AMICCOM Electronics Corporation (笙科電子股份有限公司) 5272 2025 Q2 法說會簡報
- 時間： September 16th, 2025
- 主講人： General Manager F.L. Lin
- 公司代號： 5272
- 企業口號： 無線未來 無限可能 (Wireless Future, Infinite Possibilities)
Disclaimer
This presentation is prepared by AMICCOM Electronics Corp. (referred to as "the Company") and contains forward-looking statements and outlooks reflecting the Company's current views. These forward-looking statements and outlooks may differ materially from actual results or not occur as expected due to various uncontrollable risks, uncertainties, and different assumptions. Readers should not solely rely on this presentation for their investment decisions.
The Company is not responsible for providing timely reminders, updates, or corrections for any future changes or adjustments to the content of this presentation. The Company, its affiliates, consultants, or representatives are not liable for any losses caused by the information presented or contained herein.
The information presented or contained in this presentation is subject to change without notice and its accuracy is not guaranteed. This presentation does not constitute an offer to issue securities.
Company Overview
Company Profile
- Date of Establishment: September 23, 2005
- Company Headquarters: 10F, No. 18, Taiyuan St., Zhubei City, Hsinchu County, Taiwan
- Capital: NT$552.76 million
- Number of Employees: 99 (71% R&D personnel; 51% Master's degree or above)
- Business Scope: Research, design, development, manufacturing, and sales of wireless radio frequency integrated circuits (RF IC) and their modules.
- Operating Locations: Zhubei, Taipei, Shenzhen, Shanghai, Japan
- Main Products: RF IC (無線射頻積體電路), RF SoC
Product Portfolio
Solutions for various wireless communication technologies:
- 2.4 GHz
- Sub-1GHz
- 5.8 GHz
- Audio
- Bluetooth LE
- Satellite
Financial Highlights
Balance Sheet
| Item | 2023 | 2024 | 2025Q2 |
|---|---|---|---|
| Current Assets | 386,513 | 362,312 | 329,604 |
| Cash and Cash Equivalents | 85,801 | 74,635 | 81,643 |
| Inventories | 169,529 | 125,107 | 118,311 |
| Non-current Assets | 872,136 | 779,313 | 739,432 |
| Total Assets | 1,258,649 | 1,141,625 | 1,069,036 |
| Current Liabilities | 51,670 | 48,766 | 60,174 |
| Total Liabilities | 151,444 | 139,594 | 144,221 |
| Share Capital | 552,761 | 552,761 | 552,761 |
| Total Equity | 1,107,205 | 1,002,031 | 924,815 |
Comprehensive Income Statement
| Item | 2025Q2 | % | 2024Q2 | % | YOY |
|---|---|---|---|---|---|
| Operating Revenue | 189,339 | 100 | 163,721 | 100 | 16 |
| Gross Profit | 80,689 | 43 | 72,097 | 44 | 12 |
| Operating Net Income (Loss) | (36,438) | (19) | (41,884) | (26) | 13 |
| Net Income (Loss) After Tax | (33,522) | (18) | 11,582 | 7 | (389) |
| EPS (Loss) (NT$) | (0.61) | 0.21 | (390) |
Performance Metrics
Revenue and Profitability
| Year | Revenue | Net Income (Loss) | GM(%) | EPS(NTD) |
|---|---|---|---|---|
| 2021 | 579,748 | 52,520 | 52 | 0.96 |
| 2022 | 509,302 | 48,244 | 55 | 0.88 |
| 2023 | 333,525 | (31,098) | 48 | (0.56) |
| 2024 | 331,795 | (5,099) | 46 | (0.09) |
| 2025Q2 | 189,339 | (33,522) | 43 | (0.61) |
Business Segments
Product Applications
2.4GHz
- Wireless Headsets
- Wireless gaming controllers
- ESL (Electronic Shelf Label)
Sub-1GHz
- Smart Grid applications
- Smart home devices (e.g., Smart curtain, Wireless thermostat)
- Home security systems
- ESL
Wi-SUN Technology
- Smart cities and advanced traffic systems
- Environmental sensors, AMI metering, and smart lighting
Bluetooth LE
- BLE scale, smart locks, and wearable devices
- ESL (Bluetooth 5.4 tailor-made applications)
Satellite
- LNB (Low-Noise Block converters)
Outlook & Strategy
Key Strategic Initiatives
- Focus on Wi-SUN solutions with certified FAN PHY, Router, and Border Router products.
- Develop new SOCs targeting 5.8GHz audio, BLE 5.4 ESL, and Sub-1GHz Wi-SUN FAN applications.
Market Forecasts
Wi-SUN Technology
- Projected to grow at a CAGR of 7.7% from 2025 to 2031.
Bluetooth ESL Market
- Forecasted 4.2x growth by 2029.
Additional Data
Recent Product Mix
| Product line | 2023 | 2024 | 2025Q2 |
|---|---|---|---|
| 2.4GHz | 42% | 56% | 49% |
| Sub-1GHz | 39% | 28% | 43% |
| Others (Audio + 5.8GHz) | 10% | 10% | 6% |
Public Information Access Channels
- Website: http://www.amiccom.com.tw
- Market Observation Post System: Enter stock code "5272"