YNM — Interim / Quarterly Report 2020

May 20, 2020

(股票代號:2227)

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裕隆日產汽車股份有限公司

2020年05月20日

All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission.

Confidentiality classification : Unclassified

免責聲明

1. 本文件係由裕隆日產汽車股份有限公司（以下簡稱「本公司」）所提供，除財務報表所含之數 字及資訊外，本文件所含資料並未經會計師或獨立專家審核或審閱，本公司對該等資料或意見 之允當性、完整性及正(準)確性，不作任何明示或默示之聲明與擔保。本文件所含資料僅以提供 當時之情況為準，本公司不會就本文件提供後所發生之任何變動而更新其內容。本公司及關係 企業及各該負責人，無論係因過失或其他原因，均不對因使用本文件或其內容所致之任何損害 負任何法律責任。

2. 本文件可能包含本公司對未來可能發生之業務活動、事件或發展之陳述，而該等陳述係基於本 公司對未來營運之假設，及/或種種本公司無法控制之政治、經濟、市場等因素所做成，故實際 經營結果可能與該等陳述有重大差異。

3. 本文件不得視為買賣有價證券或其他金融商品之要約或要約之引誘。

4. 本文件之著作權歸本公司及/或本公司關係企業所有，本文件之任何部分不得直接或間接複製或 傳送給任何第三人，且不得為任何目的出版刊印本文件之全部或一部。

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P2 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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議程說明

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1
公司簡介
2
新車上市
3
營運說明
4
主要發展策略
5
兩岸車市展望
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P3 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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1

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P4 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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裕隆日產汽車公司簡介

• 公司名稱：裕隆日產汽車股份有限公司

• 成立日期：2003年10月22日

• 董事長：嚴陳莉蓮女士

• 總經理：李振成先生

• 資本額：30億新台幣

• 員工人數：410人(2020/04/30)

日產汽車

• 股權結構：

公開釋股 裕隆汽車

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P5 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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營運範疇

營運範疇

創新‧ 速度‧ 團隊

1.NISSAN 及 INFINITI 品牌在台灣除製造外之全價值鏈活動經營 2.與東風汽車有限公司共同發展大陸事業

1 國內業務

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NISSAN 及 INFINITI品牌在台 除製造外之全價值鏈活動經營

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2
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海外投資
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100%

42.69%

廣州風神汽車有限公司 (Plant)

義展海外投資 100% 股份有限公司

義華大陸投資 股份有限公司

風神襄陽汽車有限公司 (Plant) 16.55%

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公司願景

成為兩岸汽車產業「產品創新」與 「服務創新」的標竿企業。

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INFINITI – 進口豪華車

Q50

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QX50

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Q60

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QX60

NISSAN – 進口車

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NISSAN – 國產車

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P10 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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2

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P11 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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INFINITI – QX50 20年式

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INFINITI – Q50 20年式

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NISSAN – ALTIMA 20年式

年度最佳十大引擎之一 超視距防撞系統評級獎項 配備 近光大燈頂級安全獎 同級最佳中型車 最佳新車之一 全方位車款

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P14 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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NISSAN – LEAF

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NISSAN – KICKS 20年式

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NISSAN – X-TRAIL 20年式

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P17 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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NISSAN – SENTRA 20年式

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NISSAN – TIIDA NSS 360 特仕車

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INFINITI 最新行銷活動 2020世界新車大展

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INFINITI 前瞻首演 純電概念休旅QX inspiration 開啟電能新紀元

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P20 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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NISSAN最新行銷活動 GTR 50週年巡展

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NISSAN 最新行銷活動 精選促銷活動

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NISSAN 最新保修活動

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INFINITI 展間防疫配合事項宣導

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NISSAN展間防疫配合事項宣導

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NISSAN服務廠防疫配合事項宣導

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P27 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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2020年第一季合併綜合損益表

單位: 新台幣仟元

	2016	2016	2017	2017	2018	2018	2019	2019	2020Q1	2020Q1
銷貨收入淨額	34,860,446	100.0%	33,221,774	100.0%	31,257,730	100.0%	32,498,607	100.0%	7,360,633	100.0%
銷貨毛利 營業費用 營業淨利 稅前淨利 所得稅費用	5,061,230 3,859,193 1,202,037 5,586,104 955,489	14.5% 11.1% 3.4% 16.0% 2.7%	6,183,770 4,108,082 2,075,688 8,003,421 1,360,921	18.6% 12.4% 6.2% 24.1% 4.1%	5,326,727 3,989,973 1,336,754 7,676,560 1,786,514	17.0% 12.8% 4.3% 24.6% 5.7%	4,850,713 3,486,224 1,364,489 9,112,267 1,830,370	14.9% 10.7% 4.2% 28.0% 5.6%	1,058,628 1,056,230 2,398 228,280 49,694	14.4% 14.3% 0.0% 3.1% 0.7%
稅後淨利	4,630,615	13.3%	6,642,500	20.0%	5,890,046	18.8%	7,281,897	22.4%	178,586	2.4%
每股盈餘(元)	15.44	─	22.14	─	19.63	─	24.27	─	0.60	─
現金股利(元)	22.0	─	21.0	─	17.67	─	21.27	─	─	─
現金發放率	142.5%	─	94.8%	─	90.0%	─	87.6%	─	─	─

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P28 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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2020年第一季合併資產負債表

