AI assistant
H.C. — Investor Presentation 2017
Nov 8, 2017
51789_rns_2017-11-08_5e95d12c-fdac-4980-8bb4-b9a457548cc8.pdf
Investor Presentation
Open in viewerOpens in your device viewer
==> picture [144 x 158] intentionally omitted <==
宜進實業股份有限公司 Yi Jinn Industrial Co., Ltd.
==> picture [180 x 67] intentionally omitted <==
==> picture [138 x 67] intentionally omitted <==
2017 法人說明會
1
簡報內容方式
==> picture [617 x 205] intentionally omitted <==
----- Start of picture text -----
Hung
Kwang Conclusion
Yi &A
Q
Chou
Ming
Jinn
----- End of picture text -----
、
IntroductionsManufacturing
、
Capacity and OutputIncome statement
==> picture [107 x 71] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
2
==> picture [234 x 450] intentionally omitted <==
==> picture [107 x 71] intentionally omitted <==
==> picture [448 x 450] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
3
==> picture [684 x 90] intentionally omitted <==
==> picture [144 x 158] intentionally omitted <==
宜進實業股份有限公司 Yi Jinn Industrial Co., Ltd.
Institutional investors of 2017
==> picture [107 x 71] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
4
Introduction of Yi Jinn
-
Establishment
:1981 -
Concept
:Innovation, Integrity, Growth and Collaboration -
Main Operation: Business of man-made and nature fiber, real
-
estate
-
。 -
Purchase factory in Tainan(2011), which produce POY&DTY
-
Acquisition Kwang Ming by stocks (2013) in 46.56%
-
Acquisition Hung Chou by stocks (2015) in 40.57%
-
Capital
:NTD3 billion -
Revenue in 2016
:NTD4.6 billion
==> picture [107 x 71] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
5
Construction
==> picture [630 x 402] intentionally omitted <==
----- Start of picture text -----
Shareholders
Supervisor
Board of directors
Interior audit
Chairman
CEO
CEO room Accountant Sales Tainan
Out sourcing
----- End of picture text -----
6
加工絲假撚製造過程
==> picture [107 x 71] intentionally omitted <==
==> picture [304 x 390] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
Yi Jinn-Tainan factory
Main product:DTY
-
•Total facilities:20 -
•Average operating:13
| Facilities | Amount | ||
| Murat 33H single-ply | 2 | ||
| Murat 33H double-ply | 2 | ||
| BarmagM900 | 1 | ||
| BarmagM80 | 3 | ||
| TMT ATF-21 | 4 | ||
| TEIJIN HTS-1500 | 8 |
==> picture [107 x 71] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
8
Out source processing
==> picture [162 x 162] intentionally omitted <==
Out sourcing : industrial TAPE Application : facility of aviation and transportation Area : USA, Japan, France…etc. Selling volume : 154,538 thousand yards in 2015
==> picture [144 x 144] intentionally omitted <==
145,824 thousand yards in 2016 114,896 thousand yards in 2017(Jan~Sep)
Business proportion : 38%
==> picture [107 x 71] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
9
Income statement of Yi Jinn
Unit:thousand NTD
Unit:thousand NTD |
2016 | % | First half of 2017 | % |
|---|---|---|---|---|
| Sales revenue | 4,582,499 | 2,480,288 | ||
| Costs | 4,292,634 | 2,224,783 | ||
| Gross profit | 289,865 | 6 | 255,505 | 10 |
| Profit | 33,932 | 58,432 | ||
| EPS | 0.26 | 0.09 |
==> picture [107 x 71] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
10
==> picture [684 x 90] intentionally omitted <==
==> picture [582 x 173] intentionally omitted <==
==> picture [70 x 37] intentionally omitted <==
Institutional investors of 2017
==> picture [107 x 71] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
11
Introduction of Hung Chou
-
Establishment
:1968 -
Set up on Dihua street
-
Produce and sale POY
-
Acquire by Yi Jinn in 2015
-
Relocate in Neihu district in order to have better development
-
Capital
:NTD1.3 billion -
Revenue in 2016
:NTD2.2 billion
==> picture [107 x 71] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
12
Construction
Shareholders
Supervisor
Board of directors
Interior audit
Chairman
CEO
CEO room Accountant Sales Guishan factory
==> picture [107 x 71] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
13
聚酯纖維製造
==> picture [107 x 71] intentionally omitted <==
==> picture [304 x 390] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
14
宜進實業股份有限公司
2017/11/8
聚酯纖維製造過程
==> picture [651 x 322] intentionally omitted <==
----- Start of picture text -----
PTA EG
Direct Spinning Staple
Spinning
Polymer
Spinning
POY DTY
Melt
chips SSP Chips
Solid-state
polymerization
----- End of picture text -----
==> picture [107 x 71] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
15 15
