點晶科技股份有限公司 [time:2025Q4] 法說會簡報
日期: December 4, 2025 簡報人: 金際遠
Company Overview
宗旨 (Mission/Tenet) (P. 2)
- 深耕核心技術 (Deeply cultivate core technology)
- 開發創意產品 (Develop creative products)
- 豐富美好人生 (Enrich beautiful life)
B-to-B商業口碑 (B-to-B Business Reputation) (P. 5)
- 創新性高 (High Innovation)
- 新產品導入世界大廠 (New products adopted by major global manufacturers)
- 信賴性及一致性高 (High Reliability and Consistency)
- 不可出錯應用為主要銷售市場 (Mission-critical applications are the main sales market)
- 客戶服務性佳 (Excellent Customer Service)
- 衍生變異產品完整,即時交貨,客訴極少 (Complete range of derivative products, just-in-time delivery, extremely few customer complaints)
- 全世界布局 (Global Layout)
Financial Highlights
歷年營收餘絀圖 (Historical Annual Revenue and Surplus/Deficit Chart) (P. 19)
| 項目 | 年度 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025,1~9 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 營收 | 0 | 1,180 | 24,396 | 110,122 | 143,596 | 311,268 | 552,550 | 659,511 | 722,165 | 693,649 | 834,744 | 704,049 | 690,741 | 734,418 | 616,582 | 365,590 | 363,605 | 385,292 | 261,172 | 205,376 | 185,516 | 168,700 | 120,209 | 100,512 | 111,062 | 115,871 | 98,084 | 81,780 | 52,207 | |
| 淨利 | (15,075) | (38,194) | (30,996) | 2,863 | 734 | 47,202 | 143,211 | 144,621 | 116,800 | 84,682 | 128,548 | 11,694 | 352 | 1,574 | (7,622) | (114,774) | (72,878) | (20,889) | (96,415) | (117,720) | (4,824) | 2,797 | 4,214 | (8,057) | (33,635) | 2,816 | 2,155 | (5,328) | (8,479) |
- 提問: 如何重返榮景 (How to return to prosperity?)
Business Segments
公司產品線架構圖 (Company Product Line Architecture Diagram) (P. 3)
| 產品大類 (Segment) | 產品/應用 (Products/Applications) | 預計推出時間 (Roadmap) |
|---|---|---|
| 電能 (Power) | 電源系統 (Power System) | |
| Power (Transience included) Monitoring management and Protection ICs | [2025] | |
| Power Event Tracking & Monitoring | [2026] | |
| 電源監控晶片 (Power Monitoring IC) | ||
| 音效 (Audio) | 音效光纖傳輸 - Modules & 晶片 (Audio Fiber Optic Transmission - Modules & Chips) | |
| 照明 (Lighting) | LED 照明, LED 裝飾, 光感測 (LED Lighting, LED Decoration, Light Sensing) | |
| LED 驅動晶片 (LED Driver ICs) | ||
| 影像處理 (Image Processing) | LED 看板顯示 (LED Signage Display) | |
| LED 穿透看板 (LED Transparent Signage) | ||
| LED 看板控制 (LED Signage Control) | [2026] | |
| LED 顯示驅動晶片 (LED Display Driver ICs) | ||
| LED 顯示控制晶片 (LED Display Control ICs) | [2026] | |
| 手機&電腦 (Mobile Phones & Computers) | 馬達 (Motor): Energy Saving Heat Dissipation Noiseless DC-Motor-Driven IC | [2024] |
| 馬達 (Motor): Driven IC | [2023] | |
| 影像擷取 (Image Capture): LC Lens | [2026] | |
| 影像擷取 (Image Capture): VCM 馬達驅動晶片 (VCM Motor Driver IC) | ||
| 影像擷取 (Image Capture): 步進馬達晶片 (Stepper Motor IC) | ||
| 影像擷取 (Image Capture): 紅外光濾光玻璃鏡片 (Infrared Cut Filter Glass Lens) | [2025] | |
| 環境&醫療 (Environment & Medical) | 降解塑膠 (Degradable Plastics) |
核心技術與設計原則 (Core Technologies & Design Principles) (P. 3)
- 核心技術: 材料技術 (Material Technology), 類比&數位 IC設計技術 (Analog & Digital IC Design Technology), 整合技術 (Integration Technology).
