Tripod — Interim / Quarterly Report 2019

Aug 27, 2019

Presentation

August 2019

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	4,833	5,439	6,550	7,842	32,702	10.0%	62,396	6.0%	52.4%

Source : Prismark (Mar. 2019)

2018 Global To 20 PCB Makers p

Unit: Million USD

Rank		Makers	HQ		2012	2013	2014	2015	2016		2017	2018		18/17
1 2 3 4	Zhen Ding (Foxconn PCB) Nippon Mektron TTM (with Viasystems) Unimicron (with Subtron Uniflex)		Taiwan Japan USA Taiwan	1874(5) 2166(3) 2504(2) 2703(2) 2557(2) 2632(1) 2556(1) 3154(1) 3591(1) 3212(1) 2430(2) 2380(2) 2376(3) 2525(3) 2533(3) 2377(3) 2133(5) 2144(4) 2113(4) 2036(4)						3588(1) 3908(1) 3323(2) 2856(2) 2658(3) 2847(3) 2332(4) 2700(4)			8.9% -14.1% 7.1% 15.8%
5	Tripod		Taiwan	1325(8) 1372(8) 1400(8) 1368(7) 1351(6)						1510(7) 1727(5)			14.4%
6 7 8 9 10	Compeq Samsung Electro-Mech M-Flex* KB PCB Group (with Elec&Eltek..) YoungPoong (with KCC,Interflex)		Taiwan Korea China HongKong Korea	905(14) 1041(12) 1116(12) 1395(6) 1415(5) 1867(6) 1700(6) 1551(6) 1344(8) 1140(8) 870(15) 710(20) 632(28) 637(25) 495(NA) 935(13) 922(14) 965(13) 930(12) 980(10) 1555(7) 2065(4) 1675(5) 1295(10) 1201(7)						1778(5) 1681(6) 1284(8) 1346(7) 967(15) 1308(8) 1051(13) 1245(9) 1777(6) 1217(10)			-5.4% 4.8% 35.3% 18.4% -31.5%
11 12 13 14 15	AT&S PSA Group (Hannstar. GBM. Elna) Fujikura* Shennan Ibiden		Austria Taiwan Japan China Japan	698(20) 780(16) 829(15) 844(14) 876(13) 1100(10) 972(13) 958(14) 825(15) 828(15) 217(NA) 380(NA) 563(29) 819(16) 824(17) 369(NA) 425(NA) 528(30) 566(30) 693(22) 2094(4) 1567(7) 1455(7) 1297(9) 951(11)						1093(12) 1202(11) 1094(11) 1186(12) 1099(10) 1155(13) 843(21) 1145(14) 973(14) 1083(15)			10.0% 8.5% 5.1% 35.9% 11.3%
16 17 18 19 20	Meiko Wus Group Nanya PCB Sumitomo Electric* Daeduck Group		Japan China Taiwan Japan Korea	695(23) 690(23) 828(16) 788(17) 869(14) 645(25) 680(24) 750(20) 737(19) 723(19) 975(12) 1088(11) 1154(11) 944(11) 905(12) 1184(9) 1315(9) 1279(9) 1616(5) 1099(9) 1080(11) 1190(10) 1215(10) 923(13) 828(16)						947(16) 1074(16) 847(20) 999(17) 876(18) 955(18) 1134(9) 945(19) 882(17) 927(20)			13.4% 18.0% 9.0% -16.6% 5.1%
	Top20 PCB Makers									30056 31506			4.8%