Hung Chou- Guishan factory
Main product:
Poly chip & Poly fiber
•Polymerization capacity:9,000T/month
Recent output:7,200T/month
•POY production line capacity:8,000T/month
Recent output:6,570T/month
==> picture [258 x 178] intentionally omitted <==
==> picture [107 x 71] intentionally omitted <==
Facility Amount Polymerization 1 line POY production line 20 line
==> picture [90 x 44] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
16
Income statement of Hung Chou
Unit : thousand NTD
Unit:thousand NTD |
2016 | % | First half of 2017 | % |
|---|---|---|---|---|
| Sales revenue | 2,192,734 | 1,578,484 | ||
| Costs | 2,188,940 | 1,517,385 | ||
| Gross profit | 3,794 | - | 61,099 | 4 |
| Profit | (62,606) | 22,152 | ||
| EPS | (0.47) | 0.17 |
==> picture [107 x 71] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
17
==> picture [684 x 90] intentionally omitted <==
Kwang Ming Institutional investors of 2017
==> picture [107 x 71] intentionally omitted <==
==> picture [216 x 107] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
18
Introduction of Kwang Ming
-
Establishment
:1966 -
Set up in Beitou and Taoyuan
-
• Relocate in Taipei City in 1995
-
• Main business: man-made cotton, nylon, silk…etc.
-
• Acquire by Yi Jinn in 2013
-
• Expand Fiber Production Division in 2015,become upstream manufacturer. Start to produce and sale DTY
-
Capital
:NTD400 million -
Revenue in 2016
:NTD960 million
==> picture [107 x 71] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
19
Construction of Kwang Ming
Shareholders
supervisor
Board of directors
Auditorail room
Remuneration committee charter
Chairman
CEO
CEO roomPlanning department
Fabric production division Fiber production division
Administrative department Fabric production division
==> picture [107 x 71] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
20
加工絲假撚製造過程
==> picture [107 x 71] intentionally omitted <==
==> picture [304 x 390] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
21
Kwang Ming- 織造事業部 (Guanyin factory)
-
Main product:100% poly- -
•Output of 2016:19,500 thousand yards
woven
fabric
-
•Monthly average output: 1,200 thousand yards -
Business proportion:30%
Facility Amount Air-jet loom 105 Water-jet loom 36 Analyzing facility 10
==> picture [107 x 71] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
22
Kwang Ming- 纖維事業部 (Guishan factory)
•Total facilities:20 sets
Main product:DTY Business proportion:66%
•Average operating:15 sets
==> picture [276 x 196] intentionally omitted <==
Facilities Amount TMTATF-12 4 TMTATF-21 8 MURATA 33H 5 BARMAG-M80 3
==> picture [70 x 37] intentionally omitted <==
==> picture [107 x 71] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
23
Income statement of Kwang Ming
Unit:thousand NTD
Unit:thousand NTD |
2016 | % | First half of 2017 | % |
|---|---|---|---|---|
| Sales revenue | 962,458 | 550,429 | ||
| Costs | 886,902 | 490,248 | ||
| Gross profit | 75,556 | 8 | 60,181 | 11 |
| Profit | 23,120 | 34,561 | ||
| EPS | 0.63 | 0.85 |
==> picture [107 x 71] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
24
SWOT analysis
W |
(S) Strength |
.High innovation, low cost, strong international marketing .High ambition .Flexible operating and vertical integration .Improvement of techniques, lower operating cost to maintain competitive advantage Op |
(O) portunit |
.Increasing of domestic and Asian markets .Develop both F fabric (fashion and function), to be more competitive. Combination of upstream and downstream industries, easy to develop innovative products ies |
|---|---|---|---|---|
| (W) eakness |
.Too focus on common products .Mainly focus on production, fewer crucial techniques .Hard to make market segment .Hard to join international organization, trading being obstructed es |
(T) Threats |
.Low price: highly competitive with South-east country, China and Korea .High price: high competitive with European country, USA and Japan .Low Tariff protection, easily be dumped |
==> picture [107 x 71] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
25
==> picture [684 x 90] intentionally omitted <==
==> picture [252 x 202] intentionally omitted <==
==> picture [168 x 101] intentionally omitted <==
Yi Jinn has been engaged in fiber industry for 36 years, from the peak to the growth, maintain our spirit of integrity and collaboration by keeping research and development. Integrate raw material, DTY and production of cloth by acquiring Kwang Ming and Hung Chou.