- 設計原則: 創意性&時尚性 (Creativity & Fashionability), 可靠性&一致性 (Reliability & Consistency), 雲端性&互聯性 (Cloud & Interconnectivity).
Products & Technologies
產品銷售實績與市佔 (Product Sales Performance and Market Share) (P. 4)
(Data as of November, 2025)
| 產品 (Product) | 競爭同業 (Competitors) | 間接品牌客戶 (Indirect Brand Clients) | 直接客戶 (Direct Clients) | 總銷售量 (Total Sales) | 市佔比 (Market Share) |
|---|---|---|---|---|---|
| 筆記本風扇驅動晶片 (NB Fan Driver IC) | NB & Server Fan, Melexis, Rohm, Sanyo | DELL, HP, IBM, NEC, Sony | DELTA, SUNON | 141,071K | - |
| 相機馬達驅動晶片 (Camera Motor Driver IC) | DSC Lens Module, Renesas, Sanyo, Compact Camera Module, ADI, Dongwoon, Rohm, TI | Altek, Asia Optical, Premier, Canon, HP, Kodak, Foxlink, Lite-On, Namuga, Patron, Truly, Arima, Huawei, Compal, LG, Samsung | N/A | 1,845K, 57,515K, 4,597K, 111,843K | - |
| 電腦電源監控晶片 (PC Power Monitoring IC) | PC Power Supply, ST, TI, Weltrend, Settop Box Power Supply, TI | AcBel, Chicony Power, FSP, Lite-On, Apple, Dell, HP, IBM, Siemens, Lite-On, Motorola | N/A | 5,832K, 395,053K, 2,244K, 35,693K | 35% |
| LED 照明顯示看板驅動晶片 (LED Lighting Display Signage Driver IC) | LED Image Display, TI, Macroblock, Sumacro, LED Lighting, TI, Toshiba | World Top 10 Companie(Cartronix, Barco, etc), LG, Nichia, Panasonic, Philips, Artistic Licence, LED Effects, Traxon (OSRAM) | N/A | 7,986K, 494,890K, 470K, 37,641K | 25% |
| 音頻光纖傳輸公面晶片 (Audio Fiber Optic Transmission Transmitter IC) | DVD/MP3 Optical Transceiver, Capella, SHARP | Edison, Everlight, Lite-on, Foxconn, Hoshiden, SMK, Sony | N/A | 27,015K, 1,737,401K | 60% |
關鍵產品與應用實例 (Key Products and Application Examples)
創新性產品 (Innovation Products) (P. 6-9)
- 筆記型電腦風扇驅動晶片 (Notebook Fan Driver IC)
- 產品: ST1111F
- 年份: 1997
- 長串接LED幕簾看板驅動晶片 (Long-Chain LED Curtain Signage Driver IC)
- 產品: DM412
- 應用: Leurocom, Milan, 2007
- 三星手機VCM自動對焦晶片 (Samsung Mobile VCM Auto-Focus IC) (二供應商之一)
- 產品: VM149C, VM 242 (8MB Flash), VM 244 (32KB Flash)
- 應用: Samsung, MD 127, 2006
- 技術特點:
- High Density Current Driving for Limited Sizing
- Hall Sensing for Close-Loop Control
- Silent Shifting for Video Recording
- 相關零組件: 紅外光濾光鏡片 (Infrared Cut Filter Lens)
信賴性產品 (Reliability Products) (P. 10-13)
- 電源管理監控晶片 (Power Management Monitoring IC)
- 產品: ST1411
- 年份: 2000
- 特點: 取代以往只有歐美廠商供貨 (Replaced ICs previously supplied only by European and American manufacturers).
- 高耐久性LED照明驅動晶片 (High Durability LED Lighting Driver ICs)
- 產品: DM413, DD311
- 應用: DM413, Beijing, 2008 (Various Solutions Available, High Durability); DD311, Beijing, 2008 (High Reliability, Colorfulness).
