鴻準精密工業股份有限公司 (Foxconn Technology Corp.) [2354.TW] 2024Q4 法說會簡報
Company Overview
- 公司名稱：鴻準精密工業股份有限公司 (Foxconn Technology Co. Ltd.)
- 股票代號：2354.TW
- 發言人：林鈺凱 (YuKai Lin)
- 電子郵件：IRPR@ftc-Foxconn.com
- 地址：新北市土城區中山路3之2號 (3-2, Zhongshan Road, Tucheng Dist., New Taipei City 236, Taiwan)
Current Business & Outlook
1. Gaming Machine Technology Development (遊戲機技術發展)
- Gaming Console (遊戲主機)
- 三明治基板技術 (Sandwich Substrate Technology)
- 金屬IM技術 (Metal IM Technology)
- Gaming Controller (遊戲手把)
- 一體化成形技術 (Integrated Molding Technology)
- 外觀處理技術 (Surface Treatment Technology)
- 3D磁力感測技術 (3D Magnetic Sensing Technology)
- Gaming Peripherals (遊戲周邊)
- 毫米波雷達偵測技術 (Millimeter Wave Radar Detection Technology)
- 力量感測技術 (Force Sensing Technology)
2. Thermal Module Technology Development (散熱模組技術發展)
- 金屬特性及製程 (Metal Properties & Processes)
- 高導熱壓鑄材料
- 銅粉末冶金
- 深耕相變化關鍵零件 (Deep Cultivation of Phase Change Key Components)
- 薄型熱管
- 均熱板 (Vapor Chambers)
- 薄膜沸騰強化 (Thin Film Boiling Enhancement)
- 製程
- 結構
- Applications by TDP (Thermal Design Power)
- Server / Networking
- HPC / AI Server
- AI Server
3. Fan Technology Development (風扇技術發展)
- 超薄型風扇 (Ultra-thin Fan)
- 高轉速風扇 (High-speed Fan)
- 壓電風扇 (Piezoelectric Fan)
4. Sintering Technology Development (燒結技術發展)
- Material Technology (材料技術)
- Titanium Alloy (鈦合金)
- Tungsten Alloy (鎢合金)
- Tungsten Copper (鎢銅)
- Process Technology (製程技術)
- Dissimilar Material Bonding (異種材料結合)
5. Light Metal Technology Development and Application (輕金屬技術發展與應用)
- Key Technologies
- Giga Diecasting & Heat Treatment for Structural Parts
- Semi-Solid Forming
- Hollow Structure Processes
- Diecasting Alloys Development
- Properties
- High Strength
- Ductility (延展性)
- Thermal Conductivity (導熱性)
- Electrical Conductivity (導電性)
- Applications
- Edge AI Casing Heat Dissipation (Edge AI 機殼散熱)
- Robot Structural Components (機器人 機構件)
- Energy Storage System Structural Components (儲能系統 機構件)
- Automotive Components (汽車零組件)
Strategic Initiatives (發展策略)
- Practicing Core Development (實踐核心發展)
- 投資製程設備
- 優化人力資本
- 規劃生產製造
- Four Major Strategies for Technology Deployment and Customer Project Connection (以四大策略,開展技術佈局與客戶項目連接、落地)
- Thin (薄)
- Light (輕)
- Cool (冷)
- Strong (強)
Financial Performance (財務表現)
1. Segment Revenue (Accumulated)
| Segment | 2023 1~3Q | 2024 1~3Q |
|---|---|---|
| Gaming Machine | 75.4% | 70.0% |
| Thermal Module | 13.5% | 19.8% |
| PC Casing | 6.8% | 6.7% |
| Light Metal | 1.8% | 2.2% |
| Others | 2.4% | 1.4% |
2. Segment Revenue (Quarterly) & Profitability
| Metric / Quarter | 4Q23 | 1Q24 | 2Q24 | 3Q24 |
|---|---|---|---|---|
| Revenue (NT$ Bn) | ||||
| Gaming Machine | ~85 | ~50 | ~95 | ~150 |
| Thermal | ~15 | ~10 | ~15 | ~25 |
| Casing | ~5 | ~5 | ~5 | ~10 |
| Light Metal | ~2 | ~2 | ~2 | ~5 |
| Others | ~1 | ~1 | ~1 | ~2 |
| Total Revenue | ~108 | ~68 | ~118 | ~192 |
| Profitability (%) | ||||
| Gross Margin | ~8% | ~10% | ~8% | ~7% |
| Operating Margin | ~20% | ~28% | ~18% | ~17% |
| Net Margin | ~2% | ~2% | ~2% | ~2% |
3. EPS (Earnings Per Share)
| Metric / Quarter | 4Q23 | 1Q24 | 2Q24 | 3Q24 |
|---|---|---|---|---|
| Basic EPS (NT$) | 0.75 | 0.60 | 0.61 | 0.69 |
| Accumulated EPS (NT$) | 3.01 | 0.60 | 1.21 | 1.90 |
4. 2024 Q4 Outlook
- Quarter-over-Quarter (QoQ)
- Gaming Machine: Up
- Casing: Down
- Thermal Module: Down
- Others: Up
- Year-over-Year (YoY)
- Gaming Machine: Up
- Casing: Down
- Thermal Module: Down
- Others: Up
5. Earnings and Dividend Policy over the Last 10 Years
| Year | EPS (NT$) | Common Stock Cash Dividend per Share (Earnings) (NT$) | Payout Ratio (%) |
|---|---|---|---|
| 2014 | ~7.0 | ~2.5 | ~38% |
| 2015 | ~9.0 | ~3.0 | ~35% |
| 2016 | ~7.8 | ~3.8 | ~50% |
| 2017 | ~7.2 | ~3.7 | ~52% |
| 2018 | ~6.5 | ~3.2 | ~50% |
| 2019 | ~5.0 | ~2.5 | ~50% |
| 2020 | ~3.5 | ~2.0 | ~55% |
| 2021 | ~3.2 | ~1.8 | ~55% |
| 2022 | ~3.0 | ~1.5 | ~50% |
| 2023 | ~3.0 | ~1.5 | ~50% |
ESG Strategy (永續策略)
1. Renewable Energy Target and Decarbonization Strategy
- Baseline Year: 2022
- Decarbonization Strategies
- Optimize process and update equipment
- Improve energy efficiency
- Promote energy improvement plans
- Increase renewable energy use
- Invest in low-carbon innovation
- Carbon offsets and carbon removal
- Targets (Scope 1+2 CO2e Reduction / Renewable Energy Use)
- Short-term Target (2025 & 2030): ▼17% / ≥30%
- Mid-term Target (2035): ▼40% / ≥50%
- Long-term Target (2050): ▼90% / = 100%
- Carbon Neutral Target: 2050
2. UL2799 Certification for Two Plants
- Certification Body: UL Solutions
- Certified Entities
- YanTai Fu Zhun Precision Electronics Co., Ltd.
- Champ Tech Optical (Foshan) Corporation