CCW — Annual Report 2019

Mar 26, 2019

Cathay Chemical Works, Inc.

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2019

CORPORATE INTRODUCTION

2018 Financial Results:

• Operating revenue amounted to NT$6.7 billion,

increased 1.18%.

• In comparison with 2017, net income increased 58%

due to revenue from investment.

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STATEMENTS OF COMPREHENSIVE INCOME

			(NT$thousand)	(NT$thousand)
	2018	2017	YOY
Operating Revenue	671,611	663,800	7,811	1.18%
Operating Cost	596,551	561,533	35,018	6.24%
Gross Profit	75,060	102,267	(27,207)	-26.60%
Operating Expensive	55,572	56,424	(852)	-1.51%
Operating Income	19,488	45,843	(26,355)	-57.49%
Non-Operating Income and Expenses	97,310	34,394	62,916	182.93%
Income before Tax	116,798	80,237	36,561	45.57%
Tax Expensive	1,326	7,209	(5,883)	-81.61%
Net Income	115,472	73,028	42,444	58.12%
Earning per Share	0.76	0.48	0.28	58.33%

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2019 PROSPECTS:

Looking the year of 2019, trade war between The United States of American and China continues, political instabilities in certain areas makes the oil supply getting higher and higher, further influence all raw materials and resulted cost are on high side. Cathay is certainly not an exceptional one without suffering any impacts from the current bad situation and economy. Nevertheless, Cathay continues to his responsibilities to the Society by preventing / minimizing the pollution from factory production, in order to reach pollution free as a goal. Furthermore, “products upgrade”, “after service” still the center core value of Cathays’, it will be kept and perused in all aspects. As regards to the land of 16,643.95m[2] located in “Kaohsiung Multifunctional Commerce and Trade Park”, it has a great potential for development, thus seeking the best interest for all shareholders.

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