TAIWAN CHELIC Co.,LTD (股票代號 4555) 法說會簡報

Company Overview

公司簡介

• 公司名稱: TAIWAN CHELIC Co.,LTD (台灣氣立)
• 股票代號: 4555
• 品牌創立: 1986年
• 里程碑 (Milestones):
  • 1986: Brand Founded
  • 1996: ISO-9000 Certified (bsi)
  • 2001: 上海 (Shanghai)
  • 2014: 深圳 (Shenzhen)
  • 2015: Stock Code 4555.TW
  • 2021: 浙江 (Zhejiang)
  • 2023: ISO-14001 Environmental Management Certified (bsi), ISO-27001 Information Security Certified (bsi)
  • 2024: ISO-14064-B DVN & DUNPEGISTERED (bsi)
  • 2025: 泰國 (Thailand), ISO-45001 Occupational Health and Safety Management Certified (bsi)

免責聲明 (Disclaimer)

• 本簡報及同時發佈之相關訊息所提及之預測性資訊，乃是建立在本公司從內部與外部來源所取得的資訊基礎，本公司未來實際所可能發生的營運結果、財務狀況及業務成果，可能與這些明示或暗示的預測性資訊有所差異，其原因可能來自於各種本公司無法掌握之風險等因素。
• 本簡報中對未來的展望，反映本公司截至目前為止對於未來的看法，未來若有任何變更或調整時，本公司並不負責隨時再度提醒或更新。

Financial Highlights

合併營收及毛利 (Consolidated Revenue & Gross Profit)

• 營收Sales (新台幣百萬元):
  • 1Q23: 343
  • 2Q23: 388
  • 3Q23: 310
  • 4Q23: 337
  • 1Q24: 326
  • 2Q24: 394
  • 3Q24: 391
  • 4Q24: 381
  • 1Q25: 379
  • 2Q25: 422
  • 3Q25: 407
  • 4Q25: 395
  • 1Q26: 406
  • 2Q26: 492
• 營業毛利GP (新台幣百萬元):
  • 1Q23: 107
  • 2Q23: 109
  • 3Q23: 77
  • 4Q23: 79
  • 1Q24: 87
  • 2Q24: 104
  • 3Q24: 89
  • 4Q24: 109
  • 1Q25: 104
  • 2Q25: 135
  • 3Q25: 130
  • 4Q25: 126
  • 1Q26: 122
  • 2Q26: 162
• 毛利率:
  • 1Q23: 31.22%
  • 2Q23: 28.20%
  • 3Q23: 24.95%
  • 4Q23: 23.50%
  • 1Q24: 26.83%
  • 2Q24: 26.34%
  • 3Q24: 22.68%
  • 4Q24: 28.61%
  • 1Q25: 27.38%
  • 2Q25: 32.08%
  • 3Q25: 31.96%
  • 4Q25: 31.93%
  • 1Q26: 30.13%
  • 2Q26: 32.95%
• Y/Y 年度成長率:
  • 26H1營收: 12.12%
  • 26H1毛利: 18.95%
• 說明: 毛利率因產品設計優化與產能集中化調整，帶動整體稼動率提升，26Q2毛利率上升至近33%。

營業費用及淨利 (Operating Expenses & Net Profit)

