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E L A N M i c r o e l e c t r o n i c s C o r p o r a t i o n
義隆 Smart-InputTM SolutionsDual Transformation through AI
藉由AI實現企業轉型
2021/12/02
統一證券法人座談會
9,488 2,206 3,539 4,70815,100 4,647 4,156 5,036
產品線業績比例 (合併營收)
營業額:新台幣百萬元
•觸控產品: 觸控螢幕晶片, 觸控板, 生物辨識晶片•非觸控產品: 微控制器, 指向裝置, 關係企業產品
4,974
2021年第1季 % 2021年第2季 % 2021年第3季 % 2021年第1~3季 %
營業收入淨額 4,156 100.0 5,036 100.0 4,974 100.0 14,166 100.0
營業毛利 1,993 48.0 2,528 50.2 2,539 51.0 7,060 49.8
銷售費用 153 3.7 165 3.3 145 2.9 463 3.3
管理費用 116 2.8 134 2.7 138 2.8 388 2.7
研發費用 532 12.8 561 11.1 584 11.7 1,677 11.8
營業費用 801 19.3 860 17.1 867 17.4 2,528 17.8
營業淨利 1,192 28.7 1,668 33.1 1,672 33.6 4,532 32.0
業外收入及支出 130 3.1 - - 9 0.2 139 1.0
稅前淨利 1,322 31.8 1,668 33.1 1,681 33.8 4,671 33.0
稅後淨利 1,083 26.1 1,302 25.9 1,338 26.9 3,723 26.3
本期淨利歸屬於
母公司業主 1,100 1,320 1,362 3,782
非控制權益 (17) (18) (24) (59)
* 每股盈餘 (元) 3.77 4.53 4.70 13.00
合併損益表 - 2021年第1季~第3季
單位:新台幣佰萬元
* 期末發行股數: 3.04億股;流通在外股數: 2.85億股 (2021年9月底)、2.914億股 (2021年3月底 & 6月底)* 財務資料來源: 會計師核閱
基於目前對未來營運展望之假設,義隆公司預期:
★合併營收約介於新台幣41億到43億之間
★ 銷貨毛利率約介於百分之50到百分之53之間
★ 營業利益率約介於百分之29.4到百分之33.4之間
2021年第4季業績展望
• 簡報內所含之前瞻性敘述將受各項風險與不確定因子影響而與本公司之表示有所差異。• 除受法令要求外,本公司並無義務於日後情況變動時更新簡報內所為之前瞻性敘述。
單位: 新台幣元
股利發放比例
合計 現金 股票
2020 11.14 9.00 9.00 0.00 80.8
2019 8.57 6.50 6.50 0.00 75.8
2018 5.35 5.00 5.00 0.00 93.5
2017 2.58 2.58 2.58 0.00 100
2016 1.57 1.57 1.57 0.00 100
2015 1.98 2.03 2.03 0.00 102.6
2014 3.61 3.66 3.66 0.00 101.3
2013 3.8 3.53 3.53 0.00 92.9
2012 3.02 3.00 3.00 0.00 99.5
每股盈餘股利
發放比例 (%)年
9.3%
15.1%
22.3%
34.9%
38.5%
0.0%
20.0%
40.0%
-
8,000
16,000
2016 2017 2018 2019 2020
NT$M
ROE TrendSales (LH) ROE (RH)
股東權益報酬率持續攀升
41.3%44.6% 45.6% 46.5% 46.7%
11.5%
18.0%20.0%
21.9%
27.9%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
-
8,000
16,000
2016 2017 2018 2019 2020
NT$ M, Shipment in M unit Profitability TrendSales GM OPM
161 165 164 161 207
Global NB shipments
Note: Financial data are on consolidated basis.
義隆營運績效卓越 超越筆電市場平均成長率
2017 2018 2019 2020 2021FELAN Rev YoY 14% 15% 10% 59% Outgrow marketGlobal NB Shipment YoY 2% -1% -2% 29% >13%
• 2018~2020 Revenue CAGR=32%
• Global NB shipments in 2021 are expected to be 235M units.
