Tripod — Interim / Quarterly Report 2018

Sep 5, 2018

Presentation

September 2018

Worldwide PCB Production Region Value

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M USD	America+ Europe	Japan	Korea	Taiwan	China	China Growth	Worldwide TOTAL	Worldwide Growth	China's Share
2009	5,481	8,304	5,011	5,407	14,252	49.2%	41,226	1.4%	34.6%
2010	6,387	10,165	5,888	6,640	20,170	41.5%	52,468	27.3%	38.4%
2011	6,375	9,638	6,487	7,372	22,029	9.2%	55,409	5.6%	39.8%
2012	5,622	9,074	7,473	6,856	22,936	4.1%	55,669	0.5%	41.2%
2013	5,234	6,995	8,123	7,107	24,560	7.1%	56,152	0.9%	43.7%
2014	5,197	6,530	7,645	7,586	26,203	6.7%	57,437	2.3%	45.6%
2015	4,709	5,655	6,652	7,204	26,729	2.0%	55,325	-3.7%	48.3%
2016	4,662	5,253	6,232	6,922	27,123	1.5%	54,207	-2.0%	50.0%
2017	4,705	5,256	6,860	7,536	29,732	9.6%	58,843	8.6%	50.5%
2018E	4,718	5,317	6,990	7,843	31,233	5.0%	61,099	3.8%	51.1%

Source : Prismark (Mar. 2018)

2017 Global Top 15 PCB Makers

Unit: Million USD

Rank		Makers	Nationality		2011	2012	2013	2014	2015		2016	2017		17/16
1 2 3 4 5	Zhen Ding (Foxconn PCB) Nippon Mektron TTM (with Viasystems)** Unimicron (with PPT) Compeq		Taiwan Japan USA Taiwan Taiwan	1505(5) 1874(5) 2166(3) 2504(2) 2703(2) 2240(3) 2632(1) 2556(1) 3154(1) 3591(1) 2563(1) 2430(2) 2380(2) 2376(3) 2525(3) 2370(2) 2377(3) 2133(5) 2144(4) 2113(4) 811(18) 905(14) 1041(12) 1116(12) 1395(6)						2557(2) 3588(1) 3212(1) 3323(2) 2533(3) 2658(3) 2036(4) 2240(4) 1415(5) 1778(5)			40.3% 3.5% 5.0% 10.0% 25.6%
6	Tripod		Taiwan	1395(7) 1325(8) 1372(8) 1400(8) 1368(7)						1351(6) 1510(6)			11.8%
7 8 9 10	Samsung Electro-Mech Sumitomo Electric Fujikura AT&S		Korea Japan Japan Austria	1445(6) 1867(6) 1700(6) 1551(6) 1344(8) 880(14) 1184(9) 1315(9) 1279(9) 1616(5) 738(22) 217(NA) 380(NA) 563(NA) 819(16) 690(21) 698(20) 780(16) 829(15) 844(14)						1140(8) 1284(7) 1099(9) 1134(8) 824(17) 1099(9) 876(13) 1093(10)			12.7% 3.2% 33.4% 24.7%
11 12 13 14 15	Ibiden M-Flex*** Meiko Hannstar Board (with GBM) Daeduck Group		Japan China Japan Taiwan Korea	2126(4) 2094(4) 1567(7) 1455(7) 1297(9) 830(18) 870(15) 710(20) 632(28) 637(25) 740(21) 695(23) 690(23) 828(17) 788(17) 1290(9) 1100(10) 972(13) 958(14) 825(15) 970(12) 1080(11) 1190(10) 1215(10) 923(13)						951(11) 973(11) 495(NA) 967(12) 869(14) 947(13) 828(15) 939(14) 828(16) 883(15)			2.3% 95.3% 9.0% 13.4% 6.6%
	Top15 PCB Makers			20593 21348 20952 22004 22778						21014 24416			16.2%

