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PI — Interim / Quarterly Report 2023
Sep 5, 2023
52009_rns_2023-09-05_4225aad8-0412-4e3d-a2f8-e9ad15da60cc.pdf
Interim / Quarterly Report
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Pan-International Industrial Corp. Investor Conference
Sep. 5, 2023
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© 2023 廣宇科技股份有限公司著作權所有。 Pan-International Industrial Corp., Ltd. All rights reserved.
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Disclaimer
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This presentation contains company’s information from inside and outside sources, and forward-looking statements about our future results of operation, financial condition, and business prospects. However, the actual results of forward-looking statements may materially differ from those explicitly or implicitly indicated in this presentation due to a variety of reasons, including but not limited to global economic conditions, exchange rate fluctuation, market demand changes, and other risks and factors beyond company’s controls.
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Except as required by law, forward-looking statements in this presentation only reflect the current view of the company as of the date it released, the company undertakes no obligation to update or revise any forward-looking statements for events or circumstances that occur subsequently.
The company undertakes no obligation to declare or guarantee those forward-looking statements in this presentation. About the accuracy, fairness, and completeness of statements, investors should judge those by themselves.
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© 2023 廣宇科技股份有限公司著作權所有。 Pan-International Industrial Corp., Ltd. All rights reserved.
Table of contents
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一. Q2&H1 Financial Results - Kuo, Shih Hua Spokesman 二. H2 Business Outlook - Tsai, Ming Feng GM 三. Recent Major Events - Kuo, Shih Hua Spokesman 四. Q&A
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© 2023 廣宇科技股份有限公司著作權所有。 Pan-International Industrial Corp., Ltd. All rights reserved.
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Q2 and H1 Financial Results
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© 2023 廣宇科技股份有限公司著作權所有。 Pan-International Industrial Corp., Ltd. All rights reserved.
2023 Q2 Consolidated Statement of Income Summary
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| (NTD K) | Q2/2023 | Q1/2023 | QoQ | Q2/2022 | YoY |
|---|---|---|---|---|---|
| Revenue | 6,217,119 | 6,080,658 | 2.24% | 6,211,599 | 0.09% |
| Grossprofit | 646,753 | 817,809 | -20.92% | 669,641 | -3.42% |
| Grossprofit rate | 10.40% | 13.45% | -3.05% | 10.78% | -0.38% |
| Operating expense | (372,090) | (371,918) | 0.05% | (331,994) | 12.08% |
| Operating profit | 274,663 | 445,891 | -38.40% | 337,647 | -18.65% |
| Operating profit rate | 4.42% | 7.33% | -2.92% | 5.44% | -1.02% |
| Non-operating items | 192,926 | (6,016) | 79,977 | 141.23% | |
| Netprofit before tax | 467,589 | 439,875 | 6.30% | 417,624 | 11.96% |
| Netprofit after tax | 359,527 | 339,784 | 5.81% | 294,778 | 21.97% |
| Netprofit rate | 5.78% | 5.59% | 0.19% | 4.75% | 1.04% |
| EPS | 0.62 | 0.57 | 0.51 | ||
| ROE | 2.45% | 2.22% | 2.15% |
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© 2023 廣宇科技股份有限公司著作權所有。 Pan-International Industrial Corp., Ltd. All rights reserved.
2023 H1 Consolidated Statement of Income Summary
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| (NTD K) | H1/2023 | H1/2022 | YoY |
|---|---|---|---|
| Revenue | 12,297,777 | 12,173,745 | 1.02% |
| Grossprofit | 1,464,562 | 1,284,998 | 13.97% |
| Grossprofit rate | 11.91% | 10.56% | 1.35% |
| Operating expense | (744,008) | (644,161) | 15.50% |
| Operating profit | 720,554 | 640,837 | 12.44% |
| Operating profit rate | 5.86% | 5.26% | 0.60% |
| Non-operating items | 186,910 | 147,238 | 26.94% |
| Netprofit before tax | 907,464 | 788,075 | 15.15% |
| Netprofit after tax | 699,311 | 576,832 | 21.23% |
| Netprofit rate | 5.69% | 4.74% | 0.95% |
| EPS | 1.20 | 0.93 | |
| ROE | 4.77% | 4.20% |
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© 2023 廣宇科技股份有限公司著作權所有。 Pan-International Industrial Corp., Ltd. All rights reserved.
