Zhong Yang Technology Co., Ltd. · TWSE:6668
Zhong Yang Technology — Q3 2021 Earnings Presentation
21 slides from Zhong Yang Technology's earnings presentation, Sep 15, 2021
Slide 1: Zhong Yang Corporation 2021 Q3 Investor Conference
ZHONG YANG CORPORATION 2021 Q3 INVESTOR CONFERENCE 2 0 2 1 / ０９ /１５
Slide 2: 2021 Q3 Financial Results and Business Highlights
Operational status of a company 2021 Q3 FINANCIAL RESULTS AND BUSINESS HIGHLIGHTS Results Product and 1
Slide 3: Company Profile and Overview
COMPANY PROFILE AND OVERVIEW JMO Eterge (6668TW) Indirect holding - 68.45% Paid-in capital NT$ 782,950K NT$ 100,000K 1. Automotive Camera 1. Operation headquarters 2. Projection lens Service Items 2. Optical mold and Product 3. Security camera lens manufacturing and sales 4. Customized optical lens
Slide 4: 2021 Comparison Chart of Monthly Operating Income
2021 COMPARISON CHART OF MONTHLY OPERATING INCOME Unit： NT$ Millions 單位：新台幣百萬元 200 186 180 160 154 160 150 148 140 141 144 135 135 137 137 132 120 125 118 119 111 105 100 93 99 87 80 60 40 20 0 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sept. Oct. Nov. Dec. 2020 2021 3
Slide 5: 2020 & 2021 Income Statement
2020 & 2021 INCOME STATEMENT Unit： NT$ Thousands 2020 2021 Q1 2021 Q2 2021 H1 REV 1,689,699 358,386 317,543 675,929 COST 1,058,063 273,731 236,407 510,138 PRO 631,636 84,655 81,136 165,791 OE 422,960 97,183 91,693 188,876 OI 208,676 (12,528) (10,557) (23,085) NOE (26,500) 382 (16,228) (15,846) BTAX
Slide 6: 2021 Q2 Financial Statements - Quarterly Consolidated Income Statement
2021 Q2FINANCIAL STATEMENTS- QUARTERLY CONSOLIDATED INCOME STATEMENT Unit： NT$ Thousands 2021 Q2 2021 Q1 QoQ 2020 Q2 REV 317,543 358,386 (11%) 462,545 COST 236,407 273,731 (14%) 278,440 PRO 81,136 84,655 (4%) 184,105 OE 91,693 97,183 (6%) 132,809 OI (10,557) (12,528) (16%) 51,296 NOE (16,228) 382 (4
Slide 7: 2021 Q2 Financial Statements - Consolidated Balance Sheet
2021 Q2FINANCIAL STATEMENTS- QUARTERLY CONSOLIDATED BALANCE SHEET Unit： NT$ Thousands 2021/6/30 2021/3/31 QoQ 2020/6/30 Cash and cash equivalents 855,310 617,321 39% 379,827 Notes and accounts receivable, net 589,688 752,469 (22%) 745,928 Inventories 416,696 352,084 18% 254,135 Prepayments and other
Slide 8: 2021 Q2 Financial Statements - Consolidated Statement of Cash Flows
2021 Q2FINANCIAL STATEMENTS- QUARTERLY CONSOLIDATED STATEMENT OF CASH FLOWS Unit： NT$ Thousands 2021Q2 2021Q1 Net cash flows from operating activities 170,268 58,541 Decrease (Increase) in notes and accounts receivable 213,206 (194,810) Decrease (Increase) in inventories (105,914) 57,102 Net cash us
Slide 9: Operating Results
OPERATING RESULTS Unit： NT$ Millions 2,000 40% 45% 39% 1,690 40% 35% 1,500 37% 1,393 1,196 30% 25% 25% 1,000 20% 676 15% 500 10% 5% - 0% 2018 2019 2020 2021 Jan. - Jun. Operating revenue Gross profit 8
Slide 10: 2020 & 2021 Operating Revenue and Gross Profit
2020 & 2021-OPERATING REVENUE AND GROSS PROFIT Unit： NT$ Millions 單位：新台幣百萬元；% 500 38% 37% 37% 40% 35% 35% 463 443 394 400 390 358 30% 318 25% 300 26% 24% 20% 200 15% 10% 100 5% 0 0% NTD 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 0 M Operating revenue Gross profit 9
