PSC — Interim / Quarterly Report 2023

Jun 1, 2023

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2023.06.01

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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

. Inflation and ongoing war pose continued threats, with the banking sector facing a crisis

• According to the latest forecast from the IMF, global economic growth is expected to reach 2.8% in 2023 and 3.0% in 2024.

• The IMF has also forecasted a potential decline in global inflation from 8.7% to 7.0% this year.

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As interest rates rise and inflation slows down, there is optimism about the U.S. economy entering a new phase of growth.

• The U.S. Department of Labor announced that annual growth rate of CPI in April was 4.9%.

• The U.S. Department of Labor announced that unemployment rate in April was 3.4%.

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China's post-pandemic era has led to the rise of its economic.

• China reported in mid-April that its Q1 GDP growth rate was 4.5%.

• The annual growth rate of retail consumer goods was prosperous.

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Taiwan's Q1 economic performance fell short of expectations.

• According to the Directorate General of Budget, the expected GDP growth for Q1 of 2023 was -2.87%.

• The annual growth rate of the CPI in April was 2.35%, and the central bank responded by raising interest rates by half yard.

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

Brief Introduction

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Product and Services

Brokerage, Proprietary Trading, Underwriting, Fixed Income Dealing, Financial Products, Shareholder Services, Wealth Management & Trust, Offshore Securities Units

Capital

NTD 145.58 Billion

Number of Branches 31

Number of employees

employees 1,699 PSC

Affiliated Companies

President Futures Co.,LTD Uni-President Asset Management Corp. President Capital Management Corp. President Insurance Agency Co., Ltd. PSC Venture Capital Investment Co., Ltd. President Securities (Hong Kong) Limited President Wealth Management (HK) Ltd. President Securities (Nominee) Limited JinYuan President Securities Co.,Ltd.

Date of Incorporation 1988.12.17

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

ITEM 2023 Q1 % 2022 Q1 % Current Assets 104,236 92% 93,495 91% Non-Current Assets 9,559 8% 9,366 9% Total Assets 113,795 100% 102,861 100% Current Liabilities 83,249 73% 71,051 69% Non-Current Liabilities 105 0% 189 0% Total Liabilities 83,354 73% 71,240 69% Capital Common Stock 14,558 13% 14,558 14% Other Equity 15,883 14% 17,063 17% Total Equity 30,441 27% 31,621 31% Consolidated Balance Sheets	ITEM 2023 Q1 % 2022 Q1 % Current Assets 104,236 92% 93,495 91% Non-Current Assets 9,559 8% 9,366 9% Total Assets 113,795 100% 102,861 100% Current Liabilities 83,249 73% 71,051 69% Non-Current Liabilities 105 0% 189 0% Total Liabilities 83,354 73% 71,240 69% Capital Common Stock 14,558 13% 14,558 14% Other Equity 15,883 14% 17,063 17% Total Equity 30,441 27% 31,621 31% Consolidated Balance Sheets	ITEM 2023 Q1 % 2022 Q1 % Current Assets 104,236 92% 93,495 91% Non-Current Assets 9,559 8% 9,366 9% Total Assets 113,795 100% 102,861 100% Current Liabilities 83,249 73% 71,051 69% Non-Current Liabilities 105 0% 189 0% Total Liabilities 83,354 73% 71,240 69% Capital Common Stock 14,558 13% 14,558 14% Other Equity 15,883 14% 17,063 17% Total Equity 30,441 27% 31,621 31% Consolidated Balance Sheets
	Current Assets Non-Current Assets	104,236 92% 93,495 91% 9,559 8% 9,366 9%
	Total Assets	113,795 100% 102,861 100% 83,249 73% 71,051 69% 105 0% 189 0%
	Current Liabilities Non-Current Liabilities
	Total Liabilities	83,354 73% 71,240 69% 14,558 13% 14,558 14% 15,883 14% 17,063 17%
	Capital Common Stock Other Equity
	Total Equity	30,441 27% 31,621 31%

