Chung Hung Steel Corporation · TWSE:2014
Chung Hung Steel — Q3 2024 Earnings Presentation
23 slides from Chung Hung Steel's earnings presentation, Sep 25, 2024
Slide 1: Chung Hung Steel Corporation 2024 Q3 Investor Conference
Stock Code:2014 CHUNG HUNG STEEL CORPORATION 2024 Q3 INVESTOR CONFERENCE 2024.09.25 圖片設計來源：
Slide 2: Disclaimer
Disclaimer The information contained in this presentation and its accompanying announcements is based on present condition and information available at the time the statements were made. The presentation is run exclusively for the purpose of providing information and not for the purpose of investm
Slide 3: Agenda
AGENDA 1 Company Profile 1 2 Industry Overview 3 3 Financial Overview 12 4 Sustainable Development 17
Slide 4: Company Profile
AGENDA 1 Company Profile 1 2 Industry Overview 3 3 Financial Overview 12 4 Sustainable Development 17 1
Slide 5: Company Profile
Company Profile Date of Chairman of the President Paid-in capital establishment Board NTD 1983.09.29 Kuei-Sung Tseng Min Chu 14,355,444,460 Address Main Main products Mills stockholder Kaohsiung：Hot Rolling 317, Yu Liao Rd., Hot-rolled coil, Mill, Cold Rolling Mill, Steel Chiao Tou China Steel Cold-
Slide 6: Industry Overview
AGENDA 1 Company Profile 1 2 Industry Overview 3 3 Financial Overview 12 4 Sustainable Development 17 3
Slide 7: World Economic Growth Forecast
World Economic Growth Forecast • Due to the offsetting effects of revisions in economic growth across various countries, the IMF's forecast for global economic growth in 2024 remains at 3.2% compared to the previous forecast. • In 2024, India and China remain the main drivers of global economic grow
Slide 8: Manufacturing PMI
Manufacturing PMI • United States：Pre-election conservative investment sentiment makes PMI into contraction, future rate cuts is expected to boost economy. • Europe：PMI fluctuates at low levels, inflation significantly improves, possibility of further rate cuts increases. • Japan：PMI trends toward s
Slide 9: Global Crude Steel Production Forecast
Global Crude Steel Production Forecast • According to the WSD July report, global crude steel production is expected to be 1,879 million tons in 2024, and reach 1,890 million tons in 2025, with a year-on-year growth of 0.6%. • China's crude steel production in 2025 may be limited due to insufficient
Slide 10: Global Steel Demand Forecast
Global Steel Demand Forecast • According to the World Steel Association's April 2024 report, as the impact of inflation gradually subsides and QE policy expectations remain, the steel industry has been boosted. Global steel demand is expected to grow by 1.7% in 2024, reaching 1,793 million tons. • L
Slide 11: Steel price trend-Hot Rolled (international market)
Steel price trend-Hot Rolled (international market) 2024.Q2-2024.Q3 Steel Price Trend Recap and Outlook (International) • 2024.Q2： • U.S. steel mills attempted to raise prices to stabilize the market, but the previous price base was relatively high, and with tepid local demand, steel prices continue
Slide 12: Steel price trend-Hot Rolled (international market)
Steel price trend-Hot Rolled (international market) 2024.Q2-2024.Q3 Steel Price Trend Recap and Outlook (International) • 2024.Q3：In the U.S., while buyers remain cautious about purchasing, steel mills are sticking to their price levels due to planned maintenance outages in September and October, wi
Slide 13: Steel Market Outlook (1/2)
Steel Market Outlook(1/2) • In terms of macroeconomics, the IMF maintained the 2024 global economic growth forecast at 3.2% in the World Economic Outlook report released in July. India, China, and emerging markets remain the key drivers of global growth. Additionally, inflation in both the U.S. and
Slide 14: Steel Market Outlook (2/2)
Steel Market Outlook(2/2) • In China, the economic momentum is expected to be supported by the effects of previously introduced policies such as long-term bonds, interest rate incentives, and ongoing optimization of the real estate sector. This will help stabilize industrial demand. Additionally, th
Slide 15: Financial Overview
AGENDA 1 Company Profile 1 2 Industry Overview 3 3 Financial Overview 12 4 Sustainable Development 17 12
Slide 16: Financial Overview (1/3)
Financial Overview (1/3) Financial Performance (In Million of New Taiwan Dollars) 2024 H1 2023 H1 YoY Operating Revenues 17,308 19,259 -10.13% Gross Profit (29) 509 -105.70% Profit Before Income Tax (259) 236 -209.75% Net Profit for the Period (207) 181 -214.36% Gross Profit Rate -0.17% 2.64% Profit
Slide 17: Financial Overview (2/3)
Financial Overview (2/3) Proportion of Annual Sales Table of Sales by Products 100% 3.94% 3.06% Million 8,000 16.88% 17.63% 80% 7,000 60% 40% 79.18% 79.31% 20% 0% 2024Q1 2024Q2 熱軋產品 Hot-rolled 冷軋產品 Cold-rolled 鋼管 Steel pipe 2024 Q1 2024 Q2 14
Slide 18: Financial Overview (3/3)
Financial Overview (3/3) Quarterly Sales by Products & Domestic and foreign sales ratio Operating Revenue 160,000 75% 70% 150,000 65% 60% 140,000 55% 130,000 50% 45% 120,000 40% 35% 110,000 30% 100,000 25% Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 總銷量(噸) 外銷比(%) 內銷比(%) Total Sale(Tons) Foreign Sales(
Slide 19: Financial Performance
Financial Performance Debt Ratio & Net Worth Current Ratio 15.00 80.00 160.00 13.00 70.00 150.91 150.93 150.00 148 11.48 11.33 11.14 11.06 11.00 10.69 60.00 140.00 136.1 9.00 50.00 132.48 130.00 7.00 40.00 5.00 30.00 120.00 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2 流動比率Cu
Slide 20: Sustainable Development
AGENDA 1 Company Profile 1 2 Industry Overview 3 3 Financial Overview 12 4 Sustainable Development 17 17
Slide 21: Performance Practices aligned with United Nations Sustainable Development Goals
Performance Practices aligned with United Nations Sustainable Development Goals. A total of NT$2.958 million Achievement of a waste was allocated for charitable recycling rate of 99.26% in 2023. donations in 2023. Achievement of a green In 2023, implementation of procurement amount of 29 energy-savi
Slide 22: Q&A
Sustainability Reports Q&A Financial Reports 19 Competence Honesty Service
Slide 23: Thank You!
THANK YOU! Competence Honesty Service