Slide 11: Percentage of Revenue from Product
PERCENTAGE OF REVENUE FROM PRODUCT 2020 2021 Q1-Q2 Glass molding lens 1% Others Glass molding lens Others 8% 2% 9% Core Core 22% Eterge Eterge 25% Camera Camera 8% 12% Camera 9% Camera 14% Mold lens 21% 12% Mold 24% lens Mold base Mold base 16% 11% 6% 10
Slide 12: Prospects and Operating Policies
2021 Business Layout Planning PROSPECTS AND OPERATING POLICIES Glass moulding Business Overview 11
Slide 13: Business Outlook
BUSINESS OUTLOOK Strategy Glass Mold Lens OEM Others speed production molding • Modular design • Increase the OEM • Increase monthly • Provide Automotive precision • shorten manufacturing Customers production capacity Camera to Tier 1 period • Increase the Yields • Join the Major • consumer electron
Slide 14: Business Outlook: Monthly Production Capacity Target
BUSINESS OUTLOOK Monthly production capacity target Glass Mold Lens OEM Others speed production molding precision • Core： • Lens：10KK/M • Lens： 600K/Month 12000pcs/M 300K~600K/M • Mold：120set/M 13
Slide 15: Outlook: Glass Forming Manufacturing and R&D
BUSINESS OUTLOOK– GLASS FORMING MANUFACTURING AND R&D Sales R&D • Provide lens for • Cost down for the manufacturing. • Oriented the high quality in optical lens Automotive use. • Extremely big or small of outer diameter • Various GM glass of lens • Main customers in EU, • Multi-cavity mold US, Jap.
Slide 16: Business Outlook: Glass Molding Program Project (2021)
BUSINESS OUTLOOK– GLASS MOLDING PROGRAM PROJECT(2021) January to March April to July Customer Forecast Customer Forecast Product Usage Product Usage Orders production Orders production A Projector lens 250K/M 500K/M E Mobile phone 800K/M Security camera 800K/M B 60K/M lens Medical F 30K/M Medical en
Slide 17: Business Outlook: Glass Molding Program Project
BUSINESS OUTLOOK– GLASS MOLDING PROGRAM PROJECT The program project is under way Customer Orders Product Usage Forecast production Security camera lens 30K/M、30K/M A Projector lens 100K/M、200K/M 100K/M、100K/M Ｄ Automotive camera 100K/M、100K/M Ｇ AR/VR 80K/M Ｊ Automotive camera 30K/M、30K/M Ｋ Security
Slide 18: Outlook: Terminal Products Outlook
BUSINESS OUTLOOK – TERMINAL PRODUCTS OUTLOOK Security Automated guided vehicle、 Autonomous Mobile Robot 、 camera 5G/IoT 、 Smart City 、Smart factory lens Automotive autonomous cars、Surveillance、LiDAR、 camera 光纖耦合鏡、G+P AR/VR Extending the mobil phone screen Medical Endoscopy Smart medical treatment、En
Slide 19: Business Outlook: Automotive Camera
BUSINESS OUTLOOK – AUTOMOTIVE CAMERA global automotive camera market 300 250 200 150 100 50 0 2016 2017 2018 2019 2020 2025 Unit：$1B USD From：前瞻研究，中揚光整理 18
Slide 20: Outlook: Sustainable Development Goals
BUSINESS OUTLOOK – SUSTAINABLE DEVELOPMENT GOALS Establish an internal management mechanism to autonomously check greenhouse gas emissions. In addition, it will join the plant in China to autonomously check and expose carbon emission data from 2021, synchronize energy management measures, and expand
Slide 21: Q&A
Q&A 20
Zhong Yang Technology — Q3 2021 Earnings Presentation on 6ix