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Financial Performance

      TSC has actively invested in the R&D and application of sugar as its core technology and developed the concept of diversification operations. We use existing resources and advantages to develop new businesses, research and develop new products and provide new services. In addition, internal performance evaluation indicators are set in accordance with Regulations for Performance Evaluation of State-Run Enterprises and Guidelines for Performance Evaluation of State-Run Enterprises for corporate management and performance. In 2018, he earnings per share was NTD 1.27, which was 29.59% higher than 2017, mainly due to the dividend income and the increase in profits from disposal of investment property.


Item/year 2017 2018 The percentage of increase or decrease compared with the previous year (%)
Operating income 31,749,691 29,811,351 -6.11%
Other income  -  -
Non-operating income 4,954,318 7,183,124 44.99%
Total revenue 36,704,009 36,994,475 0.79%
Operating cost 24,096,334 22,996,544 -4.56%
Operating expenses 5,073,339 5,123,054 0.98%
Other expenses  109,153 16,244  -
Non-operating expenses 2,137,247 1,969,525 -7.85%
Income tax expense (benefits) -252,513 -274,243 8.61%
Total expenses 31,163,560 29,831,124 -4.28%
Net income 5,540,449 7,163,351 29.29%
Dividend 5,636,750 9,471,900 68.04%
Net profit margin (%) 17.45% 24.03% 6.58%
Earnings per share (dollar) 0.98 1.27 29.59%
Note:
1. The number of reports was certified by CPA.
2. The 2018 annual income tax benefit was NT 274,243 thousand dollars mainly because the profit-seeking enterprise income tax was NT 1,762 thousand dollars and the benefit of land value increment tax was NT 276,005 thousand dollars.
3. The final account of other consolidated statement of profit and loss of the current period for 2018 is NT103,146 thousand dollars, mainly because the re-measurements of the defined benefit plans (loss) was NT387,995 thousand dollars. The unrealized valuation gains and loss from equity investment instruments measured at fair value through other comprehensive income was NT473,585 thousand dollars, and the re-measurements of the defined benefit plans (loss) of associates and joint ventures accounted for using equity method was NT2,578 thousand dollars, the exchange difference converted from financial statements of foreign operation was NT 18,202 thousand dollars, and the exchange difference converted from financial statements of foreign operation of associates and joint ventures accounted for using equity method was NT1,932 thousand dollars.
4. The total salary and benefits for employees in 2018 was NT 4,757,914 thousand dollars.


      TSC adheres to the principle of paying taxes honestly according to law, which contributes to the country’s construction and development. In 2018, TSC paid a total of NT 4,403,011 thousand dollars in taxes and fees to local and central governments in Taiwan, a 2.68% decrease compared with the NT 4,524,329 thousand dollars in 2017. We will continue to focus on the steady development of the Company and create the maximum value for our shareholders.

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