• FPC Makers Include FPCB Assembly Value

• ** Dongshan Precision Acquired M-Flex in 2016

Source : Prismark

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 % 12,742 100.0% 10,577 83.0% 2,165 17.0% 1,003 7.9% 0 0.0% 1,162 9.1% 275 2.2% 1,437 11.3% 436 3.4% 1,001 7.9% 1,001 7.9% $1.90 722 5.7% 2018 Q2	AMT % 14,723 100.0% 11,698 79.5% 3,025 20.5% 1,213 8.2% 0 0.0% 1,812 12.3% 314 2.1% 2,126 14.4% 480 3.3% 1,646 11.2% 1,646 11.2% $3.13 749 5.1% 2018 Q3	AMT % 13,112 100.0% 10,431 79.6% 2,681 20.4% 1,079 8.2% 0 0.0% 1,602 12.2% 292 2.2% 1,894 14.4% 428 3.3% 1,466 11.2% 1,466 11.2% $2.79 805 6.1% 2018 Q4	AMT % 12,060 100.0% 9,894 82.0% 2,166 18.0% 1,011 8.4% 0 0.0% 1,155 9.6% 205 1.7% 1,360 11.3% 282 2.3% 1,078 8.9% 1,078 8.9% $2.05 852 7.1% 2019 Q1	2019 Q2	2019 Q2
	AMT 12,742 10,577 2,165 1,003 0 1,162 275 1,437 436 1,001	AMT 14,723 11,698 3,025 1,213 0 1,812 314 2,126 480 1,646	AMT 13,112 10,431 2,681 1,079 0 1,602 292 1,894 428 1,466	AMT 12,060 9,894 2,166 1,011 0 1,155 205 1,360 282 1,078	AMT 13,284 10,772 2,512 1,004 103 1,405 267 1,672 383 1,289	%
						100.0% 81.1%
						18.9% 7.6% 0.8%
						10.6% 2.0%
						12.6% 2.9%
						9.7%
	1,001 $1.90	1,646 $3.13	1,466 $2.79	1,078 $2.05	1,289 $2.45	9.7%
	722	749	805	852	837	6.3%

Consolidated Annual Income Statement

Gross Profit COGS Dep.& Amort. Net Income Other Expense Operating Income Pretax Income Non-Op. Income Attributable to: Basic EPS the Parent Income Tax Operating Exp. Net Sales Unit : Million NTD	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	AMT % 52,106 100.0% 42,341 81.3% 9,764 18.7% 4,343 8.3% 0 0.0% 5,422 10.4% 1,103 2.1% 6,525 12.5% 1,587 3.0% 4,939 9.5% 4,938 9.5% $9.40 2,969 5.7% 2018	2018	% 100.0% 83.3% 16.7% 8.4% 0.0% 8.3% 2.0% 10.3% 2.8% 7.5% 7.5% 5.8% 1H	2019	1H
	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 52,106 42,341 9,764 4,343 0 5,422 1,103 6,525 1,587 4,939	AMT 24,270 20,212 4,058 2,050 0 2,008 497 2,505 679 1,826		AMT 25,344 20,666 4,678 2,015 103 2,560 473 3,033 665 2,367	%
							100.0% 81.5%
							18.5% 8.0% 0.4%
							10.1% 1.9%
							12.0% 2.6%
							9.3%
	3,573 $6.80	4,366 $8.31	4,938 $9.40	1,826 $3.47		2,367 $4.50	9.3%
	2,749	2,121	2,969	1,415		1,689	6.7%

