CHUNG HUNG — Annual Report 2017

Oct 25, 2017

==> picture [174 x 60] intentionally omitted <==

==> picture [257 x 24] intentionally omitted <==

==> picture [51 x 444] intentionally omitted <==

中鴻鋼鐵股份有限公司 CHUNG HUNG STEEL CORPORATIION

2017.10.27

股票代碼 : Stock Code :

2014

中鴻堅持正派經營，努力打造成為一個持續發展、值得信賴、樂於交往的鋼鐵公司

==> picture [174 x 60] intentionally omitted <==

==> picture [257 x 24] intentionally omitted <==

目	錄 Table of Contents
• 公司簡介	Company Overview	1
• 銷售分析	Sales Analysis	9
• 財務概況	Financial Review	13
• 策 略	Strategy	14
• 未來展望	Prospects	15
中鴻堅持正派經營，努力打造成為一個持續發展、值得信賴、樂於交往的鋼鐵公司

==> picture [174 x 60] intentionally omitted <==

==> picture [257 x 24] intentionally omitted <==

==> picture [51 x 444] intentionally omitted <==

公司簡介 Company Overview

中鴻鋼鐵股份有限公司（原名燁隆企業股份有限公司， 2004 年 7 月 14 日正式更 名，以下簡稱中鴻）成立於 1983 年 9 月，基於國內鋼鐵上下游整合，中鴻於 1999 年底與中鋼公司策略聯盟， 2000 年正式成為中鋼集團一員。

Chung Hung Steel Corporation (originally named Yieh Loong Enterprise Co., Ltd., was renamed on July 14th, 2004, known as “CHSC” for short) was established in September 1983. For observing the integration of upstream and downstream steel companies in Taiwan, CHSC formed a strategic alliance with CSC at the end of 1999, and officially became a member of the CSC Group in 2000.

中鴻堅持正派經營，努力打造成為一個持續發展、值得信賴、樂於交往的鋼鐵公司

1

==> picture [174 x 60] intentionally omitted <==

==> picture [257 x 24] intentionally omitted <==

==> picture [51 x 444] intentionally omitted <==

公司簡介 Company Overview

中鴻主要產品有熱軋鋼捲、酸洗塗油鋼捲、酸洗退火球化鋼捲、冷軋全硬鋼捲 、冷軋調質鋼捲、鍍鋅鋼捲、碳鋼鋼管 (CNS/JIS/ASTM) 、鍍鋅鋼管、 PE 包覆 鋼管、 API 輸油管、 API 油井套 ( 導 ) 管。產品銷售以供應國內為優先，產品廣泛 運用在五金、建材、汽車、家電、運動器材、鋼製傢俱等眾多產業。

CHSC's main carbon products include hot-rolled steel coils, pickled & spheroidized annealed steel coils, cold-rolled full hard steel coils, cold-rolled tempered steel coils, galvanized steel coils, carbon steel pipes ( CNS/ JIS/ ASTM), galvanized steel pipes, PE-coated steel pipes, API oil pipelines and API pipes for casing and tubing. The products are widely used to manufacture hardware, building materials, cars, household electric appliances, sport equipment, steel furniture and so on. They are primarily prioritized for domestic sales.

中鴻堅持正派經營，努力打造成為一個持續發展、值得信賴、樂於交往的鋼鐵公司

2

==> picture [174 x 60] intentionally omitted <==

==> picture [257 x 24] intentionally omitted <==

==> picture [51 x 444] intentionally omitted <==

公司簡介 Company Overview

中鴻有四個生產廠區，其中熱軋廠（年產能 240 萬公噸）、冷軋廠（年產能 45 萬 公噸）及鋼管廠大發廠區（年產能 4.8 萬公噸）三個廠區皆位於高雄市；另 2012 年於彰化縣彰濱工業區（鹿港區）新建一座年產能 20 萬公噸鋼管廠，設置 2~4 英 吋及 4~14 英吋製管產線，主要生產高附加價值石油相關用管，銷售於國際石油 氣鋼管市場。

