Cap Preform Bottle Label OEM ODM Brand -...

Taiwan Hon Chuan Confidential Proprietary

股票代號 Stock Number：9939.TT

BrandODMOEMLabelBottlePreformCap

Taiwan Hon Chuan Confidential ProprietaryTaiwan Hon Chuan Confidential Proprietary

公司簡介

Section 1.

Company Profile

Taiwan Hon Chuan Confidential Proprietary 3

公司簡介 About Hon Chuan

Establishment Date：July, 1969

President：Tsao, Hsih-Chung

Chairman：Dai, Hung-Chuan

Capital : NTD 2,928,788,790

Market Capitalization：NTD 16.3 bn [ NT. 55.5 / 2018.03.15 ]

Headquarters：Taichung, Taiwan

[ No.6, Gongyequ 2nd Rd., Xitun Dist., Taichung City 407, Taiwan ]

AreaEmployee Number

Plant Area (m2)Plant Floor Area (m2)

Taiwan 1,210 104,765 265,988

China 2,040 765,668 326,399

S.E. Asia 1,230 274,884 145,483

Africa 104 9,517 11,140

Total 4,584 1,154,834 749,010

Approved

Certificate

by clients

International

Quality

Certificate

ISO 9001 ISO 22001 HACCP

Food TQF OHSAS 18001 TOSHMS

FSSC 22000

COCA-COLA, PEPSICO,

Uni-President, SUNTORY, KIRIN,

ASAHI, ITOEN, TINGYI(Master Kong),

DANONE, CR Beverage, Wong Lo Kat,

JDB, Red Bull, OISHI, ICHITAN, POKKA

and so on...


股權架構圖 Holding Structure

THC

Samoa Hon Chuan

Hon Chuan AsiaHon Chuan Africa Hon Chuan China

Hon ShiSAMOA

ShimadaMozambique

Hon Shi

Myan

mar

HC

MalaysiaH

C

Vietn

amH

C

Ind

on

esia

HC

Thailan

dH

CHon Chuan FD

Packaging Co. Ltd.

Kai GangSamoa

Hong Hsing

Suzh

ou

HC

Ch

inSh

inH

C

Zhan

gzho

uH

C

Hu

be

iH

C

Suzh

ou

Ho

ngxin

Ch

angsh

aH

C

Jinan

HC

Taiyuan

HC

Quanhe,Anyang Hon Chuan

100%

100%

60%

100% 100%60% 70% 100% 100% 100% 100%

65%

100% 94.17%

100% 100%

100% 100% 100% 100% 100% 100% 100% 100%

Luo

he

HC

100%

Ho

nly

Ho

ldin

g

Co

., Ltd.

95%

Ho

nh

ua

Ho

ldin

gs C

o., Ltd

100%

100%

Cambodia Honly 100%


國際化佈局 Global Distribution

THC

Taiwan

Headquarters

President

Chairman

Taichu

ng 1

stPlan

t(G

rou

p H

ead

qu

arters)

Taichu

ng 2

nd

Plan

t

Taichu

ng 1

stAse

ptic

Filling P

lant (O

EM)

Taichu

ng 2

nd

Ase

ptic

Filling P

lant (O

EM)

Ru

ifang

Plan

t(U

ni-P

resid

en

t In-h

ou

se)

Taoyu

anP

lant

(Co

ca Co

la In-h

ou

se)

Ch

aiyiPlan

t(K

uan

gC

hu

an In

-ho

use

)

Taiwan China AfricaS.E.

Asia

Area Factories(Include In-House)

In-HousePlants

Taiwan 8 3

China 17 8

S.E. Asia 17 9

Africa 2 0

Total 44 20

Taichu

ng 3

rdA

sep

ticFillin

g Plan

t (OEM

)




Asia


In-HousePlants

Taiwan 8 3

China 17 8

S.E. Asia 17 9

Africa 2 0

Total 44 20

THC

China

HeadquartersVice President

General Manager

Su

zh

ou

HC

Pla

nt

(Ch

ina H

ead

qu

arters)

Su

zh

ou

Ho

ng

xin

gP

lan

t (O

EM

)

Ch

an

gsh

a P

lan

t(O

EM

)

Taiy

uan

Pla

nt

(OE

M)

Jin

an

Pla

nt

(OE

M)

Ch

en

gch

ow

Pla

nt

(Un

i-Pre

sid

en

t In-h

ou

se)

Ku

nm

ing

Pla

nt

Zh

an

gzh

ou

Asep

ticF

illing

Pla

nt

(OE

M)

An

hu

i Lu

an

Pla

nt

(C’est

bo

n In

-Ho

us

e)

Xia

n P

lan

t(C

oca-C

ola

In-h

ou

se

)

Gu

an

gd

on

g P

lan

t(O

EM

)

Ku

nm

ing

Pla

nt

(Pe

ps

i In-h

ou

se

)

Ch

en

gch

ow

Pla

nt

(JM

LIn

-ho

use)

Hu

bei X

ian

tao

Pla

nt

(OE

M, In

-ho

use)

An

hu

i Eastro

c P

lan

t(In

-ho

use)

