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SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION Interim / Quarterly Report 2025

Mar 13, 2026

52019_rns_2026-03-13_fe25794d-e0e8-4322-bd35-9db7cdc2083c.pdf

Interim / Quarterly Report

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2025年營運成果 聯強國際股份有限公司

民國 115 年 3 月

免責聲明

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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。

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P2

SYNNEX Confidential

x% 固定匯率YoY 單位：新台幣億元

季度合併營收趨勢

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+17%
Y21 Y22 Y23 Y24 Y25 $1,262
+1% (+11%)
-11% -2% $1,002
$914 $933 (-8%)
-
(-12%) ( 7%)
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
YoY -3%
Y24 $1,038 $1,002 $1,088 $1,132 $4,260 ( 以固定匯率計算持平 )
Y25 $914 $933 $1,002 $1,262 $4,112
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: 歷史新高 : 同期歷史新高

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SYNNEX Confidential

產品別營收趨勢

x% Y25 營收占比 單位：新台幣億元

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(Y25 -2%) 31%
(Y25 +4%) 5%
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(Y25 -5%) 28%
(Y25 -3%) 36%
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: 歷史新高 : 同期歷史新高 SYNNEX Confidential

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P4

區域別營收趨勢

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x% Y25 營收占比
區域別營收趨勢
單位：原幣數
(Y25 -8%) 23% (Y25 +7%) 15% (Y25 +7%) 10%
(Y25 +24%) 13% (Y25 -18%) 4% (Y25 -3%) 35%
: 歷史新高
P5 : 同期歷史新高 SYNNEX Confidential
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聯強集團業務概況
Y25 $28.5bn / +8%)
India/SA (23% / +23%) Taiwan (24% / +2%)
(CAGR ： +4%)
(CAGR ： +4)
(CAGR ： +9%)
METACIS (22% / +13%) China/HK (13% / -10%) SEA (12% / +10%) ANZ (7% / +7%)
：
(CAGR -3%) ：
： (CAGR +2%)
(CAGR +7%) ：
(CAGR +9%)
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Y25 USD$28.5bn / YoY +8% Technology Device & Solution Lifestyle  $8,969 (mn)  $8,826 (mn)  Y25 : +9%  Y25 : +7% 31% 31% 21% 17% Smartphone Semicon & & Adjacency IC Module  $6,108 (mn)  $4,884 (mn)  Y25 : +19%  Y25 : -3%

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單位：新台幣百萬元

綜合損益表– 2025全年及第四季

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Y24Q4 Y25Q4 YOY Y24 Y25 YOY
Revenue $ 113,246 $ 126,210 11% $ 426,009 $ 411,153 -3%
Gross profit 5,309 4.69% 5,373 4.26% 1% 18,648 4.38% 17,504 4.26% -6%
Operating expenses (2,183) 1.93% (2,169) 1.72% -1% (8,625) 2.02% (8,941) 2.17% 4%
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YOY
126,210
$ 11%
5,373
4.26%
1%
(2,169)
1.72%
-1%
Y25Q4		 YOY
126,210
$ 11%
5,373
4.26%
1%
(2,169)
1.72%
-1%
Y25Q4		 YOY
126,210
$ 11%
5,373
4.26%
1%
(2,169)
1.72%
-1%
Y25Q4		 YOY
411,153
$ -3%
17,504
4.26%
-6%
(8,941)
2.17%
4%
Y25
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$)		 3,126
2.76%
659
467
(180)
0.16%
372
3,785
3.34%
(566)
(284)
2,935
$ 2.59%
1.76
$		 3,204
2.54%
2%
563
529
13%
(208)
0.16%
15%
241		 10,023
2.35%
2,331
1,670
(803)
0.19%
1,464
12,354
2.90%
(2,424)
(717)
9,213
$ 2.16%
5.52
$		 8,563
2.08%
-15%
3,250
2,138
28%
(969)
0.24%
21%
2,081
3,767
2.98%
0%
(768)
(238)		 11,813
2.87%
-4%
(2,716)
(630)
2,761
$ 2.19%
-6%		 8,467
$ 2.06%
-8%
1.66
$		 5.08
$
  • JV Business in Redington India, Synnex Thailand and Synnex FPT which were accounted under equity method.

