LUXE 樂事綠能 2026Q2 法說會簡報
Company Overview
- 公司名稱 (Company Name): 樂事綠能科技(股)公司 (LUXE Energy Technology Co., Ltd.)
- 股票代號 (Stock Code): (Not provided in slides)
- 設立日期 (Establishment Date): 民國67年5月24日 (May 24, 1978)
- 更名歷史 (Renaming History):
- 原名：樂士電機(股)公司 / 樂士(股)公司 (Original Name: LUXE Electric Machinery Co., Ltd. / LUXE Co., Ltd.)
- 111年7月 (July 2022) 更名為樂事綠能科技(股)公司 (Renamed to LUXE Energy Technology Co., Ltd.)
- 實收資本額 (Paid-in Capital): 1,550,950 千元 (NT$1,550,950 thousand)
- 董事長 (Chairman): 陳介仁 (Chen Chieh-Jen)
- 總經理 (General Manager): 陳連聰 (Chen Lien-Chung)
- 主要產品及業務 (Main Products & Services):
- 重電輸配電系統產品 (Heavy electrical transmission and distribution system products)
- 電機類元件類產品 (Electrical component products)
- 太陽能電廠及機電工程(EPC) (Solar power plants and electromechanical engineering (EPC))
- 太陽能電廠投資 (Solar power plant investment)
- 營運據點 (Operating Locations):
- 台南總部 (Tainan Headquarters): 公司登記址及再生能源事業部門 (Company registration address and renewable energy business department)
- 台北辦公室 (Taipei Office): 行政管理、財務會計、股務、稽核 (Administration, finance & accounting, stock affairs, audit)
- 楊梅廠 (Yangmei Plant): 桃園市楊梅區 - 電機事業生產製造工廠暨銷售部門 (Yangmei District, Taoyuan City - Electrical business production and manufacturing plant & sales department)
- 台南廠 (Tainan Plant): 台南市永康區 - 配電盤生產製造工廠 (Yongkang District, Tainan City - Switchgear production and manufacturing plant)
Financial Highlights
合併綜合損益表 (Consolidated Statement of Comprehensive Income)
單位 (Unit): 千元 (NT$ thousand)
| 項目 (Item) | 115年1-3月 (Jan-Mar 2026) | % | 114年1-3月 (Jan-Mar 2025) | % |
|---|---|---|---|---|
| 營業收入 (Operating Revenue) | 248,511 | 100% | 266,543 | 100% |
| 營業毛利 (Gross Profit) | 39,961 | 16% | 43,528 | 19% |
| 營業淨利 (Operating Income) | 24,506 | 9% | 27,665 | 11% |
| 稅前淨利 (Profit Before Tax) | 31,367 | 13% | (19,297) | (7%) |
| 本期淨利(稅後) (Net Profit for the Period (After Tax)) | 28,506 | 12% | 6,672 | 3% |
| 歸屬於母公司業主淨利 (Net Profit Attributable to Owners of Parent) | 24,361 | 5,108 | ||
| 每股盈餘 (Earnings Per Share) | 0.16 | 0.03 |
合併資產負債表 (Consolidated Balance Sheet)
單位 (Unit): 千元 (NT$ thousand)
| 項目 (Item) | 115年3月31日 (Mar 31, 2026) | % | 114年3月31日 (Mar 31, 2025) | % |
|---|---|---|---|---|
| 流動資產 (Current Assets) | 804,623 | 25% | 978,539 | 29% |
| 非流動資產 (Non-current Assets) | 2,372,072 | 75% | 2,403,607 | 71% |
| 資產總額 (Total Assets) | 3,176,695 | 100% | 3,382,146 | 100% |
| 流動負債 (Current Liabilities) | 398,488 | 13% | 602,201 | 18% |
| 非流動負債 (Non-current Liabilities) | 889,084 | 28% | 1,015,355 | 30% |
| 負債總額 (Total Liabilities) | 1,267,405 | 40% | 1,617,556 | 48% |
| 權益總計 (Total Equity) | 1,909,290 | 60% | 1,764,590 | 52% |
| 負債與權益總計 (Total Liabilities & Equity) | 3,176,695 | 100% | 3,382,146 | 100% |
Business Segments
- 電機事業群 (Electrical Business Group):
- 配電盤、亭置式變壓器及GIS (Switchgear, pad-mounted transformers, and Gas Insulated Switchgear)
- 電工器材 (Electrical components): 比壓器 (Potential Transformers, PT)、比流器 (Current Transformers, CT)、串聯電抗器 (Series Reactors) 等
- 電力系統週邊維修 (Peripheral maintenance of power systems)
- 太陽能事業群 (Solar Business Group):
- 投資(持有)太陽能電廠 (Investment (holding) in solar power plants) (parent company and subsidiaries)
- 太陽能電廠工程承建 (EPC for solar power plants)
- 太陽能電廠維運 (Operations & Maintenance for solar power plants)
- 營造工程業務 (Construction Engineering Business):
- 子公司-萬全營造 (Subsidiary - Wan Quan Construction): 營造工程承攬 (undertakes construction projects)
Products & Technologies
- 變壓器 (Transformer): 中壓電壓轉換為用戶可使用的低壓電壓。(Converts medium voltage to low voltage for user use.)