• 研究發展費用 (% of Sales):
  • 1Q23: 8.6%
  • 2Q23: 8.2%
  • 3Q23: 8.7%
  • 4Q23: 6.8%
  • 1Q24: 6.9%
  • 2Q24: 6.8%
  • 3Q24: 7.5%
  • 4Q24: 8.1%
  • 1Q25: 6.8%
  • 2Q25: 7.0%
  • 3Q25: 6.7%
  • 4Q25: 6.8%
  • 1Q26: 7.0%
  • 2Q26: 6.7%
• 推銷費用 (% of Sales):
  • 1Q23: 9.3%
  • 2Q23: 9.0%
  • 3Q23: 12.2%
  • 4Q23: 9.6%
  • 1Q24: 10.0%
  • 2Q24: 10.7%
  • 3Q24: 12.1%
  • 4Q24: 12.0%
  • 1Q25: 9.2%
  • 2Q25: 9.8%
  • 3Q25: 10.8%
  • 4Q25: 10.8%
  • 1Q26: 10.1%
  • 2Q26: 8.8%
• 管理費用 (% of Sales):
  • 1Q23: 9.9%
  • 2Q23: 9.8%
  • 3Q23: 11.1%
  • 4Q23: 11.6%
  • 1Q24: 10.8%
  • 2Q24: 10.0%
  • 3Q24: 9.7%
  • 4Q24: 10.5%
  • 1Q25: 10.6%
  • 2Q25: 10.5%
  • 3Q25: 10.9%
  • 4Q25: 11.4%
  • 1Q26: 11.0%
  • 2Q26: 10.1%
• 營業淨利 (% of Sales):
  • 1Q23: 3.3%
  • 2Q23: 1.1%
  • 3Q23: -7.0%
  • 4Q23: -4.5%
  • 1Q24: -0.9%
  • 2Q24: -1.2%
  • 3Q24: -6.6%
  • 4Q24: -2.0%
  • 1Q25: 0.8%
  • 2Q25: 4.7%
  • 3Q25: 3.6%
  • 4Q25: 2.9%
  • 1Q26: 2.1%
  • 2Q26: 7.4%
• 說明: 受惠於營收及毛利率的提升，26H1營業淨利44,513千元較去年同期增長94.71%。

稅後淨利及EPS (Net Profit After Tax & EPS)

• 稅後淨利 (新台幣百萬元):
  • 1Q23: 3
  • 2Q23: 9
  • 3Q23: -19
  • 4Q23: -26
  • 1Q24: -3
  • 2Q24: 10
  • 3Q24: -52
  • 4Q24: -6
  • 1Q25: 3
  • 2Q25: -4
  • 3Q25: 11
  • 4Q25: 19
  • 1Q26: 5
  • 2Q26: 50
• EPS (元):
  • 1Q23: 0.04
  • 2Q23: 0.13
  • 3Q23: -0.27
  • 4Q23: -0.41
  • 1Q24: -0.06
  • 2Q24: 0.12
  • 3Q24: -0.78
  • 4Q24: -0.08
  • 1Q25: 0.00
  • 2Q25: -0.13
  • 3Q25: 0.11
  • 4Q25: 0.21
  • 1Q26: 0.04
  • 2Q26: 0.65
• 說明: 由於營收及毛利率增長，加上業外無大額匯兌損失干擾，26H1 EPS為0.69元。

Business Segments

氣立營收結構 (CHELIC Revenue Structure)

• 氣動元件 (Pneumatic Components): 62%
  • 台北 (Taipei): 泰山廠 (Taishan Factory)
  • 上海 (Shanghai): 松江廠 (Songjiang Factory)
  • 泰國廠 (Thailand Factory)
• 精密金屬製造 (Precision Metal Manufacturing): 38%
  • 浙江 (Zhejiang): 平湖廠 (Pinghu Factory)

Products & Technologies

氣立成長5大核心主軸 (CHELIC's 5 Core Growth Pillars)

1. 感測 (Sensor):
   • 夾鉗式超音波流量感測器 (Clamp-on Ultrasonic Flow Sensor)
   • FN-V Series
2. 電控 (Electric):
   • 靈巧手 (Dexterous Hand)
   • EHD Series
3. 氣動 (Pneumatic):
   • 潔淨室用無桿氣缸 (Rodless Cylinder for Cleanroom)
   • PRUC Series
4. 真空 (Vacuum):
   • 聯座型真空發生器 (Manifold Type Vacuum Ejector)
   • VKMT Series
5. 製精造密 (Precision Manufacturing):
   • 機器人配件 / 精密組件 (Robot Accessories / Precision Components)

