PSC — Interim / Quarterly Report 2024

Jun 28, 2024

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2024.06.28

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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

Global inflation slows and stagnates. Meanwhile, Economic data shows resilience.

• Latest IMF forecast adjusted the expected global economic growth to 3.2% in 2024 and is projected to unchanged in 2025.

• The IMF also predicted a possible decline in global inflation to 5.9% in 2024, affected by the persist growth of economic.

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The U.S. inflation had cooled, while the Federal Reserve's policy still conservative.

• The U.S. had announced a CPI annual growth rate of 3.3% in May, prompting predictions of an interest rate cut.

• The U.S. reported an unemployment rate of 4 %, and NFP strong increased by 272 thousand (people) in May.

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China's real estate crisis unsolved, but flourished by manufacturing and exports .

• China reported the GDP growth rate of 5.3% in 2024Q1, which beyond market expectations .

• The real estate market is still in recession; however, economy was driven by manufacturing and exports.

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Taiwan's export is rebounding, and the economy is expected to recover in 2024.

• The Directorate General of Budget has estimated the growth rate is 6.56% for 2024Q1, and NDC's monitoring indicators is Yellow-Red light in April .

• Taiwan's annual CPI was 2.24% in May. The central bank raised interest rates a half-percent point in March and increased the reserve requirement ratio by 1 percentage point in June.

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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.
1,703
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
President Wealth Management (HK) Ltd.
統一綜合證券
JinYuan President Securities Co.,Ltd.
President Securities Corporation
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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

ITEM 2024 Q1 % 2023 Q1 % Current Assets 171,108 95% 104,236 92% Non-Current Assets 9,612 5% 9,559 8% Total Assets 180,720 100% 113,795 100% Current Liabilities 146,441 81% 83,249 73% Non-Current Liabilities 237 0% 105 0% Total Liabilities 146,678 81% 83,354 73% Capital Common Stock 14,558 8% 14,558 13% Other Equity 19,484 11% 15,883 14% Total Equity 34,042 19% 30,441 27% Unit：Million NTD Consolidated Balance Sheets	ITEM 2024 Q1 % 2023 Q1 % Current Assets 171,108 95% 104,236 92% Non-Current Assets 9,612 5% 9,559 8% Total Assets 180,720 100% 113,795 100% Current Liabilities 146,441 81% 83,249 73% Non-Current Liabilities 237 0% 105 0% Total Liabilities 146,678 81% 83,354 73% Capital Common Stock 14,558 8% 14,558 13% Other Equity 19,484 11% 15,883 14% Total Equity 34,042 19% 30,441 27% Unit：Million NTD Consolidated Balance Sheets	ITEM 2024 Q1 % 2023 Q1 % Current Assets 171,108 95% 104,236 92% Non-Current Assets 9,612 5% 9,559 8% Total Assets 180,720 100% 113,795 100% Current Liabilities 146,441 81% 83,249 73% Non-Current Liabilities 237 0% 105 0% Total Liabilities 146,678 81% 83,354 73% Capital Common Stock 14,558 8% 14,558 13% Other Equity 19,484 11% 15,883 14% Total Equity 34,042 19% 30,441 27% Unit：Million NTD Consolidated Balance Sheets
	Current Assets Non-Current Assets	171,108 95% 104,236 92% 9,612 5% 9,559 8%
	Total Assets	180,720 100% 113,795 100% 146,441 81% 83,249 73% 237 0% 105 0%
	Current Liabilities Non-Current Liabilities
	Total Liabilities	146,678 81% 83,354 73% 14,558 8% 14,558 13% 19,484 11% 15,883 14%
	Capital Common Stock Other Equity
	Total Equity	34,042 19% 30,441 27% 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 2024 Q1 % 2023 Q1 % Revenues 3,998 100% 1,866 100% Operating Expenses 2,405 60% 1,493 80% Operating Income 1,593 40% 373 20% Other Income and Costs 251 6% 200 11% Income Before Tax 1,844 46% 573 31% Income Tax Expense 116 3% 113 6% Net Income 1,728 43% 459 25% Other Comprehensive Income 172 5% 176 9% Total Comprehensive Income 1,900 48% 635 34% EPS(NTD) 1.19 - 0.31 - Consolidated Income Statement	ITEM 2024 Q1 % 2023 Q1 % Revenues 3,998 100% 1,866 100% Operating Expenses 2,405 60% 1,493 80% Operating Income 1,593 40% 373 20% Other Income and Costs 251 6% 200 11% Income Before Tax 1,844 46% 573 31% Income Tax Expense 116 3% 113 6% Net Income 1,728 43% 459 25% Other Comprehensive Income 172 5% 176 9% Total Comprehensive Income 1,900 48% 635 34% EPS(NTD) 1.19 - 0.31 - Consolidated Income Statement	ITEM 2024 Q1 % 2023 Q1 % Revenues 3,998 100% 1,866 100% Operating Expenses 2,405 60% 1,493 80% Operating Income 1,593 40% 373 20% Other Income and Costs 251 6% 200 11% Income Before Tax 1,844 46% 573 31% Income Tax Expense 116 3% 113 6% Net Income 1,728 43% 459 25% Other Comprehensive Income 172 5% 176 9% Total Comprehensive Income 1,900 48% 635 34% EPS(NTD) 1.19 - 0.31 - Consolidated Income Statement
	Revenues	3,998 100% 1,866 100% 2,405 60% 1,493 80%
	Operating Expenses Operating Income Other Income and Costs Income Before Tax Income Tax Expense
		1,593 40% 373 20% 251 6% 200 11%
		1,844 46% 573 31% 116 3% 113 6%
	Net Income	1,728 43% 459 25% 172 5% 176 9%
	Other Comprehensive Income Total Comprehensive Income
		1,900 48% 635 34%
	EPS(NTD)	1.19 - 0.31 -

