康那香企業股份有限公司 (KNH Enterprises Co., Ltd.) 2025年法說會 (2025 Investor Conference)
公司簡介 (Company Introduction)
康那香企業股份有限公司（KNH Enterprises Co., Ltd.）成立於1969年，是台灣最早的婦女及嬰兒衛生用品製造商。公司於1994年在台灣上市，截至2025年1月底，員工總人數約761人，合併總資產約新台幣69億元。
品牌 (Brands)
- 雅適 (Yashih)
- 巧客 (Qiaoke)
- Surex
- Cupid Baby (俏皮寶寶)
- 康乃馨 (Carnation)
- 香岱兒 (Xiangdaier)
- 優效紡 (Co-fiber)
- laune蘭韻 (Laune Lanyun)
總公司及生產據點 (Headquarters and Production Bases)
- 台北總公司 (Taipei Headquarters)
- 消費品廠 (Consumer Products Plant)
- 機械研配廠 (Machinery R&D and Assembly Plant)
- 不織布廠 (Nonwoven Fabric Plant)
- 口寮廠 (Kouliao Plant)
- 揚州廠 (Yangzhou Plant)
品質認證 (Quality Certifications)
- 1986: TW CNS 衛生棉 (Sanitary Napkins)
- 1988: TW CNS 溼巾 (Wet Wipes)
- 1990: TW CNS 尿褲 (Diapers)
- 1994: TW ISO 9001
- 2004-2009: TW ISO 14001, CNS 溼巾 (Wet Wipes), SHA ISO 9001, SHA ISO 14001
- 2013-2018: TW ISO 22716 濕巾 (Wet Wipes), QMS 棉條 創傷繃帶 (Tampons, Wound Dressings), CNS 尿褲(成人) 尿片(成人) (Adult Diapers, Adult Pads)
- 2021-2023: TW ISO 13485 創傷繃帶 口罩 (Wound Dressings, Masks), QMS 外科口罩 口罩 (Surgical Masks, Masks), CNS 口罩 (Masks), YZ ISO9001, YZ ISO14001
財務報告 (Financial Report)
最近五年合併損益 (Consolidated Income Statement for the Last Five Years)
| Metric (NT$ Thousand) | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| 營業收入 (Operating Revenue) | 2,937,257 | 2,938,256 | 3,351,903 | 4,028,348 | 5,086,762 |
| 營業毛利 (Gross Profit) | 341,679 | 126,123 | 309,475 | 801,160 | 1,502,398 |
| 營業利益(損失) (Operating Income (Loss)) | (273,643) | (485,685) | (295,723) | 154,115 | 839,194 |
| 稅前淨利(淨損) (Profit (Loss) Before Tax) | (333,121) | 1,177,870 | (267,990) | 160,145 | 1,059,449 |
| 本期淨利(淨損) (Net Profit (Loss) for the Period) | (368,465) | 658,685 | (262,584) | 98,551 | 879,968 |
| 淨利(淨損)歸屬於母公司 (Net Profit (Loss) Attributable to Parent Company) | (368,465) | 658,685 | (262,584) | 98,551 | 879,968 |
| 營業毛利率 (Gross Profit Margin) | 11% | 4% | 9% | 20% | 30% |
| 營業淨利率 (Operating Profit Margin) | -10% | -17% | -9% | 4% | 17% |
最近五年營業外收入及支出 (Non-Operating Income and Expenses for the Last Five Years)
| Metric (NT$ Thousand) | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| 利息收入 (Interest Income) | 32,665 | 15,628 | 4,093 | 3,412 | 2,901 |
| 其他收入 (Other Income) | 34,470 | 46,488 | 42,487 | 36,412 | 76,553 |
| 其他利益及損失 (Other Gains and Losses) | (62,325) | 1,656,618 | 18,158 | 5,235 | 191,022 |
| 財務成本 (Finance Costs) | (64,288) | (55,179) | (37,005) | (38,110) | (49,792) |
| 採用權益法認列損益之份額 (Share of Profit or Loss of Associates and Joint Ventures Accounted for Using Equity Method) | 0 | 0 | 0 | (919) | (429) |
| 合計 (Total) | (59,478) | 1,663,555 | 27,733 | 6,030 | 220,255 |
最近五年合併現金流量 (Consolidated Cash Flow for the Last Five Years)
| Metric (NT$ Thousand) | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| 營業活動 (Operating Activities) | (383,219) | (92,707) | (4,664) | 426,006 | 965,320 |
| 投資活動 (Investing Activities) | 804,862 | 541,815 | (330,088) | (696,664) | (568,765) |