	Consolidated Balanced Sheet AMT % AMT % AMT % AMT % Cash and Cash Equivalents 30,247 47.8% 29,753 42.4% 28,481 40.0% 27,151 38.0% Other Current Assets 18,950 29.9% 22,427 31.9% 23,184 32.6% 24,684 34.5% Funds and Investments 0 0.0% 0 0.0% 0 0.0% 0 0.0% Fixed Assets 11,321 17.9% 15,670 22.3% 17,111 24.1% 17,038 23.8% Intangible and Other Assets 2,782 4.4% 2,344 3.3% 2,367 3.3% 2,648 3.7% Total Assets 63,301 100.0% 70,194 100.0% 71,143 100.0% 71,521 100.0% Short-Term Loans 16,913 26.7% 18,749 26.7% 17,190 24.2% 16,997 23.8% Other Current Liabilities 14,871 23.5% 18,689 26.6% 21,775 30.6% 19,766 27.6% Long-Term Borrowings 0 0.0% 0 0.0% 0 0.0% 0 0.0% Other Liabilities 1,951 3.1% 2,051 2.9% 2,127 3.0% 2,328 3.3% Shareholder's Equities 29,566 46.7% 30,705 43.7% 30,050 42.2% 32,429 45.3% Total Liabilities and Equities 63,301 100.0% 70,194 100.0% 71,143 100.0% 71,521 100.0% Unit: Million NTD 2018 2018 1H 2016 2017	Consolidated Balanced Sheet AMT % AMT % AMT % AMT % Cash and Cash Equivalents 30,247 47.8% 29,753 42.4% 28,481 40.0% 27,151 38.0% Other Current Assets 18,950 29.9% 22,427 31.9% 23,184 32.6% 24,684 34.5% Funds and Investments 0 0.0% 0 0.0% 0 0.0% 0 0.0% Fixed Assets 11,321 17.9% 15,670 22.3% 17,111 24.1% 17,038 23.8% Intangible and Other Assets 2,782 4.4% 2,344 3.3% 2,367 3.3% 2,648 3.7% Total Assets 63,301 100.0% 70,194 100.0% 71,143 100.0% 71,521 100.0% Short-Term Loans 16,913 26.7% 18,749 26.7% 17,190 24.2% 16,997 23.8% Other Current Liabilities 14,871 23.5% 18,689 26.6% 21,775 30.6% 19,766 27.6% Long-Term Borrowings 0 0.0% 0 0.0% 0 0.0% 0 0.0% Other Liabilities 1,951 3.1% 2,051 2.9% 2,127 3.0% 2,328 3.3% Shareholder's Equities 29,566 46.7% 30,705 43.7% 30,050 42.2% 32,429 45.3% Total Liabilities and Equities 63,301 100.0% 70,194 100.0% 71,143 100.0% 71,521 100.0% Unit: Million NTD 2018 2018 1H 2016 2017	Consolidated Balanced Sheet AMT % AMT % AMT % AMT % Cash and Cash Equivalents 30,247 47.8% 29,753 42.4% 28,481 40.0% 27,151 38.0% Other Current Assets 18,950 29.9% 22,427 31.9% 23,184 32.6% 24,684 34.5% Funds and Investments 0 0.0% 0 0.0% 0 0.0% 0 0.0% Fixed Assets 11,321 17.9% 15,670 22.3% 17,111 24.1% 17,038 23.8% Intangible and Other Assets 2,782 4.4% 2,344 3.3% 2,367 3.3% 2,648 3.7% Total Assets 63,301 100.0% 70,194 100.0% 71,143 100.0% 71,521 100.0% Short-Term Loans 16,913 26.7% 18,749 26.7% 17,190 24.2% 16,997 23.8% Other Current Liabilities 14,871 23.5% 18,689 26.6% 21,775 30.6% 19,766 27.6% Long-Term Borrowings 0 0.0% 0 0.0% 0 0.0% 0 0.0% Other Liabilities 1,951 3.1% 2,051 2.9% 2,127 3.0% 2,328 3.3% Shareholder's Equities 29,566 46.7% 30,705 43.7% 30,050 42.2% 32,429 45.3% Total Liabilities and Equities 63,301 100.0% 70,194 100.0% 71,143 100.0% 71,521 100.0% Unit: Million NTD 2018 2018 1H 2016 2017	Consolidated Balanced Sheet AMT % AMT % AMT % AMT % Cash and Cash Equivalents 30,247 47.8% 29,753 42.4% 28,481 40.0% 27,151 38.0% Other Current Assets 18,950 29.9% 22,427 31.9% 23,184 32.6% 24,684 34.5% Funds and Investments 0 0.0% 0 0.0% 0 0.0% 0 0.0% Fixed Assets 11,321 17.9% 15,670 22.3% 17,111 24.1% 17,038 23.8% Intangible and Other Assets 2,782 4.4% 2,344 3.3% 2,367 3.3% 2,648 3.7% Total Assets 63,301 100.0% 70,194 100.0% 71,143 100.0% 71,521 100.0% Short-Term Loans 16,913 26.7% 18,749 26.7% 17,190 24.2% 16,997 23.8% Other Current Liabilities 14,871 23.5% 18,689 26.6% 21,775 30.6% 19,766 27.6% Long-Term Borrowings 0 0.0% 0 0.0% 0 0.0% 0 0.0% Other Liabilities 1,951 3.1% 2,051 2.9% 2,127 3.0% 2,328 3.3% Shareholder's Equities 29,566 46.7% 30,705 43.7% 30,050 42.2% 32,429 45.3% Total Liabilities and Equities 63,301 100.0% 70,194 100.0% 71,143 100.0% 71,521 100.0% Unit: Million NTD 2018 2018 1H 2016 2017	Consolidated Balanced Sheet AMT % AMT % AMT % AMT % Cash and Cash Equivalents 30,247 47.8% 29,753 42.4% 28,481 40.0% 27,151 38.0% Other Current Assets 18,950 29.9% 22,427 31.9% 23,184 32.6% 24,684 34.5% Funds and Investments 0 0.0% 0 0.0% 0 0.0% 0 0.0% Fixed Assets 11,321 17.9% 15,670 22.3% 17,111 24.1% 17,038 23.8% Intangible and Other Assets 2,782 4.4% 2,344 3.3% 2,367 3.3% 2,648 3.7% Total Assets 63,301 100.0% 70,194 100.0% 71,143 100.0% 71,521 100.0% Short-Term Loans 16,913 26.7% 18,749 26.7% 17,190 24.2% 16,997 23.8% Other Current Liabilities 14,871 23.5% 18,689 26.6% 21,775 30.6% 19,766 27.6% Long-Term Borrowings 0 0.0% 0 0.0% 0 0.0% 0 0.0% Other Liabilities 1,951 3.1% 2,051 2.9% 2,127 3.0% 2,328 3.3% Shareholder's Equities 29,566 46.7% 30,705 43.7% 30,050 42.2% 32,429 45.3% Total Liabilities and Equities 63,301 100.0% 70,194 100.0% 71,143 100.0% 71,521 100.0% Unit: Million NTD 2018 2018 1H 2016 2017	Consolidated Balanced Sheet AMT % AMT % AMT % AMT % Cash and Cash Equivalents 30,247 47.8% 29,753 42.4% 28,481 40.0% 27,151 38.0% Other Current Assets 18,950 29.9% 22,427 31.9% 23,184 32.6% 24,684 34.5% Funds and Investments 0 0.0% 0 0.0% 0 0.0% 0 0.0% Fixed Assets 11,321 17.9% 15,670 22.3% 17,111 24.1% 17,038 23.8% Intangible and Other Assets 2,782 4.4% 2,344 3.3% 2,367 3.3% 2,648 3.7% Total Assets 63,301 100.0% 70,194 100.0% 71,143 100.0% 71,521 100.0% Short-Term Loans 16,913 26.7% 18,749 26.7% 17,190 24.2% 16,997 23.8% Other Current Liabilities 14,871 23.5% 18,689 26.6% 21,775 30.6% 19,766 27.6% Long-Term Borrowings 0 0.0% 0 0.0% 0 0.0% 0 0.0% Other Liabilities 1,951 3.1% 2,051 2.9% 2,127 3.0% 2,328 3.3% Shareholder's Equities 29,566 46.7% 30,705 43.7% 30,050 42.2% 32,429 45.3% Total Liabilities and Equities 63,301 100.0% 70,194 100.0% 71,143 100.0% 71,521 100.0% Unit: Million NTD 2018 2018 1H 2016 2017	Consolidated Balanced Sheet AMT % AMT % AMT % AMT % Cash and Cash Equivalents 30,247 47.8% 