China Steel : Preliminary Result January 2020

January 2020	Unit：NTD Thousands
Item	This Month	Last Month	Accumulated, as of January 2020	Accumulated, the same period of previous year
Consolidated Operating Revenues	24,103,044	29,103,956	24,103,044	36,077,811
Consolidated Operating Income	(1,088,557)	(1,179,702)	(1,088,557)	2,358,837
Consolidated Income Before Income Tax	(1,262,668)	(1,022,308)	(1,262,668)	2,162,460
Notes: 1.The preliminary consolidated operating revenues in January 2020 totaled NT$ 24,103,044 thousand. The preliminary consolidated operating loss totaled NT$ 1,088,557 thousand. The preliminary consolidated loss before income tax totaled NT$ 1,262,668 thousand. 2.Information for the Company's carbon steel sales volume (non-consolidated basis) is as follows: The sales volume of carbon steel in January 2020 totaled 811,988 tones, with 68% of domestic sales. Accumulated sales volume of carbon steel as of January 2020 totaled 811,988 tones, with 68% of domestic sales.

Comparison between the number for this month and last month
Item	This Month	Last Month	Difference	Difference in percentage
Consolidated Operating Revenues	24,103,044	29,103,956	(5,000,912)	(17)
Consolidated Operating Income	(1,088,557)	(1,179,702)	91,145	8
Consolidated Income Before Income Tax	(1,262,668)	(1,022,308)	(240,360)	(24)

Comparison between the accumulated number as of this month and the same period of previous year
Item	Accumulated, as of January 2020	Accumulated, the same period of previous year	Difference	Difference in percentage
Consolidated Operating Revenues	24,103,044	36,077,811	(11,974,767)	(33)
Consolidated Operating Income	(1,088,557)	2,358,837	(3,447,394)	(146)
Consolidated Income Before Income Tax	(1,262,668)	2,162,460	(3,425,128)	(158)