Win 8 Upgrade to Win 10 Take 3 Years ; Win 10 To Win 11 is 6 Years
Windows 11因硬體需求將帶動換機潮
Windows 11 is 1st Windows OS with Haptic Software Built-in
Windows 11 Touchpad UI 將提高 Smart-HapticPadTM的搭載率
New Touchpad UI/Features:
- Global on/off toggle switch
- Haptic feedback intensity slider
Adjustable Haptic Feedback Intensity
Touchpad feedbackGet tactile signals when you use your touchpad
Intensity
Film sensor
PCBa
Piezo
Bracket
Cover
Adhesive
Sponge
Adhesive
Sponge
Protect film
Cover
Adhesive
Film sensor
PCBa
Isolation pad
LRA
Adhesive
Bracket
Conductive tape
Stack up
義隆壓感觸控板解決方案
Win 11 在觸控螢幕上導入3指/4指手勢
Window11:導入手機應用程式以提升筆記型電腦更完善的用戶體驗
Gesture Controls
Personalization Frictionless IntuitiveProductivity
Pen Updates
Snap Layout/Docking
Multiple Desktop
Android APP
Build-in Teams
Widget
Dark Mode
微軟 Windows 11 新一代 MPP (帶有壓感的觸控筆)
Windows 11 硬體規格更新
Haptic Pen with different vibration feedback(click, write, edit, sketch)
New Hardware Update:
- AMD/Intel/Qualcomm
MPP Next
USB 4
OLED & Mini OLED
Touch & Voice
LTE5G (EDU)HDR Display
DirectX 12 & Direct Storage
RTC Experiences
Wi-Fi 6e
Windows 11 Level 2 安全要求
Year Windows 11 L2 Security Requirement: Fingerprint Module must Support Match-on-Chip (MOC)
CY2021 L2 required for Commercial Modern Devices and Featured Devices
CY2022
L2 required for Commercial Modern Devices and Featured Devices Plus
- L2 required on all Back-to-school 2022 consumer Featured Devices that meet the supported hardware configuration*
- L2 required on all Holiday 2022 (SV2) consumer and Commercial Devices that meet the supported hardware configuration*
CY2023 L2 required for all consumer and commercial devices
*AMD RyzenTM 5/ Intel Core i5 / Qualcomm Snapdragon 8CX and above, 8GB+ Ram, 664 GB + SSD
Commercial: required on devices launched from 2022/1Consumer: required on devices launched from 2022/4
Surface Pro 8
指紋辨識模組必須支援Match-on-Chip (MOC)
HTC VIVE Focus 3 Hand Gesture
義隆人機介面解決方案導入元宇宙 (Metaverse)
現有產品2022業績的成長動能
1. Fingerprint Reader: • NB帶指紋滲透率提高: 38% ->45%(F)• 義隆市場佔比提升: 24% ->35% (F)• 辨識的Win 11 Security-Bio Level 2提高MOC的搭載率• Keycap高附加價值的方案使平均單價上揚
2. Touchpad: • 商用型筆電市場佔比增長: 35% ->45%(F)• NB Display從16:9演變為16:10, 大尺寸的Touchpad ASP將提高• Win 11 UI提高 Smart-HapticPadTM 搭載率持續帶動平均單價上揚
3. Pointstick: • 新功能發酵帶動平均單價上揚
4. Touchscreen:• Win 11 Android APP提高NB Smart-TouchscreenTM 的搭載率: 28% ->33% (F)• MPP Next & USI 2.0帶筆規格提升使平均單價上揚
* 簡報內所含之前瞻性敘述將受各項風險與不確定因子影響而與本公司之表示有所差異。* 除受法令要求外,本公司並無義務於日後情況變動時更新簡報內所為之前瞻性敘述。
市占率及滲透率持續增長 & 模組功能增加帶動平均單價上揚
義隆的競爭優勢
與全球知名作業系統/平台/規
格制定者策略聯盟
與上下游合作夥伴維持緊密
關係
絕佳的服務與產品解決方案 快速應變能力
核心能力– 感測/ 演算法
/ AI人工智慧
NB
●Touchpad module
●Touchscreen controller IC
●Fingerprint module
●Pointstick module
◆LTDI (In-cell)
◆MiniLED backlight control
Mobile
◆Foldable AMOLED touchscreen IC
◆Fingerprint module
●TDDI
Consumer
●MCU
◆MiniLED backlight control IC
Smart Card/ Security Access
◆Fingerprint solution
● MP◆ Design in or pilot run in 2021~2022
Non-NB revenue contribution is ~10% nowELAN targets non-NB revenue contribution to be 15~20% in 2022
義隆產品布局朝向多種應用領域
Multi-Finger Touchscreen ICMarket Share: WW#1
Multi-Finger Touchpad Market Share: WW#1
Fingerprint Market Share: WW#2
LTDI
Trackpad Lighting-Pad ID-Pad
PointStick Market Share: WW#1
Pointing Stick Generations
NB Market Growth207M in 2020 ->235M in 2021
Consumer & Commercial Percentage65% & 35%
Haptic-Pad
MOH (Encryption)MOC (Secure Bio)
FP Keycap
義隆電子智慧裝置解決方案在筆記型電腦的應用
Fingerprint
• KeyCap solution• Higher security
level (MOC, anti-spoof)
Touchpad
• Haptic pad• Lighting pad• Full-deck pad
Touchscreen
• In-cell LTDI• Pen-supporting
TSC solution
Pointstick
• New features, incl. lighting, etc.
