YHT — Annual Report 2021

Nov 17, 2021

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YING HAN TECHNOLOGY CO., LTD. Financial statements & Business re ort p

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Disclaimer

The following pages contain projections & estimates of financial information as well as the market and product developments for future periods. These projections & estimates are based on information currently available which we believe to be reliable, but they involve risks and uncertainties. Our actual results of operation and financial condition may differ significantly from those contained in the projections & estimates. These projections & estimates should not be interpreted as legally binding commitments.

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Com an Profile p y

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History, Chronicle

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1987

1995

2000

2017

2018

2020

2021

YLM was In 1995, YLM is one of the founded YLM's CNC PC leaders in supply of in 1987 Based tube bender advanced solutions was the first for companies in advantaged metal tube forming control system industries developed in Asia (USA TENNECO)

IPO in 2017

Blooming up the Blooming up the AI Intelligence & market of laser market of laser Digital communications era cutting machine technology & 6 axes articulated robot

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Shareholders
The Audit
Committee C ompensation Committee
Organization Board of
Directors
Auditing Office
Chairman
President
Committee for Quality
Assurance Safety and Health
Committee
Machine Tool Tube Processing
Organization Organization
Sales R&D Productive Sales R&D Productive Quality Administration Finance
Dept. Dept. Dep Dept. Control Dept.
artm Dept.
ent
design engine Electric Material Customer CNC Tooling design engine Processing Material
section building control section Service section design section building section section
section section section section section
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Global Distribution

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YLM TIANJIN China

YLM TAIWAN KEJI dist. Tainan (HQ)

YLM TIAWMA Yong-Kang dist. Tainan

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4 Automatic & Intelligent Equipment Production Manufactories

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- YLM 24 hour NON STOP Global Service

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Poland
Russia
Ukraine
Italy
Turkey Europe North
Spain America
Canada
China
USA
Korea
Asia Taiwan HQ
Japan
Iran
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Africa
UAE
Mexico Sales & Service
Egypt Indonesia Venezuela South
South Africa
India Colombia America
Vietnam Australia Brazil Locations
Thailand Australia Argentina
Malaysia
Philippines
Singapore
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Products and industrial a lications pp

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Main Products

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CNC hybrid tube AE tube bender
Laser cutting
bender(single side) (single side / R&L)
technology
Cutter CNC 6 axes Laser cutting
End-former machining centers articulated robot technology
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Automation work cell

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Industry Application

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Automobile Industry

Shipbuilding industry

Construction Industry

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Boiler Industry

Aviation Industry

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Industry Application

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Furniture Industry

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Diesel Engine Tubes

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Home Appliances
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Sports Equipment Industry

Baby Stroller Components

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Technolo ical Innovation g

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System integration Big data collection

Analog technology

Automation work cell

Intelligent analysis technology

Smart robot

Industry 4.0 solutions

Information Management Software

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Information Management Software

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Operating performance Automation work cell

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Work cell in Australia

Work cell in Turkey

Work cell in Japan

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Work cell in Egypt

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Work cell in Russia

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Work cell in USA

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Operating performance YLM Robot

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CNC machining center

Warehouse with YLM robot

MMK with YLM robot

Coordinate measure system with YLM

with YLM robot

robot

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Sanitary equipment with YLM robot

ACER with YLM robot

Automatic Rice Bag Stacking Line

with YLM robot

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Future Pros ects p

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Future Prospects

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“ Artificial Intelligence ” and “ Information Management ” Software series

AI bender replaces people to set up parameters and self-diagnose abnormalities. Also, it provides the best bending path.

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Laser Processing series

The six-axis robotic arm with an external servo rotating platform achieves energy saving and environment protection to meet high efficiency.

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“Work Cell Network” Plan

Entertaining the era of 5G network communication, using wireless communication technology to connect multiple single working stations to achieve working simultaneously at the whole area, this what we called Unmanned Work Cell condition.

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Financial statements

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Statement of Comprehensive Income

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Unit: NTD Thousand

	Amounts % 2018Y	Amounts % 2018Y		Amounts % 2019Y	Amounts % 2019Y		Amounts % 金額 % 2021Q3 2020Y	Amounts % 金額 % 2021Q3 2020Y
Revenue	1,433,323	100%		984,653	100%		658,110	100%		624,399	95%
Gross Profit	546,761	38%		317,386	32%		151,679	23%		149,186	23%
Expense	365,241	25%		344,250	35%		286,477	44%		224,113	34%
OperatingIncome	181,301	13%		(26,801)	-3%		(133,192)	-20%		(73,180)	-11%
Non-operatingGain/Loss	12,269 1% 149,306 10%			(33,925) -3% (62,038) -6%			(19,834) -3% (14,421) -2% (152,490) -23% (95,043) -14%
Net Income
EPS	$2.21			($0.95)			($2.23)			($1.41)

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Global Sales Allocation

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Decline of N.A. caused by Covid-19

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2019Y Revenue 2020Y Revenue
Europe 2%
Europe
5%
Oceania North America
Oceania
18%
North America North North
28% America America
Asia Asia
Africa
Africa
South
South America
America Asia 77%
Europe
Europe
Asia 64%
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Global Sales Allocation

