China Steel : Preliminary Result July 2021

Date：2021/08/16

July 2021	Unit：NTD Thousands
Item	This Month	Last Month	Accumulated, as of July 2021	Accumulated, the same period of previous year
Consolidated Operating Revenues	41,883,163	38,823,509	255,152,787	175,217,088
Consolidated Operating Income	8,159,802	7,883,475	41,406,955	(3,726,452)
Consolidated Income Before Income Tax	9,084,948	8,306,263	44,286,319	(4,110,730)
Notes: 1.The preliminary consolidated operating revenues in July 2021 totaled NT$ 41,883,163 thousand. Thepreliminary consolidated operating income totaled NT$ 8,159,802 thousand. The preliminary consolidatedincome before income tax totaled NT$ 9,084,948 thousand. 2.Information for the Company's carbon steel sales volume (non-consolidated basis) is as follows: The sales volume of carbon steel in July 2021 totaled 800,114 tons. Accumulated sales volume of carbonsteel as of July 2021 totaled 5,722,112 tons. 3. Monthly performance summary: The increase of consolidated operating income in this month is mainly from the increase in sales volume andASP of steel department and the Company's cost saving efforts. In addition, the non-operating income werehigher in this month because of dividends income from the iron ore investment. The preliminaryconsolidated income before income tax this month increased by NT$ 779 million in total.

Comparison between the number for this month and last month
Item	This Month	Last Month	Difference	Difference in percentage
Consolidated Operating Revenues	41,883,163	38,823,509	3,059,654	8
Consolidated Operating Income	8,159,802	7,883,475	276,327	4
Consolidated Income Before Income Tax	9,084,948	8,306,263	778,685	9

Comparison between the accumulated number as of this month and the same period of previous year
Item	Accumulated, as of July 2021	Accumulated, the same period of previous year	Difference	Difference in percentage
Consolidated Operating Revenues	255,152,787	175,217,088	79,935,699	46
Consolidated Operating Income	41,406,955	(3,726,452)	45,133,407	1,211
Consolidated Income Before Income Tax	44,286,319	(4,110,730)	48,397,049	1,177