• FPC Makers Include FPCB Assembly Value

** On a Pro Forma Basis, TTM Acquired Viasystems in 2015

Source : Prismark

*** Dongshan Precision Acquired M-Flex in 2016

Consolidated Quarterly Income Statement

Net Income COGS Gross Profit Operating Exp. Operating Income Non-Op. Income Dep.& Amort. Basic EPS Income Tax Net Sales the Parent Attributable to: Other Expense Pretax Income Unit : Million NTD	AMT % 10,636 100.0% 8,673 81.5% 1,963 18.5% 870 8.2% -67 -0.6% 1,160 10.9% 250 2.4% 1,410 13.3% 368 3.5% 1,042 9.8% 1,042 9.8% $1.98 474 4.5% 2017 Q2	AMT % 12,301 100.0% 10,065 81.8% 2,236 18.2% 948 7.7% 0 0.0% 1,288 10.5% 298 2.4% 1,586 12.9% 279 2.3% 1,306 10.6% 1,306 10.6% $2.49 516 4.2% 2017 Q3	AMT % 12,596 100.0% 10,212 81.1% 2,384 18.9% 965 7.7% 0 0.0% 1,420 11.3% 34 0.3% 1,453 11.5% 337 2.7% 1,116 8.9% 1,116 8.9% $2.12 615 4.9% 2017 Q4	AMT % 11,528 100.0% 9,635 83.6% 1,893 16.4% 1,047 9.1% 0 0.0% 846 7.3% 222 1.9% 1,068 9.3% 243 2.1% 825 7.2% 825 7.2% $1.57 693 6.0% 2018 Q1	2018 Q2	2018 Q2
	AMT 10,636 8,673 1,963 870 -67 1,160 250 1,410 368 1,042	AMT 12,301 10,065 2,236 948 0 1,288 298 1,586 279 1,306	AMT 12,596 10,212 2,384 965 0 1,420 34 1,453 337 1,116	AMT 11,528 9,635 1,893 1,047 0 846 222 1,068 243 825	AMT 12,742 10,577 2,165 1,003 0 1,162 275 1,437 436 1,001	%
						100.0% 83.0%
						17.0% 7.9% 0.0%
						9.1% 2.2%
						11.3% 3.4%
						7.9%
	1,042 $1.98	1,306 $2.49	1,116 $2.12	825 $1.57	1,001 $1.90	7.9%
	474	516	615	693	722	5.7%

Consolidated Annual Income Statement

Unit : Million NTD Operating Exp. Net Sales the Parent Income Tax Dep.& Amort. Net Income Other Expense Operating Income Pretax Income Non-Op. Income Attributable to: Basic EPS Gross Profit COGS	AMT % 43,383 100.0% 36,589 84.3% 6,793 15.7% 3,933 9.1% 0 0.0% 2,860 6.6% 671 1.5% 3,531 8.1% 698 1.6% 2,833 6.5% 2,833 6.5% $5.39 3,080 7.1% 2015	AMT % 43,513 100.0% 35,695 82.0% 7,818 18.0% 3,679 8.5% 450 1.0% 3,689 8.5% 788 1.8% 4,477 10.3% 904 2.1% 3,573 8.2% 3,573 8.2% $6.80 2,749 6.3% 2016	AMT % 45,819 100.0% 37,464 81.8% 8,355 18.2% 3,624 7.9% -67 -0.1% 4,798 10.5% 745 1.6% 5,543 12.1% 1,177 2.6% 4,366 9.5% 4,366 9.5% $8.31 2,121 4.6% 2017	2017	% 100.0% 82.2% 17.8% 8.2% -0.3% 10.0% 2.0% 12.0% 2.7% 9.3% 9.3% 4.7% 1H	2018	1H
	AMT 43,383 36,589 6,793 3,933 0 2,860 671 3,531 698 2,833	AMT 43,513 35,695 7,818 3,679 450 3,689 788 4,477 904 3,573	AMT 45,819 37,464 8,355 3,624 -67 4,798 745 5,543 1,177 4,366	AMT 20,921 17,187 3,734 1,710 -67 2,090 413 2,504 561 1,943		AMT 24,270 20,212 4,058 2,050 0 2,008 497 2,505 679 1,826	%
							100.0% 83.3%
							16.7% 8.4% 0.0%
							8.3% 2.0%
							10.3% 2.8%
							7.5%
	2,833 $5.39	3,573 $6.80	4,366 $8.31	1,943 $3.70		1,826 $3.47	7.5%
	3,080	2,749	2,121	990		1,415	5.8%

