Page 1

Milestones and History 2011

Merged with Polaris Securities.


Merged with Fuhwa Financial Holdings in a reverse takeover.


Yuanta acquired a majority stake in Fuhwa FHC and initiated structural changes.


Acquired Asia Securities.


Fuhwa Financial Holding Company (Fuhwa FHC) formed on February 4, 2002 through an equity swap between Fuhwa Securities Finance and Fuhwa Securities.


Merged with Core Pacific Securities.


Became a publicly-listed company on the OTC exchange.


Fuhwa Securities Finance became publicly-listed company.


Yuanta grows through acquisition – M&A with seven local brokers.


Began providing margin financing services to our own clients, the first firm to do so.


Fuhwa Securities Finance founded.


Ma family took over management control of the company.


Yuanta Securities founded. Fuhwa





























復 華

元 大

Contents: Milestones & History 歷 史 沿 革 Vision & Mission 願 景 與 經 營 理 念 Business Overview 元 大 金 控 簡 介 Business Performance 營 運 績 效 Yuanta Client Services 客 戶 服 務 Corporate Social Responsibility 企 業 社 會 責 任 Financial Statements 元 大 金 控 財 務 報 表

01 03 09 21 33 49

Providing the Best Financial Solutions in the Greater China Region 深耕台灣,聚焦大中華市場

Yuanta’s vision is to be the best financial services provider in the Greater China region Our vision is clear and focused: be the best financial services provider in the Greater China region while maintaining our dominant position in Taiwan. To achieve this, we leverage our depth of experience and professional talent, and build our already strong network into an even more integrated platform that delivers seamless service for individual and institutional clients across the region. Fifty years ago, Yuanta was founded with less than NT$ 650,000 in capital and for years was a small little-known local broker in Taiwan. Today we are the dominant player in the securities industry, the fifth largest financial holding company in Taiwan (by 2011 market cap), and a leader that only continues to grow stronger. Our mission is to provide outstanding financial services to our clients through a strong distribution network in Taiwan and overseas. We do this by:

. Cultivating trust and forming lifelong partnerships with our clients in order to assist them in their wealth creation so they can ultimately realize their financial goals.

. Maintaining our credibility as a trusted financial institution, emphasizing corporate governance in addition to financial performance. . Building a Greater-China capital markets platform comprised of a professional financial services team, to make Yuanta the best choice for clients seeking investment and capital raising services in the region. With a business model centered on risk management, Yuanta seeks to create long-term shareholder value by achieving the maximum possible risk-adjusted profitability. We strive to increase our overall competitive advantages, build solid operations, and adhere to corporate governance best practices, and by doing so will continue to benefit all stakeholders of the company.

願景與經營理念 持續深耕台灣, 逐步拓展大中華市場,朝 [ 大中華區優質金融機構 ] 目標邁進 願景: 五十年前,元大只是一家資本額僅六十五萬元的小券商;而今,已擠進台灣前五大金控公司(依2011年底市值排名)。元大並不以現況為滿,一步一步朝自己規 劃的目標前進。 我們將以專業、誠信態度,持續深耕台灣,以強大通路為後盾,進一步拓展大中華資本市場平台,成為兩岸三地企業海內外籌資與金流服務之最佳推手,朝大 中華區龍頭券商及最佳金融服務提供者的目標前進。 使命: 除了強大通路優勢外,元大憑藉著金融專業及差異化的優質服務,成為證券業首選之領導品牌。 元大將:

. 貼近客戶,了解需求,提供最具附加價值之全方位金融理財服務。 . 除了追求營運績效外,遵守法律,確實落實公司治理,成為值得託付及信賴的金融機構 . 整合大中華資本市場平台,建置橫跨兩岸三地之專業金融服務團隊,使元大成為客戶在大中華區投資及籌資最優先的選擇。 元大努力創造長期股東價值,建立以適切風險管理為導向之經營模式,為股東創造風險調整後之最大獲利。除此之外,並致力於整體競爭力的提升,健全企業 營運,推動公司治理,為公司所有顧客、股東及員工開創多贏的局面。



Yuanta is not only the largest securities firm, but the innovative driving force behind Taiwan’s financial services industry Yuanta Financial Holdings (Yuanta) is a diversified financial services provider. The heartbeat of our firm has always been the securities business in which we are the dominant player in Taiwan. In recent years, we have made a solid foray into the banking business where we are now focused on increasing our scale and competitiveness. Furthermore, the current low interest rate environment poses a good opportunity for us to add a third cylinder to our engine by entering the insurance business, allowing us to provide an even more comprehensive array of financial services, not only for investors and banking clients, but clients seeking life insurance products and services as well. The largest broker in Taiwan by market share for nearly two decades, we began to expand outside of Taiwan over a decade ago. Today, we have a presence that expands across the Greater China region and we are poised to continue building on our platform to better serve both individual and institutional clients in brokerage, research, wealth management, and investment banking services.

Dominance in the local market Achieving economy of scale is important, but we seek to not just be bigger, but better Yuanta Securities started in 1961 as one of the original fourteen


元大寶來投信 Yuanta Investment Trust

brokers founded the same year the Taiwan Stock Exchange began operations. While our beginnings were modest, we grew

元大寶來證券 Yuanta Securities 元大證券亞洲金融 Yuanta Sec. Asia Financial Services 元大寶來證券(香港) Yuanta Sec. (Hong Kong)

development of the financial markets in Taiwan and continued to

100% 100% 100% 100% 100%

aggressively acquire other financial firms, including Core Pacific-

43.5% *元大寶來期貨 Yuanta Futures

into the leading broker in the early 1990s by acquiring other local players. Over the years, we played a key role in shaping the

Securities in 2000, in what was the largest merger for the industry at the time. In 2001, regulatory changes allowed for the establishment of financial holding companies (FHCs), ushering in

元大銀行 Yuanta Bank 元大證金 Yuanta Sec. Finance 元大資產管理 Yuanta Asset Management 元大投顧 Yuanta Investment Consulting 元大創投 Yuanta Venture Capital 元大寶來期貨(香港) Yuanta Futures (Hong Kong)

* 元大金控及元大寶來證券各持有元大寶來期貨 43.5%及 25.2%持股. * Yuanta FHC and Yuanta Securities have 43.5% and 25.2% stakes in Yuanta Futures respectively.

a new era for firms to provide comprehensive financial services. In 2005, Yuanta gained management control of Fuhwa Financial

“Complacency” is not in our dictionary

Holding Company and in 2007, merged with the company and

In 2011, we took another large step by completing a merger

renamed it to Yuanta Financial Holdings, becoming the only

with Polaris Securities, one of the top securities firms in Taiwan.

securities-centric FHC in Taiwan. Following this merger, we have

The merger with Polaris brings the complementary strengths of

been able to integrate resources and our distribution network

both firms under one roof, solidifying our dominant position in

across the entire group, enabling us to provide customers with

all key securities-related businesses. The merger allows us to

a more diversified range of financial services.

serve customers even better as we combine the best products


and services of both firms. Our local service network in Taiwan

of banking services. Whether it’s an individual looking for a

boasts an unparalleled 189 securities branches, supported by

variety of savings options or financing a new home, Yuanta is

88 bank branches. No matter how big we become, our focus is

there to assist them. Corporations seeking to borrow money

on not just becoming bigger, but better – with an unswerving

to expand their business turn to Yuanta Bank for financing.

focus on how we can provide better financial services for our customers.

Comprehensive financial services We define our success by enabling our clients to realize their personal aspirations Making sense of financial matters in today’s world is a complex undertaking. That’s why both individual investors and institutional clients rely on Yuanta to provide the right financial products and services to help them navigate the many financial decisions they encounter. Standing alongside our clients as a trusted partner is in fact something we have been doing for the past fifty years, meeting their diverse financial needs and helping

Taiwan’s innovative leader in financial products

them succeed amid an ever-changing financial landscape replete

2009 marked a new era in Taiwan’s ETF market and Yuanta led

with challenges and opportunities. Client relationships are built

the way in pioneering dual-listed ETFs and feeder fund ETFs,

one at a time on a foundation of trust, combined with consistent

both of which allow local investors to participate in Greater

and reliable implementation. We believe we are doing something

China growth opportunities and diversify their investment risk.

right when we realize the relationships we have with many of

We also were the lead underwriter for the first overseas

our clients are, in fact, lifelong partnerships.

company to list in Taiwan in 2010, and in 2011 we led the

One-stop shopping for financial services Quality service has to be backed up by quality financial products.

market in introducing callable bear-bull contracts, a derivative investment product.

When it comes to investing securities, customers not only can

For many years, we have not only provided conventional

enjoy conventional equities brokerage services, but also can

financial services to clients, but also have demonstrated our

choose from a range of other financial services, including margin

capabilities in developing new products that help investors

financing, options, futures and other derivatives, and offshore

succeed amid ever-changing market conditions.

equities through sub-brokerage arrangements. We also provide fixed income products, ETFs, and both in-house and third-party mutual funds. Our customers can also choose from a full buffet


Financial strength

opportunity for us to enter the life insurance business, and this

Financial strength not only helps us withstand uncertain

is a possibility for us as we consider how to further diversify our

markets, but also positions us for further expansion

business and provide even more comprehensive services for our

Financial markets are uncertain, but Yuanta’s balance sheet


remains more rock solid today than ever. In fact, our capital position is among the strongest of any financial institution in

Yuanta Securities’ Number of Branches and Market Share 元大證券分公司家數及市佔率

Taiwan. It is no wonder investors have called us a “safe haven” 145


forty years.

22 10

Our financial strength gives us the luxury of considering the best plan for achieving long-term sustainable growth on our path of



Yuanta has posted positive earnings each year for the past



subsidiaries stands in excess of regulatory requirements and


a concern. In fact, the capital adequacy ratio at each of our



when markets become volatile and balance sheet risk becomes

1 1961






No. of Branches 分公司家數

becoming a Greater China financial firm.



Market Share 市佔率

資料來源: 台灣證券交易所; 中華民國櫃檯買賣中心

Source: Taiwan Stock Exchange; Taiwan OTC

Focused on the future Yuanta will continue to pursue sustainable growth and

Greater China player

greater revenue diversification

Yuanta is on the path to being a Greater China

We are proud of our dynamic past and present market leading

financial services firm

position, but rather than becoming complacent, we keep an

At Yuanta, we have been expanding overseas for many years

unwavering focus on the future and continually ask ourselves

in our effort to diversify our business and capitalize on growth

where we want to go and how to get there.

opportunities. Our focus in the future is to concentrate our

Our future strategy involves keeping our eyes open for

resources even more in the Greater China region.

compelling acquisition opportunities to further enhance our

Yuanta Securities Hong Kong is an established base for our

scale in our core businesses. We seek to strengthen our

regional operations, providing a range of services that include

investment banking operations, continue to grow our Hong

trading platforms, investment banking, in-depth research and

Kong operations in a sustainable way, increase our securities

investment consulting to our regional clients.

borrowing and lending (SBL) scale, and further develop our

We are uniquely positioned to enter the China market in a more

wealth management business. We are working to expand

substantial way. Once further regulatory developments take

Yuanta Bank’s scale in a sustainable way in order to become a

place we will be able to leverage our resources, including our

solid mid-sized, full-service lending organization in Taiwan.

existing platform and experienced team to confidently continue

The current low interest rate environment also presents a good

on our path of becoming the best financial services firm in the Greater China region.











保險領域,以提供股票族、存款族與養老族全方位金融服務。 元大除了在台灣擁有強大通路網域外,近幾年更在大中華區佈建完整及 專業的交易平台,提供投資人兩岸三地投資、籌資、研究諮詢及財富管理等

現今元大坐擁同業中最強大的通路據點;證券189家分公司及銀行88家分 行,加上專業的金融團隊及金融創新能力,元大不只要在規模上做到台灣最 大,專業品質也要做到最好,承諾給予客戶最優質的金融服務。


提供客戶全方位金融服務 共創財富,實現夢想 隨著近年來金融商品愈趨複雜化,如何在訊息萬變的大環境中,做出正確投 資判斷著實不易。過去五十年來,元大一直陪在客戶身邊,藉由精闢、深入的市 場剖析,協助客戶做出正確判斷,累積財富。 這期間,元大與客戶一同面對不同挑戰與機會,許多客戶與元大的革命情感 就在一次次的艱困環境中建立起來,而元大的價值也從中一再被驗證,成為客戶 投資的首選。 提供一次購足的服務 優質的服務仰賴完整齊備的產品線當後盾。元大金控除了提供專業的經紀服 務外,還包括信用交易、選擇權、期貨和衍生性商品等投資管道。客戶亦可透過 複委託來投資海外股票,舉凡創新金融商品、固定收益型產品、ETF及國內外共同

台灣最大證券期貨商 不只最大, 還要追求極致, 做到最好

基金也都是熱門投資標的。除此之外,貼心的銀行服務,不論是儲蓄、房貸、亦 或是企業貸款業務,元大都能滿足不同風險屬性客戶的投資或理財需求。

元大證券(以下簡稱“元大證”)成立於1961年,為台灣證券交易所十四家創 始會員之一。元大於1992年開始展開併購擴張之策略,藉由快速擴增營業據點, 來壯大經營規模。2000年元大證券與京華證券合併,開啟台灣證券史上大型證券 商合併風潮,也為元大證奠定了龍頭證券商的地位。 2001年主管機關開放金融控股公司設立申請,正式宣告大型金融商品百貨化 時代來臨。元大於2005年入主復華金控,2007年合併後並更名為元大金控,成為 全台灣唯一一家以證券業務為主體的金控公司。之後積極整合集團資源並善用強 大通路優勢,提供投資人更多元化的金融服務。

台灣金融創新之領導品牌 2009年是台灣ETF市場國際化元年,元大作為台灣金融商品的領導先驅,率 先引進直接跨境ETF及連結式ETF兩種形式之不同商品,使台灣投資人得以實際參 與大中華區高成長契機,亦達到分散投資風險的目的。第一家外國企業來台第一 上市案即由元大承辦,元大並於2011年領先同業推出 [ 牛熊證 ] 商品。 多年來元大已跳脫單純金融商品提供者角色,成為業界創新金融商品的開發 及引入者。不只具備自行開發交易程式軟體的能力,更可順應金融環境變化、新 商品上架及客戶需求即時調整營運策略。


Capital and Equity 資本額/淨值 (NT$ mn 新台弊百萬元)