Unit：Million NTD

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

5 Years Operating Performances

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營收Revenue
淨利Net Income
100 MIL
EPS
116.22
95.81
100 95.43
2.75
2.48 62.71
1.98
50
40.11 39.98
36.15
28.90 1.19
0.5 17.28
7.36
0
2020 2021 2022 2023 2024 Q1 2024 YEAR
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 financing balances, PSC has achieved a higher market share compared to 2023Q1. Looking ahead, the department will persist in optimizing electronic system functionalities. Moreover, meet customer needs and enhance customer service.

Market Promotion

To enhance customer service, we launched the "Official Line Friends Recruitment" promotion campaign, encouraging customers to experience diverse and convenient e-services.

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Proprietary Trading

Operating Status

The department predicted a decline of inflation in early-year, with the economy maintaining robust growth. We focused on opportunities in booming technology sector, and maintain a high-equity strategy, achieving fruitful results.

Operational Strategy

Due to Taiwan's economic weakening, increased political uncertainty, and overheated stock market, the department anticipates that the market will enter a consolidation phase. Thus, the holdings and operational strategy are shifting towards neutral.

Line with PSC: https://webportal.pscnet.com.tw/lottery/line_bind_event/activity/

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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

Interest rate cuts expectations fell short due to strong status of the U.S. economy. The department adjusted overseas positions and switched to conservative operation, awaiting the right timing to reposition.

Customer Concerns

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

Owing to the efficiency of submission progress, the market participation rate and market share of underwriting amount were increased compared with the same period last year.

Development Strategy

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

Wealth Management

Investment Trust

The rate of Offshore Structured Notes has grown by 296% compared to 2023. Foreign bonds and Overseas stocks have shown exceptional performance this year.

Marketing Campaign

The department is initialing a fund/ETF selling award campaign , launching an internal motivational activities , 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

Business Profile

Quantitative Trading

The accumulated profits is rank 3rd among proprietary concurrent operation of futures business in 2024. Additionally, we have added new business of overseas futures spot arbitrage trading services this year, to reduce the single-market risks.

Operating Strategy

The department continues to expand its product diversification and revises its risk control methods to respond to new rules, upgrading the department's risk control capabilities.

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Financial Product Business

Market Share

The Equity Options Business maintains its position as the 2nd market share holder, while the volume of Structured Notes secures a market share ranking of fourth. Additionally, the issuance of call (put) warrants attains a market share ranking of seventh.

Marketing Campaign

The initial stage optimization of the warrant system has been completed, and the department is currently designing advanced functions in 2024. We are striving to enhance the efficiency of the trading system further.

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

永續經營

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【Sustainable Development Action】
Environment Customer Information
Protection Service Protection,
Group Group Service
Quality
Climate Change Financial
Carbon Emission Training,
E Digital
Courses
Staff Care
S
Group
Risk Control Social
Risk Manage Welfare
G
Group
Corporate Charitable
Governance Activities,
Group Donate and
Sponsor
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President Securities Corporation | Tel : (02)8172-4668 | Add: No.8, Dongxing Rd., Songshan Dist., Taipei City , Taiwan

Sustainable Development

【Vision of Sustainable Environment 】

Low Carbon Transformation T R Sustainable Finance Evaluation Top 20% in Securities Industry F Green Procurement P

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Resource Sustainability Management

Sustainable Financial Strategy

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

Q&A

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