	Consolidated Balanced Sheet AMT % AMT % AMT % AMT % Cash and Cash Equivalents 27,258 43.6% 30,247 47.8% 30,910 46.9% 29,753 42.4% Other Current Assets 18,312 29.3% 18,950 29.9% 19,356 29.4% 22,427 31.9% Funds and Investments 0 0.0% 0 0.0% 0 0.0% 0 0.0% Fixed Assets 14,418 23.1% 11,321 17.9% 12,618 19.2% 15,670 22.3% Intangible and Other Assets 2,537 4.1% 2,782 4.4% 2,979 4.5% 2,344 3.3% Total Assets 62,525 100.0% 63,301 100.0% 65,863 100.0% 70,194 100.0% Short-Term Loans 17,740 28.4% 16,913 26.7% 18,004 27.3% 18,749 26.7% Other Current Liabilities 13,347 21.3% 14,871 23.5% 17,499 26.6% 18,689 26.6% Long-Term Borrowings 0 0.0% 0 0.0% 0 0.0% 0 0.0% Other Liabilities 1,670 2.7% 1,951 3.1% 2,346 3.6% 2,051 2.9% Shareholder's Equities 29,768 47.6% 29,566 46.7% 28,014 42.5% 30,705 43.7% Total Liabilities and Equities 62,525 100.0% 63,301 100.0% 65,863 100.0% 70,194 100.0% Unit: Million NTD 2017 2017 1H 2015 2016	Consolidated Balanced Sheet AMT % AMT % AMT % AMT % Cash and Cash Equivalents 27,258 43.6% 30,247 47.8% 30,910 46.9% 29,753 42.4% Other Current Assets 18,312 29.3% 18,950 29.9% 19,356 29.4% 22,427 31.9% Funds and Investments 0 0.0% 0 0.0% 0 0.0% 0 0.0% Fixed Assets 14,418 23.1% 11,321 17.9% 12,618 19.2% 15,670 22.3% Intangible and Other Assets 2,537 4.1% 2,782 4.4% 2,979 4.5% 2,344 3.3% Total Assets 62,525 100.0% 63,301 100.0% 65,863 100.0% 70,194 100.0% Short-Term Loans 17,740 28.4% 16,913 26.7% 18,004 27.3% 18,749 26.7% Other Current Liabilities 13,347 21.3% 14,871 23.5% 17,499 26.6% 18,689 26.6% Long-Term Borrowings 0 0.0% 0 0.0% 0 0.0% 0 0.0% Other Liabilities 1,670 2.7% 1,951 3.1% 2,346 3.6% 2,051 2.9% Shareholder's Equities 29,768 47.6% 29,566 46.7% 28,014 42.5% 30,705 43.7% Total Liabilities and Equities 62,525 100.0% 63,301 100.0% 65,863 100.0% 70,194 100.0% Unit: Million NTD 2017 2017 1H 2015 2016	Consolidated Balanced Sheet AMT % AMT % AMT % AMT % Cash and Cash Equivalents 27,258 43.6% 30,247 47.8% 30,910 46.9% 29,753 42.4% Other Current Assets 18,312 29.3% 18,950 29.9% 19,356 29.4% 22,427 31.9% Funds and Investments 0 0.0% 0 0.0% 0 0.0% 0 0.0% Fixed Assets 14,418 23.1% 11,321 17.9% 12,618 19.2% 15,670 22.3% Intangible and Other Assets 2,537 4.1% 2,782 4.4% 2,979 4.5% 2,344 3.3% Total Assets 62,525 100.0% 63,301 100.0% 65,863 100.0% 70,194 100.0% Short-Term Loans 17,740 28.4% 16,913 26.7% 18,004 27.3% 18,749 26.7% Other Current Liabilities 13,347 21.3% 14,871 23.5% 17,499 26.6% 18,689 26.6% Long-Term Borrowings 0 0.0% 0 0.0% 0 0.0% 0 0.0% Other Liabilities 1,670 2.7% 1,951 3.1% 2,346 3.6% 2,051 2.9% Shareholder's Equities 29,768 47.6% 29,566 46.7% 28,014 42.5% 30,705 43.7% Total Liabilities and Equities 62,525 100.0% 63,301 100.0% 65,863 100.0% 70,194 100.0% Unit: