China Glaze Co., Ltd. · TWSE:1809
China Glaze — FY2024 Earnings Presentation
27 slides from China Glaze's earnings presentation, Mar 27, 2025
Slide 1: Investor Conference
法人說明會 Investor Conference 2025.Mar.27 Stock Coed:1809
Slide 2: Disclaimer
免責聲明 Disclaimer 本簡報是建立於本公司從各項來源所取得之資訊，有些資訊可能受未來不 確定性因素影響，致使與原先本公司對於未來前景的說明迥異。未來若有 變更或調整時，請以公開資訊觀測站公告資訊為依據。 This presentation is based on the information obtained from various sources which the Company believes to be reliable. But at some point in the future, there are a variety of factors which coul
Slide 3: Agenda
會議議程 Agenda 公司簡介 Company Overview 營運狀況 Operating Status 未來展望 Future Strategies & Plans 3
Slide 4: Company Overview
01 公司簡介 Company Overview
Slide 5: Company Milestone
公司重要沿革 Company Milestone 1974 公司創立，為台灣首家生產製造陶瓷用熔塊釉的製造工廠 China Glaze Co., Ltd. was funded as the first ceramic frit glaze manufacturer in Taiwan 1984 開發成釉產品並導入市場 Develop Glaze product and launch to the market 1986 色料研發完成並導入市場 Develop Pigment product and launch to the market 1992 成立廣東三水大鴻制釉有限公司 Establ
Slide 6: Company Milestone
公司重要沿革 Company Milestone 1996 榮獲台灣證券交易所審查通過股票上市 (股票代號1809) China Glaze Co., Ltd listed on the Taiwan Stock Exchange and trading began on April 30, 1996 2000 獲BVQI認証通過 ISO-14001 Received the French BVQI ISO-14001 environmental management 2005 成立印尼中釉有限公司 Established P.T. China Glaze Indonesia 2006 成立山
Slide 7: China Glaze Group Organization
中國製釉集團組織圖 China Glaze Group Organization 股 東 會 Shareholders m eeting 董 事 會 審 計 委 員 會 Boar d of Dir ector s A udit C om m ittee 薪 酬 委 員 會 決策委員會 Decision Committee C om pensation C om m ittee 永續發展委員會 Sustainable D evelopm ent C om m ittee 董 事 長 Chair m an 稽核室 A udit O ffice 總 經 理 經營委員會 Gr oup M anagem
Slide 8: Operating Base
Gore rseesmas ¢& - 3) WH te Fe. g CHINA GLAZE GROUP A y eee Operating Base rT) FSA RAARAS) Pele) RIG ARRAS) PRRARAARAS) APEPRRARRARLS)
Slide 9: Main Business Units
主要事業單位 Main Business Units 陶瓷原料 建築材料 新材料 玻璃螢光片 Phosphor in glass 陶瓷色釉料 Ceramic frits & Glaze 玉晶石 Crystallized glass for Building Material 電子級玻璃 Electronic grade glass 陶瓷數碼墨水 Ceramic printing inks 全固態電池材料 Solid-state battery materials 9
Slide 10: Operating Status
02 營運狀況 Operating Status
Slide 11: Balance Sheet Overview (Consolidated)
合併資產負債表摘要 Balance Sheet Overview (Consolidated) 單位：新台幣百萬元 Unit：NT$ million 2024Yr 2023Yr 金額(Amount) % 金額(Amount) % 現金及約當現金 515 11 613 13 (Cash and cash equivalents) 按攤銷後成本衡量之金融資產-流動 36 1 72 2 Financial assets at amortized cost - current 應收款項 625 14 631 14 Receivables) 存貨 624 14 648 14 (Inventories)
Slide 12: Statements of Comprehensive Income Overview (Consolidated) (1)
合併綜合損益表摘要 (1) Statements of Comprehensive Income Overview (Consolidated) 單位：新台幣百萬元 Unit：NT$ million 2024Yr 2023Yr 增減金額 增減% 營業收入 (Net revenus) 2,415 2,357 58 2.5 營業成本 (Cost of good sold) 1,932 1,984 (52) (2.6) 營業毛利 (Gross profit) 483 373 110 29.5 營業費用 (Operating expenses) 492 478 14 2.9 其他收益及費損(NET O
Slide 13: Statements of Comprehensive Income Overview (Consolidated) (2)
合併綜合損益表摘要 (2) Statements of Comprehensive Income Overview (Consolidated) 單位：新台幣百萬元 Unit：NT$ million 2024-Q4 2023-Q4 增減金額 增減% 營業收入 (Net revenus) 643 622 21 3.4 營業成本 (Cost of good sold) 512 512 0 0.0 營業毛利 (Gross profit) 131 110 21 19.1 營業費用 (Operating expenses) 138 122 16 13.1 其他收益及費損(NET OTHER OPERAT
Slide 14: Statement of Cash Flow Overview (Consolidated) (1)
合併現金流量表摘要(1) Statement of Cash Flow Overview (Consolidated) 單位：新台幣百萬元 Unit：NT$ million 2024Yr 2023Yr 金額(Amount) 金額(Amount) 營業活動之現金流入 154 146 CASH FLOWS FROM OPERATING ACTIVITIES 合併稅前淨利 52 (61) Net income before tax 折舊費用 79 81 Depreciation 應收款項 (31) 10 Receivables 存貨 22 189 Inventories 投資活動之現金流出 (101