流量感測器 (Flow Sensors)

• 氣立超音波流量感測器 CDU 應用 (CHELIC Ultrasonic Flow Sensor CDU Application):
  • 一次側循環 (PRIMARY SIDE - Facility side):
    • Facility Water 量測水流量 (Measuring water flow for facility water)
    • FU-V Series: 適用管徑 DN08-DN100
    • 應用於室外冷卻設備 (Outdoor cooling equipment)
  • 二次側循環 (SECONDARY SIDE - IT Rack):
    • Coolant 量測低溫冷卻液流量 (Measuring low-temperature coolant flow)
    • FU-V or FX Series
    • FX Series: 適用管徑 3mm~12.7mm
    • 可依CDU管徑大小選擇 FU-V Series 或 FX Series
    • 應用於 In-Row CDU 冷熱交換 (In-Row CDU for hot/cold aisle containment)
• 超音波流量感測器 (Ultrasonic Flow Sensor - FU-V series):
  • 擴充功能應用廣 (Wide range of expandable functions): 可外接壓力、液位感測器 (Can connect external pressure, liquid level sensors).
  • 一鍵設定好上手 (Easy one-button setup): 創新選單，輕鬆設置 (Innovative menu, easy setup).
  • 強化玻璃螢幕 高清耐用 (Reinforced glass screen, high-definition and durable): 防刮、耐撞、可視化高 (Scratch-resistant, impact-resistant, high visibility).
  • 夾管式結構 免停機 零汙染 (Clamp-on structure, no downtime, zero pollution): 易安裝、免裁管、無漏液、無壓損 (Easy installation, no pipe cutting, no leakage, no pressure loss).
  • 適用配管 (Applicable pipe materials): 不銹鋼 (Stainless Steel), 碳鋼 (Carbon Steel), 銅管 (Copper Pipe), PVDF, CPVC, PVC, PPR, PPH, PFA, PU, HDPE.
  • 適用流體 (Applicable fluids): 化學腐蝕液 (Chemical corrosive liquids), 水 (Water), 油 (Oil).
  • 可測流體條件 (Measurable fluid conditions): 1. 流體在管道中流速穩定 (Stable fluid velocity in pipe), 2. 壓力保持在0.3MPa (Pressure maintained at 0.3MPa), 3. 流體溫度100℃以內 (Fluid temperature within 100℃), 4. 不會因流動產生氣泡(氣穴) (No air bubbles/cavitation due to flow).
  • 台灣精品 2026 (Taiwan Excellence 2026).
• 超音波流量感測器-小管徑 (Ultrasonic Flow Sensor - Small Pipe Diameter - FN-X series):
  • 外夾式、零污染! (Clamp-on, zero pollution!): 相較內嵌式流量計，安裝更快速、無污染風險 (Faster installation, no contamination risk compared to in-line flow meters).
  • 乾式耦合 (Dry coupling): 免耦合劑，零污染、零維護 (No coupling agent, zero pollution, zero maintenance).
  • 高精度讀值 (High precision reading): ±1% 精度 (±1% accuracy).
  • 即時數據傳輸 (Real-time data transmission): 支援 RS-485 通訊 (Supports RS-485 communication).
  • 本體多材質 (Multiple body materials): 工程塑膠(PPS)、鋁合金、不銹鋼 (Engineering plastic (PPS), aluminum alloy, stainless steel).
  • 配管材質 (Applicable pipe materials): PVC, PFA/PTFE, 不銹鋼/銅 (Stainless Steel/Copper).
  • 測量流體 (Measurable fluids): 水 (Water), 油 (Oil), 冷卻液 (Coolant - HC3283, JHT200).
  • 單機即用 連線即控 (Standalone use, online control).

