Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

SINON Call Transcript 2022

Mar 21, 2022

51895_rns_2022-03-21_52741c41-b3d8-4fac-bcf6-99fed8729e54.pdf

Call Transcript

Open in viewer

Opens in your device viewer

==> picture [36 x 36] intentionally omitted <==

==> picture [52 x 52] intentionally omitted <==

==> picture [43 x 43] intentionally omitted <==

==> picture [33 x 33] intentionally omitted <==

==> picture [53 x 53] intentionally omitted <==

==> picture [44 x 44] intentionally omitted <==

2022

Sinon Corporation Investor Conference

Stock Code：1712 2022/3/22

==> picture [47 x 48] intentionally omitted <==

==> picture [720 x 180] intentionally omitted <==

01.Company Profile

==> picture [50 x 55] intentionally omitted <==

==> picture [50 x 73] intentionally omitted <==

==> picture [619 x 58] intentionally omitted <==

----- Start of picture text -----

Basic Information
----- End of picture text -----

  • Year Established:1955.

  • Year Listed on TWSE: Dec./1989.

  • Headquarter Location: Dadu Dist., Taichung, Taiwan.

  • Chairman：Mr. HORNG PO-YEN.

  • ：

  • Paid-in Capital NT$4.205 Billion

==> picture [102 x 18] intentionally omitted <==

3

==> picture [50 x 55] intentionally omitted <==

==> picture [50 x 73] intentionally omitted <==

==> picture [649 x 103] intentionally omitted <==

----- Start of picture text -----

Advancing Corporate Governance,
Pursuing Integrity and Sustainability.
----- End of picture text -----

Top 5%

6% to 20%

21% to 35%

51% above[36% to 50%]

Groups

2016

2014 2015

Year

2017 2018

2019

2020

✓ TWSE-listed companies Top 5%

✓ TWSE- or TPEx-listed mid-cap companies Top 5%

==> picture [102 x 18] intentionally omitted <==

4

==> picture [50 x 55] intentionally omitted <==

==> picture [625 x 75] intentionally omitted <==

----- Start of picture text -----

Business Scopes
----- End of picture text -----

==> picture [50 x 73] intentionally omitted <==

Biological Fermentation

Chemical Synthesis

✓ Working with World Renowned Multinationals to Advance the Production Process and Technology. ✓ Develop a Sustainable Environment.

✓ Microbiological Crop Protection Products. ✓ ECO-Friendly.

02

01

Food

Crop Protection

Safety

04 03

✓ To Safeguard Foods and Fresh Produce Straight from the Grower to the Table. ✓ To Be the Reliable Provider of Safe, Healthy, Excellent & Quality Merchandises.

✓ Assisting Growers with Crop Protection Know-How to Harvest Fresh Safe Produce. ✓ Excellent-Quality Crop Protection Products. ✓ Global Presence.

