是方電訊 (Chief Telecom) 6561 2025年08月06日 法說會簡報
Company Overview
About Chief (關於是方)
- Establishment Date: 1991年01月19日 (January 19, 1991)
- Paid-in Capital: 新台幣779,583,700元 (NT$779,583,700)
- Main Businesses:
- 資料中心服務 (Data Center Services)
- 雲端應用服務 (Cloud Application Services)
- 數據網路服務 (Data Network Services)
- 語音通信服務 (Voice Communication Services)
- 交換中心服務 (Exchange Center Services)
- Telecom Operating Licenses:
- ISP (Internet Service Provider)
- 網際網路接取 (Internet Access)
- VPN (Virtual Private Network)
- 電路轉售 (Circuit Resale)
- 070網路電話 (070 Network Phone)
- 國際頻寬轉售服務 (International Bandwidth Resale Services)
- 國際海纜執照 (International Submarine Cable License)
- International Neutral IDC Smart Data Center:
- TF/LY/HD, 樓層面積約10,000坪 (approx. 33,000 sq. meters)
- 聯雲智能資料中心 (Cloud Intelligent Data Center), 樓層面積約5,000坪 (approx. 16,500 sq. meters)
Company’s Unique Positioning: Telecom Neutral
- Core Concepts: 平台+ (Platform+), 連結+ (Connectivity+), 價值+ (Value+)
- Overall Positioning: 電信中立 IDC+ (Telecom Neutral IDC+)
Data Center (IDC+) Magnet Effect
- Chief's Data Center (IDC) embraces all rivers (海納百川), attracting various domestic and international services to converge.
- Ecosystem: The ecosystem formed by Data Center (IDC) and Network Connectivity is the core of AI computing, cloud, digitalization, and the digital economy. Data exchange between global data centers will experience explosive growth, making it the engine of the digital industry.
Platform+
- Concept: 專業分工・資源共享‧產業合作‧創造多贏 (Professional division of labor, resource sharing, industry collaboration, win-win creation)
- Platforms:
- AI 算力平台 (AI Compute Platform)
- 國內電路平台 (Domestic Circuit Platform)
- 數據網路平台TPIX (Data Network Platform TPIX)
- 應用服務平台 (Application Services Platform)
- CCX雲端平台 (CCX Cloud Platform)
- TPCX海纜平台 (TPCX Submarine Cable Platform)
- 中立IDC平台 (Neutral IDC Platform)
Connectivity+
- Description: Ultra-high-speed bandwidth direct connection to Hong Kong, Japan, Singapore, and other countries.
- Customer Types:
- I. 國際電信業者 (International Telecom Operators): HGC, NTT, PCCW, Telstra, Singtel
- II. 國際海纜業者 (International Submarine Cable Operators): Meta, Google, AWS, Microsoft
- III. ICP/Cloud/AI 及網路業者 (ICP/Cloud/AI & Network Providers): 台哥大 (Taiwan Mobile), 中華 (Chunghwa Telecom), 遠傳 (Far EasTone)
- IV. 國內電信業者 (Domestic Telecom Operators): HiNet, TWGate, CT/CU/CMI, Global ICP/CDN, HE, DE-CIX, AMS-IX, JPIX, SGIX, EIX, TWIX, TPIX
- Key Concept: Inside是方IDC (Inside Chief IDC)
- Multiplier Effect: Domestic and international operators connect between IDCs with high-speed fiber optic bandwidth.
Value+
- Business Model: Gathering local and international telecom operators, submarine cable operators, content providers, cloud and AI providers, forming a cluster magnet effect through platform economy and membership economy business models.
