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Quanta Computer Inc. Annual Report 2015

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Quanta Computer Inc. Annual Report 2015 Quanta Computer Inc. Annual Report 2015 WorldReginfo - 4c253b32-c813-49eb-99f6-4937438e8299 Report to Shareholders Year 2015 was a challenging year as the global economy remains lackluster and the consumer market slowly recovers. Despite the challenging macro environment, Quanta Computer remains positive and continues to identify innovative ways to overcome obstacles ahead. The Company leverages innovative thinking to optimize current operations. We also adopt the thinking of “Core Motive is Innovation” and “Action Plan Is Change” in the process of new product development. Employees and management team at Quanta Computer work together as a team with relentless efforts. The Company’s revenue returned to a trillion dollar in FY2015 as a result of team efforts and strong determination from every employee in the Company. Quanta’s performance for FY2015 and outlook for FY2016 are as follow: I. Revenue and Income Consolidated revenue in year 2015 was NT$1,007.3BN, an increase of 8.7% from the previous year. Net income after tax in FY2015 and FY2014 was NT$17.8BN and NT$19.2BN respectively. Net income attributable to owners of parent in FY2015 and FY2014 was NT$17.8BN and NT$18.9BN respectively. EPS in FY2015 was NT$4.62. Non-operating income was NT$4.4BN. Growth for the PC industry remains lukewarm in 2015 due to instability of the global economy and geopolitical volatility. Moreover, fluctuation of foreign currency further deepened the difficulty of overall business operation. To concur the ever-changing challenges ahead, Quanta Computer repositioned its strategy and followed through four action plans defined in 2014, which are identifying opportunities ahead of competitions; acceleration; simplicity and cost savings. To act upon aforementioned action plans, the Company adopted new ways of thinking, new methods of operation and leveraged courageous spirit to breakthrough existing barriers. Through integrated logistic flow and strengthened electronic procurements, the Company was able to tighten control of R&D and manufacturing know-hows in notebook production. Furthermore, resources dedicated to new technology and new product developments also accelerated, while overall cloud business remained robust. FY2015 revenue returned to $1 trillion dollar proved the effectiveness of team work from the entire Company. As a good corporate citizen, the Company has been publishing Corporate Social Responsibility reports every year since year 2010. Third party validation was introduced in 2014 and onwards to improve reliability and quality of CSR reports and to further enhance the Company’s corporate governance and transparency. Quanta Computer proactively plays the role of a respectful corporate citizen by taking responsibilities and obligations as a member of the global village. II. Outlook in 2016 Year 2016 is filled with challenges as recovery of global economy remains lackluster and competition remains fierce. New product development trend now leans toward greater product variety at lesser volume. Cross industry alliance became a common practice as a result of this new market trend. Quanta Computer continues to leverage existing management strategy to strive for winning outcome and mindfully observe new market trend to better prepare ourselves for new changes. To ensure the Company is ready to adopt new market trend and to integrate new technology, we hold humble attitudes towards new technology advancement and devote more resources into new product development. WorldReginfo - 4c253b32-c813-49eb-99f6-4937438e8299 Quants Computer’s new principles: Superior Quality － Ensure high quality is our top priority and allow high quality products to speak for our superior manufacturing technique. Superior Technology － Continue to accelerate manufacturing technique and to increase standard for automation. Leverage software applications, professional wisdom and encourage greater potentials to become a leader in “smart-manufacturing” Detailed Management – Strengthen production management, enhance technology know-how and focus on details within the existing fundamental development framework. Greater focus on detailed management from quality control, production control, budget control to man- power management. Brighten Future － Build on the above principles, the Company focuses on future development, encourages innovation and break-through thinking in order to pave a brighter future for Quanta Computer and let the Company shine. The Company has set a new target and development methodology to tackle