Hen

an

An

yan

g P

lan

t

Hen

an

Lu

oh

eP

lan

t




Asia


In-HousePlants

Taiwan 8 3

China 17 8

S.E. Asia 17 9

Africa 2 0

Total 44 20

Myanmar

THC

S.E. Asia

Headquarters

Thailand Indonesia Vietnam Malaysia Combodia

HC

FD

Pla

nt (F

&D

JV

)

HC

Th

aila

nd

Pla

nt

(Un

i-Pre

sid

en

t In-h

ou

se)

HC

Th

aila

nd

Pla

nt

(S.E. Asia H

ead

qu

arters)

Th

aila

nd

Pla

nt

(Fo

od

Sta

r In-h

ou

se)

HC

Th

aila

nd

Pla

nt

(Te

ns

aiIn

-ho

use)

HC

Ma

lays

ia P

lan

t

HC

Mala

ysia

Pla

nt

(Co

co

ala

nd

In-h

ou

se)

HC

Vie

tna

m P

lan

t

HC

Vie

tna

m P

lan

t(T

ribec

oIn

-ho

us

e)

HC

Ind

on

es

ia P

lan

t(F

uta

miIn

-ho

use)

HC

Ind

on

es

ia P

lan

t(A

BC

Pre

sid

en

t In-h

ou

se)

PT. H

C In

do

ne

sia

Pla

nt

Mya

nm

ar p

lan

t

Ind

on

es

ia A

se

ptic

filling

Pla

nt

Ca

mb

od

ia P

lan

t(M

arry

JV

)

Mya

nm

ar K

H p

lan

t

Vice President

General Manager

Mya

nm

ar L

oiH

ein

pla

nt



Provide plastic caps to local clients and export to nearby countries,also, planning to have joint venture with top beverage companies in Africa

Africa Snapshot

Population 1.07 billions

Per capita GDP USD 2,600

Avg. GDP growth rateEast Africa 6.7%, North Africa 4.4%,

West Africa 6.1%, Mid Africa 5.8%,

South Africa 3.5%

Mozambique Snapshot

Capital Maputo

Population 26 millions

Per capita GDP USD 650

Language Portugal

Jet lag 6 hrs later than Taiwan

Set up a Joint Venture company with local client, started in 2016/08


Asia


In-HousePlants

Taiwan 8 3

China 17 8

S.E. Asia 17 9

Africa 2 0

Total 44 20

THC

Africa

Headquarters

Mozambique

Hon Shi

Plant

Mozambique

Shimada

Plant


Group revenue ratio of each products

食品包材飲料代工其他

2016Revenue

Ratio

Packaging 68%

ClosurePlastic caps, Aluminum caps,Metal Lug caps

Label

PET/OPS/PVC shrinkable label, OPP colorful label, LDPEshrinkable filmfor multipacks

Bottle Preform, PET Bottle

Beverage OEM 27%PET aseptic

beverage fillingTaiwan, China, S.E. Asia

TR aseptic

beverage fillingTaiwan

PET HF beverage

fillingTaiwan, China, S.E. Asia

Other 5%Cigarette and Beer packaging Material trade

Plastic

caps

Aluminum

caps

Metal Lug

caps

Label

LDPE

shrinkable filmPreform

PET

Bottle

Beverage filling OEM

Cigarette

and Beer

packaging

Material

產品介紹 Products


財務與營運資料

Section 2.

Financial Information


集團營收趨勢 Group Sales Revenue

Cu

rren

cy : N

TD

. 10

0 m

illion

Taiwan

China

S.E. Asia

Africa

0

20

40

60

80

100

120

140

160

180

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

29.9 37.0 50.0 53.8

63.6 64.1 69.4 73.0 78.2 71.3

70.6 73.9 21.5

27.0

34.5 37.2

46.6 57.3

58.3 60.0 59.0 59.6 59.2 59.2

2.4

4.5

7.5 9.2

14.0

15.5

28.1 33.0

35.1 34.9 34.4

40.9 0.9

1.2

68.5

92100.2

124.2

136.9

155.8166

172.3165.8

53.8

165.1Total175.2


營運表現合併資產負債表 Balance Sheet (Consolidated)

Currency : NTD Million2014 2015 2016

2017Sep. 30

YOY(%)

Item 2015 2016 2017 Sep. 30

Total Assets 29,197 29,118 27,391 28,365 -0.3% -6% +1%

Cash 2,066 2,422 2,415 2,336 +17% -0.3% +8%

NR & AR 2,337 2,522 2,436 3,761 +8% -3% +8%

Inventory 1,990 1,749 1,746 1,902 -12% -0.2% +29%

Fixed Asset 19,139 18,796 17,991 17,268 -2% -4% -5%

Total Liabilities 17,528 16,115 14,715 15,267 -8% -9% -1%

NP & AP 769 659 1,123 1,181 -14% +70% +39%

Total Equity 11,669 13,003 12,676 13,098 +11% -3% +1%

A/R Turnover Ratio(Time) 7.67 6.72 6.55

Inventory Turnover Ratio(Time) 7.07 7.22 7.5

A/P Turnover Ratio(Time) 18.44 18.92 17.69


營運表現合併綜合損益表 Income Statements (Consolidated)

