Teco Electric & Machinery Co., Ltd. : 2012/11/14 TECO Announces 3Q12 Results

TECO Electric & Machinery Co., Ltd.

5F, 19-9, San Chong Road, Nan-Kang, Taipei 115, Taiwan

Tel: [phone] | Fax: [phone] | http://www.teco.com.tw

TECO Announces 3Q 2012 Results

Taipei, Taiwan, November 14th 2012 - TECO Electric and Machinery Co., Ltd., a leading manufacturer and service provider of motors, home appliances and information technology, today announced its financial results for the 3Q of
2012.
Parent Company Only Unit: NT$1,000

Period Item	3Q 2012	vs. 3Q 2011 (+/-%)	vs. 2Q 2012 (+/-%)	9M 2012	vs. 9M 2011 (+/-%)
Net Revenue	6,609,940	-6.1%	0.9%	19,421,048	0.1%
Gross Profit, net	1,346,225	12.4%	-1.9%	3,916,296	9.1%
Operating Profit	427,572	49.5%	-14.5%	1,328,953	48.6%
Income Tax Expense	122,451	68.4%	-40.6%	413,616	78.3%
Net Income	970,296	31.6%	40.1%	2,224,096	1.3%
EPS(NT$)	0.53			1.22

Consolidated Basis Unit: NT$1,000

Period Item	3Q 2012	vs. 3Q 2011 (+/-%)	vs. 2Q 2012 (+/-%)	9M 2012	vs. 9M 2011 (+/-%)
Net Revenue	12,003,531	-1.3%	-1.6%	35,762,921	0.9%
Gross Profit, net	2,931,863	9.3%	-4.4%	8,689,098	5.2%
Operating Profit	997,155	25.8%	-8.9%	2,976,254	9.5%
Income Tax Expense	301,442	13.6%	-23.4%	952,334	28.5%
Net Income	970,296	31.6%	40.1%	2,224,096	1.3%
EPS(NT$)	0.53			1.22

Please find the details in the following pages.

1

Parent Company Only

Net revenue for 3Q'12 was NT$6,610 million. Gross profit was NT$1,346 million and operating profit was NT$428 million. Net income came in at NT$970 million. Earnings per share was reported as NT$0.53.
3Q'12 finished with a YoY decrease of 6.1% in net revenue. Gross profit and operating profit increased by 12.4% and 49.5% respectively. Net Income increased by 31.6%.
The increase in non-operating income was mainly due to higher gain on disposal of investments in 3Q'12. The increase in non-operating expenses was because of higher foreign exchange loss. Higher income tax expense in
3Q12 was mainly due to reversal of "valuation allowance" from "investment tax credits" in the same period last year. (See table 1)

Table 1

3Q '12 (In NT$1,000, except EPS) Amount % Net Revenue 6,609,940 100.0% Cost of Goods Sold 5,244,680 79.3% Gross Profit, net (1) 1,346,225 20.4% Operating expenses 918,653 13.9% Operating Profit 427,572 6.5% Non-operating Income 768,738 11.6% Non-operating Expenses 103,563 1.6% Income before Tax 1,092,747 16.5% Income Tax Expense 122,451 1.9% Net Income 970,296 14.7% EPS 0.53	3Q '11 Amount % 7,039,628 100.0% 5,846,844 83.1% 1,197,441 17.0% 911,355 12.9% 286,086 4.1% 617,823 8.8% 94,116 1.3% 809,793 11.5% 72,694 1.0% 737,099 10.5%	YoY %
3Q '12 (In NT$1,000, except EPS) Amount % Net Revenue 6,609,940 100.0% Cost of Goods Sold 5,244,680 79.3% Gross Profit, net (1) 1,346,225 20.4% Operating expenses 918,653 13.9% Operating Profit 427,572 6.5% Non-operating Income 768,738 11.6% Non-operating Expenses 103,563 1.6% Income before Tax 1,092,747 16.5% Income Tax Expense 122,451 1.9% Net Income 970,296 14.7% EPS 0.53	3Q '11 Amount % 7,039,628 100.0% 5,846,844 83.1% 1,197,441 17.0% 911,355 12.9% 286,086 4.1% 617,823 8.8% 94,116 1.3% 809,793 11.5% 72,694 1.0% 737,099 10.5%	-6.1% -10.3%
3Q '12 (In NT$1,000, except EPS) Amount % Net Revenue 6,609,940 100.0% Cost of Goods Sold 5,244,680 79.3% Gross Profit, net (1) 1,346,225 20.4% Operating expenses 918,653 13.9% Operating Profit 427,572 6.5% Non-operating Income 768,738 11.6% Non-operating Expenses 103,563 1.6% Income before Tax 1,092,747 16.5% Income Tax Expense 122,451 1.9% Net Income 970,296 14.7% EPS 0.53	3Q '11 Amount % 7,039,628 100.0% 5,846,844 83.1% 1,197,441 17.0% 911,355 12.9% 286,086 4.1% 617,823 8.8% 94,116 1.3% 809,793 11.5% 72,694 1.0% 737,099 10.5%	12.4% 0.8%
3Q '12 (In NT$1,000, except EPS) Amount % Net Revenue 6,609,940 100.0% Cost of Goods Sold 5,244,680 79.3% Gross Profit, net (1) 1,346,225 20.4% Operating expenses 918,653 13.9% Operating Profit 427,572 6.5% Non-operating Income 768,738 11.6% Non-operating Expenses 103,563 1.6% Income before Tax 1,092,747 16.5% Income Tax Expense 122,451 1.9% Net Income 970,296 14.7% EPS 0.53	3Q '11 Amount % 7,039,628 100.0% 5,846,844 83.1% 1,197,441 17.0% 911,355 12.9% 286,086 4.1% 617,823 8.8% 94,116 1.3% 809,793 11.5% 72,694 1.0% 737,099 10.5%	49.5% 24.4% 10.0%
3Q '12 (In NT$1,000, except EPS) Amount % Net Revenue 6,609,940 100.0% Cost of Goods Sold 5,244,680 79.3% Gross Profit, net (1) 1,346,225 20.4% Operating expenses 918,653 13.9% Operating Profit 427,572 6.5% Non-operating Income 768,738 11.6% Non-operating Expenses 103,563 1.6% Income before Tax 1,092,747 16.5% Income Tax Expense 122,451 1.9% Net Income 970,296 14.7% EPS 0.53	3Q '11 Amount % 7,039,628 100.0% 5,846,844 83.1% 1,197,441 17.0% 911,355 12.9% 286,086 4.1% 617,823 8.8% 94,116 1.3% 809,793 11.5% 72,694 1.0% 737,099 10.5%	34.9% 68.4% 31.6%
3Q '12 (In NT$1,000, except EPS) Amount % Net Revenue 6,609,940 100.0% Cost of Goods Sold 5,244,680 79.3% Gross Profit, net (1) 1,346,225 20.4% Operating expenses 918,653 13.9% Operating Profit 427,572 6.5% Non-operating Income 768,738 11.6% Non-operating Expenses 103,563 1.6% Income before Tax 1,092,747 16.5% Income Tax Expense 122,451 1.9% Net Income 970,296 14.7% EPS 0.53	0.40

Note:

(1) Unrealized / realized inter-company profit included.