在銀行業務上,則維持高度成長動能,在資產品質及風險控管下,擴大資 產規模,邁向中型銀行。持續加強經營績效,強化對公司戶提供量身訂作的金



100,163 108,840


83,530 46,836




8,431 4,284 2.965



Financial Highlights








總資產 Total Assets




股東權益 Shareholders' Equity




稅後淨利 Net Income




每股盈餘 EPS (元) NT$




資本適足率 CAR




雙重槓桿比 Double Leverage Ratio







100 0.65

資本額 Paid-in Capital 1961




2002 Capital 資本額


2011 Equity 淨值

穩健的財務實力 財務穩健除了讓元大安然渡過每一次金融風暴,亦為將來擴張成長積蓄能量 優質資本結構、合理負債比率再加上充足現金流量,使元大得以安然渡過

新台幣百萬元 NT$ mn

負債淨值比 Debt to Equity Ratio 每一次的挑戰。元大金控及每一家子公司的資本適足率都遠遠超過法規的要求 門檻,再加上元大過去未曾虧損的輝煌記錄,為元大贏得〔資金避風港〕之美


譽。 除此之外,雄厚的資本當後盾,使元大得以順勢擴張與成長,朝〔大中華 區優質金融機構〕之路邁進。

元大以成為大中華區優質金融機構為首要目標 元大深耕海外市場多年,足跡遍佈全亞洲。然而近幾年,隨著中國大陸快 速崛起,大中華區隱含無限商機;元大也順勢調整海外策略,全力聚焦大中華

未來發展策略 追求高度自發性成長,業務均衡發展,達到分散收入來源及獲利穩健之目標 身為台灣最大券商及第五大金控公司,元大未曾自滿於現況,反而競競業 業,謹慎思考著下一步。

市場。 近年來,元大以香港為大中華區佈局之重要基地,相繼在台灣及香港佈建 完整交易平台,建構區域性投資、籌資、交易、投資研究及顧問諮詢等服務。 對於中國大陸市場,舉凡資金配置、人才訓育、相關業務之差異到兩岸法







券業務(SBL)規模、發展財富管理業務,期透過範疇經濟效益,達盈餘提昇且 穩定之目標。


Business Performance: The Clear Go-To Leader For Every Type Of Financial Service 台灣金融證券業領導品牌

Securities – Taiwan’s Dominant Leader

Long Margin Market Share 融 資 市 佔 率 (2011) 25.2%

Yuanta Securities (Yuanta) has thrived amidst a highlycompetitive securities brokerage industry in Taiwan. Growing


from a small broker into Taiwan’s largest brokerage brand, we


compete on the back of our strong branch network, professional

19.9% 8.9% 6.7%





employees and innovative financial products, all of which work to deliver superior service to our customers. 元大*

Brokerage Market Share 經 紀 市 佔 率 (2011)



Yuanta Polaris KGI








資料來源: 台灣證券交易所; 中華民國櫃檯買賣中心

Source: Taiwan Stock Exchange; Taiwan OTC


* 元大證券與元大證金合計市佔率

10.7% 7.9%


The combined market share of Yuanta Sec. and Yuanta Sec. Finance





Securities Finance Yuanta Securities Finance is the leading professional securities financing provider in Taiwan, and Yuanta Securities is the largest




Yuanta Polaris KGI


永豐金證 群益金鼎

Fubon SinoPac Capital

資料來源: 台灣證券交易所; 中華民國櫃檯買賣中心

Source: Taiwan Stock Exchange; Taiwan OTC

among securities firms. With our combined position in margin lending, we maintain the single largest source of shares available for investors to borrow for short-selling. In 2011, we controlled 25% market share in margin financing and 37.8%


in securities borrowing and lending business.

Yuanta is the dominant securities firm in Taiwan and in 2011 we controlled 14.7% market share in brokerage services. For

Online Trading Market Share 19.4%

decades we have competed on the quality of services we offer rather than solely on price. Our service is backed by an extensive

電 子 下 單 市 佔 率 (2011)





distribution network of 189 brokerage branch offices in Taiwan, while over one million brokerage customers choose to partner with us for their brokerage needs. Not only do investors







SinoPac Capital



appreciate our service quality and efficient execution, but in 2011 we also received the first place ranking in the securities industry for professional brand appeal, an award given by Business Today media group.




Yuanta Polaris

資料來源: 台灣證券交易所; 中華民國櫃檯買賣中心

Source: Taiwan Stock Exchange; Taiwan OTC



Bond Underwriting Yuanta’s success in the bond underwriting business comes from our vigilance in anticipating market trends and understanding how to appropriately adjust strategy or sales channels in order to best meet the needs of our customers. In 2011, we performed a total of NT$101.5 billion in bond underwriting, or 20% market share. Investment Banking Market Share 承 銷 市 佔 率 (2011) 20.7% 15%


13.1% 11.1%



8.9% 5.8%


Investment Banking Yuanta boasts the largest and most experienced investment banking team in Taiwan and has undertaken a wide range of innovative deals. In 2010, we were the lead underwriter in the



Yuanta Polaris




Grand Cathay



Fubon Capital

資料來源: 台灣證券交易所; 中華民國櫃檯買賣中心

Source: Taiwan Stock Exchange; Taiwan OTC

initial public offering by Integrated Memory Logic (IML), the first primary listing in Taiwan by an overseas company. Other


landmark cases have followed, including listings for TPK Holding,

We are also the market leader in derivatives issuance and

Gourmet Master (owner of 85° Café coffee shops) and AirTAC

trading, issuing warrants valued at NT$68.3 billion in 2011,

International. In 2011 we underwrote a total of NT$28.7 billion,

or market share of 26%. We are always thinking how we can

equivalent to a market share of 20.7%. Our strength in

better serve clients. In 2011 we issued the first callable bull-bear

investment banking has been recognized by both global

contracts (CBBC) in Taiwan, a derivative product designed to

institutional investors and the international media. In 2011,

give our clients another financial tool at their disposal.

Asiamoney magazine awarded us as the Best Domestic Equity House and FinanceAsia magazine recognized us as the Best Investment Bank in Taiwan.



Futures & Options - Dynamic Innovation

Yuanta Futures’ branches are widespread throughout Taiwan,

Since Q1 of 2010, the futures and options trading volume in

encompassing 500 outstanding personnel that hold nearly one

Asia has been the highest in the world. It is the only industry

hundred futures licenses to conduct business in Mainland China.

that has the long-short advantage of multi-sector products across securities, non-securities, commodities and foreign currency instruments. The TAIFEX currently ranks 17th in the world in terms of total futures trading volume. Yuanta Futures currently dominates the Taiwan market in respect to domestic futures and options, foreign futures, market making, futures consulting, CTA funds, total assets, total book value, paid-in capital and EPS. Yuanta Futures continues to provide its clients

Yuanta Futures has received awards for “Outstanding Merchant in the R.O.C.”, “Top 10 Outstanding Enterprises of the Year” and “Top 10 Outstanding Managers of the Year”, etc. Such merits are well earned and Yuanta Futures hopes to continue on its innovative path in changing the financial fabric within the Greater China region. Yuanta Futures continues to implement strategies that better enable trading risk diversification, intraday real-time monitoring and instant dynamic adjustment, as well as strengthen its risk

with unrivaled services to go with cutting-edge products to keep

management procedures and systems. These are some of the

them ahead of the game.

main reasons that have made Yuanta Futures the top futures

Futures Trading Market Share

trading company for 12 consecutive years. In taking a unique

期 貨 市 佔 率 (2011)

approach to recruit talent and expand sustainable earnings,

18.0% 10%



Yuanta Futures successfully organized a trading simulation

9.2% 7.2%



competition to attract adept traders to the company as well as 4.5%

to expand its trading scale by leveraging the event participants. By fully utilizing its resources and thinking out of the box even in



Yuanta Polaris


永豐金期 群 益 期


SinoPac Capital Jih Sun


its recruitment methods, Yuanta Futures continues to innovate in Taiwan’s futures market.

資料來源: 台灣期貨交易所

Source: Taiwan Futures Exchange

In 2010, Yuanta Futures and Everbright Futures signed a M.O.U.

Yuanta Futures was the first futures company listed on the

while Yuanta Futures also became the first Taiwanese FCM to set

Taiwan OTC Exchange in 2007. Yuanta has since led the Taiwan

up a subsidiary in Hong Kong. In 2011, Yuanta Futures signed a

futures market with an average EPS of NT$ 2.5, and a 20% or

bilateral consulting agreement with Everbright Futures in

more ROE ratio over this time. According to Futures Magazine in

providing comprehensive services including IB Consulting, IT

December 2011, 95% of all client margins are deposited at top

Technology and Investment Asset Management. By forming a

20 futures companies. Yuanta Futures ranked as 18th in the US

key strategic alliance, Yuanta Futures is one step ahead of its

in terms of consumer segregated fund. With a rock solid balance

competitors and has begun setting its pieces in place for further

sheet and efficient risk diversification strategies at its disposal,

expansion into Greater China.

Yuanta Futures provides its domestic and foreign investors a safe trading environment to go along with strong financial support.


Investment Trust - ETF Powerhouse

The top ETF management company in Asia

Yuanta Securities Investment Trust (Yuanta ITC) is currently the

In 2003, Yuanta ITC received approval to issue the first ETF, the

largest fund management company as well as the biggest ETF

Polaris Taiwan Top 50 Tracker Fund, then followed suit with an

issuer in Taiwan. As Yuanta’s business scope has expanded, its

ensuing issuance of the W.I.S.E. Polaris CSI 300 ETF as well as

research team has also expanded and is more versed in the

the listing of the Polaris Taiwan Top 50 Tracker Fund on the

global market than ever.

Hong Kong Stock Exchange. Yuanta ITC has received the accolades of "ETF Manager of the Year" for three consecutive

AUM Size NT$bn 基 金 資 產 規 模 ( 新台幣拾億元) 300

years from Asia Asset Management Magazine. Asian Investor Magazine has also attributed the "ETF Performance Award for


200 100

years and "CEO of the Year for Taiwan" for four consecutive






Asia" to Yuanta ITC from 2009 to 2011. 96

Robust research team 元 大 投信 寶來投信 群益投信


Yuanta Polaris Capital

Fuh-Hwa JP Morgan FSITC



資料來源: 投信投顧公會; 日期: 2011年12月31日

Source: SITCA; Data as of December 31, 2011

Yuanta ITC has nearly one hundred fund managers and analysts working together to carefully monitor the intricate macro aspects of the global economy, trends tied to the greater China market, the global stock market, CTA, indexed products as well

The largest fund management company

as the fixed income market. With resources and support from

Yuanta ITC manages a total of NT$ 279 billion in mutual funds

Yuanta Financial Holdings, Yuanta ITC can readily quantify the

with a market share of 16.1%, more than the second and third

global landscape of the changing financial markets.

players combined. Yuanta ITC currently has NT$ 333.4 billion in total assets under management including discretionary funds. Among its mutual fund clients, 74,000 of which utilize Yuanta’s investment plans for its practicality in diversifying risk. Regular Savings Plan (RSP) amounts to nearly NT$ 410 million, equating to a market share of 11.3 %.

The best cross-strait asset management company As cross-strait financial regulations loosen within the Greater China region, a tremendous opportunity presents itself for Yuanta to secure a key growth point within the global market. In 2011, Yuanta ITC formed a joint-venture with SZITIC, staking the maximum limitation of 49% ownership in the firm. Within the same year, Yuanta obtained a Qualified Foreign Institutional Investor (QFII) investment quota of US$ 100 million, allowing for direct investment in A-shares of China-listed companies. With Taiwan expertise and experience, Yuanta ITC is not content with just being the leader in Taiwan’s investment trust industry, but aspires to be the top asset management player in all of Greater China.


Banking – Heartfelt Service and Client Focused

In 2011, loan coverage, loan loss coverage, and NPL ratios were

Yuanta Bank was founded in 1992. In 2003, we began to

1.3%, 674%, and 0.19%, respectively. This indicates that the

expand our branch network by acquiring a number of credit

bank is able to maintain top asset quality within the industry.

cooperatives. In 2010 we added 18 additional branches by acquiring Chinfon Commercial Bank. Currently, we are a midsized bank with 88 branch locations throughout Taiwan and assets of over NT$ 500 billion. In order to remain competitive, we actively seek opportunities to continue expanding our banking operations and services.

At Yuanta Bank, we've adopted a conservative risk management strategy from an operational standpoint, while also offering innovative products and services to further diversify our business and spur development. We exhibit our innovation in a variety of areas, including depository services, institutional banking, retail banking and financial trading services. In addition to enhancing  our client development capabilities, we act as an across-theboard solutions provider for integrating financial services. This creates synergies, enhancing profits and maximizing benefit to shareholders. In regards to client development, the bank's first line of focus is providing tailor-made products and services to high contribution clients. Our next priority is to expand the scale of our customer base by cooperating with other subsidiaries within the Yuanta umbrella. As an example, we have been able to increase our deposit base by leveraging securities settlement deposits from Yuanta Securities' clients in addition to our regular deposits.  This helps to broaden our customer base and boost growth of our financial services. Furthermore, we make use of group

In recent years, our management team has implemented new systems while restructuring business operations by relocating

analytics, product marketing differentiation and developing niche products, all of which focus on fulfillling client needs.

selected branches, which has served to use company resources

We're focused on the future and we aspire to be the premier

more efficiently. At the end of 2011, total deposits at the bank

financial institution in the Greater China region by providing

were NT$ 443 billion and loans outstanding stood at NT$ 353

unmatched financial services while continuing to cultivate the

billion, an increase of 13% and 22%, respectively, over the

domestic market.

previous year. Cumulative earnings before tax was NT$ 2 billion, growing 18% from the year prior.


Venture Capital


Yuanta Venture Capital's primary business is to manage

證券業務 – 台灣龍頭券商

investments in a variety of companies, including domestic and foreign technology companies, those in manufacturing and service industries as well as those of other venture capital businesses. Acting as an investment bank for these businesses, we are able to provide additional services such as management consulting services and funding or financial services by integrating resources among the entire Yuanta group.

