Polytronics Technology Corp. (聚鼎科技股份有限公司) [6224] 2025 Q2 法說會簡報
Company Overview
- Company Name: 聚鼎科技股份有限公司 (POLYTRONICS TECHNOLOGY CORP.)
- Establishment: 1997年 (1997)
- Paid-in Capital (as of 2022): 856,453 千元 (NTD 856,453 thousand)
- Chairman/Responsible Person: 朱復華 博士 (Dr. Chu Fu-Hua)
- Industry Category: 電子零組件製造業 (Electronic Components Manufacturing)
- Number of Employees: 500+ 人 (+200)
Global Layout Overview (全球佈局概況)
- Manufacturing and Sales Locations Expansion: North America, Europe, Greater China, and Northeast Asia.
- Operating Centers and Production Bases:
- Hsinchu, Taiwan:
- Operations Headquarters
- Polytronics Technology Corp.
- Polymer Technology Corp.
- Wisconsin, USA:
- TCLAD INC.
- Kunshan, China:
- Kunshan Polytronics Electronics
- Suzhou Polymer Electronics
- Hsinchu, Taiwan:
- Sales Offices:
- Germany: TCLAD Europe GmbH
- South Korea
- China: Hong Kong
- China: Shenzhen
History Milestones (大事記)
- 1997~2000:
- 1997: Capital 140,000 Thousand Dollars
- 1998: Moved into Hsinchu Science Park
- 1998: SMD Mass Production for ASUS customer
- 2001~2010:
- 2002: Invested and Established Kunshan Polystar Electronics
- 2003: Applied for Taiwan OCT
- 2005: Established Kunshan Polystar Factory and Mass Production
- 2007: Low-Rho SMD Development
- 2008: TCB series Mass Production
- 2010: POLYMER ESD Launched
- 2011~2020:
- 2012: 0402 Low-Rho SMD Development
- 2014: Design-Win with the Top 3 global cell phone company
- 2016: Current Limiting Module Development
- 2017: Acquired Senchip Microelectronics Inc.
- 2021~:
- 2021: Acquired TCLAD group from Henkel
- 2022: 0201 SMD selling quantity exceeded 500 million pcs
Products, Services & Technology
Polytronics' Three Cornerstones of Growth and Expansion (聚鼎成長擴展的三項根基)
- Core Technology & Target Market: Polytronics = Polymer (core technology) + Electronics (target market)
Product Offerings: Total Circuit Protection Solution
- OCP: 過電流保護 (Over-Current Protection):
- Includes various types of fuses and PTC resettable fuses.
- OVP: 過電壓保護 (Over-Voltage Protection):
- Includes TVS diodes, Varistors, and GDTs (Gas Discharge Tubes).
- OTP: 過溫度保護 (Thermal Management Solution):
- Includes thermal cutoffs, thermal sensors, heat sinks, and PCBs with thermal management features.
Product Scope
- Various Types of Over-Current and Over-Voltage Protection Products.
Certifications and Awards (認證與獎項)
- Quality Systems: ISO 9001, ISO 14001, IATF 16949
- Laboratory Certification: Certified by UL and TUV, complying with ISO17025
- Automotive Product Certification: VDA 6.3 Requirement, AEC-Q101 & AEC-Q200 Qualified
- Environmental and Supplier Responsibility Certification: EICC and SR Requirement, certified by APPLE
- Industry Recognition: Ministry of Economic Affairs First-term Potential Gazelle Enterprise
Recent Performance and Results
Sales Revenue (Monthly) 2021~2025 (Unit: 1,000 NTD)
| Month | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Jan | 203,020 | 263,412 | 197,430 | 238,036 | 243,361 |
| Feb | 155,991 | 239,974 | 232,593 | 177,981 | 218,280 |
| Mar | 190,272 | 285,164 | 232,119 | 206,800 | 255,530 |
| Apr | 212,367 | 229,781 | 220,648 | 219,194 | 283,218 |
| May | 286,471 | 256,353 | 240,333 | 214,679 | 261,481 |
| Jun | 318,539 | 247,816 | 255,204 | 240,197 | 214,899 |
| Jul | 336,473 | 254,478 | 256,451 | 257,280 | 221,108 |
| Aug | 312,975 | 217,547 | 249,452 | 277,948 | |
| Sep | 302,972 | 262,930 | 253,967 | 331,719 | |
| Oct | 270,807 | 225,605 | 238,173 | 270,232 | |
| Nov | 265,220 | 239,771 | 216,379 | 223,982 | |
| Dec | 226,487 | 220,020 | 201,004 | 267,380 |
Sales by Business Unit (B.U.)