Currency : NTD Million2014 2015 2016

2017Q1-Q3

YOY(%)

Item 2015 2016 2017 Q1-Q3

Revenue 17,226 16,578 16,511 14,054 -4% -0.4% +6%

COGS 14,426 13,513 13,108 11,236 -6% -3% +8%

Gross Profit 2,801 3,066 3,402 2,818 +9% +11% -1%

Op. Profit 1,150 1,264 1,671 1,466 +10% +32% -5%

Pretax Income 1,141 1,031 1,498 1,552 -10% +45% +12%

Tax 206 145 308 302 -30% +112% +8%

Net Income 935 886 1,190 1,250 -5% +34% +13%

Net Income(Attributable to Parent Company)

966 949 1,178 1,182 -2% +24% +9%

After Tax EPS(NTD Dollar) 3.72 3.26 4.02 4.03 -12% +23% +9%

Gross Margin(%) 16.26% 18.49% 20.6% 20.05%

Operating Margin(%) 6.68% 7.62% 10.12% 10.43%

Net Margin(%) 5.61% 5.72% 7.13% 8.41%


營運表現自結集團營收 Group Sales Revenue

Area2018 2017

Growth %Jan to Feb

Taiwan 1,155 968 +19%

China 1,003 991 +1%

S.E. Asia 669 569 +18%

Africa 29 23 +26%

Total 2,856 2,551 +12%

Currency : NTD Million 2018 Jan to Feb 2017 Jan to Feb

Taiwan,

41%

China,

35%

S.E. Asia,

23%

Africa, 1%

Taiwan,

38%

China,

39%

S.E. Asia,

22%

Africa, 1%


產品銷售結構 Sales Construction

China S.E. AsiaTaiwan

Jan to Feb

Plastic cap , 27%

Metal lug cap, 1%

Preform, 37%

PET bottle ,

12%

Label , 6%

Beverage Filling

OEM, 17%

Aluminum cap , 7%

Label , 7%

Metal lug cap, 3%

Plastic cap , 9%

PET bottle , 19%

Cigarette

filter , 11%

Beverage

Filling OEM,

28%

Others, 17%

Plastic cap ,

57%

Preform, 13%

PET bottle , 7%

Label , 2%

Beverage Filling

OEM, 22%


重要客戶群 Key Customers


公司策略與佈局

Section 3.

Corporate Strategy


台灣總部 Yearly Development in Taiwan

No.1

Cooperating with top 5 beverage companies in every countries, actively participating in international packaging exhibition activities. Marketing as base, then build up factories.

1Taiwan headquarters as group leadership

Establishing headquarters to integrate corporate resources, actively cultivating international talentedpeople and offer comprehensive resources to oversea branches.

2 Global markets expansion

Beverage packaging and filling OEM company


佈局大陸 Yearly Development in China

1Keep adjusting production lines : enhance capacity utilization rate

2Optimized products’ combination : innovative packaging products

3Deep cooperation :strategical cooperation with main clients

4 Carefully control costs

Beverage packaging and filling OEM companyTop3


東南亞新廠投產 New Plants in S.E Asia

Myanmar

Thailand

Indonesia

Food Star Thailand 2015/10

Tensai Thailand 2017/4QMyanmar HC 2015/11

Myanmar KH 2016/10

Myanmar Loi Hein 2018/1Q

Cambodia

Surabaya HC 2016/1Q

Cambodia Honly 2015/08


柬埔寨宏莉廠 Combodia Honly Plant

Brand

15,935

64,022

1月 2月 3月 4月 5月 6月 7月 8月 9月 10月 11月 12月

2017年銷售量

全年共約50萬箱

6.9

GDP growth2017

%

Population(Million)

1576

+ Labor force: 60% of total population+ Major industry:

Agriculture/Textile/Travel+ Food Market:

Consumption is still limited, and gap between rich & poor is huge, market sentiment is quite similar with10-year ago Vietnam. However, due toeconomic development, it is expectedto grow stably

+ Food consumption Value:Reach USD 6 billion in 2018(YOY +3%)

Source: ITIS

CambodiaSnapshot


新產品新技術

Section 4.

New Products and Technology


新產品新技術 New Products and Technology

QR Code Plastic Cap Hologram Aluminum Closure Soy Sauce Cap Soft Package Cap

Barrelled water Cap PVC Free LUG Cap Oxygen/ Light barrier bottle Customized bottle

Innovation to enhance the value of products


新產品新技術 New Products and Technology

Internet of Things (IoT)

One Code for One Bottle,

THC has acquired LASER facilities, 10-year patents of QR Code Coding for caps and labels in Taiwan and China.

2nd step cooperation with ITRI, technology transfer to set up company, in order to expand QR Code service in different industries

10 Functions

Food Traceability

Protect Your Brand

E-commerce

Managing Products

Ad & Publicity

Promotion

Questionnaire Surveys

Big Data Analysis

Channel Management

ProductionInformation

QR Code Service

Brings New Business

Taiwan Hon Chuan Confidential Proprietary

股票代號 Stock Number：9939.TT

www.honchuan.com.tw

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