==> picture [107 x 71] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
™ 參與美國知名37.5 特殊火山紗聚酯纖維 生產供應鏈,加強與世界衣著品牌商接軌。
==> picture [64 x 82] intentionally omitted <==
37.5® is a comfort technology that improves human performance. 37.5[TM] 技術可以讓身體表現出更佳、更持久的體能 37.5[] C Optimum core temperature for performance 讓身體更有效地維持理想的核心溫度 37.5 % R.H. Optimum microclimate next to skin for comfort 讓皮膚表面的微氣候保持在最佳相對濕度 Recover faster, save energy, perform at a higher level and feel more comfortable in a wider range of environments. 在不同的環境氣候下讓體力消耗的較少,恢復的更快,表現的更好,讓 身體感覺更舒適。
==> picture [212 x 300] intentionally omitted <==
==> picture [107 x 71] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
27
28
==> picture [684 x 90] intentionally omitted <==
==> picture [288 x 155] intentionally omitted <==
==> picture [107 x 71] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
==> picture [684 x 90] intentionally omitted <==
==> picture [275 x 342] intentionally omitted <==
==> picture [107 x 71] intentionally omitted <==
Global Trend Agency Stylus published a report on Fashion in Climate Change, 37.5[®] as citing technology the answer in fabrics. Global Trend Agency Stylus 出版了一份關於服裝時尚與全球 氣候變遷的報告中,指出 37.5 科 技將會是現今及未來衣著布料的 答案。
==> picture [90 x 44] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
29
37.5® Supplier Requirements
- Quality 品質
==> picture [99 x 124] intentionally omitted <==
-
Integrity 正直
-
Intellectual Property
Protection 知識財產保護
-
Fair Pricing 合理的價格
-
Customer Service 客戶服務
==> picture [107 x 71] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
30
Concept of leading
==> picture [180 x 254] intentionally omitted <==
Maintaining the attitude of innovation,
integrity, growth and collaboration from 1981.
Assistance and trust between relations of labor and
capital makes company stronger and stronger.
Our company keep developing high quality and
highly adding value products. We would improve our
production, and integrate upstream and lowstream in
the future, becoming much stronger Yi Jinn.
==> picture [70 x 37] intentionally omitted <==
Position:Chairman of YiJinn, Hung Chou and Kwang Ming
Chairman Cheng-Tien Chan
Chairman of Taiwan Textile Federation 14th & 15th
==> picture [107 x 71] intentionally omitted <==
B.O.D. Taiwan Man-made Fiber Industries Association
B.O.D. Chinese National Federation of Industries
==> picture [90 x 44] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
31
==> picture [684 x 90] intentionally omitted <==
Thank you for listening!
==> picture [70 x 37] intentionally omitted <==
Q&A
==> picture [107 x 71] intentionally omitted <==
==> picture [114 x 44] intentionally omitted <==
==> picture [90 x 44] intentionally omitted <==
32