2023 Operation Briefing of
Nan Ya PCB Corp.
March 6th 2024
Disclaimer
The description of historical events might include the information that was not reviewed by accountants. Thus, it might be insufficient to fully exhibit the financial status or operation results of Nan Ya PCB Corp.
The actual operation results, financial status, and sales outlook in the future might be different from what will be indicated or implied in this meeting. The reasons may be including but not limited to the market demand, price fluctuation, competition dynamic, global economy, supply-chain, foreign exchange rate, and other risks that the Company cannot control.
Except as required by law, we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.
Agenda
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Company Profile
Financial Status
Future Product Development
Operational Strategies in 2024
Company Profile
Business Overview
- Subsidiary Company of Nan Ya Plastics Corp.
- Manufacture and Sell IC Substrates and PCBs
- 2023 Consolidated Revenues: NTD 42.2 Billion
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Market Value: NTD 165.5 Billion(December 29th 2023)
Production Locations:Taiwan and China
1
Company Profile
Milestone
PCB Business | Reinvested in | MassProduction | Started to Produce ABF | |||||||
Started at Nan Ya | Nan Ya PCB | ofFlip-chip | Listed on Taiwan | Started to Produce | Substrate at Kun-shan | |||||
Plastics | Kun-shan Company | Substrate | Stock Exchange | SiP Substrate | Campus | |||||
1985 | ||||||||||
1985 | 1999 | 2001 | 2006 | 2016 | 2021 | |||||
1997 | 2000 | 2002 | 2013 | 2019 | 2022 | |||||
Nan Ya PCB | Mass Production of NanYaPCBAmerica Mass Production of | Established ABF | Established ABF | |||||||
was | ||||||||||
Wire-bonding | was Developed | Embedded | Substrate Production Line Substrate Production Line | |||||||
Established | ||||||||||
Substrate | Substrate | at Kun-shan Campus | at Shulin Campus | |||||||
- 1985 : PCB business unit was formed at Nan Ya Plastics Corp. and started manufacturing PCBs
- 1997 : Approved by the Board of Nan Ya Plastics, Nan Ya PCB Corp. was established via reinvestment
- 1999 : Reinvested Nan Ya PCB Kun-shan Company with capital of USD29.8 million
- 2000 : Started manufacturing wire-bonding substrates
- 2001 : Upgraded technologies and produced flip-chip substrates
- 2002 : Established Nan Ya PCB America Corp.
- 2006 : Listed on Taiwan Stock Exchange with ticker 8046 TT
- 2013 : Upgraded technologies and produced Embedded substrates
- 2016 : Started to produce System in Package (SiP) substrates
- 2019 : In response to market demand, Nan Ya PCB Corp. started to build ABF substrate production line at Kun-shan Campus
- 2021 : Kun-shan Campus started to manufacture ABF substrates
- 2022 : Shulin Campus started to manufacture ABF substrates
2
Financial Status
Consolidated Revenues(IFRS) in Last 3 Years
NTD Million
+23.8%
-34.6%
- Revenues in 2022 were 23.8% greater than those in 2021:
Because of better sales in high-end PC and telecom products, the high value product sales ratio increased and lifted the 2022 revenue growth from 2021.
- Revenues in 2023 were 34.6% lower than those in 2022:
Impacted by the inventory correction in CE products, 2023 revenues showed YoY decline.
3
Financial Status
Quarterly Consolidated Revenues(IFRS) in a Year
NTD Million
-19.5%+0.9%-9.0%
- Revenues in 23Q2 were 19.5% lower than those in 23Q1:
In the 23Q2, due to an extended adjustment of consumer electronics product inventory, revenue decreased further from 23Q1.
- Revenues in 23Q3 were 0.9% greater than those in 23Q2:
Because of the launch of new generation products, 23Q3 sales was growing from 23Q2.
- Revenues in 23Q4 were 9.0% lower than those in 23Q3:
23Q4 revenues were affected by the slow season of CE product restocking and declining from 23Q3.
4
Financial Status
Operation Profits(Losses) in Last 3 Years
NTD Million | % |
36.5%
24.6% | +10,704 .3Mn |
15.0%
-17,244.9Mn
- Operation profits in 2022 were increasing NTD 10,704.3 Mn from 2021:
The profits growth was helped by increasing high value product sales volumes via the debottleneck of high-end IC substrate capacities.
- Operation profits in 2023 were decreasing NTD 17,244.9 Mn from 2022:
Impacted by the inventory correction in CE products, the sales volumes declined and so did the profits
5
Financial Status
Quarterly Operation Profits in a Year
NTD Million | % |
25.2%
14.3% | ||
10.1% | ||
-1,721 .1Mn | -413.4Mn | 7.4% |
-340.7Mn | ||
- Operation profits in 23Q2 were decreasing NTD 1,721.1 Mn from 23Q1:
PC products continue to undergo inventory adjustments, and 23Q2 profits decreased from 23Q1.
- Operation profits in 23Q3 were decreasing NTD 413.4 Mn from 23Q2: 23Q3 profits was affected by greater depreciation from the new Shulin plant.
- Operation profits in 23Q4 were decreasing NTD 340.7 Mn from 23Q3:
Due to the impact of the slow season for electronic product sales, 23Q4 profits decreased from 23Q3.
6
Financial Status
Revenue Structure(By Applications)
- The destocking of PC and CE has impacted sales, leading to a decrease in the revenue contribution in 2023.
- A steady demand from telecom customers, resulting in an increase in the relevant revenue share for the company in 2023.
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Disclaimer
NYPCB – Nan Ya Printed Circuit Board Corporation published this content on 06 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 March 2024 08:26:05 UTC.