AI assistant
SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION — Interim / Quarterly Report 2025
May 9, 2025
52019_rns_2025-05-09_143d5ed9-2282-4c31-bc06-c68c6fe52891.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
==> picture [932 x 214] intentionally omitted <==
2025Q1 營運成果 聯強國際股份有限公司
民國 114 年 3 月
免責聲明
==> picture [938 x 5] intentionally omitted <==
本簡報係由聯強國際股份有限公司(以下簡稱本公司)提供，本簡報可能包含前瞻性陳述，當中涉及風險與不明朗因 素包括陳述本身的不確定性、風險、假設或其他因素如：經營上的改變、競爭環境、經濟情勢、法規變化、科技發 展與超出本公司管控等因素，皆可能導致本公司實際營運結果與上開前瞻性陳述有很大的差異。本公司不承擔因情 勢變更而即時更新或修正相關內容之義務。
本簡報的內容、陳述或主張非為買賣或提供買賣任何有價證券或金融商品的邀約，邀約之引誘或建議。本公司已盡 合理之注意，使本簡報於公開時無任何不真實或誤導。本公司及其各關係企業代表人或董事，均不對此使用或因他 人引用本份簡報資料、或其它因簡報資料導致的任何損害負擔任何責任。
==> picture [134 x 23] intentionally omitted <==
P2
SYNNEX Confidential
供應鏈服務平台
==> picture [938 x 5] intentionally omitted <==
==> picture [134 x 23] intentionally omitted <==
P3
SYNNEX Confidential
單位：新台幣億元
季度合併營收趨勢
==> picture [938 x 5] intentionally omitted <==
Y21 Y22 Y23 Y24 Y25
==> picture [697 x 375] intentionally omitted <==
----- Start of picture text -----
$914
(-12%)
Q1 Q2 Q3 Q4
Q1 Q2 Q3 Q4 Year
Y21 $867 $966 $1,016 $1,239 $4,088
Y22 $1,009 $1,034 $1,088 $1,115 $4,246
Y23 $886 $949 $982 $1,142 $3,960
Y24 $1,038 $1,002 $1,088 $1,132 $4,260
Y25 $914 $914
----- End of picture text -----
==> picture [20 x 20] intentionally omitted <==
==> picture [134 x 23] intentionally omitted <==
: 歷史新高
: 同期歷史新高
P4
SYNNEX Confidential
單位：新台幣億元
歷年合併營收趨勢
==> picture [938 x 5] intentionally omitted <==
- Y25YTM : NT$1,225E / YoY 9%
==> picture [409 x 6] intentionally omitted <==
| $250 $300 $350 $400 $450 |
YTM $4,246 $3,960 $4,260 $1,225 -9% |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTM | |
| Y22 Y23 Y24 Y25 |
$335 $280 $412 $292 |
$265 $255 $272 $281 |
$408 $351 $354 $341 |
$291 $277 $303 $311 |
$325 $293 $330 |
$417 $379 $369 |
$327 $318 $358 |
$360 $338 $344 |
$401 $326 $385 |
$360 $334 $360 |
$359 $387 $358 |
$396 $421 $414 |
$4,246 $3,960 $4,260 $1,225 |
| YoY | -29% 3% -4% |
3% |
==> picture [20 x 20] intentionally omitted <==
==> picture [134 x 23] intentionally omitted <==
: 歷史新高
: 同期歷史新高
P5
SYNNEX Confidential
單位：新台幣億元
產品別營收占比
==> picture [938 x 5] intentionally omitted <==
| 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% |
23% 25% 27% 27% 26% 30% 30% 23% 31% 31% 36% 29% 43% 43% 42% 42% 41% 34% 30% 25% 28% 30% 31% 28% 6% 7% 5% 4% 4% 4% 4% 5% 4% 4% 5% 6% 29% 26% 26% 26% 29% 33% 36% 47% 36% 34% 28% 38% Enterprise Device Mobile Semicon |
|---|---|
| Y24Q1 Revenue Revenue YoY(%) YoY($) Product Total 1,061 938 -12% -123 Enterprise Solution 246 269 9% 23 Device & Consumer 267 259 -3% -9 Mobile Device 53 52 -2% -1 Semiconductor 494 359 -27% -135 Adjustment -23 -24 - - Consolidated 1,038 914 -12% -124 Y25Q1 Y17 Y18 Y19 Y20 Y21 Y22 Y23 Y24Q1 Y24Q2 Y24Q3 Y24Q4 Y25Q1 |
