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新鋼 2025Q3 法人說明會
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法人說明會
新鋼 2025Q3 法說會簡報重點與營運摘要

新鋼工業股份有限公司 (SINKANG INDUSTRIES CO., LTD.) 2025年法人說明會

Company Overview

  • Company Name: 新鋼工業股份有限公司 (SINKANG INDUSTRIES CO., LTD.)
  • Stock Code: 2032
  • Event: 2025年法人說明會 (2025 Institutional Investor Conference)
  • Date: 114.8.1 (August 1, 2025, based on Minguo calendar)

Disclaimer (免責聲明)

  • The "forward-looking information" in this presentation is based on the company's own observations and market information.
  • The forward-looking information includes predictions of the company's future operations, financial performance, and business results.

Agenda (大綱)

  1. 公司簡介 (Company Profile)
  2. 市場及產業概況 (Market and Industry Overview)
  3. 營運成果 (Operating Results)
  4. 交流時間 (Q&A Session)

Company Profile (公司簡介)

  • Founding Date: July 10, 1971
  • Listing Date: September 11, 2000
  • Capital (Paid-in Shares): NT$1,305 million (130,521,545 shares)
  • Number of Employees: Approx. 170 people
  • Chairman: 蔡政廷 (Tsai Cheng-Ting)
  • General Manager: 成主賜 (Cheng Chu-Tzu)
  • Main Business Operations: Processing and sales of stainless steel materials
  • Headquarters Address: No. 8, Da'an Rd., Xinzhuang Dist., New Taipei City

Human Resources (人力資源)

  • Average Employee Age: 47 years old
  • Average Age Ratio:
    • Under 20: 0%
    • 21-39 years old: 19%
    • 40-59 years old: 65%
    • Over 60: 16%

Service Locations (服務據點)

  • 台北總公司 (Taipei Headquarters - Xinzhuang Plant):
    • Business Line: (02)22020172
    • Service Area: Northern Taiwan, Taoyuan, Hsinchu, Miaoli, Yilan, Hualien
  • 台中營業所 (Taichung Sales Office):
    • Service Line: (04)23357606
    • Service Area: Miaoli, Taichung, Changhua, Nantou, Yunlin
  • 台南辦事處 (Tainan Office):
    • Service Line: (06)2542452-3
    • Service Area: Chiayi, Tainan
  • 高雄營業所 (Kaohsiung Sales Office):
    • Service Line: (07)3724707-8
    • Service Area: Kaohsiung, Pingtung, Taitung

Industry Characteristics (行業特性)

  • Upstream: Steelmaking -> Hot Rolling -> Cold Rolling
  • Key Upstream Players: Tang Eng, Yieh United, Dong Meng, Walsin Lihwa
  • Sinkang Industries Co., Ltd.:
    • Secondary Processing: Surface Treatment
    • Leveling, Shearing: Cutting, Slitting, Rewinding
  • Downstream Applications:
    • Food Industry
    • Machinery Manufacturing
    • Petrochemical Industry
    • Medical Devices
    • Office Equipment
    • Transportation Tools
    • Electrical Equipment
    • Home Appliances
    • Building Decoration
    • Catering Equipment Industry
    • Mobile Devices

Machine Processing Capability (機台加工能力)

Equipment NameThickness (mm)Width (mm)Length (mm)Quantity (Units)
Flying Shear Leveler0.3~3.050~1560100~61006
Wet Coil Sanding Machine0.4~3.0500~1570-2
Sheet Sanding Machine0.6~3.0700~15701220~50002
Coil Slitting Machine0.3~6.016~1570-3
Coil Rewinding Machine0.3~0.8550~1250-1
Sheet Shearing Machine0.3~6.0Max.4050-7
PVC Laminating Machine0.3~3.0Below 1570Below 40002

Main Production Centers (主要生產中心)

  • 新莊廠 (Xinzhuang Plant)
    • Capabilities: Shearing, Leveling; Cutting, Slitting, Rewinding
  • 大園廠 (Dayuan Plant)
    • Capabilities: Surface Treatment; Cutting, Slitting, Rewinding

Market & Industry Overview

  • Business Climate Index (2025年6月)

    • Manufacturing: 85.88 (-0.04)
    • Services: 88.31 (+3.43)
    • Construction: 94.79 (+4.54)
    • Data Source: Taiwan Institute of Economic Research (TIER) Business Climate Survey
  • Manufacturing Industry Categories Business Climate Indicators (2024.12-2025.6)