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2020Q3 Revenue
Europe 7%
North America
17%
Oceania
North America
Asia
Africa
South America
Asia 75%
Europe
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Main Income Source

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– N.A. & EU market has slowed down import of competitive machines

Unit: NTD Thousand

AE tube bender, 514,293 CNC hybrid tube bender, 599,256 Other tube bender, 85,613 Machine, 96,738 Molds & parts, 137,423	AE tube bender, 514,293 CNC hybrid tube bender, 599,256 Other tube bender, 85,613 Machine, 96,738 Molds & parts, 137,423	AE tube bender, 514,293 CNC hybrid tube bender, 599,256 Other tube bender, 85,613 Machine, 96,738 Molds & parts, 137,423	AE tube bender, 203,907 CNC hybrid tube bender, 480,643 Other tube bender, 122,002 Machine, 53,056 Molds & parts, 125,045	AE tube bender, 203,907 CNC hybrid tube bender, 480,643 Other tube bender, 122,002 Machine, 53,056 Molds & parts, 125,045			AE tube bender, ~~39,400~~ CNC hybrid tube bender, 346,361 Other tube bender, 77,084 Machine, 69,057 Molds & parts, 126,208	AE tube bender, ~~39,400~~ CNC hybrid tube bender, 346,361 Other tube bender, 77,084 Machine, 69,057 Molds & parts, 126,208			AE tube bender, 46,785 CNC hybrid tube bender, 367,986 Other tube bender, 65,672 Machine, 72,868 Molds & parts, 71,088
	2018Y			2019Y			2020Y
											2021Q3

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– Stable Operation Strategy Sales Income

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Unit: NTD Thousand Decline caused by Covid-19 & business controversy
1,600,000
1,400,000
1,200,000
1,000,000
800,000
600,000
400,000
200,000
0
2016Y 2017Y 2018Y 2019Y 2020Y
Revenue 1,391,738 1,504,683 1,433,323 984,653 658,110
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Unit: NTD Thousand

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– Continuous mission on high profit Gross Profit

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Decline caused by Covid-19 & business controversy
40.6%
38.1%
36.5%
32.23%
YLM
22.83%
21.98% 21.86% 21.96%
23.89%
23.05%
15.70% Peer
YLM Peer
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Data From : MOPS

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– Income Efficiency Net Profit

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Impacted by Covid-19 & business controversy of US & China started from Q4 2018

Unit : NTD Thousand，%

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16.7% 18.0%
190,000 14.2%
12.6%
13.0%
162,897
140,000
149,298
140,765 8.0%
90,000
5.76% 3.0%
4.91% 4.56%
4.01% Peer
40,000 -2.0%
-3.54%
-7.0%
-10,000
2016Y 2017Y 2018Y 2019Y 2020Y 2021Q3
-12.0%
-2.7%
-60,000 (73,180)
(64,046)
-20.2% -17.0%
-11.7%
-110,000
YLM -22.0%
-160,000 (152,490) -27.0%
YLM-Operating Income YLM Peer
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Data From : MOPS

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- To create highest profit for shareholders EPS

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100% 3.5
90%
2.71 89% 2.80 2.5
80% 2.24 2.21
1.71 1.5
70%
1.24 68%
1.15
0.91
60% 0.5
55%
50%
2016Y 2017Y 2018Y 2019Y 2020Y 2021Q3
-0.5
(0.95)
40%
(1.41)
-1.5
30%
(2.23)
20% -2.5
YLM Peer YLM-Dividend payout Ratio
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Data From : MOPS

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Balance Sheet

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Unit: NTD Thousand

	2018Y	2018Y		2019Y	2019Y		2020Y	2020Y		2021Q3	2021Q3
Total Assets	3,030,217	100%		3,049,136	100%		2,746,009	100%		2,722,766	100%
Cash and cash equivalen	314,548	10%		394,328	13%		278,965	9%		228,371	8%
Current assets	1,848,053	61%		1,627,295	54%		1,494,462	49%		1,495,628	49%
Property, plant and equi	p 816,117	27%		764,553	25%		726,717	24%		777,233	26%
Noncurrent assets	51,499	2%		262,960	9%		245,865	8%		221,534	7%
Total liabilities	1,754,934	58%		1,943,159	64%		1,788,826	59%		1,864,025	62%
Short-term loans	676,327	22%		1,074,127	35%		925,120	31%		924,225	31%
Current liabilities	546,842	18%		278,882	9%		273,531	9%		324,490	11%
Long-term loans	493,285	16%		447,958	15%		462,017	15%		496,581	16%
Noncurrent liabilities	38,480	1%		142,192	5%		128,158	4%		118,729	4%
Equityattributable to	1,268,086	42%		1,096,287	36%		949,555	31%		851,827	28%
Total liabilities&equity	3,030,217	100%		3,049,136	100%		2,746,009	100%		2,722,766	100%
Net valueper share	18.8			16.2			14.1			12.6
Debt Ratio	57.9%			63.7%			65.1%			68.5%
Current Ratio	177%			149%			148%			138%
Quick Ratio	102.7%			78.2%			78.3%			78.3%

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