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I O N A S S O C I A T S E C U R I T I E S 中華民國一百年一月出版 100 T A I W A N 2011 2011 2011 PAIN-

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100 CONTENTS II 03 11 2011 2011 2011 22 27 33 40 45 PAIN- 50 54 58 59 62 66 67 70 75

(2010) ECFA 8,188 8,9729.57%1501434.67% ()()22.9425.7912.42%84 349.941.02() 2011 2008 2011 1. 2. 201052012 3. (IFRS)20132012 4. 201012 2011 2010 5% () Ⅱ

20090.35% 2010121.08% 15% 20091221,561 20101230,500 ()12 15,000 10 ()()1,500() 8()1,5003,000()7() 3,0006() 2011 2010(MOU)(ECFA) ECFA Ⅲ

2011 ETFQDII QDII ECFA 2011 (EPS) () 2006 2007 2008 2009 2010 1.13 1.62-0.20 1.18 1.02 1.09 1.57-0.28 1.14 0.97 1.90 2.81 1.55 2.05 2.21 1.01 1.44-0.42 1.12 0.94 1.03 1.45-0.43 1.13 0.94 0.64 1.12-0.08 0.93 0.74 3.36 5.00 3.49 1.99 2.34 2.72 4.27 2.88 1.25 1.53 5.02 7.41 5.93 5.66 6.37 Ⅳ

2011 2011 2008 (G8) (G20) (ECFAMOU) 2010-2011 2011 2011 2011 20089201012 IT

2 2011TAIWAN SECURITIES ASSOCIATION

1002011 3 2011 (2011) (Global Insight, GI)2011 2.3% 4.5% GI2010 4.0%20113.3% % 2009 2010 2011 2009 2010 2011-1.8 4.0 3.3-1.8 3.7 3.3-4.7 3.5 2.3-4.7 3.2 2.0-2.5 2.9 2.3-2.5 2.9 2.3-5.3 3.5 0.7-5.2 2.7 0.9-2.6 2.7 2.3-2.6 2.6 2.2-5.0 1.8 1.7-4.9 1.7 1.6-2.5 1.6 1.4-2.5 1.5 1.4-5.1 1.0 0.8-5.1 1.0 0.8-1.3 14.5 4.2-1.3 14.9 4.2 9.1 10.1 8.8 9.1 10.2 8.6-1.9 8.9 4.5-1.9 8.4 4.5 6.8 8.3 8.1 6.8 8.2 8.0-2.3 8.1 3.5-2.3 7.8 5.0-1.7 6.9 4.2-1.7 6.9 4.3 1.1 6.7 4.3 0.9 6.7 4.3 0.2 6.1 3.3 0.2 6.4 3.5 4.5 6.0 5.8 4.5 5.9 5.6-2.8 6.6 4.7-2.8 5.4 4.8 Global Insight, World Overview, 20101115 20101015

2011TAIWAN SECURITIES ASSOCIATION 4 200710 2009-4.1120093 (FED)(QE1) 2009 FEDQE1 QE1200942010 119.410 10.1 (Federal Reserve Act)FED GDP() 4 3 2 1 0-1 -2-3 -4-5 Jun-05 Oct-05 Feb-06 Jun-06 Oct-06 Jun-07 Oct-07 Feb-07 Jun-08 Oct-08 Feb-08 Jun-09 Oct-09 Feb-09 Jun-10 Feb-10 QE1 () 12 10 8 6 4 2 0 Jun-05 Oct-05 Feb-06 Jun-06 Oct-06 Jun-07 Oct-07 Feb-07 Jun-08 Oct-08 Feb-08 Jun-09 Oct-09 Oct-10 Feb-09 Jun-10 Feb-10 QE1

1002011 5 1 FED(QE2) () 201011 1. 6,000 2. QE2 3. QE2 () 2011 20113,000 1 2012 6.9 9.8? 2009(APEC) 10 5,000 2002 () 1973-1995-0.5082 () 1996-2010-0.8048 15 15 (QE2) QE2 1 Federal Reserve ActPollard, Patricia S. (2003), A Look Inside Two Central Banks: The European Central Bank and the Federal Reserve, Federal Reserve Bank of ST. Louis Review, Volume 85, Number 1, January/ February 2003.

6 2011TAIWAN SECURITIES ASSOCIATION CA() Exports of goods and services and income receipts (CA) Nominal, Narrow Indices (NNUS) 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 0 1964 1970 1976 1982 1988 1994 2000 2006 NNUS 160 140 120 100 80 60 40 20 0 QE2 () () GDP1.8 () 2010121 () () 2006 2008 700 50% 2010 GDP323 10 () 201051,100 11850 150 ()

1002011 7 /GDP /GDP 2014 (60) /GDP 130 94 64 80 93 79 89 118 129 91 /GDP90GDP1 (The Economist) (IMF) () 201011 20153.8 1,000 () 6.5 20207,560 () () GDP10.4 () 300 700 201011(CPI) 5.1CPI 32.79 13.2 CPI CPI 20101210 0.5%2010 18.525 1120 2010 1226 0.25%2.75% GDP

8 2011TAIWAN SECURITIES ASSOCIATION 2 20112 (ECA )2011 3.520102.8 2011 () 2010910 () 1. 20109.98% 1.98% 2. 20112010 3.51%20114.51% 3. 2011( 2.21%)(2.45%) () 1. 2010 570 2. 3. 20103,863 2010 % (10) 14,098 11,995 2,103 10,444 8,341 9.98 9.36 13.67 24.35 27.37 100.0 85.1 14.9 74.1 59.2 9.98 8.01 1.97 15.96-13.98 20101118 2 2010101

1002011 9 2010 % (10) 11,995 7,664 1,585 427 217 1,994 9.36 3.43 0.88-1.18 9.08 31.91 85.1 54.4 11.2 3.0 1.5 14.1 8.01 1.98 0.11-0.04 0.14 3.76 20101118 2010 28.61%31.98% 23.68%23% 42.29%39.22% 34.28% 20107,127.20 6,265.53(2008 ) 201011 47 79.7 201011 104.1 46.9 2010 5,2002,7002,500 2010 2,746.4 34.82,514.0 44.2232.5 60.620.7 3 2010 13.59%12.86%9.80% 20109.64% 19902009-1.93% 82%(7.92%/9.64%) 3 -- 2011 20101216

2011TAIWAN SECURITIES ASSOCIATION 10 3.36%22.87% 31.55%45 2010 24.71%28.33% (20108.3% Global Insight 201011) (6.9%)(6.7%)(6.6%) (6.1%)(10.1%) 20114.55% 2011 3.39%4.22%4.68% 5.80% 2 2.21% 1.05%2.45% 20116.26% 2.51% 20112010 2010CPI1.00% 2009-0.87%2011CPI 1.36% 201031.6612009 33.064.23%201130.43 3.89% 20105.26%(2010 4.97%)2011 4.83% 2010 ( )

1002011 11 2011 G8G20 510 3 1 (ECFAMOU) 2010 2 QDII 3 8,0001QDII QFII 4 ECFA 5 2011ECFA 2011 (World Federation of ExchangesWFE)2010 5420012 20012010 () 1 The Rise of Asia s Middle Class, Asian Development Bank, 2010. 2 IMF2010(15.0%)(9.3%)(6.1%)(6.0%)112010 9.98% 3 (Qualified Domestic Institutional Investor, QDII) 4 (Qualified Foreign Institutional Investor, QFII) 5 ECFA: 1.(QFII) 2.(QDII)3.