證券業在台灣是個相當競爭的行業,但元大寶來證券(以下簡稱“元大證”) 能從一家小券商,不斷成長茁壯,領先群雄,憑藉的是強大通路能力、專業團 隊及金融創新能力,才能提供客戶差異化的金融服務,從同業中勝出,至今成 為台灣最大的綜合證券商。

經紀業務 2011年元大證(含合併前之寶來證,以下皆同)全年經紀市佔率14.7%, 市場排名第一。在經紀通路之經營,元大證向來以服務取勝,重視客戶附加價

Asset Management The main operations of Yuanta Asset Management consists of acquiring loans from financial institutions; assessing, managing and conducting the sale of bad loans; accounts receivable factoring and managing overdue accounts receivables. In the future, Yuanta will put a new focus on real estate asset management in order to differentiate itself from other asset management companies. Currently, for the process of bidding on and handling non-performing loans, Yuanta Asset Management seeks to speed up the removal of non-performing loans and is actively transforming itself into a comprehensive solutions provider for this process. Yuanta AMC currently acts as a third party in matching fund users with fund suppliers for the time when non-performing loans are released from financial institutions or asset management companies. This function aids

值的提升。189家證券營業據點遍佈全台,超過百萬客戶選擇元大證做為其投資 交易的最佳夥伴。元大證不論在服務品質、下單便利性及高知名度等方面均獲 得投資人的肯定。2011年榮獲今周刊「商務人士理想品牌大賞」服務類綜合券 商第1名。

信用交易 / 外資借券業務 元大證金為台灣首家證券金融專業機構,而元大證為首家自辦融資融券證 券商,目前二家合計擁有全證券市場最充足的券源,不只在融資券業務市佔率 遙遙領先同業,在外資借券業務上,也保持業界第一。 2011年合計融資市佔率25%,外資借券業務市佔率37.8%,穩定領先其他 同業。

投資銀行業務 元大證在投資銀行業務方面,具有創新的視野,並引領業界開創新局,所

third parties in overcoming regulatory obstacles tied to non-


performing loans and helps inject new life into non-performing


loans (NPLs), and by doing so, adds value to these assets.

均為市場代表作,案件品質深獲市場高度認同。 元大證2011年承辦案件總承銷金額合計新台幣(下同)287億,市佔率20.7%, 市場排名第一。同年更榮獲國際財經權威媒體亞元雜誌 (Asiamoney) 之台灣最佳 承銷商、金融亞洲雜誌 ( FinanceAsia) 台灣最佳投資銀行之獎項。


債券業務 元大證向來針對市場變化與客戶需求,適時修正承銷策略及調整銷售通路, 加上本身具備良好的配銷能力,並與發行公司及同業維持良好合作默契,使得歷 年在債券承銷金額及承辦案件數,始終名列前茅。2011年債券總承銷金額為 1,015億元,市佔率20%。


占率、自營獲利、期顧、CTA基金、資產、淨值、股本和獲利等均位居龍頭, 元大期貨將以穩健經營提供投資人最佳服務。

首家上櫃期貨公司,財務穩定健全發展 元大期貨於2007年成為台灣首家上櫃之期貨公司,歷年來平均每股獲利皆 超過新台幣2.5元,股東權益報酬率(ROE)更超過20%,長期穩居台灣期貨市場 龍頭,令同業難以望其項背。依2011年12月 Futures Magazine 資料顯示,全球







證仍將持續開發新型態之權證商品,提供投資人更豐富多元化的理財商品新選 擇。

人才匯聚通路最多,創新業務價值服務 元大期貨分公司遍布北中南全台據點最多,500位優秀人才及近百張的大 陸期貨證照,歷年來團隊屢獲外界肯定,於2011年榮獲第十一屆中華民國證券 暨期貨金彝獎之「傑出企業領導人獎」及「傑出期貨人才」、第六十五屆「中 華民國優良商人獎」、第九屆金炬獎之「十大績優企業」及「十大績優經理人」 等多項大獎。

長年自營獲利奪冠,創新徵才召募培育 元大期貨持續運用策略互補,分散自營交易風險,在盤中即時監控並彈性 動態調整,強化自營風險管理與系統功能,並繳出連續12年自營獲利奪冠的亮 麗成績。在人才部分,也打破傳統自營徵才方式,透過舉辦電玩競賽成功培育 優秀操盤人,系統化培育和發展策略模組,以擴大交易規模獲取穩定獲利。

首家成立香港公司,布局兩岸三地市場 元大期貨於2010年與光大期貨簽署戰略合作意向書,於同年12月為台灣首

期貨業務 – 金融創新之領導品牌 自2010年第一季起,亞洲期權業務量已正式超越北美位居龍頭,由於期貨 業是台灣唯一橫跨有價證券、非有價證券、大宗物資、外匯等多空皆宜之產品

家設立香港子公司,並於2011年與光大期貨再簽定雙向顧問協議,實質進行 「三愛(I)」業務合作,包含IB諮詢顧問、IT科技、Investment資產管理(含Trading及 CTA基金),未來將以多元化的業務經營實力,一同拓展兩岸三地市場。

優勢,而台灣期貨交易所名列全球第17大,是台灣所有金融業中唯一排名超越 鄰近新加坡和香港國家,由此可見期貨業之發展不容忽視。元大寶來期貨(以 下簡稱“元大期貨”)自2012年雙強合併後,不僅公司規模大幅超越同業,亦是 台灣期貨業界十冠王, 包含國內期貨市占率、國內選擇權市占率、國外期貨市


投信業務 元大寶來投信(以下簡稱“元大投信”)是全台灣基金規模最大的資產管理 公司,也是最大的ETF 發行公司。元大投信擁有最堅實的研究團隊,歷年來在海 內外基金績效表現優異,為投資人創造穩健績效,並屢獲各大獎項,成為台灣 資產管理業者之表率。

台灣最大基金管理公司 2011年底元大投信旗下公募基金總規模達2,790億元,市佔率達16.1%,穩居 業界第一。旗下之基金規模更超越第二名與第三名基金規模之總和。而加計全權 委託業務之總資產規模則達3,334億元。元大投信之總受益人人數逾34萬人,市佔

長期目標 – 兩岸三地最佳資產管理公司 隨著兩岸金融政策的逐步開放,國內金融業者已經將開發中國市場,視為 未來攸關各家公司營運成長的另一主要關鍵。 元大投信在西進的動作上也相當積極,2011年與華潤深國投信託有限公司 (以下簡稱”華潤信託”)合資,成立華潤元大基金管理有限公司。註冊於中國 深圳市,元大投信及華潤信託出資比例分別為49%及51%,創下台灣合資申請 設立大陸基金管理公司持股比重最高之首例。 同年亦獲得中國主管機關核准QFII資格,正式取得QFII額度1億美元,旗下 基金將可直接投資A股。

率高達18.4%。而每月定期定額扣款人數達7.4萬人,扣款金額逾4.1億,市佔率達 11.3%。業界龍頭地位不言可喻。

未來將以台灣的人才和經驗為基石,跨足中國大陸市場,使元大投信不僅 是台灣投信業的領導品牌,長期更將成為華人資產管理業的領導品牌,讓客戶



元大投信於2003年率先推出台灣首檔ETF,並於2009年首開兩岸三地本土 基金公司之先例,完成台港ETF交互掛牌之壯舉,亦將香港連結A股的標智滬深 300ETF引進到台灣交易所上市,可說是台灣金融創新與國際化之先鋒。 元大投信在ETF領域卓越之表現,連續三年奪下亞洲資產管理雜誌Asia Asset Management 之最佳ETF管理公司大獎,連續四年榮獲(2007,2008,2009,2010)台 灣區最佳基金公司總經理大獎,2009至2011年連續三年榮獲亞洲投資人雜誌 Asian Investor 之亞洲區最佳ETF管理公司獎。

陣容堅強投資研究團隊 元大投信擁有台灣最堅實的投資研究團隊,包括經理人及研究員逾百位,研 究範圍涵蓋總體經濟、大中華市場、全球股市、期信、指數商品、固定收益等六 大類市場。加上元大金控集團研究資源之奧援,包含證券、期貨、投顧等,更有 助於元大對市場趨勢之研判與掌握更加精準。透過十多種的資訊平台、軟體及資 料庫等系統,即時掌握全球財經資訊變化,兼具廣度及深度,使投資效率達到最 高。


警語:本基金經金管會核准或同意生效,惟不表示絕無風險。本公司以往之經理績效,不保證本基金之最 低投資收益;本公司除盡善良管理人之注意義務外,不負責本基金之盈虧,亦不保證最低之收益。投資風 險詳細資料與申購基金應負擔之相關費用,已揭露於基金公開說明書,投資人申購前應詳閱基金公開說明 書。本公司或銷售機構有公開說明書備索,或至本公司之網址(、基金資訊觀 測站查詢(。[ 元大寶來投信獨立經營管理 ]


銀行業務 – 用心服務,客戶優先









戶需求。 近年來,在經營團隊積極推動各項制度與業務改革、服務流程優化以及據






分別較去年同期成長13%及22%,累計稅前盈餘達20.45億,較去年同期成長 18%。

創投業務 元大創投主要辦理對國內外科技事業、一般製造業、服務業及其他創投事 業之投資管理業務。其以投資銀行之全方位角度進入科技產業投資經營。將與 財顧、證券、銀行等集團成員合作,除對被投資事業直接提供資金外,亦將整 合金控集團資源,引介可提供資金及金融服務之機構,提供企業經營管理諮詢 服務,期能為被投資事業創造最大企業價值。

資產管理業務 元大國際資產管理公司主要營業項目包括金融機構金錢債權收買業務、及 辦理金融機構金錢債權之評價或拍賣業務、及管理服務業務、應收帳款收買業 務、逾期應收帳款管理服務業等各項業務。 未來將以不動產資產管理業務為範圍,藉與其他資產管理公司建立差異化 策略。目前在標購及處理不良資產方面,除加速去化所持有不良債權部位外, 元大銀行不只在經營體質上有所提升,它的資產品質更是居於業界優質水

已積極轉型為不良資產『解決方案提供者』(Solution Provider )之角色,對於



元大銀行採取穩健的經營策略,在風險控管的前提下,積極創新,並致力 於提升多元化的產品與服務,在存款、法金、個金、理財及金融交易等各項 業務,皆均衡發展。在追求業務穩定成長、提升市場地位之餘,仍持續強化 客戶開發能力,厚植營運基礎,透過集團資源之運用,整合全行業務,提供 客戶一次購足之便利,充份發揮經營綜效利基,進而提升獲利與創造股東最 大之利益。


需求者之橋樑,協助第三人解決不良債權之法律障礙,並引進資金活化不良資 產,增加資產之附加價值。

Yuanta Financial Holdings: Serving Our Customers Is At The Heart Of Our Business 元大堅持不變的原則-「以客為尊」

Client Services 客 戶 服 務 Serving our customers is at the heart of our business. Whatever task we apply ourselves to, whether that be financial product design, building a better distribution platform, or the quality of our service, we put customers front and center. By integrating both resources and professional staff from our entire organization, we are able to provide customers with a comprehensive range of services and innovative products, and personalized service in Taiwan and across the region. 元大金控秉持 「以客為尊」的思維出發, 從產品設計、通路平台、服務品質等面向皆以客戶需求為優先導向。輔以完整的金融服務版圖、廣泛的海內 外通路優勢、專業的經營團隊與創新的產品研發能力,藉由各種專業人才及業務資源之高度整合,提供客戶多元化、更完整及具差異性的優質金融服務。

Securities Brokerage Business Strong and extensive network A financial holding company with the securities business at our core, we provide customers with the strongest and most extensive branch network in Taiwan. Individual customers can enjoy financial services at any of our 189 branches, and access banking services at 88 locations. We have also aggressively built up our capabilities to service institutional clients, providing the sales and support they need to succeed. Greater China platform

Financial innovation

of products for them to select from.

We have led our competitors in establishing

Yuanta Securities is an innovator of

In fact, Yuanta Investment Trust was

a trading platform and research team that is

cutting-edge financial products. Not only are

Taiwan’s first asset management company

focused on the Greater China region. In

we a trendsetter in product design, but also

with a dedicated investment research team

2011, our team was ranked as the 2nd best

the leader in financially-engineered products.

for these types of products.

research team in Taiwan by Asiamoney

We are the largest player in derivatives, both

magazine, and we also were ranked as the

as a market-maker and in trading volume for

18th best research team in the entire

the futures and options markets.

Asia-Pacific region by Institutional Investor magazine, and the only Taiwanese firm to place in the top twenty.


We are also the dominant leader in online trading, not only excelling at developing proprietary trading software, but also

In asset management, we not only provide

ensuring robust security features, quality

institutional clients with financial engineering

service, and the fastest transaction speeds

investment services, but also provide a series






元大金控(以下簡稱“元大”)係以證券投資 服務為主體之金融控股公司。 旗下子公司元大寶來

新,是多項新商品的原創者,財務工程團隊除商 品設計外,亦有穩定的避險及套利交易能力。









效,以提供客戶最便捷與專業之金融服務。 而元大證在電子交易之技術居業界翹楚,不僅 兩岸三地服務平台








評選為「台灣最佳研究團隊」第2名,也同時榮獲機 構投資人雜誌(Institutional Investor)評選為亞洲區 最佳研究團隊排名前18名。是台灣地區唯一進入前 20大排名之研究機構。

Customer testimonials

客 戶 薦 言 I was one of Yuanta’s first customers, and in fact, my account number was in the single digits. As I look back over the past 50 years, the founders overcame many obstacles and were able to inspire others by their determination. At that time, I opened many accounts to see what the service and efficiency was like at different brokerage firms. Yuanta ended up being my choice and I have never regretted it. Yuanta has been very reliable and at all levels the staff has been remarkable in their sincere and hardworking attitude, and disciplined and efficient approach, taking the time to understand customers. This is a big attraction for new and old customers alike, myself included. For the past 50 years, Yuanta has truly been a long-term partner, and I have never wanted to switch to another brokerage firm. 我是在元大草創初期加入,我的開戶號碼是個位數,想起50年前創辦人賢伉儷的艱苦經營,敬業精神令人感動。當時我在很多券商都有開戶,我要 測試各券商的服務、內部控管及效率如何,我覺得元大是我想要的,元大是可靠且可信賴的券商。他們的團隊由上到下,那種拼幹的精神,那種上下一 心的態度,對事情認真、執著、有紀律、有效率,對客戶的態度相當和善,使得客戶被他們所吸引,我就是其中一個。因此,這50年來我不願意到其他 地方,元大是我可以長期跟他們在一起的。我以資深元大投資人為榮。 Mr. Tien Szu Wang 王 天賜


Banking Business

銀 行 業 務

Yuanta has always operated with a customer-centric approach that is focused on continual improvement in service quality. Our competitiveness in financial services is also enhanced by our commitment to protecting personal data. We proactively invested resources and personnel in order to comply with relevant provisions of the Personal Data Protection Act, established personal data safety measures, and as a sign of the robustness of our information security management system, in January 2012, became ISO27001 certified, passing with zero aberrations. 元大一向以顧客需求為導向,同時致力於服務品質之提升。本著提升金融服務競爭力及保護客戶資訊隱私,除已率先投注資源與人力以遵循「個人 資料保護法」相關規定,建立個人資料保護安全措施外,更於2012年1月以零缺失通過ISO27001資訊安全管理標準認證。

both helping our employees develop their professional skills, and continually seek to improve the level of service we offer. For example, we recently began providing extended banking hours at key branch locations, realizing that many of our customers have demanding schedules that

提升通路便利性與服務效率 台灣銀行業競爭激烈,元大銀行透過提升銀行 據點之便捷性,並結合強而有力的元大證通路,形 成同址營業,將可提供客戶更便捷與多元之金融服 務。元大銀行致力於各項服務流程之效率提升,加 強人員之專業培訓,堅持高標準服務品質,以強化

require banking services at unconventional




In 2008 and 2010, Global View Monthly magazine ranked Yuanta Bank third and fifth

每一步。 元大銀行於2008年及2010年遠見雜誌所公佈的

place, respectively, in their “service industry


survey.” And, in 2011, Business Today


magazine selected Yuanta Bank as fourth Bank branch convenience and

place in online banking, in their 4th edition

efficient service

of the "Best Brand for Business People"

We operate within an intensely competitive


務人士理想品牌大賞》調查中,深獲商務人士青睞, 獲得服務類-網路銀行第四名。 集團業務資源整合 建立銀行與證券業務整合機制,透過團隊交流、

banking sector, forcing us to continually ask how we can better serve customers. Over

Integration of resources


the years, we have relocated some bank

Integration across our banking and securities


branches for greater convenience for

platforms takes place by cross-team

customers and in order to benefit from

communication and a combination of

aligning with the strong branch network of

marketing resources. This enables us to offer

Yuanta Securities. We are committed to

customers more comprehensive planning and financial management services.


