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FH Call Transcript 2023

Feb 23, 2023

51946_rns_2023-02-23_d4464e89-2ba7-4e07-af1b-dacbc732be39.pdf

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豐興鋼鐵股份有限公司 2022 年第四季法人說明會 Feng Hsin Steel Co.,Ltd. Q4 2022 Earnings Conference

2023/2/24

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會議大綱 Agenda

  • 公司簡介 Profile

  • 2022 年第四季財務績效 Q4 2022 Financial Results.

  • 公司、產業及營運概況暨未來展望

  • Steel Market Overview

 Q&A

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免責聲明

Safe Harbor Notice

  • 本簡報 2022 年第四季財務資訊經會計師查核。

The related consolidated statements of December 31 2022 were audited by CPA.

  • 本簡報中對未來的展望,反應本公司截至目前為止對於未來的看 法。對於這些看法,未來若有任何變更或調整時,本公司並不負 責隨時提醒或更新。

Except as required by law, we undertake no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.

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公司簡介 Profile

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公司簡介 Profile

  1. 公司成立時間: 1969.1

[•]

  • Company Founded January, 1969

    1. 實收資本額: 58.15
  • Capitial NTD5.815 Billion

    1. 員工人數:約 940
  • Number of Employees About 940

    1. 公司所在地:台中市后里區
  • Location Houli, Taichung Taiwan

    1. 主要設備: 85 DC 電弧爐 X1
  • 100 AC 電弧爐 X1 直列式軋鋼設備 X3

Facilities: 85 MT DC Arc Furnace x 1 100 MT AC Arc Furance x 1 Rolling Line x 3

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2022 年第四季財務績效 Q4 2022 Financial Results.

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銷值表 Sale amounts

單位:百萬元 Unit: NTD Million

銷售淨額 2022Q4 2022Q3 QoQ % 2021Q4 YoY % Net Sales 型鋼 Merchant Bar 1,823 1,977 (154) -8% 2,275 (452) -20% 條線 Round Bar 1,657 1,800 (143) -8% 3,585 (1,928) -54% 鋼筋 Rebar 5,466 5,059 407 8% 5,071 395 8% 其他 others 14 3 11 409% 3 11 367% 合計 Total 8,960 8,839 121 1% 10,934 (1,974) -18%

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銷值表 Sale amounts

銷值表Sale amounts 銷值表Sale amounts 銷值表Sale amounts 銷值表Sale amounts 銷值表Sale amounts
單位:百萬元Unit: NTD Million
銷售淨額Net Sales 2022/1-12 2021/1-12 YoY %
型鋼Merchant Bar 8,018
8,205

(187)
-2%
條線Round Bar 10,255
13,591

(3,336)
-25%
鋼筋Rebar 20,294
16,539

3,755

23%
其他others 37
25

12
50%
合計Total 38,605
38,360

245
1%

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銷值表 Sale amounts

銷售組合
Sales Mix
2022Q4 2022Q3 QoQ 2021Q4 YoY
型鋼Merchant Bar 20% 23% -3%
21%
-1%
條線Round Bar 19% 20% -1%
33%
-14%
鋼筋Rebar 61% 57% 4%
46%
15%
其他others - -
-

-
-
合計Total 100% 100% 100%
內銷Domestic 92% 89% 3%
88%
4%
外銷Export 8% 11% -3%
12%
-4%

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銷值表 Sale amounts

銷售組合Sales Mix 2022/1-12 2021/1-12 YoY
型鋼Merchant Bar 21% 21% 0%
條線Round Bar 26% 36% -10%
鋼筋Rebar 53% 43% 10%
其他others - -
-
合計Total 100% 100%
內銷Domestic 91% 90% 1%
外銷Export 9% 10% -1%

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銷量表 Sale quantity

單位:噸 Unit: MT 銷售量 2022Q4 2022Q3 QoQ % 2021Q4 YoY % Sales t q y 型鋼 72,381 74,018 (1,637) -2% 90,316 (17,935) -20% Merchant Bar 條線 Round Bar 65,085 65,058 27 0% 122,717 (57,632) -47% 鋼筋 Rebar 266,111 235,299 30,812 13% 257,289 8,822 3% 其他 others 1,055 221 834 377% 267 788 295% 合計 Total 404,632 374,596 30,036 8% 470,589 (65,957) -14%

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銷量表 Sale quantity

單位:噸Unit: MT 單位:噸Unit: MT 單位:噸Unit: MT 單位:噸Unit: MT 單位:噸Unit: MT
銷售量Sales qty 2022/1-12 2021/1-12 YoY %
型鋼Merchant Bar 309,761
352,965

(43,204)
-12%
條線Round Bar 361,635
501,998

(140,363)
-28%
鋼筋Rebar 963,684
922,146

41,538
5%
其他others 1,794
893
901 101%
合計Total 1,636,874
1,778,002

(141,128)
-8%

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銷量表 Sale quantity

銷售量組合
Sales Mix
2022Q4 2022Q3 QoQ 2021Q4 YoY
型鋼Merchant Bar 18% 20% -2% 19% -1%
條線Round Bar 16% 17% -1% 26% -10%
鋼筋Rebar 66% 63% 3% 55% 11%
其他others -
-
-
-
-
合計Total 100% 100% 100%