12 2011TAIWAN SECURITIES ASSOCIATION 201011 6 ( 21)(18) (14) 2001 2005 201011 11.94 19.46 21.24 6.41 12.21 13.98 4.46 9.31 18.29 WFE Total 22.81 40.98 53.51 (WFE) 2001 52.33% 39.70% 2% 19.57%34.18% () WFE2010 11 7 3,635 42.83%(33.91%) (23.26%) 2.5 IPO 8 60.00% 52.33 47.49 50.00% 39.70 40.00% 34.18 28.10 29.79 30.00% 26.12 22.72 19.57 20.00% 10.00% 0.00% 2001 2005 201011 月 (%) : WFE 6 (WFE):AmericasEurope-AfricaAsia-Pacific 7 WFE(IPO+SPO) 8 (221)(150);(44);(35);(45) (40)

1002011 13 % 2001 2005 201011 39.12 41.77 33.91 43.60 34.38 23.26 17.28 23.85 42.83 WFE Total 100.00 100.00 100.00 WFE () 195%144%167% 75%100% % 2001 2005 201011 195 134 144 167 143 75 93 95 94 WFE 2002 9 2010 46.63% 19.37%2% 2-3%4% 2-3 ( ) 40.37%1 % 2002 2005 201011 46.63 45.65 19.37 9.06 8.44 7.16 5.47 10.67 16.64 4.90 7.17 5.42 2.29 2.57 3.34 6.91 2.86 14.66 3.53 1.15 7.02 10.44 10.53 14.74 5.89 4.75 3.95 26.77 19.29 40.37 95.12 93.79 92.30 WFE 200015 WFE 9 2002WFE

14 2011TAIWAN SECURITIES ASSOCIATION 20089201012 2010 41) 2009 8602010 1,20040% (IPO)535 ( TDR 10 ) IPO (SPO)2010 905(TDR) 2009 6(13) 2,705 14(23) 1,225 16(17) 868 17(18) 835 19(19) 799 20(20) 736 21(15) 658 22(17) 481 2009 1(1) 4,955 15(15) 870 16(19) 830 19(17) 773 20(16) 755 1. 2002 2. 200910 3. ()2000 WFE 2009 3(16) 5,062 6(19) 2,774 9(13) 1,559 10(23) 1,511 11(16) 1,502 13(19) 932 14(8) 905 24(24) 247 10 TDRTaiwan Depositary Receipt

1002011 15 (%) 160 TAIEX 225 S&P 500 KOSPI FTSE100 140 120 100 80 60 40 2008/9/2 2009/2/2 2009/7/2 2009/12/2 2010/5/2 2010/10/2 Bloomberg 100 90 80 70 60 50 40 30 20 10 0 70 1 4 48 17 86 1 8 43 34 47 2 1 24 20 38 1 25 12 13 1 11 5 3 7 8 30 31 36 41 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 13 17 19 12 10 9 12 6 2 8 17 13 TDR 2008

16 2011TAIWAN SECURITIES ASSOCIATION 20092010 2009 2010 % IPO 75.01 319.91 326.49 SPO 785.03 880.82 12.20 860.04 1200.73 39.61 TDR IPOSPO 2009 2010 IPO IPO(%) (%) 75.01 119.54 22 8 NA 200.37 37 14 TDR 299.42 214.93 40 15 IPO 374.43 534.84 100 37 SPO IPO(%) (%) 785.03 880.82 97 61 TDR 37.25 24.32 3 2 SPO 822.28 905.14 100 63 () IT IT IT (WEF)2010-2011 13(139) 1 34 7 11 11 IT1999201050%

1002011 17 () 3 2 4 12 200994% 4.8% 20101.5 () 2010 11 4() IT 2000-2009 % 4.8 2.9 1.8 3.2 1.3 1.1 180.3 63.0 206.6 62.1 118.5 243.9 WFE 2005 Scores 2007 Scores 2010 2010 Scores CG rules & practices Enforcement Political & regulatory IGAAP CG Culture 70 65 67 65 60 69 88 53 69 67 65 59 63 67 80 54-52 57.6 45 53 62 75 53 52 54 55.4 50 47 56 78 46 50 47 54.8 56 42 54 73 49 56 49 52 49 38 60 80 32 61 56 49 46 36 54 63 43 44 45 49 47 36 56 75 30 50 49 45 43 28 44 78 33 37 37 40 39 28 33 67 32 46 41 37 35 15 37 75 25 2010 12

18 2011TAIWAN SECURITIES ASSOCIATION 2011 ( ) 201040 2118() )2010 5 6TDR 12 201063 2011 50 2011 2010 2011 2010 2009 26 0 10(1) 36 2010 23* 6(1) 12(8) 41 */2

1002011 19 2011 / TDR 20 5 10 15 25 25 (1) (2)(3) (4) 2009 2011 ETF A 6502,000 IT () TDR TDRIPO TDRIPO TDRIPO

2011TAIWAN SECURITIES ASSOCIATION 20 ETF ETF2010 ETF(50) ETF() ETF BlackRock201011( )188(46.9%) 42.9% ETF 2010 2009 2010 2011 ETF () ETF ETF ()

(2010)526 2012 PAIN- (Privacy)(Authentication) (Integrity)(Non-repudiation) PKI 201010

22 2011TAIWAN SECURITIES ASSOCIATION 2005 200569138 20052060 200836(1224) 1980 20052 3.92006 1127.7600% 60 2008717 200881 123 20052007

100 23 18

24 2011TAIWAN SECURITIES ASSOCIATION WEF () IMD (20%) IMD GDP 2009 2009 20092008 2009 (60%) 2009 WFE 2009 2009 20092008 5% ( (60) ) (10) (20%) (30) WEFIMDWFE 1 1 2009(WFE)

100 25 () 2007 () 30 () 10 10 10 10 () (WEF) 2010-2011 IT 72 ()

2011TAIWAN SECURITIES ASSOCIATION 26 () () ECFA ETF () () (ECFA)2010629 912 ( )

100 27 1970 (OECD) 19958 2001 2005(APEC) ()2010526 2012 ()

