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FOPCO Interim / Quarterly Report 2021
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Download source fileFORMOSA OILSEED PROCESSING CO., LTD.
2021 Third Quarter
Results Report
Stock Code：1225
Notes:
Company Profile
Date of Establishment：April 18th, 1986
Listed in Taiwan Stock Exchange on Sep., 1993
Stock Code：1225
The company has obtained the relevant certification as follows :
ISO 9001
ISO 22000
HACCP (Hazard Analysis Critical Control Points)
HALAL (Taiwan Halal Integrity Development Association)
FACS (Food Safety Accreditation & Certification System)
Location
TAIPEI BRANCH OFFICE
The plant is in a centralized location wedged between interchange 189 and interstate 1 ; two of the most convenient transport routes in Taiwan. This allows us to rapidly attend to the needs of our customers within just 4 hours of any direction. As such, the attentiveness of our service has garnered the recognition and praise of our customers over the years.
HEAD OFFICE
Major Business
| DEPT | Production and sale |
| --- | --- |
| OIL DEPT | soybean oil, soybean meal, full fat soybean meal, palm oil. |
| ANIMAL FEED DEPT | Manufacturing and sales business of feed, barley, corn and by-products, full fat soybean meal and by-products. General import and export trading business. Import and sale of corn, soybean, wheat, barley, other grains etc. |
| FLOUR DEPT | flour, wheat bran, wheat pollard, wheat germ etc. |
Major Business Proportion
Production Profile
Unit：MT；NTD in Thousands
| 2021/1/1~9/30 | | | |
| --- | --- | --- | --- |
| Production value | Capacity | Quantity | Output value |
| OIL DEPT | 243,000 | 163,828 | 3,276,992 |
| ANIMAL FEED DEPT | 148,500 | 89,313 | 1,203,808 |
| FLOUR DEPT | 180,000 | 188,263 | 2,062,893 |
| Total | 571,500 | 441,404 | 6,543,693 |
Sale Profile
Unit：MT；NTD in Thousands
| 2021/1/1~9/30 | | | | |
| --- | --- | --- | --- | --- |
| Sales value | Domestic value | | Export value | |
| | Quantity | Sales value | Quantity | Sales value |
| OIL DEPT | 171,527 | 4,142,656 | 8,185 | 273,054 |
| ANIMAL FEED DEPT | 208,326 | 2,584,773 | 24,416 | 173,596 |
| FLOUR DEPT | 141,295 | 2,052,109 | 10,399 | 113,383 |
| OTHER EDPT | 1,616 | 108,223 | - | - |
| Total | 522,764 | 8,887,761 | 43,000 | 560,033 |
Annual Segment Information (Consolidated)
Unit：NTD in Thousands
| Item | 2021/1/1~9/30 | | 2020/1/1~9/30 | | YOY |
| --- | --- | --- | --- | --- | --- |
| | Amount | % | Amount | % | |
| Revenue | 9,447,797 | 100 | 7,489,528 | 100 | 26% |
| Gross Profit | 860,254 | 9 | 756,539 | 10 | 14% |
| Selling Expenses | 297,044 | 3 | 279,536 | 4 | 6% |
| Administrative Expenses | 141,451 | 2 | 126,018 | 2 | 12% |
| Research and Development Expenses | 27,438 | - | 25,764 | - | 6% |
| Operation Profit | 396,236 | 4 | 327,429 | 4 | 21% |
| Profit Before Tax | 444,311 | 5 | 358,636 | 5 | 24% |
| Profit After Tax | 362,904 | 4 | 254,648 | 3 | 43% |
| Profit After Tax (attribute to owners of the parent) | 330,365 | 4 | 227,752 | 3 | 45% |
| EPS (NTD dollar) | 1.51 | | 1.04 | | |
Key Balance Sheet Items & Indices (Consolidated)
Unit：NTD in Thousands
| Item | 2021 Q3 | | 2020 Q3 | |
| --- | --- | --- | --- | --- |
| | Amount | % | Amount | % |
| Property, Plant & Equipment | 3,189,938 | 39 | 2,952,271 | 40 |
| Total Assets | 8,202,060 | 100 | 7,443,695 | 100 |
| Interest-bearing Debt (short / long-term borrowings、short-term notes and bills payable、corporate bonds) | 3,664,114 | 46 | 3,170,982 | 43 |
| Total Liabilities | 4,453,810 | 54 | 3,876,876 | 52 |
| Total Equity | 3,748,250 | 46 | 3,566,819 | 48 |
| Key Indices | | | | |
| Current Ratio | 132% | | 130% | |
| Acid Test Ratio | 85% | | 86% | |
| Total Liabilities to Equity Ratio | 119% | | 109% | |
Key Cash Flow Items(Consolidated)
Unit：NTD in Thousands
| Items | 2021/1/1~9/30 | 2020/1/1~9/30 |
| --- | --- | --- |
| Beginning Balance | 1,225,893 | 819,700 |
| Net Cash provided by operating activities | (195,214) | 157,917 |
| Net Cash (used in) provided by investing activities | (124,191) | 380,062 |
| Net Cash (used in) provided by financing activities | 130,160 | (406,238) |
| Net increase (decrease) in short-term loans and short-term notes / bills payable | 789,580 | (29,027) |
| Net increase (decrease) in long-term loans | (310,000) | (35,484) |
| Ending Balance | 1,035,044 | 950,606 |
Taichung Port Area
New Factory Construction Project
Location：Taichung Port
Estimated production date：2022 Q1
Estimated investment amount：NTD1,350,000,000
Production capacity ：200 MT/Day
Thank you for your attention.