Y.C.C. — Annual Report 2014

Mar 27, 2015

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Agenda
1 Corporate Introduction
2 Industry Overview
3 Corporate Performance
4 Research & Development
Com etitive Advanta es
5 p g
6 Future Plan
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1 Cor orate Introduction
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1.Company Information 2.Company History 3.Business Core 4.Core Products

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Corporate Introduction

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Company Information

Company Address ： No.7 Lugung S.3[rd] Rd., Lukang Town, Chunghua County, Taiwan, R.O.C. Company Established Date ： March.7, 1986 Core Products ： Auto Parts Manufacturing and Sales Paid-in Capital ： NTD 759,259 thousand dollars Number of Employees ： 301 (updated by Feb.28, 2015) President ： Lin Shi-Yun

Chief Executive Officer ： Lin Yi-Hong

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Corporate Introduction

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Company History

• 1986 Established in Taipei Shu-lin

• �2000 Certified by ISO9001/QS9000

• �2001 Certified by USA CAPA Association

• �2004 Moved to Lukang

• 2005 Applied Automatic Electroplating Line

• 2006 Second Injection Factory, Office building and employee dormitory

• 2007 Increased 30 container port

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• �2010 Mold factory finished/ laboratory certified by ISO17025

• �2012 Applying to be a publish company

• �2013 Third injection facility completed

• �2014 Acquire 75.765% of China First Holdings Limited share (in progress)

• �Increase capital 100,000,000NTD, 10,000000 shares

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Corporate Introduction

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Business Core

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SINCERITY
INNOVATI ON PRAGMATIC
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Corporate Introduction

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Core Products and Material

Item Name	Significant Application and Function	Material
Bumper	To enhance driving safety and beautify the vehicle exterior	ABS and PP Plastic material
Grille	To cool down the engine by bringing in the air and beautify the vehicle exterior
Air Deflector	To keep driving balance and beautify the shape
Head Lamp Mounting Panel	To fit headlight setting and strengthen the vehicle structure

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2 Industr Overview y

1.Industy/Product Analyzed Map 2.Market Analysis

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Industry Overview

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Auto Parts Production chain

• Plastic and Glass Industry

• Steel Industry

• Petrifaction Industry

• Electrical Machinery Industry

• Electronics Industry

• Vehicle Manufacturers

• Vehicle Maintenance Venders (incl.

• traders )

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Industry Overview

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Y.C.C. Production Chain

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First Level Plastic Material
(ABS, PP, etc.)
Second Level
Auto Parts
(Bumper, Grille, Air Deflector, and
Head Lamp
Mounting Panel
Last Level
Foreign exporters
Distributors
Retailers
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Industry Overview

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After Market Attributes

YCC is manufacturer of after market replacement part, quality and lead time is the key to win business. Diverse product line is also increases competitive ability.

YCC is one of the main supplier of after market plastic part. We are working our way toward bigger market share. Our future plan is to become OE supplier and increase business span.

YCC is persist with quality. The continuous growth of CAPA parts in recent year combined with 30 years of hard work let YCC maintain high market share.

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Industry Overview

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Investment Plan and Strategy

75.765% 100%

share share China First Holdings Limited YCC Changshu Guanlin

Changshu Guanlin Automotive Trim Co., Ltd.is a company based in Changshu specializing in the production of auto parts enterprises. Guanlin Motors was founded in 2005 June, main car interiors, including molding, oil and water spraying, laser carving, printing, fluoride treatment, leather coating auto parts technology. At the same time the Guanlin forest at the end of 2011 increased 2 sets of advanced processing equipment before: dry ice processing and washing treatment,Guanlin forest car will give the best service to our customers.

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Industry Overview

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Investment Plan and Strategy Guanlin’s main clients and product line

Industry Overview

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Investment Plan and Strategy Guanlin and InnoLux collaborate plan

LCD Monitor

Changshu Guanlin

InnoLux on board panel(2013)

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3 Corporate Performance

1 Sales Status 2 Profit Analysis 3 Earning per share 4 Dividend Policy

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Corporate erformance

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(單位: 新台幣仟元) Sales Growth
1,439,884
1,400,000 1,222,786
1,157,780
1,120,959
1,060,219
1,200,000
1,000,000
800,000
600,000
400,000
200,000
0
99年 100年 101年 102年 103年
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Corporate Performance

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Sales status and Profit analysis 1,000NTD %

Items Year	98年度	99年度	100年度	101年度	102年度	103年度
Sales Income	1,047,069	1,060,219	1,120,959	1,157,780	1,222,786	1,439,884
Sales Margin	342,319	299,575	333,008	382,849	411,827	517,547
Gross Profit Margin	32.69%	28.26%	30%	33%	34%	36%
Net Profit	132,135	92,462	171,102	168,470	220,130	301,050
Earning per Share	2.35	1.64	2.84	2.63	3.33	4.57

註：99年度每股盈餘較低主係匯率損失及依35號公報認列資產減損損失所致

Corporate Performance

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Earnings per share (after tax)

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NTD
Thousand NTD
4. 57
4.5
300,000 301,050
4
250,000 3.33 3.5
2.84 220,130 3
2.63
200,000
2.5
171,102
168,470
150,000 2
1.64
1.5
100,000 92,46 2
1
50,000
0.5
- 0
99年 100年 101年 102年 103年
稅後盈餘 每股盈餘
註：99年度每股盈餘較低主係匯率損失及依35號公報認列資產減損損失所致
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Corporate Performance

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Dividend policy Stock share distribution in recent 5 year

Unit: NTD per stock

Year	EPS	Cash dividend	Earnings share matching	Capital surplus share matching	Total dividend	Distribution rate
2009 (assigned by 2010)	2.35	1.5	一	一	1.5	64%
2010 (assigned by 2011)	1.64	0.95	0.55	一	1.5	91%
2011 (assigned by 2012)	2.84	1.5			1.5	53%
2012 (assigned by 2013)	2.63	1.5			1.5	57%
2013 (assigned by 2014)	3.33	1.5			1.5	45%

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3 Research & Development

1.Results

2.Future Developing Plan

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Research and Development

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Achievements

一、擁有自動包裝機專利 1. Automatic Packing Machine Patent

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Research and Development

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Achievements

2. Improvement of Automatic Resembling Line

Automatic Electroplating Line

Automatic Assembling Line

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Automatic Painting
Assembling Line Electroplating Line
Automatic Grinding Automatic Washing
Line machine 23
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Research and Development

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Future Developing Plan

• Apply mold analysis and improve mold structure to

• shorten the producing time

• Continuously improve producing process and apply

• automatic facility

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4 Competitive Advantages

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Competitive Advantages

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Production

• Self production line with stable quality

• The key producing process including injection,

• electroplating and painting reaches OEM standard

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Competitive Advantages

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Acquire NSF laboratory certification

Build own mold factory and apply CNC program to shorten the time of opening new mold and cost down

Complete production line to meet customers’ needs Continuous tool development, high tool cost prevent competitor from entering the market

Tool manufacturer able to reach OE standard and is in good relation with YCC, competitor have difficulty entering the market Keep developing new molds by 30 years professional experiences in developing. Accumulating thousands of molds

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Future Plan Future Plan

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Our Goals and Vision

•Becoming the biggest bumper and grille supplier in Taiwan

•Being the best choice of every customer

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