Cayman Engley — Interim / Quarterly Report 2021

Oct 27, 2021

Best Partner of Automobile Industry, Stock Code：2239

Changchun Engley automobile industry Co.,Ltd

Changchun Engley automobile industry Co.,Ltd

目錄

1. 公司簡介 Company Profile

Contents

2. 營運概況 Management Overview

3. 未來展望 Future Prospect

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公司簡介

• ●公司基本資料 C o m p a n y P r o f i l e

●公司沿革 C o m p a n y H i s t o r y

• C o m p a n y P r o f i l e ●產品應用 P r o d u c t A p p l i c a t i o n

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公司基本資料 Company Profile

公司名稱 開曼英利工業股份有限公司 Company Cayman Engley Industrial Co., Ltd.

董事長 林啟彬 Chairman Chi-Pin Lin

創立時間 2015年01月16日 Set-up Time 16th, Jan, 2015

公司總部 吉林省長春市高新區順達路888號 Headquarter NO.888, Shunda Rd, High-tech Area, Changchun, Jilin Province, P. R. China

員工總人數 4197人（截止至2021年第二季） Staff number 4197（Till 2021Q2）

行業別 汽車工業 Industry Automobile industry

主營業務 金屬汽車零組件、非金屬汽車零組件、模具及其他 Business Development and manufacturing of metallic and non-metallic automobile part, mold manufacturing and other services

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公司沿革 Company History

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添加標題
Moved to Changchun; Established Yizheng and Established Cayman 1. Listed on Taiwan Stock Exchange
expanded the Liaoning Engley；Signed Established Linde+ Engley in Cayman in Jan, 27 [th] . Changchun Engley listed on
business with automobile BIW Established Suzhou Engley cooperation agreement with Linde+Wiemann Engley(Tianjin) and Lightweight Islands, and Suzhou Engley - Kunshan 2.Established Tsingtao Engley3.Established Taiwan Engley4.Established Samoa Engley Shanghai Stock Exchange in Apr, 15 [th] .
stamping parts (Germany) Branch 5.Acquired Ningbo Maoxiang
Material Co., Ltd and Taizhou Maoqi
Metal Co., Ltd.
1991 2001 2006 2008 2009 2011 2012 2013 2014 2015 2016 2017 2021
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Found in Harbin; 添加標題 Focused on vehicle seat belt production

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Established Changchun Chengtai (Today’s Changchun Engley)

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Established Foshan and Established Chengdu 添加標題 Tianjin Engley, and Linde+ 添加標題 Engley; Established JVEngley (Changchun) Constellium Engley

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Establish JV- Honley (CECK) and Changsha 添加標題 Engley

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1.Established Dutch Englet 2.Acquired Kranendonk Beheersmaaschappij B.V. 3.Acquired 20% shares of Zhejiang Sanse Mold Technology Co., Ltd

