chairman ming-hsien chen - st.shine · 2017-09-21 · differences between the actual results...

1Your Satisfaction is our Priority

ChairmanMing-Hsien Chen

Your Satisfaction is our Priority

• This presentation contains forward-looking statements and these forward-looking statements are subject to risks, uncertainties and assumptions. The unexpected circumstances arise may cause the differences between the actual results and the company’s expectations.

• The forward-looking statements provided in this presentation is reflected by St Shine Optical current operation status and forward-looking assumptions. St Shine Optical shall not bear any liabilities for the differences between the actual results impacted by the external factors and the company’s early expectation.

• Neither this presentation nor any of its contents may be reproduced, amended, re-edited, removed, or send to a third party without the prior written consent of St. Shine Optical.

Disclaimer


Company Profile

Industry Overview

Business Overview

Planning and Perspective

Opportunities and Challenges

Content


1. Company Profile

Establishment：1986

Main Product：Disposable Contact Lens

Production base：Taiwan

Overseas subsidiaries：The Netherland, Shanghai

Employees：Over 3,200

Business Model：OBM for domestic market

ODM、OEM for export markets

Main Markets：Taiwan、Japan、China、UK、

Italy、USA

Foreign Ownership：54.86% (base on 106.4.15)

Profile


公司簡介

6

Awards二次榮獲勤業眾信(Deloitte)遠東高科技高成長前500大企業三次榮獲富比士(Forbes)亞洲區最佳200大中小型企業獎連續榮獲A+企業，四年總經營績效第一名(遠見雜誌)創造就業貢獻獎(中華民國中小企業協會)第一屆、第二屆金桂獎(OTC)台灣最佳聲望標竿企業-生技製藥業(天下雜誌)榮獲國家優良企業品質獎(外貿協會)榮獲中華民國生物產業協會2014傑出生技產業金質獎SNQ國家生技醫療品質獎-醫材組銀獎(生策會)多款產品榮獲台灣精品獎(國貿局)多款產品榮獲國家新創獎(生策會)

Factory I

Factory III Factory IV


Factory II

Taiwan Factories 公司簡介

Factory VLogistic

Factory VI(construction in process)


公司簡介Taiwan Factories

Own Brand Products


公司簡介

New Product-Ticon光漾瞬間

帝康代言人田馥甄推薦

公司簡介

Export Markets

India

South KoreaChina

IndonesiaMalaysia

Mexico

Canada

TaiwanHollandBelgiumGermanyDenmark

RussiaUK

Spain

Australia and NZ

USA

Iran

Singapore

LebanonSaudiIsrael

Arabia

Pakistan

Panama

TurkeyGreece

Hong Kong


Japan

Italy

公司簡介

OEM and ODM for International BrandsNihon OpticalJapan

Italy

China

Germany

USA

UK Specsavers


公司簡介


2. Industry Profile

America 42%

Europe 28%

Asia30%

Worldwide Contact Lens Markets- by region

Total market size：USD 7.2 billion

Year 2016

產業概況

Source ：St. Shine Estimated


Spherical 53%

Toric 26%

Multifocal10%

Cosmetic 11%

Year 2016

產業概況

Worldwide Contact Lens Markets- by function

Source ：St. Shine Estimated

Taiwan Import/Export CL volumein past 5 years

Unit：thousand pcs


產業概況

-

100,000

200,000

300,000

400,000

500,000

600,000

700,000

2012 2013 2014 2015 2016

176,141 179,348 197,913 196,945 219,384

450,540

553,814 647,666

745,771 875,164

Import Export

Source：Directorate General of Customs

產業概況

Competitions

精華光學(1986)優你康光學(1992)永勝光學(1995)-金可2012併購視陽光學(1998)-明基材料昕琦科技(1999)-仲琦科技昱嘉科技(2000)-台灣光罩熒茂光學(2001)-強茂集團

星歐光學(2004)-大立光精能光學(2007)-能率集團視茂光學(2008)晶碩光學(2009)-和碩望隼科技(2012)-長華電材加美光學(2013)

海外

台灣


USA - J&J、Alcon、B&L、Cooper VisionUK - ProvisItaly - SchalconSpain - Mark'ennovyJapan - Menicon、SeedKorea - Bescon、Interojo、G&G...China - HydronSingapore - Igel、Clearlab


3. Business Overview

營運概況


Company Sales AmountUnit：million NTD

Note：Asia contributing for higher sales and account for more than 90% of total sales in 2016

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

1,839 2,173

2,392

3,099 3,459

4,169

5,222 5,411 5,860

6,458

營運概況


Sales VolumeUnit：million pcs

-

100

200

300

400

500

600

700

800

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

142 188 200

304

373

464

576 598

663

727


Export Volume營運概況

Unit：million pcs

Source：Directorate General of Customs

-

100

200

300

400

500

600

700

800

900

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

116 169

191 247

323

451

554

648

746

875

117 153 159

228 270

367

457 500

564

654

Total Export St.Shine Export

營運概況


EPS and Dividends

0.00

5.00

10.00

15.00

20.00

25.00

30.00

35.00

40.00

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

10.58 11.1612.38

17.30

21.16

23.96

31.70 31.2028.88

35.26

7.50 8.00

10.50

14.5015.50

17.50

22.5023.85 23.50

27.00

營運概況

ROE


0

10

20

30

40

50

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

36.09%

30.58% 31%

37.99%40.37% 40.75%

45.29%

38.26%

32.6%

36.38%

營運概況

Production Lines Expansion

註：2017年新增之12條產線預計於年底完工


-

10

20

30

40

50

60

70

2006 2007 2010 2011 2013 2014 2017

12

18

26

34

44

58

58+12

營運概況


Foreign Investor Ownership

資料來源：股東常會最後過戶日

0

10

20

30

40

50

60

70

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

24% 28%

40%

45% 49%

51%

47%

57%

67%

55%


4. Planning and Perspective


計畫與展望

Competitive AdvantagesStable and high efficient manufacturing process based on self-developed cast molding technology.

Own the most maximum OEM/ODM customers worldwide.

Made in Taiwan. High quality products trusted by customers.

Most variety product design, material formula and producing capability.

Immediately offer the most competitive price for variety products.

Professional regulation know-how -- To assist our customers obtain certificates faster.

“帝康Ticon” is the most well-known and reliable brand in Taiwan.

計畫與展望


- Expansion will base upon market demands /Adjustments for production facilities

Production Planning

- Ongoing development for new function, more effective products

- Continue the development for highly efficient automation facilities

R&D planning

- Develop cosmetic contact lens overseas markets- Provide products in varieties to meet markets’

demands and segment the markets- Apply for regulatory approvals in emerging markets

MarketDevelopment

- Introduce new products and expand new product lines to existing customers

- Sales growth above average industry growth

Growth Target

Planning and Perspective


5. Opportunities and challenges

機會與挑戰

- Mainstream ProductsDaily Sphere-> The fast growing North American

Markets Stable markets for Asia and Europe

Daily Colors-> Asian Market- Potential Products

Toric -> Matured Market in Europe and North AmericaMultifocal Progressive -> Worldwide Markets(above 40

year old)

- International Brands market entrenchment in Europe and North America

- Smaller competitors price cutting in Asia

Threat/Competitions

Growth Momentum


Opportunities and Challenges


Q & A

chairman ming-hsien chen - st.shine · 2017-09-21 · differences between the actual results...

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