PATEC (TWSE: 2236) 2026 1H 法說會簡報

Company Overview

PATEC Group is a Singapore-headquartered engineering conglomerate specializing in precision metal-forming technologies, industrial automation, and medical device manufacturing.

• Global Employees: 3,000+
• Global Facilities: 12
• Year Founded: 1992
• Publicly Listed: TWSE

Strategic Growth & Key Milestones

• 1992 Incorporation: Foundation in Singapore with R&D in Japan. Expansion of manufacturing bases to Indonesia, China, and Hungary.
• 2015 TWSE Listing: Officially listed on the Taiwan Stock Exchange (TWSE: 2236), marking a major step in corporate transparency and capital growth.
• 2021 Robotics Launch: Established Kabam Robotics in Singapore and China, diversifying into autonomous security and facility management solutions.
• 2024 BIGL Acquisition: Strategic acquisition of BIGL, a Singapore public listed company, significantly enhancing production capacity and market reach.

Global Footprint & Manufacturing Excellence

12 Strategic Global Sites

Operational Hubs:

• Singapore (HQ)
• Indonesia PT
• Miskolc, Hungary
• Ayutthaya, Thailand
• Wuxi, China
• Chongqing, China
• Hanoi, Vietnam
• Taipei, Taiwan
• Singapore (Robotic)
• Korea Office

CERTIFIED: IATF 16949:2016 (Automotive) | ISO 9001:2015 (Quality) | ISO 14001:2015 (Environmental)

Financial Highlights

Exponential Revenue Growth and Market Performance

2025 YOY GROWTH: 423.1%

The integration of BIGL has catalyzed a paradigm shift in PATEC's financial trajectory.

• Revenue surged to $296.8M in FY2025.
• Successful diversification into high-margin sectors.
• Strategic M&A driving unprecedented scale.

PATEC Group Revenue & Growth Performance (2020-2025)

PATEC Outperforms Industry Growth Benchmarks

Superior Market Performance PATEC's strategic focus on high-growth sectors and expansion outpaces traditional benchmarks.

PATEC 5-YEAR CAGR (2020-2025): 51.2% *Includes the transformative impact of the BIGL acquisition in 2024.

PATEC Growth vs. Industry Benchmarks (CAGR %)

• Metal Forming: 5.0%
• Precision Eng.: 6.5%
• Service Robotics: 20.0%
• PATEC (20-24): 10.8%
• PATEC (20-25)*: 51.2%

2026 Financial Review (NTD ‘000)

Business Segments

Core Business Segments

• Components Manufacturing: 85%
• Press Machine Manufacturing: 10%
• Autonomous Robotics: 5%

Precision Stamping & Fine Blanking

Stamping Press

• CAPACITY: 100 – 800 Tons
• PROCESS: Progressive & Transfer
  • Motor Brackets & Fastening Arms
  • Gearbox Brackets & Cover Plates
• Products: Precision Stamped Components for Automotive Systems

Fine Blanking

• CAPACITY: 100 – 1200 Tons
• MACHINE TYPE: Hydraulic & Mechanical
  • High-Precision Gear Plates
  • Ratchet, Claw, and Pawl Components
• Products: High-Precision Fine Blanked Parts

Advanced Manufacturing: Cold Forging and Tube Forming

Cold Forging Excellence

• MACHINE CAPACITY: 80 – 630 Tons
• HIGH-PRECISION APPLICATIONS: High-precision forging for engine, starter, and transmission components.
• MATERIAL VERSATILITY: Processing stainless steel, carbon steel, aluminum, and copper wires.

Tube Forming & Welding

• Precision Tube Forming: CNC bending for tubes & wires for vehicle emission.
• Robotic Welding Assembly: Over 20 units of robots for complex MIG/TIG.
• Integrated Solutions: Seamless welding between tubes, stampings, fine blanking, and machined parts.

High-End Applications: Die Casting & Machining

Die Casting Excellence

• CAPABILITY: 125 – 2500 Tons
• High-Pressure Diecasting (HPDC) for complex and precise metal parts.
• Superior surface finish for critical components.

Precision Machining

• Cost-effective milling for high-accuracy production.

Cleanroom Operations

• Class: 100, 10K, and 100K Facilities
• Precision Assembly, Contamination Control, and Real-Time Monitoring for integrated manufacturing.
• Applications: 5G COMMUNICATION, AEROSPACE, AUTOMOTIVE, CONSUMER ELECTRONICS

Advanced Manufacturing: Precision Pressing Solutions

High-Performance Pressing Our state-of-the-art pressing machines are engineered for extreme precision, enabling the production of critical thermal management components for the semiconductor industry. Global industry leaders utilize our technology to manufacture high-conductivity heat plates for AMD and Intel processors, ensuring optimal thermal dissipation and performance.

• APPLICATION FOCUS: CPU Heat Spreader Production
• Clients/Industries: INTEL, AMD, SEMICONDUCTORS

Innovation in Robotics: Kabam Robotics

Smart Mission and Control KABAM specializes in robotics connectivity technologies, providing autonomous solutions for security and facility management in smart buildings and cities.

• INFORMATION SECURITY: ISO/IEC 27001 Certified
• CYBER SECURITY: CSA Cyber Trust Mark
• GLOBAL PRESENCE: Kabam Singapore Headquarters

Building Integration

• Seamless connectivity with lifts, elevators, and automated door systems.

Security Ecosystem

• Real-time integration with CCTV networks and advanced door sensors.