單位：新台幣仟元

	2016	2017	2018	2019	2020Q1
流動資產	12,843,955	8,783,713	8,346,080	14,997,108	13,776,479
基金與投資	14,659,211	15,251,359	15,629,726	10,708,207	10,949,639
固定資產	94,878	92,768	85,284	139,203	133,871
其他資產	2,141,704	1,648,947	2,038,657	2,726,888	2,666,002
資產總計	29,739,748	25,776,787	26,099,747	28,571,406	27,525,991
流動負債	6,310,765	2,545,626	3,323,171	3,705,175	2,493,528
其他負債	1,874,640	2,036,537	2,319,542	3,292,907	3,301,388
負債總計	8,185,405	4,582,163	5,642,713	6,998,082	5,794,916
股本	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000
資本公積	6,129,405	6,129,405	6,129,405	5,988,698	5,988,968
保留盈餘	12,387,086	12,440,237	12,059,784	13,855,188	14,040,304
股東權益其他調整項目合計	37,852	-375,018	-732,155	-1,270,832	-1,298,197
股東權益總計	21,554,343	21,194,624	20,457,034	21,573,054	21,731,075
每股淨值(元)	71.8	70.6	68.2	71.9	72.4

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P30 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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公司經營策略

S ell More Innovation-oriented sales growth strategy 以「創新」為本的銷售成長策略

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S pend Wise

Win-Win-oriented lean cost strategy 以「互惠」為本的成本精實策略

S hare with Hearts

MTP

Gung Ho-oriented corporate groundwork strategy 以「共享」為本的企業扎根策略

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智

行

科

技

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前方 安全警示 碰撞預警、 行人偵測、 車道偏離

側邊 安全警示 盲點偵測、 車門開啟警示

後方 安全警示 後方車側警示

環景 安全監控 〫環景影像監控

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P32 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Confidential
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企業社會責任

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連續三年
前50大殊榮
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2019年企業社會責任重點績效

公司治理與經濟面

社會面

董事會運作 召開董事會6次

董事會績效評估 董事成員自評4.82分 董事會績效自評4.92分

財務績效表現 成車銷售37,821台 營業收入325.0億元 稅前盈餘91.1億元 稅後每股盈餘24.27元

環境面

服務廠環境永續行動 減少180萬個機油瓶使用

整車回收與再利用 回收率達92.1%以上 回收再利用率達95%以上

綠色供應商

完成52家重點廠商碳量盤點 台廠重點供應商全取得ISO 14001認證 2019年減碳實績為2%(政府規範1%)

節能減碳

2019年為1176.0公噸CO2e/年， 與2018年相較下降幅度為5%

供應商的管理與評估

已有49家供應商鑑別為A級(共52家重點廠商) 零工安事件發生 勞檢違規事件數降低至5件(2019年) 未使用衝突礦石

雇用狀況

女性員工比例達26.7% 雇用在地居民達78.95%

員工關懷

育嬰留停期滿後實際復職的員工比例達100% 舉辦2場生活講座 每名員工接受訓練的平均時數達63.4小時

在地採購

國內零件採購占總零件採購金額51%

社會關懷

舉辦「2019-2020 裕隆日產汽車創新 風雲賞」競賽活動，累計高達22,000 人次參與活動 參與學界培養人才 舉辦「NISSAN小戰神任務」參訪活動 舉辦「INFINITI車主高爾夫聯誼賽」 長期關懷環保局市民臨時工 舉辦「大自然嬉遊記」活動 舉辦「INFINITI賽車工程學院亞洲及大 洋洲區總決賽」

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P33 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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P34 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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台灣汽車市場銷售近況

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50 29.6% 銷售(萬輛) 銷售成長率 35%
41.4 41.1 43.0 43.5 42.3 42.7 (42.2) 30%
40 36.8 35.5 37.0 25%
31.9
28.8 20%
30
15%
10.5%
15.5% 10%
20
12.0%
13.1 5%
10 4.3% 4.8% 0%
1.0% 0.80% -5%
-0.9%
0 -3.6% -2.6% -10%
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
※市場銷售量不含重車 （1月~4月）
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今年1-4月汽車銷售較去年同期成長3%，但4月份銷量卻是為2014年以來同期銷售最低的 一個月份，顯示台灣汽車市場受新冠肺炎疫情影響而導致不確定性持續升高。

在全球協力廠開始陸續復工，且考量今年是政府執行汰舊換新政策的最後一年，預計下 半年有利於汽車銷售，因此維持台灣TIV市場(不含重車) 42.2萬輛之預估值。

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P35 All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission. Confidentiality classification : Unclassified
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大陸汽車市場銷售近況

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銷售(萬輛) 銷售成長率
2887.9
45.5% 2802.8 2810.0
2576.9
2459.8
32.4% 2,349.2
(2,000)
2,198.4
13.9%
1,806.2 1,850.5 1,930.6 13.9%
1,364.5 2.5% 4.3% 6.9% 4.7% 3.0%
-2.7%
-8.3%
367.2
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※市場銷售量包含乘用車及商用車

（1月~3月）

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東風日產乘用車公司銷售近況

29.1萬台 16.1萬台

2019年 2020年

大陸汽車市場1~3月較去年同期衰退約40%，預 估這波疫情將持續影響達半年，大陸汽車市場 有望於下半年開始恢復，故預計2020年大陸汽 車市場約2,000萬輛。

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THANK YOU FOR YOUR ATTENTION

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P37

All right reserved by Yulon Nissan Motor Co., Ltd. Do not use without any permission.

Confidentiality classification : Unclassified