SINON — Investor Presentation 2021

Nov 10, 2021

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2021

興農股份有限公司 法人說明會

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股票代碼：1712

2021/11/11

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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：42億5佰萬

3

2020年公司治理評鑑榮獲二項殊榮

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4

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精進公司治理，追求誠信永續的興農

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6%~20% 21%~35% 36%~50% 51%以上 2019 2017 2014 2016 2018

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級距
2014
年
2015
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前5%

2020

 上市公司前5%

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 市值50~100億前5%
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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

01

04

02生物科技

02

• 微生物植保產品

• 友善環境

03植物保護 03  技術指導農友，

• 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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興農
01
03
農友
米廠 興農流栽培管理 02 代耕
代噴業者
8
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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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榮獲
法國       驗證

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02.財務摘要

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營業項目佔比

2020年1-10月

2021年1-10月

營收148億元

營收157億元

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其他,
其他
4.3%
家用團膳, 4.1%
家用團膳
11.4%
10.9%
超市百貨
超市百貨,
植物保護, 植物保護
26.5%
26.2%
58.1% 58.5%
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地區別銷售佔比(2020年)

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4%
歐洲 8%
9% 東北亞
中國
11%
60%
美洲
8%
台灣
亞洲其他
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股利分派

	項目 2015 2016 2017 2018 2019 2020
	營業收入(億元) 177.3 162.9 172.8 181.3 170.8 174.8
	本期淨利(億元) (歸屬於本公司業主) 3.5 5.5 5.8 7.3 6.7 7.2
	每股盈餘(元) 1.03 1.60 1.50 1.74 1.60 1.70
	每股現金股利(元)0.600 0.939 1.002 1.300 1.300 1.300
	發放比例(%) 58.3% 58.7% 66.8% 74.7% 81.3% 76.5%
	年平均股價(元) 15.26 14.43 16.32 17.03 18.70 19.40
	殖利率(%) 3.9% 6.5% 6.1% 7.6% 7.0% 6.7%

合併損益表

	單位:億元，%
	項目 2020 前三季 % 2021 前三季 % 成長率 (%)
	營業收入 134.8 100.0% 141.7 100.0% 5.1%
	營業毛利 36.8 27.3% 39.5 27.8% 7.1%
	營業利益 9.0 6.7% 9.4 6.6% 4.8%
	稅前淨利 7.2 5.3% 9.1 6.4% 26.7%
	稅後淨利 6.0 4.4% 7.4 5.2% 23.4%
	母公司業主淨利 5.9 4.4% 7.3 5.1% 22.9%
	基本每股盈餘(元) 1.41 1.73
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獲利能力

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30.0% 200
26.4% [27.5% ] [27.3% 27.1% ] [26.6% 26.9% 27.8% ]
180
25.0%
160
140
20.0% Q4營收
120 Q3營收
Q2營收
15.0% 100
Q1營收
80
毛利率
10.0%
60 營業利益率
6.6%
5.6%
5.1% 5.2% 5.2% 稅後淨利率
40
3.8% 4.0%
5.0%
5.2%
20
4.0% 4.0% 4.1%
3.5% 3.4%
0.0% 2.0% 0
2015 2016 2017 2018 2019 2020 2021
前三季
% 億元
19
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負債比

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68.0%
66.0% 65%
64.0% 63%
62.0%
60.0%
58.0%
56%
56.0%
54%
54.0% 53%
52%
52.0% 51%
50.0%
2015 2016 2017 2018 2019 2020 2021Q3
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03.Q&A

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敬請指教 謝謝

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