2

For the 3rd quarter of 2012, net revenue increased 0.9% over prior quarter. Gross profit decreased by 1.9%. Operating profit decreased by 14.5%. Net income increased by 40.1%.
The increase in non-operating income was mainly due to higher gain on disposal of investments in 3Q'12. The increase in non-operating expenses was because of higher foreign exchange loss. (See table 2)

Table 2

3Q '12 (In NT$1,000, except EPS) Amount % Net Revenue 6,609,940 100.0% Cost of Goods Sold 5,244,680 79.3% Gross Profit, net (1) 1,346,225 20.4% Operating expenses 918,653 13.9% Operating Profit 427,572 6.5% Non-operating Income 768,738 11.6% Non-operating Expenses 103,563 1.6% Income before Tax 1,092,747 16.5% Income Tax Expense 122,451 1.9% Net Income 970,296 14.7% EPS 0.53	2Q '12 Amount % 6,549,938 100.0% 5,171,340 79.0% 1,372,376 21.0% 872,381 13.3% 499,995 7.6% 473,444 7.2% 74,649 1.1% 898,790 13.7% 206,180 3.1% 692,610 10.6%	QoQ %
3Q '12 (In NT$1,000, except EPS) Amount % Net Revenue 6,609,940 100.0% Cost of Goods Sold 5,244,680 79.3% Gross Profit, net (1) 1,346,225 20.4% Operating expenses 918,653 13.9% Operating Profit 427,572 6.5% Non-operating Income 768,738 11.6% Non-operating Expenses 103,563 1.6% Income before Tax 1,092,747 16.5% Income Tax Expense 122,451 1.9% Net Income 970,296 14.7% EPS 0.53	2Q '12 Amount % 6,549,938 100.0% 5,171,340 79.0% 1,372,376 21.0% 872,381 13.3% 499,995 7.6% 473,444 7.2% 74,649 1.1% 898,790 13.7% 206,180 3.1% 692,610 10.6%	0.9% 1.4%
3Q '12 (In NT$1,000, except EPS) Amount % Net Revenue 6,609,940 100.0% Cost of Goods Sold 5,244,680 79.3% Gross Profit, net (1) 1,346,225 20.4% Operating expenses 918,653 13.9% Operating Profit 427,572 6.5% Non-operating Income 768,738 11.6% Non-operating Expenses 103,563 1.6% Income before Tax 1,092,747 16.5% Income Tax Expense 122,451 1.9% Net Income 970,296 14.7% EPS 0.53	2Q '12 Amount % 6,549,938 100.0% 5,171,340 79.0% 1,372,376 21.0% 872,381 13.3% 499,995 7.6% 473,444 7.2% 74,649 1.1% 898,790 13.7% 206,180 3.1% 692,610 10.6%	-1.9% 5.3%
3Q '12 (In NT$1,000, except EPS) Amount % Net Revenue 6,609,940 100.0% Cost of Goods Sold 5,244,680 79.3% Gross Profit, net (1) 1,346,225 20.4% Operating expenses 918,653 13.9% Operating Profit 427,572 6.5% Non-operating Income 768,738 11.6% Non-operating Expenses 103,563 1.6% Income before Tax 1,092,747 16.5% Income Tax Expense 122,451 1.9% Net Income 970,296 14.7% EPS 0.53	2Q '12 Amount % 6,549,938 100.0% 5,171,340 79.0% 1,372,376 21.0% 872,381 13.3% 499,995 7.6% 473,444 7.2% 74,649 1.1% 898,790 13.7% 206,180 3.1% 692,610 10.6%	-14.5% 62.4% 38.7%
3Q '12 (In NT$1,000, except EPS) Amount % Net Revenue 6,609,940 100.0% Cost of Goods Sold 5,244,680 79.3% Gross Profit, net (1) 1,346,225 20.4% Operating expenses 918,653 13.9% Operating Profit 427,572 6.5% Non-operating Income 768,738 11.6% Non-operating Expenses 103,563 1.6% Income before Tax 1,092,747 16.5% Income Tax Expense 122,451 1.9% Net Income 970,296 14.7% EPS 0.53	2Q '12 Amount % 6,549,938 100.0% 5,171,340 79.0% 1,372,376 21.0% 872,381 13.3% 499,995 7.6% 473,444 7.2% 74,649 1.1% 898,790 13.7% 206,180 3.1% 692,610 10.6%	21.6% -40.6% 40.1%
3Q '12 (In NT$1,000, except EPS) Amount % Net Revenue 6,609,940 100.0% Cost of Goods Sold 5,244,680 79.3% Gross Profit, net (1) 1,346,225 20.4% Operating expenses 918,653 13.9% Operating Profit 427,572 6.5% Non-operating Income 768,738 11.6% Non-operating Expenses 103,563 1.6% Income before Tax 1,092,747 16.5% Income Tax Expense 122,451 1.9% Net Income 970,296 14.7% EPS 0.53	0.38

Note:

(1) Unrealized / realized inter-company profit included.

3

Net revenue for 9M'12 was NT$19,421 million. Gross profit was NT$3,916 million and operating profit was NT$1,329 million. Net income came in at NT$2,224 million. Earnings per share was reported as NT$1.22.
9M'12 finished with a YoY increase of 0.1% in net revenue. Gross profit and operating profit increased by 9.1% and 48.6% respectively. Net Income increased by 1.3%.
The decrease in non-operating income was mainly due to less investment income accounted for under the equity method. The increase in non- operating expenses was because of higher foreign exchange loss. Higher income tax expense in 9M12 was mainly due to reversal of "valuation allowance" from "investment tax credits" in the same period last year. (See table 3)

