Financial Information

1.The preliminary accumulated consolidated operating revenues as of August 2024 totaled NT$ 247,194,248 thousand. The preliminary accumulated consolidated operating profit totaled NT$ 2,261,851 thousand. The preliminary accumulated consolidated profit before income tax totaled NT$ 4,316,186 thousand.

2.Information for the Company's carbon steel sales volume (non-consolidated basis) is as follows:
The sales volume of carbon steel in August 2024 totaled 628,927 tons. Accumulated sales volume of carbon steel as of August 2024 totaled 5,209,931 tons.

3.Accumulated performance summary:
Accumulated consolidated profit before income tax as of August 2024 increased on a YOY basis, mainly from the increase in operating revenues and operating profit as a result of the increase in ASP and unit gross profit of the steel department and the increase in gross profit from construction. Additionally, the increase in dividends from mining investments and interest income resulted in the increase in non-operating income.
Inflation in the EU and the US have slowed down, international oil prices have fallen, and the Fed kicked off interest rate cut cycle in September. The People's Bank of China (PBOC) has simultaneously implemented easing monetary policies and announced that it will cut bank reserve rates by 50 basis points. It’s expected to achieve long-term liquidity injection of about RMB one trillion yuan, with a multiplier effect on financial market liquidity and is anticipated to drive investment and consumption momentum. In the first eight months of this year, construction steel demand from Taiwan’s public construction, residential buildings, and factories continued to be strong. Steady domestic automotive sales and a new regulation on specified percentage of locally produced auto parts will support the automotive steel demand. The steel market is expected to gradually bottom out and stabilize.