巨路 (LUMAX) 2025Q3 法說會簡報
Company Overview
公司名稱: 巨路國際股份有限公司 (LUMAX INTERNATINAL CORP., LTD.) 會議日期: Nov, 2025 報告期間: 2025/Q1-Q3 營運結果報告
Financial Highlights
2025/Q1-Q3 營運結果摘要 (NT$ M)
| 項目 (NT$ M) | 2024/Q1-Q3 | 2025/Q1-Q3 | YOY | 備註 |
|---|---|---|---|---|
| Revenue (營收) | 5,616 | 5,341 | -4.9% (Based on Slide 5) | |
| Gross Margin (毛利) | 1,650 | 1,796 | ||
| Gross Margin Rate (毛利率) | 29.4% | 33.6% | ||
| Operating Expense (營運費用) | 861 | 869 | ||
| Operating Expense Rate | 15.3% | 16.3% | ||
| Operating Income (營運收入) | 789 | 927 | 17.5% | |
| Operating Income Rate | 14.0% | 17.4% | ||
| Non-Op Income (net) (業外收支淨額) | 109 | -5 | ||
| Pretax Profits (稅前淨利) | 897 | 923 | ||
| Net Profits (稅後淨利) | 688 | 738 | 7.3% | |
| EPS (NT$) (每股盈餘) | 7.16 | 7.66 |
獲利能力與營收表現 (Resilient Profitability Despite Revenue Dip)
儘管營收微幅下滑，獲利能力依舊穩健。
- Cumulative 3-quarter revenues recorded at NT$5.34 billion (-4.9% YoY).
- Net profit grew robustly to NT$738 million (+7.3% YoY).
- Operating income increased significantly to NT$927 million (+17.5% YoY).
- 3-quarter EPS rose to NT$7.66 (vs. NT$7.16 YoY).
利潤表現持續提升 (Division and Geographic Mix Shifts)
- Gross margin rate improved notably to 33.0%, up from 29.0% YoY (Note: Cumulative Q1-Q3 2025 GM rate is 33.6% per table).
- Q3 (single quarter) gross margin also improved significantly to 33.0%, up from 26.0% YoY.
- Q3 (single quarter) net profit grew 24.5% YoY to NT$254 million, reflecting strong operational momentum.
營收地區比重變化
大陸佔營收比重明顯下滑
| 期間 | Taiwan (台灣) | China (大陸) |
|---|---|---|
| 2023 | 52.4% | 47.6% |
| 2024 | 58.3% | 41.7% |
| 2025/Q1 | 75.2% | 24.8% |
| 2025/Q2 | 69.8% | 30.2% |
| 2025/Q3 | 72.4% | 27.6% |
Products & Technologies
透過巨路,將 Emerson 之AI創新帶給客戶
巨路透過與 Emerson 的合作，將其AI創新技術帶給客戶。
Emerson 核心優勢:
- Emerson's leading technology, domain knowledge and application expertise drive differentiated results.
- Emerson continues to launch AI-powered tools to unlock productivity and workflow automation.
重點成長垂直領域 (Secular Growth Verticals):
- Power
- LNG
- Life Sciences
- Semiconductor
技術平台與軟體 (Industrial Software):
- DELTAV™
- aspentech
Source: Emerson; company data