- Ecosystem Components:
- Customers: ICP, Local Operator, Global Carrier
- Partners: ISR, ASP
- Resources: 數據資源 (Data Resources), AI資源 (AI Resources), 雲端資源 (Cloud Resources), 網路資源 (Network Resources), SSP
- Core: IDC+
Key Customer Distribution
- 國內電信業者/CSP (Domestic Telecom Operators/CSP): 中華電信 (Chunghwa Telecom), 台灣大哥大 (Taiwan Mobile), 遠傳FET (Far EasTone FET), So-net, Taif, 大大寬頻 (Dada Broadband), GrandTech Cloud Services, CloudMile, MicroFusion, SYSTEX, 北都 (Taipeinet)
- 國際電信業者 (International Telecom Operators): Telstra, Singtel, TM, TATA, PCCW, Telin, RETN, GGCX, NTTCommunications, VOCOM, cogent, IPTP Networks
- 企業客戶 (Enterprise Customers): 財金資訊股份有限公司 (Financial Information Service Co.), 中租迪和 (Chailease Finance), 工業技術研究院 (Industrial Technology Research Institute), 國泰世華銀行 (Cathay United Bank), Amway, Qisda, GIGABYTE, D-Link, ELAND (AI・Data・Cloud), FamilyMart, watsons
- 國際雲端/AI服務業者 (International Cloud/AI Service Providers): aws, Google Cloud, Azure, IBM Cloud, ORACLE CLOUD, Meta, amazon, Microsoft, Apple, Akamai, Dropbox, NCHC, CTWS (TAIWAN WEB SERVICE), imperva, CLOUDFLARE, zscaler, GMI, BIZZARD, PacketHub, RIOT GAMES
- TPIX會員 (TPIX Members)
ESG Specific Achievements
- E (環境保護 - Environmental Protection):
- Completed ISO 14064-1 greenhouse gas inventory and verification for 2021-2024.
- LY2 Cloud Intelligent Data Center adopted green building design and supports liquid-cooled cabinets to improve PUE (Power Usage Effectiveness) and energy efficiency.
- Continuously promotes energy saving through equipment updates and investments in server rooms.
- Chief's data centers will exceed the RE100 timeline target for renewable energy use.
- S (社會責任 - Social Responsibility):
- Cares for remote orphanages, with cumulative donations exceeding NT$1.6 million.
- Donates to Digital Humanitarian Association, providing online medical consultation services for the elderly via remote video.
- Purchases books from CommonWealth Publishing and donates them to children in remote areas.
- Ranked first in median non-managerial annual salary among listed/OTC communication network companies for three consecutive years (2022-2024).
- G (公司治理 - Corporate Governance):
- Received top-tier (top 5%) ranking in OTC corporate governance evaluations for three consecutive years (2022-2024).
- Awarded "CommonWealth Sustainable Citizen Award," "CommonWealth Talent Sustainability Award," and "Best IT Employer Award" in 2024.
- Received "OTC Happy Enterprise Award" from TPEx (Taipei Exchange) in 2024.
- Awarded "CommonWealth Top 50 Listed/OTC Benchmark Enterprises" in 2025.
- Sustainability Reports: Chief 2022 Sustainability Report, Chief 2023 Sustainability Report.
Products, Services & Technology
Product Line Introduction (產品線介紹)
- Product Lines:
- IDC資料中心 (IDC Data Center)
- 數據網路 (Data Network)
- 雲端應用 (Cloud Applications)
- 交換中心 (Exchange Center)
- 語音通信 (Voice Communication)
- Certifications:
- ISO資安四重認證 (ISO Quadruple Security Certification): ISO/IEC 27001, CNS 27001, ISO/IEC 27017, ISO/IEC 27018
- DCOS-4 資料中心驗證 (DCOS-4 Data Center Validation): Managed Operations & Maintenance
- Company Introduction Video: Company Introduction Video
IDC Data Center - Telecom Neutral Professional Services
- International IDC Standards:
- International IDC SLA services.
- Customized server room design and construction.
- 7x24hrs year-round uninterrupted operation and maintenance center.
- ISO & DCOS certification.
- Complete International and Domestic Fiber Optic Network Connection:
- Fiber optic connected data centers (LY 資料中心, HD 資料中心).
- International submarine cable interconnection center.
- Richest local circuit access services.
- Foreign IDC Related Operators: Equinix, Digital Realty, QTS, KINX, Coresite, Colt, Global Switch, Sify, ST Telemedia, GDC.
- Data Centers: LY 資料中心 (LY Data Center), HD 資料中心 (HD Data Center), 聯雲智能資料中心 (Cloud Intelligent Data Center) (LY2) (activated June 2024).
- Network Infrastructure: FIBER RING.
Data Network Services - Global Interconnection Network
- Description: Complete domestic and international bandwidth resources, an important internet hub in Taiwan.
- Key Players:
- Domestic Telecom Operators (HiNet, TWGate, FET, TFN, Other's)
- International Bandwidth Operators & Submarine Cable Operators (CT/CU/CMI, Global ICP/CDN, HE, PCCW, GCX)
- Domestic Exchange Centers (TWIX, TPIX)
- Foreign Exchange Centers (DE-CIX, AMS-IX, JPIX, SGIX, EIX).