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銷量表 Sale quantity

銷售量組合Sales Mix 2022/1-12 2021/1-12 YoY
型鋼Merchant Bar 19%
20%
-1%
條線Round Bar 22%
28%
-6%
鋼筋Rebar 59%
52%
7%
其他others -
-

-
合計Total 100%
100%

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近五年銷量 Sale quantity for recently five years

單位:噸 Unit: MT


單位:噸Unit: MT

單位:噸Unit: MT

單位:噸Unit: MT

單位:噸Unit: MT

單位:噸Unit: MT

單位:噸Unit: MT

單位:噸Unit: MT

單位:噸Unit: MT

單位:噸Unit: MT

單位:噸Unit: MT

單位:噸Unit: MT

單位:噸Unit: MT

單位:噸Unit: MT

單位:噸Unit: MT

單位:噸Unit: MT

單位:噸Unit: MT

單位:噸Unit: MT

單位:噸Unit: MT

單位:噸Unit: MT

單位:噸Unit: MT

單位:噸Unit: MT

單位:噸Unit: MT

單位:噸Unit: MT

單位:噸Unit: MT
2000000 2018
2019
2020
2021
2022

412,940
366,233
339,597
352,965
309,761
462,046
332,655
342,810
501,998
361,635
660,624
798,597
953,339
922,146
963,684
1,535,610
1,497,485
1,635,746
1,777,109
1,635,080
1,535,610 1,497,485
1,635,7461,777,1091,635,080
-
500,000
1,000,000
1,500,000
,,
銷售量
e quantity
1,535,610 1,497,485
1,635,7461,777,1091,635,080
2018 2019 2020 2021 2022
型鋼Merchant Bar
412,940
366,233 339,597 352,965 309,761
條線Round Bar 462,046 332,655 342,810 501,998 361,635
鋼筋Rebar 660,624 798,597 953,339 922,146 963,684
合計Total 1,535,610 1,497,485 1,635,746 1,777,109 1,635,080

銷售量 Sale quantity

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季度簡明合併損益表 Consolidated Income Statement

單位:仟元 Unit: NTD Thousand

期間Period **2022Q4 ** 2022Q3 QoQ % **2021Q4 ** **YoY ** %
營業收入
Net Sales
8,959,546 8,838,836 120,710
1%
10,933,551 (1,974,005)
-18%
營業毛利
Gross Profit
994,571 710,140 284,431
40%
1,690,042 (695,471)
-41%
毛利率
Gross Profit Margin
11%
8%
3% 38% 15% -4% -28%
營業利益
Operation Income
788,278 503,704 284,574
56%
1,438,264 (649,986)
-45%
營業外收入及支出
Non-operatingIncome& Expense
77,345 185,545 (108,200)
-58%
74,736 2,609
3%
---採權益法之關聯企業
投資份額
Shares ofprofit of associates
51,146 50,734 412
1%
60,152 (9,006) -15%
稅前淨利
Income Before Income Tax
865,623 689,249 176,374
26%
1,513,000 (647,377)
-43%
本期淨利
Net Income
705,680 585,500 120,180
21%
1,214,607 (508,927)
-42%
透過OCI按公允價值衡量之權益工具投資
未實現評價損益
Unrealized gains (losses) from equity
instruments investments
measured at fair value through other
comprehensive income
181,403 (182,020) 363,423 -200% (11,304) 192,707 -1705%
綜合淨利總額
Total comprehensive income
945,376 407,756 537,620
132%
1,184,049 (238,673)
-20%
每股稅後盈餘(單位:元)
Earnings per Share (NTD) after tax
1.21
1.01
0.20
20%
2.09 (0.88) -42%

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近五年簡明合併損益表及股利發放

Consolidated Income Statement and Cash dividend

單位:仟元 Unit: NTD Thousand

期間Period 2018 2019 2020 2021 2022


營業收入Net Sales 30,865,647 27,735,611 27,298,051 38,360,406 38,604,929
營業毛利Gross Profit 4,171,060 2,865,577 3,849,289 5,648,923 4,180,599
毛利率Gross Profit Margin 14%
10%

14%

15%
11%
營業利益Operation Income 3,335,672 2,089,002 3,090,862
4,721,008
3,304,413
營業外收入及支出Non-operating
Income&Expense
301,704 301,728 146,080
307,514
476,205
-----採權益法之關聯企業
投資份額Share of
profit ofassociates
174,583 209,220 95,044
127,850
233,394
稅前淨利Income Before Income Tax 3,637,376 2,390,730 3,236,942
5,028,522
3,780,618
本期淨利Net Income 2,942,415 1,962,355 2,619,426
4,034,565
3,073,395
每股稅後盈餘(單位:元)
Earnings per Share (NTD) after tax
5.06 3.37 4.50 6.94 5.28
現金股利(/)
Cash dividend
4
3

3.5

5

4

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簡明合併資產負債表 Consolidated Balance Sheets

