Anli International Co., Ltd. · TPEX:5223
Anli International — Q3 2024 Earnings Presentation
49 slides from Anli International's earnings presentation, Dec 20, 2024
Slide 1: Anli-KY Thermal module parts supplier
Anli-KY Thermal module parts supplier Anli-KY 2024/12/20 Investor Conference 5223.TW 散熱模組零件供應商
Slide 2: Disclaimer
Disclaimer This Presentation is provided by Anli International Co., Ltd (Anli-KY). Anli-KY makes no guarantee or warranties as to the accuracy or correctness of all the material contained. After this presentation is released to the public, we undertake no obligation to update any relevant data to re
Slide 3: Anli-KY Crafting to Perfection
Anli-KY Crafting to Perfection On the future pathway towards sustainable development, Anli will uphold the business philosophy of ethics as its core, and through endless learning and innovation, it strengthens the ability in product development, efficiency in production and extends its reach to 3C c
Slide 4: Thermal module parts supplier
Anli-KY Thermal module parts supplier Date of foundation June, 2010 in Cayman Islands Raised capital The paid-in capital amount to NT$445,498 thousand Date of listing in TPEx July, 2018 (Stock code:5223) Core production process Precision metal die-casting components, metal stamping parts, and metal
Slide 5: Thermal module parts supplier
Anli-KY Thermal module parts supplier ANLI Kunshan 2001 Gtek (Chongqing) 2014 Kuanghe Kunsha 2006 Huzhou Anli 2022 Anli-KY (Taipei) 4
Slide 6: Huzhou Anli Site Map 73,000 m²
Huzhou Anli Site Map 73,000 m² • New Factory Location: The new factory is located in Factory Employee the South Taihu High-Tech Industrial Park, Wuxing #3 Dormitory District, Huzhou City, Zhejiang Province. Factory #2 Office • Total Investment: Approximately 80 million USD. Factory Building • Produc
Slide 7: ANLI Kunshan Site Map 22,000㎡
ANLI Kunshan Site Map 22,000㎡ • Establishment Date: January 2000 • Factory Address: No. 99-88, Electromechanical Branch Road, Shipu Industrial and Commercial Management Area, Qiandeng Town, Kunshan City, Jiangsu Province, China • Main Products: : Precision metal forming components, special material
Slide 8: Gtek (Chongqing) Site Map 44,000㎡
Gtek (Chongqing) Site Map 44,000㎡ • Establishment Date: November 2011 • Factory Address: No. 199, Donglin Avenue, Bishan District, Chongqing City, China • Main Products: Precision metal forming components, special material forming, precision die-casting parts, various mechanical parts, and exterior
Slide 9: The upstream of the chain
Anli-KY The upstream of the chain Raw Material Suppliers Materials Spare Parts Upstream Die Casting / Stamping Manufacturing Plants Anli-KY Nidec 、CCI、 AURAS 、 台達 Module / Assembly Plants(Thermal、FAN) SUNON 、 PEGATRON 、 AVC、FCN Midstream System Manufacturers(ODM/OEM) Quanta、DELTA、 Compal Fruit、Dell、
Slide 10: The management team of Anli-KY are all from Taiwan
The management team of Anli-KY are all from Taiwan Anli-KY(5223.TW) • Structure of the group :KY HK CN • Shareholder composition :All original shareholders are Taiwanese • Board of Directors : Member of the board are Taiwanese • Management team : Member of the management team are Taiwanese • Major c
Slide 11: The competitive edge of the product development
Anli-KY The competitive edge of the product development The flow chart of the mold design The analysis Demand of The level of of product die casting mold workshop Verification Structural The analysis design of moldflow 10
Slide 12: The competitive edge of automated manufacturing
Anli-KY The competitive edge of automated manufacturing Information Information System System POME BIS Smart Cloud Immediacy Boss Smart Private Cloud Manage Interface IT & OT Labor and Machine Smart Smart Collaboration Intelligent Promotion Manage AI Manage Creat Value Labor Machine Cooperation Opti