==> picture [134 x 23] intentionally omitted <==
P6
SYNNEX Confidential
x% Y25Q1 營收占比
單位：新台幣億元
產品別營收趨勢
==> picture [801 x 441] intentionally omitted <==
----- Start of picture text -----
Enterprise Solution 29% Device & Consumer 28%
$450 $400
$400
$350
$300
-3%
$300 +9%
$250
$200
$200
$150
$100
$100
$50
$0 $0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Mobile Device 5% Semiconductor 38%
$70 $500
$60
-2% $400 -27%
$50
$300
$40
$30
$200
$20
$100
$10
$0 $0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
----- End of picture text -----
==> picture [20 x 20] intentionally omitted <==
==> picture [323 x 21] intentionally omitted <==
----- Start of picture text -----
: 歷史新高
: 同期歷史新高 SYNNEX Confidential
----- End of picture text -----
==> picture [134 x 23] intentionally omitted <==
P7
x% Y25Q1 營收占比
單位：原幣數
區域別營收趨勢
==> picture [925 x 441] intentionally omitted <==
----- Start of picture text -----
(Y25Q1 +6%) China 22% (Y25Q1 -0.3%) Australia&NZ 15% (Y25Q1 +10%) Indonesia 10%
(RMB$B) (AUS$B) (IDR$T)
$7.0 $1.0 $6.0
$6.0
$5.0
$0.8
+10%
-0%
$5.0 +6%
$4.0
$0.6
$4.0
$3.0
$3.0
$0.4
$2.0
$2.0
$0.2
$1.0
$1.0
$0.0 $0.0 $0.0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
(Y25Q1 -5%) Taiwan 11% (Y25Q1 -27%) Hong Kong 4% (Y25Q1 -27%) Semiconductor 38%
(NT$B) (HKD$B) (NT$B)
$14 $1.4 $50
$12 $1.2
-5% $40 -27%
-27%
$10 $1.0
$30
$8 $0.8
$6 $0.6
$20
$4 $0.4
$10
$2 $0.2
$0 $0.0 $0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
----- End of picture text -----
==> picture [20 x 20] intentionally omitted <==
==> picture [323 x 21] intentionally omitted <==
----- Start of picture text -----
: 歷史新高
: 同期歷史新高 SYNNEX Confidential
----- End of picture text -----
==> picture [134 x 23] intentionally omitted <==
P8
綜合損益表 – Y25Q1
單位：新台幣百萬元
==> picture [938 x 5] intentionally omitted <==
表– Y25Q1 |
|||
|---|---|---|---|
| Revenue Gross profit Operating expenses Operating income Others income/expense JV Business Income * Net interest expenses Others Pre-tax income & minority interest Income tax Minority interest (income) loss Net income EPS (NT$) |
YOY 91,398 $ -12% 3,990 4.37% -10% (2,106) 2.30% 1% 1,884 2.06% -19% 538 505 20% (243) 0.27% -25% 276 Y25Q1 |
Y24Q1 | |
| 103,751 $ 4,419 4.26% (2,085) 2.01% 2,334 2.25% 413 421 (324) 0.31% 316 |
|||
| 2,422 2.65% -12% (468) (127) |
2,747 2.65% (440) (111) |
||
| 1,827 $ 2.00% -17% |
2,196 $ 2.12% |
||
| 1.10 $ |
1.32 $ |
- JV Business in Redington India, Synnex Thailand and Synnex FPT which were accounted under equity method.
