䇷࡮⹊ガᣛ઀ Ჰ㜳ᇬቻ㺂ѐщ从⹊ガᣛ઀ Ჰ㜳ᇬቻު䎭θॹӵᐸ൰ᔶ੥ 㺂ѐ⹊ガ2013 ᒪ 12 ᴾ 9 ᰛ ᕰӄཝᐸδ俌⅗ε ᣋ䍺㾷⛯ ᵚ㢮ˈᮠॳӯ㓗࡛ᐲ൪ᢃᔰDŽᲪ㜭ᇦት⏥ⴆᲪភᇦᓝ઼Ცភ⽮ ѣؗ䇷࡮⹊ガ䜞ޤᲪ㜭ᇦትᯩ 5 Ჰ ४єњቲ⅑ˈᰒᱟᇎ⧠Ცភ෾ᐲⲴᗞ㿲㢲⛩ˈҏᱟӂ㚄㖁㓸ㄟ䗩⭼⭡ PCǃ 㜳 ᡻ᵪᢙኅ㠣ᇦᓝⲴ䖭փDŽᲪ㜭ᇦትᐲ൪▌࣋ᐘབྷˈਟ䗮ᮠॳӯ㓗࡛ˈѫ㾱व 㜗䳻ѳ ਜ਼˖˄1˅Ც㜭ᇦትⲴᯠᔪᡆ᭩䙐ᐕ〻䴰≲ˈ2012 ᒤ㿴⁑ӵ㓖 70 ӯݳˈ䲿Ც ᇬ ⭥䈍˖021-68766862 㜭ᇦትੁᆈ䟿տᆵ⑇䘿㠣 2020 ᒤ㿴⁑ᴹᵋ䗮 1000 ӯݳ˗˄2˅⴨ᖃҾ㓖 6000 ቻ 䛞Ԧ˖[email protected] 㺂 ӯݳᐲ൪Ⲵᇦ⭥઼➗᰾⭥ಘᆈ൘Ც㜭ॆॷ㓗オ䰤DŽ˄3˅ത㔅Ც㜭ᇦትⲴᯠර ѐ ᴽ࣑⁑ᔿᴹᵋ㑱㦓ˈሩᓄᐲ൪ᇩ䟿ᴰ儈ਟ䗮 2000̚4000 ӯݳDŽ ᢗъ䇱Җ㕆ਧ˖S1010510120019 5 1 ӗ૱ᴽ࣑ࡋᯠ᳇⍱⎼ࣘˈ᫜ࣘᆈ䟿տᆵᐲ൪DŽ˄ ˅ӗ૱ᯩṸ⭡㌫㔏䀓ߣᯩ 䱤⧤ԋ ṸѪѫ䗷⑑ࡠ䀓ߣᯩṸ+অ૱ᒦ䟽ˈ䘲ᓄ B2C ᐲ൪䴰≲˗˄2˅䶒ሩӗ૱ॾ 㘼нᇎǃ᫽֌༽ᵲⲴ㕪䲧ˈᲪ㜭ᇦትᯠ૱ቍ䈅൘ཆ㿲ко㢪ᵟ૱㔃ਸǃ൘ ⭥䈍˖021-68761842 ᓧᣔ 䛞Ԧ˖[email protected]ڕ᱃⭘ᙗкᕪ䈳ᴰ㓸䎠ੁӪᐕᲪ㜭ǃ൘࣏㜭кਁᧈ㜭Ⓚ㇑⨶ǃᆹ䱢ǃ ⨶ǃᮉ㛢ㅹˈ㋮߶ᢃࠫ䴰≲Ⰻ⛩˗˄3˅ᶱ䐟⭡ǃሿ㊣ǃⲮᓖㅹӂ㚄㖁Աъ ᢗъ䇱Җ㕆ਧ˖S1010512080009 ⺜ਓˈُࣙӂ㚄㖁㩕䬰⢩㢢઼Āޕ㓧㓧䘋ߋᲪ㜭䐟⭡ಘᣒঐᲪ㜭ᇦት⍱䟿 Ԧ+䖟Ԧ+⭏ᘱസāⲴᢃ⌅ˈӂ㚄㖁Աъ䶙ᯠ୶ъ⁑ᔿᡆ٬ᗇᵏᖵDŽ ᨣ࣑ 5 йབྷ⢙㚄ᢰᵟ਴ᴹՈ࣓ˈᐲ൪ሶᱟỰ傼ᢰᵟ઼ḷ߶Ⲵߣᇊഐ㍐DŽᲪ㜭ᇦት⢙ ⭥䈍˖021-68768073 㚄ᢰᵟਟᖂѪᙫ㓯ǃᰐ㓯઼⭥࣋㓯䖭⌒ᢰᵟй⿽DŽަѝᙫ㓯ᢰᵟਟ䶐ᙗ儈ǃ 䛞Ԧ˖[email protected] 䘲⭘䶒〟བྷˈᴤ䘲ਸҾᯠ㻵࡛ີǃ儈ẓ䞂ᓇ઼߉ᆇᾬ˗ᰐ㓯઼⭥࣋䖭⌒ᢰᵟ ᡀᵜվǃᆹ㻵ㆰׯǃᢙݵᙗྭˈᴤ䘲ਸҾᲞ䙊տᆵDŽⴞࡽᡁഭᲪ㜭ᇦት亶ฏ ᢗъ䇱Җ㕆ਧ˖S1010511030001 ᆈ൘єњ᧘㦀ᙗ⢙㚄ḷ߶ E ᇦ઼֣䰚㚄ˈ࠶࡛⭡⎧ቄ઼㚄ᜣѫሬDŽᵚᶕн਼ 䠇᱕ Ⲵᢰᵟоḷ߶ਟެᇩਁኅˈᐲ൪㚊❖࣋ሶᱟḷ߶㜌ࠪⲴߣᇊഐ㍐DŽ 5 ѝᵏⴻ㌫㔏䳶ᡀ୶ǃ䮯ᵏⴻᴽ࣑୶ˈ䴦䜘ԦԱъᴹᕩᙗDŽӗъ䬮Ⲵ㑱㦓ᴹ䎆 ⭥䈍˖021-68765626 Ҿ⎸䍩ޤ䎧ˈ㘼ᖃࡽ⎸䍩փ傼Ⲵᨀॷ⧟㢲൘㌫㔏䳶ᡀDŽ㌫㔏䳶ᡀ୶ᱟѝѝᵏ޵ 䛞Ԧ˖[email protected] ᴰᴹԧ٬Ⲵӗъ䬮৲оᯩˈާ༷ B2B/B2C ⑐䚃᧘ᒯՈ઼࣯䍴Ⓚᮤਸ㜭࣋Ո ᢗъ䇱Җ㕆ਧ˖S1010512100002 ަˈ䮯䮯㓯ԧ٬༷ާˈޕਨঐᦞݸᵪ˗ᴽ࣑ᨀ׋୶ᵚᶕᴹᵋᇎ⧠ਾㄟ᭦ޜ࣯Ⲵ ᡀ࣏ⲴṨᗳᱟሩᴽ઼࣑୶ъ⁑ᔿⲴࡋᯠDŽ䴦䜘Ԧ୶ާ༷ᕩᕩᙗˈᣅ䍴ѫ㓯䚥ᗚ ཅཟ Ც㜭ᇦትӗ૱йᗵ༷኎ᙗ˖ਟᝏ⸕ᙗ˄ሩᓄ਴㊫ՐᝏಘǃӪᵪӔӂ䇮༷˅ǃਟ ⭥䈍˖021-68766978 㚄㖁ᙗ˄ሩᓄ਴㊫䙊ؑ㓴Ԧ˅ԕ৺Ც㜭ᙗ˄ሩᓄӪᐕᲪ㜭ǃӁ䇑㇇ㅹ˅DŽ 䛞Ԧ˖[email protected] 5 仾䲙ഐ㍐˖ൠӗઘᵏབྷᑵл㹼˗ӗ૱ࡋᯠធ˗⁑ᔿнᡀ⟏㘼ԧṬㄎҹ◰⛸DŽ ᢗъ䇱Җ㕆ਧ˖S1010512080001 5 ᣅ䍴ㆆ⮕˖ӗъ䬮ޡ᤮Ც㜭ᇦት㯚⚛ˈӗ૱ᴽ࣑ࡋᯠቲࠪнェˈᵚᶕࠐᒤ ᐲ൪▌࣋ᴹᵋнᯝ㻛◰ਁˈ俆⅑㔉Ҹ㹼ъĀᕪҾབྷᐲāⲴ䇴㓗DŽᣅ䍴ѫ㓯 䱾ࢇ а˖ᖃᵏᴰⴻྭ㌫㔏䳶ᡀ୶ˈवᤜᇦ⭥亶ฏⲴ䶂䶂ዋ⎧ቄˈᆹ䱢亶ฏⲴᆹᆹት Ც㜭ᇦትⲴ伎伎࡙ؑԕ৺⭡⭥࣋䖭⌒㣟⡷亶 ⭥䈍˖010-60838585ޕᇍˈ⭡Ც㜭Պ䇞઼Ც㜭ᔪㆁ࠷ ฏੁ䳶ᡀ୶ᤃኅⲴьь䖟䖭⌒ㅹˈ䗮䗮ᇎᲪ㜭֌Ѫ亩ⴞᯭᐕᯩҏሶਇ⳺ˈഋഋᐍ 䛞Ԧ˖[email protected] 䮯㲩ⲴᲪ㜭ᇦትᐳተ㫴࣯ᖵਁ˗ѫ㓯ҼⴻྭᲪ㜭ᇦትᑖᶕᕩᙗⲴ䴦䜘Ԧ ᢗъ䇱Җ㕆ਧ˖S1010512120001 ୶ˈवᤜᲪ㜭䈝丣᫽᧗䖟⺜ԦⲴ、、བྷ䇟伎ǃ≄փՐᝏಘ嗉ཤ≹≹ေ⭥ᆀԕ৺ ൘ᴽ࣑ᨀ׋୶ ⧁⾛哈▌⌘ޣ˗ᨀ׋Ც㜭ᇦት᧗ࡦѝ᷒䇮༷Ⲵ䐟⭡ಘ嗉ཤᱏᱏ㖁䭀ᦧ Ც㜭ᇦትᴽ࣑亶ฏⲴᦧᦧᡀ㛑ԭǃ਼਼⍢⭥ ⭥䈍˖021-68762297ޕ䳿ᖒˈवᤜ䈻ࡂُࣙᒯ⭥⑐䚃䘋 ᆀˈᐢ⎹䏣ᇦᓝ㿶ੜၡҀⲴӂ㚄㖁ԱъҀҀ㿶㖁ǃⲮ㿶䙊ㅹDŽ 䛞Ԧ˖[email protected] ਀ᣋ䍺䇺㓝 ᢗъ䇱Җ㕆ਧ˖S1010513080001ٲਮ⳾࡟人⎁Ƚզޢ䠃⛯ εك㛗ԭ EPSδݹε PEδ ㆶ〦 PB 䇺㓝 㚊㌱Ӱφ䱩ిి δݹε 