UNEEC — Interim / Quarterly Report 2021

Nov 12, 2021

Chenming electronic tech. corp.

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2021 3Q 21 Earnings Results 2021/11/12

Chenming electronic tech. corp.

Agenda

• Corporate Profile

• Product Description

• Operational Overview

P1~P2

P3~P8

P9~P17

• Q & A

Chenming electronic tech. corp.

Corporate Profile

• ． Stock Code ： 3013

． Main Products

• ． Share Capital ：NT$1.55 Bn.

1. Sever chassis

• ． Chairman ： LIN MU-HO

2. Desktop Peripherals

• ． General Manager ：LO CHIH -CHI

• Hand Held Device components

． Manufacturing Plant ： Dong-guan, Guangdong Ningbo, Zhejiang

4. Mold

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Chenming electronic tech. corp.

History

1992 1997 2007 2017 1970 Tooling Maker PC Chassis Server Business Advanced Technology Intelligent Manufacturer Focus Introduction Manufacturing

1970

1992

Founded in 1970, tooling design Set up enclosure and manufacturing manufacturing plant in Keelung, Taiwan

1976 Established Chenming Mold Industry

1997

Set up Dongguan plant 2000 Set up Ningbo plant

2002 Chenming Taiwan went IPO

2007

Introduce new technologies – Metal Injection Molding(MIM)

2015

Expand MIM & CNC capacity

2017

Introduce Industry 4.0 to upgrade to smart factory

About US

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Chenming electronic tech. corp.

Capability

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Cloud Computing
Anytime Anywhere
Integrated Enclosure Solutions
Total Solution Provider for Housing & Mechanical Parts
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• Data Center Enterprise Personal Server Computers

• Rack  Rackmount Chassis  OEM/ODM  Server Chassis  Tower Server Chassis  PC  Storage Chassis  Customized  All-In-One PC  HDD Tray 1U/2U/3U/4U/5U  Switch Chassis

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Wearable Smart Phone
Tablet
Device
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 Metal cover  Housing  Housing
 Function key  Function Key  SIM Tray
 Audio/USB Ring
 Function Key
 Metal Logo
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Chenming electronic tech. corp.

Products-Data Center & DT Sever chassis & Desktop peripherals

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Precision Mold Stamping
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Injection
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Painting Assembly
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Chenming electronic tech. corp.

產品-資料中心及PC 製程

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Prototyping Center

Tooling Center

New Product Introduction Sheet Metal Processing

 NCT/Laser Cutting  Sheet Metal Bending  Sheet Metal Welding  Surface Treatment (Painting)

• Metal Tools

• Plastic Tools

 MIM Precision Tools

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Mechanical Plant Mechanical Integration

 Stamping  Plastic Injection Molding  Surface Treatment(Painting)  Assembly

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Chenming electronic tech. corp.

Products-Data Center & DT Sever chassis & Desktop peripherals

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Chenming electronic tech. corp.

Products-Mobile Device MIM

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Chenming electronic tech. corp.

Products-MIM

SIM Slot

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USB Slot
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Surgical instrument

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Chenming electronic tech. corp.

Financial Performance-

3Q/2021 Income Statement

In NT$ millions

	3Q21	%	2Q21	%	QoQ(%)	3Q20	%	YoY(%)
Net sales revenue	$1,401	100	$1,089	100	28.7%	$1,574	100	-11.0%
Cost of sales	1,366	98	1,048	96	30.3%	1,379	88	-0.9%
Gross profit	35	2	41	4	-14.6%	195	12	-82.1%
Operating expenses	99	7	89	8	11.2%	96	6	3.1%
Net operating income	(64)	(5)	(48)	(4)	33.3%	99	6	-164.6%
Non-operating income and expenses：	10	1	(8)	(1)	-225.0%	(52)	(3.3)	-119.2%
Profit before tax	(54)	(4)	(56)	(5.1)	-3.6%	47	3	-214.9%
Income tax expenses	(3)	(0)	(13)	(1)	-76.9%	17	1	-117.6%
Profit	($51)	(4)	($43)	(4)	18.6%	$30	2	-270.0%
Profit belongs to：							$0
Parent entity	($51)	(4)	($42)	(4)	21.4%	$26	2
Non-controlling interests EPS	$0 (0.33)	0.0	($1) (0.27)	(0.1)	21.2%	$4 0.17	0.3

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Chenming electronic tech. corp.