| 籌資活動 (Financing Activities) | (492,095) | 167,717 | 226,485 | 121,924 | 9,230 |
| 匯率影響數 (Effect of Exchange Rate Changes) | 70,057 | (56,127) | 26,131 | (533) | 11,132 |
| 當期現金增加(減少)數 (Net Increase (Decrease) in Cash and Cash Equivalents) | (395) | 560,698 | (82,136) | (149,267) | 416,917 |
最近五年產品別營收佔比 (Revenue Share by Product Category for the Last Five Years)
| Product Category | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| 衛生棉類 (Sanitary Napkin Products) | 55% | 52% | 50% | 48% | 42% |
| 紙尿褲類 (Diaper Products) | 13% | 10% | 9% | 8% | 6% |
| 濕巾類 (Wet Wipes Products) | 21% | 22% | 20% | 16% | 16% |
| 口罩類 (Mask Products) | 3% | 5% | 8% | 13% | 19% |
| 不織布及其他 (Nonwoven Fabric and Others) | 8% | 11% | 13% | 15% | 17% |
近年股利發放情形 (Dividend Distribution in Recent Years)
| Metric (NT$) | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| EPS | (1.89) | 3.37 | (1.34) | 0.50 | 4.50 |
| 股利發放 (Dividend Distribution) | 0.20 | 0.30 | 0.15 | 0.30 | 3.00 |
| 股利發放率 (Dividend Payout Ratio) | - | 9% | - | 60% | 67% |
未來營運策略 (Future Operating Strategies)
2025年進行中之重大投資案 (Major Investment Projects in Progress for 2025)
| 項目 (Project) | 總投資金額 (Total Investment Amount) | 預期效益 (Expected Benefit) | 預計投產時間 (Estimated Production Time) |
|---|---|---|---|
| 口寮三期 (Kouliao Phase III) | NTD 1,700,000 | 不織布新品開發 (Development of new nonwoven products) | 2025/Q3 |
未來營運策略之四大要點 (Four Key Points of Future Operating Strategies)
- 優化整體營運成本 (Optimize Overall Operating Costs)
- 整合生產基地 (Integrate production bases)
- 提昇整體生產效率 (Improve overall production efficiency)
- 開發新產品/新技術 (Develop New Products/New Technologies)
- 高階不織布 (High-end nonwoven fabrics)
- 友善/綠能產品 (Eco-friendly/Green energy products)
- 開拓新市場/新事業 (Expand New Markets/New Businesses)
- 高階不織布應用市場 (High-end nonwoven application markets)
- 東南亞市場 (Southeast Asian markets)
- 積極的行銷策略 (Proactive Marketing Strategies)
- 精耕現有客戶夥伴關係 (Deepen existing customer partnerships)
- 延伸現有客戶產品線合作 (Extend cooperation on existing customer product lines)
- 強化網路行銷組織 (Strengthen online marketing organization)
誠信經營 (Integrity Management)
- 組織與職責：本公司設置人力資源處為推動企業誠信經營兼營單位，負責誠信經營政策與防範方案之制訂及監督執行。
- 資訊揭露：於公司網站上揭露本公司「誠信經營守則」、「誠信經營作業程序與道德行為規範」。
- 教育訓練：每年進行「誠信經營」教育訓練以求落實。2024年內、外部教育訓練共計1,022人次、合計1,330小時。
積極推動ESG (Actively Promote ESG)
- 落實公司治理 (Implement Corporate Governance)
- 強化訓練 (Strengthen training)
- 合理報酬 (Reasonable compensation)
- 發展永續環境 (Develop Sustainable Environment)
- 用水回收/積極減廢 (Water recycling/Active waste reduction)
- 緊急應變演練 (Emergency response drills)
- 加強資訊揭露 (Strengthen Information Disclosure)
- 官網/年報/公開資訊觀測站 (Official website/Annual report/Market Observation System)
- 維護社會公益 (Maintain Social Welfare)
- 員工/消費者申訴管道 (Employee/Consumer complaint channels)
- 產品品質認證 (Product quality certification)
企業社會責任 (Corporate Social Responsibility)
- 參與多項社區參與活動，包括對北台南家扶的捐贈、助學金捐贈、PM2.5口罩捐贈，以及與臺南市政府社會局的合作等。
聯絡資訊 (Contact Information)
- 發言人 (Speaker)：吳政蓉 (Wu Zheng-Rong)
- EMAIL：delia.wu@knh-global.com
- 電話 (Phone)：(02)2345-9909 #2800