全漢企業股份有限公司 FSP Technology Inc. 2026 Q1 法說會簡報
Company Overview
公司概況 (About Us)
- 公司名稱: 全漢企業股份有限公司 (FSP Group / FSP Technology Inc.)
- 創立時間: 1993年4月 (Established April, 1993)
- 股票上市: 西元2002年在台灣股票上市 (Listed on Taiwan Stock Exchange in 2002)
- 產業地位: 全球前十大交換式電源供應器廠商 (Position Worldwide Top 10 switching power supplier)
- 員工人數: 全球約5,300名員工 (Employee Worldwide Over 5300 persons)
願景與使命 (Vision & Mission)
- 願景 (Vision): 成為全球綠色能源解決方案領導者,深入每個人的生活,為環境做出貢獻。(To be the global leading provider of green energy solutions, touch people's life, contribute to the better environment.)
- 使命 (Mission): 以創新的服務和優質的產品,為客戶、員工與股東創造最大價值。(Providing the best value to customers, employees and shareholders by our innovative service and high quality products.)
里程碑 (FSP Product line Milestones)
- 1993: 成立FSP Technology, 開始投入PC ATX電源開發並成為Intel策略合作夥伴 (FSP Technology establish PC ATX initial and co-design with Intel)
- 2003: 投資3Y Power Technology, 使Redundant產品線更加齊全 (Invested in 3Y Power Technology, Comprehensive Redundant Product Lines)
- 2004: 投資Voltronic Power, 進入UPS產品線 (Joint Venture with Voltronic, Comprehensive UPS Product Lines)
- 2007: 創新產品, 開發出全球最小的65瓦筆電適配器 (Innovation Product, Smallest 65W NB Adapter)
- 2008: 進入5G電源市場 (Enter the 5G Power Market)
- 2012: 越南廠 (Vietnam Manufacture Site)
- 2016: 與QQE進行策略合作, 開發工業級充電器 (Joint Venture with QQE, Phase Into Industrial Charger)
- 2017: 併購Protek Power, 擴大醫療電源事業 (Merge Protek Power, Enlarge Medical Power Business)
- 2018: 成立新能源事業處, 研發能源儲存系統 (Establish New Energy Solution BU, ESS (Energy Storage System))
- 2021: 研發中心大樓落成 (New R&D Center)
- 2023: 桃三廠落成 (Taiwan Manufacture Site)
- 2024: IATF 16949 認證, 充電器產品 (IATF 16949 Certified Charger Product)
Financial Highlights
合併綜合損益表 (Consolidated Statements of Comprehensive Income)
- 單位: 新台幣仟元 (Unit: NT$ thousand)
| 項目 (Item) | 1Q 26 | 1Q 25 | YoY |
|---|---|---|---|
| 營業收入淨額 (Net Sales revenue) | 3,045,119 | 3,031,675 | 0% |
| 營業毛利 (Gross profit from operations) | 547,435 | 533,071 | 3% |
| 營業淨利(損) (Net operating income (loss)) | 26,614 | 21,523 | 24% |
| 營業外收入及支出 (Non-operating income and expenses) | 72,834 | 39,062 | 86% |
| 稅前淨利(損) (Profit (loss) from continuing operations before tax) | 99,448 | 60,585 | 64% |
| 所得稅費用 (Tax expense) | 20,288 | 13,448 | 51% |
| 淨利歸屬於母公司業主 (Profit attributable to owners of parent) | 69,746 | 37,554 | 86% |
| 基本每股盈餘(元) (Basic earnings per share) | 0.37 | 0.20 | 85% |
合併財務比率 (Financial Ratio)
| 財務比率(%) (financial ratio) | 1Q 26 | 1Q 25 |
|---|---|---|
| 毛利率 (Gross margin) | 18 | 18 |
| 營業利益率 (Operation income margin) | 1 | 1 |
| 稅前淨利率 (Per-tax income margin) | 3 | 2 |
| 淨利率 (Profit Margin) | 2 | 2 |
合併業外收支細項 (Non-Operating Profit Breakdown)
- 單位: 新台幣仟元 (Unit: NT$ thousand)
| 項目 (Item) | 1Q 26 | 1Q 25 |
|---|---|---|
| 利息收入 (Interest revenue) | 9,617 | 12,614 |
| 政府補助款 (Government grants) | 1,621 | 3,678 |
| 退稅款 (Tax refund) | 1,754 | - |
| 外幣兌換(損)益淨額 (Foreign exchange (loss) gain) | 24,383 | 36,216 |
| 透過損益按公允價值衡量之金融資產利益(損失)淨額 (gain (loss) of financial asset at fair value through profit or loss) | 31,558 | (17,137) |
| 其他 (Others) | 3,901 | 3,691 |
| 合計 (Total) | 72,834 | 39,062 |
合併資產負債表 (Consolidated Balance Sheet)
- 單位: 新台幣百萬元 (Unit: NT$ million)
| 項目 (Item) | 2026/3/31 | 2025/3/31 | | :----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Disclaimer
本公司並未發佈財務預測,但本簡報所作有關本公司財務上、業務上、Q&A之說明,若涉及本公司對未來公司經營與產業發展上之見解,可能與未來實際結果存有差異。此差異其造成之原因可能包括市場需求變化、價格波動、競爭行為、國際經濟狀況、匯率波動、上下游供應鏈等其他各種本公司所不能掌握之風險因素。 No representation or warranty express or implied, is or will be made in or in relation to, and no responsibility or liability is or will be accepted by the Company as to, the accuracy or completeness of the information and any liability therefore is hereby expressly disclaimed.