==> picture [20 x 20] intentionally omitted <==
==> picture [134 x 23] intentionally omitted <==
: 歷史新高 : 同期歷史新低 : 同期歷史新高 : 同期歷史次高
P9
SYNNEX Confidential
單位：新台幣億元
營運資金指標
==> picture [938 x 5] intentionally omitted <==
==> picture [907 x 396] intentionally omitted <==
----- Start of picture text -----
1,200 WC AR Inventories AP(net) Net days AR days INV days AP days 120
1,000 100
800 80
600 60
400 40
200 20
0 0
Y22Q1 Y22Q2 Y22Q3 Y22Q4 Y23Q1 Y23Q2 Y23Q3 Y23Q4 Y24Q1 Y24Q2 Y24Q3 Y24Q4 Y25Q1
WC 883 998 1,019 1,109 908 899 847 1,043 830 853 796 892 759
AR 734 761 751 792 706 738 728 798 734 726 776 776 707
Inventories 513 565 640 573 456 455 462 531 400 452 420 477 391
AP(net) 364 328 371 255 254 294 343 287 304 325 400 361 339
Net days 81 85 87 90 104 85 83 75 82 77 70 69 85
AR days 70 64 64 65 76 68 70 61 67 65 63 63 74
INV days 46 50 52 51 56 46 45 43 41 40 37 36 44
AP days 35 29 29 26 28 29 32 29 26 28 30 30 34
----- End of picture text -----
==> picture [134 x 23] intentionally omitted <==
P10
SYNNEX Confidential
單位：新台幣億元
財務結構指標
==> picture [938 x 5] intentionally omitted <==
==> picture [662 x 405] intentionally omitted <==
----- Start of picture text -----
Assets Liabilities & Equity
2,250 2,250
2,066 258 2,116 2,066 2,116
178 246
873
776 683 764
707 Cash
734
Int. Bearing Debt
AR
AP
Inventories 371 394 354 Other Debt
477 LT Investments
391 Equity
400 FA & Others 243 182 265
193
193
184
769 800 733
597 649 552
Y25Q1 Y24Q4 Y24Q1 Y25Q1 Y24Q4 Y24Q1
Y25Q1 Y24Q4 Y24Q1
Debt Ratio 63% 64% 65%
Net Int. bearing Debt / Equity 53% 68% 62%
Net Worth Per Share (NT$) 44.3 46.2 42.2
Free Cash Flow (NT$E) +118 -70 +229
----- End of picture text -----
==> picture [134 x 23] intentionally omitted <==
P11
SYNNEX Confidential
Y25Q1 營運績效彙總
==> picture [938 x 5] intentionally omitted <==
==> picture [620 x 398] intentionally omitted <==
----- Start of picture text -----
營業收入 營業毛利 營業淨利
-12% -10% -19%
Y25Q1 NT$914E NT$39.9E / 4.37% NT$18.8E / 2.06%
權益法投資 稅前淨利 每股盈餘
+20% -12% -17%
NT$505M NT$24.2E / 2.65% PAT NT$18.3E / NT$1.10
股東權益報酬率 周轉天數 自由現金流量
9.6% 85 days +NT$118E
15 年平均 15% Y24Q1 82 天 / +3 天
----- End of picture text -----
==> picture [20 x 20] intentionally omitted <==
==> picture [134 x 23] intentionally omitted <==
: 歷史新高 : 同期歷史新低 : 同期歷史新高 : 同期歷史次高
P12
SYNNEX Confidential
單位：新台幣億元/%
獲利能力趨勢
==> picture [938 x 5] intentionally omitted <==
==> picture [869 x 437] intentionally omitted <==
----- Start of picture text -----
GP (NT$E)
200 4.07% 4.33% 4.52% 4.31% 4.20%% 4.44% 4.38% 4.37%
3.61% 3.79% 3.69% 3.35% 3.48% 3.60% 3.54% 3.53% 3.78% OPI/GP 比率
150
- 10 年平均 44%
100
Y25Q1 : 47%
50
90 98 118 115 111 115 116 121 129 145 147 151 176 178 176 186 40
0
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 25Q1
營業毛利
OPEX (NT$E)
100 2.57% -
80 2.43% 2.02% 2.16% 2.26% 2.17% 2.13% 2.37% 2.29% 2.18% 2.37% 2.35% 2.02% 2.05% 2.26% 2.02% 2.30% 10 年平均 4.06%
Y25Q1 : 4.37%
60
40
20 營業費用
54 55 67 71 72 71 76 79 79 91 87 79 83 87 90 86 21
0 - 10 年平均 2.25%
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 25Q1
Y25Q1 : 2.30%
120 OPI (NT$E) 2.16% 2.28% 2.15% 2.18% 2.35%
2.06%
100 1.76%
1.64% 1.59% 1.63%
80 1.43% 1.34% 1.35% 1.41% 營業淨利
1.17% 1.23% 1.25%
60 -
10 年平均 1.81%
40
20 Y25Q1 : 2.06%
36 43 51 45 39 44 39 43 49 54 60 72 93 91 86 100 19
0
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 25Q1
----- End of picture text -----
==> picture [134 x 23] intentionally omitted <==
P13
SYNNEX Confidential
單位：新台幣億元
股東價值趨勢
==> picture [938 x 5] intentionally omitted <==