CHSC has had four factories so far, three of which are located in Kaohsiung City, Taiwan. They are the hot-rolled coil factory with the annual capacity of 2.4 million metric tons, the cold-rolled coil factory with the annual capacity of 450,000 metric tons, the steel pipe factory with the annual capacity of 48,000 metric tons, and the new ERW steel pipe factory, established in 2012, located in the Chang Hua Coastal Industrial Park in Lukang, Chang Hua County, Taiwan. With 2~4 inch and 4~14 inch pipe forming lines, the factory primarily manufactures high value added pipes used in the oil industry for the international oil and gas tubular market.

3

中鴻堅持正派經營，努力打造成為一個持續發展、值得信賴、樂於交往的鋼鐵公司

==> picture [174 x 60] intentionally omitted <==

==> picture [257 x 24] intentionally omitted <==

==> picture [51 x 444] intentionally omitted <==

公司簡介 Company Overview

以市場需求為導向，發揮靈活彈性特長，持續提升產品附加價值及開發利基產 品，追求穩健獲利，一向是中鴻的經營策略及目標，為追求永續發展、強化內 部管理及客戶服務，本公司積極取得外部相關驗證，各廠已通過品質、環保、 、 、 、 、 能源及職安衛之 ISO 9001 ISO 14001 ISO 50001 OHSAS 18001 TOSHMS 等 各項管理系統驗證，另為消除國家貿易障礙，各產品已取得 JIS MARK 認證，熱 軋產品已通過印尼 SNI 、馬來西亞 SIRIM 、泰國 TIS 及新加坡 FPC 認證。

With a market-oriented, demand-conscious, and flexible view, CHSC always aims to optimize the added values of its products, develop niche products, and stably make profits. To pursue its sustainable development and to enhance its internal management as well as customer services, CHSC has aggressively obtained external certification, such as ISO 9001, ISO 14001, ISO 50001, OHSAS 18001, and TOSHMS. To eliminate the obstacles in international trade, it has also obtained the JIS MARK certificate for all of its products and the SNI (Indonesia), SIRIM (Malaysia), TIS (Thailand), and FPC (Singapore) certificates for its hot-rolled products.

4

中鴻堅持正派經營，努力打造成為一個持續發展、值得信賴、樂於交往的鋼鐵公司

==> picture [174 x 60] intentionally omitted <==

==> picture [257 x 25] intentionally omitted <==

產製流程

熱軋鋼捲 Hot Rolled Coil

==> picture [706 x 313] intentionally omitted <==

5

==> picture [174 x 60] intentionally omitted <==

==> picture [257 x 24] intentionally omitted <==

==> picture [685 x 60] intentionally omitted <==

冷軋鋼捲 Cold Rolled Coil

==> picture [688 x 293] intentionally omitted <==

6

==> picture [174 x 60] intentionally omitted <==

==> picture [257 x 24] intentionally omitted <==

產製流程

鋼管 Steel Pipe & Tube

==> picture [720 x 310] intentionally omitted <==

7

==> picture [175 x 57] intentionally omitted <==

==> picture [258 x 25] intentionally omitted <==

Awards and Honours 獲獎事蹟

==> picture [335 x 236] intentionally omitted <==

==> picture [312 x 235] intentionally omitted <==

2016 年 11 月熱軋及冷軋廠同獲台灣鋼鐵 公會 104 年度工安績效評比「特優獎」 November,2016

2017 年 2 月中鴻參與脫貧自立計畫達 13 年獲頒感謝狀

February,2017

The Hot Rolling Mill and the Cold Rolling Mill were both given the 2015 excellent performance awards of Occupational safety by Taiwan steel and Iron Industries Association.

CHS has sponsored the social program of helping underprivileged students out of poverty for thirteen years, and thus received the certificate of appreciation from Kaohsiung City government .

