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King Slide Works Co., Ltd. — Annual Report 2020
Dec 17, 2020
51963_rns_2020-12-17_99b78cd5-b92d-4aa8-b77a-a19a1f234ea9.pdf
Annual Report
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TICKER: 2059
川湖科技股份有限公司
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| 索引 | 頁數 |
|---|---|
| 公司簡介 | 3 |
| 營運廠房 | 4 |
| 目前營運概況 | 5 |
| 2019/2020 IFRS銷售分析 | 6 |
| 產品概況—電子應用 | 7 |
| 產品概況—傳統滑軌，鉸鏈，廚具應用 | 8 |
| 產品概況—全球廚具市場占有率圖解 | 9 |
| 市場進入障礙門檻 | 10 |
| 機構專利佈局 | 11 |
| 核心競爭能力 | 12 |
| 未來的成長動能 | 13 |
| 財務狀況表現 | 14-17 |
| 附件 | 18-29 |
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◼ 創新、人性化的機構式/產品設計開發專家 ◼ 機械機動性產品全方位解決方案提供者 ◼ 亞洲第一伺服器導軌製造商
川湖里程碑
1986 滑軌與鉸鏈
2000 伺服器導軌問市
2001 取得Compaq 訂單
2002 得到IBM, HP, Sun…認證
2003 開發1U -7U 伺服器導軌
2005 於證劵櫃檯買賣中心上櫃,上櫃價NT$106
2006 得到DELL認證
川湖基本資料
| 成立: | 1986 |
|---|---|
| 企業總部: | 台灣高雄 |
| 資本額: | NT$9.529億 |
| 員工人數: | 1300人 |
| 工程師人數: | 350人 |
2007 成立川益科技股份有限公司
2008 於台灣證劵交易所上市
2009 高階功能性導軌
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企業總部: 川湖科技股份有限公司 台灣高雄市路竹區
-
占地面積: 29,980m2
-
產品線:鋼珠滑軌, 烤漆滑軌& 絞鍊
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子公司: 川益科技股份有限公司 台灣高雄科學園區
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占地面積: 192,000m2
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產品線: 伺服器導軌, 機構件全方位解決方案, 高階功能性導軌
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2007 至 2020 十一月銷售分析
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100%
2007
90%
2008
80% 2009
2010
70% 2011
2012
60%
2013
2014
50%
2015
40% 2016
2017
30%
2018
2019
20%
2020 Jan to Nov
10%
0%
導軌 滑軌 絞鏈 其他
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十一月 2020 Sales Breakdown
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鉸鏈 其他
3% 2%
滑軌
1%
導軌
93%
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產品銷售至全球，涵蓋亞洲，北美洲， 中南美洲，紐西蘭，澳大利亞、印度， 土耳其，中東，俄羅斯等
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伺服器 交換式集線器 儲存設備 不斷電系統 KVM
POS ATM 影印機
是伺服器市場成長的動能
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持續研發,創新完整的產品系列
家用電器
廚房櫥櫃/家具
辦公家具/ 工具箱/ 醫療推車
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全球市值三十五億美金
- - -高銷售量期望與遠景
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目前廚具滑軌市占率分析
Hettich
30%
Blum
50%
Grass
與其他
20%
King Slide 目前市佔小於1.5 %
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川湖的 領先研發團隊 與 製造能力 得以突破市場環境並符合客戶需求
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4
2 3 整合的 4
設計能力
洞悉 運用尖端的 密集完整 OBM 產品
客戶 研發能力來 的 完整解決
及 設計未來的 黃金專利 方案
領先的製造
市場需求 產品 佈局
技術能力
川湖居於領先地位，領先其他競爭者2-3 年
得以製造市場進入高門檻
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川湖在加拿大, 美國, 歐洲, 英國, 德國, 日本, 台灣, 中國大陸均有完整的專利佈局
至 2020 年十二月八日止 , 專利申請總數 : 2,505 ; 專利核准總數 : 2,460
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400
366
336 347
350
279
300
257 254
230
250
200
200 178 173 181
163
141
135
128
150 109 118 120
105
96
86
100 58 62 57 56 65 70 55 69 60 73
46 42 45 44 48
35 31 31
50 16
0
專利申請數 專利核准數
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從初步產品設計
完整的黃金
到最終產品均於
生產設備,自動 專利佈局
廠內完成
化組裝機台,可
靠度測試設備
設計
1.
