朋億股份有限公司 · according to the latest report from ledinside, a division of the market...
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朋億股份有限公司NOVA TECHNOLOGY CORP.
The Expert of manufacturing
for facility equipmentCommit to the sustainable
development of Earth
Stock Code:6613
Summary Outline
Company Introduction
Operations Overview
Future Prospects
Competitive Advantage
Development Perspectives
2
Disclaimer
This newsletter is the main and objective factor of the company at the
time of the briefing. It summarizes and evaluates the past, present and
future operations. It contains forward-looking statements which will be
affected by risks, uncertainties and inferences. Some will exceed ours.
Outside the control, the actual conclusion may be very different from
these forward-looking statements.
The information provided (including views on the future) does not express
or guarantee the accuracy, completeness and reliability of the information,
express or implied; nor does it represent the complete description of the
Company, the industry conditions and subsequent major developments.
We do not guarantee the correctness of the data and is not responsible for
updating or amending the contents of this newsletter.
3
Chin-Li LiangChairman
Charly HsuGeneral Manager
June, 1997Establishment Date
Dec, 2017TPEx-listed Date
NTD$399,280,000 (Paid-in capital till end of Dec.2018)Capital Amount
10F-1, No.76, Sec. 2, Jiafeng S. Rd., Zhubei City, Hsinchu CountyAddress
1.High-tech plants factory equipment R&D and manufacturing
2.Water, gas, and chemical supply system integration services.
3.Waste reduction and recycling, energy conservation and
environmental protection system.
4.Water resources development and recycling integration service.
Product
160 in headquarters / total 441 in the GroupNo. of employee
Company Introduction-Basic Information
4
Shanghai WinmaxTechnology Corp.
Founded in 2004 Capital: US$4,890 K
Winmega Technology Corp.
Founded in 2014 Capital: NTD$30,000 K
Suzhou WinmaxTechnology Corp.
Founded in 2016 Capital: US$1,000 K
Novatech E&C (S.G. )Founded in 2016 Capital: SGD$1,000 K
Nova Technology Corp. 29%
Revenue % in 2018
58%
1%
10%
2%
Company Introduction-Business Scale
5
High purity chemical supply and dispensing
system
Waste stripper and waste solventsrecycle system
Special gas supply system
Green energy& Environmental
protection systemIntegrated
WetProcess
equipment
Five Core Products
A+B+C D+E
BusinessScope
High-Tech Process EquipmentHigh-Tech Process
EngineeringEnvironmental Protection
High-tech industrial water, gas andchemical process supply system equipment manufacturing, trading, construction installation and testing.
High-tech industrial water, gas and chemical process supply system design.
Wastewater, waste gas and waste chemical recycling and reuse of equipment in high-tech industries.
Revenue %
in 201860% 34% 5%
Revenue %
in 201744% 37% 17%
Company Introduction-Main Products
6
Company Introduction-Sales Analysis
2018 Revenue by Area
Taiwan China Others
756,681 3,755,299 354,723
Total : 4,866,703 (Unit: NT$ thousand)
2017 Revenue by Area
Taiwan China Others
982,585 2,237,338 122,619
Total : 3,342,542 (Unit: NT$ thousand)
16
%
29
%
77
%
7
%
67
%
4
%
7
YOY
68%
Unit NT$ thousand
%2016 2017 2018
Revenue 1,240,615 1,749,384 3,125,591
Percentage of
Revenue
64%
47%
YOY
41%
Company Introduction-Main Customers
8
52% YOY
79%
Unit NT$ thousand
%2016 2017 2018
Revenue 1,286,801 1,359,390 1,480,762
Percentage of
Revenue
30%
48%
YOY
6%
Company Introduction-Main Customers
9
41%
YOY
9%
10
Operations Overview-
Group Revenue VS EPS after Tax
446,567
673,987
1,144,529
386,289
890,045
561,436 751,200
1,139,861
1,285,258
1,599,295
1,061,959
920,191
0.88
3.42
4.09
1.44
4.42
2.91 2.77
2.52
7.08
3.91
2.99
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
1,800,000
2016/Q1 2016/Q2 2016/Q3 2016/Q4 2017/Q1 2017/Q2 2017/Q3 2017/Q4 2018/Q1 2018/Q2 2018/Q3 2018/Q4
Revenue (Unit NT$ thousand) EPS after Tax (Unit NT$)
4.97
Unit NT$ 2015 2016 2017 2018
EPS after Tax 6.62 9.83 15.07 16.5
Cash Dividend 3.5 6 1015(Waiting for
Shareholders to
Pass)
Stock Dividend 0.5 0 -
Operations Overview-Dividend Policy
11
0
2
4
6
8
10
12
14
16
18
2015 2016 2017 2018
EPS
Stock Dividend
Cash Dividend
EPS VS Cash Dividend VS Stock Dividend
Cash dividend rate is more than 50% for three consecutive years
Operations Overview-
Revenue from China Area
12
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
2014 2015 2016 2017 2018
revenue from China (Unit NT$ thousand)
Competitive Advantage
13
Hi-tech Enterprise certificate
Competitive Advantage
Patent & Copyright
The National Brand Yushan Award
Future Prospect-China's Positive Expansion
of Wafer Fabrication
16
GCL
Xuzhou
2019
SiEn
Qingdao
12mm
2019
Silergy
Qingdao
12mm
2019
SMIC
Sourth
12mm
2019
Hua Hong
Wuxi
12mm
