Machine Industry Co., Ltd - sunon.com · SUNONwealthElectric Machine Industry Co., Ltd.(2421.TW / 2421 TT) Page 1 建準2421 2017 Operation results 2421.TW / 2421 TT SUNONwealthElectric

Page 1SUNONwealth Electric Machine Industry Co., Ltd. (2421.TW / 2421 TT)

建準 2421

2017Operation results

2421.TW / 2421 TT

SUNONwealth ElectricMachine Industry Co., Ltd


This presentation is based on the information obtained from various sourceswhich the Company believes to be reliable. But at some point in the future,there are a variety of factors which could cause actual results to differmaterially from those statements. Therefore, please refer to the informationon MOPS website as the main basis if any adjustment has been made.

(http://mops.twse.com.tw/mops/web/index)

Safe Harbor Notice


Thermal & Thermal

ManagementAll electronic devices and circuitry generate excess heat and thus require thermal management to improve reliability and prevent premature failure. The amount of heat output is equal to the power input, if there are no other energy interactions.There are several techniques for cooling including various styles of heat sinks, thermoelectric coolers, forced air systems and fans, heat pipes, and others.

Heat sinks Heat pipesVapor chamber

Active CoolingPassive Cooling

Cooling FanLiquid cooling

From Wikipedia, the free encyclopedia


TIM

heat transfer

Fan

Photo source: Internet

Thermal Module

Heatmeet

systemOperating

temperature

Thermal Module

heat dissipation

Chip Copper Heat pipes

Heatsinks

Ambient temperature


CoolingFan

(Server)



CoolingFan

(Auto)


Established：1980Employees ： 500 people (Taiwan)

7400 people (China)Turnover ：NTD$ 10.95 Bn (Y2017)Factories ：Kaohsiung Plant (Taiwan)

Kun Shan Plant (China)Foshan Plant (China)Beihai Plant (China)Hefei Plant (China)

3mm 7000mm80mm 200mm 3000mm630 mmFan Motor 0.1W 1500 Watts

37 YEARSInnovative Energy-Saving Motor Design & Technology

Fan 8mm-630mm HVLS Fan and motor ~7000mm

Company Overview


Focus on Micro Cooling DeviceThe only supplier for NB OEM

Growth Pattern

SUNON enters LED lighting industryBecame the only supplier for Philips

Received order from major telecom manufacture

FinancialCrisis

SUNON enters Cloud Data CenterReceived orders from Facebook and Google

Received orders from STB and automotive manufactures

Received orders from Cisco, ZTE, Huawei major telecom

and Cloud Data manufactures

PM2.5 Air Purifier andAutomotive electronics

Million (NTD)


PANTENTS

SUNON Research


• Over 1,000 sales representatives, 12 subsidiaries and offices, and over 130 distributors around the world.

• 7 research centers which provide a worldwide technological service network for quick and efficient services.

Global Support

EuropeResearch Center

Japan/ YokohamaResearch Center

China / KunshanResearch Center

China / FoshanResearch Center

U.S.A.Research Center

TaiwanResearch Center

Taiwan TaipeiResearch Center


World Leading Motor Technology

ShockproofSystem

MagLevSystem

Energy Efficient

92%efficiency

Sound QualityAnalysis

UltraThin

3mmThickness


Total motor, thermal, ventilation solution

Outstanding Technology

STRUCTURAL SIMULATION ANALYSIS

THERMAL ANALYSIS HIGH VOLTAGE DIRECT CURRENT(DC) ELECTRICITY

SOUND QUALITY ANALYSIS

MATERIAL ANALYSIS AND RESEARCH

MAGNETIZATION SIMULATION ANALYSIS

VIBRATION FREQUENCY SPECTRUM ANALYSIS

MOTOR EFFICIENCY ANALYSIS


SUNON Product Line

Ventilation System

Cooling Module

Motor Fan


Fan & Blower

Water proof Fan Explosion-proof Fan

DC Axial Fan DC Blower AC Axial Fan

Mighty Mini Fan

Fan Size8mm- 630mm

Fan Tray

EC Axial Fan EC Blower EC Centrifugal FanDual Blower


Cooling ModulePassive Cooling Module Active Cooling Module Liquid cooling Module


The application of high horsepower motors

Highly Energy efficient motor 0.1W ~ 1500WMotor


Eco ventilation solutionVentilation

Flow2 One

Ventilation Fan

Case Study

HVLS Ceiling Fan


Products Application

2.0% 3.9%9.0%

10.5%15.6% 17.6%

41.4%

1.9%4.2%

10.7% 10.7%

16.0%20.4%

36.1%

0%

10%

20%

30%

40%

50%

LED Lighting Automobile Distribution HomeAppliances

IndustrialMedical E.