| Period | Component | TCALD/TCB |
|---|---|---|
| 2024 H1 | 56% | 44% |
| 2025 H1 | 64% | 36% |
| 2025 Q1 | 65% | 35% |
| 2025 Q2 | 63% | 37% |
Year-over-Year (YoY) and Quarter-over-Quarter (QoQ) Change
- YoY (2025 H1 vs 2024 H1):
- Component: +30%
- TCLAD/TCB: -7%
- QoQ (2025 Q2 vs 2025 Q1):
- Component: +3%
- TCLAD/TCB: +11%
Financial Highlights and Key Metrics
Consolidated Income Statements 2022~2025 H1 (Unit: NTD. 1,000,%)
| Metric | 2022 | % | 2023 | % | 2024 | % | 2024H1 | % | 2025H1 | % |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Revenue | 2,942,851 | 100 | 2,793,752 | 100 | 2,925,428 | 100 | 1,296,887 | 100 | 1,476,769 | 100 |
| Net operating margin | 508,877 | 17 | 700,974 | 25 | 913,038 | 31 | 377,871 | 29 | 462,678 | 31 |
| Operating Profit | -185,663 | -6 | -74,551 | -3 | 115,864 | 4 | -10,752 | -1 | 61,083 | 4 |
| Non-operating income(expense) | 156,646 | 5 | 107,230 | 4 | 79,483 | 3 | 59,619 | 5 | 26,075 | 2 |
| Profit before tax | -29,017 | -1 | 32,679 | 1 | 195,347 | 7 | 48,867 | 4 | 87,158 | 6 |
| Profit for the period | -106,195 | -4 | -28,969 | -1 | 123,304 | 4 | 14,311 | 1 | 41,725 | 3 |
| Profit attributable to owners of the parent | 89,938 | 3 | 106,353 | 4 | 190,945 | 6 | 64,684 | 5 | 71,488 | 5 |
| Basic earnings per share | 1.05 | 1.24 | 2.23 | 0.76 | 0.84 |
Consolidated Income Statements of 2024Q3~2025Q2 (Unit: NTD. 1,000,%)
| Metric | 2024 Q3 | % | 2024 Q4 | % | 2025 Q1 | % | 2025 Q2 | % |
|---|---|---|---|---|---|---|---|---|
| Operating Revenue | 866,947 | 100 | 761,594 | 100 | 717,171 | 100 | 759,598 | 100 |
| Net operating margin | 273,810 | 32 | 261,357 | 34 | 226,364 | 31 | 236,314 | 31 |
| Operating Profit | 82,872 | 10 | 43,744 | 6 | 22,698 | 3 | 38,385 | 5 |
| Non-operating income(expense) | 11,325 | 1 | 8,539 | 1 | 25,672 | 4 | 403 | 0 |
| Profit before tax | 94,197 | 11 | 52,283 | 7 | 48,370 | 7 | 38,788 | 5 |
| Profit for the period | 76,217 | 9 | 32,776 | 4 | 19,859 | 3 | 21,866 | 3 |
| Profit attributable to owners of the parent | 80,339 | 9 | 45,922 | 6 | 37,047 | 5 | 34,441 | 5 |
| Basic earnings per share | 0.94 | 0.54 | 0.43 | 0.40 |