2018.4.23

Stock code：6156

All information in this presentation, including predictions,

estimations and prospective direction, may be subject to risk

and uncertainty；therefore actual results may differ from the

statement here.

Company Profile

Applications & Future prospects

Operation Performance

Q & A

Company Name：Song Shang Electronics Co., Ltd.

Established：June 13th,1988

Representative：Roman Pao/chairman

General Manger ：Tony Chen

Business：Printed Circuit Board(PCB) &

Magnetic element(MAG)

Capital：NTD 773 million

Employee：2,099

Address：4F.,No.117,Zhongcheng Rd.,Tucheng Dist.,New

Taipei City 236,Taiwan

1988.6 K-Bridge Electronics Co., Ltd established

1989.1 PCB plant completion and production

1999.6 Optronics Division established (Yang Mei)

2002.2 Listed on OTC

2002.3 L-Bridge established in China

2011.3 K-Bridge renamed to Song-Shang

Touch Cover Glass Division established

MAG Division established

2013.12 Touch Cover Glass Division business closed

2014.8 Merger with ZHONGTAI Electronics Co., Ltd

2016.6 Relocation of headquarters to Tucheng Dist. of New

Taipei

C H I N A

TAIPEI

SUZHOUHUBEI

XIAMENDONGGUAN

DongguanL-bridge

Wu Jiang Volt

TAOYUAN

Taoyuan L-Bridge

Song Da Xiamen

Zhongtai Hubei

Company Profile

Applications & Future prospects

Operation Performance

Q & A

Revenue/NT$MEPS/NT$

(2.94)

(0.45)(0.72)

1.09

1.60 1.84 1.71

-3.00

-2.00

-1.00

0.00

1.00

2.00

3.00

-

1,000

2,000

3,000

4,000

5,000

2011 2012 2013 2014 2015 2016 2017

Revenue EPS

NT$

Payout % 18.75% 43.48% 46.78%

0.30 0.80

0.40

0.40

(2.94)

(0.45) (0.72)

1.09

1.60 1.84 1.71

(3.00)

(2.50)

(2.00)

(1.50)

(1.00)

(0.50)

0.00

0.50

1.00

1.50

2.00

2.50

2011 2012 2013 2014 2015 2016 2017

Cash div Stock div EPS

Due to the cost increase of raw materials in 2017, the gross profit%

decreased compared with the previous year.

Due to the adjustment of product structure in2016, the gross profit%

increased compared with the previous year.

2011 2012 2013 2014 2015 2016 2017

GPM 9.4% 10.0% 12.9% 14.2% 15.6% 20.4% 16.0%

OPM -1.2% -2.0% 1.2% 4.8% 3.4% 6.3% 2.8%

Net margin -4.9% 0.6% 0.3% 3.4% 4.9% 6.3% 3.8%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

NT$M 2,013 % 2014 % 2015 % 2016 % 2017 %

Net Revenue $3,721 100 $3,942 100 $4,084 100 $4,270 100 $4,566 100

Gross Profit 422 11 562 14 637 16 872 20 733 16

Operating Income 41 1 188 5 139 3 271 6 130 3

Non-Operating Items (41) (1) (25) (1) 104 3 54 1 46 1

Pretax Income 0 0 163 4 243 6 325 8 176 4

Income Tax (9) 0 27 1 42 1 55 1 4 0

Net Income 9 0 136 3 201 5 270 6 172 4

Attributable to the Parent (59) (2) 75 2 124 3 142 3 132 3

Attributable to non-

controlling interest69 2 60 2 77 2 127 3 39 1

Basic EPS(NT$) (0.72) 1.09 1.60 1.84 1.71

NT$M 2013 % 2014 % 2015 % 2016 % 2017 %

Cash and Cash Equivalents $502 19 $685 19 $676 20 $676 19 $870 23

Accounts Receivable 1,370 51 1,631 47 1,422 44 1,529 44 1,558 39

Inventories 209 8 366 10 336 10 394 11 520 14

Other Current Assets 54 2 95 3 133 4 139 4 175 5

Fixed Assets and Other Assets 538 20 744 21 742 22 773 22 728 19

Total Assets 2,673 100 3,521 100 3,309 100 3,511 100 3,851 100

Short-Term Loan 120 4 202 6 190 6 314 9 314 8

Other Current Liabilities 1,177 45 1,693 49 1,340 41 1,303 37 1,402 37

Other Long-Term Liabilities 10 0 13 0 13 0 73 2 282 7

Total Liabilities 1,307 49 1,908 55 1,543 47 1,690 48 1,998 52

Shareholder's Equities 572 21 825 23 942 28 978 28 1,015 26

Non-controlling Interests 794 30 788 22 824 25 843 24 838 22

Total Liabilities and Equities 2,673 100 3,521 100 3,309 100 3,511 100 3,851 100

Book Value Per Share(NT$) 7.39 10.66 12.17 12.64 13.12

Applications & Future Prospects

Operation Performance

Q & A

Company Profile

NT$M

27.9%

70.6%

1.5%

Growth39%

Revenue 3.27 billion 4.56 billion

2,696 3,001 2,932 3,085 3,221

391

787 1,084 1,0911,276

187

15569

9369

1,000

2,000

3,000

4,000

5,000

2013 2014 2015 2016 2017

PCB MAG Others

34% 33% 34% 28%20%

36% 32% 36%36%

42%

14%12%

13%9% 11%

10%9%

8%12% 8%

6%14% 9% 15% 19%

0%

20%

40%

60%

80%

100%

2013 2014 2015 2016 2017

Lighting Industry Others Appliance Automotive

1. Development and growth in the

automotive sector can significantly

increase gross margins. German and

Chinese joint venture depots business is

under development. Our products focus

on dashboards, car lights, anti-slip

systems, and charging devices.

2.Developing applications for smart

home appliance.3.Increasing the growth of revenue in the

smart meter categories.

Adjusting the proportion of high-

margin products.

20%

42%

11%

8%

19%

2017

Lighting Industry OthersAppliances Automotive

44% 49%58% 59% 64%

36% 24%18% 20%

19%

18%

9%8% 8% 5%

2%

4% 2% 2%14% 14% 12% 12%

0%

20%

40%

60%

80%

100%

2013 2014 2015 2016 2017

Computer Lighting Industry Others Appliance

1. Increasing annual growth rate in

revenue from Korean home appliances.

2. Increasing revenue from the consumer

electronics industry.

3. Continuing R & D automation process

to enhance competitiveness.

4. Designing standardized products.

＊Increasing NB worldwide share

＊Increasing TV worldwide share

64%

19%

5%

12%

2017

Computer Lighting

Industry Appliances

Applications &Future prospects

Operation Performance

Q & A

Company Profile

20

Stock code：6156