28 2011TAIWAN SECURITIES ASSOCIATION () () () () APEC () ( E-mail) () () 1. ( ()27) () 2. /(2829 ) ()500-20,000 2

100 29 3. (32) () 1. (89) (1) (2) (3) (4) (5) (1) (2) (3) (4) (5) (6) (7) (8) 2. (619) () (1) (2) (): (1) (2) (3) (4) (5) (6) ( ) (7)

30 2011TAIWAN SECURITIES ASSOCIATION 4. (20) 5. //(3 1011) 6. (27212 13) 7. (21) ( ) () 1. (50) ( ) 2. (51) () () 3. (71619)

100 31 4. (54) ( ) () 1. (1) 20 (2) 100 2. (1) 5-50 5-50 (2) 2-20 (3) 2-20 (4)

32 2011TAIWAN SECURITIES ASSOCIATION 201011 () () () () () () () () () () () () ()

100PAIN- 33 PAIN- (PAINPrivacy AuthenticationIntegrityNon-repudiation)PKI (Service Request)Internet (Channel) -PAIN PAIN PrivacyAuthenticationIntegrityNonrepudiation Privacy Authentication login IDPassword Authentication Integrity Privacy Non-repudiation

2011TAIWAN SECURITIES ASSOCIATION 34 Internet Internet Nonrepudiation PAIN PAIN PAIN PKI PKI PAIN PAIN Dilemma PAINPrivacy() ABC C AB ABC Dilemma A=350B=12 350+12AB A=351 B=13(351=350+113=12+1) 351+13 AB1 A+B=351+13=364=C C=3641+1=2 C=364 2=362 AB AB

100PAIN- 35 PAIN PAIN- PKI PKI PKI PAIN (Authentication) (Non-repudiation) (Integrity) (Privacy)PKI PAIN PKI TWCA PKI () ( R A Registration Authority) () TWCA () () PKI () () () () PKI 1. RA(Registration Authority System) 2. VA(Validation Authority) 3. CA(Certification Authority) 4. (Security Component Set)() () RA VA PKI RAVAPKI Gateway () RA DA

36 2011TAIWAN SECURITIES ASSOCIATION D B () Step 1. AB B Step 2. RAA (1) B (2) (Token) (Public Private Key Pair) (3) (Public Key) (CSR Certificate Signing Request) RA Step 3. RACSRRA CACA Step 4. CACSRCSR RA Step 5. RACARA A (Smart Card USB Key) Step 6. A PKI(RA+VA) VA CA internet/ intranet RA PKI(RA+VA) RA PKI Gateway VA PKIPKI

100PAIN- 37 PKI(RA+VA) VA CA RA internet/ intranet PKI B () RAPKI RAVA ( ) RAVA( PKI) (PKI)PKI 1. PKID RAVARA P 2. P(PKI) RA 3. Dilemma DPKI

38 2011TAIWAN SECURITIES ASSOCIATION PKIP Dilemma Dilemma RA RA InputCA ( Step 1.Step 6.) 1. RA RARAPKI RARA RA RARA Dilemma 2. RARA RARegistration Authority RA RA RA RA ( ) unique number primary key RA RA RA ( ) unique numberprimary key RARA PKI 3. Step 1.- Step 6. Step 1. AB B () Step 2. RAA (1) B RA (2) (Token)

100PAIN- 39 (Public Private Key Pair) (3) (Public Key) (CSR Certificate Signing Request) RA Step 3. RACSRRA CACA () Step 4. CACSRCSR RA() Step 5. RACARA A () Step 6. A B ( ) (ERP ) () PAIN PKI PKI PKI ERP ERP

40 2011TAIWAN SECURITIES ASSOCIATION 201091() () ECFA A50 ETF 201054 ()()486 161413 101 1 A50ETF5 A50ETF 11 5 16 14 0 14 13 0 13 9 1 10 1 0 1 48 6 54

100 41 A50 A50 A50 A50 A50 ETF A50 ETF14 2 A50ETF50 5 2 A 5 0 14 2 16 4 1 5 4 1 5 3 1 4 3 1 4 3 3 2 2 2 2 2 2 2 2 2 2 2 2 1 1 1 1 1 1 1 1 1 1 48 6 54

42 2011TAIWAN SECURITIES ASSOCIATION () () ( ) 20091 10 1230143016 2.5 910 12301330 () () () () () 6 1. (1) Max( -, 0)

100 43 ETF ETF 1 2 10:00-12:30 9:00-13:30 / 1 1.425 (2) Max(-, 0) 2. (1) Max( -, 0) (2) Max(-, 0) 201098 A50ETF ()A50ETF 50 101230 14301691330 (101230)

44 2011TAIWAN SECURITIES ASSOCIATION 201098-2010128 () 1 A 5 0 97,307 2 12,850 3 10,037 4 8,635 5 6,205 6 5,440 7 5,325 8 2,447 9 1,801 10 1,637 11 1,430 12 1,410 13 1,268 14 1,264 15 880 16 624 17 346 () ()

100 45 (The Sixth ASF Tokyo Round Table)20101025112 (Japan Securities Dealers Association, JSDA) (Asia Securities Forum, ASF)2007 1990 1996 1998 (Big Bang) (Financial Services and Markets Act) 2006627 930

46 2011TAIWAN SECURITIES ASSOCIATION (Financial Services Agency, FSA) (Securities Exchange Surveillance Commission, SESC) (JSDA)(Self-Regulatory Organizations, SROs) 1992 1992 (FSA) (SESC) SROs () (FSA) 1997 () 199871 200071 (FSA)

100 47 () (SESC) 1992 () JASDAQ 2000 JASDAQ 2004 2009 96% () () ( )

48 2011TAIWAN SECURITIES ASSOCIATION () (JSDA) 19401992 200667 啓 1. 2. 3. 4. 5. (2009) 1. 2. 91 61 3. 0 1 6 5 5 4. 261,171 6,693 5. 173 7,211 () 1. 2. 199911 3. () 20049

100 49 (: ) (: ( ) ) 4. () (SESC) (JSDA)

50 2011TAIWAN SECURITIES ASSOCIATION () 214 991125 () 9912 13 () ( ) 991228100 110 ()

100 51 99107 () 991231 3 5,000( ) 10016 45 9 9 1 2 2 0 09910007071 ()45 () 127 9911 100

52 2011TAIWAN SECURITIES ASSOCIATION 99121 () 9 9 9 1 4 0990042998 () 99112 () 99831 12 64 991119 () 9910281. 3,000 2. 300 300 () 2. ( )1,500 ()() () 991126 () (TDR)

100 53 99123 () () 991125 () () () () (QDII) 991231 99127 IFRS

54 2011TAIWAN SECURITIES ASSOCIATION () () () () () () () () 943 () () () 18 ()

100 55 () 451 () 1. 2. ()3. ( )4. 50()50 () 9993 123 () 100 060 EPS () IPO 991222()

