welcome welcome

新 日 興 股 份 有 限 公 司 SHIN ZU SHING CO., LTD.

Since 1968

大綱 Introduction

2

公司簡介 Company Profile

競爭優勢與未來研發方向

Competency Advantage and R&D Action Plan

營運策略及成果 Business Strategy and Operation Results

產業概況 Industrial Overview

3

公司概況 Snapshots 創立時間: 1968年6月28日

Established: June 28, 1968

董事長: 呂勝男

Chairman: Sheng-Nan Lu

資本額: 新台幣：壹拾柒億捌仟柒佰貳拾伍萬

Capital: NTD 1,787,253,460

主要業務： 樞紐產品(筆記型電腦、液晶顯示器、CDs資訊 產品等相關連結樞紐)、精密線類、板類彈簧製 品、精密金屬沖壓件

Main Products (including OEM, ODM):

Hinges for NB, Tablet PC\LCD monitor\Mobile phone & PDA\DV & Digital still Camera & Consumer products,…and etc; Precession Wire springs, Forming, Stampings, Engineering Plastic parts,…and etc.

總公司地址：新北市樹林區俊英街174號

蘇州欣日興地址：江蘇省蘇州市甪直鎮經濟開發區鴻運路1號

蘇州智群廠地址：江蘇省蘇州市吴中區甪直鎖重村路6號

四川新鴻興廠地址：重慶市壁山縣壁城街道原觀音村一社3幢

第2、3屬

昆山呈杰廠地址：江蘇省昆山市張浦鎮南港富利路118號

東莞呈越廠地址：廣東省東莞市大朗鎮石夏仙村深龍路

福清泓興地址：福清市融僑經濟技術開發區（耀華工業村）

昆山呈偉廠地址：江蘇省昆山市張浦鎮南港建林路211號

新加坡廠地址：新加坡八文里道

臺灣員工: 2,075 (Taipe,Taiwan)

大陸員工: 910 (Suzhou SZS, China)

95 (Suzhou ZQ, China)

248 (Red Star泓興, China)

195 (新鴻興,China)

Factory: 19,417 m2 (Taipei, Taiwan)

33,256 m2 (Suzhou SZS, China)

4,000 m2 (Suzhou ZQ, China)

25,130 m2 (Red Star, China)

3,000 m2 (新鴻興,China)

總經理: 林清正

C.E.O: Frank Lin

樞軸產業概況 Hinge Industrial Overview

4

全球筆記型電腦市場需求 Global Demand for Notebooks (NB)

全球粉末冶金市場需求 Global Demand for MIM

全球LCD市場需求 Global Demand for LCD(TFT-LCD Monitor)

172,602 172,130

163,649

154,754

149,183 146,050

147,364 148,248

-10.3

0.0

-4.9 -5.4 -3.6 -2.1

0.9 0.6

-20.0

-10.0

0.0

10.0

20.0

30.0

40.0

130,000

135,000

140,000

145,000

150,000

155,000

160,000

165,000

170,000

175,000

2013 2014 2015 2016E 2017F 2018F 2019F 2020F

Thousand Units Growth%

5

全球筆記型電腦市場需求 Global Demand for NB PCs

Source: MIC APRIL 2016

180,577 169,833

162,480 155,815

150,281 146,514 142,733 137,262

5.10

-5.90

-4.30 -4.10 -3.60

-2.50 -2.60

-3.80

-8.00

-6.00

-4.00

-2.00

0.00

2.00

4.00

6.00

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

180,000

200,000

2011 2012 2013 2014E 2015F 2016F 2017F 2018F

Thousand Units Growth%

6

全球監視器市場需求 Global Demand for LCD Monitor

(Only Desktop & AIO)

Source: MIC May 2014

1

UN

IT : T

en T

housand U

nits

Source

AIO PC Global Shipments

7

2016 全球MIM 市場概況 Global MIM market information

2014 MIM全球市場規模：19億美金，預計2018年會成長到28.8億美金，2020年會成長到35.7億美金。

The global MIM market was $1.9 billion in 2014 and will be expected to reach at $2.88 billion by 2018 ,and $3.57 billion by 2020.

全球MIM市場成長率(CAGR)：11.4%-11.5%

This market compound annual rate is expected to 11.4%-11.5% over the next 4 years

美國MIM 市場主要產品：醫療、牙齒矯正、槍枝零件 Main products in the US market: Medical, Orthodontia, Firearm.

歐洲MIM 市場主要產品： 汽車零件和消費性產品

Main products in the EU market: Auto component and Consumer product.

亞洲MIM 市場主要產品：IT 、電子產品和工具零件

Main product in the Asia market: IT, Electronics products and tool components.

其它MIM市場：工具及其它產品 Others :tool component and others.

Source: Reuter & BBC Research

8

2014 MIM 全球市場銷售額及百分比

營運策略及成果 Business Strategy and

Operation Results

10

營運模式 Operation Model

主要營業比重 Revenue Mix

經營成果 Operation Results

11

營運模式 Operation Model

Hinges-NB40.38%

Hinges-LCD

30.78%

Hinges-CD2.39%

Hinges-other8.46%

Springs1.73%

Pressings &

Stampings1.41%

MIM10.53%

Other4.31%

主要營業比重 2016Q1 Revenue Mix

12

粉末冶金

MIM

176,527

沖件製品

Pressings & Stampings

23,589

樞紐組立製品

Hinges & Assemblies

NBs 676,696 LCDs 515,700 CDs 40,130 Other 141,822

彈簧製品

Springs

28,968

其他

Other 72,209

合併總營收

Total Consolidated Sales

1,675,641

(Thousand NT Dollars)

