Solid State System (3S) Y2017 Fourth Quarter Investor Conference 鑫創科技:3259 Y2017 Fourth Quarter Investor Conference Mar. 15, 2017
Agenda Q4 FY17 Financial Results Q1 FY18 Guidance Q&A
Safe Harbor Statement
Q4 FY17 Income Statement 4Q17 3Q17 4Q16 QoQ(%) YoY(%) Sales 211,841 NT$K 4Q17 3Q17 4Q16 QoQ(%) YoY(%) Sales 211,841 147,346 168,591 44 26 Gross Profit 83,422 45,025 66,215 85 Selling Expenses 16,741 15,677 15,479 G&A Expenses 8,818 9,253 7,546 R&D Expenses 41,665 45,381 44,920 Operating Income 16,198 (25,286) (1,730) 164 104 Non-operating Income& Exp. (1,136) 388 1,781 Income Before Tax 15,062 (24,898) 51 Net Income 16,131 6,297 165 156 EPS(NT$) 0.20 (0.31) 0.07 Weighted Avg. Outstanding Shares 80,860
FY17 Income Statement 2017 2016 YoY(%) Sales 611,896 643,069 -5 NT$K 2017 2016 YoY(%) Sales 611,896 643,069 -5 Gross Profit 202,885 213,784 Selling Expenses 62,085 67,610 G&A Expenses 36,093 33,263 R&D Expenses 180,383 193,313 Operating Income (75,676) (80,402) 6 Non-operating Income& Exp. (3,821) 4,099 Income Before Tax (79,497) (76,303) Net Income (78,428) (70,057) -12 EPS(NT$) (0.97) (0.87) Weighted Avg. Outstanding Shares 80,860
Q4 FY17 Balance Sheet Summary NT$K 4Q17 3Q17 4Q16 Current Assets 401,714 416,563 463,045 Cash and Cash Equivalents 48,790 79,813 69,684 Accounts Receivable 95,803 63,140 72,462 Inventory 132,018 147,012 124,440 Other Financial Assets – Current 115,777 119,883 188,754 Other Current Assets 9,326 6,715 7,705 Non-current Assets 254,650 253,535 262,871 Total Assets 656,364 670,098 725,916 Total Liabilities 67,149 98,040 59,299 Total Stockholders' Equity 666,617
Q2 FY17 Cash Flow Summary 4Q17 3Q17 4Q16 Operating Cash Flow 2,081 NT$K 4Q17 3Q17 4Q16 Operating Cash Flow 2,081 (22,080) (6,550) Investment Cash Flow 64 (3,420) (8,971) Financing Cash Flow (33,168) 33,168 (18,000) Net increase in Cash & Equivalents (31,023) 7,668 (33,521) Cash & Equivalents at the Beginning of the Period 79,813 72,145 103,205 Cash & Equivalents at the End of the Period 48,790 69,684
Q1 FY18 Guidance Based on our current business outlook, the Company expects: Consolidated Q1FY18 revenue will be lower than Q4FY17 Consolidated Q1FY18 gross profit margin will be lower than Q4FY17 Consolidated Q1FY18 operating profit will be lower than Q4FY17
Solid State System:3259 Contact Us (Investors):03-552-6533 www.3system.com.tw Solid State System:3259