立盈環保科技 (Liying Environmental Protection Technology) (股號: 7820) 2025年第一季 法說會簡報

Company Overview

1. Company Introduction (公司介紹)

• Purpose and Mission (宗旨及使命)
  • Liying's corporate mission is to recycle 100% of the chemicals used in the semiconductor and other industries after use.
  • Slogan: “只有放錯地方的資源 沒有真正的廢棄物” (Only resources in the wrong place, no real waste).
  • Goal: To be the best partner for circular economy solutions in the semiconductor industry.

2. Basic Information (基本資料)

• Full Company Name (公司全名): 立盈環保科技(7820) (Liying Environmental Protection Technology (7820))
• Chairman (董事長): 陳俊琦 (Chen Chun-Chi)
• General Manager (總經理): 陳俊琦 (Chen Chun-Chi)
• Number of Employees (員工人數): 52人 (as of end of February 2025)
• Paid-in Capital Shares (實收股數): 31,225,542股
• Capital Amount (資本額): NT$ 312,255,420元
• Company Address (公司地址):
  • 平鎮廠 (Pingzhen Plant): 桃園市平鎮工業二路7號 (No. 7, Gongye 2nd Rd, Pingzhen District, Taoyuan City)
  • 中科廠 (Central Taiwan Science Park Plant): 台中市科雅七路20號 (No. 20, Keya 7th Rd, Taichung City)
  • 南科廠 (Southern Taiwan Science Park Plant): 台南市新市區南科二路18號 (No. 18, Nanke 2nd Rd, Xinshi District, Tainan City)
• Phone (電話): (03)419-2890
• Website (網址): Liying

3. Organizational Structure (組織架構)

• Chairman (董事長)
  • General Manager (總經理)
    • Audit Office (稽核室)
    • CFO (財務長)
    • Management Department (管理部)
      • Finance & Accounting Section (財會科)
      • Human Resources Section (人資料)
      • Environmental Safety Section (環安科)
      • R&D, Quality Control Section (研發、品管科)
      • Business Management Section (業管科)
      • Purchasing Section (採購科)
      • IT & General Affairs Section (資訊總務科)
    • Plant Operations Department (廠務部)
      • Pingzhen Plant (平鎮廠)
        • Plant Operations Section (廠務科)
        • Production Section (生產科)
        • Warehouse Management Section (倉管科)
      • Central Taiwan Science Park Plant (中科廠)
      • Southern Taiwan Science Park Plant (南科廠)

4. Company Development History (公司發展歷程)

• 2011-2015 Startup Period (草創期)
  • 2012: Company obtained establishment permit.
  • 2013: Monthly recycling volume reached 200 tons.
• 2016-2020 Stable Period (平穩期)
  • 2015: Started assisting semiconductor industry in treating waste hydrofluoric acid.
  • 2020: Monthly recycling volume reached 1,200 tons.
• 2021-2024 Growth Period (成長期)
  • 2024: Monthly processing volume reached 1,800 tons.
• 2025 Entering Expansion Period (進入擴張期)
  • Q4 2025: Monthly processing volume of all three plants is expected to reach 3,800 tons.

Products, Services & Technology (產品、服務及技術)

1. Products (產品)

• Technical Services: For waste hydrofluoric acid and calcium fluoride sludge.
• Resource Recycled Green Product: Artificial Fluorite (人造螢石).

2. Service Offerings and Solution Names

• Operating Model: Liying provides circular economy solutions for post-semiconductor manufacturing specialty chemicals.
  • Waste Received: Waste Hydrofluoric Acid, Calcium Fluoride Sludge.
  • Output: Resource recycled green product - Artificial Fluorite.

3. Industry-Specific Terminology and Technical Concepts

• Circular Economy: Focused on recycling and reusing waste materials, with a goal of minimizing environmental impact.

4. Chemical Reactions

• Key reactions related to semiconductor processes.

Competitive Advantages (競爭優勢)

• Advantage 1: Obtained relevant qualifications and certifications.
• Advantage 2: Strong partnership with semiconductor customers.
• Advantage 3: R&D team efficiently recycles specialty chemicals.

Financial Highlights and Key Metrics (財務亮點與關鍵指標)

1. Revenue Breakdown by Service Type

• 2022: Technical Service Revenue 81%, Artificial Fluorite 19%
• 2023: Technical Service Revenue 76%, Artificial Fluorite 24%
• 2024: Technical Service Revenue 80%, Artificial Fluorite 20%

2. Revenue Breakdown by Industry

• 2022: Semiconductor 74%, Steel 19%, Solar 5%
• 2023: Semiconductor 72%, Steel 24%, Solar 3%

3. Annual Revenue (年營收 - NT$ Thousand)

• 2016: 15,638
• 2023: 188,146 (YoY 9%)

4. Profitability and EPS Trends

• 2024 Performance:
  • Gross Profit Margin: 62%
  • EPS: NT$ 1.69 (up from NT$ 0.73 in 2023)

Future Outlook and Guidance (未來展望與指導)

1. Future Opportunities (未來商機)

• Opportunity 1: Increased demand for specialty chemicals due to advanced semiconductor processes.
• Opportunity 2: Rising prices for fluorite.

2. Production Capacity Guidance

• 2025 (Q4): Total expected monthly processing of 3,800 tons.

Strategic Initiatives and Plans (策略舉措與計畫)

• Active expansion and comprehensive recycling initiatives.

Speaker: 李文桐 財務長 (Li Wen-Tong, CFO)
Date: 2025年5月19日