1. 新揚科技(ThinFlex) professional manufacturer of polyimide based
Flexible Copper Clad Laminates

2. 三、Future development plan
Outline
一、Company profile
二、2017.1Q~Q3 Results
三、Future development plan

3. Company profile ThinFlex TopFlex Founded : 2000.06.02 IPO : 2004.12.24
Chairman ： Canon Huang
CEO ： Jay Wu
Capital ： NT$ 1,000 Million
Major Products ：
1. 2Layer S/S & D/S FCCL
2. Coverlay、Bonding sheet
ThinFlex
TopFlex
ISO/TS 16949:2009 certified

4. Calendar year profit and dividend
單位：新台幣元 年份
2012年
2013年
2014年
2015年
2016年
EPS
2.18
2.17
2.31
1.24
1.10
Stock Dividends
0.85 -
Cash Dividends
0.15
1.50
0.80
0.70
Total Dividends
1.00
Payout Ratio
46%
69%
65%
64%

5. 新揚科技 (2017.1Q~Q3 Results) professional manufacturer of polyimide based
Flexible Copper Clad Laminates
(2017.1Q~Q3 Results)
2017 Q2
We Thin Your Flex

6. Business Summary
單位：新台幣百萬元

7. EPS & ROE
單位：新台幣元，%

8. 3Q 2017 Income statement (consolidated)
變動率
Unit：NTD Thousand 金額 %
Revenues
1,897,293
100
1,613,976
17.55
Cost of goods Sold
1,534,770 81
1,342,114 83
14.35
Gross Profit
362,523 19
271,862 17
33.35
Operating Expenses
175,924 9
151,172
16.37
Operating Income
186,599 10
120,690 7
54.61
Non-Operating Income and Expenses
(25,164)
(1)
(50,369)
(3)
(50.04)
Income before Income Tax
161,435
70,321 4
129.57
Income Tax Expenses
27,730 1
14,205 -
95.21
Net Income
133,705
56,116 3
138.27
Shareholders of the parent
Minority interests
EPS (NT$)
1.33
0.56

9. 2013~3Q 2017 Balance sheet (consolidated )
Unit：NTD Thousand
Cash & Short-Term Investment
340,224
494,480
318,528
357,735
426,351
Account Receivable
904,518
1,223,402
928,216
1,317,147
1,422,103
Current Assets
1,730,732
2,405,871
1,693,341
2,007,563
2,256,686
Current Liabilities
1,086,960
1,649,290
913,507
1,224,702
1,324,715
Ling-Term Liabilities
197,425
139,771
192,500
108,628
170,484
Shareholders' Equity
1,323,532
1,416,922
1,344,679
1,338,045
1,393,991
Total assets
2,640,176
3,232,220
2,470,974
2,671,375
2,889,190
Book Value Per Share (NT$)
12.70
13.67
13.36
13.30
13.85
Current Ratio
159.23%
145.87%
185.37%
163.92%
170.35%
Debt Ratio
49.87%
56.16%
45.58%
49.91%
51.75%

10. (Future development plan)
新揚科技
professional manufacturer of polyimide based
Flexible Copper Clad Laminates
(Future development plan)
We Thin Your Flex

11. Capacity
Unit : SM / month
We Thin Your Flex

12. Product mix (by revenue)
We Thin Your Flex

13. Product mix (by design)
We Thin Your Flex

14. Product mix (by application)
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15. market trend II 2017 2018 rear camera 4-6L R-F LK front camera 4L R-F
OLED display
5L R-F
OLED touch
4L FPC ★★
battery
LCD display/ touch
2-3L FPC
LED /microphone
2L FPC
FPC
proximity (ID) sensor
wireless & others
1-2L FPC
5G LTE antenna
4L LCP
total # R-F
>5
>4

16. ThinFlex solution for hi speed fpc
4L hi speed FPC design
Current design
ThinFlex design
EMI ○
VEM
Coverlay PI X
V, VB, VLK AD
FRCC-LK Cu
Special Cu
LK-1.0， LK-2.0 BS
VLK DS
W, W+, LK-1.0, LK-2.0
Note：
○：available in the market；X：not available
ThinFlex design：(RED) available；(BLACK) in progress

17. Thank you
We Thin Your Flex