56 2011TAIWAN SECURITIES ASSOCIATION : 1. ()( ) 2. 3. () 4. IPO 75% 5. 100 60%10 6. 7. IPO : 10% 5%5%2% 8. ( ) () ( ) () 9 9 1 1 1 7 0990064174 ()

100 57 () 99122 () 102 FIXFAST 321 () ( ) 99831 12() ()

58 2011TAIWAN SECURITIES ASSOCIATION () 99102653991123569912 2154 () () IOSCOIFIE 991189IOSCOIFIE () 99111415 () 20102010 991125121 20102010 () http://www.twsa.org.tw 1 2 3 -

100 59 1 22 1821117 2 6615653 222 1111183 ()983~6 3 41 4 22362 182317 23 () () () 65 56 1 661 56 1 65 65 56 6 1

60 2011TAIWAN SECURITIES ASSOCIATION 5 56 1827 6 22 1829 7 1822 SMS 8 1827 9 22311 218 27 2 51 953130950001096 () () () () () () () 65 56 1 65 56 1 65 56 6 56 1 65

100 61 10 1827 11 56 18219 12 56 18213 13 65 1111 9572699 1125 56 1 56 1 56 2 65

62 2011TAIWAN SECURITIES ASSOCIATION 1004 1005 1008 1011 1013 1017 1022 1028 1028 1109 1112 1112 8 25 (MOU) 2520 50100 () ()() 28292010 IOSCO(APRC) 1105

100 63 1117 1118 1122 1123 1123 1125 1126 1129 1129 1201 1201 1203 (TDR) TDR() / () 10% 30% 100 2000563 279 29 99 (ECFA) ECFA 99121

64 2011TAIWAN SECURITIES ASSOCIATION 1206 1206 1215 1216 1220 1223 1227 1229 1230 1230 99126 TDR TDR(IPO) TDR 34 10015 100()()128 ()131212227 28() Twitter() TDRTDR TDR () 96.69% 100% 108 76 100 9930

100 65 / () 991026 / 991026 991123 991123

66 2011TAIWAN SECURITIES ASSOCIATION 1013 1020 1022 1104 1122 1129 1206 1227 1228 15% 1997-1998 (Asian Development Bank)12 2020 AAA (Singapore Exchange Ltd., S68.SG)Nasdaq OMX Group Inc. (NDAQ) (IPO) (NASDAQ Stock Market) IPO (FED)(QE2)201166,000 750 0-0.25% (ETF)(Julia Leung) (European Union)(International Monetary Fund, IMF)850175 (European Financial Stability Mechanism)IMF (European Financial Stability Fund)225 (CSRC) 0.25%5.56% 5.81%2.5%2.75%1019 0.25% 11 (CPI)5.1% (Financial Services Agency)49

100 67 () ( ) 9910 9911 9912 994 1 39,072,189,465 38,634,836,751 28,127,500,509 105,834,526,725 2 553,845,248 538,172,782 390,657,362 1,482,675,392 3 8,204,344,217 8,681,661,692 7,791,331,593 24,677,337,502 4 5,082,256,663 5,222,880,988 4,467,878,336 14,773,015,987 5 0 0 0 0 6 19,290,630 24,034,329 20,363,655 63,688,614 7 2,043,077,716 2,015,770,281 1,751,737,176 5,810,585,173 8 365,286 362,379 0 727,665 9 922,997,181 1,004,298,915 482,242,065 2,409,538,161 10 1,098,362,140 672,190,925 699,089,553 2,469,642,618 11 0 0 0 0 12 0 0 0 0 13 0 0 0 0 14 0 0 0 0 15 0 0 0 0 16 404,290 641,334 72,889 1,118,513 17 0 0 0 0 18 5,517,240,300 6,343,756,469 4,638,047,899 16,499,044,668 19 23,550,156 29,887,823 9,846,559 63,284,538 20 4,497,994,554 3,043,446,190 3,368,031,996 10,909,472,740 21 658,920,792 462,471,876 376,639,177 1,498,031,845 22 103,597,905 69,349,816 58,154,422 231,102,143 23 22,105,419 11,792,236 205,690,873 239,588,528 24 557,005,353 947,050,272 2,409,951,771 3,914,007,396 25 犇 0 0 0 0 26 28,520 298,124 1,131,817 1,458,461 27 0 0 0 0 28 7,198,016 12,377,632 441,712 20,017,360 29 318,550,435 276,354,950 234,197,871 829,103,256 30 0 0 0 0 31 0 0 0 0 32 42,387,573 12,180,530 21,721,671 76,289,774 33 0 0 0 0 34 3,842,499 10,571,723 2,173,861 16,588,083 35 0 0 0 0 36 1,866,935,106 1,358,382,317 414,776,149 3,640,093,572 37 4,553,163 11,499,300 13,484,061 29,536,524 38 13,724,297 144,446 139,864 14,008,607 39 7,544,456,989 6,651,653,256 6,977,586,040 21,173,696,285 40 5,810,084 23,948,550 15,571,540 45,330,174 41 3,028,072,220 5,567,640,519 3,606,298,197 12,202,010,936 42 4,012,841,729 4,098,416,016 2,986,481,009 11,097,738,754 43 5,721,745,098 6,759,228,165 5,057,100,207 17,538,073,470 NT$90,947,693,044 NT$92,485,300,585 NT$74,128,339,834 NT$257,561,333,463

68 2011TAIWAN SECURITIES ASSOCIATION () ( ) 9910 9911 9912 994 672,170,468.82 709,849,506.64 690,725,935.10 2,072,745,910.56 7,448,843.14 4,342,259.92 9,503,741.32 21,294,844.38 1,276,131.41 1,585,868.83 4,370,152.81 7,232,153.05 1,697,439.14 70,223.46 7,867,288.69 9,634,951.29 0.00 0.00 0.00 0.00 18,127,165.17 15,075,530.58 17,134,059.77 50,336,755.52 0.00 111,234.72 0.00 111,234.72 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7,272,997.33 22,657,286.04 10,648,565.27 40,578,848.64 30,000.00 0.00 0.00 30,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 464,101,091.71 523,824,820.33 394,086,830.09 1,382,012,742.13 1,936,316.26 1,361,299.18 10,180,003.38 13,477,618.82 0.00 0.00 944,454.00 944,454.00 285,147,226.25 305,741,861.14 286,729,541.53 877,618,628.92 3,851,524.62 3,203,937.09 4,408,612.02 11,464,073.73 30,485,709.97 5,163,610.48 16,507,104.85 52,156,425.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,831,458.29 10,546,486.02 1,416,302.35 14,794,246.66 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 287,766.84 0.00 287,766.84 71,653.16 1,797.33 597.33 74,047.82 1,307,538,830.61 1,299,908,403.49 980,041,161.57 3,587,488,395.67 0.00 0.00 0.00 0.00 829,664.40 1,685,443.52 595,941.25 3,111,049.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 13,135,721.48 13,685,276.73 19,533,444.90 46,354,443.11 963,096.66 799,536.27 600,379.58 2,363,012.51 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 22,871,708.15 10,372,306.39 15,061,904.84 48,305,919.38 60,650,221.12 44,861,349.72 7,821,907.31 113,333,478.15 0.00 0.00 548,451.20 548,451.20 7,966,088.26 5,760,900.29 4,217,764.52 17,944,753.07 0.00 0.00 0.00 0.00