流量感測器產品模組 (Flow Sensor Product Modules)

• 液體流量控制單元 (Liquid Flow Control Unit - RLC series):
  • 功能: 超聲波流量感測器 + 電動球閥設計 (Ultrasonic flow sensor + electric ball valve design), 同時監控 P(壓力) / T(溫度) / Q(流量) / V(流速) (Simultaneously monitors Pressure, Temperature, Flow Rate, Velocity), 自動調節流量大小 (Automatically adjusts flow rate).
  • 應用產業 (Application Industries): 液冷散熱 (Liquid cooling and heat dissipation), 半導體產業 (Semiconductor industry).
  • 規格 (Specifications): RLC 15/20/25/32/40/50
  • 特點: 電動自動控制 (Electric automatic control), 流量調節 (Flow adjustment), 結構緊湊體積小 (Compact size).
  • 型號 (Model) | 牙徑 (PT) | 卡盤外徑 (mm) | 公稱通徑 (DN) | Kv值 (m³/h) | 公稱壓力 (WOG):
    • RLC-15 | 1/2" | 50.5 | DN15 | 21 | 1000
    • RLC-20 | 3/4" | 50.5 | DN20 | 38 | 1000
    • RLC-25 | 1" | 50.5 | DN25 | 72 | 1000
    • RLC-32 | 1¼" | 50.5 | DN32 | 112 | 1000
    • RLC-40 | 1½" | 64 | DN40 | 170 | 1000
    • RLC-50 | 2" | 77.5 | DN50 | 270 | 1000
• 氣體流量控制單元 (Gas Flow Control Unit - RGC series):
  • 功能: 熱質式氣體流量感知器 + 電動針閥搭配RS485 MODBUS RTU 物聯設計 (Thermal mass gas flow sensor + electric needle valve with RS485 MODBUS RTU IoT design), 精確調節氣體(如壓縮空氣、特定非腐蝕氣體等)的流速、流量 (Precisely adjusts flow rate and volume of gases like compressed air, specific non-corrosive gases), 自動調節流量大小 (Automatically adjusts flow rate).
  • 應用產業 (Application Industries): 半導體 (Semiconductor), 光電產業 (Optoelectronics), 化工產業 (Chemical industry).
  • 規格 (Specifications): RGC 200/300
  • 特點:
    • 精準微調,動靜皆穩 (Precise fine-tuning, stable in motion and static): 50ms 快速反應、精密流量調節 (50ms fast response, precise flow adjustment), 重複精度±0.5% (Repeatability ±0.5%).
    • 高耐壓結構,穩定可靠 (High pressure resistant structure, stable and reliable): 最大使用壓力 16 bar (Max operating pressure 16 bar), 閥門連續開閉 1,000萬次以上 (Valve continuous opening/closing over 10 million cycles).
    • 調控防護,節省成本 (Control protection, cost saving): IoT 物聯控制 & 洩漏偵測 (IoT control & leak detection), 精準掌控氣體消耗量 (Precise control of gas consumption).

新一代靈巧手 (New Generation Dexterous Hand)

• 新版靈巧手特點 (Features of the New Dexterous Hand):
  • 手指可個別動作,也可切換位置,以適用不同夾持狀態 (Fingers can move individually and switch positions for different gripping states).
  • 整合9個壓力及作用力感測點,具備0.2N50N 精細作用力回饋 (Integrates 9 pressure and force sensing points, with 0.2N50N fine force feedback).
  • 具備自適應抓取技術,不需一直更換夾具,可透過切換夾持與抓握模式,包覆不規則及脆弱物體 (Features adaptive gripping technology, no need to constantly change grippers, can handle irregular and fragile objects by switching between gripping and grasping modes).
  • 重量由前版1.6KG減輕為0.9KG (Weight reduced from previous version's 1.6KG to 0.9KG).
  • 外型尺寸縮減為:Ø97mmx95mm (Dimensions reduced to Ø97mmx95mm).
  • 採用ROS2架構與 ISO 9409-1 標準介面,能直接用於各大機械手臂設備 (Adopts ROS2 architecture and ISO 9409-1 standard interface, can be directly used with major robotic arm equipment).