    • Category: Metal & Machinery
      • Basic Metals: Fluctuating from Blue to Yellow phases
      • Metal Products: Fluctuating from Blue to Yellow phases
      • Machinery Equipment: More stable with variations
    • Data Source: TIER Manufacturing Industry Specific Business Climate
  • 鎳價趨勢 (LME Nickel Spot)

    • Prices peaked around October 2024, followed by decline and slight rebound in early 2025.
    • Data Source: Anue
  • 冷軋不銹鋼捲板 Trends

    • Domestic Sales: Fluctuated between 40,000 and 50,000 metric tons.
    • Direct Exports: Fluctuating between 15,000 and 35,000 metric tons.
    • Inventory: Fluctuating between 90,000 and 130,000 metric tons.
    • Data Source: Ministry of Economic Affairs, Department of Statistics

Recent Performance and Results

  • Main Sales by Stainless Steel Series:

    • 304 Series: 94%
    • 400 Series: 4%
    • 316 Series: 2%
  • Sales Statistics by Industry:

    • Fireproof Building Materials: 28%
    • Processing & Manufacturing: 31%
    • Wholesale Processing: 19%
    • Electrical Equipment: 6%
    • Machinery Manufacturing: 5%
    • Catering Equipment Industry: 7%
    • Transportation Tools: 2%
    • Home Appliances: 1%
    • Other Industries: 1%

Products, Services & Technology

  • Product Applications - Construction Materials:
    • Doors
    • Stainless Steel Elevator Doors
    • Expanded Metal Mesh for Green Building Facades
    • Corrugated Sheets
  • Product Applications - Processing & Manufacturing:
    • BBQ Grills
    • Washing Machine Inner Tubs
  • Product Applications - Catering Equipment Industry:
    • Refrigerators
    • Sinks
    • Worktops/Counters
  • Product Applications - Machinery Manufacturing:
    • Ultrasonic Cleaning Machines
    • Ice Makers
    • Ice Cream Machines
  • Product Applications - Electrical Equipment:
    • Double-door Ovens
    • Electrical Boxes
  • Product Applications - Other Industries:
    • Recycling Bins
    • Convex Mirrors
    • Food Storage Tanks

Financial Highlights and Key Metrics

  • Comprehensive Income Statement (單位:新台幣仟元)
Item114Q1 (NT$K)114Q1 (%)113Q1 (NT$K)113Q1 (%)
Net Operating Revenue768,086100666,893100
Gross Profit36,662532,0715
Operating Profit (Loss)10,21617,3601
Profit (Loss) Before Tax26,393318,6913
Net Profit (Loss) for the Period24,733316,6893
Total Comprehensive Income for the Period28,075316,6893
  • Financial Ratios Analysis - Operating Capability
Item114Q1113Q1
Accounts Receivable Turnover (times)4.514.52
Average Collection Days (days)8180.67
Inventory Turnover (times)6.069.21
Average Sales Days (days)60.2439.65
Accounts Payable Turnover (times)40.0576.66
Property, Plant & Equipment Turnover (times)5.995.10
Total Asset Turnover (times)1.461.39
  • Financial Ratios Analysis - Profitability
Item114Q1113Q1
Return on Assets (%)4.703.47
Return on Equity (%)5.833.99
Pre-tax Net Income to Paid-in Capital Ratio (%)8.095.73
Net Profit Margin (%)3.222.50
Earnings Per Share (NT$)0.190.13
  • Net Revenue Trend Chart (Unit: NT$ Thousand)
    • Annual Revenue (NT$K):
      • 106 (2017): 2,789,687
      • 107 (2018): 3,067,403
      • 108 (2019): 2,844,436
      • 109 (2020): 3,266,944
      • 110 (2021): 3,489,139
      • 111 (2022): 3,361,067
      • 112 (2023): 2,862,276
      • 113 (2024): 2,968,738
    • 114 (2025) (Data Cutoff: March 31): 768,086

Strategic Initiatives and Plans

  • Employee Care

    • Regular training on emergency first aid and workplace safety.
    • "Happy Workplace Stress Relief Lectures" to promote healthy habits.
  • Workplace Safety Certification

    • Obtained ISO 45001:2018 Occupational Health and Safety Management System certification.
    • Certifying body: GREAT International Certification Co., Ltd.
    • Valid until: September 4, 2025
  • Green Energy - Solar Power

    • Installation of solar panels on plant rooftops for renewable energy generation.

Conclusion (報告完畢 敬請指教)

  • Report Concluded. Your feedback is welcome.
  • Q&A Session
  • THANK YOU

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