Table 3

Ja n ~ S ep '1 2 Ja n ~ S ep '1 1

Y oY %

(In N T $ 1 ,0 0 0 , ex cep t E P A m ou n t % A m o u n t %

N et R ev en u e	1 9 ,4 2 1 ,0 4 8	1 0 0 .0 %		1 9 ,4 0 4 ,3 0 1	1 0 0 .0 %		0 .1 %
C o st o f G o o d s S o ld	1 5 ,4 3 4 ,4 3 0	7 9 .5 %		1 5 ,8 5 0 ,0 0 4	8 1 .7 %		-2 .6 %
G ro ss Profit, n et (1 )	3 ,9 1 6 ,2 9 6	2 0 .2 %		3 ,5 8 9 ,0 1 6	1 8 .5 %		9 .1 %
O p eratin g ex p en ses	2 ,5 8 7 ,3 4 3	1 3 .3 %		2 ,6 9 4 ,8 7 6	1 3 .9 %		-4 .0 %
O p eratin g P rofit	1 ,3 2 8 ,9 5 3	6 .8 %		8 9 4 ,1 4 0	4 .6 %		4 8 .6 %
N o n -op era tin g In co m e	1 ,6 0 6 ,1 9 7	8 .3 %		1 ,7 8 9 ,0 9 9	9 .2 %		-1 0 .2 %
N o n -op era tin g Ex p en ses	2 9 7 ,4 3 8	1 .5 %		2 5 6 ,7 2 2	1 .3 %		1 5 .9 %
In com e b efo re T a x	2 ,6 3 7 ,7 1 2	1 3 .6 %		2 ,4 2 6 ,5 1 7	1 2 .5 %		8 .7 %
In co m e T a x E xp en se	4 1 3 ,6 1 6	2 .1 %		2 3 2 ,0 4 1	1 .2 %		7 8 .3 %
N et In co m e	2 ,2 2 4 ,0 9 6	1 1 .5 %		2 ,1 9 4 ,4 7 6	1 1 .3 %		1 .3 %

E PS

Note:

1 .2 2 1 .2 1

(1) Unrealized / realized inter-company profit included.

