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3System Solid State System (3S) Y2015 Forth Quarter Investor Conference Mar. 31, 2016 鑫創科技: 3259
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2 Agenda Welcome 4QFY15 Financial Results 1QFY16 Guidance Q&A
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3 Safe Harbor Statement
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4 Q4 FY15 Income Statement NT$K 4Q153Q15 4Q14 QoQ(%)YoY(%) Sales 116,560103,118 163,416 13(29) Gross Profit 35,86122,472 59,931 60(40) Selling Expenses 14,62014,507 15,881 G&A Expenses 9,8049,948 7,086 R&D Expenses 51,50254,357 42,815 Operating Income (40,065)(56,340) (5,851) 29(585) Non-operating Income& Exp. 1,3014,635 5,406 Income Before Tax (38,764)(51,705) (445) Net Income (33,871)(51,705) (4,800) 34(606) EPS(NT$) (0.42)(0.65) (0.06) Weighted Avg. Outstanding Shares 80,86080,098 70,589
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5 FY15 Income Statement NT$K 20152014YoY(%) Sales 482,374578,441(17) Gross Profit 147,304188,578(22) Selling Expenses 61,12959,478 G&A Expenses 38,03230,121 R&D Expenses 223,132202,141 Operating Income (174,989)(103,162)(70) Non-operating Income& Exp. 6,0349,882 Income Before Tax (168,955)(93,280) Net Income (164,062)(97,635)(68) EPS(NT$) (2.17)(1.38) Weighted Avg. Outstanding Shares 75,70970,589
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6 Balance Sheet Summary NT$K 4Q153Q15 4Q14 Current Assets561,876605,223492,147 Cash and Cash Equivalents184,340220,018162,628 Accounts Receivable50,96444,19464,736 Inventory129,665112,968102,164 Other Financial Assets – Current187,550217,688132,593 Other Current Assets9,35710,35530,026 Non-current Assets271,955259,847201,563 Total Assets 833,831865,070693,710 Total Liabilities 98,22994,12575,249 Total Stockholders' Equity 735,602770,945618,461
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7 Cash Flow Summary NT$K 4Q153Q154Q14 Operating Cash Flow(43,482)17,382(44,390) Investment Cash Flow7,804(120,784)58,442 Financing Cash Flow-192,301(7,414) Net increase in Cash & Equivalents(35,678)88,8996,638 Cash & Equivalents at the Beginning of the Period 220,018131,119155,990 Cash & Equivalents at the End of the Period184,340220,018162,628
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8 1QFY16 Guidance Based on our current business outlook, the Company expects: Consolidated Q1 revenue will be higher than Q4 Consolidated Q1 gross profit margin will be higher than Q4 Consolidated Q1 operating profit will be better than Q4
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9 Contact Us (Investors) : 03-552-6533 www.3system.com.tw Solid State System : 3259
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