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股權架構 Shareholding Structure

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100% 開曼英利工業股份有限公司
英利工業有限公司(台灣)
Cayman Engley Industrial. Co.,Ltd
86.91%
80%
長春英利汽車工業股份有限公司(中國)
英利控股有限公司
(薩摩亞)
100% 100% 100% 100% 100% 100% 100% 51% 54% 54% 20% 23% 36.64% 39.5% 60.5%
長春英 寧波英 遼寧英 長沙英 長春萊 青島英 成都英 寧波茂 林德英 林德英 成都友 吉林進 宏利汽 Engley Precision
利汽車 利汽車 利汽車 利汽車 特維科 利汽車 利汽車 祥金屬 利(天津 利(長春 利汽車 利汽車 車部件 Industry B.V.(荷蘭)
部件有 工業有 部件有 部件有 技有限 部件有 部件有 有限公 )汽車部 )汽車部 部件有 部件有 股份有
限公司 限公司( 限公司( 限公司( 公司 限公司( 限公司( 司 件有限 件有限 限公司 限公司 限公司( 100%
(中國) 中國) 中國) 中國) (中國) 中國) 中國) (中國) 公司(中 公司(中 (中國) (中國) 台灣)
國) 國) Kranendonk
Beheersmaatschappij
B.V.(荷蘭)
46% 100% 20% 81%
100% 90% 98.8% 99.5%
CECK Holdings
肯聯英 蘇州英 儀徵英 佛山英 天津英 台州茂 浙江杉 Co.,Limited(香港)
利(長春 利汽車 利汽車 利汽車 利模具 齊金屬 盛模塑
)汽車結 部件有 部件有 部件有 製造有 有限公 科技有 55% 83.94% 16.06%
構有限 限公司( 限公司( 限公司( 限公司( 司 限公司(
公司 中國) 中國) 中國) 中國) (中國) 中國) 重慶中 長春崨
(中國) 利凱瑞 科汽車
汽車部 部件有
件有限 限公司
公司 (中國)
(中國)
10% 1.2% 0.5%
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公司分布 Company Layout
全資公司(13) Subsidiaries(13)
2001年長春英利汽車工業股份有限公司(總部）
辦事處(1) Business offices(1)
吉林
2001年長春英利汽車部件有限公司
2013年長春萊特維科技有限公司
遼寧
天津
2012年天津英利模具制造有限公司
河北
山西 2016年青島英利汽車部件有限公司
山東
2017年蘇州英利汽車部件有限公司鄭州分公司
2011年儀征英利汽車部件有限公司
河南
陝西
2016年成都英利汽車部件有限公司寶雞分公司 江蘇
2008年蘇州英利汽車部件有限公司
安徽
四川 湖北
2016年寧波英利汽车工業有限公司
2009年成都英利汽車部件有限公司
浙江
重慶
湖南
江西
2014年長沙英利汽車部件有限公司
貴州
福建
2015年开曼英利
廣西
台灣
2012年佛山英利汽車部件有限公司 廣東
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公司分布 Company Layout

合資公司(9) Joint Ventures(9) 2009年肯聯英利(長春)汽車結構有限公司 吉林 2012年林德英利(長春)汽車部件有限公司 2014年長春崨科汽車部件有限公司 遼寧 2013年林德英利(天津)汽車部件有限公司 天津 河北 山西 山東 陝西 河南 江蘇 安徽 四川 湖北 2016年寧波茂祥金属有限公司 2016年重慶中利凯瑞汽車部件有限公司 浙江 重慶 2016年林德英利(重慶)汽車部件有限公司 2016年台州茂齊金属有限公司 湖南 江西 貴州 福建 台灣 2014年台灣宏利

廣東

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廣西
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-
產品應用 金屬產品 Metal Products
B/S Reinforcement
B Pillar
Plate Welding Assembly
CCB/ Cross Car Beam B柱
車身側圍總成 Rear Panel
儀錶板骨架
後靠板
Rear Bumper
Dashboard Welding
後保險槓
Assembly
車身前圍總成
Front Bumper
前保險槓
Door Sill Battery Cover Spare Wheel Pan
門檻 電池下殼體 備胎倉
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- 電動車應用 電池殼體 Battery Cover

Battery Cover is locate on the bottom of the new energy car battery, to protect battery avoid damage when collision happened. The traditional battery cover using steel and aluminum, currently, Battery cover material consist by Fiberglass compound, SMC, Carbon fiber compound material, having much choice of the lightweight material.

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上殼體 下殼體
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Engley Strengths Point

Sales Development

1. Capable of new product design and CAE virtual design

2. Steel and Aluminum lightweight production process techology

3. AL Alloy and new compound type material lightweight

• production technology

4. Comprehensive production process including Injection molding,

1. Items in shipping including the battery cover of FAW-VW BEV,Volvo BEV

2. Active in sales promote, like 安新能源、吉利新能源、比 亚迪新能源、广汽新能源、奇瑞新能源、北汽新能源，及新 势力小鹏、威马、奇点、正道、领跑科技、蔚来。

compound type material stamping, metallic stamping

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- 產品應用 非金屬產品 Non-Metallic Products

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Door Baseboard
門基板 Wheel Arch Liner
Front End Module 輪罩
前端框架
Spare Wheel Pan
備胎倉
Front Lock Plate
前鎖板
Battery Cover
Underbody Cover Battery Tray 電池上殼體
底護板 蓄電池托盤
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產品別銷售佔比 Sales Ratio of Product Items

