Holtek Semiconductor Inc. (6178) 2024Q2 法說會簡報
Company Overview
Holtek Semiconductor Inc. is a professional MCU IC provider, delivering flexible and diverse MCU solutions. The company was established in 1983 and has a history of 40 years. It is headquartered in the Science Park, Hsinchu, Taiwan, and has offices in Taipei, Xiamen, and Dongguan.
History and Locations
- Established: 1983
- Date of Incorporation: October 1, 1998
- Locations:
- Hsinchu Headquarter Office: 新竹營運及研發總部 (Hsinchu Operations & R&D Headquarters)
- Taipei Sales Office: 業務中心 (Business Center)
- Xiamen Technical Office B: 廈門海滄模組生產及封裝後測中心 (Xiamen Haicang Module Production & Post-packaging Testing Center)
- Xiamen Technical Office A: 廈門應用技術開發中心 (Xiamen Application Technology Development Center)
- Dongguan Sales Office: 東莞業務及應用服務總部 (中國地區) (Dongguan Business & Application Services Headquarters (China Region))
Employee Information
- Total Employees (as of 2024-06): 828
- Taiwan: 425
- China: 382
- USA/HK/INDIA: 1/8/12
Core Business and Focus
- Holtek Semiconductor focuses on the development and sales of microcontroller products and peripheral ICs.
- Product Development Directions:
- Smart Living & IoT: Covers health measurement, RF radio frequency, security protection, smart home appliances, sensor modules, and other application products.
- Green Energy: Power management, battery management, BLDC motor control, electromagnetic heating, solar inverters, and other application products.
Financial Highlights
Paid-in Capital
- NTD 2,262 Million (USD 71 Million)
Annual Operating Results
- 2024H1 Total Sales: NT$ 1,126 million (YOY -23.7%)
- 2023H1 Total Sales: NT$ 1,476 million
Consolidated Income Statement
| Metric | 2024/H1 | % | 2023/H1 | % | YOY % |
|---|---|---|---|---|---|
| 營業收入 (Operating Revenue) | 1,126 | 100.0 | 1,476 | 100.0 | -24 |
| 營業毛利 (Gross Profit) | 442 | 39.3 | 694 | 47.0 | -36 |
| 未實現營業毛利 (Unrealized Gross Profit) | 37 | 3.3 | 92 | 6.2 | -59 |
| 已實現營業毛利 (Realized Gross Profit) | 479 | 42.6 | 786 | 53.2 | -39 |
| 營業費用 (Operating Expenses) | 599 | 53.2 | 638 | 43.2 | -6 |
| 營業淨利 (Operating Income) | -119 | -10.6 | 148 | 10.0 | -181 |
| 營業外收入及支出 (Non-operating Income and Expenses) | 38 | 3.4 | -38 | -2.5 | -201 |
| 稅前淨利 (Profit Before Tax) | -81 | -7.2 | 110 | 7.5 | -173 |
| 歸屬於母公司本期淨利 (Net Profit Attributable to Parent Company) | -79 | -7.1 | 93 | 6.3 | -186 |
| EPS (NT$) | -0.35 | 0.41 |
Business Segments
MCU Revenue and Proportion
- 24Q2 Performance: YOY -13% ; QOQ +60%
- 2021 MCU sales: NT$5,637 million (79% of total sales) (YOY +29%)
- 2022 MCU sales: NT$4,842 million (80% of total sales) (YOY -14%)
- 2023 MCU sales: NT$2,056 million (79% of total sales) (YOY -58%)
- 2024H1 MCU sales: NT$832 million (74% of total sales) (YOY -30%)
MCU Shipments
- 24Q2 Performance: YOY +13% ; QOQ +60%
- 2021 MCU shipments: 877 KKpcs (YOY +5%)
- 2022 MCU shipments: 632 KKpcs (YOY -28%)
- 2023 MCU shipments: 298 KKpcs (YOY -53%)
- 2024H1 MCU shipments: 152 KKpcs (YOY -6%)
Products & Technologies
Key Technologies
- Wireless: BLE, NFC, 2.4GHz RF, Sub-1GHz RF
- Display Driver: LED, LCD, OLED, VFD
- Power Management: Regulator, Detector, DC-DC, AC-DC, PWM/PFM
- Interface: PS/2, USB, DaLi, UART, I²C, CAN bus
- MCU Core: HT8 & HT32 Arm® Cortex®
- BLDC Control: With sensor, sensorless PID, FOC
- Analog: RF/IF, PLL, 12~24bit A/D, D/A.., Op-Amp, RFID
- Memory: EEPROM, Flash, EPROM
- Audio/Video: Voice/Music Processor, CCD/CIS Processor
High-Efficiency Conversion & Energy Saving Technologies
- 直流無刷電機控制(變頻) (BLDC motor control (variable frequency))
- 電磁加熱 (Electromagnetic heating)
- 太陽能逆變器 (Solar inverters)
- Demonstrated CO2 emission reductions: BLDC Motor Control (96%), Induction Heating Control (37%), Power Inverter Control (52%).
Clients & Markets
Sales Region Proportion
- 2024/H1 total sales: NT$ 1,126 million (YOY -23.7%)
- A000: 1.6% (17) (+0.6%)
- S200: 11.0% (123) (-32.2%)
- S300: 17.4% (195) (-47.4%)
- S600: 70.0% (788) (-12.8%)
- 2023/H1 total sales: NT$ 1,476 million
- A000: 1.2% (17)
- S200: 12.4% (182)
- S300: 25.2% (372)
- S600: 61.2% (904)
ESG / Sustainability
Sustainability Commitment
- Promoting environmental sustainability, corporate governance, employee care, product responsibility, and social inclusion, and jointly committed to the sustainable development of the enterprise and the environment.
Outlook & Strategy
Future Outlook and Guidance
- Energy Storage Box Market Information (家儲/微電網系統 - Home Storage/Microgrid System):
- Global Portable Energy Storage Shipments Forecast 2019-2026 (單位: 萬台 - Unit: 10K units):
- 2021: 483.8
- 2022: 840.8
- 2023: 1251.8
- 2024: 1667.2
- 2025: 2242
- 2026: 3110
- Global Portable Energy Storage Shipments Forecast 2019-2026 (單位: 萬台 - Unit: 10K units):
Strategic Initiatives and Plans
- Upcoming Development Platforms:
- Energy Storage Box Complete Development Platform (即將推出儲能箱完整開發平台)
- Two-wheel/Three-wheel Electric Vehicle Complete Development Platform (即將推出兩輪/三輪電動車完整開發平台)
- Continuously Improving Various BLDC Motor Development Platforms (逐一完善各類型直流無刷電機開發平台)
Additional Data
Key Charts, Graphs, and Data Points
- Electromagnetic Heating MCU Cumulative Sales (IH Control MCU 累積銷售量):
- Cumulative shipments reached over 135KK.
- Security Protection Product Cumulative Sales (盛群 安全防護 MCU 累積銷售):
- From 2019 to 2023, Holtek's cumulative sales of security-related ASSP MCUs were approximately 161 million units.
- Health Measurement Product Cumulative Sales (Holtek 健康量測 MCU 累積銷售量):
- Cumulative sales of 257 million units between 2020 and 2023.
- BLDC Motor MCU Cumulative Sales (BLDC Motor MCU 累積銷售量):
- Cumulative sales reached approximately 70KK by 2023, showing strong growth from 2019.
- E-Scooter Charger MCU Cumulative Sales (E-Scooter Charger MCU 累積銷售量):
- Cumulative sales reached approximately 88KK by 2023, showing strong growth from 2020.