Table 4

S e p 3 0 , 2 0 1 2 J u n e 3 0 , 2 0 1 2 ( In N T $ 1 ,0 0 0 ) C a s h & C a s h E q u i v a l e n t s 2 , 2 3 9 , 9 6 0 2 , 6 9 1 , 0 9 5 R e c e i v a b l e s 5 , 6 2 3 , 7 8 6 5 , 6 6 2 , 2 6 4 In v e n t o r i e s 3 , 5 1 4 , 6 7 1 3 , 5 6 7 , 7 8 6 O t h e r C u r r e n t A s s e t s 1 , 4 0 3 , 4 6 5 1 , 5 5 6 , 2 4 6 T o t a l C u r r e n t A s s e t s 1 2 , 7 8 1 , 8 8 2 1 3 , 4 7 7 , 3 9 1 F u n d s a n d In v e s t m e n t s 3 9 , 7 5 3 , 8 4 1 3 9 , 6 5 7 , 7 2 6 F ix e d & O t h e r A s s e t s 5 , 7 7 8 , 3 9 8 5 , 8 2 0 , 9 7 1 T o t a l A s s e t s 5 8 , 3 1 4 , 1 2 1 5 8 , 9 5 6 , 0 8 8 C u r r e n t L i a b i li t i e s 8 , 6 4 8 , 4 6 0 1 0 , 2 1 6 , 6 0 6 L T D e b t 1 0 , 2 4 2 , 6 5 0 1 0 , 4 4 9 , 1 3 4 O t h e r L i a b i li t ie s 1 , 6 6 2 , 0 4 7 1 , 5 5 3 , 7 2 9 T o t a l L i a b i l it i e s 2 0 , 5 5 3 , 1 5 7 2 2 , 2 1 9 , 4 6 9 T o t a l S h a r e h o l d e r s ' E q u i t y 3 7 , 7 6 0 , 9 6 4 3 6 , 7 3 6 , 6 1 9	S e p 3 0 , 2 0 1 1
S e p 3 0 , 2 0 1 2 J u n e 3 0 , 2 0 1 2 ( In N T $ 1 ,0 0 0 ) C a s h & C a s h E q u i v a l e n t s 2 , 2 3 9 , 9 6 0 2 , 6 9 1 , 0 9 5 R e c e i v a b l e s 5 , 6 2 3 , 7 8 6 5 , 6 6 2 , 2 6 4 In v e n t o r i e s 3 , 5 1 4 , 6 7 1 3 , 5 6 7 , 7 8 6 O t h e r C u r r e n t A s s e t s 1 , 4 0 3 , 4 6 5 1 , 5 5 6 , 2 4 6 T o t a l C u r r e n t A s s e t s 1 2 , 7 8 1 , 8 8 2 1 3 , 4 7 7 , 3 9 1 F u n d s a n d In v e s t m e n t s 3 9 , 7 5 3 , 8 4 1 3 9 , 6 5 7 , 7 2 6 F ix e d & O t h e r A s s e t s 5 , 7 7 8 , 3 9 8 5 , 8 2 0 , 9 7 1 T o t a l A s s e t s 5 8 , 3 1 4 , 1 2 1 5 8 , 9 5 6 , 0 8 8 C u r r e n t L i a b i li t i e s 8 , 6 4 8 , 4 6 0 1 0 , 2 1 6 , 6 0 6 L T D e b t 1 0 , 2 4 2 , 6 5 0 1 0 , 4 4 9 , 1 3 4 O t h e r L i a b i li t ie s 1 , 6 6 2 , 0 4 7 1 , 5 5 3 , 7 2 9 T o t a l L i a b i l it i e s 2 0 , 5 5 3 , 1 5 7 2 2 , 2 1 9 , 4 6 9 T o t a l S h a r e h o l d e r s ' E q u i t y 3 7 , 7 6 0 , 9 6 4 3 6 , 7 3 6 , 6 1 9	2 , 3 3 9 , 9 6 8 6 , 3 0 6 , 1 0 9 3 , 9 3 5 , 8 2 3 2 , 1 3 8 , 0 8 1
S e p 3 0 , 2 0 1 2 J u n e 3 0 , 2 0 1 2 ( In N T $ 1 ,0 0 0 ) C a s h & C a s h E q u i v a l e n t s 2 , 2 3 9 , 9 6 0 2 , 6 9 1 , 0 9 5 R e c e i v a b l e s 5 , 6 2 3 , 7 8 6 5 , 6 6 2 , 2 6 4 In v e n t o r i e s 3 , 5 1 4 , 6 7 1 3 , 5 6 7 , 7 8 6 O t h e r C u r r e n t A s s e t s 1 , 4 0 3 , 4 6 5 1 , 5 5 6 , 2 4 6 T o t a l C u r r e n t A s s e t s 1 2 , 7 8 1 , 8 8 2 1 3 , 4 7 7 , 3 9 1 F u n d s a n d In v e s t m e n t s 3 9 , 7 5 3 , 8 4 1 3 9 , 6 5 7 , 7 2 6 F ix e d & O t h e r A s s e t s 5 , 7 7 8 , 3 9 8 5 , 8 2 0 , 9 7 1 T o t a l A s s e t s 5 8 , 3 1 4 , 1 2 1 5 8 , 9 5 6 , 0 8 8 C u r r e n t L i a b i li t i e s 8 , 6 4 8 , 4 6 0 1 0 , 2 1 6 , 6 0 6 L T D e b t 1 0 , 2 4 2 , 6 5 0 1 0 , 4 4 9 , 1 3 4 O t h e r L i a b i li t ie s 1 , 6 6 2 , 0 4 7 1 , 5 5 3 , 7 2 9 T o t a l L i a b i l it i e s 2 0 , 5 5 3 , 1 5 7 2 2 , 2 1 9 , 4 6 9 T o t a l S h a r e h o l d e r s ' E q u i t y 3 7 , 7 6 0 , 9 6 4 3 6 , 7 3 6 , 6 1 9	1 4 , 7 1 9 , 9 8 1 3 8 , 0 5 4 , 2 0 9 5 , 9 0 5 , 6 0 1
S e p 3 0 , 2 0 1 2 J u n e 3 0 , 2 0 1 2 ( In N T $ 1 ,0 0 0 ) C a s h & C a s h E q u i v a l e n t s 2 , 2 3 9 , 9 6 0 2 , 6 9 1 , 0 9 5 R e c e i v a b l e s 5 , 6 2 3 , 7 8 6 5 , 6 6 2 , 2 6 4 In v e n t o r i e s 3 , 5 1 4 , 6 7 1 3 , 5 6 7 , 7 8 6 O t h e r C u r r e n t A s s e t s 1 , 4 0 3 , 4 6 5 1 , 5 5 6 , 2 4 6 T o t a l C u r r e n t A s s e t s 1 2 , 7 8 1 , 8 8 2 1 3 , 4 7 7 , 3 9 1 F u n d s a n d In v e s t m e n t s 3 9 , 7 5 3 , 8 4 1 3 9 , 6 5 7 , 7 2 6 F ix e d & O t h e r A s s e t s 5 , 7 7 8 , 3 9 8 5 , 8 2 0 , 9 7 1 T o t a l A s s e t s 5 8 , 3 1 4 , 1 2 1 5 8 , 9 5 6 , 0 8 8 C u r r e n t L i a b i li t i e s 8 , 6 4 8 , 4 6 0 1 0 , 2 1 6 , 6 0 6 L T D e b t 1 0 , 2 4 2 , 6 5 0 1 0 , 4 4 9 , 1 3 4 O t h e r L i a b i li t ie s 1 , 6 6 2 , 0 4 7 1 , 5 5 3 , 7 2 9 T o t a l L i a b i l it i e s 2 0 , 5 5 3 , 1 5 7 2 2 , 2 1 9 , 4 6 9 T o t a l S h a r e h o l d e r s ' E q u i t y 3 7 , 7 6 0 , 9 6 4 3 6 , 7 3 6 , 6 1 9	5 8 , 6 7 9 , 7 9 1
S e p 3 0 , 2 0 1 2 J u n e 3 0 , 2 0 1 2 ( In N T $ 1 ,0 0 0 ) C a s h & C a s h E q u i v a l e n t s 2 , 2 3 9 , 9 6 0 2 , 6 9 1 , 0 9 5 R e c e i v a b l e s 5 , 6 2 3 , 7 8 6 5 , 6 6 2 , 2 6 4 In v e n t o r i e s 3 , 5 1 4 , 6 7 1 3 , 5 6 7 , 7 8 6 O t h e r C u r r e n t A s s e t s 1 , 4 0 3 , 4 6 5 1 , 5 5 6 , 2 4 6 T o t a l C u r r e n t A s s e t s 1 2 , 7 8 1 , 8 8 2 1 3 , 4 7 7 , 3 9 1 F u n d s a n d In v e s t m e n t s 3 9 , 7 5 3 , 8 4 1 3 9 , 6 5 7 , 7 2 6 F ix e d & O t h e r A s s e t s 5 , 7 7 8 , 3 9 8 5 , 8 2 0 , 9 7 1 T o t a l A s s e t s 5 8 , 3 1 4 , 1 2 1 5 8 , 9 5 6 , 0 8 8 C u r r e n t L i a b i li t i e s 8 , 6 4 8 , 4 6 0 1 0 , 2 1 6 , 6 0 6 L T D e b t 1 0 , 2 4 2 , 6 5 0 1 0 , 4 4 9 , 1 3 4 O t h e r L i a b i li t ie s 1 , 6 6 2 , 0 4 7 1 , 5 5 3 , 7 2 9 T o t a l L i a b i l it i e s 2 0 , 5 5 3 , 1 5 7 2 2 , 2 1 9 , 4 6 9 T o t a l S h a r e h o l d e r s ' E q u i t y 3 7 , 7 6 0 , 9 6 4 3 6 , 7 3 6 , 6 1 9	9 , 7 2 3 , 6 9 7 1 1 , 7 3 8 , 8 8 9 1 , 5 2 1 , 6 0 5
S e p 3 0 , 2 0 1 2 J u n e 3 0 , 2 0 1 2 ( In N T $ 1 ,0 0 0 ) C a s h & C a s h E q u i v a l e n t s 2 , 2 3 9 , 9 6 0 2 , 6 9 1 , 0 9 5 R e c e i v a b l e s 5 , 6 2 3 , 7 8 6 5 , 6 6 2 , 2 6 4 In v e n t o r i e s 3 , 5 1 4 , 6 7 1 3 , 5 6 7 , 7 8 6 O t h e r C u r r e n t A s s e t s 1 , 4 0 3 , 4 6 5 1 , 5 5 6 , 2 4 6 T o t a l C u r r e n t A s s e t s 1 2 , 7 8 1 , 8 8 2 1 3 , 4 7 7 , 3 9 1 F u n d s a n d In v e s t m e n t s 3 9 , 7 5 3 , 8 4 1 3 9 , 6 5 7 , 7 2 6 F ix e d & O t h e r A s s e t s 5 , 7 7 8 , 3 9 8 5 , 8 2 0 , 9 7 1 T o t a l A s s e t s 5 8 , 3 1 4 , 1 2 1 5 8 , 9 5 6 , 0 8 8 C u r r e n t L i a b i li t i e s 8 , 6 4 8 , 4 6 0 1 0 , 2 1 6 , 6 0 6 L T D e b t 1 0 , 2 4 2 , 6 5 0 1 0 , 4 4 9 , 1 3 4 O t h e r L i a b i li t ie s 1 , 6 6 2 , 0 4 7 1 , 5 5 3 , 7 2 9 T o t a l L i a b i l it i e s 2 0 , 5 5 3 , 1 5 7 2 2 , 2 1 9 , 4 6 9 T o t a l S h a r e h o l d e r s ' E q u i t y 3 7 , 7 6 0 , 9 6 4 3 6 , 7 3 6 , 6 1 9	2 2 , 9 8 4 , 1 9 1
S e p 3 0 , 2 0 1 2 J u n e 3 0 , 2 0 1 2 ( In N T $ 1 ,0 0 0 ) C a s h & C a s h E q u i v a l e n t s 2 , 2 3 9 , 9 6 0 2 , 6 9 1 , 0 9 5 R e c e i v a b l e s 5 , 6 2 3 , 7 8 6 5 , 6 6 2 , 2 6 4 In v e n t o r i e s 3 , 5 1 4 , 6 7 1 3 , 5 6 7 , 7 8 6 O t h e r C u r r e n t A s s e t s 1 , 4 0 3 , 4 6 5 1 , 5 5 6 , 2 4 6 T o t a l C u r r e n t A s s e t s 1 2 , 7 8 1 , 8 8 2 1 3 , 4 7 7 , 3 9 1 F u n d s a n d In v e s t m e n t s 3 9 , 7 5 3 , 8 4 1 3 9 , 6 5 7 , 7 2 6 F ix e d & O t h e r A s s e t s 5 , 7 7 8 , 3 9 8 5 , 8 2 0 , 9 7 1 T o t a l A s s e t s 5 8 , 3 1 4 , 1 2 1 5 8 , 9 5 6 , 0 8 8 C u r r e n t L i a b i li t i e s 8 , 6 4 8 , 4 6 0 1 0 , 2 1 6 , 6 0 6 L T D e b t 1 0 , 2 4 2 , 6 5 0 1 0 , 4 4 9 , 1 3 4 O t h e r L i a b i li t ie s 1 , 6 6 2 , 0 4 7 1 , 5 5 3 , 7 2 9 T o t a l L i a b i l it i e s 2 0 , 5 5 3 , 1 5 7 2 2 , 2 1 9 , 4 6 9 T o t a l S h a r e h o l d e r s ' E q u i t y 3 7 , 7 6 0 , 9 6 4 3 6 , 7 3 6 , 6 1 9	3 5 , 6 9 5 , 6 0 0