Million NTD 2017 2017 1H 2015 2016	Consolidated Balanced Sheet AMT % AMT % AMT % AMT % Cash and Cash Equivalents 27,258 43.6% 30,247 47.8% 30,910 46.9% 29,753 42.4% Other Current Assets 18,312 29.3% 18,950 29.9% 19,356 29.4% 22,427 31.9% Funds and Investments 0 0.0% 0 0.0% 0 0.0% 0 0.0% Fixed Assets 14,418 23.1% 11,321 17.9% 12,618 19.2% 15,670 22.3% Intangible and Other Assets 2,537 4.1% 2,782 4.4% 2,979 4.5% 2,344 3.3% Total Assets 62,525 100.0% 63,301 100.0% 65,863 100.0% 70,194 100.0% Short-Term Loans 17,740 28.4% 16,913 26.7% 18,004 27.3% 18,749 26.7% Other Current Liabilities 13,347 21.3% 14,871 23.5% 17,499 26.6% 18,689 26.6% Long-Term Borrowings 0 0.0% 0 0.0% 0 0.0% 0 0.0% Other Liabilities 1,670 2.7% 1,951 3.1% 2,346 3.6% 2,051 2.9% Shareholder's Equities 29,768 47.6% 29,566 46.7% 28,014 42.5% 30,705 43.7% Total Liabilities and Equities 62,525 100.0% 63,301 100.0% 65,863 100.0% 70,194 100.0% Unit: Million NTD 2017 2017 1H 2015 2016	Consolidated Balanced Sheet AMT % AMT % AMT % AMT % Cash and Cash Equivalents 27,258 43.6% 30,247 47.8% 30,910 46.9% 29,753 42.4% Other Current Assets 18,312 29.3% 18,950 29.9% 19,356 29.4% 22,427 31.9% Funds and Investments 0 0.0% 0 0.0% 0 0.0% 0 0.0% Fixed Assets 14,418 23.1% 11,321 17.9% 12,618 19.2% 15,670 22.3% Intangible and Other Assets 2,537 4.1% 2,782 4.4% 2,979 4.5% 2,344 3.3% Total Assets 62,525 100.0% 63,301 100.0% 65,863 100.0% 70,194 100.0% Short-Term Loans 17,740 28.4% 16,913 26.7% 18,004 27.3% 18,749 26.7% Other Current Liabilities 13,347 21.3% 14,871 23.5% 17,499 26.6% 18,689 26.6% Long-Term Borrowings 0 0.0% 0 0.0% 0 0.0% 0 0.0% Other Liabilities 1,670 2.7% 1,951 3.1% 2,346 3.6% 2,051 2.9% Shareholder's Equities 29,768 47.6% 29,566 46.7% 28,014 42.5% 30,705 43.7% Total Liabilities and Equities 62,525 100.0% 63,301 100.0% 65,863 100.0% 70,194 100.0% Unit: Million NTD 2017 2017 1H 2015 2016	Consolidated Balanced Sheet AMT % AMT % AMT % AMT % Cash and Cash Equivalents 27,258 43.6% 30,247 47.8% 30,910 46.9% 29,753 42.4% Other Current Assets 18,312 29.3% 18,950 29.9% 19,356 29.4% 22,427 31.9% Funds and Investments 0 0.0% 0 0.0% 0 0.0% 0 0.0% Fixed Assets 14,418 23.1% 11,321 17.9% 12,618 19.2% 15,670 22.3% Intangible and Other Assets 2,537 4.1% 2,782 4.4% 2,979 4.5% 2,344 3.3% Total Assets 62,525 100.0% 63,301 100.0% 65,863 100.0% 70,194 100.0% Short-Term Loans 17,740 28.4% 16,913 26.7% 18,004 27.3% 18,749 26.7% Other Current Liabilities 13,347 21.3% 14,871 23.5% 17,499 26.6% 18,689 26.6% Long-Term Borrowings 0 0.0% 0 0.0% 0 0.0% 0 0.0% Other Liabilities 1,670 2.7% 1,951 3.1% 2,346 3.6% 2,051 2.9% Shareholder's Equities 29,768 47.6% 29,566 46.7% 28,014 42.5% 30,705 43.7% Total Liabilities and Equities 62,525 100.0% 63,301 100.0% 65,863 