China General Plastics Corporation · TWSE:1305
China General Plastics — Investor Conference 2025
29 slides from China General Plastics's conference presentation, Mar 19, 2025
Slide 1: 2025 Investor Conference
2025 Investor Conference 2025/3/19
Slide 2: Investor Conference Itinerary
China General Plastics Corp. Investor Conference 2025/3/19 Time Itinerary Reporter 14:00〜14:30 VIP Registration Review for 2024 & Outlook for J H Wu, Director 2025 Q1 14:30〜15:00 Finance Information for 2024 C F Li, Manager 15:00〜15:30 Q&A Otto Hu, President 2
Slide 3: 2024 Review & 2025 Q1 Outlook
China General Plastics Corp. 2024 Review & 2025 Q1 Outlook March 19, 2025 Reporter : J.H. Wu, Director 3
Slide 4: 2024 Review: PVC feedstocks
2024 Review : PVC feedstocks Ethylene: Weak global plastics demand, severe impact of China’s excess petrochemical capacity, and insufficient spreads between ethylene and Naphtha have forced Asian crackers to maintain conservative operations. Besides, China's domestic demand recovery is delayed and
Slide 5: 2024 Review: PVC (I)
2024 Review : PVC (I) The spillover arising from the excess capacity of China’s commonly-used plastics has aggravated the situation in the international market. Among them, PVC new production capacity was input, and the operating rates remained high (79–81%) in the second half of the year. However
Slide 6: 2024 Review: PVC (II)
2024 Review : PVC (II) India's economic growth has slowed down. However, there is a potential rigid PVC demand for public construction, infrastructures and pipelines. Due to the delayed implementation of BIS, uncertainty of ADD, and the dumping of CN goods, PVC imports increased by 2.3% year-on-ye
Slide 7: 2024 Review: Consolidated Sales
2024 Review : Consolidated Sales The consolidated sales in 2024 was NT$11.087B, which decreased by 2.62B YoY (19%↓). Sales Quantities (KT) Y2024 Y2023 +/- VCM/PVC 303 384 -81 PVC Products 37 46 -9 Alkaline 58 55 3 Total 398 485 -87 7
Slide 8: 2024 Review: PVC Sales Mix
2024 Review : PVC Sales Mix Unit:KT 500 Domestic Export Captive Total 450 400 350 300 250 200 150 100 50 - 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 8
Slide 9: Crude Oil & Ethylene Price Trend
Crude Oil & Ethylene Price Trend Unit:US$/bbl WTI Unit:US$/MT CFR NEA (Platts) 130 1,500 Crude Oil Ethylene 110 1,300 90 1,100 70 900 50 700 30 500 10 300 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 Oct-21 Jan-22 Apr-22 Jul-22 Oct-22 Jan-23 Apr-23 Jul-23 Oct-23 Jan-24 Apr-24 Jul-24 Oct-24 Jan-2
Slide 10: PVC / VCM / EDC Price Trend
PVC / VCM / EDC Price Trend Unit:US$/MT CFR NEA (Platts) 1,950 1,800 EDC VCM PVC 1,650 1,500 1,350 1,200 1,050 900 750 600 450 300 150 0 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 Oct-21 Jan-22 Apr-22 Jul-22 Oct-22 Jan-23 Apr-23 Jul-23 Oct-23 Jan-24 Apr-24 Jul-24 Oct-24 Jan-25 10
Slide 11: 2025 Q1 Outlook: Ethylene
2025 Q1 Outlook : Ethylene The U.S. has shown its determination to increase crude oil production, and OPEC will cancel the production cut agreement. However, the global demand for petrochemical products is growing slowly, and the U.S. trade and tariff policies are not favorable to the outlook for
Slide 12: 2025 Q1 Outlook: EDC / VCM
2025 Q1 Outlook : EDC / VCM EDC: Stronger caustic soda market has led to the improvement of overall electrolysis margins, encouraged alkali and chlorine operating rates and increased EDC production. As the new EDC production capacity in Asia gradually being put into operation, it is estimated that
Slide 13: 2025 Q1 Outlook: PVC Supply
2025 Q1 Outlook : PVC Supply China will continue to invest in large PVC production capacity in 2025. In Q1, PVC’s overhaul was slight and the alkali and chlorine operating rate increased (↑83.2%). Calcium carbide and VCM costs remained stable. High operating rate was maintained around the Chinese
