2059 King Slide Technology Co., Ltd. 2025 Q1 法說會簡報

Company Overview

King Slide® is a leading designer and manufacturer of mechanical products, specializing in precision ball bearing slides applied in offices, homes, and computer servers. It is recognized as Asia's No. 1 Server Slide Manufacturer.

• Established: 1986
• Corporate Headquarters: Kaohsiung, Taiwan
• Capital: NT$952.97 Million
• Employees: 1500+ (Engineers: 450+)

Certifications:

• ISO 14001 (Environmental System)
• ISO 9001 (Quality System)
• OHSAS 18001 (Occupational Health & Safety Management System)
• RoHS Compliance

Milestones:

• 1986: Launched slides and hinges
• 2001: Server slides introduced
• 2008: Listed on OTC market at NT$106
• 2010: Listed on Taiwan Stock Exchange
• 2017: Released high-end functional slides

Operating Plants

Corporate Headquarters: King Slide Technology Co., Ltd.

• Location: Luzhu District, Kaohsiung City, Taiwan
• Land Area: 29,980m²
• Product Lines:
  • Ball bearing slides
  • Powder-coated slides
  • Hinges

Subsidiary: King Slide Technology Co., Ltd.

• Location: Kaohsiung Science Park, Taiwan
• Land Area: 192,000m²
• Product Lines:
  • Server slides
  • Mechanical components
  • High-end functional slides

Current Operations Overview

Product Mix (2024 Sales):

• Slides: 96.38%
• Hinges: 1.62%
• Traditional Slides: 0.06%
• Others: 1.94%

Global Sales Coverage:

• Asia, North America, Europe, Japan, Central & South America, Australia, India, Turkey, Middle East, Russia, etc.

Products, Services & Technology

Product Overview – Electronic Applications:

• Applications: Servers, switches, hubs, storage devices, UPS, KVM, POS systems, ATMs, copiers.
• Growth Drivers: Cloud applications, AI, Big Data.

Product Overview – Traditional Slides, Hinges, Kitchenware:

• Applications: Home appliances, kitchen cabinets, office furniture, medical carts.

Global High-End Kitchenware Market:

• Market Value: US$3.5 billion
• Market Share:
  • Blum: 50%
  • Hettich: 30%
  • Grass & Others: 20%
  • King Slide: 2%

Strategic Initiatives and Plans

Key Competitive Advantages:

1. Insight into customer demands
2. Advanced R&D for future product design
3. Dense patent layout
4. Integrated design capabilities alongside manufacturing technologies

Patent Portfolio:

• Global Coverage: Canada, USA, Europe, UK, Germany, Japan, Taiwan, mainland China
• Total Patent Applications (As of May 2025): 3,580
• Granted Patents: 3,450

Core Competencies:

1. Integrated Design Capability:
   • Product customization
   • Innovation
   • In-house design to production
2. Leading Manufacturing Technology Capability:
   • Intelligent production models
   • Eco-compliant surface treatments

Sustainability

Key Initiatives:

1. Raw Materials:
   • 98% local procurement; reduces carbon footprint.
2. Manufacturing:
   • ISO-certified production bases.
3. Design:
   • Green product development.
4. Distribution:
   • Eco-friendly packaging.
5. Usage:
   • Enhanced server cooling efficiency.
6. Disposal:
   • 95% disassembly/recyclability.

Future Outlook and Guidance

Growth Drivers:

• Applications:
  • Consumer electronics, server products, traditional kitchenware, integrated solutions.
• Goals:
  • Expand markets and customer base.

Financial Highlights and Key Metrics

IFRS 2024/2025 Sales Analysis (Unit: NT$ Thousand)

Profitability & Growth Rates (% YoY)

Profit Margins (2025 Q1):

• Gross: 76.1%
• Operating: 68.9%
• Net: 63.5%

Growth Rates (% YoY):

• Revenue: +104.1%
• Operating Profit: +169.3%

EPS (Unit: NT$)

Recent Performance and Results

IFRS Consolidated Income Statement (Unit: NT$ Thousand)

Appendix

• Historical financial performance for 2005-2025 YTD documented.
• Key ratios, balance sheet, and statements are available for reference in detailed slides.