Customer testimonials

客 戶 薦 言 When our (CLEVO Group’s) Buynow Shopping Mall in China was expanding, our employees were spread throughout the country and it was difficult for them to open accounts. Yuanta Bank helped make the process smooth by having one contact channel that coordinated with Yuanta’s securities and trust departments, and met with the department managers from our firm, which ultimately helped our employees with their banking needs. This level of service left a lasting positive impression on our management team. … 過程中,因本集團大陸百腦匯商場屬成長擴張階段,員工多分散大陸重要省市,開戶實屬一大難事,為利整體流程之順愓,由元大 銀行營業部為窗口統籌協調信託部等部門及元大證券配合本公司百腦匯事業群部門主管開會時間,至大陸各地協助本公司員工開戶相關作 業,過程中不但讓本公司百腦匯各主管不因此事而影響處理公事時間,亦也減少員工舟車勞頓之辛苦,整體過程實讓員工深感元大金控服 務之貼心及用心。 Mr. Tien-Jung Yu, Senior Vice President


藍天集團行政管理中心 資深副總 游 添榮

In the important phases of our cross-strait expansion, Yuanta has provided very professional and efficient corporate financial services. Yuanta Bank has exhibited an enthusiastic attitude and full support at all levels of operations. This has left a deep impression on us and has laid a strong foundation from which to continue working together long-term. 感謝元大銀行在誠品兩岸三地佈局的重要發展階段中,提供了非常專業又具效率之企業金融平台服務,元大銀行所展現之積極服務態 度與經營階層之全力支持,除讓誠品印象深刻之外,更加強深化了彼此長期合作之互惠與信賴基礎。

Miss Wen Chieh Wu, Vice Chairperson

Eslite Corp.

誠品集團副董事長 吳 旻潔

Yuanta Bank has a deep knowledge of the corporate and manufacturing environment, and is willing to go to great lengths to meet customer needs. They have earned our respect by their continuous improvement in the quality of services and hardworking attitude. 元大銀行對企業及產業均能夠深入瞭解,並願意充分滿足客戶的需求,提供公司財務部相關資訊;持續提升服務品質而且認真進取的 銀行,絕對值得我們給予掌聲! Mr. Charles Liu, Chairman

Jarllytec Co., Ltd.

兆利科技工業(股)公司 董事長 劉 光華

A day after I contacted Yuanta Bank they came to take photos for an appraisal, even coming down to Hsinchu to pick up documents from me, and that really impressed me. Four days later, the assistant manager contacted me to tell me that the entire mortgage loan process had been finalized, in what turned out to be a completely stress-free process. I was very happy with their service and efficiency. This experience made me want to use Yuanta Bank as my main bank, and I have already transferred over my time deposit savings and mutual fund accounts, and recently also opened up a gold savings account. 元大銀行在我們連絡後的隔天便前來拍照估價,更專程到新竹找我收取相關文件。為了處理我的案子而來回奔波台北新竹之間,這份誠意讓我深深感 動。四天之後,簡襄理更通知我貸款程序已經完成,讓我毫無壓力的趕上交屋進度。元大銀行的服務與效率,真令我感到十分滿意。 這次經驗讓我願意與元大銀行有更進一步的往來。現在,除了定期存款與基金投資都已轉至元大為主要往來銀行外,最近也完成黃金存摺開戶。元大 銀行的服務專業與用心,真的令人印象深刻。 Mr. Mike Chen, Jhongsiao Branch customer 忠孝分行客戶 陳 東亮


Futures Business

期 貨 業 務

Yuanta Futures was the first to introduce CTA funds, providing an innovative touch to Taiwan’s financial markets. By improving the strength of its sales teams in expanding domestic and foreign futures, along with its options and equity businesses to its 3 million targeted fund clients, Yuanta Futures was able to create a unique business chain model that enables investors to formulate trade strategies and systematically allocate their assets. 由元大寶來期貨(以下簡稱“元大期貨”)顧問引進全台首檔CTA基金,藉由在台灣金融市場的獨特性,提升業務團隊的附加價值,廣耕全台300萬 基金客群,並延伸至國內外期貨、選擇權和股票的業務拓展,打造一個專屬業務價值鏈,協助投資人進行策略交易和資產配置。

With a history of providing excellent

Yuanta Futures has obtained the most

services and technology, but truly

around-the-clock service for the past 18

international exchange memberships in

substantiates the benefits of information

years, Yuanta Futures has the most number

Taiwan, including memberships to the CME,

technology through its trading platforms.

of branches throughout Taiwan with 500

the CBOT, the NYMEX, the COMEX, the

capable personnel in possession of

SGX, the EUREX, and the TOCOM, etc. We

approximately one hundred Mainland China

serve products in 8 major sectors including

Futures Licenses, enabling us to conduct

energy, precious metals, non-discretionary

business in Mainland China. We currently

metals, agriculture, stocks, bonds, interest

provide a zero-lag-time trading platform

rates and foreign currencies using a 24-hour

that optimizes the customers’ trading

global trading platform as well as provide

experience and caters to their every need.

in-depth research communications. In

We currently have 255 business channels,

addition, Yuanta Futures’ professional

including our IB (Introducing Brokers)

consultants have hosted over a thousand

partners, to provide viable physical

forecast seminars to highlight the latest

transaction points along with the best

commodity products and trends currently in

services for our clients.

the market.

US$ 41.3 billion in 2000. Growing 676% within the last decade, the scale for CTA funds is now up to US$ 320 billion, demonstrating its uniqueness as a financial product and showing just how much demand has increased for them. Yuanta Futures introduced the first CTA fund in Taiwan, the Polaris MF Multi-Strategy Futures Trust Fund, and despite having moderate volatility and risk tolerance; it has outperformed 600 other domestic funds in Taiwan. The intuitive nature of its long-short

Yuanta Futures provides multiple trading

strategy along with its accession towards

platforms for various types of investors with

long-term returns has enhanced the

distinct risk appetites. As trade speeds

customers’ perception of asset allocation,

enter the “millisecond era,” Yuanta Futures

foreign futures and stock configuration.

continues to strengthen its trading platforms

Yuanta Futures has been a game changer

by employing sound, original information

in the CTA fund market with its innovative

and optimizing its high frequency platform

vision and deliberate execution.

usage capabilities. In catering to high profile domestic and foreign institutional investors, Yuanta Futures not only provides professional


The global volume of CTA funds stood at

效率化銷售通路 元大期貨分公司遍布北中南全台據點最多, 500位優秀人才及近百張的大陸期貨證照,連續18 年24小時不打烊之服務,提供客戶零時差交易環境, 滿足不同客群需求,加上證券IB夥伴全台共255個營 業據點,具有完整通路體系的經營能力與傳導服務 經驗,創造實體通路的高單點銷售及虛擬通路的便 利服務,提供投資人最佳服務。

全球化產品服務 元大期貨取得市場最多國際交易所會員資格, 包 括 CME、 CBOT、 NYMEX、 COMEX、 SGX、 EUREX、TOCOM等,服務範圍擴及能源、貴金屬、 基本金屬、農產、股票、債券、利率和外匯八大類 產品,提供台灣投資人24小時跨國交易平台和研究 報告。除此之外,元大期貨顧問每年舉辦超過1,000 場巡迴投資講座,擁有最優秀的師資團隊,帶領投 資人掌握全球熱門商品趨勢。

差異化財富管理 2000年全球CTA基金規模為413億美元,至今已 逼近3,203億美元,近十年成長高達676%,足以見 得CTA基金的產品特性及擴張速度實力不容小覷。



元大期貨針對不同投資族群,提供 Easy Win、











Customer testimonials

客 戶 薦 言

Yuanta Futures is strong in its IT and support and its multiple trading interface system makes for efficient and convenient trading, naturally helping our traders with their performance. We [Horizon Securities] saw fast growth in the second quarter and we couldn’t have achieved that without Yuanta. I’m confident that Yuanta will continue to stand out as a winner. 元大寶來期貨在資訊方面提供強而有力的奧援,提供多 元的下單界面,大大提升作業效率和增加便利性,自然能讓 營業同仁的業績成長。 宏遠今年第二季的業績能如此快速成長,元大寶來期貨 的支持功不可沒。我們相信贏家會不斷創造贏家...

平台,藉以開發國內外法人專業投資機構及VIP大 戶,提供專業技術服務,並開拓IT週邊服務效益。

警語:本期貨信託基金經金管會核准,惟不表示本基金絕無風險。本 公司以往之經理績效不保證本基金之最低投資收益;本公司除盡善良 管理人之注意義務外,不負責本基金之盈虧,亦不保證最低之收益。 本文提及之經濟走勢預測,不必然代表本基金之績效。投資風險詳細

Mr. Zhen-Long Bai, Senior Vice President, Brokerage Division - Horizon Securities 宏遠證券 經紀業務處 資深副總

白 鎮龍

資料與申購基金應負擔之相關費用,已揭露於基金公開說明書,投資 人申購前應詳閱基金公開說明書。本公司或銷售機構有公開說明書備 索,或至基金資訊觀測站查詢(。


Investment Trust Business

投 信 業 務

Yuanta Securities Investment Trust is the leader in Taiwan’s asset management industry as the largest provider of domestic equity and index funds. We leverage our leading position to provide investors with one-stop shopping of financial products and services. 元大寶來投信(以下簡稱“元大投信”)的台股基金規模及被動式操作均為全台最大,已成為台灣主動式管理與被動式管理的領導者。在此一優勢基 礎下,將能提供投資人完整商品與優質服務。

The innovative leader

investments with the desired level of risk

Yuanta Securities Investment Trust was the

and expected return while avoiding landmine

first investment trust company in Taiwan to

stocks or unscrupulous companies. Our fund

issue money market funds, fund of funds,

management platform encompasses a

guaranteed return funds and umbrella

top-to-bottom approach to both running an

funds. We are a leader in product

asset management business to the entire

innovation, often sparking a trend in which

investment process. As recognition of our

competitors follow suit by issuing similar

operational management, Yuanta ITC won

products. In the most recent two years, we

the 2009 Golden Goblet Award for

have promoted ETF futures, and were the

Outstanding Risk Management Team.

first to issue gold futures ETFs. We were the ETF pioneer in Taiwan with the first issuance in 2003. In 2009, we initiated HK-Taiwan ETF dual listed funds and ETF feeder funds, providing customers with an even greater array of investment choices. Complete fund management platform In our operations, we face market risk, as well as credit, liquidity, operational and legal risks. At Yuanta ITC, we integrate these risks into our “Four Investment Procedures” which effectively implement risk management procedures and allow managers to find the most suitable


產品創新,贏得多項第一 元大投信是台灣第一家發行貨幣市場型基金、 組合型基金、保本型基金、傘型基金等產品的台灣 投信業者,在產品創新上領先同業,之後更帶動國 內投信同業跟進募集同類型產品之熱潮。而近兩年 所推出的商品指數期信基金、黃金期信基金更是開 市場之先河。 2003年發行台灣第一檔ETF商品,是台灣最早 開發指數投資技術之投信公司。另於2009年率先引 進直接跨境ETF及連結式ETF兩種形式之不同商品,

Complete product line offers clients


the best wealth management services At the end of 2011, Yuanta ITC offered a total of 66 different domestic and overseas mutual funds. Within domestic funds, we offered 16 Taiwan equity and balanced funds, 16 ETF funds, and 9 offshore equity

完善基金管理平台 為了管理公司經營所遭遇之市場風險、信用風 險、流動性風險、作業風險以及法律風險,元大投 信整合「投資四大流程」,實踐作業流程風險管理,

funds, including funds focused on long-term


growth in Asia, as well as Greater China and


emerging markets. In addition, our thematic


funds, such as investment-grade and high


yield bond funds, give clients a comprehensive


selection for asset allocation.

管理平台。元大投信於2009年獲得金彝獎傑出風險 管理團隊獎的殊榮。

完整產品線,提供投資人更有利的財富管理服務 截至2011年底,元大投信共推出國內、外基金檔數(包含期信基金)達66檔,在台股股票型含平衡型基 金達16檔,國內、外指數型與ETF之被動式操作基金則達16檔,至於海外股票型基金,則聚焦長線投資潛 力最看好的亞洲、大中華與新興市場之產品線,相關之基金檔數達9檔,此外還有主題式商品、以及組合型 債券基金、投資等級債、高收益債等債券相關產品。產品線完備,提供投資人更為妥善的資產配置與投資

By teaming up with Yuanta ITC, we now have a more flexible asset allocation approach. 感謝元大投信固定收益團隊的努力,讓我們在資產配 置的調整上能更加靈活!

