立萬利創新股份有限公司 (3054) 2026Q1 法說會簡報
免責聲明 Disclaimers
- 本公司並未發佈財務預測,但本簡報所作有關本公司業務面、財務面及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距。此差距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。
- LIWANLI Innovation Co., Ltd. does not issue financial forecasts. However, the statement of the company's business, finance condition and Q&A in this presentation may differ from future actual results. This causes from market demand, prices fluctuations, competitions behavior, global economic situations, exchange rate fluctuations, supply chain and other factors or risks beyond the company's control.
- 本簡報是建立於本公司從各項來源所取得之資訊。未來若有變更或調整時,請以公開資訊觀測站公告資訊為主要依據。
- This presentation is based on the information obtained from various sources which the Company believes to be reliable. please refer to the information on MOPS website as the main basis if any adjustment has been made.
Company Overview
基本資料 Company Profile
- 公司名稱: 立萬利創新股份有限公司 (LIWANLI Innovation Co., Ltd.)
- 股票代碼(Stock Code): 3054
- 法人說明會日期: 2026/06/29
- 董事長(Chairman): 陳立青 (Jason Chen)
- 公司成立(Date of Established): 1991年6月 (June, 1991)
- 股票上市(Date of listing in TWSE): 2002年11月 (November, 2002)
- 實收資本額(Capital): 新臺幣8.07億元 (NTD 807 Million)
- 營業項目(Business Scope):
- (1)電子產品貿易銷售 (Trading and sales of electronic products)
- (2)保健食品相關產品的開發與銷售 (Development and sales of health supplement products)
策略里程碑 Strategy Milestones
1991-2014 | 基礎奠定 (Foundation)
- 1991年6月 設立「萬國電腦股份有限公司」 (Established as Carry Computer Engineering Co., Ltd. in June 1991.)
- 深耕電子產品研發、製造與貿易業務 (Focused on R&D, manufacturing, and trading of electronic products.)
- 2002年11月 於台灣證券交易所掛牌上市(3054) (Listed on the Taiwan Stock Exchange (TWSE: 3054) in November 2002.)
2015 – 2020 | 策略轉型 (Strategic Transformation)
- 2015年7月 更名為「立萬利創新股份有限公司」,啟動組織調整 (Renamed to LIWANLI Innovation Co., Ltd. and initiated organizational restructuring in July 2015.)
- 2015年11月調整營運結構,逐步退出低毛利製造業務 (Restructured operations and exited low-margin manufacturing business in November 2015.)
- 2017年起拓展生技保健食品業務 (Expanded into biotechnology and health supplement business starting in 2017.)
2021-迄今 | 多元發展 (Business Diversification)
- 電子產品與生技保健事業並行發展 (Electronics and biotechnology and health supplement businesses operating in parallel.)
- 生技保健產品獲得國際品質獎項(Monde Selection、SNQ) (Biotechnology and health supplement products recognized with international quality awards (Monde Selection, SNQ).)
- 2023年7月轉列食品工業類股 (Reclassified under the "Food Industry" category in July 2023.)
- 獎項展示: Monde Selection (GOLD 2026, GOLD 2025, GOLD 2024, GOLD 2023, SILVER 2022, GRAND GOLD 2021), 2024第一屆醫療科技團體獎 (Medical Technology Team Award).
核心優勢與定位 Core Values & Strategic Positioning
- 永續經營核心 Sustainable Core Values
- 以「創新、價值、服務、品質」為根基,持續優化事業組合與營運結構。(Rooted in "Innovation, Value, Service, and Quality" to optimize business portfolio.)
- 雙軌營運模式Dual-Engine Growth Model
- 結合穩健的電子貿易與成長中的生技保健事業,提升整體營收穩定性。(Operating electronics and biotech businesses in parallel to enhance stability.)
- 卓越品質保證 Quality Excellence
- 多項產品獲得 Monde Selection 及 SNQ 認證,展現國際級生技研發實力。(Multiple products recognized with international quality awards, demonstrating biotech expertise.)
- 提升股東價值 Enhanced Shareholder Value
- 兼具電子貿易與保健品銷售,致力於提升營運韌性與長期發展動能。(Committed to enhancing corporate resilience and long-term shareholder value.)
