Slide 1: Investor Conference
2025 Investor Conference 2025/11/21
Slide 2: Investor Conference Itinerary
China General Plastics Corp. Investor Conference 2025/11/21 Time Itinerary Reporter 14:00〜14:30 VIP Registration Review for Q3 & Outlook for Q4 J H Wu, Director 14:30〜15:00 Finance Information for Q1~Q3 C F Li, Manager 15:00〜15:30 Q&A Otto Hu, President 2
Slide 3: 2025 Q3 Review & Q4 Outlook
China General Plastics Corp. 2025 Q3 Review & Q4 Outlook Nov 21, 2025 Reporter : J.H. Wu, Director 3
Slide 4: Q3 Review: PVC feedstocks
2025 Q3 Review : PVC feedstocks Ethylene : OPEC+ lifted their production cut agreement, leading production increase from August to October. Easing tensions in the Middle East caused crude oil/light crude oil prices to fluctuate downwards. Reciprocal tariffs brought uncertainty in the global manufa
Slide 5: Q3 Review: PVC (I)
2025 Q3 Review : PVC(I) In Q3, maintenance shutdowns at Chinese plants were gradually completed while new capacity came online, leading the operating rate increased (76.5% → 80%). Output in Q1-Q3 grew by 4.1% year-on-year. High US tariffs, continued sluggish domestic real estate investment, downst
Slide 6: Q3 Review: PVC (II)
2025 Q3 Review : PVC(II) In India, Q3 demand of PVC for agricultural irrigation and infrastructure was slowed by the rainy season, coupled with ample imports (especially from China at low prices up 11% year-on-year in Q3), tariff issues, rupee depreciation, and buyers slowing down transactions bef
Slide 7: Q3 Review: PVC (III)
2025 Q3 Review : PVC(III) The US Q3 data on inflation, unemployment, new housing starts and building materials demand were weak. PVC production increased by 3% but domestic sales decreased by 5% quarter-on-quarter, and inventory surged by 25% with pressure. For lowering down inventory, the US PVC
Slide 8: Q3 Review: Consolidated Sales
2025 Q3 Review : Consolidated Sales The YTD consolidated sales till Q3 in 2025 was NT$ 7.385 B, which decreased by NT$ 1.158 B YoY ( 14 %↓). Sales Quantities (KT) Products 2025 2024 +/- VCM / PVC 228 232 -4 PVC Products 23 29 -6 Alkaline 100% 43 44 -1 Total 294 305 -11 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 Apr-25 Jul-25 Oc
Slide 11: Q4 Outlook: Ethylene
2025 Q4 Outlook : Ethylene The US tariff tensions rose and uncertain economic outlook coupled with continued OPEC+ production increase and easing tensions in the Middle East but rising trade barriers are impacting crude oil demand and led to continued downward volatility in crude oil/light crude o
Slide 12: Q4 Outlook: EDC / VCM
2025 Q4 Outlook : EDC / VCM EDC : Demand for alkali and chlorine derivatives is weak. The inventories are rising. Northeast Asian manufacturers maintain production cut to support prices and limit EDC supply. US EDC supply is ample. Considering year-end inventory tax pressures, increased overseas s
Slide 13: Q4 Outlook: PVC Supply (I)
2025 Q4 Outlook : PVC Supply (I) The Fourth Plenary Session of the Communist Party Central Committee issued directives for the 15th Five-Year Plan (domestic consumption, technological self-reliance, industrial innovation and transformation, and green energy saving); supply-side reforms in the petr
Slide 14: Q4 Outlook: PVC Supply (II)
2025 Q4 Outlook : PVC Supply (II) Crude oil, light oil and ethylene prices declined. Northeast Asian cracking plants reduced ethylene production. Downstream derivatives and PVC demand were weak (year-end inventory reduction, downstream products tariffs, anti-dumping barriers). EDC operating rates
Slide 15: Q4 Outlook: PVC Demand (I)
2025 Q4 Outlook : PVC Demand (I) During Q4~2026, Chinese domestic macroeconomic market situation is bullish, including reciprocal tariff reductions and PMI of 49% in Oct. Downstream processing demand is entering its off-season. With the withdrawal of India's trade barriers and lower freight rates,
Slide 16: Q4 Outlook: PVC Demand (II)
2025 Q4 Outlook : PVC Demand (II) Concerning about the US economic trend and data (inflation/unemployment/ consumption), FED cut interest rate by 50 basis point, and reduce tariff with major trading countries. But domestic demand for PVC in the construction, pipe and window industries is expected
Slide 17: Q4 Outlook: PVC Products (I)
2025 Q4 Outlook : PVC Products(I) Construction Materials : The domestic construction industry is pessimistic about the real estate market and housing starts from Q4 to 2026. With the government's year-end public works rush and the expanded budget for 2026, CGPC continue to strive for deliveries of
Slide 18: Q4 Outlook: PVC Products (II)
2025 Q4 Outlook : PVC Products (II) PVC Film & PVC Leather : In Q4, CGPC continue product transformation, promoting high-performance, high-value PVC leather and environmentally friendly products, expanding industrial application and improving profitability through patent and trademark registration
Slide 19: 2025 Q1~Q3 Finance Information
China General Plastics Corp. 2025 Q1~Q3 Finance Information Nov 21, 2025 Reporter : C F Li, Manager 19
Slide 20: Q1~Q3 Sales by Products
2025 Q1~Q3 Sales by Products (NT$million) 20
Slide 21: Consolidated Statements of Income
Consolidated Statements of Income Unit : NT$million , except per share data 2025 2024 2024 2023 2022 YoY% Jan.-Sep. Jan.-Sep. FY FY FY Sales 7,385 8,543 -13.6% 11,087 13,707 17,637 Cost of goods sold 7,747 8,308 -6.8% 10,876 12,030 16,959 Gross profit(loss) -362 235 -254.0% 211 1,677 678 Gross profi
Slide 22: Financial Ratio Analysis (Consolidated Basis)
Financial Ratio Analysis (Consolidated Basis) 2025 2024 2024 2023 2022 Jan.-Sep. Jan.-Sep. FY FY FY Operating income margin(%) -14.5 -6.7 -7.6 3.4 -5.6 Net income margin(%) -11.3 -4.4 -6.8 2.9 -1.9 Debt ratio(%) 51 47 48 42 40 Current ratio(%) 92 133 136 204 217 Quick ratio(%) 56 83 82 127 129 Avera
Slide 23: Disclaimer
Disclaimer This presentation includes the Company’s current information and any development or adjustments thereof will be published according to laws, regulations or rulings. The Company is not obligated to update or revise this presentation. The information in this presentation is not for inve
Slide 24: The End Thank You
China General Plastics Corp. The End Thank You 2025/11/21 Work together to create prosperity 24
Slide 25: Investor Conference Q&A
China General Plastics Corp. Investor Conference Q&A 2025/11/21 Work together to create prosperity 25