Data Network Services - IPLC & Virtual Private Network (VPN) & SD-WAN Solutions
- VPN: International Virtual Private Network.
- Key Locations:
- 華北地區 (North China): 北京 (Beijing), 天津 (Tianjin), 青島 (Qingdao)
- 華東地區 (East China): 上海 (Shanghai), 蘇州 (Suzhou), 寧波 (Ningbo), 無錫 (Wuxi), 南京 (Nanjing), 吳江 (Wujiang), 昆山 (Kunshan)
- 華中地區 (Central China): 重慶 (Chongqing), 成都 (Chengdu), 武漢 (Wuhan), 合肥 (Hefei)
- 華南地區 (South China): 深圳 (Shenzhen), 東莞 (Dongguan), 廣州 (Guangzhou), 廈門 (Xiamen), 佛山 (Foshan), 中山 (Zhongshan), 惠州 (Huizhou), 珠海 (Zhuhai)
- Other Asian Locations: 泰國 (Thailand), 越南 (Vietnam), 菲律賓 (Philippines), 馬來西亞 (Malaysia), 新加坡 (Singapore), 首爾 (Seoul), 東京 (Tokyo), 香港 (Hong Kong)
- Taiwan Locations: 台北 (Taipei), 桃園 (Taoyuan), 新竹 (Hsinchu), 台中 (Taichung), 高雄 (Kaohsiung)
- North America: 溫哥華 (Vancouver), 舊金山 (San Francisco), 洛杉磯 (Los Angeles)
- Chief's Hubs: 是方台北IDC (Chief Taipei IDC), 是方台北總部 (Chief Taipei HQ), 亞洲電信中心 (Asia Telecom Center), 國際地區 (International Regions).
Communication Services - 070 Services
- NCC Licensed Number: Global accessibility.
- Device Compatibility: PC, NB, Tablet, Mobile.
- Network Compatibility: Mobile Internet, Broadband, VPN, Wi-Fi.
- Chief 070 Customer Applications:
- 雲端總機服務 (Cloud PBX Service):
- 商務進階應用 (Advanced Business Applications):
- 語音管理中心 (Voice Management Center):
- 系統整合方案 (System Integration Solutions):
Comprehensive Cloud Service Solutions
- Cloud Service Exchange Platform:
- Service Offerings:
- PaaS 應用服務 (PaaS Application Services)
- SaaS 應用服務 (SaaS Application Services)
- 企業儲存雲服務 (Enterprise Storage Cloud Services)
- 雲端IaaS解決方案 (Cloud IaaS Solutions)
- 企業裸機雲服務 (Enterprise Bare Metal Cloud Services)
- 雲端資安解決方案 (Cloud Security Solutions)
- 企業跨雲 CCX混合雲應用 (Enterprise Cross-Cloud CCX Hybrid Cloud Applications)
- 客戶自助管理介面 (Customer Self-Service Management Interface)
- Industry Applications:
- 企業商務應用服務 (Enterprise Business Application Services)
- 大數據、電商 (Big Data, E-commerce)
- IoT物聯網 (IoT)
- 虛擬實境VR/AR服務 (Virtual Reality VR/AR Services)
- 數位內容、多媒體 (Digital Content, Multimedia)
TPCX International Submarine Cable Connection Hub
- Description: Taiwan's only public and private submarine cable converged IDC telecom building.
- Benefits: Saves expensive local circuits, direct connection between Chief IDC and submarine cable companies.
- Connections: China, Northeast Asia, Southeast Asia, USA, Europe.
Taipei Internet Exchange (TPIX)
- Description: Supply and demand generate a magnet effect.
- Membership: 207 members; largest in Taiwan; 65th largest international internet exchange hub globally.
Chief Cloud, Compute Exchange Platform Services (CCX)
- Service Model: Supports Public Cloud, Hybrid Cloud, Private Cloud.
- Key Feature: CCX高速直連 專屬安全通道 (CCX High-speed Direct Connection Dedicated Secure Channel).
