關貿網路股份有限公司 (6183) 2026Q1 法說會簡報
Company Overview
公司名稱 (Company Name): 關貿網路股份有限公司 (TRADE-VAN Information Services Co.) 股票代碼 (Stock Code): 6183 成立時間 (Establishment Date): 1996年8月 產業類別 (Industry): 資訊軟體業 (Information Software Industry) 資本額 (Capital): 新台幣15億 (NT$1.5 billion) 服務據點 (Service Locations): 台北、台中、高雄、上海 (Taipei, Taichung, Kaohsiung, Shanghai)
董事長 (Chairman): 張陸生 (Chang Lu-Sheng) 管理團隊 (Management Team):
- 林沛瑤 課長 (Section Chief Lin Pei-Yao) - 致歡迎詞 (Welcome Speech)
- 林惠誼 協理 (Associate Manager Lin Hui-Yi) - 公司概況與營運說明 (Company Overview and Operations Explanation)
- 謝雯卿 經理 (Manager Hsieh Wen-Ching) - 財務資訊 (Financial Information)
願景 (Vision): 致力成為資訊服務業龍頭 (Committed to becoming a leader in the information services industry) 使命 (Mission): 創造股東價值成就事業夥伴 (Create shareholder value and achieve business partnerships) 經營理念 (Operating Philosophy): 安全、品質、服務、效益 (Safety, Quality, Service, Efficiency)
股權結構 (Shareholding Structure) (統計截至2026年4月 - Statistics as of April 2026):
- 政府機構 (Government Agencies): 36.11%
- 個人 (Individuals): 29.51%
- 其他法人 (Other Legal Entities): 27.58%
- 金融機構 (Financial Institutions): 5.79%
- 外國機構及外人 (Foreign Institutions and Individuals): 1.01%
- 財政部持股 (Ministry of Finance Shareholding): 36.11%
- 股東人數 (Number of Shareholders): 39,229人
員工結構 (Employee Structure) (統計截至2026年4月 - Statistics as of April 2026):
- 員工人數 (Total Employees): 684人
- 技術人員 (Technical Staff): 61.46% (420人)
- 行政管理人員 (Administrative Management Staff): 24.14% (165人)
- 業務、客服及企劃 (Sales, Customer Service & Planning): 14.4% (99人)
營運量能 (Operational Capacity):
- 南港機房為主要營運中心 (Nangang data center is the main operations center)。
- 太平機房提供備援支援 (Taiping data center provides backup support)。
- 新增板橋綠能機房 (Banqiao green energy data center) (高穩定、可擴展 - high stability, expandable)。
- 進一步擴大整體營運量能,目前已承載多項大型專案 (Further expanding overall operational capacity, currently undertaking multiple large-scale projects)。
人才培育 (Talent Development):
- 員工人數由458人成長至684人 (Employee count grew from 458 to 684)。
- 組織穩健,打造良好留才、育才環境 (Stable organization, creating a good environment for talent retention and development)。
獎項榮耀 (Awards & Honors):
- 玉山獎全國首獎 (Yushan Award National Grand Prize): 傑出企業 (Outstanding Enterprise)、傑出領導人 (Outstanding Leader)、最佳產品_電子發票及EZWay服務 (Best Product_E-invoice and EZWay Services)。
- 連續四年蟬聯電子發票優良加值服務中心 (Consecutively ranked as an excellent e-invoice value-added service center for four years)。
Financial Highlights
年度營運成果 (Annual Operating Results) (單位:新台幣仟元 - Unit: NT$ Thousands)
| 項目/年度 (Item/Year) | 2023年 (2023) | 2024年 (2024) | 2025年 (2025) | 同期變化 (YoY Change) |
|---|---|---|---|---|
| 營業收入 (Operating Revenue) | 2,297,244 | 2,554,683 | 2,753,275 | 8% |
| 營業毛利 (Gross Profit) | 1,012,446 | 1,078,369 | 1,194,798 | 11% |
| 營業利益 (Operating Income) | 559,077 | 588,048 | 679,077 | 15% |