2013E 2014E 2015E 2013E 2014E 2015E 䶂ዋ⎧ቄ 17.22 1.50 1.65 1.98 11 10 9 3.41 Ҡޕ ⭥䈍˖010-60836758 ᆹትᇍ 23.80 0.60 0.80 1.14 40 30 21 4.06 Ҡޕ 䛞Ԧ˖[email protected] ь䖟䖭⌒ 37.18 1.30 1.80 2.28 29 21 16 5.13 Ҡޕ 㚊㌱Ӱφ⧁⎟ߦ ޕ伎࡙ؑ 31.19 0.77 1.30 1.71 41 24 18 7.73 Ҡ 䗮ᇎᲪ㜭 18.95 0.48 0.69 0.97 39 27 20 5.32 Ҡޕ ⭥䈍˖010-60836760 、བྷ䇟伎 46.78 0.62 1.16 1.97 75 40 24 6.93 Ҡޕ ᱏ㖁䭀ᦧ 19.17 0.71 0.92 1.17 27 21 16 3.56 Ҡޕ 䛞Ԧ˖[email protected] ᦧᡀ㛑ԭ 44.00 0.85 1.60 2.05 52 28 21 8.38 Ҡޕ ≹ေ⭥ᆀ 17.59 0.30 0.37 0.45 59 48 39 3.32 Ჲᰐ 䍴ᯉᶕⓀ˖Windˈѝؑ䇱ࡨ⹄ウ䜘亴⍻ ⌘˖㛑ԧѪ 2013 ᒤ 11 ᴸ 29 ᰕ᭦ⴈԧˈ≹ေ⭥ᆀѪ Wind а㠤亴⍻ 䈧࣑ᗵ䰵䈫↓᮷ѻਾⲴݽ䍓ᶑⅮ䜘࠶ Ჰ㜳ᇬቻ㺂ѐщ从⹊ガᣛ઀ ⴤᖋ ᣋ䍺㚐❜ ............................................................................................................................... 1 Ჰ㜳ᇬቻⲺࢃьԀ⭕ ............................................................................................................. 2 Ც㜭ᇦት⏥ⴆᲪភᇦᓝ઼Ცភ⽮४єњቲ⅑ ........................................................................ 2 Ც㜭ᇦትⲴਁኅশ〻઼⧠⣦ ................................................................................................. 3 Ც㜭ᇦት൘儈ㄟᾬⴈᓄ⭘Ṹֻ ............................................................................................. 4 Ჰ㜳ᇬቻᯯުᵠ㢴θࢃᲥ䘒ཝ .............................................................................................. 5 Ც㜭ᇦትᱟഭᇦ઼ൠᯩ᭯ㆆᢦᤱᯩੁ................................................................................... 5 Ც㜭ᇦትྲօ↕ޕራᑨⲮဃᇦ˛ .......................................................................................... 6 Ც㜭ᇦትᴹᵋᯠ໎ᮠॳӯ㓗࡛ᐲ൪オ䰤 ............................................................................... 9 Ჰ㜳ᇬቻᢶᵥфḽ߼Ⲻ⧦⣬ф䏁ࣵ ..................................................................................... 10 ᙫ㓯ǃᰐ㓯઼⭥࣋䖭⌒йབྷ䙊䇟ᢰᵟᒦᆈ .......................................................................... 11 н਼䙊䇟ᢰᵟ਴ᴹՈǃ࣓࣯ˈᴽ࣑н਼ቲ⅑ᐲ൪ .............................................................. 14 ᢰᵟḷ߶ਁኅ䎻࣯˖ㄎҹо㶽ਸᒦᆈˈᐲ൪Ự傼᡽ᱟ㠤㜌ޣ䭞 ......................................... 