4

Consolidated Basis

For the third quarter of 2012, net revenue totaled NT$12,004 million and gross profit was NT$2,932 million. Operating profit came in at NT$997 million and net income was NT$970 million. Earnings per share was reported as NT$0.53.
Recurring net revenue decreased by 1.4% as opposed to 3Q'11. Gross profit and operating profit increased by 9.3% and 25.8% respectively. Net income increased by 31.6%.
The increase in non-operating income was mainly due to higher gain on disposal of investments. Higher income tax expense in 3Q12 was mainly due to reversal of "valuation allowance" from "investment tax credits" in the same period last year. (See table 5)

Table 5

3Q '12 (In NT$1,000, except EPS) Amount % Net Revenue 12,003,531 100.0% Rec urring Net Revenue 11,980,374 99.8% Sec urit ies T rading Inc ome 23,157 0.2% Cost of Goods Sold 9,066,360 75.5% Gross Profit , net (1 ) 2,931,863 24.4% Operat ing expenses 1,934,708 16.1% Operat ing Profit 997,155 8.3% Non- operat ing Inc ome 448,851 3.7% Non- operat ing Expenses 137,278 1.1% Inc ome before T ax 1,308,728 10.9% Inc ome T ax Expense 301,442 2.5% Net Inc ome (2 ) 970,296 8.1% EPS 0.53	3Q '11 Y oY % Amount %
3Q '12 (In NT$1,000, except EPS) Amount % Net Revenue 12,003,531 100.0% Rec urring Net Revenue 11,980,374 99.8% Sec urit ies T rading Inc ome 23,157 0.2% Cost of Goods Sold 9,066,360 75.5% Gross Profit , net (1 ) 2,931,863 24.4% Operat ing expenses 1,934,708 16.1% Operat ing Profit 997,155 8.3% Non- operat ing Inc ome 448,851 3.7% Non- operat ing Expenses 137,278 1.1% Inc ome before T ax 1,308,728 10.9% Inc ome T ax Expense 301,442 2.5% Net Inc ome (2 ) 970,296 8.1% EPS 0.53	12,157,834 100.0% - 1.3% 12,156,641 100.0% - 1.4% 1,193 0.0% 1841.1% 9,474,451 77.9% - 4.3%
3Q '12 (In NT$1,000, except EPS) Amount % Net Revenue 12,003,531 100.0% Rec urring Net Revenue 11,980,374 99.8% Sec urit ies T rading Inc ome 23,157 0.2% Cost of Goods Sold 9,066,360 75.5% Gross Profit , net (1 ) 2,931,863 24.4% Operat ing expenses 1,934,708 16.1% Operat ing Profit 997,155 8.3% Non- operat ing Inc ome 448,851 3.7% Non- operat ing Expenses 137,278 1.1% Inc ome before T ax 1,308,728 10.9% Inc ome T ax Expense 301,442 2.5% Net Inc ome (2 ) 970,296 8.1% EPS 0.53	2,681,687 22.1% 9.3% 1,889,084 15.5% 2.4%
3Q '12 (In NT$1,000, except EPS) Amount % Net Revenue 12,003,531 100.0% Rec urring Net Revenue 11,980,374 99.8% Sec urit ies T rading Inc ome 23,157 0.2% Cost of Goods Sold 9,066,360 75.5% Gross Profit , net (1 ) 2,931,863 24.4% Operat ing expenses 1,934,708 16.1% Operat ing Profit 997,155 8.3% Non- operat ing Inc ome 448,851 3.7% Non- operat ing Expenses 137,278 1.1% Inc ome before T ax 1,308,728 10.9% Inc ome T ax Expense 301,442 2.5% Net Inc ome (2 ) 970,296 8.1% EPS 0.53	792,603 6.5% 25.8% 409,525 3.4% 9.6% 161,266 1.3% - 14.9%
3Q '12 (In NT$1,000, except EPS) Amount % Net Revenue 12,003,531 100.0% Rec urring Net Revenue 11,980,374 99.8% Sec urit ies T rading Inc ome 23,157 0.2% Cost of Goods Sold 9,066,360 75.5% Gross Profit , net (1 ) 2,931,863 24.4% Operat ing expenses 1,934,708 16.1% Operat ing Profit 997,155 8.3% Non- operat ing Inc ome 448,851 3.7% Non- operat ing Expenses 137,278 1.1% Inc ome before T ax 1,308,728 10.9% Inc ome T ax Expense 301,442 2.5% Net Inc ome (2 ) 970,296 8.1% EPS 0.53	1,040,862 8.6% 25.7% 265,425 2.2% 13.6% 737,099 6.1% 31.6%
3Q '12 (In NT$1,000, except EPS) Amount % Net Revenue 12,003,531 100.0% Rec urring Net Revenue 11,980,374 99.8% Sec urit ies T rading Inc ome 23,157 0.2% Cost of Goods Sold 9,066,360 75.5% Gross Profit , net (1 ) 2,931,863 24.4% Operat ing expenses 1,934,708 16.1% Operat ing Profit 997,155 8.3% Non- operat ing Inc ome 448,851 3.7% Non- operat ing Expenses 137,278 1.1% Inc ome before T ax 1,308,728 10.9% Inc ome T ax Expense 301,442 2.5% Net Inc ome (2 ) 970,296 8.1% EPS 0.53	0.40