-
10
2017 2018 2019 2020 2021(F)
US$ ASP Contribution per NB
ASP Drivers:
義隆筆電產品產值逐年提高
20%
28%
37% 38%
0%
20%
40%
60%
80%
100%
0
40
80
2018 2019 2020 2021(F)
Unit in Millions
Global Shipment w/FP (incl. Apple) ELAN Shipment Penetration Rate Market Share
Source: TrendForce, TRI, NB Players, ELAN
指紋辨識成長動能資安意識抬頭使筆電搭載指紋辨識率提高
ASP
Smart-IDTM PadTouchpad
筆電指紋樣式
FP IC
Adhesive
Plastic
FPC
Coating
Adhesive
SUS
Soldering
Underfill
Holder
Glass
RFPCUnderfill
Glue
Glue
FP Sensor 515RC
$2.X ~ >$10
0%
50%
100%
0
50
100
150
2015 2016 2017 2018 2019 2020 2021(F)
Unit in Millions
ELAN Shipment Market Share
Source: TrendForce, TRI, NB Players, ELAN
觸控板成長動能商用機款佔有率增長
3:2
3:2
Pen supporting touchpad
Motor
PCB
Adhesive
Glass
Conductive tape
Force sensing
Haptic
Haptic touchpad
Bracket
Light Guide
Glass / Mylar
PCBA
Lighting Pad Solution
• Haptic solutions are adopted by 4 of top 5 NB. • Product shipments are expected to start from 21’E.
高價發亮/壓感觸控板帶動平均單價上揚
Source: TrendForce, TRI, NB Players, ELAN
0%
25%
50%
75%
100%
0
10
20
2015 2016 2017 2018 2019 2020 2021(F)
Unit in Millions
Global Shipment ELAN Shipment Market Share
指向裝置成長動能市場佔有率提高/新功能帶動平均單價上揚
14% 14%17% 17%
21%
28% 28%
0%
25%
50%
75%
100%
0
20
40
2015 2016 2017 2018 2019 2020 2021(F)
Unit in Millions
ELAN Shipment Market Share Penetration Rate
Source: TrendForce, TRI, NB Players, ELAN
KOBO ELIPSA
觸控螢幕成長動能搭載率提高
觸控螢幕成長動能
Stack UpOut-Cell/On-CellIn-Cell
ProtocolMPP1.51/2.0/2.5AES1.0/WGP/USI1.0
DisplayLCD/R.OLED/F.OLED /EPD
Pen across Multiple Device
觸控筆功能帶動價值提升
資料來源: 義隆
-
3.00
-
3,000
2019 2020 2021(F)
US$NT$ M
Touch Revenue & Pricing
Touch revenue Touch w/ pen ASP Touch IC ASP
Add-on touch
GFF OGS Metal mesh: + pen
AMOLED a-Si TFT LCD LTPS TFT LCD
Mid-range High-end
Embedded touch
In-cell LCD
a-Si TFT LCDIn-cell LTPS LCD
On-cell AMOLEDOn-cell: w/o cover glass
Entry or education Mid-range High-end
Note
book P
C
More Windows and fewer Chrome modelsWindows and
ChromeWindows: Active pen preferred More Chromebooks
On-cell: w/ CG
Mostly convertible form
factor
Out-cell On-cell In-cell
ASP
筆電觸控技術升級: 外掛式 → On-cell內嵌式 → In-cell內嵌式複製手機觸控升級趨勢
ELAN TDIC x X
In-Cell
TCON Touchscreen IC
eDP from System USB to System
Display Touch
In-Cell Panel IC Demand – 4~8 pcs
• Touchscreen IC x1
• (Source + Touch IC ) x3~6
• Level Shifter x1
Out-cell Panel IC Demand – 1 pcs
• Touchscreen IC x1
SDIC
Out-Cell
TCON
eDP from System USB to System
DisplayTouch Sensor Overlay
Touchscreen IC(daughter board) Content
value 3~6X more
內嵌式觸控IC需求跳升
義隆的LTDI方案是市場第一個支援微軟 MPP2.5 及 Wacom WGP 雙協定的產品
義隆電子 LTDI領先國內同業通過 Microsoft 認證
Windows HLK certificate (Touch) Windows PHCK certificate (Pen)
義隆電子 LTDI方案領先全球通過 WGP Wacom Level 1 認證
ELAN Microelectronics Corporation
Thank You
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