ELAN Microelectronics Corporation (台灣股票代號: 2458) 2025 Q2 法說會簡報
Company Overview
- Company Name: ELAN Microelectronics Corporation
- Slogan: SENSE THE FUTURE
Products, Services & Technology
Product Line Categories
- 觸控產品 (Touch Products):
- 觸控螢幕晶片 (Touchscreen ICs)
- 觸控板 (Touchpads)
- 生物辨識晶片 (Biometric ICs)
- 非觸控產品 (Non-Touch Products):
- 微控制器 (Microcontrollers)
- 指向裝置 (Pointing Devices)
- 關係企業產品 (Affiliate Products)
Financial Highlights and Key Metrics
3.1. Revenue Breakdown by Product Line (Consolidated Revenue)
Unit: NT$ Million
| Period | Total Revenue | Non-Touch (%) | Touch (%) |
|---|---|---|---|
| 2023 | 12,059 | 22 | 78 |
| 2024 | 12,696 | 20 | 80 |
| 1Q24 | 3,106 | 18 | 82 |
| 2Q24 | 3,151 | 17 | 83 |
| 3Q24 | 3,403 | 20 | 80 |
| 4Q24 | 3,036 | 25 | 75 |
| 1Q25 | 3,119 | 18 | 82 |
| 2Q25 | 3,032 | 16 | 84 |
3.2. Consolidated Income Statement - 2025 Q2 vs. 2024 Q2
Unit: NT$ Million
| Item | 2025 Q2 | % | 2024 Q2 | % | YoY (%) |
|---|---|---|---|---|---|
| Net Operating Revenue | 3,032 | 100.0 | 3,151 | 100.0 | (3.8) |
| Gross Profit | 1,456 | 48.0 | 1,530 | 48.6 | (4.8) |
| Selling Expenses | 84 | 2.8 | 90 | 2.9 | |
| Administrative Expenses | 109 | 3.6 | 128 | 4.0 | |
| R&D Expenses | 519 | 17.1 | 544 | 17.3 | |
| Operating Expenses | 712 | 23.5 | 762 | 24.2 | (6.6) |
| Operating Income | 744 | 24.5 | 768 | 24.4 | (3.1) |
| Non-operating Income and Expenses | (324) | (10.6) | 108 | 3.4 | |
| Income Before Tax | 420 | 13.9 | 876 | 27.8 | (52.1) |
| Net Income After Tax | 310 | 10.2 | 718 | 22.8 | |
| Net Income Attributable to: | |||||
| Owners of the Parent | 353 | 11.6 | 738 | 23.4 | (52.2) |
| Non-controlling Interests | (43) | (20) | |||
| EPS (NT$) | 1.23 | 2.58 | (52.3) |
3.3. Consolidated Income Statement - 2025 Q2 vs. 2025 Q1
Unit: NT$ Million
| Item | 2025 Q2 | % | 2025 Q1 | % | QoQ (%) |
|---|---|---|---|---|---|
| Net Operating Revenue | 3,032 | 100.0 | 3,119 | 100.0 | (2.8) |
| Gross Profit | 1,456 | 48.0 | 1,564 | 50.1 | (6.9) |
| Selling Expenses | 84 | 2.8 | 83 | 2.7 | |
| Administrative Expenses | 109 | 3.6 | 118 | 3.8 | |
| R&D Expenses | 519 | 17.1 | 578 | 18.5 | |
| Operating Expenses | 712 | 23.5 | 779 | 25.0 | (8.6) |
| Operating Income | 744 | 24.5 | 785 | 25.1 | (5.2) |
| Non-operating Income and Expenses | (324) | (10.6) | (66) | (2.0) | |
| Income Before Tax | 420 | 13.9 | 719 | 23.1 | (41.6) |
| Net Income After Tax | 310 | 10.2 | 515 | 16.5 | |
| Net Income Attributable to: | |||||
| Owners of the Parent | 353 | 11.6 | 549 | 17.6 | (35.7) |
| Non-controlling Interests | (43) | (34) | |||
| EPS (NT$) | 1.23 | 1.92 | (35.9) |
3.4. Consolidated Income Statement - 2025 H1 vs. 2024 H1
Unit: NT$ Million
| Item | 2025 H1 | % | 2024 H1 | % | YoY (%) |
|---|---|---|---|---|---|
| Net Operating Revenue | 6,151 | 100.0 | 6,257 | 100.0 | (1.7) |
| Gross Profit | 3,020 | 49.1 | 3,019 | 48.2 | 0.0 |
| Selling Expenses | 167 | 2.7 | 184 | 2.9 | |
| Administrative Expenses | 227 | 3.8 | 257 | 4.1 | |
| R&D Expenses | 1,097 | 17.8 | 1,161 | 18.6 | |
| Operating Expenses | 1,491 | 24.3 | 1,602 | 25.6 | (6.9) |
| Operating Income | 1,529 | 24.8 | 1,417 | 22.6 | 7.9 |
| Non-operating Income and Expenses | (390) | (6.2) | 285 | 4.6 | |
| Income Before Tax | 1,139 | 18.6 | 1,702 | 27.2 | (33.1) |
| Net Income After Tax | 825 | 13.4 | 1,365 | 21.8 | |
| Net Income Attributable to: | |||||
| Owners of the Parent | 902 | 14.7 | 1,421 | 22.7 | (36.5) |
| Non-controlling Interests | (77) | (56) | |||
| EPS (NT$) | 3.15 | 4.98 | (36.7) |
3.5. Consolidated Balance Sheet (as of June 30, 2025)
Unit: NT$ Million
| Item | Amount |