Telecom &Server

IT & OE

2016 2017


Revenue Performance

7,708,731 8,256,495

9,533,345 10,109,156

10,690,822 10,946,728

7.1%

15.5%

6.0% 5.8%

2.4%0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

0

2,000,000

4,000,000

6,000,000

8,000,000

10,000,000

12,000,000

Y2012 Y2013 Y2014 Y2015 Y2016 Y2017

Revenue Growth rate

UNIT: NTD (K)


Profit Margin

17.53% 19.69% 21.14% 22.44% 20.32%

20.47%22.86% 23.47% 22.59% 22.43%

21.98% 22.95% 23.33% 21.35% 22.42%

-10%

10%

30%

Q1 Q2 Q3 Q4 Y

Y2015 Y2016 Y2017

Gross Margin

0.83%

3.46%

5.92%6.51%

4.34%

2.67%

6.39%

7.81% 8.24%

6.50%

6.01%7.92% 8.15%

5.39%6.91%

0%2%4%6%8%

10%

Q1 Q2 Q3 Q4 Y

Operating Margin

1.30%

3.07%

6.44% 6.32%

4.44%

2.26%

5.66%6.29% 6.74%

5.51%5.12%

7.36%6.42%

5.05%6.01%

0%2%4%6%8%

10%

Q1 Q2 Q3 Q4 Y

Net Margin


Earning & Cash Dividend

0.83 1.0 1.22 1.0 1.51

1.2 1.77

1.5

2.282.0

2.622.3

0.0

0.5

1.0

1.5

2.0

2.5

3.0

EPS Cash Dividend

Y2012 Y2013 Y2014 Y2015 Y2016 Y2017

UNIT: NTD

Payout R. 120.48% 81.97% 79.47% 84.75% 87.72% 87.79%



Automobile EC motor for HVACR

IoT & Industry 4.0

5G Application

AI/HPC & Cloud Computing

Home ApplicationVR MR AR Gaming Air Purifier

Medium Term Drivers


Appendix I

2014 2015 2016 2017OPERATING REVENUES 8,256 9,533 10,109 10,691 10,947 15.47% 6.04% 5.76% 2.39%GROSS PROFIT 1,780 1,953 2,054 2,398 2,454 9.72% 5.17% 16.75% 2.34%INCOME FROM OPERATIONS 384 418 439 695 756 8.85% 5.02% 58.31% 8.78%INCOME BEFORE INCOME TAX 441 525 584 833 842 19.05% 11.24% 42.64% 1.08%NET INCOME attribute to owners 306 379 442 572 657 23.86% 16.62% 29.41% 14.86%EPS (NT$) 1.22 1.51 1.77 2.28 2.62

Gross Margin 21.56% 20.49% 20.32% 22.43% 22.42%Operating Margin 4.66% 4.38% 4.34% 6.50% 6.91%Net Margin(*) 3.71% 3.98% 4.37% 5.35% 6.01%

(*)Net Margin=Net Income attribute to owners / Revenue

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOMENT$ M 2013 2014 2015 2016 2017

Growth YOY(%)


Appendix II

2014 2015 2016 2017TOTAL ASSETS 6,778 7,324 7,523 8,391 8,813 8.06% 2.72% 11.54% 5.03% Cash 1,183 961 1,269 1,338 1,387 -18.77% 32.05% 5.44% 3.66% A/R, N/R 2,001 2,440 2,439 2,871 2,724 21.94% -0.04% 17.71% -5.12% Inventories 1,154 1,338 1,480 1,377 1,744 15.94% 10.61% -6.96% 26.65% PP&E 1,814 1,810 1,775 2,182 2,294 -0.22% -1.93% 22.93% 5.13%

TOTAL LIABILITIES 3,067 3,364 3,516 4,324 4,639 9.68% 4.52% 22.98% 7.28% Short-term loans 576 497 464 454 636 -13.72% -6.64% -2.16% 40.09% A/P 1,653 1,934 2,084 2,469 2,550 17.00% 7.76% 18.47% 3.28% Long-term loans 0 0 0 320 320

TOTAL EQUITY 3,711 3,960 4,007 4,067 4,174 6.71% 1.19% 1.50% 2.63%

Days sales outstanding 83 85 88 91 93Days sales of inventory 59 60 64 63 67Current Ratio 1.6032 1.635 1.6317 1.5336 1.4898

CONSOLIDATED BALANCE SHEETSNT$ M 2013 2014 2015 2016 2017

Growth YOY(%)


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2421.TW / 2421 TT

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Machine Industry Co., Ltd - sunon.com · SUNONwealthElectric Machine Industry Co., Ltd.(2421.TW / 2421 TT) Page 1 建準2421 2017 Operation results 2421.TW / 2421 TT SUNONwealthElectric