幃翔精密股份有限公司 (6185) 2026Q3 法說會簡報
Company Overview
基本概況 (Basic Profile)
- 公司名稱: 幃翔精密股份有限公司 (Plastron Precision Co., Ltd.)
- 成立時間: 1988年 (Founded in 1988)
- 股票代碼: 6185 (Stock code 6185)
- 集團分布: 臺灣、深圳、蘇州、安徽 (In Taiwan, Shenzhen, Suzhou, and Anhui.)
- 大陸安徽廠: Anhui Factory (2016年成立, 佔地118畝)
- 集研發、生產、銷售於一體的電子連接器生產基地 (Integrates research, production, and sales of electronic connectors.)
- 集團據點:
- 臺灣: 1988, 總部 (Headquarters)
- 深圳: 辦事處 (Office)
- 安徽: 2016, 工廠 (Factory) (118畝)
- 蘇州: 辦事處 (Office) (55畝)
核心競爭力 (Core Competitiveness)
- 精密沖壓、成型 獨立電鍍線 (Stamping /Injection/Plating)
- 模具、自動機 加工與設計 (Molds, Automatic Machines, Processing and Design)
- In House 垂直整合 (Vertical Integration)
- 流程: Customer Requests -> Patent Search -> Product Developing -> APQP -> Processing of Mold, Die & Fixture -> Stamping, Electroplating, Injection, Packing, Assembly -> Shipping
- 優化: Continuous Improvement, Process Optimizations
- 設計: Auto-machine Design, Mold/Die Design, Cost & Value Engineering
- 完整實驗室設備 體系認證 (Laboratory equipment and system certification)
- MES物聯網智慧化生產 (Intelligent production)
品質認證 (Quality Certification)
- ISO 14001:2015 (環境管理系統)
- 證書註冊號: 01 104 1532478/03
- 組織: Plastron Electronic Technology (Anhui) Co., Ltd. (安徽省宣城市郎溪縣經濟開發區西蕪源山路18號)
- 地點: c/o Plastron Precision Co., Ltd. (臺灣新北市土城區自強街11巷1號3樓)
- 範圍: 連接器銷售 (Sale of Connectors)
- 有效期: 2025-02-17 (主證書有效期從 2025-04-07 至 2028-04-06)
- ISO 9001:2015 (品質管理系統)
- 證書註冊號: 01 100 1532478/03
- 組織: Plastron Electronic Technology (Anhui) Co., Ltd. (安徽省宣城市郎溪縣經濟開發區西蕪源山路18號)
- 地點: c/o Plastron Precision Co., Ltd. (臺灣新北市土城區自強街11巷1號3樓)
- 範圍: 連接器的市場行銷、銷售、採購和供應商管理 (Marketing, Sales, Purchasing and Supplier Management of Connectors)
- 有效期: 2024-03-19 (主證書有效期從 2024-03-19 至 2027-03-18)
- IATF 16949:2016 (汽車產業品質管理系統)
- 證書註冊號: 01 111 1532478
- IATF證書號: 0506328
- 證書持有人: Plastron Electronic Technology (Anhui) Co., Ltd. (安徽省宣城市郎溪縣經濟開發區西蕪源山路18號)
- 範圍: 連接器的設計和製造 (Design and Manufacturing of Connectors)
- 有效期: 從 2024-03-19 至 2027-03-18
- ISO 14064-1:2018 (溫室氣體盤查)
- 盤查標準: ISO 14064-1:2018
- 證書註冊號: CF 31817542 2501
- 報告號: 48252002 001
- 證書持有人: PLASTRON PRECISION CO., LTD. (臺灣新北市土城區自強街11巷1號3樓)
- 盤查與驗證年度: 2024 (2024.01.01~2024.12.31)
- 溫室氣體類別: CO₂, CH₄, N₂O, HFCs, PFCs, SF₆, NFs
- 盤查與驗證範圍:
- 全球暖化潛勢 (GWP): IPCC 2021, AR6
- 總碳排放量: 68.093 噸 CO₂ 當量 (tCO₂e)
- 範疇1 直接排放: 6.4099 CO₂e
- 範疇2 間接進口能源排放: 50.2703 CO₂e
- 範疇4 組織使用產品的間接排放: 11.4130 CO₂e
- 有效期: 2025-04-08
Financial Highlights
2022 ~ 2026(Jan.-Mar.) 合併簡明資產負債表 (Based on IFRS)
- 單位: 新台幣千元 (Unit: NT$ Thousands)
| 年度 (Year) | 2022 | 2023 | 2024 | 2025 | Mar. 31, 2026 | 佔比 (%) |
|---|---|---|---|---|---|---|
| 資產 | ||||||
| 流動資產 (Current assets) | 1,628,254 | 1,753,497 | 1,737,125 | 1,736,893 | 1,729,052 | 70.6% |
| 不動產、廠房及設備 (Property, Plant and Equipment) | 806,893 | 699,214 | 605,779 | 521,841 | 510,810 | 20.9% |
| 其他資產 (Other assets) | 139,896 | 137,052 | 195,375 | 208,628 | 207,205 | 8.5% |
| 資產總額 (Total assets) | 2,575,043 | 2,589,763 | 2,538,279 | 2,467,362 | 2,447,067 | 100% |
| 負債 | ||||||
| 流動負債 (Current liabilities) | 119,749 | 127,480 | 121,456 | 148,870 | 179,199 | 7.3% |
| 非流動負債 (Non-current liabilities) | 290,223 | 258,352 | 198,622 | 154,179 | 150,068 | 6.1% |
| 負債總額 (Total liabilities) | 409,972 | 385,832 | 320,078 | 303,049 | 329,267 | 13.5% |
| 權益 | ||||||
| 保留盈餘 (Retained earnings) | 658,912 | 712,301 | 643,064 | 633,451 | 553,713 | 22.6% |