100 69 9910 9911 9912 994 30,140,600.78 17,454,742.73 5,824,139.44 53,419,482.95 3,083,579.69 1,700,361.16 1,488,681.32 6,272,622.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 13,132,982.33 590,916.00 8,698,520.64 22,422,418.97 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8,363,403.37 163,397.49 8,526,800.86 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,687,239.59 19,588,505.84 20,109,281.19 44,385,026.62 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 271,834.61 0.00 0.00 271,834.61 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 112,064.79 0.00 112,064.79 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 244,680.83 583,635.82 0.00 828,316.65 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 891,774.25 1,590,268.70 0.00 2,482,042.95 2,419,061.21 1,116,278.40 0.00 3,535,339.61 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 US$2,965,275,109.23 US$3,031,996,881.82 US$2,519,228,163.76 US$8,516,500,154.81 US$109,897,240.94 US$92,641,257.12 US$59,931,297.32 US$262,469,795.38 4,273 4,350 4,389 591,386 604,779 606,483 595,659 609,129 610,872

70 2011TAIWAN SECURITIES ASSOCIATION () ( ) 9910 9911 9912 994 672,170,468.82 709,849,506.64 690,725,935.10 2,072,745,910.56 464,101,091.71 523,824,820.33 394,086,830.09 1,382,012,742.13 7,272,997.33 22,657,286.04 10,648,565.27 40,578,848.64 13,135,721.48 13,685,276.73 19,533,444.90 46,354,443.11 22,871,708.15 10,372,306.39 15,061,904.84 48,305,919.38 30,485,709.97 5,163,610.48 16,507,104.85 52,156,425.30 18,127,165.17 15,075,530.58 17,134,059.77 50,336,755.52 0.00 8,363,403.37 163,397.49 8,526,800.86 13,132,982.33 590,916.00 8,698,520.64 22,422,418.97 829,664.40 1,685,443.52 595,941.25 3,111,049.17 30,140,600.78 17,454,742.73 5,824,139.44 53,419,482.95 2,831,458.29 10,546,486.02 1,416,302.35 14,794,246.66 4,687,239.59 19,588,505.84 20,109,281.19 44,385,026.62 0.00 112,064.79 0.00 112,064.79 244,680.83 583,635.82 0.00 828,316.65 891,774.25 1,590,268.70 0.00 2,482,042.95 1,280,923,263.09 1,361,143,803.98 1,200,505,427.18 3,842,572,494.25 7,448,843.14 4,342,259.92 9,503,741.32 21,294,844.38 60,650,221.12 44,861,349.72 7,821,907.31 113,333,478.15 1,936,316.26 1,361,299.18 10,180,003.38 13,477,618.82 0.00 287,766.84 0.00 287,766.84 963,096.66 799,536.27 600,379.58 2,363,012.51 3,083,579.69 1,700,361.16 1,488,681.32 6,272,622.17 30,000.00 0.00 0.00 30,000.00 271,834.61 0.00 0.00 271,834.61 0.00 111,234.72 0.00 111,234.72 2,419,061.21 1,116,278.40 0.00 3,535,339.61 76,802,952.69 54,580,086.21 29,594,712.91 160,977,751.81 1,307,538,830.61 1,299,908,403.49 980,041,161.57 3,587,488,395.67 285,147,226.25 305,741,861.14 286,729,541.53 877,618,628.92 7,966,088.26 5,760,900.29 4,217,764.52 17,944,753.07 1,697,439.14 70,223.46 7,867,288.69 9,634,951.29 1,602,349,584.26 1,611,481,388.38 1,278,855,756.31 4,492,686,728.95 3,851,524.62 3,203,937.09 4,408,612.02 11,464,073.73 3,851,524.62 3,203,937.09 4,408,612.02 11,464,073.73 1,276,131.41 1,585,868.83 4,370,152.81 7,232,153.05 71,653.16 1,797.33 597.33 74,047.82 0.00 0.00 944,454.00 944,454.00 0.00 0.00 548,451.20 548,451.20 1,347,784.57 1,587,666.16 5,863,655.34 8,799,106.07 US$2,965,275,109.23 US$3,031,996,881.82 US$2,519,228,163.76 US$8,516,500,154.81

100 71 () 90 52 163 3 7 91 113 211 2 4 92 126 128 1 2 93 205 130 2 7 94 102 92 0 9 95 111 99 0 11 96 185 122 0 13 97 86 61 1 1 98 127 101 0 1 99Q1 36 28 0 0 99Q2 47 18 0 2 99Q3 45 39 0 1 99Q4 62 55 0 0 () 994 () () (%) 1 504 18 9,072,000 99.10.07 2.82 2 1,700 23.80 40,460,000 99.10.08 4.78 3 850 31.60 26,860,000 99.10.11 0.65 4 1,275 45 57,375,000 99.10.11 2.59 5 TDR 9,450 17 160,650,000 99.10.14 7.86 6 1,275 15.30 19,507,500 99.10.15 1.67 7 TDR 9,520 15.65 148,988,000 99.10.18 7.99 8 2,550 14 35,700,000 99.10.19 2.72 9 4,250 73 310,250,000 99.10.20 12.44 10 723 288 208,224,000 99.10.21 1.16 11 TDR 10,800 13.6 146,880,000 99.10.22 9.36 12 TPK() 7,140 220 1,570,800,000 99.10.25 1.30 13 1,896 54 102,384,000 99.10.27 2.60 14 4,250 10 42,500,000 99.10.28 1.54 15 1,284 13.80 17,719,200 99.11.01 2.27 16 2,550 13.50 34,425,000 99.11.01 3.78

