3System
Solid State System (3S)
鑫創科技：3259
Y2016 Forth Quarter
Investor Conference
Mar. 9, 2017
Agenda

Q4 FY16 Financial Results

Q1 FY17 Guidance

2
Q&A
Safe Harbor Statement
Except for historical information contained herein, the matters set
forth in this presentation are forward looking statements that are
subject to risks and uncertainties that could cause actual results to
differ materially, including the impact of competitive products and
pricing, timely design acceptance by our customers, timely
introduction of new technologies, ability to ramp new products into
volume, industry wide shifts in supply and demand for semiconductor
products, industry overcapacity, availability of manufacturing capacity,
financial stability in end markets, and other risks.
3
Q4 FY16 Income Statement
NT$K
4Q16
3Q16
4Q15
168,591
166,998
116,560
1
45
66,215
51,521
35,861
29
85
15,479
17,343
14,620
G&A Expenses
7,546
8,462
9,804
R&D Expenses
44,920
47,585
51,502
(1,730)
(21,869)
(40,065)
92
96
1,781
439
1,301
51
(21,430)
(38,764)
Net Income
6,297
(21,430)
(33,871)
129
119
EPS(NT$)
0.07
(0.27)
(0.42)
80,860
80,860
80,860
Sales
Gross Profit
Selling Expenses
Operating Income
Non-operating Income& Exp.
Income Before Tax
Weighted Avg. Outstanding
Shares
4
QoQ(%) YoY(%)
FY16 Income Statement
NT$K
2016
YoY(%)
Sales
643,069
482,374
33
Gross Profit
213,784
147,304
45
Selling Expenses
67,610
61,129
G&A Expenses
33,263
38,032
R&D Expenses
193,313
223,132
(80,402)
(174,989)
4,099
6,034
Income Before Tax
(76,303)
(168,955)
Net Income
(70,057)
(164,062)
(0.87)
(2.17)
80,860
75,709
Operating Income
Non-operating Income& Exp.
EPS(NT$)
Weighted Avg. Outstanding
Shares
5
2015
54
57
Q4 FY16 Balance Sheet Summary
NT$K
4Q16
Current Assets
4Q15
463,045
487,797
561,876
Cash and Cash Equivalents
69,684
103,205
184,340
Accounts Receivable
72,462
64,079
50,964
Inventory
124,440
124,223
129,665
Other Financial Assets – Current
188,754
187,339
187,550
7,705
8,951
9,357
Non-current Assets
262,871
255,364
271,955
Total Assets
725,916
743,161
833,831
59,299
83,913
98,229
666,617
659,248
735,602
Other Current Assets
Total Liabilities
Total Stockholders' Equity
6
3Q16
Q4 FY16 Cash Flow Summary
NT$K
4Q16
3Q16
4Q15
Operating Cash Flow
(6,550)
(15,934)
(43,482)
Investment Cash Flow
(8,971)
(5,678)
7,804
Financing Cash Flow
(18,000)
16,950
-
Net increase in Cash & Equivalents
(33,521)
(4,662)
(35,678)
Cash & Equivalents at the Beginning of the
Period
103,205
107,867
220,018
69,684(Note)
103,205
184,340
Cash & Equivalents at the End of the Period
Note：Time deposits with original maturities of more than three months amounting
to $170 Million as of December 31,2016.
7
Q1 FY17 Guidance
Based on our current business outlook, the Company expects:
Consolidated Q1 revenue will be Lower than Q4
Consolidated Q1 gross profit margin will be Lower than Q4
Consolidated Q1 operating profit will be Lower than Q4
8
Contact Us (Investors)：03-552-6533
www.3system.com.tw
Solid State System：3259
9