本研究以台灣無人機產業為核心探討對象，聚焦於財務健全性與永續治理(Environmental， social， and governance， ESG)實踐之整合分析。隨著無人機成為國防自主與科技創新的重要戰略產業，企業如何兼顧財務績效與永續發展，成為評估其長期競爭力的關鍵議題。過去相關研究多著重於技術應用與政策推動，對企業層面的財務體質與ESG實踐關聯性探討相對不足，顯示此議題具實務與學術雙重價值。 本研究以台灣五家具代表性的無人機相關企業為研究對象，包含雷虎科技、中光電、長榮航太、邑錡科技與隴華電子。透過財務五力分析（收益力、安定力、活動力、成長力與生產力），檢視企業於2022至2025年間之財務表現，並以ESG實踐內容之質性比較，呈現財務與永續發展之整體脈絡。研究結果顯示，大型企業於治理制度與資訊揭露表現較為成熟，而中小企業則偏重技術創新與法規遵循，顯示企業規模與ESG推動成熟度存在正向關聯。 綜合而言，財務穩健與永續治理並行是台灣無人機產業長期競爭力的關鍵。本研究結果可作為未來政府政策設計、企業永續策略與投資決策之重要參考依據。;This study focuses on Taiwan’s drone industry and examines the integration of financial soundness and sustainable governance (ESG) practices. As drones have become a strategic industry for national defense autonomy and technological innovation， understanding how enterprises balance financial performance with sustainable development is critical for evaluating their long-term competitiveness. While previous studies have primarily focused on technological applications and policy promotion， few have investigated the relationship between corporate financial conditions and ESG implementation， highlighting the practical and academic relevance of this research. The study analyzes five representative drone-related companies in Taiwan—Thunder Tiger Corporation， Coretronic Corporation， Evergreen Aviation Technologies Corp， Brinno Incorporated， and LUNG HWA ELECTRONICS CO. LTD.—using data from 2022 to the first half of 2025. The research applies the Financial Five Forces Analysis， which includes profitability， stability， activity， growth， and productivity， to evaluate the financial performance of these companies. In addition， qualitative comparisons of ESG practices are incorporated to provide a comprehensive understanding of how financial management and sustainability efforts interact in the industry. The findings indicate that large enterprises， such as Evergreen Aviation Technologies Corp， demonstrate mature governance mechanisms， high financial stability， and transparent information disclosure， whereas small and medium-sized firms tend to focus on technological innovation and regulatory compliance， resulting in more variable financial performance. Notably， differences in growth patterns， operational efficiency， and risk management reflect a two-tiered industry structure where financial soundness and ESG maturity are positively correlated with firm size. Overall， the study concludes that maintaining both robust financial health and effective ESG practices is essential for enhancing the long-term competitiveness of Taiwan’s drone industry. The results provide valuable insights for policymakers， corporate decision-makers， and investors in formulating sustainable development strategies and investment evaluations.