整合的設
計能力
產品
模具
設計
設計
高產品客製化
能力, 快速回應
客戶需求與 持
續的產品創新
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2. 領先的製造 多樣性的連續模具/ 技術能力 滾輪成型設計/製程
多樣性符合環境規範的 表面處理/電鍍能力 高度自動化的組立能力-自動化的 防呆裝置.工作環境符合安全規範
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通路市場 適用於不同產業的 新產品
產品 全方位解決方案 現有市場/ 新市場
現有客戶/ 新客戶
新產品
傳統類 全心讓使用者可以輕鬆上
現有市場
手的廚具和家具系列產品
產品
現有客戶
新產品
增加市占率 全新整合完整開發的
現有市場
產品 伺服器相關應用產品
現有客戶/ 新客戶
新產品
消費性電子類 全新消費性電子類
新市場
產品 應用產品
現有客戶/ 新客戶
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每股盈餘係以95,297,000 股追溯調整
EPS 每股稅後盈餘
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$25.00
$20.18
$20.00 $18.98
$18.64
$16.49 $16.35
$14.65
$15.00
$11.10
$9.42 $9.54
$10.00
$8.25
$6.80 [$7.39 ]
$5.42 [$5.89 $6.64 ]
$5.00
$-
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Year
NT$
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| (單位:NT$1000) | 2019/3/31 | 2019/6/30 | 2019/9/30 | 2019/12/31 | 2020/3/31 | 2020/6/30 | 2020/9/30 |
|---|---|---|---|---|---|---|---|
| 資產總計 | 12,332,346 | 12,625,074 | 13,093,015 | 12,713,817 | 13,137,460 | 13,152,207 | 12,786,321 |
| 流動資產 | 10,023,490 | 10,331,545 | 10,827,584 | 10,435,103 | 10,858,770 | 10,778,558 | 10,247,690 |
| 現金及約當現金 | 8,555,928 | 8,817,199 | 9,237,559 | 8,789,207 | 9,191,776 | 9,071,372 | 8,680,214 |
| 存貨 | 457,208 | 475,795 | 468,688 | 464,684 | 515,890 | 546,969 | 503,013 |
| 應收帳款及票據 | 961,739 | 989,213 | 1,076,052 | 1,127,468 | 1,100,761 | 1,110,024 | 1,016,928 |
| 其他 | 48,615 | 49,338 | 45,285 | 53,744 | 50,343 | 50,193 | 47,535 |
| 非流動資產 | 2,308,856 | 2,293,529 | 2,265,431 | 2,278,714 | 2,278,690 | 2,373,649 | 2,538,631 |
| 不動產、廠房及設備 | 1,358,987 | 1,347,265 | 1,331,329 | 1,368,900 | 1,529,401 | 1,588,430 | 1,721,837 |
| 使用權資產 | 696,807 | 687,906 | 679,005 | 670,105 | 689,887 | 680,601 | 671,314 |
| 其他 | 253,062 | 258,358 | 255,097 | 239,709 | 59,402 | 104,618 | 145,480 |
| 負債總計 | 1,809,863 | 2,656,328 | 2,683,974 | 1,993,280 | 1,960,168 | 2,573,473 | 1,909,614 |
| 流動負債 | 1,044,600 | 1,889,508 | 1,929,782 | 1,258,474 | 1,210,816 | 1,832,994 | 1,177,024 |
| 應付帳款及票據 | 318,387 | 303,706 | 305,039 | 351,025 | 359,343 | 337,721 | 416,086 |
| 一年內到期之應付公司債 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 短期借款 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 其他 | 726,213 | 1,585,802 | 1,624,743 | 907,449 | 851,473 | 1,495,273 | 760,938 |
| 非流動負債 | 765,263 | 766,820 | 754,192 | 734,806 | 749,352 | 740,479 | 732,590 |
| 長期借款 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 應付公司債 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 租賃負債(非流動) | 667,605 | 659,892 | 652,149 | 644,374 | 663,970 | 655,795 | 647,587 |
| 其他 | 97,658 | 106,928 | 102,043 | 90,432 | 85,382 | 84,684 | 85,003 |
| 權益總計 | 10,522,483 | 9,968,746 | 10,409,041 | 10,720,537 | 11,177,292 | 10,578,734 | 10,876,707 |
| 普通股股本 | 952,971 | 952,971 | 952,971 | 952,971 | 952,971 | 952,971 | 952,971 |
| 保留盈餘 | 8,773,740 | 8,220,954 | 8,664,211 | 8,978,545 | 9,436,096 | 8,840,584 | 9,136,977 |
| 其他 | 795,772 | 794,821 | 791,859 | 789,021 | 788,225 | 785,179 | 786,759 |
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| 20 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| (單位:NT$1000) | Q1/19 | Q2/19 | Q3/19 | 1-9/19 | Q4/19 | Q1/20 | Q2/20 | Q3/20 | 1-9/20 |