Note:

(1) Unrealized / realized inter-company profit included. (2) Excluding minority interests.

5

Recurring net revenue for 3Q'12 decreased 1.4% over 2Q'12. Gross profit and operating profit decreased by 4.4% and 8.9% respectively. Net income increased by 40.1%.
The increase in non-operating income was mainly due to higher gain on disposal of investments and recognition of dividend income in 3Q'12. The decrease in non-operating expenses was because of less investment loss accounted for under the equity method. (See table 6)

Table 6

3Q '12 (In NT$1,000, except EPS) Amount % Net Revenue 12,003,531 100.0% Recurring Net Revenue 11,980,374 99.8% Securities Trading Incom 23,157 0.2% Cost of Goods Sold 9,066,360 75.5% Gross Profit, net (1) 2,931,863 24.4% Operating expenses 1,934,708 16.1% Operating Profit 997,155 8.3% Non-operating Income 448,851 3.7% Non-operating Expenses 137,278 1.1% Income before Tax 1,308,728 10.9% Income Tax Expense 301,442 2.5% Net Income (2) 970,296 8.1% EPS 0.53	2Q '12 Amount % 12,193,776 100.0% 12,150,897 99.6% 42,879 0.4% 9,123,599 74.8% 3,067,652 25.2% 1,973,410 16.2% 1,094,242 9.0% 185,095 1.5% 160,728 1.3% 1,118,609 9.2% 393,524 3.2% 692,610 5.7%	QoQ %
3Q '12 (In NT$1,000, except EPS) Amount % Net Revenue 12,003,531 100.0% Recurring Net Revenue 11,980,374 99.8% Securities Trading Incom 23,157 0.2% Cost of Goods Sold 9,066,360 75.5% Gross Profit, net (1) 2,931,863 24.4% Operating expenses 1,934,708 16.1% Operating Profit 997,155 8.3% Non-operating Income 448,851 3.7% Non-operating Expenses 137,278 1.1% Income before Tax 1,308,728 10.9% Income Tax Expense 301,442 2.5% Net Income (2) 970,296 8.1% EPS 0.53	2Q '12 Amount % 12,193,776 100.0% 12,150,897 99.6% 42,879 0.4% 9,123,599 74.8% 3,067,652 25.2% 1,973,410 16.2% 1,094,242 9.0% 185,095 1.5% 160,728 1.3% 1,118,609 9.2% 393,524 3.2% 692,610 5.7%	-1.6% -1.4% -46.0% -0.6%
3Q '12 (In NT$1,000, except EPS) Amount % Net Revenue 12,003,531 100.0% Recurring Net Revenue 11,980,374 99.8% Securities Trading Incom 23,157 0.2% Cost of Goods Sold 9,066,360 75.5% Gross Profit, net (1) 2,931,863 24.4% Operating expenses 1,934,708 16.1% Operating Profit 997,155 8.3% Non-operating Income 448,851 3.7% Non-operating Expenses 137,278 1.1% Income before Tax 1,308,728 10.9% Income Tax Expense 301,442 2.5% Net Income (2) 970,296 8.1% EPS 0.53	2Q '12 Amount % 12,193,776 100.0% 12,150,897 99.6% 42,879 0.4% 9,123,599 74.8% 3,067,652 25.2% 1,973,410 16.2% 1,094,242 9.0% 185,095 1.5% 160,728 1.3% 1,118,609 9.2% 393,524 3.2% 692,610 5.7%	-4.4% -2.0%
3Q '12 (In NT$1,000, except EPS) Amount % Net Revenue 12,003,531 100.0% Recurring Net Revenue 11,980,374 99.8% Securities Trading Incom 23,157 0.2% Cost of Goods Sold 9,066,360 75.5% Gross Profit, net (1) 2,931,863 24.4% Operating expenses 1,934,708 16.1% Operating Profit 997,155 8.3% Non-operating Income 448,851 3.7% Non-operating Expenses 137,278 1.1% Income before Tax 1,308,728 10.9% Income Tax Expense 301,442 2.5% Net Income (2) 970,296 8.1% EPS 0.53	2Q '12 Amount % 12,193,776 100.0% 12,150,897 99.6% 42,879 0.4% 9,123,599 74.8% 3,067,652 25.2% 1,973,410 16.2% 1,094,242 9.0% 185,095 1.5% 160,728 1.3% 1,118,609 9.2% 393,524 3.2% 692,610 5.7%	-8.9% 142.5% -14.6%
3Q '12 (In NT$1,000, except EPS) Amount % Net Revenue 12,003,531 100.0% Recurring Net Revenue 11,980,374 99.8% Securities Trading Incom 23,157 0.2% Cost of Goods Sold 9,066,360 75.5% Gross Profit, net (1) 2,931,863 24.4% Operating expenses 1,934,708 16.1% Operating Profit 997,155 8.3% Non-operating Income 448,851 3.7% Non-operating Expenses 137,278 1.1% Income before Tax 1,308,728 10.9% Income Tax Expense 301,442 2.5% Net Income (2) 970,296 8.1% EPS 0.53	2Q '12 Amount % 12,193,776 100.0% 12,150,897 99.6% 42,879 0.4% 9,123,599 74.8% 3,067,652 25.2% 1,973,410 16.2% 1,094,242 9.0% 185,095 1.5% 160,728 1.3% 1,118,609 9.2% 393,524 3.2% 692,610 5.7%	17.0% -23.4% 40.1%
3Q '12 (In NT$1,000, except EPS) Amount % Net Revenue 12,003,531 100.0% Recurring Net Revenue 11,980,374 99.8% Securities Trading Incom 23,157 0.2% Cost of Goods Sold 9,066,360 75.5% Gross Profit, net (1) 2,931,863 24.4% Operating expenses 1,934,708 16.1% Operating Profit 997,155 8.3% Non-operating Income 448,851 3.7% Non-operating Expenses 137,278 1.1% Income before Tax 1,308,728 10.9% Income Tax Expense 301,442 2.5% Net Income (2) 970,296 8.1% EPS 0.53	0.38

