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CSG Investor Presentation 2021

Dec 17, 2021

51821_rns_2021-12-17_3fd5dc77-68b2-4666-a9b7-c0270cd16329.pdf

Investor Presentation

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強盛染整股份有限公司 CHYANG SHENG DYEING & FINISHING CO., LTD

2021 Investor Conference

2021.12.17. 1463 (TWSE)

1

SAFE HARBOR NOTICE

  • THIS PRESENTATION IS PREPARED BY CHYANG SHENG DYEING & FINISHING CO., LTD (THE “COMPANY”) AND IS SOLELY FOR THE PURPOSE OF CORPORATE COMMUNICATION AND GENERAL REFERENCE ONLY. THE PRESENTATION IS NOT INTENDED AS AN OFFER TO SELL, OR TO SOLICIT AN OFFER TO BUY OR FORM ANY BASIS OF INVESTMENT DECISION FOR ANY CLASS OF SECURITIES OF THE COMPANY IN ANY JURISDICTION. ALL SUCH INFORMATION SHOULD NOT BE USED OR RELIED ON WITHOUT PROFESSIONAL ADVICE. THE PRESENTATION IS A BRIEF SUMMARY IN NATURE AND DOES NOT PURPORT TO BE A COMPLETE DESCRIPTION OF THE COMPANY, ITS BUSINESS, ITS CURRENT OR HISTORICAL OPERATING RESULTS OR ITS FUTURE PROSPECTS.

• THIS PRESENTATION IS PROVIDED WITHOUT ANY WARRANTY OR REPRESENTATION OF ANY KIND, EITHER EXPRESSED OR IMPLIED. THE COMPANY SPECIFICALLY DISCLAIMS ALL RESPONSIBILITIES IN RESPECT OF ANY USE OR RELIANCE OF ANY INFORMATION, WHETHER FINANCIAL OR OTHERWISE, CONTAINED IN THIS PRESENTATION. NEITHER THIS PRESENTATION NOR ANY OF ITS CONTENTS MAY BE REPRODUCED TO A THIRD PARTY 2 WITHOUT THE PRIOR WRITTEN CONSENT OF THE COMPANY.

AGENDA

COMPANY PROFILE

INDUSTRY OVERVIEW

  • MAIN PRODUCTS

  • FINANCIAL RESULTS

3

COMPANY PROFILE

  • COMPANY NAME

  • ESTABILISHMENT

  • CAPITAL

  • PAYROLL

  • CHAIRMAN

  • PRESIDENT

  • IPO

  • PRODUCTS

CHYANG SHENG DYEING & FINISHING CO., LTD 1983.10

NTD 1.73 BILLIONS

200

MR. CHEN JEN FA

MR. LU FONG FU

LISTED IN TWSE , 1996 (1463.TW)

COMMISSION DYEING &FINISHING OF FULL-RANGE WOVEN CELLULOSIC & SYNTHETIC FABRICS

4

COMPANY PROFILE

• GROUP STRUCTURE

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5

COMPANY PROFILE

• COMPANY MILESTONES

  • 1983 BIRTH OF CHYANG SHENG DYEING & FINISHING CO., LTD

  • 1984 COMMISSIONING OF THE CONTINUOUS OPEN-WIDTH DYEING RANGE FOR CELLULOSIC FABRICS

  • 1993 COMMISSIONED COLD PAD BATCH (CPB) & AIR FLOW EXHAUST DYEING MACHINES FOR SYNTHETIC AND CELLULOSIC FABRICS

  • 1996 THE STOCKS OF THE COMPANY WERE OFFICIALLY LISTED ON THE TAIWAN STOCK EXCHANGE (“TWSE”)

  • 1997 PROGIANT CONSTRUCTION & DEVELOPMENT CORPORATION WERE ESTABLISHED FOR CONSTRUCTION BUSINESS

  • 1998 ACQUIRED MORE THAN 50% SHARES OF CHYANG SHENG VIETNAM CO., LTD. (CSVN) FOR COMMISSIONING PRINTING BUSINESS IN VIETNAM.

