CHIA.TA.WORLD.CO.,LTD. 2023 Investment Outlook Briefing: An Overview of Products and Business Concepts
Established in 1973, CHIA.TA.WORLD.CO.,LTD. is a leading manufacturer of various steel wire products like Hard Drawn Steel Wire, Galvanized Steel Wire, and Prestressed Concrete Steel Wire. With a focus on operational diversification and internationalization, the company emphasizes quality and expertise. Explore their product range and business philosophy in this briefing session.
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CHIA TA WORLD CO.,LTD 2023 Briefing Session of Investment Outlook 1
1. Company Profile 2. Industry Overview 3. Operation Overview 4. Financial Information 5.Future Outlook 6. Others 2
Established: 1973/4/23 Over-the-Counter(OTC): MAY,1997. Go Public: SEP,2009. Authorized Capital Stock: NTD$ 1,200,000 thousand dollars. Paid-Up Capital: NTD$ 806,945 thousand dollars. 3 Factories: YungKang 1st YungKang 2nd LinYuan Factory. Employees: Approximately 114. 4
Business Concept Operational Diversification Managerial Institutionalization Quality Internationalization Talents Expertization 5
MAIN PRODUCTS Hard Drawn Steel Wire For spring, mattress Rolling doors, suspensions 6
Galvanized Steel Wire For spring, wire ropes Electrical cable wires 7
Low Relaxation Prestressed Concrete Steel Wire For piles, poles & bridges. 8
Low Relaxation Pre-stressed Concrete Steel Wire Strand For buildings, infrastructures, beams and bridges. 9
Steel Bar for Pre-stressed Concrete (Ulbon / Deformed Bar) For poles, piles, etc. 10
(Un) Galvanized Steel Wire Strand For electrical cables, telegraph cables. 11
Wire Rope For forestry, crane fishery uses. 12
Industry Status & Development Russia-Ukrain War Crisis of Energy China Lockdowns Inflation Rising US Interest Rates dragging down the Global Economy. Many Global Steel Mills in 2nd half year: Reduced production & arranged annual maintenance plans. Pressure of Industrial Inventory in Domestic Market. 14
Strengthen US Dollar is not in favor of Purchasing Raw Materials from Overseas. Looking Forward to TW s government for Infrastructure Projects encouraging domestic market. If those uncertain factors getting moderated, the industry will grow positively. 15
Interrelationships among Upper, Middle and Lower Stream of Industry Upper: Steelmaking (Billet,Bloom,Wire Rod) Middle: Drawing (Wire, GI-wire, Rope, PCS, PCB) Lower: Application (Mattress, Spring, Pile, Pole, Beam, Bridge, Cable) 16
Product Development Trend & Competition China&South East Asia: Cheap raw materials, Big economic scale, FTAs. Need to explore more sources for competitive raw materials; cost down; improve production process with high quality to segment markets. 17
Markets 100.00 94.75 92.49 90.63 90.00 80.00 74.32 70.00 60.00 50.00 40.00 30.00 16.86 20.00 9.08 8.53 7.27 10.00 4.88 0.37 0.30 0.29 0.24 0.00 0.00 0.00 0.00 2020 2021 2022 2023/3Q Taiwan Japan USA Others 19
Main Raw Material Sources 70.0 57.7 60.0 55.5 52.2 51.2 48.8 47.8 50.0 44.5 42.3 40.0 30.0 20.0 10.0 0.0 2020 2021 2022 2023/3Q Domestic Overseas 20