==> picture [102 x 18] intentionally omitted <==

5

==> picture [50 x 55] intentionally omitted <==

==> picture [625 x 75] intentionally omitted <==

----- Start of picture text -----

Business Scopes
----- End of picture text -----

==> picture [50 x 73] intentionally omitted <==

==> picture [267 x 359] intentionally omitted <==

無人機＋微生物製劑強強聯手 興農分享大甲芋頭田管理經驗

==> picture [212 x 162] intentionally omitted <==

興農植物保護部協理 蔡至勇強調，興農流 提倡『最後一哩路』 就是幫農民減少化藥、 提高微生物使用量。

==> picture [249 x 166] intentionally omitted <==

==> picture [102 x 18] intentionally omitted <==

6

7

==> picture [50 x 55] intentionally omitted <==

==> picture [670 x 484] intentionally omitted <==

----- Start of picture text -----

Business Scopes
----- End of picture text -----

==> picture [648 x 80] intentionally omitted <==

----- Start of picture text -----

Business Scopes
----- End of picture text -----

==> picture [238 x 61] intentionally omitted <==

==> picture [298 x 211] intentionally omitted <==

==> picture [385 x 297] intentionally omitted <==

==> picture [102 x 18] intentionally omitted <==

8

9

==> picture [50 x 55] intentionally omitted <==

==> picture [631 x 74] intentionally omitted <==

----- Start of picture text -----

Business Scopes
----- End of picture text -----

==> picture [50 x 73] intentionally omitted <==

==> picture [352 x 400] intentionally omitted <==

==> picture [102 x 18] intentionally omitted <==

==> picture [50 x 55] intentionally omitted <==

==> picture [50 x 73] intentionally omitted <==

==> picture [625 x 69] intentionally omitted <==

----- Start of picture text -----

Business Scopes
----- End of picture text -----

Safe Farms: JGAP Certified. TGAP Certified.

Self-Laboratory. Rapid Screening for Pesticide Residues. Multiple Chemical Analysis.

Safe Application of Pesticides Technical Support Team.

Self- Agricultural Technology. Self- Experimental Farms.

Educate Farmer Contract Production.

==> picture [102 x 18] intentionally omitted <==

10

==> picture [50 x 55] intentionally omitted <==

==> picture [50 x 73] intentionally omitted <==

==> picture [625 x 66] intentionally omitted <==

----- Start of picture text -----

Business Scopes
----- End of picture text -----

TGAP Certified Organic Certified

Fruit and Vegetable Processing Plant: FSSC22000. HACCP. CAS Certified.

==> picture [102 x 18] intentionally omitted <==

11

12

==> picture [50 x 55] intentionally omitted <==

==> picture [50 x 73] intentionally omitted <==

==> picture [631 x 74] intentionally omitted <==

----- Start of picture text -----

Business Scopes
----- End of picture text -----

==> picture [102 x 18] intentionally omitted <==

==> picture [50 x 55] intentionally omitted <==

==> picture [50 x 73] intentionally omitted <==

==> picture [614 x 74] intentionally omitted <==

----- Start of picture text -----

Business Scopes
----- End of picture text -----

==> picture [102 x 18] intentionally omitted <==

13

==> picture [720 x 180] intentionally omitted <==

02.Financial Results

==> picture [50 x 55] intentionally omitted <==

==> picture [642 x 74] intentionally omitted <==

----- Start of picture text -----

Revenues by Products
----- End of picture text -----

==> picture [50 x 73] intentionally omitted <==

Unit：% of sales 2021 Sales NT$ 18.65 billion

2020

Sales NT$ 17.48 billion

==> picture [679 x 291] intentionally omitted <==

----- Start of picture text -----

Other,
Houseware & Other,
4.6%
Foodservices, 4.5%
Houseware &
11.0%
Foodservices,
11.5%
Supermarket, Crop Protction,
Supermarket, Crop Protction,
25.9% 58.6%
26.0% 57.9%
15
----- End of picture text -----

Consolidated P/L
Unit：NT$ billion，%
Item
2020
%
2021
%
YoY(%)
Net Revenue
17.48
100.0%
18.65
100.0%
6.6%
Gross Profit
4.7
26.9%
5.2
28.0%
10.9%
Income from
Operations
0.98
5.6%
1.15
6.1%
17.1%
Income before
Income Tax
0.85
4.9%
1.15
6.2%
35.7%
Net Income
0.72
4.1%
0.93
5.0%
28.8%
Net Income
Attributable to :
Shareholders of the
Parent
0.716
4.1%
0.921
4.9%
28.7%
Basic EPS(NT$)
1.70
2.19