簡明合併資產負債表Consolidated Balance Sheets 簡明合併資產負債表Consolidated Balance Sheets 簡明合併資產負債表Consolidated Balance Sheets 簡明合併資產負債表Consolidated Balance Sheets 簡明合併資產負債表Consolidated Balance Sheets 簡明合併資產負債表Consolidated Balance Sheets 簡明合併資產負債表Consolidated Balance Sheets
單位:仟元Unit: NTD Thousand
年度(Date) 2022.12.31 2022.9.30
2021.12.31
項目(Item) 金額(Amount) % 金額(Amount) % 金額(Amount) %
流動資產
Current Assets
12,220,296 47.63% 12,187,208 48.27% 13,679,079 50.90%
非流動資產
Non-current Assets
4,297,012 16.75% 4,138,957 16.39% 4,246,853 15.80%
不動產、廠房及設備
Property,Plant and
Equipment
9,136,866 35.62% 8,924,362 35.34% 8,946,284 33.29%
資產總額
Total Assets
25,654,174 100.00% 25,250,527 100.00% 26,872,216 100.00%
流動負債
Current Liabilities
3,534,867 13.78% 4,057,971 16.07% 4,533,004 16.87%
非流動負債
Non-current Liabilities
333,865 1.30% 348,116 1.38% 239,412 0.89%
負債總額
Total Liabilities
3,868,732 15.08% 4,406,087 17.45% 4,772,416 17.76%
股東權益總額
Total Equities
21,785,442 84.92% 20,844,440 82.55% 22,099,800 82.24%

每股淨值
PE
37.46 35.84 38.00

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公司、產業及營運概況暨未來展望 Steel Market Overview.

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一、全世界鋼鐵業的現況/ The current state of the world's steel industry 1. 2010~2022 年全球主要國家粗鋼生產統計表 / 2010~2022 Statistical table of crude steel production in major countries in the world 單位:百萬噸 / Unit: million ton


單位:百萬噸 / Unit: million ton

單位:百萬噸 / Unit: million ton

單位:百萬噸 / Unit: million ton

單位:百萬噸 / Unit: million ton

單位:百萬噸 / Unit: million ton

單位:百萬噸 / Unit: million ton

單位:百萬噸 / Unit: million ton

單位:百萬噸 / Unit: million ton

單位:百萬噸 / Unit: million ton

單位:百萬噸 / Unit: million ton

單位:百萬噸 / Unit: million ton

單位:百萬噸 / Unit: million ton

單位:百萬噸 / Unit: million ton

單位:百萬噸 / Unit: million ton

國家/年

2010

2011

2012

2013

2014

2015

2016

2017
2018 2019 2020 2021 2022 2022-2021
%
中國 Mainland
China
639 702 731 822 823 804 808 871 928 993 1,057 1,034 1,013 -2.10%
日本 Japan 110 108 107 111 111 105 105 105 104 99 83 96 89 -7.29%
美國 U.S.A 80 86 89 87 88 79 79 82 87 88 73 86 81 -5.81%
印度 India 69 73 77 81 87 89 96 102 106 111 100 118 125 5.93%
南韓 S.Korea 59 69 69 66 72 70 69 71 72 71 67 70 66 -5.71%
俄羅斯 Russia 67 69 70 69 71 71 71 72 72 72 72 76 71 -6.58%
德國 Germany 44 44 43 43 43 43 42 43 42 40 36 40 37 -7.50%
越南 Viet Nam 4 5 5 6 6 6 8 12 16 18 17 23 20 -13.04%
其他 Others 361 381 368 366 340 331 326 342 364 347 326 371 329 -11.32%
合計 Global 1,433 1,537 1,559 1,650 1,641 1,598 1,604 1,699 1,790 1,839 1,831 1,914 1,831 -4.33%

美國升息趨緩,中國各城陸續解封,將帶動全球經濟復甦,影響鋼材需求增加,根據世界鋼鐵協會預測, 2022 年全 球鋼鐵需求雖下降 2.3% 17.97 億噸,但美國消費上升態勢持續, 2023 年需求預估恢復成長 1.0% 18.15 億噸。 The rate hike in the United States is slowing down, and cities in China are gradually unblocking, which will drive the recovery of the global economy and affect the increase in steel demand. According to the forecast of the World Steel Association, although the global steel demand in 2022 will drop by 2.3% to 1.797 billion tons, the rising trend of US consumption will continue , In 2023 demand is expected to recover and grow by 1.0% to 1.8 billion tons 資料來源 : World Steel Association

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2. 2010~2022 年全球主要國家粗鋼生產佔比 /

Proportion of crude steel production in major countries in the world from 2010 to 2022

國家/年 國家/年 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
中國 Mainland
China
45% 46% 47% 50% 50% 50% 50% 51% 52% 54% 58% 54% 55%
日本 Japan 8% 7% 7% 7% 7% 7% 7% 6% 6% 5% 5% 5% 5%
美國 U.S.A 6% 6% 6% 5% 5% 5% 5% 5% 5% 5% 4% 5% 4%
印度 India 5% 5% 5% 5% 5% 6% 6% 6% 6% 6% 5% 6% 7%
南韓 S.Korea 4% 4% 4% 4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
俄羅斯 Russia 5% 4% 4% 4% 4% 4% 4% 4% 4% 4% 4% 4% 4%
德國 Germany 3% 3% 3% 3% 3% 3% 3% 3% 2% 2% 2% 2% 2%
越南 Viet Nam 0% 0% 0% 0% 0% 0% 0% 1% 1% 1% 1% 1% 1%
其他 Others 25% 25% 24% 22% 21% 21% 20% 20% 20% 19% 18% 19% 18%
合計 Global 100%
100%
100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%
世界粗鋼增產主要國家~~: 2022~~年中國粗鋼產量雖有下降,但佔比仍超過~~50%~~,佔全世界一半,第二大粗鋼生產國
家印度,粗鋼產量有逐年增長趨勢,2022年美國、日本、俄羅斯粗鋼產量較前年則有下降。

