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 2020,with the joint efforts of all units and all employees, the total revenue reached NTD 29.913 billion, which was a 1.85% decrease compared with 2019; the total expenditure was NTD 25.346 billion, a 8.61% decrease compared with 2019; the net profit was NTD 4.567 billion, a 66.53% increase compared with 2019, this is mainly due to the increase in profits from disposal of investment property, miscellaneous income and increase in income tax benefits.
TSC's Condensed Income Statement in the Past Five Years(Unit: NT 1,000 dollars)
| Item/year | 2019年 | 2020年 | The percentage of increase or decrease compared with the previous year (%) |
|---|---|---|---|
| Operating income | 26,409,607 | 25,435,173 | -3.69% |
| Other income | － | － | － |
| Non-operating income | 4,068,084 | 4,478,293 | 10.08% |
| Total revenue | 30,477,691 | 29,913,466 | -1.85% |
| Operating cost | 20,954,605 | 19,825,005 | -5.39% |
| Operating expenses | 4,181,489 | 4,130,895 | -1.21% |
| Other expenses | 28,478 | 109,758 | 285.41% |
| Non-operating expenses | 2,038,405 | 2,224,913 | 9.15% |
| Income tax expense (benefits) | -141,495 | -944,254 | 567.34% |
| Loss (income) from discontinued operation | 673,680 | － | － |
| Total expenses | 27,735,162 | 25,346,317 | -8.61% |
| Net income | 2,742,529 | 4,567,149 | 66.53% |
| Dividend | 3,382,050 | 6,200,425 | 83.33% |
| Net profit margin(%) | 10.38% | 17.96% | 7.57% |
| Earnings per share(dollar) | 0.49 | 0.81 | 65.31% |
TSC adheres to the principle of paying taxes honestly according to law, which contributes to the country’s construction and development. In 2020, TSC paid a total of NT 4,161,490 thousand dollars in taxes and fees to local and central governments in Taiwan, a 1.74% decrease compared with the NT 4,235,097 thousand dollars in 2019. We will continue to focus on the steady development of the Company and create the maximum value for our shareholders.
For information about TSC’s final report, annual report for shareholders' regular meetings and information on corporate governance, please refer to the public information section on TSC home page. https://goo.gl/PvJgAU
