PSC — Interim / Quarterly Report 2023

Aug 25, 2023

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2023.08.25

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• This document may contain forward-looking statements, including but not limited to statements that address activities, events or developments that the Company expects or anticipates to occur in the future. All statements are made according to the projection of future operation and various political, economic and market factors beyond the Company’s control. Therefore, the actual results may differ materially from those contained in the forward-looking statements.

• The financial information provided in the document has not fully been reviewed by accountant.

• This document is not and cannot be construed as an offer to purchase or sell securities or other financial products or solicitation of an offer.

• All texts, images, illustrations and other material are subject to copyright held by President Securities Corp. Any reproduction, dissemination, transmission, and forwarding is strictly prohibited without the express written permission of President Securities Corp.

President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Global Economic Overview

International trade is sluggish as the global economy's recovery progresses at a gradual pace.

• Based on the latest IMF forecast, global economic growth is projected to reach 3.0% in 2023 and remain unchanged in 2024.

• The IMF has also predicted a possible decline in global inflation from 8.7% to 6.8% this year.

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• With gradual interest rate hikes and easing inflation, optimism about the U.S. economy has emerged.

• The U.S. Department of Labor announced an annual growth rate of 3.2% for the Consumer Price Index (CPI) in July.

• The U.S. Department of Labor reported an unemployment rate of 3.5% for the month of July.

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China's real estate crisis hindered its economic recovery from meeting expectations.

• China reported a Q2 GDP growth rate of 6.3% in mid-July.

• The real estate investment market experienced a recession in the first half.

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Taiwan's export performance was weak in the first half.

• As per the Directorate General of Budget, the projected GDP growth for the second quarter of 2023 stood at 1.36%.

• The Consumer Price Index (CPI) saw an annual growth rate of 1.88% in July, with private consumption increasing by 12.14%.

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

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Brief Introduction President Futures Co.,LTD
Uni-President Asset Management Corp.
President Capital Management Corp.
Number of Date of President Insurance Agency Co., Ltd.
employees Incorporation PSC Venture Capital Investment Co., Ltd.
1,691
Product and Services
1988.12.17
Number
Brokerage, Proprietary Trading,
of Branches
Underwriting, Fixed Income Dealing, Affiliated
31
Financial Products, Shareholder Services,
Companies
Wealth Management & Trust, Capital
Offshore Securities Units
NTD 145.58
Billion President Securities (Hong Kong) Limited
統一綜合證券 President Wealth Management (HK) Ltd.President Securities (Nominee) Limited
President Securities Corporation JinYuan President Securities Co.,Ltd.
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統一綜合證券股份有限公司｜服務專線：(02)8172-4668 地址：台北市松山區東興路8號｜ 110年金管證總字第0067號

ITEM 2023 Q2 % 2022 Q2 % Current Assets 128,702 93% 87,004 91% Non-Current Assets 9,428 7% 8,688 9% Total Assets 138,130 100% 95,692 100% Current Liabilities 107,147 78% 66,752 70% Non-Current Liabilities 119 0% 184 0% Total Liabilities 107,266 78% 66,936 70% Capital Common Stock 14,558 10% 14,558 15% Other Equity 16,306 12% 14,198 15% Total Equity 30,864 22% 28,756 30% Unit：Million NTD Consolidated Balance Sheets	ITEM 2023 Q2 % 2022 Q2 % Current Assets 128,702 93% 87,004 91% Non-Current Assets 9,428 7% 8,688 9% Total Assets 138,130 100% 95,692 100% Current Liabilities 107,147 78% 66,752 70% Non-Current Liabilities 119 0% 184 0% Total Liabilities 107,266 78% 66,936 70% Capital Common Stock 14,558 10% 14,558 15% Other Equity 16,306 12% 14,198 15% Total Equity 30,864 22% 28,756 30% Unit：Million NTD Consolidated Balance Sheets	ITEM 2023 Q2 % 2022 Q2 % Current Assets 128,702 93% 87,004 91% Non-Current Assets 9,428 7% 8,688 9% Total Assets 138,130 100% 95,692 100% Current Liabilities 107,147 78% 66,752 70% Non-Current Liabilities 119 0% 184 0% Total Liabilities 107,266 78% 66,936 70% Capital Common Stock 14,558 10% 14,558 15% Other Equity 16,306 12% 14,198 15% Total Equity 30,864 22% 28,756 30% Unit：Million NTD Consolidated Balance Sheets
	Current Assets Non-Current Assets	128,702 93% 87,004 91% 9,428 7% 8,688 9%
	Total Assets	138,130 100% 95,692 100% 107,147 78% 66,752 70% 119 0% 184 0%
	Current Liabilities Non-Current Liabilities
	Total Liabilities	107,266 78% 66,936 70% 14,558 10% 14,558 15% 16,306 12% 14,198 15%
	Capital Common Stock Other Equity
	Total Equity	30,864 22% 28,756 30% Unit：Million NTD