佈局。 Ms. Gui Feng Yen, Vice Director of Finance 警語:本基金經金管會核准或同意生效,惟不表示絕無風險。本公司以往之經理績效,不保證本基金之最低投資收益;本公司除盡善良管理人

Quanta Computer


廣達電腦 財務部副處長 顏 貴峰 女士

資人申購前應詳閱基金公開說明書。本公司或銷售機構有公開說明書備索,或至本公司之網址(、基金資訊觀測站 查詢(。[ 元大寶來投信獨立經營管理 ]


Wealth Management Business

財 富 管 理 業 務

Yuanta has a large network of service locations with high-quality professional service staff and a wide array of financial products, all of which are backed by the resources of the entire Yuanta group. Our wealth management professionals meet one-on-one with clients to assess their financial service needs based on risk tolerance and life stage considerations. Customized asset allocation and periodic analyses of portfolio performance give customers peace of mind to entrust their wealth management needs to Yuanta. 元大擁有廣大的服務據點,高素質的專業人才及豐富多元的金融商品,結合全集團的資源作後盾,依據客戶不同風險屬性及不同人生階段理財需求 ,進行分級服務。以一對一的方式隨時提供最完整的理財規劃及市場即時資訊,透過量身訂作的資產配置,並定期審視追蹤投資組合績效,使客戶放心 將財富交給元大。另積極引進新理財商品上架,滿足客戶投資理財需求。

Professionalism, integrity, and passion

Asia. Our in-depth research reports and

Yuanta Securities and Yuanta Bank both

analyses of market trends help clients

have dedicated wealth management

understand the pulse of the market and

departments comprised of skilled financial

make wise investment decisions.

professionals with knowledge of a full range of different asset classes. Wealth management employees have all obtained professional licenses and continue to hone their professional skills by staying current on financial market information. Extensive product line At Yuanta, our wealth management team is always at the cutting-edge of product innovation and focused on customer needs. By pooling products from across the entire Yuanta group, we are able to provide customers with securities, mutual funds, futures, and banking products, as well as comprehensive customer support.

元大財富管理團隊永遠走在最前線,除了 擁有金融創新研發能力,能針對客戶需求,開 發出各種不同類型之新產品。另透過集團旗下

Personal consulting


Our personal consultants offer clients the


best financial advice suited for their level of


risk tolerance and stage in life, taking into consideration their level of financial knowledge and investment experience. Financial seminars We periodically host finance and investment seminars throughout Taiwan in which we invite financial professionals to share their expertise on financial issues or insight into financial trends. 專業、誠信、服務熱誠 元大證券及元大銀行旗下財富管理部門精選各

Full support from Yuanta Group


Yuanta’s research team is not only number


one in Taiwan, but well-respected in all of

專業能力。以誠信態度及親切服務強化客戶關係, 贏取客戶信任。



元大集團豐富資源作後盾 元大集團擁有亞洲聞名的堅實研究團隊,深 入的市場趨勢分析,以精闢研究報告幫客戶隨時 掌握財經脈動,協助客戶做出最佳的投資決策。 專屬財富管理顧問 每一位客戶都有自己不同的風險承受度及 各階段不同的理財需求。個人專屬財富管理顧 問以專業金融知識及豐富理財經驗,為客戶提 供最適合的財務規劃建議。 投資理財講座 不定期邀請財經專業人士於全省各地舉辦金 融趨勢或理財講座, 讓客戶隨時汲取市場新知。

Customer testimonials

客 戶 薦 言 I am very happy with the service from Yuanta these past years. With big shifts in the global economy, Yuanta’s timely advice has enabled me to adjust my global investment exposure accordingly. Currently, the level of private banking services that Yuanta provides has steadily improved, not only in terms of data and product platform, but trading system and service quality. I have full confidence in Yuanta’s wealth management services. 我很滿意這些年來元大證券為我提供的服務,在幾次全球總體經濟出現重大變化時總能適時給我提醒,讓我在多變的投資環境中逢凶 化吉。 現在它更提供私人銀行水平的財富管理服務,除了多元的資訊與商品平台、交易系統,服務品質更是進一步提升。對元大證券的財 富管理,我有信心。 Mr. Ching An Cheng, Vice President Ligitek Electronics Co., Ltd. 立碁電子 副總經理 程 清安

I have always outsourced my company’s investment assets to a professional firm, and recently have begun to use Yuanta Securities’ wealth management exclusively. They approach each investment opportunity in a professional way, first evaluating risk before looking at profit, and giving advice about each product through the eyes of the customer. This process makes me feel as though my relationship with Yuanta wealth management is not just about transactions, and I see them as a friend that will continue to take care of my wealth in the future. 公司資產一向交給專業打理,最近我接觸了元大證券財富管理,在專業上他們對每一次可能的交易機會一一剖析,先找風險,再看獲利,然後針對各個產品站在客戶立場予以建議, 這過程讓我覺得元大財富管理與我的關係不只在交易之間,它更像是個諍友,未來我仍期待它繼續為我照顧財富。 Mr. Jian Neng Chong, Vice President of Finance Eastern Electronics Co., Ltd. 泰山電子 財務副總經理

鍾 健能

I have been investing in various types of financial products for several years. My biggest displeasure is not with the current volatile investment environment, but it is the cumbersome documents, complicated rules, non-stop advertisements, and at times, poor account management that really aggravate me. Yuanta’s trading platform is truly a breath of fresh air compared to the rest, with its wide range of products, customized services, along with smooth system and clearing account features that meet all of my needs. It’s really nice to see that Yuanta understands investor needs and it shows in their services. I wish Yuanta Securities Wealth Management nothing but a prosperous future for their business. 在金融市場多年,各類商品都接觸過,浸淫多年也總算累積些許投資心得,想不到最令我煩心的並非來自一日數市的投資市場,而是 繁瑣文件、複雜規定、囉嗦行銷、與龐大的帳務管理。最近看到元大證券推出令我耳目一新的交易平台,商品完整、服務客製、系統流暢 與清晰的帳務正與本人心意相契合,很高興元大能洞悉投資人需求,造福廣大投資人,在此期許與祝福元大證券財富管理業務繼續大步向 前! Mr. Jin-Shiung Huang, Assistant Vice President Grand Hotel 圓山大飯店 協理 黃 進雄

I started learning about finance when I was 33 and have always preferred to invest in relatively safe guaranteed return financial products…. Yuanta is always thinking from the customer’s perspective, and has taken care of me just as a family would. I strongly recommend Yuanta Bank’s wealth management services. 我前年從公司退休,33歲才開始學習理財,一直以來的理財習慣偏向較保守的保本商品及定存。 … 元大常常站在客戶的立場著想,像家人一般的關心我的狀況,絕對會推薦元大銀 行財富管理給身邊的親朋好友。 Ms. Shiou Ying Duo, 都 秀英 小姐


Investment Banking Business


Yuanta's underwriting team operates on the back of years of experience, accessing resources from the entire group to expand its sales network. The team provides a range of services for institutional clients, providing guidance from stock market listing, to venture capital, strategic operation funding, private equity, overseas investments and corporate re-structuring, mergers and acquisitions, among others. In recent years, we have built up our research and equity team in the Greater China region, enabling us to provide customers with investment, fundraising, trading, research and consulting services across the entire region. 元大證投資銀行團隊在多年專業經驗累積下,配合整個金控集團的豐富資源及廣泛的銷售通路,對機構法人客戶的服務,已從傳統輔導企業上市上櫃 掛牌,擴及至策略性經營者導入、私募、籌資規劃以及企業重整、合併、收購、分割等專案性業務。 近年來積極建置橫跨兩岸三地之投資銀行團隊,提供客戶大中華區投資、籌資、交易、投資研究及顧問諮詢服務。

Customer testimonials

客 戶 薦 言 Both our company, Hon

Chuan Enterprise Co., and Yuanta consistently pursue the same The support that Yuanta provides, whether it is financial advisory services or

objectives: to meet customer demands, inspire them and earn

capital market financing, shows its professionalism and special expertise.

their trust. Yuanta has successfully

Sino-America Silicon is very happy to have Yuanta as our long-term corporate

done all of these.

partner at our side as we continue to expand. 感謝元大對中美晶的支持,不管是財務顧問或是資本市場籌資案件,都顯示出元

元大和宏全一樣不斷追求 [客戶滿意·客戶感動·客戶信賴 ], 元大做到了。

大的專業及獨特,很高興有元大這個長期的合作夥伴, 陪伴中美晶一同成長。


Mr. Hsih Chung Tsao, CEO




Mr. M.K. Lu, Chairman

Taiwan Hon Chuan Enterprise Co., Ltd.

Sino-American Silicon Products Inc.

宏全國際股份有限公司 曹 世忠 總裁

中美矽晶製品股份有限公司 盧 明光 董事長

Thanks to the Yuanta team’s professional expertise, we were able

Being the world’s leading manufacturer of automotive components, we

to successfully and smoothly increase

constantly pursue excellent quality and customer satisfaction. Yuanta understands

capital despite difficult economic

this and is clearly the best securities firm to partner with.

conditions in the second half of the year. Yuanta is clearly the best

身為全球汽車零組件龍頭的領導廠商,我們不斷追求品質卓越客戶滿意。而元 大則是陪伴我們不斷成長的最佳券商。

choice. 感謝元大團隊的專業與努力,使我們的增資案得以在下半年一片 不景氣的聲浪中, 順利地如期完成; 元大是我們的最佳選擇。 Mr. Davis Liu, Chairman Ruentex Development Co., Ltd. 潤泰創新國際股份有限公司 劉 忠賢 董事長


Mr. Crispin Wu, CEO Tong Yang Industry Co., Ltd. 東陽實業廠股份有限公司 吳 永祥 總裁

Yuanta Financial Holdings: Striving For More 以誠信為本,善盡企業社會責任

Corporate Social Responsibility At Yuanta, we adopt a holistic approach to the way we run our business. Not only do we strive to deliver maximum return to shareholders, but we also take seriously our responsibility to benefit society as a whole. We are committed to operating and growing in such a way that is both environmentally sustainable and that uses the influence we have as a corporate citizen to reach beyond the sphere of our business. By doing so we are able to positively impact shareholders, employees, customers, the environment, and society at large.

Yuanta Cultural and Educational Foundation (Yuanta Foundation) was established in 2002 in order to more effectively carry out our commitment to CSR beyond the sphere of our immediate business. Through the foundation, resources can be consolidated and used more efficiently to promote arts and cultural programs, educational initiatives, and to help those in society with special needs. Within the company, our commitment to CSR is carried out through established policies and guidelines that make environmental sustainability an important part of our corporate culture and philosophy, and encourage each employee to take personal responsibility.

Corporate Governance

and employees not only abide by all legal norms but build a

At Yuanta, we believe transparency is necessary for genuine and

culture that abides by the highest ethical standards.

effective communication with all stakeholders and we apply this principle to both our operations and governance structures.

1. Audit Committee and Remuneration Committee:

Transparency in governance is reinforced by the company’s

The Board is comprised of eleven directors who are well-

Board of Directors and Audit Committee. A robust risk

respected and have extensive professional backgrounds in the

management system, internal audit and control structure, and

financial industry. More than one-third of board members are

thorough guidelines and policies ensure that all management

independent directors and both the Audit Committee and Remuneration Committee are solely comprised of those


directors. The Audit Committee’s first priority is to monitor and implement the internal control system of the company and guide the company in compliance with all relevant regulations and ensure financial information is disclosed in a transparent manner. The Remuneration Committee’s role is to assist the Board in establishing fair and clear procedures for setting compensation standards and performance metrics for management, and periodically review the compensation structure for directors. This committee also maintains a channel for employees and affiliated parties to express complaints, suggestions and feedback that helps directors provide even better oversight. 2. Benefiting shareholders: After becoming a financial holding company in 2007, Yuanta FHC revised its dividend policy to emphasize a high payout of

4. Transparency in financial and operational information disclosure:

earnings with an emphasis on cash. In fact, in the three years

At Yuanta, we strive to communicate with stakeholders in a way

following we paid out the maximum-allowed 90% of earnings,

that is both timely and transparent. For example, our completely

all in cash, to shareholders. During the height of the global

bilingual website provides investors with the latest information

financial crisis in 2008, Yuanta also benefited shareholders by

about our corporate strategy, organizational structure, corporate

buying back and cancelling 3% of outstanding shares. These

governance, and a whole range of financial data. We also

and other timely actions worked to raise earnings per share and

provide timely corporate news and provide the monthly earnings

increase return on equity.

data of Yuanta and its subsidiaries on the fifth day of each month.

3. Rigorous internal control system and risk management structure: Yuanta FHC’s audit department and risk management department report directly to the Board of Directors, helping the board monitor the entire company’s compliance with legal policies and internal guidelines. Annual audits are performed on the entire business and a special audit is performed semiannually on its financial standing, risk management and legal compliance. At Yuanta, we understand that sustainability and profitability are contingent upon a business model that is built around robust and well-designed risk management control.


Employee Care A countless number of employees have accompanied Yuanta on its path from a small brokerage firm to where it stands today as one of Taiwan’s largest financial holding companies, (currently ranked fifth by market capitalization). Without their contribution of hard work throughout the years, Yuanta would not be in the place it is today. Yuanta understands that employees are its most valuable asset, and strives to provide an excellent working environment that attracts and retains outstanding and talented employees. To that end, we provide employee training, and comprehensive benefits which include a clear compensation and incentive scheme that pays for performance and an employee stock ownership plan.

Customer Care

Employees are encouraged not only in their personal growth, but

At Yuanta, our success as a financial services institution comes

also to actively participate in the company’s charitable efforts.

from the longstanding partnerships we’ve built with our clients.

For example, in 2010, employees not only donated blood in the

Carefully listening to them and responding quickly to meet their

annual blood drive but also used their vacation time to serve as

financial service needs is our starting point for maintaining our

volunteers in our hepatitis and liver cancer screening program.

competitiveness. Safeguarding customers’ personal data is of paramount importance and we take all necessary steps to ensure compliance with national laws through our robust internal procedures, both for Yuanta FHC and all subsidiaries. Customer data is securely stored in our system, and any request to access that data is subject to authorization management procedures with multiple levels of built-in protection. Furthermore, we provide 24-hour toll-free customer phone service in addition to an online function for customer feedback so we can respond quickly to any concerns.