Business Segments
近年來公司主要產品項目及營業比重 (Items and ratio of main products of the Company)
| 產品別 Category | 主要產品項目 Main Products | 2024 | 2025 | 2026Q1 |
|---|---|---|---|---|
| 儲存裝置 Storage products | 包括DRAM等相關記憶體產品。DRAM of Memory products related. | 60.91% | 64.93% | 93.39% |
| 其他 other | 保健食品及其他產品。Healthy food products and others. | 39.09% | 35.07% | 6.61% |
| 合計 Total | 100% | 100% | 100% |
Products & Technologies
生技類產品介紹 Biotechnology products
威客維專科系列
- 威舒益PLUS酵母益生菌粉包 (ibSium-HST Probiotic)
- 改變細菌叢生態・調整體質
- 12種專利益生菌+專利菊苣多醣
- 兩百億活菌好有酵
- 專利包埋技術好活力
- 世界專利 ibSium®酵母益生菌
- 法國國家保藏中心菌種人體試驗功效認證
- 乳酸活菌數 200億×30包
- 威舒暢PLUS+益菌酵素粉包 (Probiotic Enzyme PLUS+)
- 維持消化・排便順暢
- 8益菌+5酵素好有感
- 定殖共生好順暢
- 天然蔬果酵素好消化
- ABL PROBIOTICS百億活菌
- 益生元。體本新對策
- 乳酸活菌數 150億×30包
- 威而潤PLUS智利酒果粉包 (MaquiBright Lutein)
- 細心呵護・舒適明潤
- 雙專利配方效果好
- 酵母硒+維生素A、C、E全方位細節捕捉
- 晶亮潤澤舒適
- 日本專利 MaquiBright® 智利酒果
- Lyc-O-Lutein™™™專利游離型葉黃素
- 含飛燕草素 Delphinidins 30包
- 威護伸PLUS 接骨木莓粉包 (Black Elderberry)
- 超前部署 極效配方
- 維生素C+D3+鋅
- X 高濃縮
- Iprona® Elderberry Extract, crafted with proprietary IPT™ ultrafiltration technology.
- 30包
- 威護節軟膠囊 (Shea Butter Oil with Patented Type II Collagen Softgels)
- 韌性強固+彈性升級再強化
- UC-II®美國專利非變性二型膠原蛋白
- MSM Methylcobalamin
- 90顆裝
- 威鈣素微泡口嚼錠 (Osteocalcin Fizz Chew Essence)
- 美澳專利低溫萃取骨鈣素
- 專科級骨膠原羥基磷酸鈣
- 60錠
威客維機能系列
- 黃金虫草子實體膠囊 (Cordyceps Militaris Capsule)
- 黃金虫草子實體
- Cordyceps militaris powder
- NAD+青春賦能粉包 (New Anti-aging Desire+)
- 七國專利穩定型NADH
- 重置青春能量
- NAD+/Pure+ / Youth+
- Supported by Nobel Prize winner
- 15 sachets
- 威攝士膠囊 (Pro-Active Nutrients)
- 男性營養胜肽膠囊
- 英國RNP國際營養醫學研究中心認證
- 調理體質自信昂揚
- 專利胜肽載體精胺酸
- 一氧化氮+鋅
- 60顆
威客維三麗鷗聯名/兒童系列
- 威敏暢酵素益菌粉包 (Kids Probiotic Enzyme Powder)
- 三麗鷗聯名款 (HANGYODON)
- 30入
- 滴D優滴液 (DHA D3 drops)
- 三麗鷗聯名款 (HANGYODON)
- DHA+維生素D3滴液
- 優生強護配方
- 啟動關鍵學習力
- 30ml
- 護晶明PLUS咀嚼錠 (Extra Bright Bilberry Plus Tablets)
- 學習陪伴 安心成長
- 給寶貝晶漾應援
- 60錠
威客維美妍系列
- 醇萃活鐵補精 (GoyoungFe Essence)
- 一天一瓶氣色升級
- 9種草本植萃 調整體質
- 9種水果多酚菁華 青春賦活
- 專利 Ferrochel小分子甘胺酸亞鐵加倍吸收
- 補鐵養顏 私密時
- 15ml/10瓶
- 白藜蘆醇美妍精華飲 (Red Grape Extract contains Resveratrol)
- Red Grape Extract Contains Resveratrol
- 調節生理機能 青春美
- 30ml
滴滴鮮養生系列
- 滴滴鮮滴雞精 (DDDrops Essence of Chicken)
- 點點心意 滴滴鮮甜
- 古法溫火蒸煮10小時
- 無腥味零脂肪零膽固醇
- 溫體新鮮入鍋
- 每100克 7000mg 水解胺基酸
- 滴滴鮮彈力膠原滴雞精 (DDDrops Essence of Chicken With Beauty Collagen)
- 彈力膠原 滴雞精
- ESSENCE OF CHICKEN WITH BEAUTY COLLAGEN
- 每100克 7000mg 水解胺基酸
- 7000mg 膠原蛋白胜肽
- 滴一鮮仁蔘精華飲 (DEDrops Ginseng Tonic Drink)
- 皇室御膳
- 療肺草 蓮子心意製成
- 紅白雙參調和
- 頂級古法 人參皂苷 10mg
- 45ml
電商新品牌 森一