==> picture [681 x 437] intentionally omitted <==
----- Start of picture text -----
200 Net Income PAT% 5.0%
4.2%
3.7%
4.0%
150
2.3% 2.4% 3.0%
2.2%
100 1.4% 1.3% 1.8% 1.6% 1.5% 1.4% 1.7% 1.7% 2.0% 1.8% 2.0% 2.0%
1.0%
50
1.0%
48 54 72 58 53 50 32 49 61 66 68 82 173 157 73 92 18
0 0.0%
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 25Q1
1,000 Book Value BV per share 43.5 43.1 46.2 44.3 50.0
38.1
800 40.0
32.7
600 24.0 23.3 27.3 25.9 26.8 28.6 27.0 25.5 27.1 28.5 29.9 30.0
400 20.0
200 10.0
319 357 428 410 426 455 428 426 452 476 498 546 636 726 718 771 739
0 0.0
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 25Q1
6.0 Dividend Payout Rate 120%
86% 84% 104%
5.0 100%
69% 61% 77% 60% 64% 67% 69% 72%
4.0 80%
3.0 54% 50% 48% 60%
2.0 40%
34% 37%
1.0 20%
2.5 2.3 4.0 2.0 2.8 3.3 1.6 1.0 2.2 2.0 2.6 3.3 5.0 3.5 3.0 4.0
0.0 0%
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
----- End of picture text -----
營業淨利
PAT$ - 10 年平均 NT$85E PAT% -10 年平均 2.22% Y25Q1 NT$18.3 億 / 2.00%
帳面價 值
- 10
年複合成長率7% - Y25Q1 NT$739億& NT$44.3 /股
現金股利及配發率
- 10
年平均NT$2.82 - 10年平均配發率58% Y24 NT$4.0 ,配發率72%
==> picture [134 x 23] intentionally omitted <==
P14
SYNNEX Confidential
永續聯強
==> picture [130 x 73] intentionally omitted <==
==> picture [587 x 304] intentionally omitted <==
==> picture [217 x 287] intentionally omitted <==
Sustainable SYNNEX Cherish the Earth http://www.synnex.com.tw/en/esg-report
==> picture [134 x 23] intentionally omitted <==
P15
SYNNEX Confidential
永續聯強
11% (Y23 vs. Y22) 15% (Y24 vs. Y23) 碳排 ( 相同邊界下 )
==> picture [130 x 73] intentionally omitted <==
==> picture [750 x 300] intentionally omitted <==
Sustainable SYNNEX Cherish the Earth
http://www.synnex.com.tw/en/esg-report
==> picture [134 x 23] intentionally omitted <==
P16
SYNNEX Confidential
永續聯強
==> picture [938 x 5] intentionally omitted <==
==> picture [789 x 324] intentionally omitted <==
Sustainable SYNNEX Cherish the Earth
http://www.synnex.com.tw/en/esg-report
==> picture [134 x 23] intentionally omitted <==
P17
SYNNEX Confidential
==> picture [352 x 40] intentionally omitted <==
聯強集團 http://www.synnex-grp.com/en 永續聯強 http://www.synnex-grp.com/en/esg-report
==> picture [134 x 23] intentionally omitted <==
P18
SYNNEX Confidential
附件
==> picture [134 x 23] intentionally omitted <==
P19
SYNNEX Confidential
單位：新台幣百萬元
合併資產負債表
==> picture [938 x 5] intentionally omitted <==
| Item / Year Cash and cash equivalents Financial Assets(listed stocks, financial products...etc.) Notes and accounts receivables - net Inventories - net Others Current Assets Long-term Investments Fixed Assets - net Other Assets Total Assets Short-term loans Notes and accounts payables Others Current Liabilities Other liabilities Total Liabilities Common stock Capital reserve Retained earnings Others Minority interest Total Stockholders' Equity Total Liabilities and Stockholders' Equity |
Y25Q1 17,753 $ 28,177 70,714 39,068 10,960 166,673 19,370 16,548 3,985 206,576 $ 56,479 $ 37,091 16,864 110,434 7,427 129,661 16,679 13,482 48,889 (5,193) 3,057 76,915 206,576 $ |
Y24Q4 Y24Q1 25,818 24,618 $ 25,433 26,731 77,648 73,374 47,684 40,047 8,882 11,871 185,465 176,640 19,258 18,375 16,326 12,907 3,919 3,699 224,967 $ 211,621 $ 66,355 $ 57,034 $ 39,402 35,414 10,825 18,932 116,583 111,380 7,410 7,596 144,943 138,346 16,679 16,679 13,484 13,533 53,734 46,688 (6,811) (6,454) 2,937 2,828 80,024 73,275 224,967 $ 211,621 $ |
|---|---|---|
==> picture [134 x 23] intentionally omitted <==
P20
SYNNEX Confidential