Note:

(1) Unrealized / realized inter-company profit included. (2) Excluding minority interests

6

For the 9M of 2012, net revenue totaled NT$35,763 million and gross profit was NT$8,689 million. Operating profit came in at NT$2,976 million and net income was NT$2,224 million. Earnings per share was reported as NT$1.22.
Recurring net revenue increased by 0.7% as opposed to 9M'11. Gross profit and operating profit increased by 5.2% and 9.5% respectively. Net income increased by 1.3%.
The increase in non-operating expenses was because of higher foreign exchange loss and investment loss accounted for under the equity method. Higher income tax expense in 9M12 was mainly due to reversal of "valuation allowance" from "investment tax credits" in the same period last year. (See table 7)

Table 7

Jan~Sep '12 (In NT$1,000, except EPS) Amount % Net Revenue 35,762,921 100.0% Recurring Net Revenue 35,663,562 99.7% Securities Trading Incom 99,359 0.3% Cost of Goods Sold 27,065,885 75.7% Gross Profit, net (1) 8,689,098 24.3% Operating expenses 5,712,844 16.0% Operating Profit 2,976,254 8.3% Non-operating Income 748,191 2.1% Non-operating Expenses 445,067 1.2% Income before Tax 3,279,378 9.2% Income Tax Expense 952,334 2.7% Net Income (2) 2,224,096 6.2% EPS 1.22	Jan~Sep '11 Amount % 35,442,647 100.0% 35,418,675 99.9% 23,972 0.1% 27,177,691 76.7% 8,260,235 23.3% 5,542,739 15.6% 2,717,496 7.7% 757,208 2.1% 379,917 1.1% 3,094,787 8.7% 740,845 2.1% 2,194,476 6.2%	YoY %
Jan~Sep '12 (In NT$1,000, except EPS) Amount % Net Revenue 35,762,921 100.0% Recurring Net Revenue 35,663,562 99.7% Securities Trading Incom 99,359 0.3% Cost of Goods Sold 27,065,885 75.7% Gross Profit, net (1) 8,689,098 24.3% Operating expenses 5,712,844 16.0% Operating Profit 2,976,254 8.3% Non-operating Income 748,191 2.1% Non-operating Expenses 445,067 1.2% Income before Tax 3,279,378 9.2% Income Tax Expense 952,334 2.7% Net Income (2) 2,224,096 6.2% EPS 1.22	Jan~Sep '11 Amount % 35,442,647 100.0% 35,418,675 99.9% 23,972 0.1% 27,177,691 76.7% 8,260,235 23.3% 5,542,739 15.6% 2,717,496 7.7% 757,208 2.1% 379,917 1.1% 3,094,787 8.7% 740,845 2.1% 2,194,476 6.2%	0.9% 0.7% 314.5% -0.4%
Jan~Sep '12 (In NT$1,000, except EPS) Amount % Net Revenue 35,762,921 100.0% Recurring Net Revenue 35,663,562 99.7% Securities Trading Incom 99,359 0.3% Cost of Goods Sold 27,065,885 75.7% Gross Profit, net (1) 8,689,098 24.3% Operating expenses 5,712,844 16.0% Operating Profit 2,976,254 8.3% Non-operating Income 748,191 2.1% Non-operating Expenses 445,067 1.2% Income before Tax 3,279,378 9.2% Income Tax Expense 952,334 2.7% Net Income (2) 2,224,096 6.2% EPS 1.22	Jan~Sep '11 Amount % 35,442,647 100.0% 35,418,675 99.9% 23,972 0.1% 27,177,691 76.7% 8,260,235 23.3% 5,542,739 15.6% 2,717,496 7.7% 757,208 2.1% 379,917 1.1% 3,094,787 8.7% 740,845 2.1% 2,194,476 6.2%	5.2% 3.1%
Jan~Sep '12 (In NT$1,000, except EPS) Amount % Net Revenue 35,762,921 100.0% Recurring Net Revenue 35,663,562 99.7% Securities Trading Incom 99,359 0.3% Cost of Goods Sold 27,065,885 75.7% Gross Profit, net (1) 8,689,098 24.3% Operating expenses 5,712,844 16.0% Operating Profit 2,976,254 8.3% Non-operating Income 748,191 2.1% Non-operating Expenses 445,067 1.2% Income before Tax 3,279,378 9.2% Income Tax Expense 952,334 2.7% Net Income (2) 2,224,096 6.2% EPS 1.22	Jan~Sep '11 Amount % 35,442,647 100.0% 35,418,675 99.9% 23,972 0.1% 27,177,691 76.7% 8,260,235 23.3% 5,542,739 15.6% 2,717,496 7.7% 757,208 2.1% 379,917 1.1% 3,094,787 8.7% 740,845 2.1% 2,194,476 6.2%	9.5% -1.2% 17.1%
Jan~Sep '12 (In NT$1,000, except EPS) Amount % Net Revenue 35,762,921 100.0% Recurring Net Revenue 35,663,562 99.7% Securities Trading Incom 99,359 0.3% Cost of Goods Sold 27,065,885 75.7% Gross Profit, net (1) 8,689,098 24.3% Operating expenses 5,712,844 16.0% Operating Profit 2,976,254 8.3% Non-operating Income 748,191 2.1% Non-operating Expenses 445,067 1.2% Income before Tax 3,279,378 9.2% Income Tax Expense 952,334 2.7% Net Income (2) 2,224,096 6.2% EPS 1.22	Jan~Sep '11 Amount % 35,442,647 100.0% 35,418,675 99.9% 23,972 0.1% 27,177,691 76.7% 8,260,235 23.3% 5,542,739 15.6% 2,717,496 7.7% 757,208 2.1% 379,917 1.1% 3,094,787 8.7% 740,845 2.1% 2,194,476 6.2%	6.0% 28.5% 1.3%
Jan~Sep '12 (In NT$1,000, except EPS) Amount % Net Revenue 35,762,921 100.0% Recurring Net Revenue 35,663,562 99.7% Securities Trading Incom 99,359 0.3% Cost of Goods Sold 27,065,885 75.7% Gross Profit, net (1) 8,689,098 24.3% Operating expenses 5,712,844 16.0% Operating Profit 2,976,254 8.3% Non-operating Income 748,191 2.1% Non-operating Expenses 445,067 1.2% Income before Tax 3,279,378 9.2% Income Tax Expense 952,334 2.7% Net Income (2) 2,224,096 6.2% EPS 1.22	1.21