| 稅前淨利 (Profit Before Tax) | 584,294 | 624,211 | 712,608 | 14% |
| 稅後淨利 (Net Income After Tax) | 480,665 | 510,283 | 585,559 | 15% |
| 每股稅後盈餘(EPS) (EPS After Tax) | 3.20 | 3.40 | 3.90 | 15% |
合併資產負債表(摘要) (Consolidated Balance Sheet Summary) (單位:新台幣仟元 - Unit: NT$ Thousands)
| 項目 (Item) | 2025/3/31 金額 (Amount) | 2025/3/31 比率 (Ratio) | 2026/3/31 金額 (Amount) | 2026/3/31 比率 (Ratio) |
|---|---|---|---|---|
| 流動資產 (Current Assets) | 2,913,996 | 66% | 2,919,021 | 63% |
| 非流動資產 (Non-current Assets) | 1,489,035 | 34% | 1,697,350 | 37% |
| 資產總計 (Total Assets) | 4,403,031 | 100% | 4,616,371 | 100% |
| 流動負債 (Current Liabilities) | 1,310,281 | 30% | 1,409,346 | 31% |
| 非流動負債 (Non-current Liabilities) | 233,887 | 5% | 208,908 | 4% |
| 權益總計 (Total Equity) | 2,858,863 | 65% | 2,998,117 | 65% |
| 負債與權益總計 (Total Liabilities and Equity) | 4,403,031 | 100% | 4,616,371 | 100% |
重要財務指標 (Key Financial Indicators)
| 項目 (Item) | 2025年Q1 | 2026年Q1 |
|---|---|---|
| 負債占資產比率 (Debt-to-Asset Ratio) | 35.07% | 35.05% |
| 流動比率 (Current Ratio) | 222.39% | 207.12% |
| 速動比率 (Quick Ratio) | 215.75% | 199.58% |
| 純益率 (Net Profit Margin) | 22.14% | 24.12% |
| ROA (Return on Assets) | 3.13% | 3.49% |
| ROE (Return on Equity) | 5.07% | 5.50% |
財務指標說明 (Financial Indicator Notes):
- 負債比率管控穩定,展現健全的資本結構 (Debt-to-asset ratio is stably controlled, demonstrating a sound capital structure)。
- 流動比率、速動比率維持健康水準 (Current ratio and quick ratio maintain healthy levels)。
- ROA及ROE微幅上升,公司資產仍有效運用,維持獲利穩健 (ROA and ROE slightly increased, company assets are still effectively utilized, maintaining stable profitability)。
Recent Performance and Results
第一季營運表現(合併) (Q1 Operating Performance (Consolidated))
| 項目 (Item) | 2025年Q1 (新台幣仟元) | 2026年Q1 (新台幣仟元) |
|---|---|---|
| 營業收入 (Operating Revenue) | 623,999 | 663,941 |
| 營業毛利 (Gross Profit) | 271,474 | 299,863 |
| 稅後淨利 (Net Income After Tax) | 138,146 | 160,138 |
| 每股稅後盈餘(EPS) (NT$) | 0.92 | 1.07 |
合併營收第一季類別同期比 (Consolidated Revenue Q1 Category Comparison) (單位:仟元 - Unit: NT$ Thousands)
| 項目 (Item) | 2024年Q1 | 2025年Q1 | 2026年Q1 | 2025Q1 vs 2024Q1 變化 | 2026Q1 vs 2025Q1 變化 |
|---|---|---|---|---|---|
| 電子資料交換服務(ASP) (Electronic Data Interchange Services (ASP)) | 265,259 | 297,733 | 319,445 | +32,474 | +21,712 |
| 專案承包(SI) (Project Contracting (SI)) | 299,077 | 313,906 | 329,620 | +14,829 | +15,714 |
| 設備設施管理 (Equipment and Facility Management) | 5,018 | 7,340 | 9,766 | +2,322 | +2,426 |
| 租金收入 (Rental Income) | 4,906 | 5,013 | 5,096 | +107 | +83 |
穩定成長的EPS及現金股利 (Stable Growth of EPS and Cash Dividends) (單位:元 - Unit: NT$)
| 年度 (Year) | EPS | 現金股利 (Cash Dividends) |
|---|---|---|
| 2022年 | 3.09 | 2.50 |
| 2023年 | 3.20 | 2.75 |
| 2024年 | 3.40 | 3.20 |
| 2025年 | 3.90 | 3.55 |
| 2026年Q1 | 1.07 | - |
Business Segments
業務範疇 (Business Scope):
- 從通關服務,擴展跨領域數位整合服務 (From customs clearance services, expanding to cross-domain digital integration services)。