Major countries with increasing crude steel production in the world: Although China‘s crude steel production will decline in 2022, it will still account for more than 50%, accounting for half of the world . In India, the second largest producer of crude steel, the output of crude steel is increasing year by year. In 2022, the output of crude steel in the United States, Japan, and Russia will decrease compared with the previous year. 資料來源 : World Steel Association

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3.2016~2023M2 國際廢鋼、鐵礦石價格走勢

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

USD/MT
700 USD665/MT
600
500
400
Scrap
USD445/MT
300
USD230/MT
200
Iron Ore
USD190/MT
100
USD127/MT
- U SD41/MT
62% Iron Ore Import Scrap No.1 HMS
----- End of picture text -----

 資料來源:My steel、豐興

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二、中國進出口狀況 / China's import and export status

1.2013~2022年中國鋼材出口統計-2022年出口月均量與2021年維持相當
  2013~2022 Mainland China Steel Product Export Statistic –
Average monthly export volume in 2022 will remain the same as in 2021
單位:萬噸
1
Jan
2
Feb
3月
Mar
4
Apr
5
May
6
Jun
7
Jul
8
Aug
9
Sep
10
Oct
11
Nov
12
Dec
月均量
Monthly
AVG
與去年比
Compare
to last
year
2013 492 424 528 555 541 529 515 614 492 507 500 537 520
2014 677 480 676 754 807 707 806 776 852 855 972 1,017 782 150%
2015 1,029 780 770 854 920 889 971 973 1,125 902 961 1,066 937 120%
2016 974 811 998 908 942 1,094 1,030 901 880 770 812 780 908 97%
2017 742 575 756 649 698 681 696 652 514 498 535 567 630 69%
2018 465 485 565 647 688 694 589 588 595 550 530 556 579 92%
2019 619 451 633 633 574 531 557 501 553 478 458 468 538 93%
2020 404 378 648 631 440 370 418 368 383 404 440 485 447 83%
2021 533 481 754 797 527 646 557 505 492 450 436 503 557 124%
2022 433 391 495 498 776 756 677 615 498 518 559 540 563 101%

2022 年出口月均量 563 萬噸,相較 2021 年出口月均量 557 萬噸成長 1%

The average monthly export volume in 2022 is 5.63 million tons, an increase of 1% compared with the average monthly export volume of 5.57 million tons in 2021.

資料來源 : 西本新干線 / Data Source: Xiben New Line

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2. 2013~2022年中國鋼材出口走勢–2022年出口量起伏,但月均 量較2021年仍維持相當

2013~2022 China‘s steel export - The export volume in 2022 will
fluctuate, but the monthly average volume will remain comparable to
that in 2021

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

12.00
1,125
萬 萬噸

10.00
797
776
萬噸
萬噸
8.00
6.00
4.00
368
萬噸
2.00
0.00
May-13 Jul-13 Sep-13 Nov-13 Jan-14 Mar-14 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Jul-15 Sep-15 Nov-15 Jan-16 Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17 Mar-17 May-17 Jul-17 Sep-17 Nov-17 Jan-18 Mar-18 May-18 Jul-18 Sep-18 Nov-18 Jan-19 Mar-19 May-19 Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20 Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 May-22 Jul-22 Sep-22 Nov-22
----- End of picture text -----

資料來源 : 西本新干線 / Data Source: Xiben New Line

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3.2022年大陸鋼品出口統計

2022 China’s Steel Product Export Statistic

項 目 Item
成 品 Product
2022年月均量
2022 Monthly Average
2022年月均量
2022 Monthly Average
2021年月均量
2021 Monthly Average
2020年月均量
2020 Monthly Average
2021年月平均
數量(MT)
Quantity(MT)
年月均成長率
Monthly
Average
Growth(%)
數量(MT)
Quantity(MT)
數量(MT)
Quantity(MT)
較2020年月平
均增減情形
成品Finished Product 5,629,583 1.1% 5,567,583 4,472,750 24%
半成品Semi-Finished
Product(carbon steel
blanks)
84,361 2801.7% 2,907 1,376 111%

4.2022年大陸鋼品進口統計

2022 China’s Steel Product Import Statistic

項 目 Item
成 品 Product
2022年月均量
2022 Monthly Average
2022年月均量
2022 Monthly Average
2021年月均量
2021 Monthly Average
2020年月均量
2020 Monthly Average
2021年月平均
數量(MT)
Quantity(MT)
年月均成長率
Monthly
Average
Growth(%)
數量(MT)
Quantity(MT)
數量(MT)
Quantity(MT)
較2020年月平
均增減情形
成品Finished Product 880,667 -25.9% 1,189,083 1,686,000 -29%
半成品Semi-Finished
Product(carbon steel
blanks)
394,009 -60.4% 995,791 1,445,979 -31%
重熔廢鋼Remelting scrap 24,916 -25.8% 33,575 502 6583%