16 Ჰ㜳ᇬቻӝѐ䬴ᣋ䍺䙱䗇.................................................................................................... 16 བྷᐲ൪ ...................................................................... 16ڊӗъ䬮৲䬮ᶑ䮯ˈ䳶ᡀ୶ӂ⴨⑇䘿 ѝᵏⴻ㌫㔏䳶ᡀ୶ˈ䮯ᵏⴻᴽ࣑୶ˈ䴦䜘ԦԱъᡆᴹᕩᙗ ................................................ 17 仾䲙ഐ㍐ ............................................................................................................................ 20 ᣋ䍺ㆌ⮛фޢਮ᧞㦆 ........................................................................................................... 20 ᣅ䍴ㆆ⮕ ............................................................................................................................ 20 ޜਨ᧘㦀——㌫㔏䳶ᡀ୶ ................................................................................................... 21 ޜਨ᧘㦀——亩ⴞᯭᐕ୶ ................................................................................................... 25 ޜਨ᧘㦀——䴦䜘Ԧ୶ ...................................................................................................... 26 ޜਨ᧘㦀——ᴽ࣑୶ .......................................................................................................... 29 䱺ᖋ .................................................................................................................................... 30 䈧࣑ᗵ䰵䈫↓᮷ѻਾⲴݽ䍓ᶑⅮ䜘࠶ Ჰ㜳ᇬቻ㺂ѐщ从⹊ガᣛ઀ ᨈഴⴤᖋ മ 1˖สҾ Echelon ޜਨ Lon ᙫ㓯ᢰᵟⲴᲪ㜭ᇦት㌫㔏 ..................................................... 2 മ 2˖Ცភ෾ᐲޘᲟമ ......................................................................................................... 3 മ 3˖ᡯൠӗ୶ሩᲪ㜭ᇦትӗ૱䴰≲㔃ᶴ ............................................................................ 4 മ 4˖њӪ⎸䍩㘵ሩᲪ㜭ᇦትӗ૱䴰≲㔃ᶴ ........................................................................ 4 മ 5˖ᡁഭᆓᓖᲪ㜭᡻ᵪ䬰䟿 .............................................................................................. 6 മ 6˖ᡁഭᲪ㜭⭥㿶䴦୞䟿⑇䘿⦷ ....................................................................................... 