Clients & Markets

客戶產業別分布 (Customer Industry Distribution)

• 2025年度 (2025 Annual):
  • 自動化產業 (Automation Industry): 15%
  • 包裝機械 (Packaging Machinery): 4%
  • 其他 (Other): 1%
  • 半導體 (Semiconductor): 2%
  • 經銷商 (Distributors): 16%
  • 電子行業 (Electronics Industry): 23%
  • 其他精密零部件 (Other Precision Components): 22%
  • 通用機械 (General Machinery): 8%
  • 汽車行業 (Automotive Industry): 8%
  • 服裝行業 (Apparel Industry): 1%
• 2026年1-6月 (2026 H1):
  • 自動化產業 (Automation Industry): 15%
  • 包裝機械 (Packaging Machinery): 1%
  • 半導體 (Semiconductor): 4%
  • 汽車行業 (Automotive Industry): 8%
  • 其他 (Other): 2%
  • 服裝行業 (Apparel Industry): 1%
  • 其他精密零部件 (Other Precision Components): 20%
  • 經銷商 (Distributors): 18%
  • 電子行業 (Electronics Industry): 24%
  • 通用機械 (General Machinery): 7%

Recent Performance and Results

2026H1實績 (2026 H1 Performance)

• 半導體設備產業 (Semiconductor Equipment Industry)
• 汽車產業 (Automotive Industry)
• 自動化&機器人產業 (Automation & Robotics Industry)
• 液冷散熱產業 (Liquid Cooling & Heat Dissipation Industry)

Outlook & Strategy

2026H2展望-轉型再成長 (2026 H2 Outlook - Transformation for Growth)

• 流量感測器 (Flow Sensors):
  1. 客戶陸續完成測試，從Q2末起已開始由樣品測試訂單逐步轉為正式小量訂單出貨，客戶產業主要以半導體廠務、液冷散熱等為主 (Customers have completed testing, and from late Q2, sample orders have gradually transitioned to formal small-volume orders, primarily for semiconductor facility management and liquid cooling/heat dissipation industries).
  2. 應用範圍擴散，延伸至水資源、生技製藥及自動化設備等產業，相關營業額將會有較顯著增加 (Application scope is expanding to water resources, biotechnology and pharmaceuticals, and automation equipment industries, which will lead to a more significant increase in related revenue).

Additional Data

社群媒體 (Social media)

• Facebook: CHELIC 台灣氣立 (facebook.com/chelic.tw)
• Instagram: @chelic_automation
• Twitter: @CHELIC10
• WeChat: 气立可
• YouTube: CHELIC 台灣氣立
• Google+: 台灣氣立
• 官網: www.chelic.com

展覽資訊 (Exhibition Information)

• 人機協作・AI賦能 (Human Insight. AI Power.)
• 展期: 2026/8/19 (Wed.) - 22 (Sat.)
• 時間: 10:00 - 17:00 (最後一日展至當日閉館至16:00)
• 地點: 台北南港展覽館1館 (Taipei Nangang Exhibition Center, Hall 1 & 2)
• 攤位號: J606
• 主題: Air Leads the Way, Seize the Day! 驅動未來・智造無界 (Drive the Future, Intelligent Manufacturing without Boundaries)
• 四大主軸:
  • AI x Automation: 智慧整合・效率升級 (Intelligent integration, efficiency upgrade)
  • Pneumatic Solution: 氣動方案・精準可靠 (Pneumatic solutions, precise and reliable)
  • Smart Sensing: 智能感測・洞察未來 (Smart sensing, insight into the future)
  • Intelligent Control: 控制整合・穩定高效 (Integrated control, stable and efficient)