29,753 42.4% 28,481 40.0% 27,151 38.0% Other Current Assets 18,950 29.9% 22,427 31.9% 23,184 32.6% 24,684 34.5% Funds and Investments 0 0.0% 0 0.0% 0 0.0% 0 0.0% Fixed Assets 11,321 17.9% 15,670 22.3% 17,111 24.1% 17,038 23.8% Intangible and Other Assets 2,782 4.4% 2,344 3.3% 2,367 3.3% 2,648 3.7% Total Assets 63,301 100.0% 70,194 100.0% 71,143 100.0% 71,521 100.0% Short-Term Loans 16,913 26.7% 18,749 26.7% 17,190 24.2% 16,997 23.8% Other Current Liabilities 14,871 23.5% 18,689 26.6% 21,775 30.6% 19,766 27.6% Long-Term Borrowings 0 0.0% 0 0.0% 0 0.0% 0 0.0% Other Liabilities 1,951 3.1% 2,051 2.9% 2,127 3.0% 2,328 3.3% Shareholder's Equities 29,566 46.7% 30,705 43.7% 30,050 42.2% 32,429 45.3% Total Liabilities and Equities 63,301 100.0% 70,194 100.0% 71,143 100.0% 71,521 100.0% Unit: Million NTD 2018 2018 1H 2016 2017	Consolidated Balanced Sheet AMT % AMT % AMT % AMT % Cash and Cash Equivalents 30,247 47.8% 29,753 42.4% 28,481 40.0% 27,151 38.0% Other Current Assets 18,950 29.9% 22,427 31.9% 23,184 32.6% 24,684 34.5% Funds and Investments 0 0.0% 0 0.0% 0 0.0% 0 0.0% Fixed Assets 11,321 17.9% 15,670 22.3% 17,111 24.1% 17,038 23.8% Intangible and Other Assets 2,782 4.4% 2,344 3.3% 2,367 3.3% 2,648 3.7% Total Assets 63,301 100.0% 70,194 100.0% 71,143 100.0% 71,521 100.0% Short-Term Loans 16,913 26.7% 18,749 26.7% 17,190 24.2% 16,997 23.8% Other Current Liabilities 14,871 23.5% 18,689 26.6% 21,775 30.6% 19,766 27.6% Long-Term Borrowings 0 0.0% 0 0.0% 0 0.0% 0 0.0% Other Liabilities 1,951 3.1% 2,051 2.9% 2,127 3.0% 2,328 3.3% Shareholder's Equities 29,566 46.7% 30,705 43.7% 30,050 42.2% 32,429 45.3% Total Liabilities and Equities 63,301 100.0% 70,194 100.0% 71,143 100.0% 71,521 100.0% Unit: Million NTD 2018 2018 1H 2016 2017	Consolidated Balanced Sheet AMT % AMT % AMT % AMT % Cash and Cash Equivalents 30,247 47.8% 29,753 42.4% 28,481 40.0% 27,151 38.0% Other Current Assets 18,950 29.9% 22,427 31.9% 23,184 32.6% 24,684 34.5% Funds and Investments 0 0.0% 0 0.0% 0 0.0% 0 0.0% Fixed Assets 11,321 17.9% 15,670 22.3% 17,111 24.1% 17,038 23.8% Intangible and Other Assets 2,782 4.4% 2,344 3.3% 2,367 3.3% 2,648 3.7% Total Assets 63,301 100.0% 70,194 100.0% 71,143 100.0% 71,521 100.0% Short-Term Loans 16,913 26.7% 18,749 26.7% 17,190 24.2% 16,997 23.8% Other Current Liabilities 14,871 23.5% 18,689 26.6% 21,775 30.6% 19,766 27.6% Long-Term Borrowings 0 0.0% 0 0.0% 0 0.0% 0 0.0% Other Liabilities 1,951 3.1% 2,051 2.9% 2,127 3.0% 2,328 3.3% Shareholder's Equities 29,566 46.7% 30,705 43.7% 30,050 42.2% 32,429 45.3% Total Liabilities and Equities 63,301 100.0% 70,194 100.0% 71,143 100.0% 71,521 100.0% Unit: Million NTD 2018 2018 1H 2016 2017	Consolidated Balanced Sheet AMT % AMT % AMT % AMT % Cash and Cash Equivalents 30,247 47.8% 29,753 42.4% 28,481 40.0% 27,151 38.0% Other