2011 新光國小 澎湖校外教學

2011 Field Trip to Peng-Hu Island - Hsin Kwang Elementary School



Environmental protection

Green purchasing

We carefully consider how we can operate our business in a way

Our priority is to purchase energy-saving products that have

that is sustainable and limits our impact on the environment. Our

less impact on the environment. All air-conditioners in our

headquarters located on Dun Hua South Road was designed as

headquarters building use R410A, a refrigerant that does not

an environmentally-friendly building. In addition to our building

contribute to ozone depletion. For lighting fixtures, the

design, we actively recycle everything we can, emphasize energy

aluminum grid reflectors are computer-designed for better

savings, water conservation and green purchasing, all evidence

output and electronic ballasts reduce the strike necessary to

that we take our responsibility of being a good corporate citizen

turn lights on, prolonging the life of the lamps. All sinks have


water-saving faucets installed. For its active participation in the field of green purchasing, Yuanta was honored with the


Green Purchase Field of Excellence Award by the Taipei City

Since 2009, Yuanta has used an electronic document

Government on December 15, 2011.

management system, effectively saving 285,000 official documents from being produced in paper format. Also,

Social care and contribution to the community

employees are encouraged to use email and e-bulletins rather

Yuanta FHC’s efforts to give back to the community are carried

than paper documents, recycled paper for non-official

out through Yuanta Foundation. Yuanta’s three largest

documents, and non-disposable cups to save paper.

subsidiaries: securities, bank and securities finance, all regularly contribute funds to the Foundation so it can arrange various

Office building energy saving measures The headquarters of both Yuanta FHC and Yuanta Securities utilize video conference technology for meetings, cutting down on the need for energy consuming travel. In an effort to save electricity, the building temperature is set to not fall below 26˚C in the summer months. The headquarters building has a rain water collection and recycling system which is used for toilets

programs and efforts that benefit society. Yuanta Foundation’s mission can be categorized into three core components. The first is social welfare and educational programs. Secondly, it seeks to encourage talent cultivation through scholarships, and thirdly, promotes arts and cultural education programs.

and watering plants in and around the building. The building

Of the more than 130 activities in which Yuanta Foundation

sewage and wastewater treatment are all in compliance with

was involved in 2011, over half were focused on social welfare

environmental regulations requirements. In 2010, the average

and educational programs, around 30% on talent cultivation

monthly water usage per employee was reduced by 25% and

and less than 20% on arts and cultural programs.

electricity usage by 10% compared to 2009. This translates to a reduction of 434 kilograms of carbon emissions per person each year.


Social welfare and educational programs Through its “Wings of Hope, Dreams Come True” program,

4. “Dreams, Taking Off” program – care services and learning scholarships

Yuanta Foundation hosted 51 different social activities and 20

We provided NT$10,000 scholarships per semester for 15

health promotions to help more than 10,000 children and

students. The recipients also received ongoing guidance from


Fu Jen Catholic University students, encouraging them to remain

Helping people is our goal, but education is the starting point.

in school and graduate.

We endeavor to help people from minority groups grow and

5. Down syndrome work center

learn, building their confidence so they can pursue their own

Down syndrome affects about one in every 800 babies, and

dreams. We believe that education is the tool that gives minority

there are around 30,000 individuals in Taiwan with Down

children a step up to a better life and helps them realize their

syndrome. Yuanta Foundation helped the Taiwan Down


Syndrome Foundation set up a work center in Xin Zhuang and

1. Ministry of Education’s online tutoring program The Foundation sponsors an online tutoring program that helps

also purchased moon cakes made by those employed at the work center.

elementary and junior high school students who live in rural

6. Support for Chung Yi Children’s Home

areas. The program has trained 1,500 university students to

Yuanta Foundation funded the tuition cost for 34 children who

assist 1,000 less advantaged children, using the internet as a

live at the Chung Yi Children’s Home, after learning that they

means of communication.

were unable to raise the necessary funds through other means.

2. “Dreams, Taking Off” Program – summer and winter camps This program arranges summer and winter camps for junior high

We also assisted them by donating other items to the home, including electrical fans and bicycles.

school students who live in rural areas. In 2011, twenty students

7. Liver disease prevention event

from Fu Jen Catholic University formed a volunteer team to tutor

More publicity about liver disease and screenings result in those

75 students from Jie Shou Junior High School during their

affected receiving earlier treatment. Better publicity also teaches

summer and winter vacations. Ten of those students passed the

people important steps to preventing liver disease. In 2011,

rigorous high school entrance exam in 2011.

Yuanta sponsored three events with free hepatitis and liver

3. “Dreams, Taking Off” program – tutoring program for city kids We have also offered Saturday tutorial programs for 20 children who come from less advantaged situations, providing nutritious lunches and life training, not only helping them, but their families as well.


cancer screenings in Hsinchu County, Changhua County, and at the Sun Yat-Sen Memorial Hall in Taipei. 150 Yuanta employees volunteered for these charitable events, serving 12,000.


Sponsored “Shelter for Children of Abuse” event


8. Fruits and Veggies Everyday – promotion of

Cultivation of talent and scholarship programs

children’s health

Yuanta has hosted 38 academic and skills training activities with

Yuanta seeks to promote nutritional eating habits by sponsoring

more than 5,000 people participating in the events.

the “Rainbow Fruits and Veggies 579” program. This program held 248 seminars and printed 2,700 copies of the storybook, “Fruits and Veggies,” targeting 2,658 elementary schools and

1. Asia Pacific Financial Accounting and Management Conference

seeking to influence more than 100,000 children in the

The theme of this 2011 conference was “Taiwan’s Financial

formation of good eating habits.

Industry in a Post-ECFA era – a Golden Decade.” A total of 26 seminars were held, 116 domestic and foreign research papers

9. Taiwan Fund for Children and Families

were presented and there were a record number of participants,

(TFCF-Yilan Branch)

395 locals and 88 foreigners. The conference served to advise

Yuanta Foundation sponsored the “Rainbow House” children’s

government organizations on international economic trends

facility of the TCFC-Yilan Branch to help children and teenagers

and steps on how to help Taiwan become more competitive.

who are victims of domestic violence. In the past four years, the effort has helped more than 3,000 children.

2. Global Economic Elite Forum This forum arranged by Business Today magazine and sponsored

10. Care of inmates and ex-offenders

by Yuanta Foundation was held on June 14, 2011 and featured

Yuanta Foundation co-operates with the Taiwan After-Care

Nobel Prize winner, Edmund S. Phelps, as a guest lecturer.

Association in hosting activities that help ex-offenders transition

Several thousand people participated in the event and it proved

back into society. By helping sponsor these activities, we express

to be a good opportunity for government and academia to

our desire that these individuals will gain the courage they need

exchange ideas about healthy economic development and how

to move forward with their lives and are able to make positive

to raise Taiwan’s competitiveness internationally.

contributions to their families and society. 3. Cooperation with Chinese corporations – research program Yuanta sponsored a cooperative program between National Taiwan University and Renmin University of China that took five years to develop 50 case studies covering Chinese corporations. The purpose of this body of research was to help promote the further academic focus on Chinese corporate management. The case studies will also be published in English, providing foreigners deeper insight into unique features of Chinese corporations. The first series of case studies was published in 2011.


Orphanage Athletic Meet


Promotion of Arts and Culture In 2011 Yuanta promoted 21 different cultural activities, inspiring millions of people. 1. Paper Windmill 319 Village children’s art work Yuanta has sponsored the “Paper Windmill 319 Village” children’s art work for more than five years. The project covered a distance of nearly 300,000 km, and reached an audience of over 800,000 people in Taiwan. The traveling troupe completed its journey on December 3, 2011, bringing its windmill to the final village – performing at Wan Li Elementary School. This unique cultural project was a first for the United Nations Educational, Scientific 紙風車319卿村兒童蓋術工程

319 Village Children’s Art Project Dream Program

and Cultural Organization (UNESCO), and was a unique opportunity for children.

4. Cooperation and academic exchanges for financial institutions from Beijing and Taiwan

2.“Youth Chuai Lun - Preserve Taiwan" cultural parade

In April 2011, a financial delegation from Beijing was invited to

Yuanta sponsored this cultural event which combined folk culture

Taiwan in an effort to promote cooperation and academic

and sports activity and attracted millions of people. The performers

exchange between the two sides. The visitors included secretary

departed Tainan on October 8, 2011 and traveled 300 km, in what

of Beijing’s Municipal Bureau of Finance, Xuewen Huo, and more

was considered a unique and large-scale cultural activity in Taiwan.

than ten other people. The delegation conducted a total of

People enjoyed the carnival atmosphere and were able to experience

seven industry and academic forums.

Taiwan’s cultural beauty and traditional art.

5. Scholarships for dissertations

3. “Young at Heart” movie charity function

Yuanta granted scholarships to outstanding graduate students in

Li Zhou Yang, director of “Young at Heart,” decided to donate all

Taiwan, allowing them to complete summer internships focused

of the movie’s box office earnings to United Way. Yuanta actively

on researching key financial topics and publish their results. This

supports domestic films and arranges special showings for charity

program was unique in that Yuanta’s summer internship research

events, for example, inviting ex-offenders and counseling

program also included hands-on corporate experience, allowing

volunteers through the After Care Organizations to a special

students to learn about their research topics more effectively.

showing. 4. Yuanta charity feast Yuanta Foundation hosted an event for all of its charity volunteers to watch the performance of the Eslite Spring Stage event, Opus III Re/turn, showing its strong support for artistic and cultural activities in Taiwan.



Yuanta’s “Dreams, Taking Off” program





1. 設立審計委員會及薪酬委員會:







對外,本公司於2002年設立元大文教基金會,整合集團可用資源,關切社 會弱勢,贊助各項藝文活動。對內,則透過典章制度建立,確立元大企業倫理 及文化精神,潛移默化中影響集團全體員工執行日常業務之行為。

審計委員會職責首重監督,它監控公司內部控制有效實行及相關法令之確 實遵循,財務資訊公開透明。 薪酬委員會之主要職責係協助董事會以公平管理及透明之程序,訂定經理 人之績效考核標準及酬金標準,並適時檢視董事之酬金結構與制度。



元大相信真正的溝通,必須建立在資訊透明的基礎上。我們努力提升營運透 明度、注重股東權益、健全董事會及審計委員會功能。另外,強化風險控管、注 重內稽內控、建立完整周延的規章制度確保公司上至管理階層下至員工同仁皆能

及審計委員會之監督功能。 2. 股利分派以現金為主,並適時買回庫藏股註銷以維護股東最大利益 元大於2007年成為金控公司後,即將股利政策調整為高盈餘分配比例且以

遵循法律規範,並佐以最高道德標準檢視,以建立誠信經營的企業文化。 現金股利分派為主,連續三年皆以獲利數之九成以現金股利方式分派予股東。 2008年金融風暴期間,元大是唯一一家金控公司實施庫藏股買回計畫並予 以註銷之公司,共註銷股份總數百分之三。透過此種方式,提高每股盈餘(EPS) 及股東權益報酬率(ROE)。 3. 嚴謹內部控制制度及風險控管機制 元大稽核部及風險管理部直接隸屬於董事會,協助董事會監督公司上下遵 行法令制度及內部規範。元大每年至少辦理一次一般業務查核及每半年對本公 司及所有子公司之財務、 風險管理及法令遵循管理辦理一次專案業務查核。 另外,在追求營運績效時,一併考量風險承受度,建立以適切風險管理為 導向之經營模式,為股東創造風險調整後之最大獲利。 4. 即時完善資訊揭露制度,提高財務及營運透明度: 肝病防治衛教活動

Liver disease prevention event

除了建置中英文企業網站,提供元大營運策略方針、內部組織架構、公 司治理相關資訊及各項財務資料等,使投資大眾能及時獲取本公司最正確的 訊息。 每月五日元大定時揭露金控及各子公司詳細完整的每月獲利資訊於網站上 供投資人查閱。


員工照護 經過五十年的努力,元大從小規模券商一躍成為台灣前五大金控(依2011 年市值排名)。 這條路,無數員工伴隨元大一路成長,【元大】這塊招牌,是由 員工辛勤的汗水所擦亮,沒有他們在背後默默的付出,這條成長道路不會走得 如此順遂。 元大深深體會員工是企業最寶貴的資產,除了提供良好的工作環境,完善 福利及教育訓練制度外,並經由透明公開的薪酬獎勵制度及實施員工持股信託 制度以吸引並留住優秀的人才。 除了鼓勵員工自我成長外,元大也推動員工積極參與公益之路。2011年不 只號召集團員工參與聯合愛心捐血活動,更多員工主動利用假日時間擔任 [ 肝炎 肝癌大檢驗 ] 活動之義工。藉由集團力量,提升員工對社會公益的參與及關心程 度。

環境保護 在環保生態維護作為上,元大集團上下盡每分努力,從自身做起,減少對 環境的衝擊,追求企業與自然環境永續平衡之發展。 元大金控大樓位於敦化南路上,平時集團內部除了確實執行垃圾分類及資 源回收外,另朝無紙化,節能省碳,節省水資源及綠色採購等方向,為地球綠 化盡一份心力。 無紙化 本公司從2009年起推動集團電子公文管理系統,已處理近28.5萬件公文量, 有效節省紙張用量。另鼓勵以電子郵件,電子佈告欄取代傳閱紙類公文。 以玻璃杯或瓷杯取代紙杯,節省紙杯用量。非正式文件,多利用回收紙列印。 節能省碳/節省水資源–力行辦公大樓節能措施 元大金控大樓及元大證券總公司均建置視訊會議設備,可節省與會人員交 通往返之時間及費用減少、交通工具的耗能與碳排放。另規範辦公室平均溫度

顧客關懷 身為金融服務機構,與客戶維繫長期良好關係一直是元大努力的方向。傾 聽客戶意見,即時回應客戶需求,提供具競爭力的服務優勢是元大對自我最基 本的要求。 為善盡對客戶個人資料保護之責,元大集團嚴守中華民國政府之法律規範,

不可低於26度,由中央控制室統一設定。元大金控大樓設置雨水回收過濾利用 系統,回收之雨水提供廁所及大樓開放空間植裁澆灌之用水。大樓之污水處理 設施為污水處理槽及專用下水道,皆符合環保法規,元大金控大樓2010年平均 每人每月用水量比2009年節省25%,而每人每月用電量則較2009年下滑10%. 估計每人每年可為環境減少434公斤的二氣化碳排放量.