72 2011TAIWAN SECURITIES ASSOCIATION () () (%) 17 1,179 70 82,530,000 99.11.04 0.57 18 2,640 29 76,560,000 99.11.04 2.72 19 2,703 108 291,924,000 99.11.08 1.88 20 3,009 23 69,207,000 99.11.08 4.98 21 4,250 10 42,500,000 99.11.08 17.32 22 408 38 15,504,000 99.11.11 3.94 23 595 115 68,425,000 99.11.12 0.27 24 888 500 444,000,000 99.11.12 0.49 25 1,212 15 18,180,000 99.11.16 2.70 26 54,000 16.50 891,000,000 99.11.16 100 27 Gourmet Master () 3,849 168 646,632,000 99.11.16 1.53 28 1,700 20.5 34,850,000 99.11.17 1.30 29 149 110 16,390,000 99.11.18 0.19 30 697 78 54,366,000 99.11.18 0.51 31 24,570 30.20 742,014,000 99.11.18 17.08 32 447 36.50 16,315,500 99.11.19 0.31 33 51,000 10 510,000,000 99.11.25 37.29 34 () 2,550 38 96,900,000 99.11.25 5.16 35 2,040 70 142,800,000 99.11.25 1.21 36 Z-Obee TDR 7,600 10.20 77,520,000 99.11.29 7.84 37 897 25.50 22,873,500 99.12.02 0.66 38 1,164 13.50 15,714,000 99.12.03 1.73 39 31,100 10 311,000,000 99.12.07 16.27 40 AirTAC () 4,590 88 403,920,000 99.12.07 2.70 41 1,700 41 69,700,000 99.12.08 1.11 42 850 25 21,250,000 99.12.09 0.57 43 1,755 50 87,750,000 99.12.14 1.04 44 1,878 55 103,290,000 99.12.14 1.09 45 5,100 17 86,700,000 99.12.15 3.26 46 34,000 27 918,000,000 99.12.16 13.96 47 948 95 90,060,000 99.12.17 0.74 48 () 8,400 300 2,520,000,000 99.12.20 2.99 49 1,275 16 20,400,000 99.12.21 0.88 50 1,419 93 131,967,000 99.12.23 0.61

100 73 () () (%) 51 3,837 21 80,577,000 99.12.23 1.77 52 1,521 25 38,025,000 99.12.24 0.85 53 765 23 17,595,000 99.12.28 0.43 54 1,275 21 26,775,000 99.12.28 0.76 55 768 26 19,968,000 99.12.30 0.79 ()994 1 3,500 3,150 99.10.04-99.10.05 101-105% 2 7,000 6,600 99.10.06-99.10.07 101-105% 3 7,000 6,450 99.10.07-99.10.11 101-110/% 4 TDR 30,000 17,550 99.10.07-99.10.12 16.00-19.50 5 3,000 2,675 99.10.08-99.10.12 101-120% 6 4,000 3,400 99.10.08-99.10.13 101-120% 7 112,500 106,875 99.10.11-99.10.12 7.83-8.50 8 3,000 2,550 99.10.11-99.10.13 101-105% 9 TDR 32,000 17,680 99.10.11-99.10.14 13.50-15.65 10 3,000 2,710 99.10.13-99.10.18 101-110% 11 1,980 1,869 99.10.14-99.10.18 101-115% 12 1,520 1,330 99.10.15-99.10.19 101-115% 13 5,940 5,232 99.10.15-99.10.19 45-50 14 TDR 120,000 97,200 99.10.15-99.10.20 11.30-13.85 15 3,000 2,610 99.10.18-99.10.20 101-110% 16 TPK() 24,800 17,660 99.10.18-99.10.21 200-220 17 7,000 6,020 99.10.22-99.10.25 105-115% 18 4,519 3,340 99.10.28-99.11.02 65-70 19 9,680 7,040 99.10.28-99.11.02 28-32 20 5,000 4,250 99.11.01-99.11.03 105-115% 21 9,591 6,888 99.11.01-99.11.04 100-120 22 23,069 20,060 99.11.01-99.11.04 23-25 23 4,000 3,600 99.11.05-99.11.08 101-110% 24 3,398 2,510 99.11.05-99.11.10 480-500 25 Gourmet Master () 13,825 9,976 99.11.09-99.11.12 150-180 26 4,635 3,423 99.11.09-99.11.12 15-17 27 5,000 4,500 99.11.10-99.11.12 101-105% 28 2,500 2,250 99.11.11-99.11.12 101-105%

74 2011TAIWAN SECURITIES ASSOCIATION 29 TDR 260,000 221,130 99.11.11-99.11.16 29-33 30 3,000 2,700 99.11.15-99.11.17 101-110% 31 3,000 2,600 99.11.18-99.11.19 101-105% 32 7,820 5,780 99.11.18-99.11.23 60-70 33 () 26,775 24,225 99.11.18-99.11.23 37-39 34 Z-Obee TDR 80,000 68,400 99.11.22-99.11.25 10-12 35 2,000 1,798 99.11.25-99.11.26 101-110% 36 3,150 2,253 99.11.25-99.11.30 22-26 37 4,462 3,298 99.11.26-99.12.01 13.50-16.00 38 () 2,000 1,900 99.11.29-99.11.30 100.10-106.90% 39 () 2,100 1,995 99.11.29-99.11.30 100.10-106.90% 40 2,100 1,890 99.11.30-99.12.01 101-110% 41 AirTAC () 17,050 12,460 99.11.30-99.12.03 82-92 42 3,000 2,700 99.12.01-99.12.02 101-105% 43 1,200 1,080 99.12.03-99.12.07 101-110% 44 6,727 4,972 99.12.07-99.12.10 48-53 45 6,986 5,108 99.12.07-99.12.10 50-55 46 () 1,500 1,350 99.12.08-99.12.09 101-105% 47 3,409 2,461 99.12.10-99.12.15 90-95 48 () 32,200 23,800 99.12.13-99.12.16 250-310 49 4,025 2,606 99.12.16-99.12.21 93-95 50 14,701 10,864 99.12.16-99.12.21 20-21 51 5,823 4,302 99.12.17-99.12.22 20-25 52 3,000 2,550 99.12.20-99.12.23 101-110% 53 3,000 2,790 99.12.21-99.12.23 101-105% 54 () 2,500 2,190 99.12.21-99.12.22 101-105% 55 () 2,500 2,250 99.12.21-99.12.22 101-110% 56 () 2,500 2,250 99.12.21-99.12.22 101-110% 57 2,685 1,917 99.12.23-99.12.28 25-33 58 10,000 8,500 99.12.22-99.12.23 110-115% 59 3,000 2,685 99.12.23-99.12.24 101-110% 60 1,000 900 99.12.28-99.12.30 101-120% 61 40,000 36,365 99.12.31-100.01.04 105-115% 62 30,000 27,365 99.12.31-100.01.04 105-115%