- 72歐洲專利黑接骨木莓+C (SenOne 72 Elderberry+C)
- 病後の栄養補給 と健やかな体づくりに (Post-illness nutritional supplement and for healthy body)
- β-グルコサン ビタミンC (β-glucan Vitamin C)
- エルダーミューン (ElderImmune)
- 栄養機能食品 抗ウイルス対応 (Nutritional functional food, antiviral support)
- 30日分
- 90蔬果好孅 專利代謝酵素 (Greenzyme Fiber 90)
- 專利 水溶性食物繊維 (Patented water-soluble dietary fiber)
- 領纖配方 (Leading fiber formula)
- 90種 果物と野菜 (90 kinds of fruits and vegetables)
- 日本 濃厚抹茶 甘潤順口 (Japanese rich matcha, sweet and smooth)
- 輕鬆順暢 (Easy and smooth)
- 果物と野菜の酵素は消化を助けます 健康と軽さのための新しい戦略 (Fruit and vegetable enzymes aid digestion, a new strategy for health and lightness)
- 高濃縮蔓越莓益生菌植物膠囊 (SenOne Cranberry Probiotic Complex)
- クランベリー+乳酸菌 (Cranberry + Lactic acid bacteria)
- 女性らしさと自信を取り戻します (Regain femininity and confidence)
- 100% VEGAN 植物性カプセル (100% VEGAN vegetable capsule)
- デリケートゾーンの環境を整え 健やかな身体機能を保ちます (Regulate the environment of delicate areas, maintain healthy bodily functions)
- 栄養機能食品 (Nutritional functional food)
- 30capsules
代理品牌 NYO3
- NYO3 南極磷蝦油 (NYO3 Antarctic Krill Oil Soft Gel Capsules)
- From Norway Pure and Simple
- PHOSPHOLIPIDS CHOLINE ASTAXANTHIN OMEGA-3
- Ultrapure Essential Fatty Acid
- LPC-DHA
- DIETARY SUPPLEMENT | 60 SOFTGELS
Clients & Markets
銷售通路 Sales Channels
實體通路 Brick-and-mortar Store
- 康是美藥妝店 (Cosmed)
- 大樹連鎖藥局 (Great Tree Pharmacy)
- 躍獅連鎖藥局 (Yes Chain Pharmacy)
- 美康健保藥局(雙北桃園區域連鎖) (Mei Kang Health Insurance Pharmacy (Taipei-New Taipei-Taoyuan regional chain))
- 全球連鎖(桃園區域) (Global Chain (Taoyuan region))
- 唯新婦嬰藥妝 (Wei Xin Mother & Baby Pharmacy)
電商平台 Online Shop
- Vigoway 官方網站 (Vigoway Official Website)
- Find Best 購物網站 (Find Best Shopping Website)
- 蝦皮商城Vigoway x SenOne (Shopee Mall Vigoway x SenOne)
- momo購物網 (momo Shopping Network)
- ETMall東森購物 (ETMall Eastern Shopping)
- PChome
- 博客來 (Books.com.tw)
Financial Highlights
合併營收 (Revenue of Consolidation)
單位:新台幣仟元 (Unit: NT$ thousand)
- 2024年度: 99,156
- 2025年度: 125,540
- 2026年第一季: 135,881
合併營業毛利 (Gross Profit of Consolidation)
單位:新台幣仟元 (Unit: NT$ thousand)
- 2024年度: 20,833
- 2025年度: 39,110
- 2026年第一季: 102,770
合併營業淨利(損) (Operation Income/Loss of Consolidation)
單位:新台幣仟元 (Unit: NT$ thousand)
- 2024年度: (37,346)
- 2025年度: (70,829)
- 2026年第一季: 72,979
合併本期淨利(損) (Net Income/Loss of Consolidation)
單位:新台幣仟元 (Unit: NT$ thousand)
- 2024年度: (32,074)
- 2025年度: 158,146
- 2026年第一季: 113,767
財務結構 Financial Analysis -Consolidated
流動比率 (Current Ratio)
- 2025/03/31: 1288%
- 2025/12/31: 705%
- 2026/03/31: 517%
負債比率 (Debt Ratio)
- 2025/03/31: 4.47%