經營成果 Operation Results

13

營收狀況 Consolidated Revenue

全球市場佔有率 Market Share

2011~2016年營收趨勢 Consolidated Revenue

Trend

合併財務比率分析 Consolidated Financial Analysis

各季別營收及毛利率 Consolidated Revenue Q by Q

Q3 EPS

Q3 Operating

Income

Q3 Net

Income

14

營收狀況 Consolidated Revenue

Million NT Dollars

6,673 7,802

8,127 7,768 7,906

8,454

1,676

957540

1,3941,076 1,187

2,033

317743 361 986 874 1,136 1,613 187

4.69

2.28

6.045.00

6.36

9.02

1.05

0

2

4

6

8

10

12

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

2010 2011 2012 2013 2014 2015 2016Q1

Sales Revenue Operating IncomeNet Income EPS

506

599.746625624

638

713

751

705 697720 731 735

707

671

515.251704

590620 610

653

741 746

645630 618

728

686

489

609 611

653679 681 682

701 708 703 703711

612

652 684680

652

618669

749

821 832

774

603

426

646

0

100

200

300

400

500

600

700

800

900

1 2 3 4 5 6 7 8 9 10 11 12

2011 2012

2013 2014

2015 2016

15

2011~2016年合併營收趨勢 Consolidated Revenue Trend

Million NT Dollars

Month

16

各季別營業收入及毛利率 Consolidated Revenue Quarter by Quarter

毛利率

Gro

ss M

arg

in

1H 18.14% 25.08% 21.00% 26.39% 35.60% 30.16%(Q1)

2H 15.25% 32.25% 29.91% 27.95% 34.77%

Year 16.68% 28.87% 25.71% 27.21% 35.16

Million NT Dollars

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

1,860 1,730 1,777 1,784

1,975

1,676

2,019

2,102

1,883 1,943 2,0162,004

2,122 2,132 2,065 2,036

1,920

2,173

1,976 2,114

2,427

0

500

1,000

1,500

2,000

2,500

3,000

2011 2012 2013 2014 2015 2016

51,069

68,322 75,415

75,491 86,157

79,106

64,561 61,075

50,191

52 5250

4544

40

3938

32

0

10

20

30

40

50

60

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

100,000

2007 2008 2009 2010 2011 2012 2013 2014 2015

Thousand Units Market share

17

全球市場佔有率Market Share

(Hinges for NB PCs worldwide)

合併財務比率分析

Consolidated Financial Analysis

34.21

39.29

32.63

25.87 24.1431.31

30.89

20

25

30

35

40

45

50

2010 2011 2012 2013 2014 2015 2016Q1

242.72

302.64

234.86303.19 326.62

220.31 223.86

216.27

280.16

214.30279.63 301.07

204.79206.19

0

100

200

300

400

2010 2011 2012 2013 2014 2015 2016Q1

9.8

4.76

11.449.05

10.9614.31

6.3511.13

4.62

12.07 11.2514.36

19.0811.15

0

10

20

30

2010 2011 2012 2013 2014 2015 2016Q1

18

財務結構(%) Financial structure

獲利能力(%)

Earning capability

償債能力(%)

Debt-paying ability

競爭優勢與未來研發方向 Competency Advantage and R&D Action Plan

19

競 爭 優 勢 Competency Advantage

未來研發方向 R & D Action Plan

競爭優勢 Competency Advantage

20

完整之產品製程組合，滿足客戶需求 Expansion of complete product lines to better serve customers.

累積多年之設計及製程資料庫，研發設計能力已達世界水準 Database accumulated from designing and engineering experiences enable R&D to achieve a world-class standard.

靈活快速之對應能力，與客戶建立長期良好之合作默契 Prompt solutions remain a key factor in the maintenance of long-term business-to-client relationships.

競爭優勢(續) Competency Advantage (cont.)

21

豐富的管理技術與領先同業之製程技術 Abundant technology and management skills provide an

advantage over competition.

具規模經濟之全系列合理化機器設備 Mass production facilities operate at cost-efficient capacity.

堅強之經營管理團隊 A team of loyal and brilliant talents.

經營績效良好，財務健全穩定 Structured operation holds to be a key factor to the continuation

of a solid financial standing.

未來研發方向

R & D Action Plan

22

未來研發方向 R & D Action Plan

各國專利領證件數 Worldwide Patents

23

各國專利領證件數(Unit：Cases) Worldwide Patents (2016/03/31)

專利領證合計 1,146張 Current: 1,146

Taiwan: 315

China: 296 Hong Kong: 2

Germany: 2 U.K.: 2

France: 1

U.S.A.: 120

Singapore: 4

Korea:21

Japan: 45

Philippine: 1

申請認證中專利合計 12件 Processing: 12

-

200

400

600

800

1,000

1,200

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 20152016Q1

297377

521616 668

825967 1018 1083 1114 1145 1146

97

160

196173

200

117

8560

36 19 12 12

24

各國專利領證件數 Worldwide Patents (2016/03/31)

未來研發方向 R & D Action Plan

25

掌握CDs產品市場之脈動，設計具利基之高附加價值產品 Understand market trends in consumer electronics and design products with added-values.

研發高耐受性之樞紐標準件，以利客戶成本合理化 Develop high-endurance standard parts to better serve customers by minimizing their production costs.

發展材料科技領域(如鋁、鎂、鈦等環保材質) Launch new material technologies. (i.e. Al, Mg, Ti and others)

導入高強度、高複雜度之零件生產技術(如金屬射出工法) Introduce technology for high tension and complex parts, such as MIM.

積極進行異業策略聯盟 Proceed with strategic cross-industry alliances, such as precision-plastic molding.

研發輕薄短小、具高鋼性、低成本及多功能之樞紐結構 Develop small, steel-based ,lower cost and multi-purpose hinges.

簡 報 結 束

敬 請 指 教

~The End~ Thank You

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