==> picture [102 x 18] intentionally omitted <==

16

0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
%		 17
Profitability Analysis
27.3%
27.1%
26.6%
26.9%
28.0%
5.1%
5.2%
5.2%
5.6%
6.1%
3.4%
4.0%
4.0%
4.1%
5.0%
160
165
170
175
180
185
190
2017
2018
2019
2020
2021
Revenues
Net Margin
Operating Margin
Gross Margin
NT$ billion		 17
Profitability Analysis
27.3%
27.1%
26.6%
26.9%
28.0%
5.1%
5.2%
5.2%
5.6%
6.1%
3.4%
4.0%
4.0%
4.1%
5.0%
160
165
170
175
180
185
190
2017
2018
2019
2020
2021
Revenues
Net Margin
Operating Margin
Gross Margin
NT$ billion		 17
Profitability Analysis
27.3%
27.1%
26.6%
26.9%
28.0%
5.1%
5.2%
5.2%
5.6%
6.1%
3.4%
4.0%
4.0%
4.1%
5.0%
160
165
170
175
180
185
190
2017
2018
2019
2020
2021
Revenues
Net Margin
Operating Margin
Gross Margin
NT$ billion		 17
Profitability Analysis
27.3%
27.1%
26.6%
26.9%
28.0%
5.1%
5.2%
5.2%
5.6%
6.1%
3.4%
4.0%
4.0%
4.1%
5.0%
160
165
170
175
180
185
190
2017
2018
2019
2020
2021
Revenues
Net Margin
Operating Margin
Gross Margin
NT$ billion		 17
Profitability Analysis
27.3%
27.1%
26.6%
26.9%
28.0%
5.1%
5.2%
5.2%
5.6%
6.1%
3.4%
4.0%
4.0%
4.1%
5.0%
160
165
170
175
180
185
190
2017
2018
2019
2020
2021
Revenues
Net Margin
Operating Margin
Gross Margin
NT$ billion		 17
Profitability Analysis
27.3%
27.1%
26.6%
26.9%
28.0%
5.1%
5.2%
5.2%
5.6%
6.1%
3.4%
4.0%
4.0%
4.1%
5.0%
160
165
170
175
180
185
190
2017
2018
2019
2020
2021
Revenues
Net Margin
Operating Margin
Gross Margin
NT$ billion
27.3%
27.1%
26.6%
26.9%
28.0%
5.1%
5.2%
5.2%
5.6%
6.1%
3.4%
4.0%
4.0%
4.1%
5.0%

==> picture [684 x 468] intentionally omitted <==

----- Start of picture text -----

Debts Ratio
68.0%
66.0%
64.0%
62.0%
60.0%
58.0%
56%
56.0%
54%
54.0% 53% 53%
52%
52.0%
50.0%
2017 2018 2019 2020 2021
----- End of picture text -----

==> picture [102 x 18] intentionally omitted <==

18

Dividend Payout
Item
2017
2018
2019
2020
2021
Net Revenue
(NT$ billion)
17.28
18.13
17.08
17.48
18.65
Net Income Attributable to :
Shareholders of the Parent
(NT$ billion)
0.58
0.73
0.67
0.72
0.92
Basic EPS
(NT$)
1.50
1.74
1.60
1.70
2.19
Stock Dividend p/s
(NT$)
1.002
1.300
1.300
1.300
1.800
Payout Ratio(%)
66.8%
74.7%
81.3%
76.5%
82.2%
Annual Avg. Stock Price
(NT$)
16.32
17.03
18.70
19.40
23.25
Yield Rate(%)
6.1%
7.6%
7.0%
6.7%
7.7%

==> picture [102 x 18] intentionally omitted <==

19

==> picture [720 x 180] intentionally omitted <==

03.Q&A

==> picture [50 x 55] intentionally omitted <==

==> picture [50 x 73] intentionally omitted <==

Thank You.

==> picture [102 x 18] intentionally omitted <==

More from SINON

Regulatory Filings 2026
May 14
Interim / Quarterly Report 2026
May 14
Interim / Quarterly Report 2026
May 14
Interim / Quarterly Report 2026
May 11
Regulatory Filings 2026
May 8
Regulatory Filings 2026
May 8
Regulatory Filings 2026
May 8
Regulatory Filings 2026
May 8
Regulatory Filings 2026
May 8
Regulatory Filings 2026
May 8
View all filings →