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: 歷史新高 : 同期歷史新低 : 同期歷史新高 : 同期歷史次高

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P8

SYNNEX Confidential

營運資金指標

單位：新台幣億元

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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
Y23Q1 Y23Q2 Y23Q3 Y23Q4 Y24Q1 Y24Q2 Y24Q3 Y24Q4 Y25Q1 Y25Q2 Y25Q3 Y25Q4
WC 908 899 847 1,043 830 853 796 892 759 717 618 809
AR 706 738 728 798 734 726 776 776 707 670 639 767
Inventories 456 455 462 531 400 452 420 477 391 380 362 438
AP(net) 254 294 343 287 304 325 400 361 339 333 383 396
Net days 104 85 83 75 82 77 70 69 85 72 66 56
AR days 76 68 70 61 67 65 63 63 74 66 61 51
INV days 56 46 45 43 41 40 37 36 44 38 35 30
AP days 28 29 32 29 26 28 30 30 34 32 30 25
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單位：新台幣億元

財務結構指標

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Y25Q4 Y25Q3 Y24Q4
Debt Ratio 62% 63% 64%
Net Int. bearing Debt / Equity 51% 54% 68%
Net Worth Per Share (NT$) 48.1 44.5 46.2
Free Cash Flow (NT$E) +63 +63 -70
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單位: 新台幣億元；%

獲利能力趨勢

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OPI/GP 比率 - 10 年平均 46% Y25 : 49%

營業毛利

  • 10年平均 4.13%

  • Y25 : 4.26%

營業費用

  • 10年平均 2.23%

  • Y25 : 2.17%

營業淨利

  • 10年平均 1.90%

  • Y25 : 2.08%

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P11

SYNNEX Confidential

股東價值趨勢

單位: 新台幣億元；元

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Net Income

PAT$ - 10年平均. NT$91億 PAT% -10年平均. 2.3% Y25 NT$85億 / 2.1%

帳面價值

  • -10年複合成⾧率 7%

  • Y25 NT$802億& NT$48 /股

現金股利及配發率

  • 10年平均. NT$3.08 - 10年平均配發率 58% Y25 NT$4.2, 配發率 83%

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P12

SYNNEX Confidential

2026 1~2月營運表現

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整體表現
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  • 累計營收 703億元，年增23% ，創同期新高

  • • 1月營收突破400億元 ，為歷年 同期次高 • 2月營收近300億元 ，創歷年 同期新高

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業務表現
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  • 各業務類別皆呈現成⾧

  • • 「雙引擎」帶動： 商用加值與半導體業務為主要動能

  • • ， 商用加值業務年增23% 連續三個月創新高

  • • 半導體業務年增34% ，為 同期次高

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區域市場
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  • 台灣、印尼及澳紐市場成⾧動能強勁

  • • 台灣年增近40% ，創 15年同期新高

  • • 印尼與澳紐創同期新高 ，其中 印尼連續6個月創新高

  • • 大陸與香港市場呈現穩定復甦

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P13

SYNNEX Confidential

2026發展策略與營運展望

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以「極致營運效率」與「雙平台策略」為核心 推動下㇐階段成⾧

精實轉型

  • OPEX優化 ：2025 Q4營業費用率降至 1.72%

  • 策略性人力調整 ：透過營運自動化，整體人力 自然減少30%

  • 生產力提升：人均營收提升59%

數位智能平台

  • 從 傳統通路商 轉型為 高度自動化的數位服務平台

  • 數據驅動決策 ：運用大數據預測市場需求並優化庫存

  • 生態系賦能 ：提供合作夥伴即時BI工具，提升供應鏈韌性

AI 加速平台

  • AI基礎設施 ：提供高效能AI伺服器、GPU運算及企業級儲存

  • 終端升級 ：推動 AI PC與AI智慧型手機 換機潮，提升產品ASP

  • 邊緣AI ：整合AI辨識與監控設備，拓展工業與商業邊緣應用

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SYNNEX Confidential

永續聯強

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Sustainable SYNNEX Cherish the Earth https://www.synnex-grp.com/tw/ESG-Report

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P15

SYNNEX Confidential

永續聯強

Target 25% in 2030 (vs. Y23) 2025 15% 碳排(相同邊界下)

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Sustainable SYNNEX Cherish the Earth

https://www.synnex-grp.com/tw/ESG-Report

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P16

SYNNEX Confidential

永續聯強

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Sustainable SYNNEX Cherish the Earth

https://www.synnex-grp.com/tw/ESG-Report

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P17

SYNNEX Confidential

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聯強集團 http://www.synnex-grp.com/tw 永續聯強 http://www.synnex-grp.com/tw/esg-report

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P18

SYNNEX Confidential

附件

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P19

SYNNEX Confidential

單位：新台幣百萬元

合併損益表

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Item / Year Y25Q4 Y25Q3 Y24Q4
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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		 24,422
$ 21,766
76,707
43,763
10,855
177,513
19,300
16,231
4,379
217,423
$
66,520
$ 39,623
11,491
117,635
7,355
134,190
16,679
13,483
56,755
(6,725)
3,041
83,233
217,423
$		 21,844
25,818
$ 33,754
25,433
63,891
77,648
36,191
47,684
11,570
8,882
167,251
185,465
19,579
19,258
15,836
16,326
3,908
3,919
206,573
$
224,967
$
54,577
$ 66,355
$ 38,312
39,402
9,220
10,825
102,108
116,583
7,475
7,410
129,683
144,943
16,679
16,679
13,482
13,484
52,794
53,734
(8,722)
(6,811)
2,656
2,937
76,890
80,024
206,573
$
224,967
$

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P20

SYNNEX Confidential

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