Products & Technologies
重要里程碑 (Important Milestones)
- 1993: PC (FSP Technology establish PC ATX initial and co-design with Intel)
- 2004: Server (Invested in 3Y Power Technology, Comprehensive Redundant Product Lines)
- 2007: Medical (Merge Protek Power, Enlarge Medical Power Business)
- 2008: UPS (Joint Venture with Voltronic, Comprehensive UPS Product Lines)
- 2013: Network (Enter the Networking Market, PSU meet NEBS Standard)
- 2016: Laptop (Innovation Product, Smallest 65W NB Adapter)
- 2024: Light EV (IATF 16949 Certified Charger Product)
- 2025: Gaming Laptop (Highest Power Consumption for Gaming Laptop Market)
全方位能源解決方案供應商 (Power Supply Total Solution Provider)
- 產品類別:
- 5G PSU
- Charger
- DIN Rail
- Retail Product
- UPS
- PV Inverter
- Energy Storage System
- TV PSU
- PC PSU
- SSL
- Medical PSU
- IPC PSU
- Redundant
- Open Frame
- Adapter
Business Segments
營收 (FSP Revenue FY2024 - FY2026)
- 單位: 億 (新台幣)
- FY2024: 116.0
- FY2025: 130.6
- FY2026 Q1: 30.4
- 註: 營收比例以出貨地為計算基準 (Revenue ratio calculated based on shipping location)
區域營收 (Revenue by region)
- Twain: 35%
- Europe: 23%
- RoW (Rest of World): 16%
- America: 15%
- China: 11%
應用別營收 (Revenue by Application)
- 單位: 億 (新台幣)
- 2024: 116.0億
- 2025: 130.6億
- 2026 Q1: 30.4億
| 應用別 (Application) | 佔比 2024 | 佔比 2025 | 佔比 2026 Q1 |
|---|---|---|---|
| 電競 (Gaming) | 19.0% | 28.0% | 17.0% |
| IPC(通用型) (IPC (General Purpose)) | 26.0% | 31.0% | 31.0% |
| 網通 (Networking) | 17.0% | 6.0% | 13.0% |
| PC | 10.0% | 9.0% | 7.0% |
| 雲端及邊緣運算 (Cloud & Edge Computing) | 11.0% | 7.0% | 10.0% |
| 醫療照護 (Medical Care) | 5.0% | 3.0% | 4.0% |
| 新能源 (New Energy) | 2.0% | 2.0% | 2.0% |
| 其他產業 (Other Industries) | 11.0% | 14.0% | 16.0% |
ESG / Sustainability
- 公司標語: 永續 共好 再平衡 (Sustainability, Co-prosperity, Rebalance) - "We make the world better"
- 願景: 成為全球綠色能源解決方案領導者,深入每個人的生活,為環境做出貢獻。(To be the global leading provider of green energy solutions, touch people's life, contribute to the better environment.)
Additional Data
採用IFRSs後之月營業收入資訊 (Monthly Net Sales revenue information after adopting IFRSs)
- 單位: 新台幣仟元 (Unit: NT$ thousand)
| 月份 (Month) | 營業收入淨額 (Net Sales revenue) |
|---|---|
| Jun-25 | 1,220,891 |
| Jul-25 | 1,195,369 |
| Aug-25 | 1,070,941 |
| Sep-25 | 1,227,991 |
| Oct-25 | 978,260 |
| Nov-25 | 944,976 |
| Dec-25 | 921,994 |
| Jan-26 | 1,232,574 |
| Feb-26 | 801,549 |
| Mar-26 | 1,010,996 |
| Apr-26 | 1,075,247 |
| May-26 | 1,114,721 |