8

==> picture [174 x 60] intentionally omitted <==

==> picture [257 x 24] intentionally omitted <==

銷售分析 外銷分析 Export Sales Analysis

==> picture [649 x 414] intentionally omitted <==

9

==> picture [174 x 60] intentionally omitted <==

==> picture [257 x 24] intentionally omitted <==

銷售分析 外銷分析 Export Sales Analysis

==> picture [658 x 397] intentionally omitted <==

10

==> picture [174 x 60] intentionally omitted <==

==> picture [257 x 25] intentionally omitted <==

銷售分析 外銷分析 Export Sales Analysis

==> picture [691 x 380] intentionally omitted <==

11

==> picture [174 x 60] intentionally omitted <==

==> picture [257 x 25] intentionally omitted <==

Production and Sale Statistics 產銷量值表

單位：新台幣千元 Unit ： NTD Thousands

==> picture [673 x 194] intentionally omitted <==

==> picture [677 x 221] intentionally omitted <==

12

==> picture [174 x 60] intentionally omitted <==

==> picture [257 x 25] intentionally omitted <==

==> picture [51 x 445] intentionally omitted <==

財務概況

Financial Review

單位：千元 Unit : NTD Thousands	單位：千元 Unit : NTD Thousands	單位：千元 Unit : NTD Thousands
期間Peroid 項目Item	2017/1~6	2016/1~12
營業收入淨額 Net Sales	19,487,002	33,440,122
營業成本 OperatingCosts	17,821,995	30,154,398
營業毛利 Gross Profit(Loss)	1,665,007	3,285,724
營業費用 OperatingExpenses	629,934	1,240,847
營業淨利(損) Profit(Loss)from Operations	1,035,073	2,044,877
營業外收(支) Non-operatingincome(Expenses)	26,297	131,399
稅前淨利(損) Profit(Loss)Before Income Tax	1,008,776	1,913,478
稅後淨利(損) Net Profit For The Period	1,007,375	1,913,119

13

==> picture [174 x 60] intentionally omitted <==

==> picture [257 x 25] intentionally omitted <==

==> picture [645 x 41] intentionally omitted <==

----- Start of picture text -----

策 略 Strategy
----- End of picture text -----

中鴻堅持正派經營，努力打造成為一個持續發展、值得信賴、樂於交往的鋼鐵公司。

We persist in operating uprightly and devote ourselves to sustainable development and winning stakeholders’ trust and friendship.

==> picture [657 x 301] intentionally omitted <==

----- Start of picture text -----

業務目標 生產目標 財務目標
Commercial Production Financial
1.持續開發重點產品
1.掌握客戶需求
Sustain development of key products
Aim for customers demands
2.提昇產品品質及製程技術
2.保持靈活彈性銷售策略 1.內部管理確實
Improve product quality and technology
Maintain the flexible sales strategy 3.朝向產品差異化 Complete Internal Management
3.確保通路穩定 Toward product differentiation 2.降低營運成本
Ensure stable sales channels 4.精進利基產品
Implement operating cost reduction
Enhance niche products
4.提昇市場競爭力
5.創造市場優勢
Increase the market competitiveness
Create market advantage
----- End of picture text -----

14

==> picture [174 x 60] intentionally omitted <==

==> picture [257 x 24] intentionally omitted <==

==> picture [51 x 444] intentionally omitted <==

未來展望 Prospects

中鴻未來將持續提昇產品品級及品質，全員加強客戶服務， 建立良好客戶夥伴關係，創造產品差異化，並積極推動節能減 廢，善盡企業社會責任。

In the future, CHSC will upgrade the quality and grades of its products, focus on enhancing customer services, establish good partner relationships with customers, create product differentiation, proactively conserve energy and reduce carbon emissions, and fulfill its corporate social responsibility.

15

中鴻堅持正派經營，努力打造成為一個持續發展、值得信賴、樂於交往的鋼鐵公司

==> picture [174 x 60] intentionally omitted <==

==> picture [257 x 24] intentionally omitted <==

==> picture [51 x 444] intentionally omitted <==

感 謝 聆 聽 !

Thanks for your attention.

中鴻堅持正派經營，努力打造成為一個持續發展、值得信賴、樂於交往的鋼鐵公司