100.0% 70,194 100.0% Unit: Million NTD 2017 2017 1H 2015 2016	Consolidated Balanced Sheet AMT % AMT % AMT % AMT % Cash and Cash Equivalents 27,258 43.6% 30,247 47.8% 30,910 46.9% 29,753 42.4% Other Current Assets 18,312 29.3% 18,950 29.9% 19,356 29.4% 22,427 31.9% Funds and Investments 0 0.0% 0 0.0% 0 0.0% 0 0.0% Fixed Assets 14,418 23.1% 11,321 17.9% 12,618 19.2% 15,670 22.3% Intangible and Other Assets 2,537 4.1% 2,782 4.4% 2,979 4.5% 2,344 3.3% Total Assets 62,525 100.0% 63,301 100.0% 65,863 100.0% 70,194 100.0% Short-Term Loans 17,740 28.4% 16,913 26.7% 18,004 27.3% 18,749 26.7% Other Current Liabilities 13,347 21.3% 14,871 23.5% 17,499 26.6% 18,689 26.6% Long-Term Borrowings 0 0.0% 0 0.0% 0 0.0% 0 0.0% Other Liabilities 1,670 2.7% 1,951 3.1% 2,346 3.6% 2,051 2.9% Shareholder's Equities 29,768 47.6% 29,566 46.7% 28,014 42.5% 30,705 43.7% Total Liabilities and Equities 62,525 100.0% 63,301 100.0% 65,863 100.0% 70,194 100.0% Unit: Million NTD 2017 2017 1H 2015 2016	Consolidated Balanced Sheet AMT % AMT % AMT % AMT % Cash and Cash Equivalents 27,258 43.6% 30,247 47.8% 30,910 46.9% 29,753 42.4% Other Current Assets 18,312 29.3% 18,950 29.9% 19,356 29.4% 22,427 31.9% Funds and Investments 0 0.0% 0 0.0% 0 0.0% 0 0.0% Fixed Assets 14,418 23.1% 11,321 17.9% 12,618 19.2% 15,670 22.3% Intangible and Other Assets 2,537 4.1% 2,782 4.4% 2,979 4.5% 2,344 3.3% Total Assets 62,525 100.0% 63,301 100.0% 65,863 100.0% 70,194 100.0% Short-Term Loans 17,740 28.4% 16,913 26.7% 18,004 27.3% 18,749 26.7% Other Current Liabilities 13,347 21.3% 14,871 23.5% 17,499 26.6% 18,689 26.6% Long-Term Borrowings 0 0.0% 0 0.0% 0 0.0% 0 0.0% Other Liabilities 1,670 2.7% 1,951 3.1% 2,346 3.6% 2,051 2.9% Shareholder's Equities 29,768 47.6% 29,566 46.7% 28,014 42.5% 30,705 43.7% Total Liabilities and Equities 62,525 100.0% 63,301 100.0% 65,863 100.0% 70,194 100.0% Unit: Million NTD 2017 2017 1H 2015 2016	Consolidated Balanced Sheet AMT % AMT % AMT % AMT % Cash and Cash Equivalents 27,258 43.6% 30,247 47.8% 30,910 46.9% 29,753 42.4% Other Current Assets 18,312 29.3% 18,950 29.9% 19,356 29.4% 22,427 31.9% Funds and Investments 0 0.0% 0 0.0% 0 0.0% 0 0.0% Fixed Assets 14,418 23.1% 11,321 17.9% 12,618 19.2% 15,670 22.3% Intangible and Other Assets 2,537 4.1% 2,782 4.4% 2,979 4.5% 2,344 3.3% Total Assets 62,525 100.0% 63,301 100.0% 65,863 100.0% 70,194 100.0% Short-Term Loans 17,740 28.4% 16,913 26.7% 18,004 27.3% 18,749 26.7% Other Current Liabilities 13,347 21.3% 14,871 23.5% 17,499 26.6% 18,689 26.6% Long-Term Borrowings 0 0.0% 0 0.0% 0 0.0% 0 0.0% Other Liabilities 1,670 2.7% 1,951 3.1% 2,346 3.6% 2,051 2.9% Shareholder's Equities 29,768 47.6% 29,566 46.7% 28,014 42.5% 30,705 43.7% Total Liabilities and Equities 62,525 