- 由B2G、B2B,延伸至B2C、金流應用 (From B2G, B2B, extending to B2C, and payment applications)。
三大業務成長引擎 (Three Major Business Growth Engines):
- 數位加值整合服務 (Digital Value-added Integration Services):
- 通關加值服務 (Customs Clearance Value-added Services)
- 電子發票加值服務 (E-invoice Value-added Services)
- 地政服務 (Land Administration Services)
- 供應鏈服務 (Supply Chain Services)
- ASP 核心營運 (ASP Core Operations):
- 電子商務(流通E-HUB) (E-commerce (Distribution E-HUB))
- EZWay易利委 (EZWay convenient services)
- 金流服務 (Payment Services)
- APAY阿佩支付 (APAY payment)
- SI 專案拓展 (SI Project Expansion):
- 推動交通數位化 (Promoting transportation digitalization)
- 完善保險服務 (Improving insurance services)
- 深化賦稅應用 (Deepening tax applications)
- 多領域布局持續擴大應用規模 (Multi-domain layout, continuously expanding application scale)
- 提升內政國土安全 (Enhancing internal affairs and national land security)
- 增強國有財產管理 (Strengthening state-owned property management)
- 布局健康領域 (Layout in healthcare domain)
- 強化數位發放整合 (Strengthening digital distribution integration)
Products & Technologies
AI Family 產品體系 (AI Family Product System):
- AI核心能力 (AI Core Capability): 以GenAI強化thinkAI核心能力,建構AI生態系產品布局 (Strengthen thinkAI core capabilities with GenAI, building an AI ecosystem product layout)。
- 分辨式AI Discriminative AI + AI圖文辨識 (Discriminative AI + AI Image and Text Recognition):
- readN: 支援71種圖文 (Supports 71 types of images and texts)。
- readForm: 結合多模態模型,彈性自訂表單辨識 (Combines multi-modal models, flexible custom form recognition)。
- 應用範例 (Examples): 身分證|居留證 (ID card|Resident permit), 進口報單 (Import declaration)、簽收單 (Receipt)、謄本 (Transcript)、商業發票 (Commercial invoice)、出貨單 (Delivery note)、銷貨單 (Sales invoice)。
- 技術特點 (Technical Feature): 複雜表單結構識別 (Complex form structure recognition)。
- EZWay: 817萬用戶 (8.17 million users)。
- 生成式AI Generative AI + 大型語言模型、多模態模型、AI Agent (Generative AI + Large Language Models, Multi-modal Models, AI Agent):
- thinkAI
- 新聞稿/公文 (Press Release/Official Document): AI生成內容 (AI-generated content)。
- AI Agent小幫手 (AI Agent Assistant): 智慧問答 (Smart Q&A) (e.g., Llama-3-Taiwan-8B-Instruct)。
- 智慧客服 (Smart Customer Service): 財務報表系統 (Financial statement system)、薪資系統 (Payroll system)、採購發票入帳 (Purchase invoice entry) 等操作指引 (operation guides)。
- 資安SOC AI月報 (Cybersecurity SOC AI Monthly Report): AI分析報告 (AI analysis report) (節省20%分析時間,平均可用率達90% - saves 20% analysis time, average availability 90%)。
- AI網頁竄改監控服務 (AI Website Defacement Monitoring Service): 7*24監控不中斷、通知零時差 (24/7 uninterrupted monitoring, zero-delay notification)。
- 政府單位多媒體廣告監控 (Government Agency Multimedia Ad Monitoring): 影音廣告判定 (Video ad judgment)。
前瞻產品 (Forward-looking Products):
- 數位簽章(EZSign) (Digital Signature (EZSign))
- 全球物流追蹤(EZTracking) (Global Logistics Tracking (EZTracking))
- ESG管理平台(EZESG) (ESG Management Platform (EZESG))
- 智慧閘道平台(Gateway+) (Smart Gateway Platform (Gateway+))