Note:

(1) Unrealized / realized inter-company profit included. (2) Excluding minority interests

7

Table 8

Sep 30, 2012 June 30, 2012 (In NT$1,000) Cash & Cash Equivalents 11,259,072 10,891,970 Receivables 9,498,370 9,513,959 Inventories 10,144,861 10,445,071 Other Current Assets 2,930,132 3,027,323 Total Current Assets 33,832,435 33,878,323 Funds and Investments 16,449,181 16,844,149 Fixed & Other Assets 17,979,577 18,168,736 Total Assets 68,261,193 68,891,208 Current Liabilities 15,083,792 16,818,760 LT Debt 10,771,134 10,983,924 Other Liabilities 2,967,299 2,869,463 Total Liabilities 28,822,225 30,672,147 Total Shareholders' Equity( 39,438,968 38,219,061	Sep 30, 2011
Sep 30, 2012 June 30, 2012 (In NT$1,000) Cash & Cash Equivalents 11,259,072 10,891,970 Receivables 9,498,370 9,513,959 Inventories 10,144,861 10,445,071 Other Current Assets 2,930,132 3,027,323 Total Current Assets 33,832,435 33,878,323 Funds and Investments 16,449,181 16,844,149 Fixed & Other Assets 17,979,577 18,168,736 Total Assets 68,261,193 68,891,208 Current Liabilities 15,083,792 16,818,760 LT Debt 10,771,134 10,983,924 Other Liabilities 2,967,299 2,869,463 Total Liabilities 28,822,225 30,672,147 Total Shareholders' Equity( 39,438,968 38,219,061	10,613,309 9,705,338 11,480,930 3,823,329
Sep 30, 2012 June 30, 2012 (In NT$1,000) Cash & Cash Equivalents 11,259,072 10,891,970 Receivables 9,498,370 9,513,959 Inventories 10,144,861 10,445,071 Other Current Assets 2,930,132 3,027,323 Total Current Assets 33,832,435 33,878,323 Funds and Investments 16,449,181 16,844,149 Fixed & Other Assets 17,979,577 18,168,736 Total Assets 68,261,193 68,891,208 Current Liabilities 15,083,792 16,818,760 LT Debt 10,771,134 10,983,924 Other Liabilities 2,967,299 2,869,463 Total Liabilities 28,822,225 30,672,147 Total Shareholders' Equity( 39,438,968 38,219,061	35,622,906 15,962,967 18,552,200
Sep 30, 2012 June 30, 2012 (In NT$1,000) Cash & Cash Equivalents 11,259,072 10,891,970 Receivables 9,498,370 9,513,959 Inventories 10,144,861 10,445,071 Other Current Assets 2,930,132 3,027,323 Total Current Assets 33,832,435 33,878,323 Funds and Investments 16,449,181 16,844,149 Fixed & Other Assets 17,979,577 18,168,736 Total Assets 68,261,193 68,891,208 Current Liabilities 15,083,792 16,818,760 LT Debt 10,771,134 10,983,924 Other Liabilities 2,967,299 2,869,463 Total Liabilities 28,822,225 30,672,147 Total Shareholders' Equity( 39,438,968 38,219,061	70,138,073
Sep 30, 2012 June 30, 2012 (In NT$1,000) Cash & Cash Equivalents 11,259,072 10,891,970 Receivables 9,498,370 9,513,959 Inventories 10,144,861 10,445,071 Other Current Assets 2,930,132 3,027,323 Total Current Assets 33,832,435 33,878,323 Funds and Investments 16,449,181 16,844,149 Fixed & Other Assets 17,979,577 18,168,736 Total Assets 68,261,193 68,891,208 Current Liabilities 15,083,792 16,818,760 LT Debt 10,771,134 10,983,924 Other Liabilities 2,967,299 2,869,463 Total Liabilities 28,822,225 30,672,147 Total Shareholders' Equity( 39,438,968 38,219,061	17,742,380 12,343,565 2,729,861
Sep 30, 2012 June 30, 2012 (In NT$1,000) Cash & Cash Equivalents 11,259,072 10,891,970 Receivables 9,498,370 9,513,959 Inventories 10,144,861 10,445,071 Other Current Assets 2,930,132 3,027,323 Total Current Assets 33,832,435 33,878,323 Funds and Investments 16,449,181 16,844,149 Fixed & Other Assets 17,979,577 18,168,736 Total Assets 68,261,193 68,891,208 Current Liabilities 15,083,792 16,818,760 LT Debt 10,771,134 10,983,924 Other Liabilities 2,967,299 2,869,463 Total Liabilities 28,822,225 30,672,147 Total Shareholders' Equity( 39,438,968 38,219,061	32,815,806
Sep 30, 2012 June 30, 2012 (In NT$1,000) Cash & Cash Equivalents 11,259,072 10,891,970 Receivables 9,498,370 9,513,959 Inventories 10,144,861 10,445,071 Other Current Assets 2,930,132 3,027,323 Total Current Assets 33,832,435 33,878,323 Funds and Investments 16,449,181 16,844,149 Fixed & Other Assets 17,979,577 18,168,736 Total Assets 68,261,193 68,891,208 Current Liabilities 15,083,792 16,818,760 LT Debt 10,771,134 10,983,924 Other Liabilities 2,967,299 2,869,463 Total Liabilities 28,822,225 30,672,147 Total Shareholders' Equity( 39,438,968 38,219,061	37,322,267

About TECO Electric & Machinery Co., Ltd.

TECO Electric & Machinery Co., Ltd. (TSE 1504) was founded in 1956 and has since been well known as one of world's leading motor-manufacturers. For 50 years and running, TECO has now engaged in various business sectors ranging from Industrial Products, Home Appliances, Mechanical and Electrical Construction, Key Components Manufacturing and Information Technology. Teco's consolidated revenue was NT$46.8 Billion for the 2011 fiscal year. More information is available at http://www.teco.com.tw

Investor Relations Contact PR Contact

Andy Chien Amy Chen

IR Manager PR Manager

Phone : [phone] Ext. 3542 Phone : [phone] Ext. 3579

Fax : [phone] Fax : [phone]

Email : [e-mail] : [e-mail]

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