100.0% 63,301 100.0% 65,863 100.0% 70,194 100.0% Unit: Million NTD 2017 2017 1H 2015 2016	Consolidated Balanced Sheet AMT % AMT % AMT % AMT % Cash and Cash Equivalents 27,258 43.6% 30,247 47.8% 30,910 46.9% 29,753 42.4% Other Current Assets 18,312 29.3% 18,950 29.9% 19,356 29.4% 22,427 31.9% Funds and Investments 0 0.0% 0 0.0% 0 0.0% 0 0.0% Fixed Assets 14,418 23.1% 11,321 17.9% 12,618 19.2% 15,670 22.3% Intangible and Other Assets 2,537 4.1% 2,782 4.4% 2,979 4.5% 2,344 3.3% Total Assets 62,525 100.0% 63,301 100.0% 65,863 100.0% 70,194 100.0% Short-Term Loans 17,740 28.4% 16,913 26.7% 18,004 27.3% 18,749 26.7% Other Current Liabilities 13,347 21.3% 14,871 23.5% 17,499 26.6% 18,689 26.6% Long-Term Borrowings 0 0.0% 0 0.0% 0 0.0% 0 0.0% Other Liabilities 1,670 2.7% 1,951 3.1% 2,346 3.6% 2,051 2.9% Shareholder's Equities 29,768 47.6% 29,566 46.7% 28,014 42.5% 30,705 43.7% Total Liabilities and Equities 62,525 100.0% 63,301 100.0% 65,863 100.0% 70,194 100.0% Unit: Million NTD 2017 2017 1H 2015 2016	Consolidated Balanced Sheet AMT % AMT % AMT % AMT % Cash and Cash Equivalents 27,258 43.6% 30,247 47.8% 30,910 46.9% 29,753 42.4% Other Current Assets 18,312 29.3% 18,950 29.9% 19,356 29.4% 22,427 31.9% Funds and Investments 0 0.0% 0 0.0% 0 0.0% 0 0.0% Fixed Assets 14,418 23.1% 11,321 17.9% 12,618 19.2% 15,670 22.3% Intangible and Other Assets 2,537 4.1% 2,782 4.4% 2,979 4.5% 2,344 3.3% Total Assets 62,525 100.0% 63,301 100.0% 65,863 100.0% 70,194 100.0% Short-Term Loans 17,740 28.4% 16,913 26.7% 18,004 27.3% 18,749 26.7% Other Current Liabilities 13,347 21.3% 14,871 23.5% 17,499 26.6% 18,689 26.6% Long-Term Borrowings 0 0.0% 0 0.0% 0 0.0% 0 0.0% Other Liabilities 1,670 2.7% 1,951 3.1% 2,346 3.6% 2,051 2.9% Shareholder's Equities 29,768 47.6% 29,566 46.7% 28,014 42.5% 30,705 43.7% Total Liabilities and Equities 62,525 100.0% 63,301 100.0% 65,863 100.0% 70,194 100.0% Unit: Million NTD 2017 2017 1H 2015 2016
		AMT 27,258 18,312 0 14,418 2,537 62,525 17,740 13,347 0 1,670 29,768 62,525		AMT 30,247 18,950 0 11,321 2,782 63,301 16,913 14,871 0 1,951 29,566 63,301		AMT 30,910 19,356 0 12,618 2,979 65,863 18,004 17,499 0 2,346 28,014 65,863		AMT 29,753 22,427 0 15,670 2,344 70,194 18,749 18,689 0 2,051 30,705 70,194		AMT 28,481 23,184 0 17,111 2,367 71,143 17,190 21,775 0 2,127 30,050 71,143
	Asset Turnover (x) Fixed Asset Turnover (x) ROA (%) ROE (%) Current Ratio (%) Debt / Asset Ratio (%) Net Debt / Equity Ratio (%) Net Cash Per Share (NT$) Book Value Per Share(NT$)	0.71 2.85 4.7% 9.7% 147% 52% -32% 18.1 56.6		0.69 3.38 5.7% 12.0% 155% 53% -45% 25.4 56.3		0.65 3.50 6.0% 13.5% 142% 57% -46% 24.6 53.3		0.69 3.40 6.5% 14.5% 139% 56% -36% 20.9 58.4		0.69 2.96 5.2% 12.0% 133% 58% -38% 21.5 57.2

