中華精測 CHPT 2026Q1 法說會簡報
Company Overview
- 公司名稱: 中華精測 (CHPT)
- 會議日期: 2026年04月29日
Financial Highlights
2026年第一季營運成果 (1Q26 Operating Results)
- 營收 (Revenue): 1,357 百萬新台幣
- 毛利 (Gross Profit): 56.8%
- 每股盈餘 (EPS): 10.43 新台幣
- 現金流 (Cash Flow): 309 百萬新台幣
2026年第1季營運績效 (1Q26 Operating Performance)
- 1Q26 營收 (Revenue): 1,357 百萬新台幣 (YoY +18%, QoQ +13%)
- 1Q26 毛利率 (Gross Margin): 56.8% (YoY ▲ 3ppts, QoQ ▲ 0.8ppt)
- 1Q26 每股盈餘 (EPS): 10.43 新台幣 (YoY ▲ $3.68, QoQ ▲ $1.75)
- 1Q26 自由現金流量 (Free Cash Flow): 309 百萬新台幣
- (1)自由現金流量 = 營運活動之現金流入 - 資本支出
1Q25~1Q26 營收及每股盈餘 (Revenue & EPS)
- 營業收入 (Revenue) (新台幣佰萬元):
- 1Q25: $1,152
- 2Q25: $1,216
- 3Q25: $1,242
- 4Q25: $1,196
- 1Q26: $1,357
- 1Q26 營業收入 $13.57億 ▲ 18% YoY
- 每股盈餘 (EPS) (新台幣元):
- 1Q25: $6.75
- 2Q25: $6.57
- 3Q25: $8.41
- 4Q25: $8.68
- 1Q26: $10.43
- 1Q26 每股盈餘 $10.43 ▲ $3.68 YoY
1Q25~1Q26 毛利率及營業費用率 (Gross Margin & Operating Expense Ratio)
- 毛利率 (Gross Margin):
- 1Q25: 53.8%
- 2Q25: 55.8%
- 3Q25: 56.3%
- 4Q25: 56.0%
- 1Q26: 56.8%
- 1Q26 毛利率 56.8% ▲ 3ppts YoY
- 營業費用 (Operating Expenses) (新台幣佰萬元):
- 1Q25: $370 (研發 18%, 管理 7%, 銷售 7%)
- 2Q25: $365 (研發 18%, 管理 7%, 銷售 5%)
- 3Q25: $392 (研發 20%, 管理 6%, 銷售 6%)
- 4Q25: $351 (研發 17%, 管理 6%, 銷售 6%)
- 1Q26: $373 (研發 16%, 管理 6%, 銷售 6%)
- 1Q26 營業費用率 28% ▼ 4ppts YoY
1Q25~1Q26 營運績效 (Operating Performance Table)
| 項目 (Item) | 1Q25 | 2Q25 | 3Q25 | 4Q25 | 1Q26 |
|---|---|---|---|---|---|
| 營業收入 (Revenue) (新台幣佰萬元) | $1,152 | $1,216 | $1,242 | $1,196 | $1,357 |
| 毛利率 (Gross Margin) | 53.8% | 55.8% | 56.3% | 56.0% | 56.8% |
| 營業利益率 (Operating Profit Margin) | 22% | 26% | 24% | 27% | 29% |
| 合併淨利歸屬於母公司業主 (Net Profit attributable to owners of parent) (新台幣佰萬元) | $221 | $216 | $275 | $285 | $342 |
| 每股盈餘 (EPS) (新台幣元) | $6.75 | $6.57 | $8.41 | $8.68 | $10.43 |
| 自由現金流量 (Free Cash Flow) (新台幣佰萬元) | $561 | $195 | $234 | $433 | $309 |
1Q25~1Q26 資金情形 (Cash Flow Situation)
- 現金及其他金融資產 (Cash and other financial assets) (新台幣佰萬元):
- 1Q25: $3,815
- 2Q25: $3,985
- 3Q25: $3,978
- 4Q25: $4,401
- 1Q26: $7,236
- 1Q26 現金期末餘額 (Ending Cash Balance): 新台幣 72.4 億元 (季增新台幣 28.35 億元)
- 營運活動現金流入 (Operating Cash Inflow): 新台幣 3.78 億元
- 資本支出 (Capital Expenditure): 新台幣 0.69 億元
- 自由現金流量 (Free Cash Flow): 新台幣 3.09 億元
Business Segments
2026年第一季營運成果 (1Q26 Operating Results Breakdown)
- 晶圓測試 (Wafer Test): 950 百萬新台幣
- IC測試 (IC Test): 186 百萬新台幣
- 其他 (Others): 221 百萬新台幣
各產品 營收比重 (Revenue Mix by Product) (新台幣佰萬元)
| 產品 (Product) | 1Q25 | 4Q25 | 1Q26 |
|---|---|---|---|
| 技術服務與其他 (Technical Services & Others) | 11% | 7% | 16% |