|---|---|
| Assets | |
| Current Assets | 7,606 |
| Cash and Cash Equivalents | 3,143 |
| Financial Assets - Current | 393 |
| Notes and Accounts Receivable, Net | 2,054 |
| Inventories, Net | 1,769 |
| Other Current Assets | 74 |
| Other Financial Assets - Current | 173 |
| Financial Assets - Non-current | 1,817 |
| Property, Plant and Equipment | 3,632 |
| Other Non-current Assets | 1,318 |
| Total Assets | 14,373 |
| Liabilities | |
| Current Liabilities | 3,176 |
| Non-current Liabilities | 1,417 |
| Total Liabilities | 4,593 |
| Equity | |
| Share Capital | 3,039 |
| Capital Surplus | 1,159 |
| Retained Earnings | 6,253 |
| Other Equity | (25) |
| Treasury Stock | (833) |
| Non-controlling Interests | 187 |
| Total Equity | 9,780 |
3.6. Consolidated Cash Flow Statement (as of June 30, 2025)
Unit: NT$ Million
| Item | Amount |
|---|---|
| Income Before Tax for the Period | 1,139 |
| Depreciation and Amortization | 153 |
| Increase in Notes and Accounts Receivable | (57) |
| Increase in Inventories | (66) |
| Decrease in Prepayments and Other Current Assets | 77 |
| Fair Value Changes of Financial Assets Measured at FVTPL | 216 |
| Share of Profit/Loss of Associates Accounted for Using Equity Method | 82 |
| Decrease in Notes and Accounts Payable | (71) |
| Interest Income | (35) |
| Loss on Inventory Write-downs and Scrapping | 43 |
| Decrease in Other Receivables | 216 |
| Decrease in Other Current Liabilities | (294) |
| Income Tax Paid | (372) |
| Interest Received | 36 |
| Others | (21) |
| Net Cash Inflow from Operating Activities | 1,046 |
| Acquisition of Property, Plant and Equipment | (893) |
| Dividends Received | 87 |
| Capital Reduction Refund from Investees Accounted for Using Equity Method | 48 |
| Net Increase in Funds and Investments | (58) |
| Decrease in Time Deposits with Maturity over Three Months | 701 |
| Others | (5) |
| Net Cash Outflow from Investing Activities | (120) |
| Increase in Short-term Borrowings | 62 |
| Decrease in Short-term Borrowings | (52) |
| Cash Dividends Paid | (1,078) |
| Others | 17 |
| Net Cash Outflow from Financing Activities | (1,051) |
| Net Decrease in Cash and Cash Equivalents for the Period | (130) |
| Cash and Cash Equivalents at Beginning of Period | 3,273 |
| Cash and Cash Equivalents at End of Period | 3,142 |
Future Outlook and Guidance
2025 Q3 Business Outlook
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Disclaimer: According to Article 2 of the Taiwan Stock Exchange's "Standards for Public Disclosure of Complete Financial Forecasts by Listed Companies": If the absolute value of the total net non-operating income and expenses in the consolidated (or individual) financial statements for the most recent four quarters exceeds 10% of the total income before tax, no forward-looking information may be mentioned in the investor conference.
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Financial Data for Assessment (Unit: NT$ Thousand):
| Item | 2Q25 | 1Q25 | 4Q24 | 3Q24 | Amount for Previous Four Quarters |
|---|---|---|---|---|---|
| Net Non-operating Income and Expenses | (323,787) | (66,281) | 5,488 | (83,698) | (468,278) |
| Income Before Tax (Loss) | 420,375 | 718,916 | 727,748 | 842,877 | 2,709,916 |
| Ratio of Net Non-operating Income/Expenses to Income Before Tax | -17.3% |
- Conclusion: Since the absolute value of the ratio of net non-operating income/expenses to income before tax for the most recent four quarters (17.3%) is greater than 10%, the company is unable to provide specific forward-looking guidance for 2025 Q3 during this investor conference.