對內訂定元大金控暨子公司客戶資料保密措施之規定,除了嚴密保存客戶資料 於具高度安全性,穩定性之資料儲存系統中;要取得客戶的任何資料,都必須 在元大訂定之資料授權管理辦法下,始可取得。採用嚴格的內部IP控管模式,以 分層管理客戶資料。 多重防護都是為確保客戶資訊安全。 另外,不只提供免費24小時客服專線,同時亦設置專人處理之客戶服務信 箱,迅速處理客戶問題,提高客戶滿意度。

綠色採購 優先採購對環境衝擊較少且有節能標章的產品,元大金控大樓所有之冷氣 主機均採用環保冷R410A之綠色產品,降低對臭氣層破壞。照明設備之格柵反 光罩由電腦設計,並裝設電子安定器,減少啟動時的閃爍,以延長燈管壽命。 所有水龍頭皆採用省水標章之水栓。不定時向全體同仁及各子公司採購部門宣 導[綠色採購]之相關概念,並正面表列具環保標章的綠色產品,同時進行採購人 員之教育訓練。期盼由企業本身做起,傳遞集團同仁相關理念並據以遵循,為 環境保護盡一分心力. 本集團於2011年12月15日獲台北市長頒獎表揚為綠色採購成效良好之標竿 單位。



5. 新莊小型工作站成立愛心活動

元大金控秉持 [ 取之於社會, 用之於社會 ] 之精神,每年透過旗下證券,銀





中秋愛心月餅,協助唐氏症庇護工廠 「中港工作坊」成立。

元大文教基金會以教育為核心,透過「公益關懷. 社會教育」、「獎助學術. 人才培育」、「推廣藝術. 文化教育」等三大方向,落實企業社會責任。

6. 心棧家園補助 2011年忠義育幼院共有34位院童需要接受學校教育,但因經濟景氣低迷影

2011年元大文教基金會共辦理130場活動, 其中以「公益關懷. 社會教育」


所佔比重最高,達 55% 。另外29% 來自於「獎助學術. 人才培育」等相關活動,


至於「推廣藝術. 文化教育」則為16%。




【承載希望的翅膀.讓夢想溫暖起飛】 – 2011年元大舉辦了51場公益活動

7. 肝病防治衛教活動







的最佳途徑。 1. 贊助教育部數位學伴計畫,辦理偏鄉中小學網路課輔

元大有150位同仁自願擔任志工,回饋服務12,000位民眾。 8. 天天五蔬果-兒童防癌活動







2. 夢想起飛計畫─偏鄉中學課業輔導夏、冬令營

9. 宜蘭家扶兒童館





3. 夢想起飛計畫─都會弱勢學童課業輔導


為了讓在都會弱勢的孩子們有學習的機會,提供新北市五股地區20名弱勢 家庭學童週六課輔協助、營養午餐照護和生活教育,也間接幫助了20個家庭衍 生的社會問題。 4. 夢想起飛計畫─關懷服務與成長學習助學專案 透過深度訪查與學校推薦方式,讓15位就學困難的孩子,每人每學期有一 萬元的助學金。獲得元大助學金的同學,由輔大社工團隊持續追蹤輔導,讓學

弱勢家庭學童帶來家的溫暖。 10. 受刑人、更生人關懷服務 本基金會與台灣更生保護會經常合辦活動,鼓勵更生人懷著正面的夢想與 態度重返社會及家庭。除了長期幫助更生人,更希望透過服務學習的機會,培 養更生人向前走的勇氣,期勉更生人能創造美好人生,也讓家庭成員找回親情 與幸福。

習之路不會孤單徬惶。未來學成後,返鄉協助學弟妹的課業,傳承互助,激勵 孩子們往求學之路前進。


獎助學術.人才培育 2011年元大舉辦38場學術與人才培育活動,超過5,000人共襄盛舉。 1. 亞太財務金融會計與管理研討會 2011年會議主題探討「打造台灣黃金十年的前景以及後ECFA時代之台灣金 融產業的發展」。共舉辦26場學術研討會,國內外116篇論文發表,與會外籍 人士88人,本國人士395人,是活動舉辦以來最盛大的一次,讓國內產、官界 了解目前世界經濟的潮流及趨勢,提昇台灣國際競爭力。 2. 全球經濟菁英論壇 由《今周刊》主辦、元大文教基金會贊助的「2011全球菁英論壇」,特別 邀請諾貝爾經濟學獎得主菲爾普斯(Edmund S. Phelps)於2011年6月14日來台演 2011元大盃第五屆EMBA校際個案分析比賽

2011’s 5th EMBA Campus Case Study Competition

講,現場湧進上千民眾參加。希望元大的努力,讓台灣產官學界都能和國際學 術大師對談交流,共同探索全球經濟健全發展之路,提升台灣的國際競爭力。 3. 華人企業案例合作框架研究計畫 為促進兩岸間企業管理案例發展平台,元大贊助臺灣大學與中國人民大學 合作,以五年時間,開發50個中文出版的華人企業研究個案。此計劃有助未來 中文企業管理的學術推廣,研究個案也將以英文出版,讓更多學習者一窺華人

推廣藝術.文化教育 2011年元大推動21場文化藝術活動,和百萬人一起為台灣的藝術發聲。 1. 紙風車 319 鄉村兒童藝術工程 元大贊助「紙風車 319 鄉村兒童藝術工程」,5年多的時間,將近30萬公

企業的管理特色。 2011年第一批研究個案已經出爐,一共完成七大個案。


4. 京台兩地金融機構合作暨學術交流活動


為促進京台兩地金融機構合作暨學術交流,4月份邀請「北京金融參訪團」 抵台訪問。參訪成員包括北京市金融工作局黨組書記霍學文等十多位,就京台 兩地金融相關產業、學術交流進行參訪。北京金融參訪團一行在台進行一系列

也是首創專為兒童而辦的藝術工程。 2.「少年踹輪-保庇護台灣」文化遶境活動 以近年甚受少年喜愛的「電音三太子」及媽祖遶境,結合民俗文化與運動



5. 暑期專案論文研究獎學金


徵選國內優秀大學研究生,針對七、八月暑假實習時研究的金融重點議 題,結束後發表專題研究成果。不同於其他企業實習專案,元大的暑期見習 研究計畫,同時含括專題研究與企業見習,讓同學更有效的經驗學習。

與傳統藝術。 3. 電影「青春啦啦隊」慈善包場活動 「青春啦啦隊」導演楊力州,2011年5月上映後決定將票房收益全數捐贈 給公益團體聯合勸募作為公益用途。元大以行動支持本土國片,舉行公益特映 會,邀請臺灣更生保護會更生人及輔導志工共享心靈影展。 4. 元大藝術與公益饗宴 邀請元大文教基金會慈善志工觀賞「誠品春季舞臺」第三號作品《Re/turn》 ,以實際行動支持台灣藝文活動。


Yuanta Financial Holding Co., Ltd. Financial Statements 元大金控財務報表

Yuanta Financial Holding Co., Ltd. and Its Subsidiaries Consolidated Balance Sheets December 31

元 大 金 融 控 股 股 份 有 限 公 司 及 其 子 公 司 合 併 資 產 負 債 表 民國 100 年及99年12月 31 日

















Liabilities directly related to assets held for sale




Deposits and remittances 存 款 及 匯 款 Bonds payable – net 應 付 債 券 - 淨 額 Other borrowings 其 他 借 款 Accrued pension liabilities 應 計 退 休 金 負 債 Other financial liabilities 其 他 金 融 負 債 Reserves for operation and liabilities 營 業 及 負 債 準 備 Other liabilities 其 他 負 債 TOTAL LIABILITIES 負 債 總 計

ASSETS 資 產 Cash and cash equivalents 現金及約當現金



Due from Central Bank and call loans to other banks 存放央行及拆借金融同業


Financial assets at fair value through profit or loss – net 公平價值變動列入損益之金融資產 附賣回票券及債券投資

LIABILITIES AND STOCKHOLDERS’ EQUITY 負債及股東權益 Due to Central Bank and other banks 央 行 及 金 融 同 業 存 款 Commercial paper payable – net 應 付 商 業 本 票 - 淨 額 Financial liabilities at fair value through profit or loss – net



Bills and bonds payable under repurchase agreements

Investments in bills and bonds under resale agreements Receivables – net

附買回票券及債券負債 Payables 應 付 款 項 與待出售資產直接相關之負債


Assets held for sale 419,162
































Bills discounted and loans – net 貼現及放款-淨額

Available-for-sale financial assets – net 備供出售金融資產-淨額

Held-to-maturity financial assets – net 持有至到期日金融資產-淨額

Equity investments accounted for under the equity method – net 採權益法之股權投資-淨額

Other financial assets – net 其他金融資產-淨額

Fixed assets – net 固定資產-淨額

Intangible assets – net 無形資產-淨額

Other assets 其他資產

Deferred income tax assets – net 1,031,689



(Expressed in Thousands of New Taiwan Dollars) 單位:新台幣仟元





Continued/...left... 續右

STOCKHOLDERS’ EQUITY 股 東 權 益 Common stock 普 通 股 Additional paid-in capital 資 本 公 積 Retained earnings 保 留 盈 餘 Legal reserve 法 定 盈 餘 公 積 Special reserve 特 別 盈 餘 公 積 Unappropriated earnings 未 分 配 盈 餘 Other stockholders’ equity adjustments 股 東 權 益 其 他 項 目 Cumulative translation adjustments 累 積 換 算 調 整 數 ( Unrealized profit or loss on financial assets 金 融 商 品 之 未 實 現 損 益 ( Treasury stock 庫 藏 股 票 ( Unrealized net loss on accrued pension cost 未認列為退休金成本之淨損失 ( Minority interest 少 數 股 權 TOTAL STOCKHOLDERS’ EQUITY 股 東 權 益 總 計 COMMITMENTS AND CONTINGENCIES 重 大 承 諾 或 有 事 項 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $

元 大 金 融 控 股 股 份 有 限 公 司 及 其 子 公 司 合 併 股 東 權 益 變 動 表

For the Years Ended December 31, 2011 and 2010

民國 100 年及 99年12 月31日

2010 Amount


16,807,124 13,142,109

(58) (74)

7,080,166 3,409,424





39,252,832 68,750,076

15,420,329 44,181,396

155 56

6,992 419,473,779 33,414,348 6,170,722 1,938,792 6,977,755 565,515 14,768,550 615,986,896

366,336,239 29,556,800 9,715,570 1,124,927 3,153,272 1,007,249 11,948,884 521,814,708

15 13 (36) 72 121 (44) 24 18

100,163,105 34,555,423

81,021,057 25,565,205

24 35

2,308,542 666,252 13,389,147

1,492,551 8,252,023

55 62

570,878) 983,680 381,735)

136 (142) (82)

43,743) 541,864

(67) 410





1,346,894) 410,110) 70,238)


14,615) 2,764,640





Yuanta Financial Holding Co., Ltd. and Its Subsidiaries Consolidated Statements of Changes in Stockholders’ Equity

2011 Amount



Retained earnings 盈餘保留 Common Stock For the years ended December 31, 2010 Balance, January 1, 2010 Appropriation and distribution of earnings in 2009 (Note) Legal reserve Reversal of special reserve Cash dividends Component of convertible corporation bond equity issuance Treasury stocks distributed to employees Acquisition of treasury stocks Recognition of additional paid-in capital from subsidiaries Recognition of cumulative foreign currency translation adjustments from subsidiaries Recognition of unrealized gain on financial assets from subsidiaries Recognition of net losses of unrecognized pension cost by the subsidiary Changes in minority interest Consolidated net income for the years ended December 31, 2010 Balance, December 31, 2010 For the years ended December 31, 2011 Balance, January 1, 2011 Appropriation and distribution of earnings in 2010 (Note) Legal reserve Stock dividends Subsidiary stocks acquired by issuing new shares Conversion of convertible corporate bonds Conversion of convertible corporate bonds – equity components Treasury stocks distributed to employees Recognition of additional paid-in capital from subsidiaries Recognition of special reserve from subsidiaries Recognition of cumulative foreign currency translation adjustments from subsidiaries Recognition of unrealized loss on financial assets from subsidiaries Recognition of net losses of unrecognized pension cost by the subsidiary Changes in minority interest Consolidated net income for the years ended December 31, 2011 Balance, December 31, 2011

99年1月1日餘額 98年度盈餘指撥及分配(註): 法定盈餘公積 特別盈餘公積迴轉 現金股利 發行可轉換公司債權益組成要素 庫藏股轉讓予員工 購入庫藏股 子公司認列資本公積 子公司認列累積換算調整數 子公司認列金融資產未實現利益 子公司認列未認列為退休金成本之淨損失 少數股權變動數 99年度合併總利益 99年12月31日餘額





100年1月1日餘額 99年度盈餘指撥及分配(註): 法定盈餘公積 股票股利 發行新股取得子公司股權 轉換公司債行使轉換 行使轉換公司債權益組成要素之變動 庫藏股轉讓予員工 子公司認列資本公積 子公司認列特別盈餘公積 子公司認列累積換算調整數 子公司認列金融資產未實現損失 子公司認列未認列為退休金成本之淨損失 少數股權變動數 100年度合併總利益





7,428,604 11,708,394 5,050 100,163,105

100 年 度

Note: For the years ended of 2010 and 2009, $36,720 and $73,339 of remunerations to directors and 7,344 and 7,334 of bonus to employees were deducted from the consolidated statements of income.



99 年 度

Legal Reserve

Add Paid-in Capital








589,810 28,240 3,598 25,565,205


724,380 1,492,551






815,991 2,308,542

( (


8,898,380 4,923 1,180) 186,626 98,531) 34,555,423

Continued/...P51... 續右頁

Yuanta Financial Holding Co., Ltd. and Its Subsidiaries For the Years Ended December 31

Consolidated Statements of Cash Flows 2011

Cash Flows From Operating Activities $ Consolidated net income Minority interest income Adjustments to reconcile consolidated net income to net cash provided by (used in) operating activities Accrued discount amortization of convertible corporate bonds Depreciation and amortization ( Recovery of credit losses ( Investment income accounted for under the equity method Cash dividends received from the equity investments accounted for under the equity method ( Realized gain on available-for-sale financial assets ( Gain on disposal of financial assets stated at cost Asset impairment losses ( Gain from sale or retirement of fixed assets, intangible assets and other assets ( Net gain from sale of foreclosed assets ( Gain from disposal of equity investment accounted for under the equity method ( Gain from sale of non-performing loans ( Net gain from sale of assets held for sale Cost recognized from transferring treasury stocks to employees of the Company and its subsidiaries Changes in assets and liabilities ( Increase in financial assets at fair value through profit or loss Decrease (increase) in receivables ( Increase in other financial assets – net Decrease in deferred income tax assets – net ( (Decrease) increase in financial liabilities at fair value through profit or loss ( Decrease in payables Increase in accrued pension liabilities Increase in reserves for operation and liabilities Increase (decrease) in other financial liabilities Increase in liabilities directly related to non-current assets held for sale Net cash provided by (used in) operating activities Cash Flows From Investing Activities Decrease (increase) in due from Central Bank and call loans to other banks Decrease (increase) in bill and bond investments under resale agreements Increase in bills discounted and loans – net (Increase) decrease in available-for-sale financial assets (Increase) decrease in held-to-maturity financial assets Increase in equity investments accounted for under the equity method Proceeds from disposal of equity investments accounted for under the equity method Acquisition of fixed assets and other non-operating assets

( ( ( ( (

13,381,719 195,949 113,540 1,431,009 260,117) 9,105) 4,421 680,204) 16,066) 239,391 1,026,682) 27,337) 7,583,727) 314,609) 2,155) 184,508