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2020

2021.Q1-Q2

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車身沖壓件 10.14%
16.10%
1.25%
Stamping Parts
底護板
Underbody Cover 14.06%
13.22% 前端框架類
Front End Module
儀錶板骨架
42.15% CCB
10.18% 44.08%
8.73% 車身安全件
Safety Parts
電池蓋
8.91%
8.38% Battery Cover
其他
11.42% Others 11.12%
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材料別銷售佔比 Sales Ratio of Material Category

Metal 金屬件 Non-Metallic 非金屬件 Tooling & Others 模具及其他 Total 合計	*NTD in Thousand	*NTD in Thousand	*NTD in Thousand	*NTD in Thousand	*NTD in Thousand	*NTD in Thousand	*NTD in Thousand	*NTD in Thousand	*NTD in Thousand
	2019			2020			2021.Q1-Q2
	Turnover 營業額	Proportion 營業比重	Gross Margin 毛利率	Turnover 營業額	Proportion 營業比重	Gross Margin 毛利率	Turnover 營業額	Proportion 營業比重	Gross Margin 毛利率
	13,555,918	60.95%	8.65%	14,252,498	65.85%	13.30%	6,932,685	70.28%	11.45%
	5,432,247	24.43%	25.88%	5,165,490	23.87%	19.60%	2,424,733	24.58%	17.22%
	3,251,708	14.62%	35.84%	2,226,164	10.28%	24.64%	506,548	5.14%	27.96%
	22,239,873	100.00%	16.84%	21,644,152	100.00%	15.97%	9,863,966	100.00%	13.72%

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24.58% 5.14%
金屬件 車身沖壓件、儀錶板骨架及車身安全件等
非金屬件 底護板、前端框架類、輪罩、備胎倉、電瓶托盤及門板等
70.28%
模具及其他 模具設計、製造及相關技術諮詢服務等
Changchun Engley automobile industry Co.,Ltd
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營運概況

●客戶及銷售 C u s t o m e r s a n d S a l e s O v e r v i e w

●財務摘要 F i n a n c i a l O v e r v i e w

M a n a g e m e n t O v e r v i e w

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主要客戶 Our Customers

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我們以成熟的製造經驗和卓越的產品開發能力，為各大整車製造企業
提供汽車結構件的設計、開發、製造和售後服務。
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客戶別銷售佔比 Sales Ratio of Customers

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2015
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2019

2020

2021.Q1-Q2

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2.74% 1.11% [0.39%] 1.75%
1.05% 0.90%
1.34% 1.27%
3.46%
1.00%
1.61%
1.37% 12.92% 2.12% 8.36% 1.55% 8.28%
1.80%
6.05% 1.96% 2.64%
1.95%
2.07%
9.79% 5.48% 5.62% 40.58%
46.18% 43.75% 5.51%
4.12%
8.66%
7.44%
3.88%
74.71%
23.09%
25.29% 28.21%
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一汽大眾 一汽 华晨寶馬 長城汽車 廣汽 上汽大眾 沃尔沃&領克 長安福特 华晨汽車 上海汽車 北京奔馳 吉利汽車 長安汽車 上汽通用 其他

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品牌別銷售佔比 Sales Ratio of Brand Types

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2020 2021.Q1-Q2
34%
28%
57%
52%
14% 15%
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High-end brand Joint-venture brand Self-owned brand

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High-end brand Joint-venture brand Self-owned brand