Slide 13: The benefits of Automation
The benefits of Automation THE NUMBER OF EMPLOYEES 1200 1000 929 785 800 744 672 668 609 637 627 575 556 600 400 200 0 2015年 2016年 2017年 2018年 2019年 2020年 2021年 2022年 2023年 2024年 12
Slide 14: The main products for cooling-related
Anli-KY The main products for cooling-related Thermal Module Automotive Optical Radar 5G Base Stations Probe Card Components Precision Automotive Mirrors Servers Components Automobiles Mechanical Automotive Refrigerator Smartphones Processing Components Thermal Systems Monitoring
Slide 15: Customers
Anli-KY The end customers / The direct customers Customers End JINCEN-TM HESAI Nidec DELTA Compal Customers LUXSHARE ZVISION Direct SUNON Auras FCN Quanta CCl DIVERSE 14
Slide 16: Geopolitical analysis
RA BALA ARRA A Anli International Co.,Ltd Geopolitical analysis
Slide 17: Geopolitical Impacts: Semiconductors Designated as National Strategic Industries Worldwide
Geopolitical Impacts: Semiconductors Designated as National Strategic Industries Worldwide Governments Accelerate Regional Semiconductor Supply Chain Development Semiconductor Superpower Strategy Chips and Science Act EU Chips Act Industry and government collaboration to establish a Provide subsidie
Slide 18: U.S. customers require Taiwan supply chain to diversify risks
U.S. customers require Taiwan supply chain to diversify risks S er v er ：S u p p l y c h a i n c a p a c i t y N B： S u p p l y c h a i n s m o v e o u t o f C h i n a i n outside China is growing rapidly stages American cloud service providers such as Amazon, Microsoft, Since notebook are not liste
Slide 19: Geopolitics affects customers' supply chain strategies, and manufacturers must adjust accordingly
Geopolitics affects customers' supply chain strategies, and 地緣政治影響客戶供應鏈策略，廠商須因應調整 manufacturers must adjust accordingly American cloud service Require suppliers to develop non-Chinese production capacity and ensure provider 1 that products are produced in non-Chinese regions focus Focus on seizing U
Slide 20: Supply chain restructuring, from cost reduction to risk reduction
Supply chain restructuring, from cost reduction to risk reduction • After the U.S.-China tech war and Covid-19, major international manufacturers’ thinking on production capacity layout has shifted from cost reduction to risk reduction. • In the process of supply chain reorganization, semiconductors
Slide 21: NB Analysis
RA BRAD ARRA A) Anli International Co.,Ltd NB Analysis
Slide 22: Analysis of Factors Affecting 4Q24 NB Shipments - Supply Side
Analysis of Factors Affecting 4Q24 NB Shipments - Supply Side Impact Factor Impact Item Analysis Impact on Shipments Apple Intelligence launches macOS ↑★ AI Application Generative AI applications Operating 15.1 officially, while Microsoft System Introduction may drive AI NB demand introduces Copilot
Slide 23: Analysis of Factors Affecting 4Q24 NB Shipments - Demand Side
Analysis of Factors Affecting 4Q24 NB Shipments - Demand Side Impact Factor Analysis Impact on Shipments ↓★★ Consumer Consumer sentiment remains weak due to Middle East and Eastern Consumer device demand is expected Market European wars, as well as U.S. election uncertainties. Mature markets to decr
Slide 24: Analysis of Factors Influencing 4Q24 Notebook Shipments - Brand Trends
Analysis of Factors Influencing 4Q24 Notebook Shipments - Brand Trends Brand Analysis Impact on Shipments In the fourth quarter, shipments of mid-to-high-end consumer notebooks are projected to experience a more significant ↓★★ decline. Meanwhile, shipments of commercial notebooks are also expected
Slide 25: The global notebook shipment CAGR from 2024 to 2029 is projected to be 4%