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 Q1 % 2022 Q1 % Revenues 1,866 100% 879 100% Operating Expenses 1,493 80% 1,386 158% Operating Income 373 20% -507 -58% Other Income and Costs 200 11% 8 1% Income Before Tax 573 31% -499 -57% Income Tax Expense 113 6% 63 7% Net Income 459 25% -562 -64% Other Comprehensive Income 176 9% 416 47% Total Comprehensive Income 635 34% -146 -17% EPS(NTD) 0.31 - -0.39 - Consolidated Income Statement	ITEM 2023 Q1 % 2022 Q1 % Revenues 1,866 100% 879 100% Operating Expenses 1,493 80% 1,386 158% Operating Income 373 20% -507 -58% Other Income and Costs 200 11% 8 1% Income Before Tax 573 31% -499 -57% Income Tax Expense 113 6% 63 7% Net Income 459 25% -562 -64% Other Comprehensive Income 176 9% 416 47% Total Comprehensive Income 635 34% -146 -17% EPS(NTD) 0.31 - -0.39 - Consolidated Income Statement	ITEM 2023 Q1 % 2022 Q1 % Revenues 1,866 100% 879 100% Operating Expenses 1,493 80% 1,386 158% Operating Income 373 20% -507 -58% Other Income and Costs 200 11% 8 1% Income Before Tax 573 31% -499 -57% Income Tax Expense 113 6% 63 7% Net Income 459 25% -562 -64% Other Comprehensive Income 176 9% 416 47% Total Comprehensive Income 635 34% -146 -17% EPS(NTD) 0.31 - -0.39 - Consolidated Income Statement
	Revenues	1,866 100% 879 100% 1,493 80% 1,386 158%
	Operating Expenses Operating Income Other Income and Costs Income Before Tax Income Tax Expense
		373 20% -507 -58% 200 11% 8 1%
		573 31% -499 -57% 113 6% 63 7%
	Net Income	459 25% -562 -64% 176 9% 416 47%
	Other Comprehensive Income Total Comprehensive Income
		635 34% -146 -17%
	EPS(NTD)	0.31 - -0.39 -

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
40.11
50 36.15
23.74
18.66
7.36
4.59
0
YEAR
2019 2020 2021 2022 2023 Q1 2023 Q1
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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Brokerage Business

Market Position

In both the brokerage and financing balance, PSC has achieved a higher market share compared to the previous quarter. Moving forward, the company will continue to adapt to changes in the Act and explore opportunities to develop new business.

Customer Concerns

We continuously plan different customer service strategies and optimize our PSC mobile trade app . Additionally, we implement diverse marketing campaigns to enhance the user experience.

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Proprietary Trading

Operating Status

Due to market fluctuations, the operating results in Q1 did not meet expectations. The department responds promptly to the shocks and makes moderate adjustments accordingly.

Vision

Due to the ongoing market volatility, the department will continue to implement a conservative strategy in its operations.

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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

With the end of austerity approaching, the department has adjusted its operating strategy to seize short-term opportunities and trade in line with the prevailing trend.

Business Development

The department will prioritize market demand and focus on increasing awareness of credit while expanding the coverage of service offerings.

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Underwriting Business

Underwriting Performance

The department's market share has increased compared to the first quarter of 2022, both in terms of market participation and underwriting amount.

Development Strategy

The department actively engages in the market and strives to expand its market share in IPO and SPO.

Wealth Management

Investment Trust

Non-discretionary Money Trust ranks NO. 7 in terms of assets under management. Foreign bonds have delivered outstanding results this year.

Marketing Campaign

Holding overseas trade commission discount offer , fund Dollar-Cost Averaging Award campaign , optimization service continuously.

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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 net value per share of the department ranks No. 3 , the market making business volume ranks No. 4 , and the volume of night TXO ranks No. 3 .

Operating Strategy

The department will increase the inclusion of various risk-payoff types in the trading strategy to adapt to changes in the international situation and market volatility.

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Financial Product Business

Market Share

The Equity Options Business maintains its market share at No. 2, the volume of Structured Notes held a market share of No. 4, and the issuance of call (put) warrants held a market share of No. 6.

Marketing Campaign

Design new products in response to regulatory changes and market demand, collaborate with Commercial Times in organizing trading competitions, and continuously strengthen connections with investors.

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

Sustainable Development

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O
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Comfortableness C (Eradicating Poverty)

PSC’s Development Goal (SDGs) Responsibility R (Quality Education) E

Opportunity (Employment & Economics Growth)

Equality (Gender Equality)

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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

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Sustainable Development Team
Chairman
Strategic Development Included the performance
Committee results in the report
President
Regularly report on the
meeting outcomes and the
performance Sustainable
Development Team
Corporate Customer Employee Social Environment
Governance Service Care Engagement Protection
Team Team Team Team Team
Human
Risk Service Social Climate
Resource
control quality Development Charity change
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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

Sustainable Performance

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Award

Best Public Promotion/ Best Wealth added/ Best Graphic Marketing

Wealth Magazine's Wealth Management Award

TOP100 Corporate Sustainability Awards

TCSA Comprehensive Performance Award

Gold Award of Financial and the Insurance Industries

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TCSA Corporate Sustainability Reports Award

Best Sustainability Award

Business Today's 16th Wealth Management Bank and Securities Evaluation

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ESG

Greenhouse Gas Inventory

Continued to pass the ISO 14064-1 Verification regularly

14001 Environmental Management System

Pass the verification to enhance the PSC's environmental policy.

Happy Business

Gold Award of 1111 Job Bank's 2022 Happy Business

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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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