詠業科技股份有限公司 (Unictron Technologies Corp.) 114年Q2 法人說明會
Company Overview
- Company Name: 詠業科技股份有限公司 (Unictron Technologies Corp.)
- Stock Code: 6792
- Event: 法人說明會 (Investor Conference)
- Date: 114.7.30 (July 30, 2025)
Financial Highlights
Recent Performance and Results (114年第2季營運成果)
Income Statement (損益表) - NTD Thousand
| Metric | 114Q2 | % | 114Q1 | % | QoQ | 113Q2 | % | YoY | 114 H1 | % | 113 H1 | % | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 營業收入淨額 (Net Operating Revenue) | 351,315 | 100 | 323,563 | 100 | 9% | 308,250 | 100 | 14% | 674,878 | 100 | 612,884 | 100 | 10% |
| 營業毛利 (Gross Operating Profit) | 123,148 | 35 | 98,000 | 30 | 26% | 92,463 | 30 | 33% | 221,148 | 33 | 180,603 | 29 | 22% |
| 營業費用 (Operating Expenses) | 69,052 | 20 | 72,191 | 22 | -4% | 71,090 | 23 | -3% | 141,243 | 21 | 134,034 | 22 | 5% |
| 營業淨利 (Operating Income) | 54,096 | 15 | 25,809 | 8 | 110% | 21,373 | 7 | 153% | 79,905 | 12 | 46,569 | 8 | 72% |
| 營業外收支及損益 (Non-operating Income/Loss) | (17,286) | (5) | 1,955 | 1 | -984% | 2,235 | 1 | -873% | (15,331) | (2) | 6,076 | 1 | -352% |
| 稅前淨利 (Profit Before Tax) | 36,809 | 10 | 27,764 | 9 | 33% | 23,608 | 8 | 56% | 64,573 | 10 | 52,645 | 9 | 23% |
| 歸屬母公司淨利 (Net Income Attributable to Parent Company) | 27,902 | 8 | 23,600 | 7 | 18% | 21,920 | 7 | 27% | 51,502 | 8 | 47,009 | 8 | 10% |
| 每股盈餘(元) (EPS (NTD)) | 0.60 | 0.50 | 0.47 | 1.10 | 1.00 |
Notes on Income Statement
- Revenue increased by 9% QoQ and 14% YoY due to heightened customer order demand, improving overall profitability.
- The appreciation of the NTD resulted in exchange losses, maintaining approximately the same cumulative net profit after tax for H1 compared to last year.
- Overall, revenue and net profit after tax for H1 increased by about 10% compared to the previous year.
Financial Performance (財務表現) - NTD Million
Quarterly Revenue Trend (季營收趨勢)
- Operating Revenue (營業收入):
- 113 Q1: 305
- 113 Q2: 308
- 113 Q3: 327
- 113 Q4: 290
- 114 Q1: 324
- 114 Q2: 351
- Revenue Growth Rate (QoQ) (營收成長率(QoQ)):
- 113 Q1: -
- 113 Q2: 1%
- 113 Q3: 6%
- 113 Q4: -11%
- 114 Q1: 12%
- 114 Q2: 9%
Quarterly Product Revenue Mix (季產品營收比例)
| Category | 113 Q1 | 113 Q2 | 113 Q3 | 113 Q4 | 114 Q1 | 114 Q2 |
|---|---|---|---|---|---|---|
| 電子陶瓷元件 (Electronic Ceramic Components) | 60% | 62% | 59% | 61% | 60% | 59% |
| 模組與系統產品 (Module and System Products) | 30% | 28% | 31% | 29% | 31% | 33% |
| 其他電子零組件 (Other Electronic Components) | 10% | 9% | 10% | 10% | 9% | 8% |
Quarterly Profitability Trend (季獲利趨勢)
- Gross Profit Margin (毛利率):
- 113 Q1: 29%
- 113 Q2: 30%
- 113 Q3: 29%
- 113 Q4: 26%
- 114 Q1: 30%
- 114 Q2: 35%
- Net Profit Margin After Tax (稅後淨利率):
- 113 Q1: 8%
- 113 Q2: 7%
- 113 Q3: 5%
- 113 Q4: 12%
- 114 Q1: 7%
- 114 Q2: 8%
EPS & ROE
- EPS:
- 113 Q1: 0.54
- 113 Q2: 0.47
- 113 Q3: 0.34
- 113 Q4: 0.76
- 114 Q1: 0.50
- 114 Q2: 0.60
- ROE:
- 113 Q1: 6%
- 113 Q2: 5%
- 113 Q3: 6%
- 113 Q4: 6%
- 114 Q1: 6%
- 114 Q2: 7%
Balance Sheet (資產負債表) - NTD Thousand
| Metric | 114.06.30 | % | 113.12.31 | % | 113.06.30 | % |
|---|---|---|---|---|---|---|
| 流動資產 (Current Assets) | 1,527,309 | 76 | 1,566,608 | 76 | 1,485,812 | 69 |
| 現金及約當現金 (Cash and Cash Equivalents) | 676,350 | 34 | 573,584 | 28 | 531,031 | 25 |
| 透過OCI衡量之金融資產 (Financial Assets Measured at FVTOCI) | 277,937 | 14 | 276,323 | 13 | 359,127 | 17 |
| 按攤銷後成本衡量之金融資產 (Financial Assets Measured at Amortized Cost) | 0 | 0 | 159,730 | 8 | 600 | 0 |
