Financial Information

February 2024		Unit: thousands of NT$
Item	Accumulated, as of February 2024	Accumulated, the same period of previous year
Consolidated Operating Revenues	60,895,920	57,499,063
Consolidated Operating Profit	334,902	(963,636)
Consolidated Profit Before Income Tax	813,920	(1,022,883)
Notes: 1.The preliminary accumulated consolidated operating revenues as of February 2024 totaled NT$ 60,895,920 thousand. The preliminary accumulated consolidated operating profit totaled NT$ 334,902 thousand. The preliminary accumulated consolidated profit before income tax totaled NT$ 813,920 thousand. 2.Information for the Company's carbon steel sales volume (non-consolidated basis) is as follows: The sales volume of carbon steel in February 2024 totaled 643,775 tons. Accumulated sales volume of carbon steel as of February 2024 totaled 1,318,674 tons. 3.Accumulated performance summary: Accumulated consolidated profit before income tax as of February 2024 increased on a YOY basis, mainly due to the increase in operating revenues and operating profit resulting from the increase in ASP, the decrease in unit cost, and the increase in sales volume of the steel department. Additionally, the increase in dividends from mining investments and foreign exchange gains resulted in the increase in non-operating income. China's two sessions this year have set a GDP growth rate of 5%, launching more powerful revitalization policies and demonstrating the determination to support the economy. New ultra-long special treasury bonds for major strategic infrastructure will be issued, which could boost steel demand. The NBS of China reported that the industrial production and national fixed asset investment increased by 7% and 4.2% year on year for January-February, a level better than expected. Private investment and infrastructure construction led to investment expansion in India and Southeast Asia. In February, India's and ASEAN's PMI increased to 59.6 and 50.4, respectively. Taiwan's economy is steadily recovering, and investment in the technology industry has driven steel demand for factory construction. The monitoring indicator by the NDC for January has returned to the green light, representing stability after 16 months. The DGBAS raised Taiwan's GDP growth rate this year to 3.43%, a level superior to last year's 1.4% and represents the best performance in recent years. Recently, steel prices in the U.S. and iron ore prices have stopped declining and begun to rebound. Steel prices in China are stable and rangebound. After the FED's March meeting, the market expectation for interest rate cuts this year increased from 0.5% to 0.75%, with a higher likelihood of rate cut in June. It is beneficial for boosting the steel commodity market. The upward trend in the steel market remains unchanged and is expected to improve quarter by quarter in the future.

Comparison between the accumulated number as of this month and the same period of previous year			Unit: thousands of NT$
Item	Accumulated, as of February 2024	Accumulated, the same period of previous year	Difference	Difference in percentage (%)
Consolidated Operating Revenues	60,895,920	57,499,063	3,396,857	6
Consolidated Operating Profit (Loss)	334,902	(963,636)	1,298,538	135
Consolidated Profit (Loss) Before Income Tax	813,920	(1,022,883)	1,836,803	180