SINON — Investor Presentation 2017

Sep 25, 2017

2017

興農股份有限公司 法人說明會 股票代碼 1712 2017/9/26

大綱 STEP STEP STEP 01 02 03 公司簡介 財務摘要 Q&A時間

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01.公司簡介

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基本資料

• 成立時間：西元1955年

• 股票上市時間：西元1989年12月

• 總部地點：台中市大肚區

• 公司負責人：洪博彥

• 資本額：38.4億(2017.6.30止)

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經營理念

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誠實
公平
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經營
理念

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利益
兼顧
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事業發展領域

01 化學合成

• 與世界大廠合作， 精進製程開發技術

• 環境永續發展

04 食品安全

• 從產地到餐桌

• 安全、健康、優質 商品的提供者

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01
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02 生物發酵

• 微生物植保產品

• 友善環境

03 植物保護

• 技術指導農友，生 產安全農產品

• 高品質植保產品

• 全球化

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事業發展領域

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事業發展領域

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事業發展領域

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事業發展領域

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事業發展領域

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事業發展領域

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地區別銷售佔比(2016年)

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5%
歐洲
23%
亞洲
11%
59%
美洲
台灣
2%
澳洲
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營業項目佔比

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2016年1-8月 2017年1-8月
營收109.4億元 營收112.4億元
4.0% 4.1%
8.7% 9.3%
27.4% 26.4%
59.9% 60.2%
植物保護
超市百貨
家用品團膳
其它
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02.財務摘要

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股利分派

		項目	2012	2013	2014	2015	2016
		營業收入(億元)	142.2	157.2	172.9	177.3	162.9
		本期淨利(億元) (歸屬於本公司業主)	4.2	4.6	5.1	3.5	5.5
		每股盈餘(元)	1.25	1.37	1.51	1.03	1.60
		每股現金股利(元)	0.800	0.795	0.895	0.600	0.939
		發放比例(%)	64.0%	58.0%	59.3%	58.3%	58.7%
		年平均股價(元)	13.31	15.23	17.17	15.26	14.43
		殖利率(%)	6.0%	5.2%	5.2%	3.9%	6.5%

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合併損益表

								單位:億元，%	單位:億元，%	單位:億元，%
		項目	2016	H1	%	2017	H1	%	成長率 (%)
		營業收入		83.3	100.0		84.5	100.0	1.4
		營業毛利		22.8	27.4		23.1	27.3	1.1
		營業利益		3.5	4.1		4.4	5.2	27.0
		稅前淨利		3.7	4.4		4.0	4.7	8.5
		稅後淨利		3.1	3.7		3.3	3.9	7.3
		母公司業主淨利		3.02	3.6		3.28	3.9	8.7
		基本每股盈餘(元)		0.88			0.90

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季營收

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單位:億元，季
50
45
40
35
30 Q1
25 Q2
20 Q3
Q4
15
10
5
0
2012 2013 2014 2015 2016 2017
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獲利能力
30.0%
27.5% 27.3%
26.5% 26.4%
25.4% 25.3%
25.0%
20.0%
毛利率(%)
15.0%
營業利益率(%)
稅後淨利率(%)
10.0%
5.2%
4.6% 4.3% 3.8% 4.0%
5.0% 3.2%
3.5% 3.9%
2.9% 2.8% 3.0% 2.0%
0.0%
2012 2013 2014 2015 2016 2017H1
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負債比

68.0% 66.6% 66.0% 65.4% 64.7% 64.0% 63.3% 62.7% 62.0% 60.2% 60.0% 60.0% 58.0% 56.0% 2012Q4 2013Q4 2014Q4 2015Q4 2016Q4 2017Q1 2017Q2

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03.Q&A時間

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敬請指教謝謝

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