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3S3Systemystem
Solid State System (3S)
2014 Forth Quarter Investor Conference
Mar. 26, 2015
鑫創科技: 3259
2
Agenda
Welcome 4QFY14 Financial Results 1QFY15 Outlook Q&A
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Safe Harbor Statement
Except for historical information contained herein, the matters set forth in
this presentation are forward looking statements that are subject to risks
and uncertainties that could cause actual results to differ materially,
including the impact of competitive products and pricing, timely design
acceptance by our customers, timely introduction of new technologies,
ability to ramp new products into volume, industry wide shifts in supply
and demand for semiconductor products, industry overcapacity, availability
of manufacturing capacity, financial stability in end markets, and other
risks.
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Q4 FY14 Consolidated Income StatementNT$K
4Q14 3Q14 4Q13 QoQ(%) YoY(%)
Net Revenue 163,416 111,250 191,835 47 (15)
Gross Profit 59,931 37,914 76,469 58 (22)
Selling Expenses 15,881 13,547 12,959 17 23
G&A Expenses 7,086 8,124 7,514 (13) (6)
R&D Expenses 42,815 55,351 48,282 (23) (11)
Operating Income (5,851) (39,108) 7,714 (85) (176)
Net Non-operating Income 5,406 698 2,676
Income Before Tax (445) (38,410) 10,390
Consolidated Net Income (4,800) (38,410) 14,831
EPS(NT$) (0.06) (0.54) 0.26
Weighted Avg. Outstanding Shares 70,589 70,672 63,502
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FY14 Consolidated Income Statement
NT$K
2014 2013 YoY(%)
Net Revenue 578,441 575,524 1
Gross Profit 188,578 178,463 6
Selling Expenses 59,478 50,950 17
G&A Expenses 30,121 30,182 0
R&D Expenses 202,141 190,559 6
Operating Income (103,162) (93,228) (11)
Net Non-operating Income 9,882 2,891 Income Before Tax (93,280) (90,337)
Consolidated Net Income (97,635) (85,896)
EPS(NT$) (1.38) (1.35)
Weighted Avg. Outstanding Shares 70,589 63,502
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Balance Sheet SummaryNT$K
4Q14 3Q14 4Q13
Current Assets 492,147 497,380 623,620
Cash and Cash Equivalents 162,628 155,990 291,032
Accounts Receivable 64,736 57,580 94,271
Inventories 102,164 91,441 62,411
Other Financial Assets – Current 132,593 163,943 166,290
Other Current Assets 30,026 28,426 9,616
Non-current Assets 201,563 202,521 177,498
Total AssetsTotal Assets 693,710 693,710 699,901 699,901 801,118801,118
Total LiabilitiesTotal Liabilities 75,249 75,249 78,890 78,890 99,43999,439
Total Stockholders' EquityTotal Stockholders' Equity 618,461 618,461 621,011 621,011 701,679701,679
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Cash Flow Summary
NT$K
4Q14 3Q14 4Q13
Operating Cash Flow (44,390) (59,869) 18,997
Investment Cash Flow 58,442 (48,706) 10,105
Financing Cash Flow (7,414) 14,089 148,804
Net increase in Cash & Equivalents 6,638 (94,486) 177,906
Cash & Equivalents at Quarter End 162,628 155,990 291,032
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1QFY15 Guidance
Based on our current business outlook, the Company expects:
Consolidated Q1 revenue will be lower than Q4
Consolidated Q1 gross profit margin will be lower than Q4
Consolidated Q1 operating result will be lower than Q4
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投資人專線: 03-552-6533
www.3system.com.tw
鑫創科技: 3259