- 產品範例 (Product Example): 亭置式變壓器 (Pad-mounted transformer) - TPC 5-50-S
- 電抗器 (Reactor): 增大短路阻抗,限制短路電流保持電氣設備的動態穩定和熱穩定。(Increases short-circuit impedance, limits short-circuit current to maintain dynamic and thermal stability of electrical equipment.)
- 比壓器PT (Potential Transformer PT): 將高電壓降低到可測量的低電壓。(Reduces high voltage to measurable low voltage.)
- 比流器CT (Current Transformer CT): 將高電流按精確比例轉換為較小電流,以便電表安全準確地讀取。(Converts high current to a smaller current at a precise ratio for safe and accurate meter readings.)
- GIS (Gas Insulated Switchgear) 氣體絕緣開關設備 (Gas Insulated Switchgear):
- 傳統GIS (Traditional GIS): 主要採用六氟化硫(SF6)氣體。SF6氣體絕緣性能優異、設備緊湊，但其全球暖化潛勢值是二氧化碳的兩萬三千倍，對環境造成嚴重衝擊。(Mainly uses Sulfur Hexafluoride (SF6) gas. While SF6 has excellent insulation properties and allows for compact equipment, its global warming potential is 23,000 times that of carbon dioxide, causing severe environmental impact.)
- 汰換計畫 (Replacement Plan): 台電已啟動「配電系統升級計畫」，其中包含大量汰換舊有GIS設備。(Taipower has initiated the "Distribution System Upgrade Project," which includes replacing a large number of old GIS equipment.)
Recent Performance and Results
合併收入占比 (Consolidated Revenue Share)
單位 (Unit): 千元 (NT$ thousand)
| 項目 (Item) | 115年1-3月 (Jan-Mar 2026) | % | 114年1-3月 (Jan-Mar 2025) | % |
|---|---|---|---|---|
| 銷貨收入 (Sales Revenue) | 125,108 | 50.34% | 176,350 | 66.16% |
| 售電收入 (Electricity Sales Revenue) | 46,873 | 18.86% | 37,498 | 14.07% |
| 工程收入 (Engineering Revenue) | 75,129 | 30.23% | 47,675 | 17.89% |
| 其他 (Other) | 1,401 | 0.56% | 5,020 | 1.88% |
| 合計 (Total) | 248,511 | 100.00% | 266,543 | 100.00% |
自有太陽能電廠概況 (Overview of Owned Solar Power Plants)
| 母(子)公司 (Parent/Subsidiary) | Solar Power Sale to TPC (kw) | In Construction (kw) | Total (kw) |
|---|---|---|---|
| 樂事綠能 (LUXE Energy) | 1,209.69 | 750.00 | 1,959.69 |
| 森欣能源 (Sen Xin Energy) | 31,392.01 | - | 31,392.01 |
| 金來國際 (Jin Lai International) | 7,556.46 | - | 7,556.46 |
| 群立能源 (Qun Li Energy) | 799.00 | - | 799.00 |
| Total | 40,957.16 | 750.00 | 41,707.16 |
Outlook & Strategy
未來展望 (Future Outlook)
- 電機事業 (Electrical Business):
- 加速取得新材規產品認證 (Accelerate acquisition of new material specification product certifications) (可取得更多TPC標案) (to secure more TPC projects)
- 提升生產製造的產能與品質 (Enhance production capacity and quality)
- 開發新商機與新客戶 (Develop new business opportunities and clients)
- 拓展電力能源商機的合作伙伴 (Expand partnerships for power and energy business opportunities)
- 能源事業 (Energy Business):
- 優化維運 (Optimize operations and maintenance)
- 營造事業 (Construction Business):
- 運用集團資源,開拓案源 (Utilize group resources to expand project sources) (承攬、投標) (contracting, bidding)
Additional Data
產業概況 (Industry Overview)
-
10年5645億元 強化電網韌性計畫 (NT$564.5 billion 10-year Grid Resilience Enhancement Project):
- 核定日期 (Approval Date): 行政院111年8月19日核定 (Approved by Executive Yuan on August 19, 2022)
- 總金額 (Total Amount): 5,645億元 (NT$564.5 billion)
- 執行中 (In execution): 3,761億元 (NT$376.1 billion)