challenges ahead. We strongly believe proactive thinking and responsible attitude are key elements in better product creation and stronger operation performance. The ideology we follow is “Innovation, Change and Transcend”, which can be achieved through continuous exploration and strive for excellence. Building on the superior corporate value of Truthfulness, Kindness, Beauty, Honesty, Trust and Caring, Quanta Computer continues to take steady steps and look ahead to create greater value for our shareholders. Chairman: Barry Lam Vice Chairman: C.C. Leung Chief Financial Officer: Elton Yang WorldReginfo - 4c253b32-c813-49eb-99f6-4937438e8299 Quanta Computer Inc. 29.78% 37% 36.76% 99.99% Quanta RoyalTek Quanta Quanta Quanta CloudCast Computer Venture Cloud Technology Int’l Ltd. Company Technology 0.81% Investment Capital Techology Inc. Ltd. Corp. Co., Ltd. Inc. （Ref. to Chart 1) 0.44% 9% 9% 24.81% 75.19% Quanta FaceVsion QCJ Quanta TWDT Micro- Technology Corp. Storage Precision Systems Inc. Inc. Co., Ltd. Inc. （Ref. to Chart 2) DTG Quanta Royaltek Cloud International (BVI) Technology Enterprise s Ltd. Japan FaceVsion FaceVsion Technology Ltd. Techology Hong Kong USA LLC Ltd. Royaltek Fly Dragon Dragon Trading Int’l Grand (Changshu) Group FaceVsion Ltd. Co., Ltd. Ltd. (Changshu) Trading Co., Ltd. Dragontech Dragontech City Metallic Metallic Industry Changshu Co., Ltd. Co., Ltd. * Note: ownership is 100% unless otherwise specified WorldReginfo - 4c253b32-c813-49eb-99f6-4937438e8299 Chart 1 Quanta Computer Inc. Quanta Int’l Ltd. Access QCE Quanta Quanta QCT QCT Quanta Computer Capital Asia Research Int’l Co. BV Ltd. LLC Inc. Manage- Int’l, Inc. ment Ltd. 60% ThinkTech Quanta Quanta Quanta QCT Ind. E 19% Q_Bus Research Com. DE Develop- Korea Int’l Int’l Cambridge Informatica ment Ltd. Inc. SA Ltd. Technology Inc. Ltd. (QRC) 95% Tech Exmore QCG Quanta Quanta Quanta QCH Inc. Quanta Chain Services Computer Manufac- Service Computer Development Holding a Nevada Ltd. GMBH turing Inc. (Hong Kong) Ltd. Inc. USA, Inc. Corp. Ltd. Tech Chain Exmore (Hong Services Quanta Quanta Quanta QCH Holding Manufact- Service Computer Nashville Kong) (Hong uring Nashville Nashville LLC Ltd. Kong) Ltd. Nashville LLC LLC 50% LLC Standard Changshu Zhan Yun Zhan Yun Gem-Tech (Shanghai) Zhan Yun (Shanghai) (Shanghai) (Chongqing) Electronics Electronics Precision Energy Electronics Mold Co., Co., Ltd. Co., Ltd. Co., Ltd Co., Ltd Ltd. Tech-Front Tech-Com Tech-Lead Tech-Giant Tech-Trend Tech-Wave Tech-Wave Kenseisha (ShangHai) (ShangHai) (ShangHai) (ShangHai) (ShangHai) (Shanghai) (Chongqing) Shanghai Computer Computer Computer Computer Computer Logistics Logistics P.M.P. Ltd. Ltd. Ltd. Ltd. Ltd. Co., Ltd. Co., Ltd. Co., Ltd. CloudTech Tech-Front Tech-Full CloudTech (Chongqing) Computer （Beijing） (Chongqing) Computer (Changshu) Technology Technology Co., Ltd. Co., Ltd. Co., Ltd. Co., Ltd. * Note: ownership is 100% unless otherwise specified WorldReginfo - 4c253b32-c813-49eb-99f6-4937438e8299 Chart 2 Quanta Storage Inc. Quanta Storage Quanta Storage Investment Inc. International Ltd. Techman Robot Inc. (Note 2) Quanta Storage E-Forward Quanta Storage (BVI）Ltd. Technology Ltd. Holding Ltd. Quanta Storage Quanta Storage Asia Ltd. America, Inc. (Note 1) Quanta Storage Techman Techman Electronics Asia Holding (Hong Kong) Ltd. (Hong Kong) Ltd. Ltd. Quanta Storage Techman Electronics (Shanghai), Ltd. (Changshu), Ltd. * Note 1: Quanta Storage America Inc. filed for brankcruptcy and received approval on June 22, 2015 * Note 2: Techman Inc. registered for name change to Techman Robot Inc. and received approval on March 11, 2016 * Note 3: Ownership is 100% unless otherwise specified WorldReginfo - 4c253b32-c813-49eb-99f6-4937438e8299 (English Translation of Financial Report Originally Issued In Chinese) Independent Auditors' Report The Board of Directors of Quanta Computer Inc.： We have audited the accompanying parent company only balance sheets of Quanta Computer Inc. as of December 31, 2015 and 2014, and the parent company only statements of comprehensive income, changes in stockholders' equity, and cash flows for the years ended December 31, 2015 and 2014. The Company' s management is responsible for the preparation and presentation of the parent company only financial statements. Our responsibility is to issue a report on these financial statements based on our audits. We conducted our audits in accordance with the "Rules Governing the Audit of Financial Statements by Certified Public Accountants" and auditing standards generally accepted in the Republic of China. Those rules and standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall
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