100 75 () (991-12) () (%) EPS () ROE (%) (%) () 84 347,829,943 312,836,428 34,993,515 343,183,131 480,085,583 10.06 1.020 7.29 100.00 13.989 47 338,576,922 306,441,619 32,135,303 330,230,738 455,773,199 9.49 0.973 7.05 97.34 13.802 37 9,253,021 6,394,809 2,858,212 12,952,393 24,312,384 30.89 2.207 11.76 2.66 18.771 67 325,766,054 295,522,757 30,243,297 322,836,921 440,993,687 9.28 0.937 6.86 93.66 13.660 34 321,971,134 292,439,395 29,531,739 313,254,528 426,225,371 9.17 0.943 6.93 92.57 13.606 33 3,794,920 3,083,362 711,558 9,582,393 14,768,316 18.75 0.743 4.82 1.09 15.412 17 22,063,889 17,313,671 4,750,218 20,346,210 39,091,896 21.53 2.335 12.15 6.34 19.213 13 16,605,788 14,002,224 2,603,564 16,976,210 29,547,828 15.68 1.534 8.81 4.77 17.405 4 5,458,101 3,311,447 2,146,654 3,370,000 9,544,068 39.33 6.370 22.49 1.57 28.321 20 20 305,549,386 278,111,019 27,438,367 279,119,339 387,215,229 8.98 0.983 7.09 87.84 13.873 20114.2% 20274.38 (1). 15289 63 (2). 84 (3). Year-To-Month 991-12 100117 (4). 12ISM57.01 72.712 9.4%FEDQE2 12PMI 53.9 2011IMF 20112.3%9.6% 1.5%1.5% (5). 991-12(TSE: 1,151/OTC: 224) 98(TSE: 1,120/OTC: 209)84 EPS1.0201.17576 88,1888,9729.57%99 1-12EPS0.973 2.207EPS2.335 EPS 0.937EPS0.943 EPS0.743 EPS6.370EPS1.534 (6). 991-1220EPS0.983 EPS 1.762 20ROE7.09%7.29% (7). EPS 24.3814.0511.82 EPS-6.99-0.44-0.40 (8). 20102,746.4 2,514.0 2010GDP9.98%2011GDP 4.51%2 2011()

76 2011TAIWAN SECURITIES ASSOCIATION ()(991-12 () () () () () () 1 30,424,944 1 5,010,269 1 24.375 2 29,889,736 2 3,439,534 2 14.050 3 29,429,199 3 2,274,440 3 11.819 4 27,628,273 4 2,083,010 4 9.431 5 26,557,348 5 2,038,733 5 2.981 6 24,183,508 6 1,803,348 6 2.380 7 22,806,467 7 1,788,741 7 2.360 8 20,682,158 8 1,720,126 8 犇 2.097 9 18,078,658 9 1,480,446 9 1.878 10 17,694,775 10 1,479,943 10 1.787 () () () () () () 1 30,424,944 1 5,010,269 1 14.050 2 29,889,736 2 3,439,534 2 9.431 3 29,429,199 3 2,274,440 3 2.981 4 27,628,273 4 2,083,010 4 2.360 5 26,557,348 5 2,038,733 5 犇 2.097 () () () () () () 1 2,453,003 1 1,341,509 1 24.375 2 1,327,452 2 536,258 2 11.819 3 1,208,241 3 153,005 3 2.380 4 609,739 4 145,134 4 1.878 5 469,405 5 123,753 5 1.700 4.77% 1.57% 1.09% 92.57% 7.44% 6.13% 2.04% 84.39% 7.000 6.000 5.000 4.000 3.000 2.000 1.000 0.000 0.943 0.743 1.534 6.370 ()

100 77 () (991-12 () (%) EPS() ROE(%) (%) () 1040 633,826 514,195 119,631 3,000,000 3,227,575 18.874 0.399 3.71 0.182 10.76 1090 5,018,819 4,744,866 273,953 4,509,765 5,125,765 5.459 0.607 5.34 1.443 11.37 1160 13,805,475 11,766,742 2,038,733 11,572,128 20,981,377 14.768 1.762 9.72 3.969 18.13 1260 1,219,580 1,204,020 15,560 4,568,388 4,211,409 1.276 0.034 0.37 0.351 9.22 1360 1,235,202 1,139,946 95,256 533,000 1,414,367 7.712 1.787 6.73 0.355 26.54 1400 174,173 279,050-104,877 150,000 1,052,695-60.214-6.992-9.96 0.050 70.18 1440 1,261,765 1,044,930 216,835 1,700,000 2,611,775 17.185 1.276 8.30 0.363 15.36 1470 915,327 809,640 105,687 1,468,210 1,758,552 11.546 0.720 6.01 0.263 11.98 1480 1,418,205 863,247 554,958 395,000 4,112,242 39.131 14.050 13.50 0.408 104.11 1530 1,140,232 621,522 518,710 550,000 1,853,093 45.492 9.431 27.99 0.328 33.69 1560 553,430 579,819-26,389 1,450,000 1,487,909-4.768-0.182-1.77 0.159 10.26 1570 5,770,562 5,590,936 179,626 1,010,000 1,340,757 3.113 1.778 13.40 1.659 13.27 1590 967,005 623,611 343,394 1,455,000 3,455,808 35.511 2.360 9.94 0.278 23.75 1650 1,174,472 797,325 377,147 1,265,000 2,085,533 32.112 2.981 18.08 0.338 16.49 2180 5,455,376 4,921,307 534,069 7,137,143 10,405,563 9.790 0.748 5.13 1.568 14.58 5050 679,500 458,293 221,207 2,325,836 3,417,806 32.554 0.951 6.47 0.195 14.69 5110 172,511 162,804 9,707 760,000 548,853 5.627 0.128 1.77 0.050 7.22 5180 657,782 806,636-148,854 4,165,000 2,548,626-22.630-0.357-5.84 0.189 6.12 5260 1,000,200 553,834 446,366 2,788,691 4,365,213 44.628 1.601 10.23 0.288 15.65 5270 30,424,944 28,704,818 1,720,126 23,057,225 28,060,087 5.654 0.746 6.13 8.747 12.17 5380 5,608,881 5,023,585 585,296 6,400,000 7,613,930 10.435 0.915 7.69 1.613 11.90 5510 27,628,273 26,147,827 1,480,446 13,969,020 22,519,650 5.358 1.060 6.57 7.943 16.12 5720 20,682,158 18,893,417 1,788,741 14,290,660 20,757,535 8.649 1.252 8.62 5.946 14.53 5820 2,865,590 2,764,889 100,701 10,827,764 10,482,847 3.514 0.093 0.96 0.824 9.68 5850 24,183,508 22,380,160 1,803,348 12,319,334 20,462,026 7.457 1.464 8.81 6.953 16.61 5920 26,557,348 25,077,405 1,479,943 14,770,628 19,322,322 5.573 1.002 7.66 7.635 13.08 6010 犇 526,447 287,869 238,578 1,137,554 1,587,149 45.319 2.097 15.03 0.151 13.95 6160 935,141 882,376 52,765 5,357,140 5,948,612 5.642 0.098 0.89 0.269 11.10