| 應收票據及帳款淨額 (Net Notes and Accounts Receivable) | 287,113 | 14 | 263,555 | 13 | 309,778 | 14 |
| 存貨淨額 (Net Inventories) | 244,167 | 12 | 266,859 | 13 | 278,154 | 13 |
| 其他 (Other) | 41,742 | 2 | 26,557 | 1 | 7,122 | 0 |
| 非流動資產 (Non-current Assets) | 480,918 | 24 | 481,989 | 24 | 660,152 | 31 |
| 不動產、廠房及設備 (Property, Plant and Equipment) | 300,851 | 15 | 314,083 | 15 | 504,143 | 23 |
| 其他 (Other) | 180,066 | 9 | 167,906 | 8 | 156,009 | 7 |
| 流動負債 (Current Liabilities) | 475,148 | 24 | 410,205 | 20 | 465,931 | 22 |
| 短期借款 (Short-term Borrowings) | 0 | 0 | 23,018 | 1 | 11,205 | 1 |
| 應付票據及帳款 (Notes and Accounts Payable) | 128,878 | 6 | 126,682 | 6 | 99,110 | 5 |
| 其他 (Other) | 346,270 | 17 | 260,505 | 13 | 355,616 | 17 |
| 非流動負債 (Non-current Liabilities) | 63,350 | 3 | 47,905 | 2 | 61,269 | 3 |
| 權益總額 (Total Equity) | 1,469,729 | 73 | 1,590,487 | 78 | 1,618,764 | 75 |
| 總資產 (Total Assets) | 2,008,227 | 100 | 2,048,597 | 100 | 2,145,964 | 100 |
Cash Flow Statement (現金流量表) - NTD Thousand
| Metric | 114 H1 | 113 H1 | Change |
|---|---|---|---|
| 營業活動淨現金流入 (Net Cash Inflow from Operating Activities) | 73,487 | 67,779 | 5,708 |
| 投資活動淨現金流入 (Net Cash Inflow from Investing Activities) | 74,493 | 80,349 | (5,856) |
| 籌資活動淨現金流出 (Net Cash Outflow from Financing Activities) | (37,176) | (604) | (36,572) |
| 匯率變動影響數 (Effect of Exchange Rate Changes) | (8,038) | 951 | (8,989) |
| 本期現金及約當現金增加數 (Net Increase in Cash and Cash Equivalents for the Period) | 102,766 | 148,475 | (45,709) |
| 期初現金及約當現金 (Cash and Cash Equivalents at Beginning of Period) | 573,584 | 382,556 | 191,028 |
| 期末現金及約當現金 (Cash and Cash Equivalents at End of Period) | 676,350 | 531,031 | 145,319 |
Notes on Cash Flow Statement
- The increase in cash outflow from financing activities is mainly due to the repayment of borrowings this year.
Financial Ratios (財務比率)
| Metric | 114.06.30 | 113.12.31 | 113.06.30 |
|---|---|---|---|
| 負債佔資產比率 (Debt-to-Asset Ratio) | 27% | 22% | 25% |
| 長期資金佔固定資產比率 (Long-term Funds to Property, Plant and Equipment Ratio) | 510% | 522% | 333% |
| 流動比率 (Current Ratio) | 321% | 382% | 319% |
| 資產報酬率 (Return on Assets) | 5% | 5% | 4% |
| 股東權益報酬率 (Return on Equity) | 7% | 6% | 6% |
| 純益率 (Net Profit Margin) | 8% | 8% | 8% |
Notes on Financial Ratios
- Current ratio > 300%, indicating a relatively sound financial position.
- Due to quarterly improvement in profitability, return on equity slightly increased.
Key Board Resolutions (今日董事會重要議案)
- Approved the 114Q2 financial statements.
- Approved the accountant's fees for 114 fiscal year.
Industry Outlook and Views (產業前景及看法)
- Revenue increased by 9% QoQ and 14% YoY; H1 revenue increased by approximately 10% YoY, mainly due to the recovery of customer orders.
- Global impacts from geopolitics, US tariff policies, and FED interest rate adjustments remain uncertain; industry recovery in H2 2025 is still to be observed. The company maintains a cautious but optimistic attitude, expecting continued revenue and profitability growth.
- Strategic Initiatives and Products:
- High-precision positioning antennas (高精準定位天線): Key development project with customer-approved designs, expanding business scale.
- Smart water buoys (智慧水中浮標): Had customer approval.
- New piezoelectric products (壓電新產品): Actively developed liquid level sensors (液位傳感器) and flow meters (流量計) in collaboration with customers, expected to be future revenue and profit drivers.