- 待續編 (To be allocated): 1,884億元 (NT$188.4 billion)
- 目標 (Goal): 能在短時間下因應事故及恢復穩定運轉的能力 (Ability to respond to incidents and restore stable operation in a short time)
- 三大主軸 (Three Main Pillars):
- 分散工程 (Decentralization Project): 4,379億元 (NT$437.9 billion) (執行中: 2,555億元)
- 降低電網集中風險 (Reduce grid centralization risk)
- 電廠直供園區 (Direct power supply to industrial parks)
- 綠能分散供電 (Decentralized green energy supply)
- 樞紐節點分群 (Hub node grouping)
- 增加配送節點 (Increase distribution nodes)
- 精進區域調度 (Improve regional dispatch)
- 強固工程 (Strengthening Project): 1,250億元 (NT$125 billion) (執行中: 1,190億元)
- 提升設備穩定程度 (Enhance equipment stability)
- 電網擴充更新 (Grid expansion and renewal)
- 廣增儲能設備 (Extensive increase in energy storage equipment)
- 變電所屋內化 (Indoor substations)
- 防衛工程 (Defense Project): 16.9億元 (NT$1.69 billion) (已編列預算執行中)
- 阻止停電事故擴散 (Prevent power outage incidents from spreading)
- 強化防衛縱深 (Strengthen defense in depth)
- 即時動態防衛 (Real-time dynamic defense)
- 分散工程 (Decentralization Project): 4,379億元 (NT$437.9 billion) (執行中: 2,555億元)
- 未來趨勢 (Future Trend): 未來電網將朝區域韌性及全國融通雙軌並進 (Future grid will advance with both regional resilience and national integration)
- 目的 (Purpose): 旨在避免再次發生大規模停電 (Aims to avoid large-scale power outages again)
-
全球用電需求趨勢 (Global Electricity Demand Trend):
- 工業擴張與AI推波助瀾 全球用電需求持續攀升 (Industrial expansion and AI drive continuous increase in global electricity demand)
- 電力戰略資源、經濟的馬達(動力) (Electricity as a strategic resource, the engine (power) of the economy)
- 2024年全球電力需求 (Global Electricity Demand in 2024): 年增4.4%, 首度在非危機年份超越全球GDP成長率 (Annual increase of 4.4%, surpassing global GDP growth for the first time in non-crisis years).
- 2025年預期 (2025 Forecast): 因天候因素放緩至3.0% (Slows to 3.0% due to weather factors).
- IEA預期至2030年 (IEA Forecast to 2030): 全球電力需求的增長速度將持續快於經濟成長 (Global electricity demand growth will continue to outpace economic growth).
- 2026-2030年全球電力需求 (Global Electricity Demand 2026-2030): 年均成長3.6%, 較過去十年平均高出50% (Average annual growth of 3.6%, 50% higher than the average of the past decade).
- 2030年電力需求成長驅動因素 (Drivers of Electricity Demand Growth by 2030): 至少為整體能源需求的2.5倍, 主要因素為工業用電量增加、電動車持續普及、空調使用增加, 以及資料中心和人工智慧擴展等 (At least 2.5 times that of overall energy demand, mainly driven by increased industrial electricity consumption, continued popularization of electric vehicles, increased air conditioning use, and the expansion of data centers and artificial intelligence).
免責聲明 (Disclaimer)
- 本資料可能包含對於未來展望之表述。該類表述是基於對現況的預期,但同時受限於已知或未知風險或不確定性的影響。因此實際結果將可能明顯不同於表述內容。(This material may contain forward-looking statements. Such statements are based on current expectations but are subject to known or unknown risks or uncertainties. Therefore, actual results may differ materially from the statements.)
- 除法令要求外,公司並無義務因應新資訊的產生或未來事件的發生,主動更新對未來展望的表述。(Except as required by law, the company has no obligation to proactively update forward-looking statements in response to new information or future events.)