Financial Highlights and Key Metrics
Recent Annual Financial and Operational Performance
Revenue & Gross Margin
| Metric | 2021 | 2022 | 2023 | 2024 | 2025-H1 |
|---|---|---|---|---|---|
| 營業收入 (Revenue) | 2,801,046 | 3,080,306 | 3,242,698 | 3,793,013 | 2,080,769 |
| 稅後淨利 (Net Profit After Tax) | 686,952 | 837,253 | 921,594 | 1,077,352 | 643,486 |
| 毛利率 (Gross Margin) | 44.8% | 47.7% | 48.9% | 47.4% | 55.1% |
Net Profit Margin & EPS
| Metric | 2021 | 2022 註1 | 2023 | 2024 | 2025-H1 |
|---|---|---|---|---|---|
| 每股盈餘 (EPS) | 9.75 | 11.85 | 11.84 | 13.82 | 8.24 |
| 淨利率 (Net Profit Margin) | 24.52% | 27.18% | 28.42% | 28.40% | 30.93% |
| 流通在外股數 (Shares Outstanding) | 70,470,131 | 70,744,881 | 77,866,370 | 77,951,370 | 77,958,370 |
EBITDA & EBITDA Margin
| Metric | 2021 | 2022 | 2023 | 2024 | 2025-H1 |
|---|---|---|---|---|---|
| EBITDA | 1,080,956 | 1,262,530 | 1,378,884 | 1,607,329 | 1,007,063 |
| EBITDA Margin | 38.6% | 41.0% | 42.5% | 42.4% | 48.4% |
Dividend Payout Ratio
| Year | Dividend (NT$) |
|---|---|
| 2020 | 8.8 |
| 2021 | 9.3 |
| 2022 | 10.0 (註1) |
| 2023 | 10.6 |
| 2024 | 12.5 (註2) |
Revenue Share by Product Service
| Product Service | 2021 | 2022 | 2023 | 2024 | 2025-H1 |
|---|---|---|---|---|---|
| 語音通信服務 (Voice Communication Services) | 29.4% | 31.2% | 31.3% | 39.0% | 47.8% |
| 雲端應用服務 (Cloud Application Services) | 46.7% | 45.0% | 43.9% | 38.9% | 35.7% |
| 數據網路服務 (Data Network Services) | 15.3% | 16.1% | 16.3% | 15.8% | 15.3% |
| IDC機房服務 (IDC Data Center Services) | 8.6% | 7.7% | 8.5% | 6.3% | 1.2% |
Future Outlook and Guidance & Strategic Initiatives and Plans
Operational Development Focus
- Chief Cluster (是方聚落): Taipei Ring, Taiwan Ring. Chief Campus.
- Smart Health Services (智慧健康服務).
- Cloud Intelligent Data Center (聯雲智能資料中心).
- Expand CCX and Cloud Partners (拓展CCX及雲端合作夥伴).
- Rich Network and Telecom Resources (豐富的網路及電信資源).
- Expand TPIX and International Ring (擴大TPIX及國際環).
- SD-WAN and Security Services (SD-WAN及資安服務).
- AI Compute Power and Application (AI算力及運用).
- Cloud Service Hub (CCX) (雲服務樞紐(CCX)).
Cloud Intelligent Data Center Expanding Magnet Effect
- Service Enhancement: Enhance network traffic (for streaming, gaming downloads) and expand services.
- Strategic Positioning: Located in the center of East Asia, attracting international operators to settle in.
- Facility: 聯雲智能資料中心_LY2 (Cloud Intelligent Data Center_LY2).
Three-Ring Three-Line - Abundant Domestic and International Network Resources
- Complete International and Domestic Fiber Optic Network:
- 台北環 (Taipei Ring): Fiber optic connection to Chief IDC data center.
- 台灣環 (Taiwan Ring): Fiber optic connection to six major metropolitan areas.
- 國際環 (International Ring): High-speed bandwidth connection to Tokyo, Hong Kong, and Singapore.
- 國際海纜中心 (International Submarine Cable Center): Direct connection to USA, Europe, East Asia, and China.
- Chief Three-Ring Network: Breaks geographical distance limitations, focuses on data, AI, and cloud application services.
Collaborating with International Operators to Expand International Network
- Key Capabilities:
- Taiwan's First International Neutral Data Center.
- Taiwan's First Internet Exchange (TPIX).
- Taiwan's Main Public Cloud Exchange Platform Gateway (CCX).
- Taiwan's Main International Submarine Cable Gateway.
East Asia Digital Convergence and Cloud, AI Compute Power Application Center
- Project Name: 是方 ACTIoN3計畫 (Chief ACTIoN3 Project).
- Vision: Based on Chief's new generation neutral data centers and three-ring global network deployment, provide AI, Cloud, Telecom, and Network services to domestic and international operators and application service providers.
- Strategic Goal: Simultaneously promote industry upgrade and help Taiwan become an AI smart island, creating a shared future.