Slide 15: Statement of Cash Flow Overview (Consolidated) (2)
合併現金流量表摘要(2) Statement of Cash Flow Overview (Consolidated) 單位：新台幣百萬元 Unit：NT$ million 2024Q4 2023 Q4 金額(Amount) 金額(Amount) 營業活動之現金流入 60 38 (CASH FLOWS FROM OPERATING ACTIVITIES) 合併稅前淨利 11 (18) (Net income before tax) 折舊費用 20 20 Depreciation 應收款項 (58) 29 Receivables) 存貨 30 (59) (Inventories) 投資活動之現金
Slide 16: Revenues by Subsidiary (Full Year)
集團銷售分析(依產區營收1) Revenues by Subsidiary 2024Yr 2023Yr 增減金額 增減比率 台灣 ( Taiwan) 1,694 1,597 97 6.1% 中國 ( China) 358 344 14 4.1% 印尼 ( I ndonesia) 248 277 -29 -10.5% 孟加拉 ( Bangladesh) 79 79 0 0.0% 其他 ( Other ) 36 60 -24 -40.0% 合計 ( Total) 2,415 2,357 58 2.5% 2024Yr 2023Yr 2,415 2,357 2,500 2,000 1,694 1,59
Slide 17: Revenues by Subsidiary (Q4)
集團銷售分析(依產區營收2) Revenues by Subsidiary 2024Q4 2023Q4 增減金額 增減比率 台灣 (Taiwan) 518 392 126 32.1% 中國 (China) 34 116 -82 -70.7% 印尼 (Indonesia) 71 75 -4 -5.3% 孟加拉 (Bangladesh) 20 26 -6 -23.1% 其他 (Other) 0 13 -13 -100.0% 合計 (Total) 643 622 21 3.4% 2024Q4 2023Q4 643 622 650 550 518 450 392 350 250 150 116 71
Slide 18: Revenues by Region (Consolidated)
合併營收地區別同期比較 1 Revenues by Region (Consolidated) 區 域 2024Yr 2023Yr 增減金額 增減比率 台灣 ( Taiwan) 648 554 94 16.9% 中國 ( China) 307 358 (51) -14.2% 印尼 ( I ndonesia) 310 338 (28) -8.2% 泰國 ( Thailand) 182 195 (13) -6.5% 菲律賓 ( P hilippines) 109 112 (3) -2.8% 越南 ( Vietnam ) 12 13 (1) -7.6% 馬來西亞 ( Malaysia) 78 71
Slide 19: Revenues by Region (Consolidated) 2
合併營收地區別同期比較2 Revenues by Region (Consolidated) 區 域 2024Q4 2023Q4 增減金額 增減比率 台灣 ( T aiwan) 229 185 44 23.8% 中國 ( China) 25 101 (76) -75.2% 印尼 ( I ndones ia) 85 90 (5) -5.6% 泰國 ( T hailand) 36 46 (10) -21.7% 菲律賓 ( P hilippines ) 21 24 (3) -12.5% 越南 ( Vietnam ) 5 0 5 #DIV/0! 馬來西亞 ( Malays ia) 19 24 (5)
Slide 20: Gross Profit (Consolidated)
合併營業毛利 1 Gross Profit (Consolidated) 2024Yr 2023Yr 增減金額 增減比率 台灣 ( Taiwan) 363 279 84 30% 中國 ( China) 45 12 33 275% 印尼 ( I ndonesia) 50 47 3 6% 孟加拉 ( Bangladesh) 23 24 -1 -4% 其他 (Other) 2 11 -9 -82% 合計 ( Total) 483 373 110 29% 500 483 2024Yr 2023Yr 400 363 373 279 300 200 100 45 50 47 12 23 24 11 2 0
Slide 21: Gross Profit (Consolidated) Q4
合併營業毛利 2 Gross Profit (Consolidated) 2024Q4 2023Q4 增減金額 增減比率 台灣 ( Taiwan) 100 85 15 18% 中國 ( China) 17 3 14 467% 印尼 ( I ndonesia) 13 9 4 44% 孟加拉 ( Bangladesh) 2 9 -7 -78% 其他 (Other) -1 3 -4 -133% 合計 ( Total) 131 109 22 20% 140 131 2024Q4 2023Q4 120 109 100 100 85 80 60 40 17 13 20 9 9 3 2 3 0 台灣 (Ta
Slide 22: Material Cost
原料成本 單位：佔總原料成本百分比 Material Cost Unit：% of total material cost 22
Slide 23: Material Price Trend – 2022Yr ~ 2024Yr
原料價格走勢-2022年~2024年 Material Price Trend – 2022Yr ~ 2024Yr 23
Slide 24: Future Strategies & Plans
03 未來展望 Future Strategies & Plans
Slide 25: Future Strategies and Plans
—. MAPHAD SAR H mA ERPUEBRKR: MPH G HABARERADA) SFM P RILEY BILLA ye The ceramic market continues to grow in South Asian countries such as Banglad Sri Lanka. New markets such as Benin in West Africa have been successfully ente and this year the Saudi Arabian market in the Middle East will be develop
Slide 26: Phosphor Platelet and Solid-State Electrolyte Materials
26 vy > 4, Phosphor Platelet ‘ E> Bl Re EH F 44-4 Solid-State Electrolyte materials of ERRMAARBIE > CIBIATE-16E9K PR RMS LEA RM | EB PRRGRPHSKREKKR’ CASPRRAAF e It is mainly used in automotive lighting and has passed the IATF-16949 automotive 1 chain quality management system verification. Revenue i
Slide 27: Thank you
感謝各位投資人蒞臨及對本公司之支持與愛護 Thanks for coming and kindly appreciate your support. 本公司網站：www.china-glaze.com.tw Thank you