霖宏科技股份有限公司 (Lin Horn Technology co., Ltd) 2024Q3 法說會簡報
Company Overview
- Company Name: 霖宏科技股份有限公司 (Lin Horn Technology co., Ltd)
- Business: A listed professional and Reliable PCB Manufacturer
- Stock Ticker: #5464 Taiwan
- Website: www.lhtech.com.tw
- Established: August 1995
- Capital: 新台幣 7.1億元 (NT$ 710 million)
- Employees: 約 340人 (approx. 340 people)
- Output/Month: 50,000 m2
- Location: 台灣嘉義縣民雄工業區中山路六. 八. 九號 (No. 6, 8, 9 Chung Shan Rd. Minhsiung Industrial Park. Chia Yi Hsien, Taiwan)
- Chairman: 張枋霖
- Diversified Operations: Spanning electronic component manufacturing and real estate and service industries (多角化經營,跨足電子零組件製造及不動產及服務業)
Financial Highlights
- Consolidated Revenue (近5年合併營收) (NT$ thousands):
- 2019年: 1,366,995
- 2020年: 1,062,461
- 2021年: 1,663,135
- 2022年: 1,379,800
- 2023年: 1,090,172
- 2024前三季 (Q1-Q3): 824,144
- Financial Ratios (財務比率):
- Gross Profit Margin (毛利率):
- 2021Q4: 2.57%
- 2022Q4: 3.04%
- 2023Q4: 7.47%
- 2024Q3: 3.17%
- Net Profit Margin (純益率):
- 2021Q4: 20.56%
- 2022Q4: 20.84%
- 2023Q4: 5.23%
- 2024Q3: 8.42%
- Gross Profit Margin (毛利率):
- Dividend Distribution (歷年股利分配):
- Year | Cash Dividend (NT$/share) | Earnings Per Share (NT$) | Proportion Share (%)
- 2017 | - | (1.98) | 0%
- 2018 | 1.00 | 2.88 | 35%
- 2019 | 0.50 | (0.18) | 278%
- 2020 | - | (2.32) | 0%
- 2021 | 2.00 | 4.81 | 42%
- 2022 | 2.00 | 4.05 | 49%
- 2023 | 0.80 | 0.80 | 100%
Business Segments
- Main Products: 多層硬板 / 軟板 / 軟硬複合板 / PCBA (Multilayer Rigid / Flex / Rigid Flex PCB / PCBA)
- Equipment & Specializations:
- State-of-the-art Equipment: Annual upgrades to enhance production capability and AI automation (每年都有部分設備汰舊換新,以提升製程能力及智動化).
- Wide Range Selection of Laminate Materials: Extensive choice of base materials (基材選擇範圍廣).
- Specialized in Heavy Copper Products: UL certified up to 6 oz copper for both inner and outer layers (內外層銅厚6 OZ UL認證).
Products & Technologies
- Service Offerings:
- Flexible Production Volume: Supports businesses from High-Mix Low-Volume (HMLV) to High-Volume Low-Mix (HVLM) (從少量多樣到大量生產).
- Prompt Delivery and Service: Factory operates 7x24 hours per week for short lead times and quick response (工廠一周七天、每天24小時運作).
- Local Service: Agent offices in several countries (USA, Europe, Japan) provide local service with dedicated customer service and sales managers.
- Dedicated Team for Sample and PVT Orders: Provides small batch production and fast delivery service (提供客戶樣品及小批量產快速交貨服務).
Clients & Markets
- Product Mix (終端產品應用):
- Automobile (車用電子): illumination, Dash Board, Car Electronics, Safety systems.
- Consumer Electronics (消費性電子): Home entertainment, Home Appliance.
- Industrial (工業用): Control Panel, Backplane, DVR, POS.
- Computer Peripheral (電腦週邊): Mother Board, Server Board, VGA Card, Storage System.
- Communication And other (網通設備及其他): Switches, SMB/Enterprise, WiFi, Broadband Products.
ESG / Sustainability
- Social Responsibility:
- Supporting Children with Developmental Delays: Donating to families in need and inviting businesses to support "slow-flying angels" (children with developmental delays).
- Promoting Blood Donation: Regularly organizing blood donation events for employees, emphasizing "one bag of blood saves a life."
- Youth Cultivation and Education: Donating educational scholarships to elementary and junior high schools in Chiayi County, providing development platforms outside formal education.
- Community Support: Donated an ambulance to the Chiayi County Fire Department to improve emergency resources in remote areas.
- Environmental Sustainability:
- Trail Adoption: Lin Horn Group adopted the Longyinshan Trail in Alishan National Scenic Area, contributing to environmental protection and community return.
Outlook & Strategy
- Prospects:
- PCB Business: To counter low-price competition due to overcapacity in mainland China, the company plans to evaluate purchasing new equipment and upgrading existing systems to produce thicker and larger AI servers, communication boards, and industrial boards.
- Hotel Business (Hotel Indigo Alishan): Currently operating smoothly with stable occupancy rates despite natural issues (e.g., typhoon impacts).
- Real Estate/Commercial Development: Anticipating consumer business opportunities driven by TSMC's factory establishment in Chiayi, the company will also invest in related real estate and shopping mall development and operations.
- Risks: Market competition, international political and economic developments, and cost fluctuations.
Additional Data
- Subsidiary Company: 霖雲國際開發股份有限公司 (Lin Yun International Development Co., Ltd.)
- Location: 嘉義縣民雄工業區中山路六號 (No. 6, Chung Shan Rd., Minhsiung Industrial Park, Chiayi County)
- Established: April 2012
- Capital: 新台幣 5億元 (NT$ 500 million)
- Business Content: Hotel, catering, real estate development and related businesses (旅館、餐飲、不動產開發及相關業務)
- Hotel Indigo Alishan (阿里山英迪格酒店)
- Hotel Name: HOTEL INDIGO ALISHAN AN IHG HOTEL (洲際酒店集團旗下)
- Location: No. 20, Longtou, Fanlu Township, Chiayi County 602038, Taiwan (R.O.C.)
- Positioning: Premier mountain retreat in Taiwan, blending Alishan's natural beauty with contemporary luxury, offering an authentic, eco-conscious experience that celebrates local heritage and culture.
- Vision Statement: Dedicated to delivering an authentic, culturally rich, and sustainable mountain retreat experience, blending the natural beauty of Alishan with warm hospitality.
- Mission Statement: To be the preferred destination in Taiwan's leisure areas, celebrated for modern comfort, cultural richness, and environmental stewardship.