Current Assets 18,950 29.9% 22,427 31.9% 23,184 32.6% 24,684 34.5% Funds and Investments 0 0.0% 0 0.0% 0 0.0% 0 0.0% Fixed Assets 11,321 17.9% 15,670 22.3% 17,111 24.1% 17,038 23.8% Intangible and Other Assets 2,782 4.4% 2,344 3.3% 2,367 3.3% 2,648 3.7% Total Assets 63,301 100.0% 70,194 100.0% 71,143 100.0% 71,521 100.0% Short-Term Loans 16,913 26.7% 18,749 26.7% 17,190 24.2% 16,997 23.8% Other Current Liabilities 14,871 23.5% 18,689 26.6% 21,775 30.6% 19,766 27.6% Long-Term Borrowings 0 0.0% 0 0.0% 0 0.0% 0 0.0% Other Liabilities 1,951 3.1% 2,051 2.9% 2,127 3.0% 2,328 3.3% Shareholder's Equities 29,566 46.7% 30,705 43.7% 30,050 42.2% 32,429 45.3% Total Liabilities and Equities 63,301 100.0% 70,194 100.0% 71,143 100.0% 71,521 100.0% Unit: Million NTD 2018 2018 1H 2016 2017	Consolidated Balanced Sheet AMT % AMT % AMT % AMT % Cash and Cash Equivalents 30,247 47.8% 29,753 42.4% 28,481 40.0% 27,151 38.0% Other Current Assets 18,950 29.9% 22,427 31.9% 23,184 32.6% 24,684 34.5% Funds and Investments 0 0.0% 0 0.0% 0 0.0% 0 0.0% Fixed Assets 11,321 17.9% 15,670 22.3% 17,111 24.1% 17,038 23.8% Intangible and Other Assets 2,782 4.4% 2,344 3.3% 2,367 3.3% 2,648 3.7% Total Assets 63,301 100.0% 70,194 100.0% 71,143 100.0% 71,521 100.0% Short-Term Loans 16,913 26.7% 18,749 26.7% 17,190 24.2% 16,997 23.8% Other Current Liabilities 14,871 23.5% 18,689 26.6% 21,775 30.6% 19,766 27.6% Long-Term Borrowings 0 0.0% 0 0.0% 0 0.0% 0 0.0% Other Liabilities 1,951 3.1% 2,051 2.9% 2,127 3.0% 2,328 3.3% Shareholder's Equities 29,566 46.7% 30,705 43.7% 30,050 42.2% 32,429 45.3% Total Liabilities and Equities 63,301 100.0% 70,194 100.0% 71,143 100.0% 71,521 100.0% Unit: Million NTD 2018 2018 1H 2016 2017
		AMT 30,247 18,950 0 11,321 2,782 63,301 16,913 14,871 0 1,951 29,566 63,301		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		AMT 27,151 24,684 0 17,038 2,648 71,521 16,997 19,766 0 2,328 32,429 71,521		AMT 25,738 23,191 0 16,595 2,637 68,160 12,030 21,479 0 2,545 32,089 68,142
	Asset Turnover (x) Fixed Asset Turnover (x) ROA (%) ROE (%) Current Ratio (%) Debt / Asset Ratio (%) Net Debt / Equity Ratio (%) Net Cash Per Share (NT$) Book Value Per Share(NT$)	0.77 3.20 6.4% 12.8% 155% 53% -45% 25.4 56.3		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		0.73 3.05 6.9% 15.8% 141% 55% -31% 19.3 61.7		0.73 3.01 6.8% 14.7% 146% 53% -43% 26.1 61.1

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	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	2018 6,525 2,969 -1,849 7,645 -5,609 0 125 -5,484 -2,023 -2,759 41 -4,741 -23 -2,603 27,151	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	1H19
						3,033 1,689 525
						5,247
						-1,570 0 5
						-1,565
						-5,030 0 21
						-5,009
						-86 -1,413
						25,738

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)