- 2025/12/31: 7.49%
- 2026/03/31: 9.97%
簡明合併綜合損益表 (Condensed Statement of Income-Consolidated)
單位:新台幣仟元;% (Unit: NT$ thousand;%)
| 項目 | 2026/01/01~2026/03/31 | 2025/01/01~2025/03/31 |
|---|---|---|
| Amount | % | |
| 營業收入(Net Revenue) | 135,881 | 100 |
| 營業成本(Cost of Revenue) | (33,111) | (24) |
| 營業毛利(Gross Profit) | 102,770 | 76 |
| 營業費用(Operating Expense) | (29,791) | (22) |
| 營業淨損(Operating Loss) | 72,979 | 54 |
| 營業外收入及利益(Non-operating Income and Expense) | 50,237 | 37 |
| 稅前淨利(Income Before Income Tax) | 123,216 | 91 |
| 所得稅費用(Income Tax Expense) | (9,449) | (7) |
| 本期淨利(Net Income) | 113,767 | 84 |
| 基本每股盈餘(損失)(元) Basic EPS(NT $ dollar) | 1.41 |
簡明合併資產負債表 (Condensed Balance Sheet--Consolidated)
單位:新台幣仟元;% (Unit: NT$ thousand;%)
| 項目 | 2026/03/31 | 2025/12/31 | 2025/03/31 |
|---|---|---|---|
| Amount | % | Amount | |
| 流動資產 (Current Assets) | 735,976 | 49 | 559,815 |
| 透過其他綜合損益按公允價值衡量之金融資產-非流動 (Financial assets at fair value through OCI-noncurrent) | 427,460 | 29 | 255,374 |
| 不動產、廠房及設備 (Property, plant and equipment) | 11,085 | 1 | 11,582 |
| 使用權資產 (Right-of-use assets) | 1,119 | 0 | 1,228 |
| 投資性不動產淨額 (Investment property) | 293,804 | 20 | 294,491 |
| 其他非流動資產 (Others noncurrent assets) | 20,118 | 1 | 19,176 |
| 資產總額 (Total of Assets) | 1,489,562 | 100 | 1,141,666 |
| 流動負債 (Current liabilities) | 142,266 | 10 | 79,441 |
| 非流動負債 (Noncurrent liabilities) | 6,221 | 0 | 6,101 |
| 負債總額 (Total of Liabilities) | 148,487 | 10 | 85,542 |
| 股本 (Capital stock) | 806,510 | 53 | 806,510 |
| 資本公積 (Capital surplus) | 0 | 0 | 0 |
| 保留盈餘 (Retained earnings) | 264,677 | 18 | 150,910 |
| 其他權益 (Other equity) | 269,888 | 18 | 98,704 |
| 股東權益總額 (Total of Equity) | 1,341,075 | 89 | 1,056,124 |
| 負債及股東權益總額 (Total of Liability and Equity) | 1,489,562 | 99 | 1,141,666 |
Outlook & Strategy
公司展望 Future Vision
生技保健事業:品牌與通路拓展 (Biotech & Health: Brand & Channel Expansion)
- 產品研發: 每季推出新產品,保持市場活力 (Launching at least one new product per quarter to drive market vitality.)
- 專業背書: 與專科醫師合作,建立品牌信任 (Collaborating with medical specialists to enhance brand credibility.)
- 精準行銷: 優化電商與社群轉化 (Optimizing e-commerce and social media conversion rates.)
- 業務與佈局: 拓展新客戶與通路,積極開拓海內外OEM/ODM合作機會 (Expanding customer base and distribution channels while actively pursuing global OEM/ODM opportunities.)
電子貿易事業:穩健與靈活 (Electronics Trading: Steady Operations & Strategic Agility)
- 靈活營運: 追蹤市場供需,維持穩健營運 (Monitoring market trends and supply-demand fluctuations to ensure operational stability.)