2023 H1 Consolidated Balance Sheet Summary
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| (NTD K) | Q2/2023 | Q2/2023 | Q1/2023 | Q1/2023 | Q2/2022 | Q2/2022 |
|---|---|---|---|---|---|---|
| Amount | % | Amount | % | Amount | % | |
| Cash and equivalents | 7,013,710 | 30% | 7,507,168 | 31% | 6,565,035 | 29% |
| Accounts receivable | 6,501,476 | 27% | 6,154,892 | 25% | 5,745,086 | 25% |
| Inventory | 3,735,158 | 16% | 3,852,136 | 16% | 4,117,884 | 18% |
| Property, plant & equipments | 2,663,982 | 11% | 2,697,748 | 11% | 2,369,963 | 10% |
| Total Assets | 23,765,400 | 100% | 24,462,400 | 100% | 22,931,168 | 100% |
| Current liabilities | 8,653,746 | 36% | 8,652,662 | 35% | 8,725,562 | 38% |
| Non-current liabilities | 465,195 | 2% | 466,438 | 2% | 466,870 | 2% |
| Total liabilities | 9,118,941 | 38% | 9,119,100 | 37% | 9,192,432 | 40% |
| Total equity | 14,646,459 | 62% | 15,343,300 | 63% | 13,738,736 | 60% |
| A/R Turnover Days | 106 | 105 | 90 | |||
| Inventory Turnover Days | 67 | 70 | 78 | |||
| A/P Turnover Days | 91 | 95 | 93 |
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© 2023 廣宇科技股份有限公司著作權所有。 Pan-International Industrial Corp., Ltd. All rights reserved.
2023 Q2 Cash Flow Summary
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| (NTD K) | Q2/2023 | Q2/2022 |
|---|---|---|
| Cash at beginning | 6,713,571 | 6,241,785 |
| Operating cash flow | 2,500,178 | 441,458 |
| Capital expenditure | (456,333) | (427,881) |
| Short term loans | 1,400,829 | (568,216) |
| Investments & others | (3,144,535) | 877,889 |
| Cash at end | 7,013,710 | 6,565,035 |
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© 2023 廣宇科技股份有限公司著作權所有。 Pan-International Industrial Corp., Ltd. All rights reserved.
2023 H1 Revenue by Products
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© 2023 廣宇科技股份有限公司著作權所有。 Pan-International Industrial Corp., Ltd. All rights reserved.
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H2 Business Outlook
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© 2023 廣宇科技股份有限公司著作權所有。 Pan-International Industrial Corp., Ltd. All rights reserved.
2023 H2 Business Outlook
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Electric Consumer & PC
PCB
components related products
As
Lower than Better than
Expected
Expected Expected
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© 2023 廣宇科技股份有限公司著作權所有。 Pan-International Industrial Corp., Ltd. All rights reserved.
Optimize the Manufacturing Sites
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Wuhu Factory Wuhu, China • LV Harness • HV EV Harness Thailand Factory Pachinburi, Thailand • Auto-Electronics Cable
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- Expand Wuhu and Thailand Manufacturing Sites
• Set-up Solar Energy System in New Buildings
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© 2023 廣宇科技股份有限公司著作權所有。 Pan-International Industrial Corp., Ltd. All rights reserved.
More Focus on Automotive Fields
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- Dig out new Auto Customers
• More Focus on Automotive Electronics Cable/Harness
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© 2023 廣宇科技股份有限公司著作權所有。 Pan-International Industrial Corp., Ltd. All rights reserved.
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Recent Major Events
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Recent Major Events Summary
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All directors were re-elected in 6/9 AGM.
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Total 7 directors were elected, including 4 Independent directors (majority) and 2 female directors (29%).
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Mr. Lee, Kuang-Yao was elected as Chairman by the Board of Directors, and Mr. Tsai, Ming-Feng as GM.
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Cash dividend, NTD 1.4 per share was approved by the Board of Directors. Exdividend record date was 9/2, ex-dividend trading date was 8/25, and dividend payment date is 9/25.
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Nomination Committee was set up in 3/14, to improve the functions of the Board of Directors, and to strengthen the director nomination mechanism.
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Solar power plant installation was completed at the Dongguan factory to increase the usage of green power. Solar power plants are planning to install at Yantai, Malaysia and Thailand factories.
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Q&A
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Thank you
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