資安產品與服務 (Cybersecurity Products & Services):
- AI智慧資安中樞 (AI Smart Cybersecurity Hub) (SOC):
- 整合監控、分析、偵測與應變的一體化平台 (Integrated monitoring, analysis, detection, and response platform)。
- 威脅偵測 (Threat Detection): AI行為分析 (AI behavior analysis)、即時偵測異常 (Real-time anomaly detection)、關聯分析 (Correlation analysis)、風險評估預測 (Risk assessment and prediction)。
- 自動化應變 (Automated Response): 自動化處置 (Automated handling)、劇本化回應 (Scripted response)。
- 可視化儀表板 (Visible Dashboard): 即時監控 (Real-time monitoring)、資安態勢總覽 (Cybersecurity posture overview)。
- AI網頁竄改監控服務 (AI Website Defacement Monitoring Service):
- 7×24 監控 (24/7 monitoring)、AI智能分析 (AI intelligent analysis)。
- SSL憑證效期預警 (SSL certificate expiration warning)、可視化監控儀表板 (Visible monitoring dashboard)、LINE即時通報 (LINE real-time notification)。
- MDR服務 (Managed Detection and Response Services):
- 7×24 監控 (24/7 monitoring)、AI分析零時差攻擊 (AI analysis of zero-day attacks)、未知惡意程式 (Unknown malware)。
- 掌握完整攻擊路徑 (Mastering full attack paths)、CVE漏洞盤查 (CVE vulnerability inventory)、資安事件調查 (Cybersecurity incident investigation)。
- 紅隊演練服務 (Red Team Exercise Services):
- 打破防禦盲點 (Breaking defense blind spots)、驗證應變能力 (Validating response capabilities)、弱密碼分析破解 (Weak password analysis and cracking)。
- 提升資安成熟度 (Improving cybersecurity maturity)、EASM暗網情資 (EASM dark web intelligence)。
技術平台與系統 (Technology Platforms & Systems):
- 大數據應用 (Big Data Applications): 資料視覺化 (Data visualization)、風險決策分析 (Risk decision analysis)。
- thinkAI生成應用平台 (thinkAI Generative Application Platform) (2026年推出 - launched in 2026)。
- ADLC (Agent Development Life Cycle): AI流程標準化 (AI process standardization)。
Outlook & Strategy
策略發展-AI與資安雙軸研發布局 (Strategic Development - AI and Cybersecurity Dual-Axis R&D Layout):
- 掌握產業趨勢 (Mastering Industry Trends): 隨AI應用加速落地及資安需求持續提升,公司持續強化研發投入與技術深化,打造長期成長核心動能 (As AI applications accelerate and cybersecurity demand continues to rise, the company continuously strengthens R&D investment and technological deepening to build long-term growth core momentum)。
- 深化技術布局 (Deepening Technology Layout): 以AI深度學習技術為基礎,提升技術能力與產品應用能力,拓展AI應用與資安防護至既有與新興市場,鞏固競爭優勢 (Based on AI deep learning technology, enhance technical capabilities and product application capabilities, expand AI applications and cybersecurity protection to existing and emerging markets, and consolidate competitive advantages)。
- 研發與績效聯動 (R&D and Performance Linkage): 研發投入與營收成長呈正向連動,彰顯技術發展有助於提升營運整體表現 (R&D investment and revenue growth show a positive correlation, demonstrating that technological development helps improve overall operational performance)。
策略發展-AI賦能應用與成長 (Strategic Development - AI Empowerment Applications and Growth):