6 ᐲ୶૱ᡯ㋮㻵؞⦷нᯝᨀॷ ...................................................... 7ޕമ 7˖ഭ޵བྷѝර෾ᐲᯠ മ 8˖Nest Ⲵᚂ⑙᧒⍻ಘ .................................................................................................... 7 മ 9˖Wemo Ც㜭ᨂᓗ㌫ࡇ ................................................................................................. 7 മ 10˖➺⥛㇑ᇦⲴᲪ㜭䐟⭡ಘ ............................................................................................ 8 മ 11˖Ცភ䉧ⲴᲪភ⬦㿶仁ⴁ᧗ӗ૱.................................................................................. 8 മ 12˖㧧ᗇॳз㖾ݳ㓗㶽䍴Ⲵᶱ䐟⭡ ................................................................................. 9 മ 13˖ሿ㊣᧘ࠪ亦䝽䐟⭡ಘ ................................................................................................ 9 മ 14˖2012 ᒤᡁഭᇦ⭥৺➗᰾⭥ಘᐲ൪ՠ䇑 ................................................................... 10 മ 15˖ޘ⨳ᇦᓝ䇮༷ѝ㚄㖁䇮༷Ⲵ⑇䘿⦷ ........................................................................ 10 മ 16˖Ცភᇦᓝ/⽮४Ⲵࡋᯠᴽ࣑⁑ᔿ઼୶ъ⁑ᔿ ............................................................ 10 മ 17˖Ც㜭ᇦትᙫ㓯ᢰᵟ㌫㔏മ ....................................................................................... 11 മ 18˖Ც㜭ᇦትᰐ㓯ᢰᵟ㌫㔏മ ...................................................................................... 12 മ 19˖Ც㜭ᇦት⭥࣋㓯䖭⌒ᢰᵟ㌫㔏മ ............................................................................ 13 മ 20˖йབྷ㊫ᢰᵟ࠶࡛ᴽ࣑н਼ቲ⅑ᐲ൪ ........................................................................ 15 മ 21˖Ც㜭ᇦትӗъ䬮ᾲ㿸 .............................................................................................. 17 മ 22˖Ც㜭ᇦትӗъ䬮ਇ⳺䐟ᖴ ...................................................................................... 20 䈧࣑ᗵ䰵䈫↓᮷ѻਾⲴݽ䍓ᶑⅮ䜘࠶ Ჰ㜳ᇬቻ㺂ѐщ从⹊ガᣛ઀ 㺞Ṳⴤᖋ 㺘 1˖Ც㜭ᇦትӗ૱࠶㊫ ..................................................................................................... 3 㺘 2˖Ც㜭ᇦትⲴ╄䘋䗷〻 .................................................................................................. 