2019/H1
HSMC
Wuhan
12mm
2019
Tacoma
(2nd Period)
Huai'an
8,12mm
2019/Q4
UNIS
Nanjing
12mm
2020
Innotron
Hefei
12mm
2019
CR
MICRO
Chongqing
12mm
Samsung
(2nd Period)
Xi'an
12mm
2019
UNIS
Chengdu
12mm
2020
SMIC
Shaoxing
8mm
2020
參考資料:國泰證券研究報告-2018年半導體設備產業展望、市場資訊、ASML、聖暉整理
YMTC
(2nd Period)
Wuhan
12mm
2019
Company
Location
Wafer Size
Expected Trial Production
Schedule
DUET
Beijing
6mm
United Semi
(2nd Period)
Xiamen
12mm
2020
SMIC
Beijing
12 mm
2019
GTA
Shanghai
8mm
2019
AOSMD
Chongqing
12mm
Silan
Xiamen
12mm
2019
Zhongjing
Jiaxing
12mm
2019
HFC
Tientsin
8,12mm
2019
Source : http://www1.semi.org/en/semiconductor-equipment-sales-forecast-62-billion-2018-new-record-market-reset-2019-new-high-2020
Future Prospects-
Semiconductor Equipment Sales Forecast
17
SEMI, the global industry association representing the electronicsmanufacturing supply chain, reported that worldwide sales of newsemiconductor manufacturing equipment are projected to increase9.7 percent to $62.1 billion in 2018, exceeding the historic high of$56.6 billion set last year. The equipment market is expected tocontract 14.0 percent in 2019 but grow 27 percent to reach $670billion, an all-time high.
Source : SEMI Year-End Total Equipment Forecast
Future Prospect- Semiconductor Equipment Sales
Forecast
18
2019-2020 Semiconductor Equipment Sales Forecast
Future Prospect-
Unwavering in its drive to build a strong, self-sufficient semiconductor supply
chain, China plans more new fab projects than any other region in the world from
2017 to 2020, and its expansion of fab capacity recently picked up pace on the
strength of new foundry and memory projects from both domestic and foreign
o pa ies, a ordi g to SEMI’s 8 China semiconductor Silicon Wafer
Outlook report. Chi a’s i stalled fa apa it is fore ast to gro at a per e t CAGR from 2.3 million wafers per month (wpm) in 2015 to 4 million wpm in 2020,
faster than all other regions.
19Source: https://www.design-reuse.com/news/45377/china-semiconductor-silicon-wafer-outlook.html
Future Prospect-Chinese panel makers
continue to release new capacity
The global production capacity of small- and medium-sized AMOLED panels continues
to expand, and will reach 13.6 million m2 by 2018, an increase of 51.1% compared with
the previous year, says WitsView, a division of TrendForce. As Chinese panel makers
continue to release new capacity, the global capacity of small- and medium-sized
AMOLED panels may double to 27.3 million m2 in 2021.
Chi ese pa el akers’ i est e t i e AMOLED pa el apa it is o the rise, due to the high demand for AMOLED panels from branded Chinese manufacturers coupled
ith the go er e t's supporti g poli . For e a ple, BOE’s first Ge 6 fa of fle i le AMOLED panel has entered mass production in Chengdu at the end of 2017. Tianma
and Visionox also expect the mass production of flexible AMOLED panel in their Gen 6
fabs in 2018. In the next few years, both Everdisplay Optronics (EDO) and China Star
Optoelectronics Technology (CSOT) have also put forward plans for AMOLED panel
production. It is estimated that the production capacity of small- and medium-sized
AMOLED panels in China will contribute to 37% of the global capacity in 2021, up from
16% in 2018. Meanwhile, the proportion of capacity in South Korea will be 53% in
2021, down from 81% in 2018.
20https://press.trendforce.com/press/20180621-3119.html
Future Prospect-Global Market Shares Of
Smartphone Display Rechnologies
21
https://www.witsview.com/2019/02/23/trendforce-says-rising-demand-will-help-the-ltps-market-reach-a-healthy-equilibrium-in-2019
Future Prospect- Chinese LED Forecast
22
659
768
2017 2018 2019 2020 2021
According to the latest report from LEDinside, a division of the market research firmTrendForce, 2018 Chinese LED Chip and Package Industry Market Report, ChineseLED package market scale is RMB 65.9 billion in 2017 and it is expected to reach RMB76.8 billion in 2021, according to LEDinside. Major growth momentum include lighting,digital display, automotive lighting and architectural / landscape lighting.
資料來源 LEDinside 20180620https://www.ledinside.com/intelligence/2018/6/ledinside_chinese_led_package_market_scale_will_reach_rmb_76_8_billion_in_2021
Unit millon/RMB
23
Water Resources
Development
Resource
Technology for
Waste Material
Industry-University
Cooperative
Combining the advantages of foreign technology and engineering experience, developing desalination and recycling water markets.
Inheriting the experience of the science park and jointly developing new technologies and methods with domestic schools.
Recover and reuse valuable substances in waste water.
Development Perspectives-Environmental & Green Energy System Integration Expert
The Expert of manufacturing
for facility equipmentCommit to the sustainable
development of Earth
Stock Code:6613