CCW — Fund Information / Factsheet 2017

Mar 21, 2017

Cathay Chemical Works, Inc.

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2017

CORPORATE INTRODUCTION

Cathay Chemical Works, Inc.

Profile

** Founded in 1962

** Listed in Taiwan Stock Exchange since 1990

Stock Code 1713

** Paid-up Capital: NTD1.5 billion

** Consolidated Revenue: NTD6.2 million in 2016 ** 75 employees

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A brief introduction of Cathay Chemical Works, Inc.

Core Value: “Your satisfaction is our responsibility” Cathay Chemical Works, Inc. was established in December 1962, exclusively manufacturing the specialty and fine chemicals. For over 50 years deep plowing and continuous inventing, sales area has reached to worldwide.

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In January 1990, Cathay has applied its initial shares of 42,161,233 listed on Taiwan stock exchange as a publicly company. Henceforth, after 9 times enhancement of paid-up capital, it is now reached to NTD1.5 billion.

In September 2005, to coordinate with the Kaohsiung city government, Cathay had set up a factory moving plan from its location at Kaohsiung to a new location at Pingtung. The new factory was started to operate and had an opening ceremony on 21[st] of December, 1996.

In May 2009, in accordance with Kaohsiung city government to build a “Kaohsiung Multifunctional Commerce and Trade Park”, Cathay set up a priority project to clean and remove the underground contamination at Kaohsiung factory. Thus Bo-Jet Company as Cathay’s representative started to execute this remediation project at Kaohsiung factory.

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Over 3 years effort, in January 2012, Kaohsiung factory was passed the environment assessment by Kaohsiung city government as free of contamination in its underground land. In February 2015, Kaohsiung city government released the . land back to Cathay for total 16,643.45m[2]

Since the land is located in “Kaohsiung Multifunctional Commerce and Trade Park”, it has a great potential for development, thus seeking the best interest for shareholders.

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Products’ introduction:

Extensively used in textile industry for vat Sodium Hydrosulfite dyeing, reducing cleaning, printing and stripping Used in the manufacturing of high grade Zinc Oxide rubber tires, rubber shoes, electrical insulating material and widely used in ceramics, grazes and pottery product As a powerful and stable Sodium Formaldehyde high-temperature reducing agent for vat dyes in printing and dyeing processes. As Sulfoxylate a main auxiliary agent for synthetic rubber manufacturing Widely used as an anti-chlor in textile Sodium Metabisulfite industry and as a bleaching agent in the preparation of wood pulp Also used in water treatment and tanning industry In chemical use as being a kind of Zinc Dust powerful reducing agent. As being a pigment in anticorrosive priming paint As a blended chemicals for using in wool, Others silk, fibre and rayon

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Dividend Payout

Dividend Payout
			(NT$ thousand)
	2014 年	2015 年	2016 年
Operating revenue	748,780	658,864	621,840
Gross Profit	125,379	106,827	129,172
Operating income	62,911	47,649	69,936
Non-Operating income and	43,177	31,422	40,672
expenses
Income before tax	106,088	79,071	110,608
Income from continuing	92,001	69,634	98,788
operations before tax
Net income	92,001	69,634	98,788
Other comprehensive income,	(2,295)	(4,311)	(3,372)
net of tax)
Total comprehensive income	89,706	65,323	95,416
Earnings per share	0.61	0.46	0.65

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