資料來源 : Mysteel / Data Source: Mysteel

P25

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5. 2013~2022年中國重熔廢鋼進口走勢

2013~2022 China's Remelting scrap import trends

==> picture [676 x 350] intentionally omitted <==

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

中國重熔廢鋼進口量 ( 萬噸 )
500
436
450
400

350

300
247
250 222 206 223
200
150 120
100
40
30
50 6 1
-
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
年度 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
進口量
436 247 222 206 223 120 6 1 40 30
( 萬噸 )
----- End of picture text -----

註:2022年累計進口量為298,990噸

資料來源 : ITC TRADE MAP / Data Source: ITC TRADE MAP

P26

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三、台灣進出口狀況 / Taiwan’s import and export status
1.2022年台灣條鋼類主要鋼品進口統計

2022 Taiwan Bar Product Import Statistic

項目Item
產品
Product
2022112月平均
2022 JanDec Monthly Ave.
2022112月平均
2022 JanDec Monthly Ave.
2022112月平均
2022 JanDec Monthly Ave.
2021年月平均
2021 Monthly Ave.
2021年月平均
2021 Monthly Ave.
2020年月平均
2020 Monthly Ave.
2020年月平均
2020 Monthly Ave.
2021年月平均
數量(MT)
Quantity(MT)
年月均量成長率
Monthly Ave.
Growth(%)
單價($/kg)
Price($/kg)
數量(MT)
Quantity(MT)
單價($/kg)
Price($/kg)
數量(MT)
Quantity(MT)
單價($/kg)
Price($/kg)
較2020年月平
均增減情形
廢鋼
Scrap
230,902 -3.6% 13.21 239,465 12.10 276,007 7.53 -13%
小鋼胚
Billet
151,057 -9.4% 19.53 166,801 18.13 129,594 12.82 29%
鋼筋
Rebar
53 -25.4% 30.91 71 32.57 41 38.11 73%
型鋼
Merchant Bar
5,108 -0.9% 42.23 5,154 34.56 4,766 26.13 8%
H型鋼
H-Beam
4,356 -30.4% 26.71 6,256 22.29 5,188 18.15 21%
盤元(14mm)
BIC(14mm)
29,693 -56.3% 25.89 67,906 22.03 42,700 16.35 59%
盤元(14mm)
BIC(14mm)
2,231 -44.3% 33.15 4,005 26.09 2,903 21.95 38%
直棒
Round Bar
19,206 -37.4% 45.29 30,694 33.60 21,244 27.70 44%

P27

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2.2022年台灣條鋼類主要鋼品出口統計

2022 Taiwan Bar Product Export Statistic

項目Item
產品
Product
2022112月平均
2022 JanDec Monthly Ave.
2022112月平均
2022 JanDec Monthly Ave.
2022112月平均
2022 JanDec Monthly Ave.
2021年月平均
2021 Monthly Ave.
2021年月平均
2021 Monthly Ave.
2020年月平均
2020 Monthly Ave.
2020年月平均
2020 Monthly Ave.
2021年月平均
數量(MT)
Quantity(MT)
年月均量成長率
Monthly Ave.
Growth(%)
單價($/kg)
Price($/kg)
數量(MT)
Quantity(MT)
單價($/kg)
Price($/kg)
數量(MT)
Quantity(MT)
單價($/kg)
Price($/kg)
較2020年月平
均增減情形
廢鋼
Scrap
3,479 -52.8% 21.76 7,369 15.96 3,331 13.53 121%
小鋼胚
Billet
1,442 23933.3% 17.80 6 33.44 8 31.35 -25%
鋼筋
Rebar
4,429 -77.9% 25.80 20,015 23.88 9,225 13.98 117%
型鋼
Merchant Bar
13,553 -25.4% 27.04 18,169 22.17 13,201 16.6 38%
H型鋼
H-Beam
7,119 -3.5% 26.60 7,378 24.46 4,943 17.85 49%
盤元(14mm)
BIC(14mm)
10,216 4.8% 29.05 9,745 26.59 9,796 20.88 -1%
盤元(14mm)
BIC(14mm)
4,768 0.7% 28.28 4,737 24.36 4,321 18.4 10%
直棒
Round Bar
12,029 -11.0% 54.59 13,515 42.90 10,598 39.27 28%

P28

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四、鋼筋產業 / Rebar industry

1.2010~2022/M1-11年國內鋼筋表面消費量

2010~2022/M1-11 Domestic Rebar surface consumption

500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
千噸
4,988
5,661
5,730
5,794
6,060
5,621
4,692
4,709
5,232
5,488
5,817
6,063
6,079
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022年化
2022M1-11
2021M1-11
同期比
2022M1-11
2020M1-11
同期比
單位:千公噸
年別 / Year 2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022年化2022/M1-11
5,126
5,843
5,779
5,870
6,162
5,772
4,960
4,879
5,425
5,635
5,927
6,302
6,136
5,624
4
3
3
2
5
1
1
2
2
0
0
1
1
1
142
185
53
78
107
151
269
171
195
147
110
240
57
53
4,988
5,661
5,730
5,794
6,060
5,621
4,692
4,709
5,232
5,488
5,817
6,063
6,079
5,572
BASE
113%
115%
116%
121%
113%
94%
94%
105%
110%
117%
122%
122%
生產/ Production ( A )
進口/ Import ( B )
出口/ Export ( C )
表面消費量(D=A+B-C)
Apparent Consumption
-1.6%
-25.4%
-77.5%
1.7%
4.4%
43.5%
-48.0%
5.4%

