ch =ch-c-o-ch o cho ch - asiannet · agreement with ashland, for unsaturated polyester resin....
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CH2=CH-C-O-CH2=
OCH2=CH-C-O-CH2-C-CH2CH3=
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CH2-O-C-CH=CH2=OHO-CH2-C-CH2-O-C-CH=CH2=
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CH2-O-C-CH=CH2=
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Copyright © 2015 QPC. All rights reserved.
Last update: 201509
Stock Symbol:4722
Company Overview -A glance at QPC, Company History, Certification and Regulation Compliance
Product MixUPR, Coating Resins, UV Curable Materials, Production Capability
Marketing -Global Business, Sales Ratio of Products,
Operating PerformanceSales Revenue, Gross Margin with Operating Income, EPS and Dividends
Perspective
Copyright © 2015 QPC. All rights reserved.
Agenda
Plant Sites:Qualipoly Chemical Corp. (Taiwan)
Qualipoly Technology Corp. (China)
Main Products: Synthetic Resins- UV Curable Materials, UPR, Coating Resins
A glance at QPC
Capital:
880,000,000 (TWD)
Sales Revenue (2014):
Taiwan: 4.3 Billion;
China: 0.8 Billion
Employees: About 400
Ranked no.528 over the Manufacture Industry
companies, 2014
Copyright © 2015 QPC. All rights reserved.
Excellent Import/Export Company, Officially Certificated, 2014
Company Overview
Agreement with Ashland, for unsaturated polyester resin.
Agreement with AB Syntes (Sweden) for low styrene emission
polyester resint
Qualipoly Chemical Corp. was founded.
1983
Agreement with Soab AB for alkyd resin and amino resin.
Licensing agreement with Ashland for foundry resin.1992
2003 Licensing agreement with Ashland for Aropol Isophthalic
resin.
1987
Licensing agreement with Ashland for putty resin.1999
2011 Completed Production Expansion Project for UV
curable materials.
Qualipoly Technology Corp. was founded in China.2002
1978
Commercialized UV curable materials.2005
2012 Listed in TWSE market
Listed in GreTai market.2001
Company History
Copyright © 2015 QPC. All rights reserved.
2014 Commercialized Special Acrylic Polymer for
electronic application and Adhesive for Solar
panels.
Company Overview
ISO 14001:2004
NO: TWN6005335OHSAS 18001:2007
NO: TWN6005338
ISO 9001:2008
NO: TWN0944620
ISO 14001:2004
ISO 9001:2008
OHSAS 18001:2007
Certificates of approval from Korean Register of shipping for lamination resin.
Certificates of approval from Lloyd’s Register of shipping for lamination resin.
Certificates of approval from Nippon Kaiji kyokai for laminating resin.
Certification / Regulation Compliacne
Certifications
Compliance
EU: Complied with REACH
US: Complied with TSCA
China: Complied with China REACH
Copyright © 2015 QPC. All rights reserved.
Company Overview
UV curable
materials
Unsaturated
Polyester Resins
Coating
Resins
Main Produts
Monomer
Oligomers
Others
Casting
Fiber Glass Reinforced
Plastics
SMC/BMC
Alkyd Resin
Acrylic Resin
Amino Resin
Copyright © 2015 QPC. All rights reserved.
Product Mix
Main ProductsUV Curable Materials
Efficiency
Production
Environmental-
Friendly
Copyright © 2015 QPC. All rights reserved.
Energy Saving
Product Mix
Mono-functionalTDA, LMA, IDMA, ITDMA..etc
Di-functionalTPGDA, HDDA, DPGDA…etc
Multi-functionalTMPTMA, PETIA, DPHA…etc
Specialties• EO、PO series,
• Benzene Free Monomers
Epoxy Acrylates
Full Acrylates
Aliphatic Urethane Acrylates
Aromatic Urethane Acrylates
Polyester Acrylates
Amine Modified Polyether
Acrylates
Additives
Photo-Initiator
Copyright © 2015 QPC. All rights reserved.
Main ProductsUV Curable Materials
Product Mix
Copyright © 2015 QPC. All rights reserved.
Wood Coating Paper Varnish
Main ProductsUV Curable Materials
Product Mix
Copyright © 2015 QPC. All rights reserved.
InksPlating
Metal Coating
Metal Coating
Main ProductsUV Curable Materials
Product Mix
Optical Application
Plastic Inks
UV Adhesive
Solder Resist Ink
Electronic Application
Copyright © 2015 QPC. All rights reserved.
Main ProductsUV Curable Materials
Product Mix
Casting:Artificial Marbel, Jade, Button and etc.
Copyright © 2015 QPC. All rights reserved.
Main ProductsUnsaturated Polyester Resin
BMC/SMCBMC─ Lampshade, Electronic Devices/Pars, and etc.
SMC─ Bathtub, Seats, Vehicle Parts, Plates for Heat resistance and etc.
Fiber Glass Reinforced PlasticsFor weather-resistance:Bathroom, Tanks, Water Tower, Yacht, Boats,
Status, Hamlet, Vehicles and etc.