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Financial Overview 財務摘要

Turnover (NTD in million) 營業額(新台幣百萬元) Net Profit (NTD in million) 淨利潤(新台幣百萬元) Gross Margin 毛利率 Receivables Turnover Days 應收帳款周轉天數 Inventories Turnover Days 存貨周轉天數 EPS (NTD) 每股盈餘(新台幣元)	2018 2019 2020 2020Q1-Q2 2021Q1-Q2 21,855 22,240 21,644 8,751 9,864 1,123 644 481 54 211 19.41% 16.84% 15.97% 15.48% 13.72% 83 85 93 101 96 103 106 94 119 99 9.89 5.46 4.07 0.46 1.79	2018 2019 2020 2020Q1-Q2 2021Q1-Q2 21,855 22,240 21,644 8,751 9,864 1,123 644 481 54 211 19.41% 16.84% 15.97% 15.48% 13.72% 83 85 93 101 96 103 106 94 119 99 9.89 5.46 4.07 0.46 1.79	2018 2019 2020 2020Q1-Q2 2021Q1-Q2 21,855 22,240 21,644 8,751 9,864 1,123 644 481 54 211 19.41% 16.84% 15.97% 15.48% 13.72% 83 85 93 101 96 103 106 94 119 99 9.89 5.46 4.07 0.46 1.79	2018 2019 2020 2020Q1-Q2 2021Q1-Q2 21,855 22,240 21,644 8,751 9,864 1,123 644 481 54 211 19.41% 16.84% 15.97% 15.48% 13.72% 83 85 93 101 96 103 106 94 119 99 9.89 5.46 4.07 0.46 1.79	2018 2019 2020 2020Q1-Q2 2021Q1-Q2 21,855 22,240 21,644 8,751 9,864 1,123 644 481 54 211 19.41% 16.84% 15.97% 15.48% 13.72% 83 85 93 101 96 103 106 94 119 99 9.89 5.46 4.07 0.46 1.79
	2018	2019	2020	2020Q1-Q2	2021Q1-Q2
	21,855	22,240	21,644	8,751	9,864
	1,123	644	481	54	211
	19.41%	16.84%	15.97%	15.48%	13.72%
	83	85	93	101	96
	103	106	94	119	99
	9.89	5.46	4.07	0.46	1.79

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營收及毛利率 Turnover and Gross Margin

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(NTD in million)
8000
7000
Gross Margin18.46% 20%
7467 Turnover
18.03%
QoQ+22.4%
6000
YoY+7.6%
15.05%
14.37%
15%
13.18%
5000
5427
5046
Turnover 5429
4000
10%
4435
3000
5%
2000
1000 0%
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費用摘要 Cost (/Turnover)

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Selling Expenses Proportion 銷售費用佔比 Administrative Expenses Proportion 管理費用占比 R&D Expenses Proportion 研發費用佔比 Operation Expenses Proportion 營業費用占比 Depreciation Expenses Proportion 折舊費用占比 Financial Expenses Proportion 財務費用占比	2018 2019 2020 2020Q1-Q2 2021Q1-Q2 2.37% 2.57% 2.18% 2.59% 2.44% 4.61% 4.65% 4.22% 4.53% 4.73% 3.50% 3.06% 3.44% 3.96% 4.11% 10.48% 10.39% 10.11% 11.52% 11.12% 4.06% 5.61% 5.21% 7.21% 7.00% 1,19% 1.47% 1.25% 1.80% 1.06%	2018 2019 2020 2020Q1-Q2 2021Q1-Q2 2.37% 2.57% 2.18% 2.59% 2.44% 4.61% 4.65% 4.22% 4.53% 4.73% 3.50% 3.06% 3.44% 3.96% 4.11% 10.48% 10.39% 10.11% 11.52% 11.12% 4.06% 5.61% 5.21% 7.21% 7.00% 1,19% 1.47% 1.25% 1.80% 1.06%	2018 2019 2020 2020Q1-Q2 2021Q1-Q2 2.37% 2.57% 2.18% 2.59% 2.44% 4.61% 4.65% 4.22% 4.53% 4.73% 3.50% 3.06% 3.44% 3.96% 4.11% 10.48% 10.39% 10.11% 11.52% 11.12% 4.06% 5.61% 5.21% 7.21% 7.00% 1,19% 1.47% 1.25% 1.80% 1.06%	2018 2019 2020 2020Q1-Q2 2021Q1-Q2 2.37% 2.57% 2.18% 2.59% 2.44% 4.61% 4.65% 4.22% 4.53% 4.73% 3.50% 3.06% 3.44% 3.96% 4.11% 10.48% 10.39% 10.11% 11.52% 11.12% 4.06% 5.61% 5.21% 7.21% 7.00% 1,19% 1.47% 1.25% 1.80% 1.06%	2018 2019 2020 2020Q1-Q2 2021Q1-Q2 2.37% 2.57% 2.18% 2.59% 2.44% 4.61% 4.65% 4.22% 4.53% 4.73% 3.50% 3.06% 3.44% 3.96% 4.11% 10.48% 10.39% 10.11% 11.52% 11.12% 4.06% 5.61% 5.21% 7.21% 7.00% 1,19% 1.47% 1.25% 1.80% 1.06%
	2018	2019	2020	2020Q1-Q2	2021Q1-Q2
	2.37%	2.57%	2.18%	2.59%	2.44%
	4.61%	4.65%	4.22%	4.53%	4.73%
	3.50%	3.06%	3.44%	3.96%	4.11%
	10.48%	10.39%	10.11%	11.52%	11.12%
	4.06%	5.61%	5.21%	7.21%	7.00%
	1,19%	1.47%	1.25%	1.80%	1.06%