Outlook & Strategy

Revenue Trend and Outlook

Revenue Growth Following the Acquisition and Consolidation of the HDD Business (2025/01-2026/08) Historically, revenue declined significantly at the end of each quarter due to customer inventory adjustments. Since 2026, seasonal fluctuations have become less significant, with only a slight decline in June, supported by strong HDD demand. 過去受季節因素影響,每季底受客戶不留存貨影響,因此營收會明顯下降,2026開始僅6月份略有下降,隨HDD市場需求大增,季節性變動因素已經逐漸不明顯。

Driven by increasing AI demand, demand for Nearline HDDs used in data centers remains strong, and HDD prices are expected to rise. According to our largest customer, end-customer orders for 2027 are already fully booked, while the market expects end-product selling prices to increase by approximately 20-30% quarter over quarter. 因AI需求增加,帶動使用於資料中心(Nearline HDD)產品需求旺盛,近線硬碟價格也將上漲,並且據我們最大客戶表示,2027終端客戶訂單已滿載,且市場預估終端銷售價格將較前一季上漲20-30%左右。

With orders fully booked, our customer is discussing supply-chain solutions with us. As a key arm supplier, we may explore various forms of cooperation, including long-term supply agreements or strategic partnerships. 因應訂單滿載,我們的客戶目前正與我們洽商穩固他們供應鏈的方案,由於我們在夾取臂為其最重要供應商,未來不排除任何合作形式,無論是長線供應合約或任何策略架構模式穩固期供應鏈。

HDD Revenue and Margin Trend and Outlook

BIGL Revenue (Chart shows an upward trend from 2026 month 1 to 12)

Revenue has grown 35% so far in 2026, above the 15-20% growth originally budgeted. In 2027, price increases cannot be ruled out, and with capacity expansion underway, the company expects to maintain steady growth. 2026截至目前營收成長35%較去年編製預算估計15-20%成長為高,2027不排除調整銷售價格,在產能也同時擴張狀況下,有機會維持一定程度成長。

Summary

• Our core businesses include key HDD components, stamping equipment, automotive and motorcycle parts, robotics, and RMF. Except for automotive and motorcycle components, all of these businesses are currently part of the major AI supply chain. 營運主軸為HDD關鍵零組件,沖壓設備,汽機車零組件及機器人與RMF,營業內容中除汽機車零件以外,都在目前市場主要AI供應鏈中。
• In 2026, the impact of acquisition-related financial adjustments and restructuring expenses has largely subsided. While some effects remain, 2027 is expected to mark a return to strong growth and improved net profitability. 2026年已擺脫因應併購財務報表調整與組織結構調整所產生的提列或費用支出,雖仍部分受影響,但展望2027年開始正式回歸高成長與淨利表現狀態。
• With large-scale AI infrastructure deployment underway, we expect strong growth to continue through at least 2029. During this period, we will also explore new high-potential business opportunities for the next stage of growth. AI基礎建設大量佈建,以此趨勢高成長至少維持至2029年,我們也將在這段時間尋求下一個階段高前景的營運方向。
• We are currently engaged in strategic cooperation discussions with major AI-related companies. We will seek the best approach for all shareholders while continuing to enhance the company's long-term growth prospects. 與AI相關大型廠商目前都有策略合作議題在進行,我們尋求對全體股東權益最佳模式,並極力提升營運未來前景。

Additional Data

Products, Services & Technology

• Precision Metal-Forming Technologies:
  • Stamping Press: Progressive & Transfer (Motor Brackets & Fastening Arms, Gearbox Brackets & Cover Plates)
  • Fine Blanking: Hydraulic & Mechanical (High-Precision Gear Plates, Ratchet, Claw, and Pawl Components)
  • Cold Forging: High-precision forging for engine, starter, and transmission components.
  • Tube Forming & Welding: Precision Tube Forming (CNC bending for tubes & wires for vehicle emission), Robotic Welding Assembly (MIG/TIG), Integrated Solutions (seamless welding).
  • Die Casting: High-Pressure Diecasting (HPDC) for complex and precise metal parts.
  • Precision Machining: Cost-effective milling.
  • Precision Pressing Solutions: CPU Heat Spreader Production for semiconductor industry (AMD, Intel processors).
• Industrial Automation:
  • Press Machine Manufacturing
• Medical Device Manufacturing: (Mentioned in company overview, but no specific products/services detailed in the presentation)
• Autonomous Robotics (Kabam Robotics):
  • Smart Mission and Control: Autonomous solutions for security and facility management.
  • Building Integration: Connectivity with lifts, elevators, automated door systems.
  • Security Ecosystem: Real-time integration with CCTV networks and advanced door sensors.
• Cleanroom Operations: Class 100, 10K, and 100K Facilities for Precision Assembly, Contamination Control, and Real-Time Monitoring.

Industry-specific Terminology and Technical Concepts

• Precision metal-forming technologies
• Industrial automation
• Medical device manufacturing
• Precision Stamping
• Fine Blanking
• Progressive & Transfer (stamping process)
• Hydraulic & Mechanical (fine blanking machine type)
• Cold Forging
• Tube Forming & Welding
• CNC bending
• Robotic Welding Assembly (MIG/TIG)
• Die Casting (High-Pressure Diecasting - HPDC)
• Precision Machining
• Cleanroom Operations (Class 100, 10K, 100K)
• Thermal management components
• CPU Heat Spreader
• Semiconductor industry
• Robotics connectivity technologies
• Autonomous solutions
• Security and facility management
• Building Integration
• Security Ecosystem
• CCTV networks
• Nearline HDDs
• AI demand
• AI infrastructure deployment
• RMF (mentioned in summary, likely related to robotics or manufacturing, but not explicitly defined)