Slide 14: 2025 Q1 Outlook: PVC Demand (I)
2025 Q1 Outlook : PVC Demand(I) China’s economic recovery is still facing multiple pressures. In addition to setting growth targets, the convening of two sessions have also promoted economic policies to stimulate domestic demand through proactive fiscal measures and monetary easing. From the PVC d
Slide 15: 2025 Q1 Outlook: PVC Demand (II)
2025 Q1 Outlook : PVC Demand(II) India’ s agriculture, pipelines, and infrastructure show rigid demand. However, Q1 is approaching fiscal year-end settlements. Coupled with the high imports from China in the previous period, sufficient supply of cargoes, and falling freight rates, the material pre
Slide 16: Introduction of AI application results and plans for 2025
Introduction of AI application results and plans for 2025 16
Slide 17: Main Topics
Introduction of AI application results and plans for 2025 #5 dryer completed, specific steam consumption AI automation reduced by 5.7%. control of the #6 and #7 dryer project is under implementation, dryers in the PVC the specific consumption of steam is reduced by process 4.9% and 19%. #3，#4 2025 k
Slide 18: AI automation control of the dryers in the PVC process
AI automation control of the dryers in the PVC process 18
Slide 19: AI automation control of the dryers in the PVC process
AI automation control of the dryers in the PVC process Benfit Seatistics 19
Slide 20: The actual benefits of CGPC
Introduction of AI application results and plans for 2025 2024/Jun ~ 2025/Feb The actual benefits of CGPC Dryer’s introduction of intelligent AI process optimization. $ 1,360k 183.2 1 Cost Saving (TWD) CO2e (ton) Daan Forest Park 20
Slide 21: Patenting High Value-added New Products (1/2)
Patenting High Value-added New Products (1/2) 1. DEFENTEX : - TPO imitation fabric luggage Lightweight, anti-fouling, wear- resistant, water-repellent, mildew- proof, anti-bacterial and anti-viral. 2. CHROMA Cool : - After being exposed to the sun, the surface temperature of motorcycle seat/bicycle
Slide 22: Patenting High Value-added New Products (2/2)
Patenting High Value-added New Products (2/2) 3. Inkjet printing leather : - WeMo scooter advertising seat . 4. Fully recycled TPE leather : TPE Fully recycled TPE Fully recycled ESG green material. hiking shoes hiking slippers - Hiking shoes. - Hotel’s slippers. 5. Water-based coating for leather p
Slide 23: 2024 Finance information
China General Plastics Corp. 2024 Finance information March 19, 2025 Reporter : C F Li, Manager 23
Slide 24: 2024 Sales by Products
2024 Sales by Products (NT$million) 24
Slide 25: Consolidated Statements of Income
Consolidated Statements of Income Unit : NT$million , except per share data 2024 2023 2022 2021 YoY% FY FY FY FY Sales 11,087 13,707 -19.1% 17,637 20,222 Cost of goods sold 10,876 12,030 -9.6% 16,959 15,181 Gross profit 211 1,677 -87.4% 678 5,040 Gross profit ratio 1.9% 12.2% 3.8% 24.9% Operating ex
Slide 26: Financial Ratio Analysis (Consolidated Basis)
Financial Ratio Analysis (Consolidated Basis) 2024 2023 2022 2021 FY FY FY FY Operating income margin(%) -7.6 3.4 -5.6 16.4 Net income margin(%) -6.8 2.9 -1.9 13.0 Debt ratio(%) 48 42 40 30 Current ratio(%) 136 204 217 264 Quick ratio(%) 82 127 129 152 Average days of collection 34 34 36 36 Average
Slide 27: DPS vs. EPS
Cash dividend per share Earning per share
Slide 28: The End Thank You
China General Plastics Corp. The End Thank You 2025/3/19 Work together to create prosperity 28
Slide 29: Investor Conference Q&A
China General Plastics Corp. Investor Conference Q&A 2025/3/19 Work together to create prosperity 29