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

ITEM 2023 Q2 % 2022 Q2 % Revenues 4,730 100% 2,556 100% Operating Expenses 3,332 70% 2,698 105% Operating Income 1,398 30% -142 -5% Other Income and Costs 415 9% 102 4% Income Before Tax 1,813 38% -40 -1% Income Tax Expense 180 4% 123 5% Net Income 1,633 35% -163 -6% Other Comprehensive Income -3 0% -93 -4% Total Comprehensive Income 1,630 34% -256 -10% EPS(NTD) 1.12 - -0.11 - Consolidated Income Statement	ITEM 2023 Q2 % 2022 Q2 % Revenues 4,730 100% 2,556 100% Operating Expenses 3,332 70% 2,698 105% Operating Income 1,398 30% -142 -5% Other Income and Costs 415 9% 102 4% Income Before Tax 1,813 38% -40 -1% Income Tax Expense 180 4% 123 5% Net Income 1,633 35% -163 -6% Other Comprehensive Income -3 0% -93 -4% Total Comprehensive Income 1,630 34% -256 -10% EPS(NTD) 1.12 - -0.11 - Consolidated Income Statement	ITEM 2023 Q2 % 2022 Q2 % Revenues 4,730 100% 2,556 100% Operating Expenses 3,332 70% 2,698 105% Operating Income 1,398 30% -142 -5% Other Income and Costs 415 9% 102 4% Income Before Tax 1,813 38% -40 -1% Income Tax Expense 180 4% 123 5% Net Income 1,633 35% -163 -6% Other Comprehensive Income -3 0% -93 -4% Total Comprehensive Income 1,630 34% -256 -10% EPS(NTD) 1.12 - -0.11 - Consolidated Income Statement
	Revenues	4,730 100% 2,556 100% 3,332 70% 2,698 105%
	Operating Expenses Operating Income Other Income and Costs Income Before Tax Income Tax Expense
		1,398 30% -142 -5% 415 9% 102 4%
		1,813 38% -40 -1% 180 4% 123 5%
	Net Income	1,633 35% -163 -6% -3 0% -93 -4%
	Other Comprehensive Income Total Comprehensive Income
		1,630 34% -256 -10%
	EPS(NTD)	1.12 - -0.11 -

Unit：Million NTD

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

5 Years Operating Performances

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100 MIL 億 營收Revenue 淨利Net Income
150
116.22
95.81
100
71.42
62.71
47.30
40.11
50 36.15
23.74
16.33
7.36
0
YEAR
2019 2020 2021 2022 2023 Q2 2023 Q2
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SOURCE：MOPS
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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Business Development

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PSC e-account :

https://webportal.ps cnet.com.tw/event_2 021001/index.php

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Brokerage Business

Market Position

In terms of both brokerage and financing balances, PSC has achieved a higher market share compared to the same period in 2022. Looking ahead, the department will persist in refining E- service capabilities and pursuing avenues for new business development.

Marketing Strategy

To enhance our sub-account business, we initiated the "From Gold On" marketing campaign, encouraging investors to open PSC e-accounts .

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Proprietary Trading

Operating Status

The proprietary trading department's strategic positioning allowed it to lead the market, seize opportunities effectively in Q2, achieve outstanding operational results, and successfully turn losses into profits.

Vision

Given the persistent market volatility, the department will maintain its conservative operational strategy.

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Business Development

Fixed Income Dealin g

Operating Strategy

As the rate hike cycle concludes, the department's operational strategy involves waiting for the peak of bond yields and increasing holdings at lower prices.

Business Development

The department will enhance collaboration with other departments to prioritize market demand and broaden the scope of service offerings.

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Underwriting Business

Underwriting Performance

The department has seen an increase in its market share compared to the first half of 2022, both in terms of market participation and underwriting amount.

Development Strategy

The department is actively involved in the market and is dedicated to increasing its market share in Initial Public Offerings (IPOs) and Secondary Public Offerings (SPOs).

Wealth Management

Investment Trust

Non-discretionary Money Trust ranks 8[th] in terms of assets under management. Foreign bonds have yielded exceptional performance this year.

Marketing Campaign

Launching an promotion for overseas bond trading, initiating a Dollar-Cost Averaging Award campaign for funds, and continuously optimizing services.

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Business Development

Quantitative Trading

Business Profile

The trading volumes for both proprietary business and market-making activities in futures and options have secured positions in the Top 3 . Additionally, the new business line CBAS has demonstrated significant and vigorous expansion.

Operating Strategy

The department will expand its Structured Notes business, consistently applying for new product approvals from the relevant authorities, thereby offering our customers a wide range of choices.

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Financial Product Business

Market Share

The Equity Options Business maintains its position with the third-highest market share , while the volume of Structured Notes secures a market share ranking of third, and the issuance of call (put) warrants attains a market share ranking of sixth.

Marketing Campaign

To respond to the tax reduction for warrant hedging, the department is designing new products and enhancing the quality of market making. This effort aims to offer investors improved leveraged options.

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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Environmental Protection

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Three
Aspects
Low Carbon Resource Sustainability
Green Procurement
Transition Management
Five
Sustainability Policies
Develop Digital Request Products Purchase Local Phase Out Old Regularly Raise Awareness of
Finance to Reduce With an Energy-consuming and Share Environmental
Carbon Footprint Environmental Label Products Equipment Sustainability Policies
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統一綜合證券股份有限公司｜服務專線：(02)8172-4668 地址：台北市松山區東興路8號｜ 110年金管證總字第0067號

Environmental Protection

Obtained at June, 2023

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Correspond with 《The Paris Agreement》 certified by CSR @ CommonWealth Magazine 「Temperature Rising Index for Pathways」

Only 94 enterprises up to standard in TW

ISO 14001 Environmental Management System Certificated by SGS at March, 2023

Environmental Sustainability Policy ．Develop Digital Finance ．Green Procurement ．Low Carbon target

ISO 14064-1 Greenhouse Gas Inventory

．Adopted from 2019 and inventory every year ．Expand the coverage of the inventory ．Certificated at May, 2023

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統一綜合證券股份有限公司｜服務專線：(02)8172-4668 地址：台北市松山區東興路8號｜ 110年金管證總字第0067號

Q&A

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