1. Solid State System (3S) Y2017 Fourth Quarter Investor Conference
鑫創科技：3259
Y2017 Fourth Quarter
Investor Conference
Mar. 15, 2017

2. Agenda
Q4 FY17 Financial Results
Q1 FY18 Guidance
Q&A

3. Safe Harbor Statement

4. Q4 FY17 Income Statement 4Q17 3Q17 4Q16 QoQ(%) YoY(%) Sales 211,841
NT$K
4Q17
3Q17
4Q16
QoQ(%)
YoY(%)
Sales
211,841
147,346
168,591 44 26
Gross Profit
83,422
45,025
66,215 85
Selling Expenses
16,741
15,677
15,479
G&A Expenses
8,818
9,253
7,546
R&D Expenses
41,665
45,381
44,920
Operating Income
16,198
(25,286)
(1,730)
164
104
Non-operating Income& Exp.
(1,136)
388
1,781
Income Before Tax
15,062
(24,898) 51
Net Income
16,131
6,297
165
156
EPS(NT$)
0.20
(0.31)
0.07
Weighted Avg. Outstanding Shares
80,860

5. FY17 Income Statement 2017 2016 YoY(%) Sales 611,896 643,069 -5
NT$K
2017
2016
YoY(%)
Sales
611,896
643,069 -5
Gross Profit
202,885
213,784
Selling Expenses
62,085
67,610
G&A Expenses
36,093
33,263
R&D Expenses
180,383
193,313
Operating Income
(75,676)
(80,402) 6
Non-operating Income& Exp.
(3,821)
4,099
Income Before Tax
(79,497)
(76,303)
Net Income
(78,428)
(70,057)
-12
EPS(NT$)
(0.97)
(0.87)
Weighted Avg. Outstanding Shares
80,860

6. Q4 FY17 Balance Sheet Summary
NT$K
4Q17
3Q17
4Q16
Current Assets
401,714
416,563
463,045
Cash and Cash Equivalents
48,790
79,813
69,684
Accounts Receivable
95,803
63,140
72,462
Inventory
132,018
147,012
124,440
Other Financial Assets – Current
115,777
119,883
188,754
Other Current Assets
9,326
6,715
7,705
Non-current Assets
254,650
253,535
262,871
Total Assets
656,364
670,098
725,916
Total Liabilities
67,149
98,040
59,299
Total Stockholders' Equity
666,617

7. Q2 FY17 Cash Flow Summary 4Q17 3Q17 4Q16 Operating Cash Flow 2,081
NT$K
4Q17
3Q17
4Q16
Operating Cash Flow
2,081
(22,080)
(6,550)
Investment Cash Flow 64
(3,420)
(8,971)
Financing Cash Flow
(33,168)
33,168
(18,000)
Net increase in Cash & Equivalents
(31,023)
7,668
(33,521)
Cash & Equivalents at the Beginning of the Period
79,813
72,145
103,205
Cash & Equivalents at the End of the Period
48,790
69,684

8. Q1 FY18 Guidance
Based on our current business outlook, the Company expects:
Consolidated Q1FY18 revenue will be lower than Q4FY17
Consolidated Q1FY18 gross profit margin will be lower than Q4FY17
Consolidated Q1FY18 operating profit will be lower than Q4FY17

9. Solid State System：3259 Contact Us (Investors)：03-552-6533
Solid State System：3259