78 2011TAIWAN SECURITIES ASSOCIATION () (991-12 () (%) EPS() ROE(%) (%) () 6480 255,167 213,167 42,000 2,000,000 1,836,710 16.460 0.210 2.29 0.073 9.18 6530 1,380,268 1,284,850 95,418 3,909,898 4,739,793 6.913 0.244 2.01 0.397 12.12 6910 454,967 405,042 49,925 1,375,500 1,416,262 10.973 0.363 3.53 0.131 10.30 7000 18,078,658 16,681,328 1,397,330 11,600,000 14,767,196 7.729 1.205 9.46 5.198 12.73 7030 710,523 430,365 280,158 2,040,600 2,969,689 39.430 1.373 9.43 0.204 14.55 7790 5,870,136 5,391,431 478,705 8,270,789 9,301,994 8.155 0.579 5.15 1.688 11.25 8150 310,770 288,977 21,793 2,280,000 2,563,106 7.013 0.096 0.85 0.089 11.24 8450 4,919,944 4,807,675 112,269 6,816,422 7,801,177 2.282 0.165 1.44 1.414 11.44 8560 700,404 457,445 242,959 1,372,110 1,935,010 34.688 1.771 12.56 0.201 14.10 8700 575,202 186,006 389,196 3,000,000 3,575,669 67.662 1.297 10.88 0.165 11.92 8840 1,082,331 843,394 238,937 3,060,000 3,576,962 22.076 0.781 6.68 0.311 11.69 8880 7,857,052 7,621,505 235,547 3,700,000 4,277,388 2.998 0.637 5.51 2.259 11.56 8890 1,110,754 1,229,182-118,428 3,000,000 3,699,891-10.662-0.395-3.20 0.319 12.33 8960 309,459 237,010 72,449 1,000,000 1,099,537 23.412 0.724 6.59 0.089 11.00 9200 29,889,736 26,450,202 3,439,534 32,072,362 48,367,272 11.507 1.072 7.11 8.593 15.08 9300 12,475,378 11,706,249 769,129 8,111,743 11,594,986 6.165 0.948 6.63 3.587 14.29 9600 29,429,199 27,346,189 2,083,010 15,130,500 31,136,712 7.078 1.377 6.69 8.461 20.58 9700 22,806,467 20,532,027 2,274,440 21,385,195 28,412,048 9.973 1.064 8.01 6.557 13.29 9800 17,694,775 12,684,506 5,010,269 46,953,133 59,942,721 28.315 1.067 8.36 5.087 12.77 1380 1,327,452 791,194 536,258 220,000 976,258 40.398 24.375 54.93 0.382 44.38 1520 2,453,003 1,111,494 1,341,509 1,135,000 5,119,007 54.688 11.819 26.21 0.705 45.10 5320 278,020 210,122 67,898 478,555 949,172 24.422 1.419 7.15 0.080 19.83 5460 61,197 59,408 1,789 312,000 316,318 2.923 0.057 0.57 0.018 10.14 5600 262,282 228,213 34,069 400,000 710,806 12.989 0.852 4.79 0.075 17.77 5660 75,749 58,138 17,611 203,400 372,013 23.249 0.866 4.73 0.022 18.29 5690 67,707 57,925 9,782 280,000 511,958 14.448 0.349 1.91 0.019 18.28 5860 69,329 39,578 29,751 268,438 527,643 42.913 1.108 5.64 0.020 19.66 5870 99,147 66,241 32,906 200,000 519,024 33.189 1.645 6.34 0.029 25.95

100 79 () (991-12 () (%) EPS() ROE(%) (%) () 5960 140,911 83,954 56,957 361,538 730,719 40.421 1.575 7.79 0.041 20.21 6210 47,494 46,664 830 235,400 283,429 1.748 0.035 0.29 0.014 12.04 6380 230,818 177,576 53,242 440,783 618,484 23.067 1.208 8.61 0.066 14.03 6450 190,705 147,889 42,816 419,528 708,483 22.451 1.021 6.04 0.055 16.89 6460 609,739 456,734 153,005 900,000 1,362,886 25.094 1.700 11.23 0.175 15.14 6620 14,889 16,426-1,537 200,000 98,226-10.323-0.077-1.56 0.004 4.91 6660 38,829 38,795 34 200,000 209,378 0.088 0.002 0.02 0.011 10.47 6950 99,981 77,942 22,039 255,000 442,958 22.043 0.864 4.98 0.029 17.37 7020 50,057 39,707 10,350 200,000 313,999 20.676 0.518 3.30 0.014 15.70 7070 48,957 39,447 9,510 200,000 348,134 19.425 0.476 2.73 0.014 17.41 7080 70,610 81,672-11,062 250,000 211,110-15.666-0.442-5.24 0.020 8.44 7120 17,172 20,589-3,417 200,000 103,690-19.899-0.171-3.30 0.005 5.18 7530 196,102 176,349 19,753 400,000 735,590 10.073 0.494 2.69 0.056 18.39 7670 89,189 77,695 11,494 300,300 383,648 12.887 0.383 3.00 0.026 12.78 7690 30,725 26,105 4,620 200,000 235,881 15.037 0.231 1.96 0.009 11.79 7750 108,913 92,728 16,185 269,451 325,431 14.860 0.601 4.97 0.031 12.08 7780 133,277 125,432 7,845 368,000 462,369 5.886 0.213 1.70 0.038 12.56 7900 40,607 35,459 5,148 238,000 306,810 12.678 0.216 1.68 0.012 12.89 8380 166,002 125,819 40,183 370,000 632,593 24.206 1.086 6.35 0.048 17.10 8440 1,208,241 1,063,107 145,134 1,495,000 2,708,921 12.012 0.971 5.36 0.347 18.12 8490 37,050 33,143 3,907 200,000 306,772 10.545 0.195 1.27 0.011 15.34 8520 67,573 56,375 11,198 200,000 431,131 16.572 0.560 2.60 0.019 21.56 8660 23,743 19,788 3,955 230,000 221,751 16.658 0.172 1.78 0.007 9.64 8710 100,270 8,298 1,972 244,506 302,000 1.967 0.065 0.81 0.029 8.10 8770 29,881 30,055-174 200,000 229,638-0.582-0.009-0.08 0.009 11.48 8800 174,042 152,697 21,345 320,000 661,744 12.264 0.667 3.23 0.050 20.68 8850 123,953 86,399 37,554 200,000 252,022 30.297 1.878 14.90 0.036 12.60 8900 469,405 345,652 123,753 520,000 739,882 26.364 2.380 16.73 0.135 14.23

268 8 2 (02)2737-4721 (02)2735-0822 http://www.twsa.org.tw

99111 991126302010 991115

熱誠. 專業. 效率. 創新中華民國證券商業同業公會 TAIWAN SECURITIES ASSOCIATION 台北市復興南路二段 268 號 8 樓之 2 TEL: 02-2737-4721 FAX: 02-2735-0822 http://www.twsa.org.tw