Consolidated Statements of Cash flows

Unit: Million NTD Income before Income Tax Depreciation & Amortization Others Cash Flow from Operations Acquisition of Fixed Assets Decrease (Increase) in Investments Others Cash Flow from Investments Increase (Decrease) in Loans Cash Dividends Paid Others Cash Flow from Financing Foreign Exchange Translation Increase (Decrease) in Cash Cash at the End of the Year	2014 3,240 2,816 106 6,162 -2,500 255 -107 -2,353 4,624 -1,183 -9 3,432 907 8,148 21,501	2015 3,531 3,080 496 7,106 -2,299 0 71 -2,228 2,048 -1,445 -21 582 298 5,757 27,258	2016 4,477 2,749 1,143 8,369 -1,056 -136 -320 -1,512 -604 -1,708 102 -2,209 -1,658 2,989 30,247	2017 5,543 2,121 -3,031 4,633 -5,000 0 1,241 -3,759 2,632 -2,234 63 461 -1,830 -494 29,753	1H17 2,504 990 -1,058 2,436 -1,886 0 171 -1,715 1,650 0 23 1,673 -1,732 663 30,910	1H18
						2,505 1,415 -1,471
						2,449
						-2,975 0 20
						-2,954
						-1,865 0 40
						-1,825
						1,058 -1,272
						28,481

Appendix- PCB Facilities Location

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JiangSu- WuXi Site I (2003)

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JiangSu- WuXi Site II (2007)

HuBei- XianTao (2013)

Taiwan- PingJen (1998)