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 2023, with the joint efforts of all units and all employees, the total revenue reached NTD 34.695 billion, the total expenditure was NTD 30.208 billion, the net profit was NTD 4.487 billion; the net profit margin accounted for 14.87%, TSC’s business bases are located in Taiwan, Vietnam, the United States, and Canada.We strictly abide by the local laws and regulations of the countries, adhere to integrity management, and pay taxes honestly.
TSC's Condensed Incoms Statement in Recent Three Years (Unit: NTD: thousand)
| Item/year | 2021 | 2022 | 2023 | The percentage of increase or decrease compared with the previous year (%) |
|---|---|---|---|---|
| Operating income | 27,122,957 | 28,823,585 | 30,187,223 | 4.73% |
| Other income | 2,502 | 9,741 | - | -100.00% |
| Non-operating income | 31,787,905 | 32,461,105 | 4,507,798 | 24.26% |
| Total revenue | 31,787,905 | 32,461,105 | 34,695,021 | 6.88% |
| Operating cost | 21,643,010 | 22,854,763 | 23,578,688 | 3.17% |
| Operating expenses | 4,127,206 | 4,227,577 | 4,329,600 | 2.41% |
| Other expenses | - | - | 46,261 | - |
| Non-operating express | 2,226,713 | 2,922,508 | 2,244,421 | -23.20% |
| Income tax expense (benefits) | -116,661 | 28,068 | 8,567 | -69.48% |
| Total expenses | 27,880,268 | 30,032,916 | 30,207,537 | 0.58% |
| Net income | 3,907,637 | 2,428,189 | 4,487,484 | 84.81% |
| Dividend | 3,945,725 | 2,818,375 | 3,945,725 | 40.00% |
| Net profit margin(%) | 14.41% | 8.42% | 14.87% | 6.45% |
| Earnings per share(元) | 0.69 | 0.43 | 0.80 | 86.05% |
For information about TSC’s final report, annual report for shareholders' regular meetings and information on corporate governance, please refer to the About TSC section on TSC home page.
Assisted the government in stabilizing economic policies for people’s livelihood
The Company is a state-owned business and serves as the function of assisting the government in stabilizing the prices of pork, sugar, cooking oil and other large-scale staple merchandise.
- Stabilizing hog prices: In 2023, TSC cooperated with the policy of Ministry of Agriculture, Executive Yuan and regulated pig production and sales. A total of 14,137 pigs were allocated to stabilize the pork prices and supply high-quality and safe domestic port to the public.
- Stabilizing soybean oil prices: TSC works in line with the government policy of stabilizing prices. The salad oil TSC produces maintains the lowest distribution price in the market, effectively taking care of the livelihood of the disadvantaged groups.
- Stabilizing sugar prices: To ensure domestic availability of food with safe and sufficient basic calories and nutrition all year round, TSC fulfills its corporate responsibility and sticks to the remaining two self-produced sugar factories in Taiwan to maintain the minimum safe supply of self-produced sugar domestically. In addition, TSC also works with the government by stabilizing the commodity prices. When the prices of the international sugar market is high, the retail price of sugar remains at NTD 36/kg and lower.
- Freeze on commodity prices: The global commodity prices have surged. To cooperate with the government’s price stabilization policy, the retail price of sugar remained at NTD 36/kg. The retail price of the salad oil (3L) remains at NTD 169
- Provide affordable necessities (food): TSC Million Convenience Store took the lead in setting up the “Parity Zone” from January, 2023 to February, 2023.