表面消費成長%
Growth of Apparent
Consumption%
  • 備註 : 1. 資料來源 : 台灣鋼鐵工業同業公會網站 ( 生產、出貨、庫存統計、產品別進出口統計資料查詢 )

  • Data Source: TSIIA Website(Production 、 Delivey, Inventroy,Product tpye Import/Export date search)

  • 表面消費量以 2010 年為基期 (Base) ,各年度成長率係與基期相比。

Apperant Consumption is calculated by using 2010 figures as base.

P29

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2.2012~2022年營建統計-台灣地區歷年核發建築物建照執照統計 2012~2022 Construction Statistic – Taiwan Building Construction Permit Approval Statistic

==> picture [704 x 236] intentionally omitted <==

單位:件;千平方公尺
年別Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
件數Case 31,669 32,991 31,994 27,643 22,511 25,035 20,136 27,143 25,980 26,089 23,257
總樓地板面積
Total Floor Area
32,883 39,760 38,635 32,596 26,235 29,884 33,984 36,928 41,521 43,425 45,828
與去年同期比(%) - 4.2% -3.0% -13.6% -18.6% 11.2% -19.6% 34.8% -4.3% 0.4% -10.9%
- 20.9% -2.8% -15.6% -19.5% 13.9% 13.7% 8.7% 12.4% 4.6% 5.5%

資料來源:內政部營建署營建業務指標 / Data Source: Construction and Planning Agency, MOI , construction business metrics

P30

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3.2018/Q1~2022/Q4營建統計-台灣地區近四年逐季核發建築物建照執照 統計 2018/Q1~2022/Q4 Statistics of building construction licenses quarterly in the past four years in Taiwan

單位:件;千平方公尺 單位:件;千平方公尺 單位:件;千平方公尺 單位:件;千平方公尺 單位:件;千平方公尺 單位:件;千平方公尺 單位:件;千平方公尺 單位:件;千平方公尺 單位:件;千平方公尺 單位:件;千平方公尺 單位:件;千平方公尺 單位:件;千平方公尺 單位:件;千平方公尺 單位:件;千平方公尺 單位:件;千平方公尺 單位:件;千平方公尺
年別Year 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4 2022Q1 2022Q2 2022Q3 2022Q4
件數Case 5,664 7,288 6,982 7,209 5,900 6,533 6,927 6,620 6,404 6,843 6,649 6,193 5,626 6,334 5,616 5,681
總樓地板面積
Total Floor Area
7,690 9,855 9,340 10,042 9,334 11,247 10,672 10,268 10,643 9,139 11,430 12,214 10,717 11,143 11,821 12,147
與上季比(%) -21.4% 28.7% -4.2% 3.3% -18.2% 10.7% 6.0% -4.4% -3.3% 6.9% -2.8% -6.9% -9.2% 12.6% -11.3% 1.2%
-21.7% 28.2% -5.2% 7.5% -7.1% 20.5% -5.1% -3.8% 3.7% -14.1% 25.1% 6.9% -12.3% 4.0% 6.1% 2.8%
與去年同期比(%) - - 4.2% 0.0% 4.2% -10.4% -0.8% -8.2% 8.5% 4.7% -4.0% -6.5% -12.1% -7.4% -15.5% -8.3%
- - 19.5% 2.2% 21.4% 14.1% 14.3% 2.3% 14.0% -18.7% 7.1% 19.0% 0.7% 21.9% 3.4% -0.5%

資料來源:內政部營建署營建業務指標/ Data Source: Construction and Planning Agency, MOI , construction business metrics

P31

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4.豐興鋼筋銷售 & 國內市佔率 Feng Hsin’s Rebar Sales & Domestic Market Share