| IC測試板 (IC Test Board) | 21% | 31% | 14% |
| 晶圓測試卡 (Wafer Test Card) | 68% | 62% | 70% |
| 總計 (Total) | 1,152 | 1,196 | 1,357 |
- YoY +18%
- QoQ +13%
各應用 營收占比 (Revenue Mix by Application) (新台幣佰萬元)
| 應用 (Application) | 1Q25 | 4Q25 | 1Q26 |
|---|---|---|---|
| Automotive | 1.3% | 3.6% | 3.2% |
| Gerber | 12.4% | 8.6% | 5.5% |
| RF | 8.5% | 4.2% | 8.8% |
| Others | 10.8% | 22.3% | 13.7% |
| AP | 21.7% | 30.0% | 23.7% |
| HPC | 45.3% | 31.3% | 45.1% |
| 總計 (Total) | 1,152 | 1,196 | 1,357 |
各應用 探針卡營收比重 (Probe Card Revenue Mix by Application) (新台幣佰萬元)
| 應用 (Application) | 1Q25 | 4Q25 | 1Q26 |
|---|---|---|---|
| Automotive | 1.6% | 12.6% | 8.2% |
| RF | 19.9% | 3.6% | 10.7% |
| Others | 16.3% | 15.3% | 16.1% |
| HPC | 18.7% | 14.3% | 28.0% |
| AP | 43.5% | 54.2% | 37.0% |
| 總計 (Total) | 180 | 343 | 405 |
- YoY +125%
- QoQ +18%
Products & Technologies
- 晶圓測試 (Wafer Test)
- IC測試 (IC Test)
- 探針卡 (Probe Card)
- IC測試板 (IC Test Board)
- 技術服務 (Technical Services)
Clients & Markets
市場趨勢 (Market Trends)
- 全球HPC市場規模 (APU、CPU、GPU)
- 全球HPC市場規模 (APU、CPU、GPU、TPU)
全球HPC市場規模(APU、CPU、GPU) (Global HPC Market Size (APU, CPU, GPU))
- 單位: 十億美元 (Billion USD)
- 2026(e): 490
- 2027(f): 549
- 2028(f): 578
- 2029(f): 597
- 2030(f): 606
- 2031(f): 615
- YoY +11.9% (implied for 2027(f) vs 2026(e))
- Source: Yole 2026/4; CHPT整理 (CHPT compiled)
全球HPC市場規模(APU、CPU、GPU、TPU) (Global HPC Market Size (APU, CPU, GPU, TPU))
- 單位: 十億美元 (Billion USD)
- 2026(e): 580
- 2027(f): 757
- 2028(f): 578
- 2029(f): 597
- 2030(f): 606
- 2031(f): 615
- YoY +30.5% (implied for 2027(f) vs 2026(e))
- Source: Yole 2026/4; CHPT整理 (CHPT compiled)
Additional Data
免責聲明 (Disclaimer)
- 本資料僅供參考,並非就本公司營運之完整描述。
- 内容若涉及預測資訊,本公司不暗示、不聲明亦不保證其內容之正確性或可靠性,使用者應自行判斷與承擔風險。
- Certain of this release includes forward-looking statements, these forward-looking statements are based on our current expectations, projections and beliefs as of the date of this release and are subject to known and unknown risks, uncertainties and assumptions that may cause actual results to differ materially from what may be expressed or implied by such statements.
- All statements other than statements of historical fact in this release regarding our future performance, revenues, margins, market share and any future events or prospects, are forward-looking statements.
- We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
聯絡資訊 (Contact Information)
- 網站: www.chpt.com
- 投資者關係郵箱: Investor@chpt.com