| 其他權益 (Other equity interest) | (47,107) | (62,205) | 16,378 | (32,464) | 75 | 0.0% |
| 權益總額 (Total equity) | 2,165,071 | 2,203,931 | 2,218,201 | 2,164,313 | 2,117,800 | 86.5% |
2022 ~ 2026(Q1) 合併簡明綜合損益表 (Based on IFRS)
- 單位: 新台幣千元 (Unit: NT$ Thousands)
| 年度 (Year) | 2022 | 2023 | 2024 | 2025 | 2026Q1 | 佔比 (%) |
|---|---|---|---|---|---|---|
| 營業收入 (Operating revenue) | 589,576 | 584,187 | 401,916 | 527,450 | 154,595 | 100% |
| 營業毛利 (Gross profit) | 197,558 | 183,047 | 61,255 | 126,307 | 18,482 | 12.0% |
| 營業淨利(損) (Net operating income (loss)) | (17,035) | 9,016 | (128,476) | (82,255) | (30,476) | -19.7% |
| 營業外收入及支出 (Non-operating income and expenses) | 65,533 | 118,906 | 130,127 | 114,414 | 5,518 | 3.6% |
| 稅前淨利(損) (Income before tax) | 48,498 | 127,922 | 1,651 | 32,159 | (24,958) | -16.1% |
| 本期淨利(損) (Net income (Loss)) | 43,865 | 98,350 | 8,694 | 33,367 | (21,200) | -13.7% |
| 本期其他綜合損益(稅後淨額) (Other comprehensive income (income after tax)) | 63,459 | (15,098) | 78,583 | (46,862) | 32,539 | 21.0% |
| 本期綜合損益總額 (Total comprehensive income) | 107,324 | 83,252 | 87,277 | (13,495) | 11,339 | 7.3% |
| 每股盈餘 (Earnings per share) | 0.29 | 0.66 | 0.06 | 0.22 | (0.14) | - |
財務分析 (Financial Analysis)
- 單位: 百分比 (%) 或 次數 (times) 或 天數 (days)
| 年度 (Year) | 2022 | 2023 | 2024 | 2025 | 2026Q1 |
|---|---|---|---|---|---|
| 負債占資產比率 (Debt Ratio) | 15.92 | 14.89 | 12.61 | 12.28 | 13.45 |
| 流動比率 (Current ratio) | 1,359.72 | 1,375.50 | 1,430.25 | 1,166.71 | 965.38 |
| 速動比率 (Quick ratio) | 1,252.13 | 1,309.38 | 1,349.71 | 1,052.74 | 860.99 |
| 應收款項週轉率(次) (Accounts receivable turnover (times)) | 3.04 | 3.10 | 2.67 | 3.34 | 3.59 |
| 存貨週轉率(次) (Inventory turnover (times)) | 3.18 | 3.83 | 3.91 | 3.27 | 3.36 |
| 平均銷貨日數 (Average days in sales) | 114.77 | 95.30 | 93.35 | 111.62 | 108.63 |
| 資產報酬率(%) (Return on total assets) | 1.71 | 3.80 | 0.33 | 1.33 | -0.86 |
| 權益報酬率(%) (Return on stockholders' equity) | 2.06 | 4.50 | 0.39 | 1.52 | -0.99 |
| 純益率(%) (Profit ratio) | 7.44 | 16.84 | 2.16 | 6.32 | -13.71 |
| 每股盈餘 (Earnings per share) | 0.29 | 0.66 | 0.06 | 0.22 | -0.14 |
| 現金流量比率(%) (Cash flow ratio) | 61.50 | 166.28 | 74.08 | 49.65 | -46.06 |
| 現金流量允當比率(%) (Cash flow adequacy ratio) | 35.98 | 69.08 | 100.91 | 102.16 | 105.61 |
Business Segments
產品應用 (Applications)
- 2026年產品應用分佈:
- 工控 (Industrial): 57%
- 網通 (Communication): 23%
- 汽車 (Automotive): 15%
- 消費 (Consumer): 4%
- 其他 (Others): 1%
- 2027年產品應用分佈預估:
- 工控 (Industrial): 45%
- 汽車 (Automotive): 24%
- 網通 (Communication): 20%
- 消費 (Consumer): 10%
- 其他 (Others): 1%
Products & Technologies
新品開發 (New Product Development)
- TYPE-C 系列:
- 2022: USB2.0 IPX8 16PIN
- 2023: USB3.1 IPX8 24PIN, USB3.1 IPX6 24PIN
- 2025: USB3.1 1PX4 24PIN
- 2026: C-Type PLUG 12/16/24PIN
- 線對板 & 防水系列 (Wire To Board & Waterproof Series):
- 2025: Q Series Header
- 2026: WTB(1.5/2.0)
- 板對板系列 (Board To Board Series):
- 2022: 1.27 SMC
- 2023: 1.0 BTB, 0.7 Socket 54/92/100
- 2024: 0.4 BTB 10G, 0.5 BTB 5G
- 2025: 0.8 BTB 10G
- 2026: Floating Connector
- 新技術開發認證 (New technology development Certification):
- 2023: USCAR (UNITED STATES COUNCIL FOR AUTOMOTIVE RESEARCH)
- 2025: Press-Fit, US Car Certification
- 2026: FPC/FFC, CNAS
實用新型專利技術 (Utility Model Patent)
- 產品 (Product):
- 連接器相關產品, 共52項專利。(Connector related products, a total of 52 patents.)
- 生產相關 (Related of production):
- 沖模生產 (Die production)
- 塑模生產 (Molding production)
- 自動機生產 (Automatic machine production)
- 共19項專利。(A total of 19 patents.)