6%
8%
10%
12%
14%
16%
18%
238,947
264,285
215,425
234,542
214,970
257,313
226,045
236,221
235,313
0
50,000
100,000
150,000
200,000
250,000
300,000
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
豐興市佔率
FH Market Share
豐興銷售量
FH Sales
238,947
264,285
215,425
234,542
214,970
257,313
226,045
236,221
235,313
0
50,000
100,000
150,000
200,000
250,000
300,000
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
豐興市佔率
FH Market Share
豐興銷售量
FH Sales
238,947
264,285
215,425
234,542
214,970
257,313
226,045
236,221
235,313
0
50,000
100,000
150,000
200,000
250,000
300,000
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
豐興市佔率
FH Market Share
豐興銷售量
FH Sales
238,947
264,285
215,425
234,542
214,970
257,313
226,045
236,221
235,313
0
50,000
100,000
150,000
200,000
250,000
300,000
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
豐興市佔率
FH Market Share
豐興銷售量
FH Sales
238,947
264,285
215,425
234,542
214,970
257,313
226,045
236,221
235,313
0
50,000
100,000
150,000
200,000
250,000
300,000
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
豐興市佔率
FH Market Share
豐興銷售量
FH Sales
238,947
264,285
215,425
234,542
214,970
257,313
226,045
236,221
235,313
0
50,000
100,000
150,000
200,000
250,000
300,000
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
豐興市佔率
FH Market Share
豐興銷售量
FH Sales
238,947
264,285
215,425
234,542
214,970
257,313
226,045
236,221
235,313
0
50,000
100,000
150,000
200,000
250,000
300,000
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
豐興市佔率
FH Market Share
豐興銷售量
FH Sales
238,947
264,285
215,425
234,542
214,970
257,313
226,045
236,221
235,313
0
50,000
100,000
150,000
200,000
250,000
300,000
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
豐興市佔率
FH Market Share
豐興銷售量
FH Sales
238,947
264,285
215,425
234,542
214,970
257,313
226,045
236,221
235,313
0
50,000
100,000
150,000
200,000
250,000
300,000
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
豐興市佔率
FH Market Share
豐興銷售量
FH Sales
238,947
264,285
215,425
234,542
214,970
257,313
226,045
236,221
235,313
0
50,000
100,000
150,000
200,000
250,000
300,000
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
豐興市佔率
FH Market Share
豐興銷售量
FH Sales
238,947
264,285
215,425
234,542
214,970
257,313
226,045
236,221
235,313
0
50,000
100,000
150,000
200,000
250,000
300,000
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
豐興市佔率
FH Market Share
豐興銷售量
FH Sales
238,947
264,285
215,425
234,542
214,970
257,313
226,045
236,221
235,313
0
50,000
100,000
150,000
200,000
250,000
300,000
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
豐興市佔率
FH Market Share
豐興銷售量
FH Sales
238,947
264,285
215,425
234,542
214,970
257,313
226,045
236,221
235,313
0
50,000
100,000
150,000
200,000
250,000
300,000
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
豐興市佔率
FH Market Share
豐興銷售量
FH Sales
238,947
264,285
215,425
234,542
214,970
257,313
226,045
236,221
235,313
0
50,000
100,000
150,000
200,000
250,000
300,000
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
豐興市佔率
FH Market Share
豐興銷售量
FH Sales
238,947
264,285
215,425
234,542
214,970
257,313
226,045
236,221
235,313
0
50,000
100,000
150,000
200,000
250,000
300,000
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
豐興市佔率
FH Market Share
豐興銷售量
FH Sales
238,947
264,285
215,425
234,542
214,970
257,313
226,045
236,221
235,313
0
50,000
100,000
150,000
200,000
250,000
300,000
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
豐興市佔率
FH Market Share
豐興銷售量
FH Sales
238,947
264,285
215,425
234,542
214,970
257,313
226,045
236,221
235,313
0
50,000
100,000
150,000
200,000
250,000
300,000
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
豐興市佔率
FH Market Share
豐興銷售量
FH Sales
238,947
264,285
215,425
234,542
214,970
257,313
226,045
236,221
235,313
0
50,000
100,000
150,000
200,000
250,000
300,000
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
豐興市佔率
FH Market Share
豐興銷售量
FH Sales
238,947
264,285
215,425
234,542
214,970
257,313
226,045
236,221
235,313
0
50,000
100,000
150,000
200,000
250,000
300,000
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
豐興市佔率
FH Market Share
豐興銷售量
FH Sales
238,947
264,285
215,425
234,542
214,970
257,313
226,045
236,221
235,313
0
50,000
100,000
150,000
200,000
250,000
300,000
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
豐興市佔率
FH Market Share
豐興銷售量
FH Sales
238,947
264,285
215,425
234,542
214,970
257,313
226,045
236,221
235,313
0
50,000
100,000
150,000
200,000
250,000
300,000
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
豐興市佔率
FH Market Share
豐興銷售量
FH Sales
238,947
264,285
215,425
234,542
214,970
257,313
226,045
236,221
235,313
0
50,000
100,000
150,000
200,000
250,000
300,000
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
豐興市佔率
FH Market Share
豐興銷售量
FH Sales
238,947
264,285
215,425
234,542
214,970
257,313
226,045
236,221
235,313
0
50,000
100,000
150,000
200,000
250,000
300,000
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
豐興市佔率
FH Market Share
豐興銷售量
FH Sales
238,947
264,285
215,425
234,542
214,970
257,313
226,045
236,221
235,313
0
50,000
100,000
150,000
200,000
250,000
300,000
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
豐興市佔率
FH Market Share
豐興銷售量
FH Sales
238,947
264,285
215,425
234,542
214,970
257,313
226,045
236,221
235,313
0
50,000
100,000
150,000
200,000
250,000
300,000
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
豐興市佔率
FH Market Share
豐興銷售量
FH Sales
238,947
264,285
215,425
234,542
214,970
257,313
226,045
236,221
235,313
0
50,000
100,000
150,000
200,000
250,000
300,000
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2022Q1
2022Q2
2022Q3
豐興市佔率
FH Market Share
豐興銷售量
FH Sales
238,382
230562
237,376
238,947
264,285
234542
257,313
226045
236,221