Product Sales Ratio 70.0 70.0 58.4 58.4 60.0 60.0 55.5 55.5 52.2 52.2 52.6 52.6 50.0 50.0 38.3 38.3 36.7 36.7 40.0 40.0 35.1 35.1 27.2 27.2 30.0 30.0 20.0 20.0 14.3 14.3 10.7 10.7 8.9 8.9 9.0 9.0 10.0 10.0 0.7 0.7 0.1 0.1 0.5 0.5 0.2 0.2 0.0 0.0 2020 2020 2021 2021 2022 2022 2023/3Q 2023/3Q Steel, Galvanized & Annealing Wire Steel, Galvanized & Annealing Wire Wire Rope & Strand Wire Rope & Strand PC Bar & PC Strand PC Bar & PC Strand Others Others 21
Balance Sheet (for the last 2yr including 2023 Q1-3) Unit: NT$ thousand Unit: NT$ thousand 2022/12 2022/12 Amount % % 544,438 544,438 42 42 544,840 766,582 58 766,582 58 1,311,020 100 1,312,377 178,874 15 15 265,875 20 265,875 20 16,640 1 16,640 1 17,237 2 17,237 2 195,514 195,514 16 16 283,112 22 283,112 22 265,487 20 1,020,473 84 1,020,473 84 1,027,908 78 1,046,890 80 1,027,908 78 1,046,890 80 2023/09 2023/09 Amount 462,189 462,189 753,798 62 753,798 62 1,215,987 100 1,215,987 100 1,311,020 100 178,874 2021/12 2021/12 Amount 544,840 767,537 58 767,537 58 1,312,377 100 247,977 247,977 19 17,510 1 17,510 1 265,487 20 % % 38 38 % % Current assets Non-current assets Total Assets Current liabilities Non-current liabilities Total Liabilities Total Equity 42 42 100 19 23
Income Statement (for the last 2 yr including 2023 Q1-3) Unit: NT$ thousand 2023/09 2023/09 2022/12 2022/12 2021/12 2021/12 Amount Amount Amount % % % % % % Revenues 435 435,490 ,490 100 100 810,803 810,803 100 100 844,784 844,784 100 100 Gross profit 35,828 35,828 8 8 51,560 51,560 6 6 85,928 85,928 10 10 Operating income - -9,917 9,917 - -2 2 - -15,077 15,077 - -2 2 14,337 14,337 2 2 Profit before tax - -8,450 8,450 - -2 2 - -14,490 14,490 - -1 1 18,270 1 18,270 1 Profit - -7,379 7,379 - -2 2 - -12,698 12,698 - -1 14,725 1 14,725 3 3 Earning Per Share (after tax) - -0.09 0.09 - -0.16 0.16 0.18 0.18 24
Financial Ratio Analysis (for the last 2 yr including 2023 Q1-3) 2023/09 2022/12 2021/12 Debt ratio 16.08 16.08 17.72 17.72 20.23 20.23 Current ratio 258.39 258.39 235.50 235.50 219.71 219.71 Quick ratio 123.38 123.38 110.62 117.62 110.62 117.62 Time Interest Earned - -2.44 2.44 - -2.96 12.33 2.96 12.33 Return on Assets - -0.42 0.42 - -0.74 1.28 0.74 1.28 Return on Equity - -0.72 0.72 - -1.22 1.22 - -1.41 1.41 25
Gross Profit Margin 16.00 13.40 14.00 11.56 12.00 10.17 10.00 9.23 8.22 8.00 6.36 6.00 4.00 2.00 0.00 2018 2019 2020 Gross Profit Margin Gross Profit Margin 2021 2022 2023/3Q 26
COMPANY Looking for wide diversity & cost-competitive raw material sources. Strengthen production management, R&D and reducing defect rate. Expanding overseas markets & reducing the risk of market concentration. Enhancing the close relationship between upstream and downstream, to ensure good quality materials and sales channels. 28
CUSTOMER Enhance customer services by providing customized products to suit variety of client needs. Exploiting new customers and markets. 29
SOCIAL RESPONSIBILITY Renew and strengthen the management of raw materials, wastewater and gas equipment that may cause harmful environment in the process. Prepare emergency response plans to minimize the possibility of damage. Cooperate with the government's green energy policy. 30
INVESTMENT Since Covid-19, China-US trade war, Russia- Ukrain war & Crisis of Energy has continued, the prospect is full of uncertainty. Although the company has no new investment plans for the time being, it still upgrading existing equipments and increasing the efficiency of production use. 31
6. Others N/A 32