| 營業收入 | 1,149,456 | 1,103,667 | 1,242,332 | 3,495,455 | 1,373,352 | 1,161,120 | 1,178,430 | 1,197,928 | 3,537,478 |
| 營業成本 | 546,037 | 530,801 | 567,059 | 1,643,897 | 607,953 | 535,689 | 516,396 | 588,291 | 1,640,376 |
| 營業毛利 | 603,419 | 572,866 | 675,273 | 1,851,558 | 765,399 | 625,431 | 662,034 | 609,637 | 1,897,102 |
| 營業費用 | 150,694 | 146,065 | 155,892 | 452,651 | 149,155 | 159,420 | 133,812 | 126,054 | 419,286 |
| 營業淨利 | 452,725 | 426,801 | 519,381 | 1,398,907 | 616,244 | 466,011 | 528,222 | 483,583 | 1,477,816 |
| 淨利息 | 43,256 | 42,919 | 37,872 | 124,047 | 35,329 | 32,484 | 18,785 | 6,920 | 58,189 |
| 利息收入 | 46,143 | 45,775 | 40,697 | 132,615 | 38,124 | 35,367 | 21,636 | 9,738 | 66,741 |
| 利息支出 | 2,887 | 2,856 | 2,825 | 8,568 | 2,795 | 2,883 | 2,851 | 2,818 | 8,552 |
| 淨外幣兌換利益(損失) | 26,696 | 69,578 | -19,031 | 77,243 | -276,221 | 66,830 | -255,361 | -132,317 | -320,848 |
| 淨金融負債/資產評價利益(損失) | - | - | - | - | - | - | - | - | - |
| 其他營業外收入(損失) | 6,593 | 12,176 | 14,427 | 33,196 | 15,908 | 6,613 | 8,805 | 10,249 | 25,667 |
| 稅前淨利 | 529,270 | 551,474 | 552,649 | 1,633,393 | 391,260 | 571,938 | 300,451 | 368,435 | 1,240,824 |
| 所得稅 | 84,668 | 198,938 | 109,392 | 392,998 | 73,405 | 114,387 | 133,586 | 72,042 | 320,015 |
| 本期淨利 | 444,602 | 352,536 | 443,257 | 1,240,395 | 317,855 | 457,551 | 166,865 | 296,393 | 920,809 |
| 每股盈餘(NT$)稅後 | 4.67 | 3.69 | 4.66 | 13.02 | 3.33 | 4.80 | 1.75 | 3.11 | 9.66 |
| 員工酬勞及董監事酬勞 | Q1/19 | Q2/19 | Q3/19 | 1-9/19 | Q4/19 | Q1/20 | Q2/20 | Q3/20 | 1-9/20 |
|---|---|---|---|---|---|---|---|---|---|
| 稅前淨利(單位:NT$1000) | 30,654 | 31,962 | 32,021 | 94,637 | 23,241 | 33,302 | 18,195 | 21,812 | 73,309 |
| 本期淨利(單位:NT$1000) | 25,750 | 20,434 | 25,683 | 71,867 | 18,856 | 26,642 | 10,217 | 17,543 | 54,402 |
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| 項目/ 年份 | Q1/19 | 1H/19 | 1-9/19 | 2019 | Q1/20 | 1H/20 | 1-9/20 |
|---|---|---|---|---|---|---|---|
| 成長率(%YoY) | |||||||
| 營業收入 | -1.6 | 2.2 | 7.4 | 9.8 | 1.0 | 3.8 | 1.2 |
| 營業淨利 | -9.6 | 0.6 | 9.0 | 15.9 | 2.9 | 13.0 | 5.6 |
| 每股盈餘(稅後) | 38.6 | -10.4 | -3.8 | -12.3 | 2.8 | -21.7 | -25.8 |
| 利益率(%) | |||||||
| 營業毛利率 | 52.5 | 52.2 | 53.0 | 53.7 | 53.9 | 55.0 | 53.6 |
| 營業淨利率 | 39.4 | 39.0 | 40.0 | 41.4 | 40.1 | 42.5 | 41.8 |
| 本期淨利率 | 38.7 | 35.4 | 35.5 | 32.0 | 39.4 | 26.7 | 26.0 |
| 資產報酬率 | 15.1 | 13.4 | 13.6 | 13.0 | 14.2 | 9.7 | 9.6 |
| 股東權益報酬率 | 17.3 | 15.9 | 16.1 | 15.0 | 16.7 | 11.7 | 11.4 |
| 穩定/償債能力分析 | |||||||
| 毛負債比率(%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 淨負債比率(%) | Net cash | Net cash | Net cash | Net cash | Net cash | Net cash | Net cash |
| 流動比率(X) | 9.6 | 5.5 | 5.6 | 8.3 | 9.0 | 5.9 | 8.7 |
| 速動比率(X) | 9.1 | 5.2 | 5.4 | 7.9 | 8.5 | 5.6 | 8.2 |
| 每股資料分析(NT$) | |||||||
| 每股盈餘(稅後) | 4.67 | 8.36 | 13.02 | 16.35 | 4.80 | 6.55 | 9.66 |
| 每股淨值 | 110.42 | 104.61 | 109.23 | 112.5 | 117.29 | 111.01 | 114.13 |
| 每股股利 | 8.0 |
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謝謝您!
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T +886-7-959-9688 No. 299, Shun An Rd., Lu Zhu Dist., F +886-7-696-7018 Kaohsiung 82150, Taiwan
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E [email protected] W www.kingslide.com