Income Statement

In NT$ millions

	2021.1~9	%	2020.1~9	%	YoY(%)
Net sales revenue	$3,550	100	$4,581	100	-22.5%
Cost of sales	3,385	95	4,113	90	-17.7%
Gross profit	165	5	468	10	-64.7%
Operating expenses	275	8	272	6	1.1%
Net operating income	(110)	(3)	196	4	-156.1%
Non-operating income and expenses：	16	0	(29)	(1)	-155.2%
Profit before tax	(94)	(3)	167	4	-156.3%
Income tax expenses	(13)	(0)	58	1	-122.4%
Profit	($81)	(2)	$109	2	-174.3%
Profit belongs to：
Parent entity	($80)	(2)	$87	2	-192.0%
Non-controlling interests EPS	($1) (0.52)	(0)	$22 0.55	0

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Chenming electronic tech. corp.

Operating Revenue during 2020-2021

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In NT$ millions
2200
2000
1800
1631
1589
1600 1544
1402
1361
1400
1200
1090
1059
1000
800
600
400
200
0
1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21
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Chenming electronic tech. corp.

Operating Revenue by Products during 2020-2021

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1800
1600
183 70
135
153
1400
166 47
151
140
227
1200
192 370
208 287
91
1000 72 228 模具
158 119
147 DT
800 173 行動狀置
232 SEVER
600
1090
996 971
899
855
400
707
607
200
0
1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21
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Chenming electronic tech. corp.

In NT$ millions

3Q/2021 Balance Sheet

Assets		Amount % 2021.09.30	Amount % 2021.09.30	2020.09.30	2020.09.30
		Amount		Amount	%
Current assets： Cash and cash equivalents financial assets at fair value through income statement Notes and Accounts receivable, net Inventories, net Other current financial assets Subtotal Property, plant and equipment Other non-current assets		$253 0 1,676 1,421 77 3,427 1,559 629	5% 30% 25% 1% 61% 28% 11%	$411 2 1,730 993 92 3,228 924 564	9% 37% 21% 2% 68% 20% 12%
Total assets		$5,615	100%	$4,716	100%
Current liabilities Short-term loans Notes and Accounts payable Other current liabilities Subtotal Non-Current liabilities Long-term loans Other non-current liabilities		$627 1,631 288 2,546 793 10	11% 29% 5% 45% 14% 0%	$300 1,252 387 1,939 297 18	6% 27% 8% 41% 6% 0%
Total liabilities Total equity		3,349 $2,266	60% 40%	2,254 $2,462	48% 52%
AR turnover days Inventory turnover days Current ratio Debt ratio		120 97 135% 60%		113 65 166% 48%

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Chenming electronic tech. corp.

3Q/2021 Statements of Cash Flows

In NT$ millions

	3Q 21	3Q 20
Cash flows from (used in) operating activities	88	462
Profit before tax Depreciation expense Decrease (increase) in notes receivable Decrease in inventories Decrease (increase) in inventories Other	(94) 193 52 (461) 379 19	167 162 317 (22) (125) (37)
Cash flows from (used in) investing activities	(586)	(55)
Acquisition of property, plant and equipment Prepayments for equipment and land Others	(424) (148) (14)	(57) (98) 2
Cash flows from (used in) financing activities	395	(246)
Increase in short-term loans Decrease in other borrowings Payments to acquire treasury shares Cash dividends paid Acquisition of Non-controlling interests Others Effect of exchange rate changes on cash and cash equivalents Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period	330 171 0 (47) (39) (20) (8) (111) 366	(90) (9) (39) (47) (44) (17) (1) 62 349
Cash and cash equivalents at end of period	255	411

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Chenming electronic tech. corp.

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For more information, please refer to following message.

Q & A

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Thank You

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