1. Topco Technologies (3388 )
DATE：2019/3/12

2. OUTLINES Introducation future perspectives
Operation status & financial performace
Industries analyais &applicatons of Silicone
future perspectives

3. briefs company： Topco Technologies foundation： 1981 IPO date：
2006/2/22
Code：
3388
Capitals：
740 NT millions
Chairman：
Pan, Chen-Cheng
CEO：
Chang, Sheng-Ho
Main business：
Silicone and related materials
No any relationship with Topco scientific Corp.(5434)

4. Locations

5. Products & industry characteristics Market overview
The chemical polymers is based on SiO2.
Superior chemical characteristics:environmental/cold and heat resistance/flame resistance/excellent chemical stability
characteristics
Global main makers：Dow Sil(the former was called Dow Corning)、Momentive(now merged by KCC group)、Shin-Etsu Chemical、Wacker and so on.
Main makers in China :Blue star(Elkem group)、Wynca chemical、hui-tian new material、Dongyue etc
Market overview

6. Main business Total solution: materials +Equipments
Focus on selling of Silicone and other key materials
Total solution: materials +Equipments
The main acting lines：
現有產品線--信越化學、Colcoat、Sika、Konishi、住友、不二化成、Ushio設備等

7. Characteristics of industry
Widespread for all industries
low volitality, almost no affection by bussiness cycles
Lots of clients
Over 10 thousand clients & diversity
Continuous new applicatoins
Always developing new applicatons

8. Financial information of 2018 and 2017
NT（thousands）
2017 %
2018
Growth rate
Sales
7,672,336
100.00%
8,544,667 %
Margin
1,372,415
17.89%
1,644,651
19.25 %
19.84 %
Operating income
496,995
6.48%
645,916
7.56%
29.96 %
Income before tax
476,413
6.21%
653,359
7.64%
37.14%
Income after tax
350,138
4.56%
463,242
5.42%
32.30%
EPS (NT）
5.65
7.41

9. Future perspectives make response to the Sino-US trade conflict
Total solutions for clients services
Developing new markets/clients
make response to the Sino-US trade conflict
Developing new applicatons and high value-added materials

10. Appendix

11. Milestone of Silicone industry
Dr. Frederick Stanley Kipping (Father of silicone, Grignard reaction)
E.G. Rochow started industrial production (GE, direct process, 1940 )
1953/3/31 First silicone production in Japan Shinetsu Chemical (Bought Patent from GE)
Originally developed for military and aerospace
From NASA HOMEPAGE
B-29 bomber in Word War II
1969/7/20 That’s one small step for a man, one giant leap for mankind

12. How is silicone from? Electricity C SiO2 Metallic Silicon Silicone
SiO2 + C → Si + CO2
SiO2 + 2C → Si + 2CO
SiO2
Metallic Silicon
Methanol, HCl,
Hydrolysis, Polymerization
Silicone

13. Production methods of Silicone
recycle