3System Solid State System (3S) 2014 First Quarter Investor Conference May 15, 2014 鑫創科技: 3259
2 Agenda Welcome 1QFY14 Financial Results 2QFY14 Outlook Q&A
3 Safe Harbor Statement
4 1QFY14 Consolidated Income Statement NT$K 1Q144Q131Q13QoQ(%)YoY(%) Sales170,193191,835117,086(11)45 Gross Profit49,97076,46924,639(35)103 Selling Expenses15,89712,95914, G&A Expenses7,3507,5147,880(2)(7) R&D Expenses48,19648,28248,6870(1) Operating Income(21,473)7,714(46,691)(378)- Non-operating Income& Exp.2,7402,676(2,148) Income Before Tax(18,733)10,390(48,839) Net Income(18,733)14,831(48,839) EPS(NT$)(0.27)0.26(0.78) Weighted Avg. Outstanding Shares70,40063,50262,549
5 Balance Sheet Summary NT$K Current Assets 599,750 Cash and Cash Equivalents 280,846 Accounts Receivable 91,843 Inventory 50,077 Other Financial Assets – Current 166,749 Other Current Assets 10,235 Non-current Assets 194,826 Total Assets 794,576 Total Liabilities 107,399 Total Stockholders' Equity 687,177
6 Cash Flow Summary NT$K 1Q14 Operating Cash Flow9,272 Investment Cash Flow(23,689) Financing Cash Flow4,231 Net increase in Cash & Equivalents(10,186) Cash & Equivalents at Year Beginning291,032 Cash & Equivalents at Year End280,846
7 MEMS Microphone Market Trend Source: Yole development
8 MEMS Microphone Market Trend Source: Yole development Applications: Cellphone/Smartphone Laptop/Notebook Earphone Headset Wearable/IoT Smart TV Medical (Hearing Aid) Automotive Consumer Electronics
9 2QFY14 Guidance Based on our current business outlook, the Company expects: Consolidated Q2 revenue could be lower than Q1 Consolidated Q2 gross profit margin will be similar to Q1 Consolidated operating profit margin still to be minus
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