- 整體目標 (Overall Goal): 透過AI技術導入,推動營運流程自動化與決策效率提升,強化資料處理與開發流程優化能力,進一步提升整體營運生產力,並擴大AI於既有業務場域之應用深度 (Through the introduction of AI technology, promote automation of operational processes and improvement of decision-making efficiency, strengthen data processing and development process optimization capabilities, further enhance overall operational productivity, and expand the depth of AI applications in existing business domains)。
- 1. 優化生產力 (Optimize Productivity): 導入AI開發工具,縮短產品研發週期,提升開發與維運效率,以技術驅動人均產能提升 (Introduce AI development tools, shorten product R&D cycles, improve development and maintenance efficiency, and enhance per capita productivity driven by technology)。
- 2. 建立產業技術標竿 (Establish Industry Technology Benchmarks): 將AI流程標準化為ADLC (Agent Development Life Cycle),內化為可重複應用之開發模式,並對外推動AI賦能開發系統,提升產業影響力與標準化能力 (Standardize AI processes into ADLC, internalize it into a reusable development model, and externally promote AI-enabled development systems to enhance industry influence and standardization capabilities)。
- 3. 商業價值落地 (Commercial Value Realization): 透過專案實務萃取thinkAI核心模組,形成可擴展之AI賦能架構,推動研發成果產品化與多場域應用,建立高擴展性商業模式 (Extract thinkAI core modules through project practices, form an expandable AI empowerment architecture, promote the productization of R&D results and multi-domain applications, and establish a highly scalable business model)。
策略發展-資安服務 (Strategic Development - Cybersecurity Services):
- 全域資安防護架構 (Full-Domain Cybersecurity Architecture): 從網站(網頁安全)延伸至端點設備,建構涵蓋網頁、系統與終端設備之全域資安防護能力 (Extending from websites (web security) to endpoint devices, building full-domain cybersecurity protection capabilities covering websites, systems, and endpoint devices)。
- 整合與聯防機制 (Integration and Joint Defense Mechanism): 整合資安生態系,建立全域聯防與情報共享機制 (Integrate cybersecurity ecosystem, establish full-domain joint defense and intelligence sharing mechanism)。
- 資安情資整合 (Cybersecurity intelligence integration)、合作夥伴聯防 (Partner joint defense)、法遵與標準 (Compliance and standards)、在地化服務團隊 (Localized service team)、威脅狩獵 (Threat hunting)。
- 創造客戶價值 (Creating Customer Value): 提升資安防護強度降低資安風險 (Enhance cybersecurity protection strength, reduce cybersecurity risks)、快速偵測與應變縮短事件影響 (Rapid detection and response, shorten incident impact)、提高營運韌性確保業務持續 (Improve operational resilience, ensure business continuity)、符合法遵要求強化信任與競爭力 (Meet compliance requirements, strengthen trust and competitiveness)。
- 整體口號 (Overall Slogan): 全域可視,智能偵測,自動應變,持續優化 (Full-domain visibility, intelligent detection, automated response, continuous optimization)。
深耕技術布局,領航產業未來趨勢 (Deepening Technology Layout, Leading Industry Future Trends):
- 穩健本業,確保專案落地 (Stable Core Business, Ensuring Project Implementation): 持續深耕ASP與SI業務,強化專案整合能力,全面鞏固營運核心優勢 (Continuously cultivate ASP and SI businesses, strengthen project integration capabilities, and fully consolidate core operational advantages)。
