) | Certifications |
|---|---|---|---|---|
| Suzhou Plant | 2000 | 67,000 | 800,000 (67%) | IATF 16949, ISO 14001, OHSAS 18001, AS 9100 Rev D |
| Jiangyin Plant | 2005 | 20,000 | 200,000 (16%) | ISO 9001 |
| Shenzhen Plant | 2009 | 8,500 | 100,000 (8.5%) | ISO 9001 |
| Taiwan Plant | 2011 | 7,060 | 100,000 (8.5%) | ISO 9001, IATF 16949 |
| Thailand Plant | 2025 (Future) | 40,000 | 100,000 (Phase 1) | --- |
Technical Organization and R&D Team (技術組織與研發團隊)
- Leadership: CEO & CTO
- R&D Centers: Suzhou R&D, Taiwan R&D Team
- R&D Personnel: 55 people including university researchers and external consultants.
Key Quality Certifications (關鍵品質認證)
- AS9100 CERTIFIED, ISO 9001, UL, IATF 16949 CERTIFICATION, and more.
Asia's Only: Aerospace AS9100 Certification (亞洲唯一:航空航太 AS9100認證)
- Commitment to DOD, NASA & FDA quality requirements.
Financial Highlights and Key Metrics
1Q25 Income Statement (1Q25損益表)
| Item | 2025 Q1 | 2024 Q4 | 2024 Q1 | QoQ | YoY |
|---|---|---|---|---|---|
| 營業收入 (Revenue) | 1,022 | 1,029 | 1,075 | -0.6% | -4.9% |
| 銷貨毛利 (Gross Profit) | 349 | 332 | 373 | 4.9% | -6.5% |
| 營業費用 (Operating Expenses) | 260 | 282 | 276 | -7.7% | -5.6% |
| 營業淨利 (Operating Income) | 88 | 50 | 97 | 76.3% | -8.9% |
| 稅前淨利 (Pre-tax Income) | 98 | 89 | 109 | 9.5% | -9.7% |
| 本期淨利 (Net Income) | 75 | 83 | 89 | -9.4% | -16.0% |
| 每股盈餘(NT$) (EPS (NT$)) | 1.05 | 1.16 | 1.25 |
Key Financial Indicators (重要財務指標)
| Item | 2025 Q1 | 2024 Q4 | 2024 Q1 |
|---|---|---|---|
| 毛利率 (Gross Margin) | 34.11% | 32.31% | 34.70% |
| 營業費用率 (Operating Expense Ratio) | 25.46% | 27.44% | 25.67% |
| 營業利益率 (Operating Profit Margin) | 8.64% | 4.87% | 9.03% |
| 淨利率 (Net Profit Margin) | 7.33% | 8.04% | 8.30% |
1Q25 Balance Sheet (1Q25 資產負債表)
| Item | 2025 Q1 | 2024 Q4 | 2024 Q1 |
|---|---|---|---|
| 資產總額 (Total Assets) | 5,091 | 4,869 | 4,975 |
| 現金及約當現金 (Cash & Equivalents) | 1,231 | 965 | 1,046 |
| 應收帳款 (Accounts Receivable) | 1,304 | 1,299 | 1,332 |
| 存貨 (Inventory) | 769 | 727 | 791 |
| 固定資產 (Fixed Assets) | 949 | 952 | 984 |
| 負債總額 (Total Liabilities) | 1,732 | 1,395 | 1,801 |
| 短期借款 (Short-term Borrowings) | 59 | 0 | 0 |
| 股東權益總額 (Total Equity) | 3,359 | 3,474 | 3,174 |
Key Financial Ratios (重要財務指標)
| Item | 2025 Q1 | 2024 Q4 | 2024 Q1 |
|---|---|---|---|
| 應收帳款週轉天數 (Days Receivable) | 115 | 112 | 112 |
| 存貨週轉天數 (Days Inventory) | 113 | 108 | 112 |
| 應付帳款週轉天數 (Days Payable) | 69 | 61 | 68 |
| 股東權益報酬率(%) (ROE (%)) | 9 | 11 | 11 |
| 資產報酬率(%) (ROA (%)) | 6 | 8 | 7 |
| 負債比(%) (Debt Ratio (%)) | 34 | 29 | 36 |
Historical Dividends (歷史股利)
| Year | Dividend | EPS | Payout % |
|---|---|---|---|
| 2017 | 1.00 | 5.40 | 18.5% |
| 2018 | 3.66 | 6.75 | 54.2% |
| 2019 | 5.00 | 6.85 | 73.0% |
| 2020 | 3.20 | 5.28 | 60.6% |
| 2021 | 6.60 | 11.72 | 56.3% |
| 2022 | 3.60 | 6.60 | 54.5% |
| 2023 | 3.35 | 6.08 | 55.1% |
| 2024 | 3.35 | 5.01 | 66.9% |
Recent Performance and Results
Revenue & Gross Margin (營收&毛利率) (1Q21 to 1Q25)
-
Revenue (NTD Million) (1Q21 to 1Q25):
- 1Q21: 1,609.7
- 1Q22: 1,719.7
- 1Q23: 1,171
- 1Q24: 1,075
- 1Q25: 1,022
-
Gross Margin (%):
- 1Q21: 33.01%
- 1Q22: 25.94%
- 1Q23: 30.45%
- 1Q24: 34.70%
- 1Q25: 34.11%
Quarterly Product Mix (逐季产品组合)
| Quarter | General | Special | Other |
|---|---|---|---|
| 1Q21 | 63.1% | 32.7% | 4.2% |
| 2Q21 | 66.2% | 29.5% | 4.3% |
| 3Q21 | 68.5% | 26.8% | 4.6% |
| 4Q21 | 67.6% | 29.0% | 3.4% |
| 1Q22 | 61.5% | 35.4% | 3.0% |
| 2Q22 | 52.4% | 45.1% | 2.5% |
| 1Q24 | 38.9% | 58.5% | 2.6% |
| 1Q25 | 39.8% | 53.5% | 6.7% |
Future Outlook and Guidance
- Military/Aerospace + Semiconductor Testing Market:
- Expected 10% CAGR over the next three years.
- Targeting a 30% market share in this materials sector.
Strategic Initiatives and Plans
Product Strategy (產品策略)
- Development Focus:
- 5G/6G High Frequency & High Speed
- Automotive, Aerospace, Medical & AI Applications
- High Reliability Substrates
- Semiconductor Related Industries
Strategy for Revenue & Gross Margin (營收&毛利率)
- Focus on Niche Markets: Less price competition, enhancing product portfolio.
Product Roadmap: High Speed/Low Loss (產品路線圖:高速/低損耗)
- Benchmarking against leading competitors, with emphasis on high speed and low loss.
Key Charts, Graphs, and Data Points
- Visual representations showcasing revenue and gross margin trends, product mix breakdown, and historical dividends.
Important Product Names, Terms, and Concepts
Products and Technologies
-
Core Technologies: Formulation and Coating Processes
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Product Series:
- tec-speed series (高速/低損耗)
- thermal-bond series (散熱材料)
- pro-bond series (膠膜產品)
Applications/Industries
- Focus on strategic sectors including automotive, aerospace, medical, semiconductor, and more.