,
212,918
215,425
,
214,970
,

235,313
165,150
199,644
2018QAVG
2019QAVG
2020QAVG
2021QAVG
2020Q1
2020Q2
2020Q3
2020Q4
2021Q1
2021Q2
2021Q3
2021Q4
2018QAVG 2019QAVG 2020QAVG 2021QAVG 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4 2022Q1 2022Q2 2022Q3 2021/Q3
同期比
2020/Q3
同期比
2022/M1-11
豐興銷售量
FH Sales
165,150 199,644 238,382 230,562 212,918 237,376 238,947 264,285 215,425 234,542 214,970 257,313 226,045 236,221 235,313 9.46% -1.52% 859,927
全國銷售量
Nation Sales
1,414,837 1,501,117 1,647,338 1,665,136 1,572,680 1,626,835 1,620,965 1,768,871 1,611,083 1,703,999 1,544,909 1,800,553 1,646,205 1,656,384 1,718,523 11.24% 6.02% 6,137,315
豐興市佔率
FH Market Shar
e
11.7%
13.3% 14.5% 13.8% 13.5% 14.6% 14.7% 14.9% 13.4% 13.8% 13.9% 14.3% 13.7% 14.3% 13.7% -1.60% -7.11% 14.0%

111 Q4 豐興鋼筋出貨總量為 266,131 (88,710 / ) / Feng Hsin Rebar Sales QuantityFrom 2022/Q4 was 266,131 mt(average 88,710 mt/monthly)

2021/Q3 同期比係 2022/Q3 2021/Q3 比較 與 2020/Q3 同期比係 2022/Q3 2020/Q3 比較

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五、廢鐵原料與產品行情走勢

Scrap iron raw materials and product market trends 1.豐興廢鐵與成品行情趨勢

    Feng Hsin’s Scrap and Finished Product market trends

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31
29
27
25
23
21
19
17
15
13
11
9
7
5
2021/1 2021/2 2021/3 2021/4 2021/5 2021/6 2021/7 2021/8 2021/9 2021/10 2021/11 2021/12 2022/1 2022/2 2022/3 2022/4 2022/5 2022/6 2022/7 2022/8 2022/9 2022/10 2022/11 2022/12 2023/01 2023/02
國內廢鋼基價 /Domestic Scrap Base Price 9.4 10.1 9.9 10.9 11.4 11.4 11.4 11.2 12.0 12.4 11.5 11.5 11.8 12.6 14.8 14.2 12.8 11.3 9.6 10.3 10.4 10.4 10.0 11.0 12.2 11.6
型鋼基價 /Merchant Base Price 23.8 23.8 24.3 24.8 27.0 27.0 27.0 27.0 27.0 27.0 26.5 26.5 26.5 27.1 28.6 29.4 28.6 28.6 27.8 26.8 26.8 26.8 26.3 26.3 26.8 27.6
鋼筋牌價 /Rebar Base Price 19.1 19.1 19.0 20.6 22.7 23.0 23.2 22.6 23.1 23.4 22.3 21.5 21.4 22.3 25.1 24.7 23.3 21.6 19.8 20.6 20.0 19.8 19.4 20.3 21.2 20.6
條線基價 /SBQ Base Price 25.4 25.4 26.4 27.4 28.9 29.4 29.4 29.4 29.4 29.4 29.4 29.4 28.9 28.9 30.9 30.9 30.9 29.9 28.9 27.9 27.4 27.4 26.4 25.9 25.9 26.6
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資料來源:豐興鋼鐵 / Data Source:Feng Hsin

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2.豐興廢鐵與成品價差行情趨勢

Feng Hsin’s Scrap and Finished Product Price Difference market trends

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19
17
15
13
11
9
7
5
2020/10 2020/11 2020/12 2021/1 2021/2 2021/3 2021/4 2021/5 2021/6 2021/7 2021/8 2021/9 2021/10 2021/11 2021/12 2022/1 2022/2 2022/3 2022/4 2022/5 2022/6 2022/7 2022/8 2022/9 2022/10 2022/11 2022/12 2023/01 2023/02
國內廢鋼基價 /Domestic Scrap Base Price 7.4 8.0 10.7 9.4 10.1 9.9 10.9 11.4 11.4 11.4 11.2 12.0 12.4 11.5 11.5 11.8 12.6 14.8 14.2 12.8 11.3 9.6 10.3 10.4 10.4 10.0 11.0 12.2 11.6
型鋼與廢鋼價差 /Merchant VS. Scrap 12.7 12.6 12.1 14.4 13.7 14.4 13.9 15.6 15.6 15.6 15.8 15.0 14.6 15.0 15.0 14.7 14.5 13.8 15.2 15.8 17.3 18.2 16.5 16.4 16.4 16.3 15.3 14.6 16.0
鋼筋與廢鋼價差 /Rebar VS. Scrap 8.2 8.4 8.8 9.7 9.0 9.1 9.7 11.3 11.6 11.8 11.4 11.1 11.0 10.8 10.0 9.6 9.7 10.3 10.5 10.5 10.3 10.2 10.3 9.6 9.4 9.4 9.3 9.0 9.0
條線與廢鋼價差 /SBQ VS. Scrap 15.5 14.9 13.7 16.0 15.3 16.5 16.5 17.5 18.0 18.0 18.2 17.4 17.0 17.9 17.9 17.1 16.3 16.1 16.7 18.1 18.6 19.3 17.6 17.0 17.0 16.4 14.9 13.7 15.0
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資料來源:豐興鋼鐵 / Data Source:Feng Hsin

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Q&A

P35