- 聚焦產品發展,強化技術布局 (Focus on Product Development, Strengthen Technology Layout): 持續推動AI、資安及前瞻應用產品發展,深化技術能力與產品化成果 (Continuously promote the development of AI, cybersecurity, and forward-looking application products, deepening technical capabilities and productization results)。
- 強化市場拓展,推動營收成長 (Strengthen Market Expansion, Drive Revenue Growth): 積極拓展新興應用與跨域合作,加速市場布局,推動營收持續成長 (Actively expand into emerging applications and cross-domain collaborations, accelerate market layout, and drive continuous revenue growth)。
Additional Data
重要里程碑-業務發展 (Important Milestones - Business Development):
- 1990年至1999年 (1990-1999) - 打造政府e化(B2G):
- 1990: 成立貨物通關自動化規劃推行小組 (Established a planning and promotion team for automated cargo clearance)。
- 1994: 海空運通關自動化上線 (Sea and air cargo clearance automation launched)。
- 1996: 公司成立 (Company established)。
- 1999: 電子報稅系統上線 (Electronic tax filing system launched)。
- 2000年至2016年 (2000-2016) - 協助企業數位轉型(B2B):
- 2000: 成為台灣第一家公開上櫃網路公司 (Became Taiwan's first publicly listed internet company), 流通與電子供應鏈、電子市集服務上線 (Launched distribution and e-supply chain, e-marketplace services)。
- 2006: 獨立第三方電子發票加值中心服務上線 (Launched independent third-party e-invoice value-added services)。
- 2011: 在台灣證券交易所正式掛牌上市 (Officially listed on the Taiwan Stock Exchange)。
- 2013: 關港貿單一窗口平台啟用 (Customs-Port-Trade Single Window platform launched)。
- 2016: 大數據應用:資料視覺化、風險決策分析 (Big Data applications: data visualization, risk decision analysis)。
- 2017年至今 (2017-Present) - 轉型創新、數位經濟(B2C)布局AI、資安、前瞻相關發展:
- 2017: EZWay APP上線 (EZWay APP launched)。
- 2020: 推出多元支付服務 (Launched diverse payment services), 支援防疫與振興政策應用(口罩與振興券等數位應用) (Supported epidemic prevention and economic stimulus policy applications (mask and stimulus voucher digital applications))。
- 2022: 發展分辨式AI圖文辨識能力,涵蓋人流、車流等場景,並獲專利 (Developed discriminative AI image and text recognition capabilities, covering scenarios such as pedestrian flow, vehicle flow, and obtained patents)。
- 2024: 協助政府推動打詐應用(短碼簡訊、物流隱碼、租屋防詐) (Assisted the government in promoting anti-fraud applications (short code SMS, logistics hidden codes, rental fraud prevention)), 發展生成式AI應用,導入政府專案,拓展資安與智慧客服 (Developed generative AI applications, introduced government projects, expanded cybersecurity and smart customer service)。
- 2025: 客委會客家幣發放 (Hakka Affairs Council Hakka Coin issuance), 發展AI網頁竄改監控與數位簽章產品(EZSign) (Developed AI website defacement monitoring and digital signature product (EZSign))。
- 2026: 整合內部AI能力,推出thinkAI生成應用平台 (Integrated internal AI capabilities, launched thinkAI generative application platform)。
研發費用、資本支出及營業收入趨勢圖 (R&D Expenses, Capital Expenditures, and Operating Revenue Trend Chart) (單位:新台幣仟元 - Unit: NT$ Thousands)
| 年度 (Year) | 研究發展費用及資本支出 (R&D Expenses & Capital Expenditures) | 營業收入 (Operating Revenue) |
|---|---|---|
| 2022年 | 114,617 | 2,268,772 |
| 2023年 | 126,450 | 2,297,244 |
| 2024年 | 231,886 | 2,554,683 |
| 2025年 | 282,357 | 2,753,275 |
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