(Expressed in Thousands of New Taiwan Dollars)

2010 $

( ( ( ( ( ( ( (

2011 Cash Flows From Investing Activities Proceeds from disposal of fixed assets and other assets Increase in intangible assets-net Acquisition of foreclosed assets Proceeds from sale of foreclosed assets Acquisition of assets held for sale Proceeds from sale of assets held for sale Decrease (increase) in other assets Acquisition of non-performing loans Proceeds from sale of non-performing loans Cash consideration of all issued Polaris Securities stocks transferred Net cash used in investing activities Cash Flows From Financing Activities (Decrease) increase in due to Central Bank and other banks (Decrease) increase in commercial paper payable – net Increase in bills and bonds payable under repurchase agreements Increase in deposits and remittances (Decrease) increase in other borrowings Increase (decrease) in other liabilities Proceeds from issuance of corporate bonds Repayment of corporate bonds Proceeds from issuance of financial bonds Repayment of financial bonds Payment distribution of cash dividends Acquisition of treasury stocks Transfer of treasury stocks to employees Minority interest Net cash provided by financing activities Net effect of foreign exchange rate changes on cash and cash equivalents Net effect of movements on consolidated entities Cash and cash equivalent acquired through business combination Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Supplemental Disclosures of Cash Flow Information Cash paid for interest during the period Cash paid for income tax during the period Investing and financing activities not influencing cash flows Convertible corporate bonds converted to common stocks Subsidiary stocks acquired by issuing new shares

8,159,906 75,733 54,170 1,138,638 130,813) 559,899) 303,059 752,097) 177,426) 558,406 31,231) 55,110) (971) 377,569) 5,097) 10,538

7,943,950) 35,389,249 1,190,417) 522,998 1,540,629) 421,162) 734,339 162,715 953,682 5,903 32,303,263

( 38,381) ( 15,953,684) ( 1,742,373) 714,249 2,952,367 ( 2,052,906) 104,469 113,222 ( 376,292) ( 8,069,092)

15,131,263 2,226,092 63,459,700) 415,016) 542,511) 1,522,407) 13,187,288 824,385)

( 42,978,622) ( 2,819,184) ( 50,698,640) 5,707,816 613,243 ( 243,911) 54,064 ( 1,319,119)



1,183,606 (233) 46,172) 41,723 (356,350) 88,383 5,174,198 ( 3,202,225) 572,596 ( 24,699,907) ( 57,463,757) (

$ (

114,757 1,979,563) (53) 253,835 (53,733) 54,917 ( 3,396,534) 797,743 ( 95,892,984)

( 9,726,958) ( 10,882,087) 7,664,656 53,137,540 ( 7,554,704) 125,993 10,000,000 ( 6,300,000) 10,000,000 ( 9,947,060) 310,665 ( 68,766) 36,759,279 977,097 4,620,289 17,196,171 16,594,978 $ 33,791,149


3,852,364 11,612,330 211,379 69,486,095 6,522,493 1,075,335) 5,000,000 2,500,000) 5,441,920 (147,800) 7,264,817) 77,784) 28,782 241,068 91,330,695 303,257) 6,329) 12,940,967) 29,535,945 16,594,978

$ $

3,406,645 3,756,822

$ $

2,221,765 2,297,635

9,973 $ 20,606,774

$ $


( ( ( (

( ( (

The Company acquired Polaris Securities in current year.

Continued/...left... 續右

(Expressed in Thousands of New Taiwan Dollars) 單位:新台幣仟元

Retained earnings 盈餘保留 Special Reserve

Unappropriated Earnings

Cumulative Translation Adjustments

Unrealized Profit or (Loss) on Financial Assets

Treasury Stocks

Unrealized Net Loss on Accrued Pension Cost

Minority Interest











814,445) -


(724,380) 814,445 (7,264,817) 8,159,906 8,252,023





( (


666,252 666,252

815,991) 7,428,604) 13,381,719 13,389,147

$ (








577,398) 570,878)


197,468 983,680








776,016) 1,346,894)



1,393,790) 410,110)




28,859 77,784) 381,735)




311,497 70,238)








4,895) 43,743)


241,068 75,733 541,864


7,264,817) 589,810 57,099 77,784) 3,598 577,398) 197,468 4,895) 241,068 8,235,639 116,860,024








29,128 14,615)


2,026,827 195,949 2,764,640



( ( ( (

( ( ( (



20,606,774 9,973 1,180) 498,123 98,531) 666,252 776,016) 1,393,790) 29,128 2,026,827 13,577,668 152,005,252


元大金融控股股份有限公司及其子公司 合 併 現 金 流 量 表 民國 100年及99 年1月 1 日 至1 2 月 3 1日


2011 營業活動之現金流量 本期淨利 少數股權淨利 調整項目 應付可轉換公司債折價攤銷 折舊及攤銷費用 呆帳迴轉利益 採權益法認列之投資利益 採權益法認列之股權投資收到之現金股利 備供出售金融資產之已實現利益 以成本衡量之金融資產處分利益 資產減損損失 出售及報廢固定資產、無形資產及其他資產利益 出售承受擔保品淨利益 採權益法認列之處分利益 出售不良債權利益 出售待出售資產淨利益 庫藏股轉讓予本公司及其子公司員工認列之成本 資產及負債科目之變動 公平價值變動列入損益之金融資產增加 應收款項減少(增加) 其他金融資產-淨額增加 遞延所得稅資產-淨額減少 公平價值變動列入損益之金融負債(減少)增加 應付款項減少 應計退休金負債增加 營業及負債準備增加 其他金融負債增加(減少) 待出售非流動資產直接相關之負債增加 營業活動之淨現金流入(流出) 投資活動之現金流量 存放央行及拆借金融同業減少(增加) 附賣回票券及債券投資減少(增加) 貼現及放款-淨額增加 備供出售金融資產(增加)減少 持有至到期日金融資產-淨額(增加)減少 採權益法之股權投資增加 處分長期股權投資價款 購置固定資產及其他非營業資產

$ 13,381,719 195,949

( ( ( ( ( ( ( ( (

113,540 1,431,009 260,117) 9,105) 4,421 680,204) 16,066) 239,391 1,026,682) 27,337) 7,583,727) 314,609) 2,155) 184,508


2010 $

( ( ( ( ( ( ( (

8,159,906 75,733 54,170 1,138,638 130,813) 559,899) 303,059 752,097) 177,426) 558,406 31,231) 55,110) (971) 377,569) 5,097) 10,538

7,943,950) 35,389,249 ( 1,190,417) 522,998 ( 1,540,629) ( 421,162) 734,339 162,715 953,682 5,903 32,303,263

( 38,381) ( 15,953,684) ( 1,742,373) 714,249 2,952,367 ( 2,052,906) 104,469 113,222 ( 376,292) ( 8,069,092)

15,131,263 2,226,092 63,459,700) 415,016) 542,511) 1,522,407) 13,187,288 824,385)

( 42,978,622) ( 2,819,184) ( 50,698,640) 5,707,816 613,243 ( 243,911) 54,064 ( 1,319,119)

( ( ( ( (

2011 $

處分固定資產及其他資產價款 無形資產-淨額增加 購買承受擔保品 出售承受擔保品價款 購買待出售資產 出售待出售資產價款 其他資產減少(增加) 購置不良債權款 出售不良債權價款 受讓寶來證券全部已發行股份現金對價部分 投資活動之淨現金流出 融資活動之現金流量 央行及金融同業存款(減少)增加 應付商業本票-淨額(減少)增加 附買回票券及債券負債增加 存款及匯款增加 其他借款(減少)增加 其他負債增加(減少) 發行公司債 償還公司債 發行金融債 償還金融債 發放現金股利 購入庫藏股 轉讓庫藏股價款 少數股權 融資活動之淨現金流入 匯率影響數 合併個體變動淨影響數 合併他公司取得現金及約當現金餘額 本期現金及約當現金增加(減少) 期初現金及約當現金餘額 期末現金及約當現金餘額 現金流量資訊之補充揭露: 本期支付利息 本期支付所得稅 不影響現金流量之投資及融資活動 轉換公司債轉換為普通股 發行新股取得子公司股權

2010 $ (

114,757 1,979,563) (53) 253,835 (53,733) 54,917 ( 3,396,534) 797,743 ( 95,892,984)

1,183,606 (233) 46,172) 41,723 (356,350) 88,383 5,174,198 3,202,225) 572,596 24,699,907) 57,463,757)


( ( (

( 9,726,958) ( 10,882,087) 7,664,656 53,137,540 ( 7,554,704) 125,993 10,000,000 ( 6,300,000) 10,000,000 ( 9,947,060) 310,665 ( 68,766) 36,759,279 977,097 4,620,289 17,196,171 16,594,978 $ 33,791,149


3,852,364 11,612,330 211,379 69,486,095 6,522,493 1,075,335) 5,000,000 2,500,000) 5,441,920 (147,800) 7,264,817) 77,784) 28,782 241,068 91,330,695 303,257) 6,329) 12,940,967) 29,535,945 16,594,978

$ $

3,406,645 3,756,822

$ $

2,221,765 2,297,635

9,973 $ 20,606,774

$ $


( ( ( (

( ( (


Yuanta Financial Holding Co., Ltd. and Its Subsidiaries Consolidated Statements of Income

元 大 金 融 控 股 股 份 有 限 公 司 及 其 子 公 司 合 併 損 益 表

For the Years Ended December 31

民國 100年及 99 年1月 1日至 12月31 日

(Expressed in Thousands of New Taiwan Dollars, Except for Earnings per Share) 單位:新台幣仟元 (除每股盈餘為新台幣元外)

2011 Interest income Less: Interest expense Net interest income Net non-interest income Net service fee and commission income (Loss) gain on financial assets and financial liabilities at fair value through profit or loss Realized gain on available-for-sale financial assets Investment income accounted for under the equity method Foreign exchange gain – net Asset impairment loss Other non-interest income Gain from disposal of requites investments Net non-interest income Net profit Gain on reversal for credit losses Operating expenses Personnel expenses Depreciation and amortization Other business and administrative expenses

利息收入 減:利息費用 利息淨收益 利息以外淨收益 手續費及佣金淨收益 公平價值變動列入損益之金融資產及負債(損失)利益 備供出售金融資產之已實現利益 採權益法認列之投資利益 兌換淨利益 資產減損損失 其他非利息淨損益 處分投資淨利益 利息以外淨收益合計 淨收益 呆帳迴轉利益 營業費用 用人費用 折舊及攤銷費用 其他業務及管理費用

Consolidated income from continuing operations before income tax Income tax expense Consolidated net income Consolidated net income attributable to: Parent company Minority interest Consolidated net income Basic earnings per share Basic earnings per share Diluted earnings per share

繼續營業單位稅前合併淨利 所得稅費用 合併總利益 合併總利益歸屬予: 母公司股東 少數股權 合併總利益


每股盈餘 基本每股盈餘 稀釋每股盈餘




( ( ( ( ( $ $ $ Before Taxes $1.63 $1.61

13,008,552 ( 3,736,418) 9,272,134 10,321,122 2,547,751) 680,204 9,105 623,021 239,391) 6,346,679 7,583,727 22,776,716 32,048,850 260,117

2010 $ (


10,224,073) 1,431,009) 5,529,872) 17,184,954) 15,124,013 1,546,345) 13,577,668

( ( ( (

13,381,719 195,949 13,577,668


After Taxes $1.47 $1.44

( $

$ Before Taxes $1.11 $1.10


10,507,143 2,341,573) 8,165,570

24 60 14

10,986,088 2,674,512 752,097 559,899 225,673 558,406) 2,895,139 971 17,535,973 25,701,543 130,81

( 6) ( 195) (10) ( 98) 176 ( 57) 119 780922 30 25 99

10,032,320) 1,143,585) 4,792,107) 15,968,012) 9,864,344 1,628,705) 8,235,639

2 25 15 8 53 ( 5) 65

8,159,906 75,733 8,235,639

64 159 65

After Taxes $0.93 $0.92

Designed and Produced By :

Yuanta Securities

Yuanta Securities Finance

13F, 225 Nanking E. Rd., Sec. 3, Taipei, Taiwan 10488

7F, 66 Dunhua S. Rd., Sec. 1 Taipei, Taiwan 10557



10488 台北市中山區 南京東路三段225號13樓

10557台北市松山區 敦化南路一段66號7樓

Yuanta Bank

Yuanta Asset Management Company

1F, 66 Dunhua S. Rd., Sec. 1 Taipei, Taiwan 10557

11F, 66 Dunhua S. Rd., Sec. 1 Taipei, Taiwan 10557



10557 台北市松山區 敦化南路一段66號1樓

10557 台北市松山區 敦化南路一段66號11樓

Yuanta Futures

Yuanta Securities Investment Consulting

12F, 225 Nanking E. Rd., Sec. 3, Taipei, Taiwan 10488

4F, 225 Nanking E. Rd., Sec. 3, Taipei, Taiwan 10488



10488 台北市中山區 南京東路三段225號12樓

10488 台北市中山區 南京東路三段225號4樓

Yuanta Investment Trust Company

Yuanta Venture Capital

2F-1, 66 Dunhua S. Rd., Sec. 1 Taipei, Taiwan 10557

11F, 66 Dunhua S. Rd., Sec. 1 Taipei, Taiwan 10557



10557 台北市松山區 敦化南路一段68號2樓之1

10557 台北市松山區 敦化南路一段66號11樓

Scan QR Code to read this book online 使用平版電腦或智慧型手機 掃描 QR Code 應用程式標誌線上閱讀

YUANTA FINANCIAL HOLDING CO., LTD. 66 Dunhua S. Rd., Sec. 1 Taipei, Taiwan 10557 T. 886 2 2781 1999

元大金融控股股份有限公司 10557 台北市 松山區 敦化南路一段 66號

元大金控公關簡介 - Yuanta Financial Holdings - Group Introduction 2012  

元大金控係以證券投資服務為主體而發展之金融控股公司。民國96年復華金控與台灣證券市場領導券商元大京華證券合併,不僅鞏固本公司於證券相關業務之龍頭地位,透過旗下事業線互補、整合,形成涵蓋證券、證金、銀行、期貨、投信、投顧、創投及資產管理等業務之金融集團。 An introdu...

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元大金控係以證券投資服務為主體而發展之金融控股公司。民國96年復華金控與台灣證券市場領導券商元大京華證券合併,不僅鞏固本公司於證券相關業務之龍頭地位,透過旗下事業線互補、整合,形成涵蓋證券、證金、銀行、期貨、投信、投顧、創投及資產管理等業務之金融集團。 An introdu...