The global notebook shipment CAGR from 2024 to 2029 is projected to be 4% Forecast of Global Notebook Shipments and Growth Rates for the Next 5 Years Unit: Million Units Note: DIGITIMES categorizes foldable devices as tablets; therefore, such products are not included in the notebook shipment statis
Slide 26: In 2025, ASUS, HP, and Apple are expected to demonstrate stronger shipment performance
In 2025, ASUS, HP, and Apple are expected to demonstrate stronger shipment performance Growth Rate Changes and Forecasts for Notebook Shipments of Major Brands from 2023 to 2025 Unit: Million Units Note: Shipment volumes are based on combined estimates of shipments and sales. Source: DIGITIMES, Nove
Slide 27: The CAGR of AI Notebook shipments from 2024 to 2027 is projected to be 61.1%
The CAGR of AI Notebook shipments from 2024 to 2027 is projected to be 61.1% Changes and Forecasts of AI Notebook Shipments Across Platforms from 2022 to 2027 Unit: Thousand Units Arm Architecture Source: DIGITIMES, November 2024. AI notebook shipments are expected to maintain significant growth mom
Slide 28: Server Analysis
RA BRAD ARRA A) Anli International Co.,Ltd Server Analysis
Slide 29: Global AI server shipments are expected to exceed million units in 2025
Global AI server shipments are expected to exceed 2 million units in 2025 Estimated Global AI Server Shipments (Thousand Units) 3,500 CAGR =27% 45% 16,000 CAGR =24% 50% 14,000 45% 2,955 40% 3,000 40% 12,000 2,530 35% 35% 2,500 10,000 2,153 30% 30% 8,000 25% 2025年全球AI伺服器出貨突破200萬台 2,000 25% 1,678 20%
Slide 30: Global AI Server Share Forecast (2022-2027)
Global AI Server Share Forecast (2022-2027) Global AI Server Share Forecast (2022-2027) 100% 90% 80% 70% 60% 80.80% 78.72% 76.09% 86.94% 82.14% 92.14% 50% 40% 2027年AI伺服器出貨占比近1/4 30% 20% 0.35% 0.36% 0.32% 0.34% 10% 0.07% 0.11% 20.94% 23.55% 12.95% 17.54% 18.85% 0% 7.79% 2022 2023 2024(e) 2025(f) 2026
Slide 31: Analysis of China's New Energy Vehicles
Analysis of China's New Energy Vehicles 30
Slide 32: China Increases Efforts in Trade-In Subsidies
China Increases Efforts in Trade-In Subsidies Entering the second half of 2024, the traditional peak season, the government has increased its trade-in subsidies for scrapped vehicles under the third-tier fuel standards. The subsidy for these vehicles has been raised from 10,000 RMB to 20,000 RMB.
Slide 33: 2025 China Automotive Market Outlook
2025 China Automotive Market Outlook It is estimated that the Chinese automotive market will maintain low single-digit growth in 2025, with a Chart 2: Recent Years' Unit: Ten Thousand Units China Automotive Sales focus on the growth potential of new energy vehicles.China is the largest automotive co
Slide 34: Analysis of China's Semiconductor Industry
Analysis of China's Semiconductor Industry 33
Slide 35: Global Semiconductor Production Capacity to Increase by 6% in 2024, Reaching a Record High
Global Semiconductor Production Capacity to Increase by 6% in 2024, Reaching a Record High The recovery of end-user demand, along with the driving force of AI/HPC applications, and government incentive measures in various countries, will accelerate the expansion of global advanced process and wafer
Slide 36: China's advanced processes are restricted, making it unable to be self-sufficient
China's advanced processes are restricted, making it unable to be self-sufficient, and a breakthrough is unlikely in the short term. China is expected to focus on investing in mature processes, specialty processes, and heterogeneous integration. Mature Processes (14/16nm and above: such as 22nm, 28n
Slide 37: Under the U.S.-China confrontation, China's share of the IC market has declined
Under the U.S.-China confrontation, China's share of the IC market has declined, while the U.S. market share has increased. China's semiconductor market self-sufficiency rate remains low (20%), relying on imports from abroad, and the business opportunities should not be overlooked. Mainland China's