  • 2012 TREASURE STAR INTERNATIONAL CORP. (TSI) WERE ESTABLISHED FOR INTERNATIONAL TRADING BUSINESS.

  • 2014 STRATEGICALLY INCREASE CSVN & TSI’S CAPITALS TO ALLIANCES AND REDUCE SHAREHOLDING RATIOS UNDER 50%. CSVN & TSI WERE NO LONGER INCORPORATED INTO CONSOLIDATED STATEMENTS.

  • 2017 ACCQIURED THE SWISS BLUESIGN@ TECHNOLOGY CERTIFICATION, BECOME THE SYSTEM PARTNER OF THE BLUESIGN ORGNIZATION.

  • 2019 ACCOMPLISHED THE SCIENCE AND TECHNOLOGY RESEARCH AND DEVELOPMENT PROJECT OF THE MINISTRY OF ECONOMIC AFFAIRS - “WOVEN SYNTHETIC FABRICS WISDOM & OPTIMIZATION PRODUCTION PROJECT“

  • 2020 COMPLETE THE NEW ENERGY SYSTEM, REPLACE COAL-FIRED BOILERS WITH MEDIUM-PRESSURE STEAM, MOVE TOWARDS THE GOAL OF SUSTAINABLE ENVIRONMENTAL PROTECTION, ENERGY CONSERVATION 6

  • AND REDUCES CO2 EMISSIONS, AND ACTUALLY IMPLEMENT CSR.

INDUSTRY OVERVIEW Textile industry chain

2021/12/17 7

MAIN PRODUCTS

 PRODUCTION LINE AND PROCESSING PRODUCT CLASSIFICATION

PRODUCTION LINE AND PROCESSING PRODUCT CLASSIFICATION

CONTINUOUS DYE: COTTON, LINEN, T/C & T/R BLENDED

FILAMENT-FABRIC BATCH DYE: POLYESTER, NYLON & OTHER SYNTHETIC FIBERS COLD BATH DYE FOR INTERWEAVE FABRICS: SPUN & FILAMENT INTERWOVEN FABRICS

 SPECIALIST

CPB, FIBRILLATION, WEIGHT REDUCTION, MOSS/PEACH SKIN, MITE REPEPELLENT, FLAME RETARDANT, OIL/WATER REPELLENT, SOIL-RELEASE, WICKING, EASY-CARE/WRINKLE-FREE, FATIGUE-LOOK, BRUSHING, SANDING, SUEDE FINISHING…

2021/12/17

8

MAIN PRODUCTS (BY MATERIALS)

(Staple)

(Fillament)

(Cross Weaved)

  • 、

  • Cotton 100% Linen 、 、 、

  • 100% T/C T/R TENCEL …

• 、 Polyester 100% 、 Nylon 100% N ＊ 、 、 T PBT PTT …

• 、 、 C ＊ N N ＊ C C ＊ 、 、 、 T T ＊ C R ＊ T R ＊ L

  • NTCD

(Conjugate yarn)

(Micro Fiber)

(One-Way, TwoEnvironmentally Way Stretch) friendly materials

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MAIN PRODUCTS (BY FUNTIONALS)

FUNCTIONAL FINISHING

  • WICKING & SANITATION

  • ANTIBACTERIAL, DEODORANT & UV-CUT COMPOUND FUNCTIONAL FINISHING

  • ANTI-MOSQUITO, AROMATIC & MOISTURIZING SKIN CARE BY MICROCAPSULES FINISHING

  • INTRODUCTION AND APPLICATION OF NANOMETER PROCESSING AID

  • C6 ENVIRONMENT-FRIENDLY WATER-REPELLENT / OIL-REPELLENT FINISHING

  • FLUORIDE-FREE WATER-REPELLENT FINISHING

2021/12/17

10

KEY MARKETS

• GEOGRAPHICAL INFORMATION

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33%
50%
1%
16%
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America
Europe
Japan
Taiwan
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2021/12/17 11