3 㺘 3˖䶂ዋ⎧ቄ䜘࠶Ცភᇦᓝ亩ⴞᇎᯭᛵߥ ........................................................................ 5 㺘 4˖ഭᇦሩҾᲪ㜭ᇦትᔪ䇮Ⲵ᭟ᤱ᭯ㆆ ............................................................................ 5 㺘 5˖ѫ㾱෾ᐲᲪភ⽮४ਁኅ⧠⣦৺㿴ࡂ ............................................................................ 6 㺘 6˖Ӿ䴰≲䀂ᓖⴻᲪ㜭ᇦትӗ૱࣏㜭ࡋᯠ⛩ ..................................................................... 8 㺘 7˖Ც㜭ᇦትᐕ〻ᐲ൪㿴⁑⍻㇇ ....................................................................................... 9 㺘 8˖ѫ⍱ᰐ㓯ᢰᵟሩ∄ ................................................................................................... 13 㺘 9˖ѫ⍱⭥࣋㓯䖭⌒ᢰᵟሩ∄......................................................................................... 14 㺘 10˖й㊫Ც㜭ᇦትᢰᵟՈ࣓࣯∄䖳 ............................................................................... 15 㺘 11˖E ᇦ઼֣䰚㚄ḷ߶∄䖳 ........................................................................................... 16 㺘 12˖Ც㜭ᇦትӗъ䬮৲оᯩ .......................................................................................... 17 㺘 13˖Ც㜭ᇦትк⑨䴦䜘Ԧ׋ᓄ୶ ................................................................................... 18 㺘 14˖䟽⛩㾶ⴆޜਨ⳸࡙亴⍻઼䇴㓗 ............................................................................... 20 㺘 15˖䶂ዋ⎧ቄ⳸࡙亴⍻оՠ٬㺘 ................................................................................... 21 㺘 16˖ᆹትᇍ⳸࡙亴⍻оՠ٬㺘 ...................................................................................... 22 㺘 17˖ь䖟䖭⌒⳸࡙亴⍻оՠ٬㺘 ................................................................................... 23 㺘 18˖伎࡙ؑ⳸࡙亴⍻оՠ٬㺘 ...................................................................................... 24 㺘 19˖䗮ᇎᲪ㜭⳸࡙亴⍻оՠ٬㺘 ................................................................................... 25 㺘 20˖、བྷ䇟伎⳸࡙亴⍻оՠ٬㺘 ..................................................................................