For chemical-resistance:Pipes, Tanks and etc
Product Mix
Fiber Glass Reinforced PlasticsFor weather-resistance:Bathroom, Tanks, Water Tower, Yacht, Boats,
Status, Hamlet, Vehicles and etc.
For chemical-resistance:Pipes, Tanks and etc
Copyright © 2015 QPC. All rights reserved.
Main ProductsUnsaturated Polyester Resin
Casting:Artificial Marbel, Jade, Button and etc.
BMC/SMCBMC─ Lampshade, Electronic Devices/Pars, and etc.
SMC─ Bathtub, Seats, Vehicle Parts, Plates for Heat resistance and etc.
Product Mix
BMC/SMCBMC─ Lampshade, Electronic Devices/Pars, and etc.
SMC─ Bathtub, Seats, Vehicle Parts, Plates for Heat resistance and etc.
Copyright © 2015 QPC. All rights reserved.
Main ProductsUnsaturated Polyester Resin
Casting:Artificial Marbel, Jade, Button and etc.
Fiber Glass Reinforced PlasticsFor weather-resistance:Bathroom, Tanks, Water Tower, Yacht, Boats,
Status, Hamlet, Vehicles and etc.
For chemical-resistance:Pipes, Tanks and etc
Product Mix
Coating Resins
Anti-drying paints,
NC lacquer,
Baking paints.
Alkyd Resin
Copyright © 2015 QPC. All rights reserved.
Main ProductsCoating Resins
Product Mix
Coating Resins
Can coating, Baking paints.
Amino Resin
Copyright © 2015 QPC. All rights reserved.
Main ProductsCoating Resins
Product Mix
Coating Resins
Thermoset, Thermoplastic,
2K system.
Acrylic Resin
Copyright © 2015 QPC. All rights reserved.
Main ProductsCoating Resins
Product Mix
Foundry Resin Emulsion
Varnish PU Resins
Copyright © 2015 QPC. All rights reserved.
Specialty
Other Products
Product Mix
5,000 MT
Other Products
Production Capability
Copyright © 2015 QPC. All rights reserved.
30,000 MT
UV Curable Materials
Monomers: 20,000
Oligomers: 10,000
Total
30,000 MT
Unsaturated Polyester Resins
10,000 MT
Coating Resins
Taiwan Factory
Product Mix
UPR
Amino Resin
Alkyd Resin
Main Products
Acrylic Resin
Production Capability:20,000 ton/year
Production Capability
Copyright © 2015 QPC. All rights reserved.
China Factory
Product Mix
Marketing Over 40 countries
Copyright © 2015 QPC. All rights reserved.
25%
75%
Domestic Sales
Export
Global Business
Marketing
H1
Sales Ratio of Products
2013 2014
Others Coating UPR UV Curable Materials
32%
41%21%
6%
19%
6%
43%
32%
47%1,059,241
651,874
2015
29%
418,114 18%
143,783 6%
Sales of Products, 2015
Copyright © 2015 QPC. All rights reserved.
Thousands, in TWD
Marketing
Million, in TWD
0
1,000
2,000
3,000
4,000
5,000
6,000
2007 2010 2014
4,8584,856
4,118
4,996
2011 2012 2013
Copyright © 2015 QPC. All rights reserved.
3,296
2008 2009
3,521
3,516
2,429
Sales Revenue
Operating Performance
Hundred Millions
in TWD
Gross Margin with Operating Income (Y)
2010 2011 2012 2013 2014 2015H1
Operating Income 0.87 1.16 1.64 1.52 2.00 1.99
Gross Margin 10.31% 9.93% 11.45% 11.42% 11.20% 17.54%
6%
8%
10%
12%
14%
16%
18%
20%
0.00
0.50
1.00
1.50
2.00
2.50
Copyright © 2015 QPC. All rights reserved.
Operating Performance
Gross Margin with Operating Income (Q)
2014Q1 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2
Operating Income 0.21 0.5 0.56 0.73 1.01 0.97
Gross Margin 10.52% 11.77% 11.79% 13.66% 18.38% 16.75%
6%
8%
10%
12%
14%
16%
18%
20%
0
0.2
0.4
0.6
0.8
1
1.2
Copyright © 2015 QPC. All rights reserved.
Hundred Millions
in TWD
Operating Performance
Copyright © 2015 QPC. All rights reserved.
EPS and Dividends
2010 2011 2012 2013 2014
EPS 1.25 1.46 2.5 1.63 2.03
Dividends 0.79 1 1.5 1.2 1.5
0
0.5
1
1.5
2
2.5
3
Operating Performance
Short Term Development Mid/Long-Term Development
• Joint Venture, Acquisition
Low VOC, Fire-retardant products, New applications
Development of Emulsion
• Technical-Corporation
Corporation with same and different industries/enterprises.
Corporation with Schools. Institutes and attending government project.
Marketing Expansion
Technology Acquiring
Copyright © 2015 QPC. All rights reserved.
• Environmental, High-Value Added Products Development
• Production Expansion, Products Diversification
Perspective
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