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資本支出 Capex

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(NTD in million)
2500
2000
1500
2196
2083
1000
1673
1118
500
0
2018 2019 2020 2021Q1-Q2
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研發費用 R&D Cost

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(NTD in million)
250 4.67% 5%
Proportion to Turnover 3.86% 5%
4.09%
200 4%
219 3.65%
3.32%
207
195 198
4%
180
2.93%
150 3%
152
3%
100 2%
R&D Expenses
2%
50 1%
1%
0 0%
2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2
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匯率影響 Exchange Rate Impact

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(NTD in million)

2018 2019 2020 2021	Q1	Q2	Q3	Q4	Exchange Losses 匯兌總(損)益
	28,317	(48,948)	(70,926)	8,060	(83,497)
	54,820	(71,299)	(4,787)	7,696	(13,570)
	8,810	(12,626)	(37,412)	(22,443)	(63,671)
	109,453	26,476	--	--	135,929

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未來展望

●發展重點 D e v e l o p m e n t F o c u s

• ●新能源車佈局 D i s t r i b u t i o n f o r E l e c t r i c V e h i c l e

F u t u r e P r o s p e c t

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發展重點 Development Focus

Cleaner Stronger Lighter Aluminum Alloy structure parts Aluminum Alloy battery cover New compound material battery cover SymaLite & New compound material Hot forming high strength safety parts

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總成件趨勢 Assembly Piece Trend

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B/S Reinforcement Plate Welding Assembly

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Dashboard Welding Assembly

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中國新能源車趨勢 EV Trend in China

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(Qty in Ten Thousand) 2017 2018 2019 2020 2021Jan.-Aug.
160
140 260%
144.9
120
194.9%
114.1
190%
100
95.2 93.8
80
120%
60
55.4
40 70.7%
71.0%
50%
22.9%
20
0 -1.5% -20%
新能源乘用車銷量 成長率
(資料來源:中國乘聯會)
Electric Vehicle Sales Growth Rate (Data from CPCA)
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公司新能源車營收占比 Electric Vehicle Turnover Ratio

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EV Ratio ≒ 1.3% ≒ 4% ≒ 11%
2019 2020 2021Q1-Q3
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燃油車營收佔比

Fuel Vehicle Turnover Ratio

電動車營收佔比 EV Turnover Ratio

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輕量化

解决方案的領導者 A leader for all lightweight solutions

MISSION Changchun Engley Automobile Industry Co.,Ltd.

好 公 司 ， 好 生 活 ！

，

e[T][ 文化] Changchun Engley Automobile Industry Co.,Ltd.

eTalk 溝通 好公司，好生活 Better Company, Better Life

eTeam 團隊 客户/股東/員工/ 合作夥伴 Customer / Shareholder / Employee / Partner

eTrust 互信 誠信待人，以和為貴 Integrity & Respect

eThank 感恩 同甘苦 Have a Fun

Changchun Engley automobile industry Co.,Ltd

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謝謝

THANKS

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