FINANCIAL RESULTS

Consolidated Statements of Comprehensive Income

Unit：NTD Thousand

2021Q1-Q3 2020Q1-Q3 YoY 2021Q3 2021Q2 QoQ
Sales Revenue 322,339 350,471 -8% 100,662 114,729 -12%
Gross Margin 21% 20% 2% 10% -5% 15%
Operating Expenses 53,101 64,679 -18% 15,835 17,700 -11%
Operating Margin -1% 1% -2% -12% 5% -17%
Non-operating incomes
50,141		 36,898 36% 10,817 4,145 161%
Net Income 33,700 34,765 -3% (934) 3,530 -126%
Net Margin 10% 10% 1% -1% 3% -4%
EPS 0.20 0.17 18% (0.02) 0.02 -200%

12

FINANCIAL RESULTS

Segment information - Revenue and Profit in %

2021Q1~Q3

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Segment Revenues
0%
100%
Dyeing & Finishing services
Construction
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2020Q1~Q3
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Segment Revenues
23%
77%
Dyeing & Finishing services
Construction
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2020
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Segment Revenues
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18%
82%
Dyeing & Finishing services
Construction
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Segment profits
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Segment profits
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Segment profits
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0%
100%
Dyeing & Finishing services
Construction
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36%
64%
Dyeing & Finishing services
Construction
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52% 48%
Dyeing & Finishing services
Construction
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FINANCIAL RESULTS

Performance - Major Financial Indices

Item 2017 2018 2019 2020 2021Q1~Q3
Detbt ratios
Liabilities ratio（％） 10.83 10.05 9.78 14.67 13.65
Profit after income tax(NTD thousands) 571,379 265,943 114,625 53,906 32,292
Liquuidity ratios
Current ratio （％） 832.57 899.48 999.43 517.12 393.12
Acid-test ratio（％） 689.35 810.81 867.43 442.92 317.37
Profitability ratios
ROA（％） 20.19 10.65 4.61 2.37 1.25
ROE（％） 25.22 11.90 5.12 2.68 1.44
Profit margin（％） 39.78 31.66 21.91 13.84 10.02
EPS(NTD) 3.5 1.62 0.7 0.33 0.2

2021/12/17

14

FINANCIAL RESULTS

Latest-5-Years Dividends

0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
thousands		 0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
2015
2016
2017
2018
2019
2020
2021Q1~Q3
dollars
Net Income
EPS
Dividends		 0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
2015
2016
2017
2018
2019
2020
2021Q1~Q3
dollars
Net Income
EPS
Dividends		 0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
2015
2016
2017
2018
2019
2020
2021Q1~Q3
dollars
Net Income
EPS
Dividends		 0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
2015
2016
2017
2018
2019
2020
2021Q1~Q3
dollars
Net Income
EPS
Dividends		 0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
2015
2016
2017
2018
2019
2020
2021Q1~Q3
dollars
Net Income
EPS
Dividends		 0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
2015
2016
2017
2018
2019
2020
2021Q1~Q3
dollars
Net Income
EPS
Dividends		 0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
2015
2016
2017
2018
2019
2020
2021Q1~Q3
dollars
Net Income
EPS
Dividends		 0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
2015
2016
2017
2018
2019
2020
2021Q1~Q3
dollars
Net Income
EPS
Dividends
Year 2015 2016 2017 2018 2019 2020 2021Q1~Q3
Net Income 82,405 639,529 571,379 265,943 114,625 53,906 32,292
EPS 0.51 3.95 3.50 1.62 0.70 0.33 0.20
Dividends 0.70 3.30 3.00 1.40 0.60 0.30 -
Book Valueper Share 12.06 15.16 15.34 14.04 13.43 13.05 13.00

15

THANK YOU FOR YOUR ATTENTION

2021/12/17 16

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