Concraft: Announcement of Unaudited Consolidated Financial Information for December 2021

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Provided by: CONCRAFT HOLDING CO., LTD

SEQ_NO

1

announcement date

2022/01/19

Announcement time

14:28:42

Topic

 Announcement of the unaudited consolidated
financial information for December 2021

Date of events

2022/01/19

What item it responds to

paragraph 51

Declaration

1.Date of occurrence of the event:2022/01/19
2.Cause of occurrence:According to the request by TWSE, the Company
announces the unaudited financial information.
3.Financial information date:December 2021
4.Cash and cash equivalents(Unit:NT��000):95,919
5.Financial assets at fair value through profit or loss�Vcurrent
  (Unit:NT��000):0
6.Financial assets at fair value through other comprehensive
income�Vcurrent (Unit:NT��000):0
7.Non-current assets that are TWSE or GTSM listed securities (including
  unrealized valuation amount) (Unit:NT��000):0
8.Short-term debt (Unit:NT��000):804,217
9.Short-term notes payable (Unit:NT��000):0
10.Long-term liabilities due within 1 year (Unit:NT��000):799,302
11.Other accounting accounts (Unit:NT��000):
Restricted deposits�Vcurrent 48,310
12.Countermeasures:
Regarding the third quarter of the company in response to the increase
in the risk of default in this quarter, in accordance with International
Financial Reporting Standards No. 9 requirements, the expected credit loss
of 2.63 billion dollars must be provided for this quarter. The explanation
is as follows:
I.The reasons for the above losses are due to the gap between the company
and the sales customers in the perception of product quality or attribution
of responsibility.In addition to continuous communication and negotiation
with customers, the company still believes that all sales have been
collected.The right of payment does not affect the recognition of previous
periods of revenue. The company will strengthen communication with
customers for future sales activities, and reasonably recognize future
operating income based on the results of the communication between the
two parties.
II.Although there is a gap in understanding between the company and sales
customers,the company is currently in continuous negotiation with customers
and will take allpossible measures to strive for the best interests of the
company's shareholders in the future.
III.In view of the third quarter financial situation, the following measures
will be taken to improve future operations and financial situation:
   (1)Improve operating conditions
      (a)Due to the characteristics of the industry, the Group has a
         long collection period. The Group intends to negotiate with sales
         customers to change the terms of collection, and actively
         negotiate with sales customers on the collection of accounts
         receivable to enrich working capital.
      (b)The Group is also actively negotiating with sales customers on
         the business conditions of molds and automation equipment for
         the development of products,from the apportionment system to
         sales customers borne and pre-collected related payments to
         reduce development costs.
      (c)The Group expects to negotiate with sales customers to increase
         product prices to reflect the increase in production and
         purchase costs.
   (2)  Financial health plan
      (a)The company has already obtained a financial commitment letter
         for working capital from major shareholders to support the company.
      (b)Look for strategic investors to introduce investment funds.
      (c)Actively negotiate low-interest loans with financial institutions.
13.Any other matters that need to be specified:None

Warning

Concraft Holding Co.Ltd. published this content on January 19, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on January 19, 2022 06:41:06 UTC.

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Sales 2020 4,305 million
156 million
156 million
Net income 2020 -145M
-5.26M
-5.26M
Net debt 2020 2,793 million
101M
101M
2020 PER ratio -93.0x
2020 performance 0.12%
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162 million
162 million
EV / Sales 2019 5.08x
EV / Sales 2020 3.80x
# of employees
Floating 53.8%

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