- 高信賴性LED應用 (High Reliability LED Applications)
- 產品: ST 2226A, DM413
- 應用: ST 2226A, Seattle, 2004 (Customer Design Support, Field Application Support Available); DM413, Siemens Superstar, 2009 (High Reliability).
電動車應用 (Electric Vehicle Applications) (P. 21-24)
- 台製摩托車LED顯示面板驅動晶片 (Taiwanese Motorcycle LED Display Panel Driver IC)
- 產品: DM13C
- 應用: Gogoro Electric Motorcycle SuperSport Series, 2022
- 日本Nissan車用儀表板LED驅動晶片 (Japan Nissan Automotive Dashboard LED Driver IC)
- 產品: ST2225A
- 應用: NISSAN MARCH dashboard, 2004
- 重車LED儀錶板驅動晶片 (Heavy Truck LED Dashboard Driver IC)
- 產品: DM13C
- 應用: Dongfeng Motor Tianlong Truck, 2024
雲端AI運算應用 (Cloud AI Computing Applications) (P. 25-27)
- Nvidia / GPU電源監控晶片 (Nvidia / GPU Power Monitoring IC)
- 產品: PS240-10 (Die shot shown)
- Nvidia對多核心運算之電源監控需求 (Nvidia's Power Monitoring Requirements for Multi-Core Computing):
- Input transient requirement (PCI Express CEM 600W Add-in Card Power Excursion Limits):
- T ≤ 100μs: R = 3
- 100 < T < 1,000,000μs: R = 4 – 0.2171 x ln(T)
- 1,000,000 ≤ T: R = 1
- Input slew rate requirement: 12V input, current slew rate 5A/uS at least.
- Input transient requirement (PCI Express CEM 600W Add-in Card Power Excursion Limits):
Clients & Markets
日本LED看板市場 (Japanese LED Signage Market) (P. 15)
- 主要供應商 (Major Supplier)
- 應用實例: 美國亞特蘭大勇士隊的家球場納め (Installed in Atlanta Braves Home Stadium), 三菱電機「オーロラビジョン」 (Mitsubishi Electric "Aurora Vision").
- 產品: DM135, 2005
- 夥伴關係: Mitsubishi want to continue the good partnership with SiTI. (P. 16)
世界市場布局 (Global Market Layout) (P. 18)
- 定電流LED驅動晶片 (Constant Current LED Driver IC) (與Toshiba同時推出)
- 應用場景: Geneva, Las Vegas, Johannesburg, New York (Times Square).
Outlook & Strategy
十年沉潛 扎根佈局 (Ten Years of Quiet Cultivation and Rooted Layout) (P. 20)
佈局新興市場 (Layout in Emerging Markets)
- 電動車 (Electric Vehicles)
- 雲端AI運算 (Cloud AI Computing)
- 元宇宙 (Metaverse)
- ESG等綠能節能產業 (ESG and other green energy/energy saving industries)
研發新興市場所需核心技術及競爭力 (Core Technology R&D and Competitiveness for Emerging Markets)
- 節能移動、省電轉動 (Energy-saving movement, power-saving rotation).
- 低電流精準驅動 0.3mA LED驅動 (市場規格 3mA) (Low current precision driving 0.3mA LED driver (Market standard 3mA)).
- 創新運算架構,降低成本 (Innovative computing architecture, reduced costs).
各產品線之未來營收目標百分比 (Future Revenue Target Percentage by Product Line) (P. 28)
| 產品線 (Product Line) | 2010 | 2025 | 2030 |
|---|---|---|---|
| 轉動/移動晶片 (Rotation/Movement ICs) | 91.2% | 2.2% | 49.5% |
| 包含: 風扇驅動晶片, 馬達驅動晶片 | |||
| 靜態監控/驅動晶片 (Static Monitoring/Driver ICs) | 8.8% | 97.8% | 50.5% |
| 包含: LED矩陣驅動驅動晶片, 電源監控驅動晶片, LED驅動晶片 |