Slide 38: China aims to build a complete semiconductor industry supply chain
China aims to build a complete semiconductor industry supply chain, with policies supporting semiconductor independent innovation and the progress of forward-looking projects. China's Five-Year Key Policies IC Manufacturing IC Design Assembly and Testing (or Packaging and Testing) Equipment Material
Slide 39: Policy support, a large domestic demand, and emerging applications advance self-sufficiency
Policy support, a large domestic demand, and emerging applications contribute to the advancement of China's semiconductor industry self-sufficiency. Impact Scope Factors Affecting the Self-sufficiency Development of China's Semiconductor Industry Impact Level U.S. chip and manufacturing equipment ex
Slide 40: Financial Analysis
Anli-KY Financial Analysis 39
Slide 41: Operation Overview – Consolidated Statements of comprehensive income
Anli-KY Operation Overview – Consolidated Statements of comprehensive income Unit:NTD/Thousands Item 2024Q3 2023 2022 2021 OPERATING REVENUE 1,174,547 1,525,203 2,059,560 2,275,541 GROSS PROFIT 214,295 313,154 531,467 625,473 Gross margin(%) 18% 20% 26% 28% PROFIT/(LOSS) FROM (3,506) (6,868) 194,481
Slide 42: Operation Overview - Consolidated Balance sheets
Anli-KY Operation Overview - Consolidated Balance sheets Unit:NTD/Thousands 2024 2023 2022 2021 2020 Sep.30 Dec.31 Dec.31 Dec.31 Dec.31 Total current assets 1,436,459 1,326,863 2,052,413 2,581,059 1,983,009 Total non-current assets 1,944,957 1,792,405 1,523,318 1,181,206 1,184,942 TOTAL ASSETS 3,381
Slide 43: Operation Overview - Simple Balance sheets
Anli-KY Operation Overview -Simple Balance sheets Unit:NTD/Thousands Amount difference Item September 30, 2024 December 31, 2023 Amount % Current assets Cash and cash equivalents 307,801 336,504 (28,703) (8.53) Financial assets 92,591 26,016 66,575 255.90 Accounts receivable 773,261 743,447 29,814 4
Slide 44: Financial Ratio Analysis
Anli-KY Financial Ratio Analysis Analysis Items 2024Q3 2023 2022 2021 2020 2019 2018 2017 Finance Debt to assets ratio(%) 41.11 32.28 42.58 48.12 44.50 37.65 39.96 41.22 Structure Profitability ROE(%) (1.18) (0.18) 9.78 15.28 17.38 10.28 13.05 6.98 Net profit rate(%) (1.97) (0.24) 9.52 10.16 13.66 1
Slide 45: Revenue breakdown
Anli-KY Revenue breakdown Unit:NTD/Thousands Application Categories Q3'24 Q2'24 QoQ Q3'23 YOY Computer Components 368,838 77.63% 295,349 78.53% 73,489 24.88% 302,355 70.14% 66,483 21.99% Servers / Gaming 20,780 4.37% 19,745 5.25% 1,035 5.24% 50,103 11.62% (29,323) (58.53%) Consoles Handheld Devices
Slide 46: Changes in Inventory Allowance for Impairment Losses
Anli-KY Changes in Inventory Allowance for Impairment Losses Unit:NTD/Thousands Inventories Allowance for Allowance for Item Amount % Net Amount Impairment Impairment % (A) (B) (B)/(A) September 30, 2024 Finished Goods 19,508 10.71 3,090 15.84% 16,418 Work in Progress 62,448 34.28 8,830 14.14% 53,61
Slide 47: Real Estate/Plant/Equipment Change Schedule
Anli-KY Real Estate/Plant/Equipment Change Schedule Unit:NTD/Thousands Additions in Category 2024 (F) 2023.12.31 % 2024 Land 42,672 42,672 - Buildings 968,980 249,669 719,311 288% Machinery and 444,452 377,540 66,912 18% Equipment Other Equipment 27,446 27,446 - 0% Construction in 78,808 655,211 (57
Slide 48: Real Estate/Plant/Equipment Depreciation Analysis
Anli-KY Real Estate/Plant/Equipment Depreciation Analysis Unit:NTD/Thousands Additions in Category 2024 (F) 2023.12.31 % 2024 Building Depreciation 68,564 14,223 54,341 382.06% Machinery and Equipment Depreciation 59,798 79,238 (19,440) ( 24.53%) Other Depreciation 14,448 18,504 (4,056) ( 21.92%) To
Slide 49: Q&A
RA BRAD ARRA A) Anli International Co.,Ltd Q&A
Anli International Co., Ltd. (Anli-KY) — Q3 2024 Earnings Presentation on 6ix