China Steel : Preliminary Result February 2020

February 2020	Unit：NTD Thousands
Item	This Month	Last Month	Accumulated, as of February 2020	Accumulated, the same period of previous year
Consolidated Operating Revenues	26,060,991	24,103,044	50,164,035	63,290,253
Consolidated Operating Income	(592,044)	(1,088,557)	(1,680,601)	3,828,283
Consolidated Income Before Income Tax	(794,394)	(1,262,668)	(2,057,062)	3,452,249
Notes: 1.The preliminary consolidated operating revenues in February 2020 totaled NT$ 26,060,991 thousand. The preliminary consolidated operating loss totaled NT$ 592,044 thousand. The preliminary consolidated loss before income tax totaled NT$ 794,394 thousand. 2.Information for the Company's carbon steel sales volume (non-consolidated basis) is as follows: The sales volume of carbon steel in February 2020 totaled 952,499 tones, with 69% of domestic sales. Accumulated sales volume of carbon steel as of February 2020 totaled 1,764,487 tones, with 69% 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	26,060,991	24,103,044	1,957,947	8
Consolidated Operating Income	(592,044)	(1,088,557)	496,513	46
Consolidated Income Before Income Tax	(794,394)	(1,262,668)	468,274	37

Comparison between the accumulated number as of this month and the same period of previous year
Item	Accumulated, as of February 2020	Accumulated, the same period of previous year	Difference	Difference in percentage
Consolidated Operating Revenues	50,164,035	63,290,253	(13,126,218)	(21)
Consolidated Operating Income	(1,680,601)	3,828,283	(5,508,884)	(144)
Consolidated Income Before Income Tax	(2,057,062)	3,452,249	(5,509,311)	(160)