Operational Governance
Business Performance
Business Performance / Continuous Value Creation
Looking back to 2023, the overall economy was affected by international inflation and interest rate hikes, wars and geopolitical conflicts, climate change, and food price fluctuations, all of which posed severe challenges to corporate operations. In particular, the plant protection market price is volatile, and global agrochemicals are facing destocking and price collapses, resulting in weak market demand. Taiwan's agriculture is facing a drought, resulting in irrigation suspension for rice and policy factors, reducing the cultivated area.
In an overview of the operation performance of the Group, in terms of crop protection business, although overseas markets were affected by price fluctuations, fortunately, the main markets in Europe and India have less pressure on inventory, and sales volume has remained unchanged. At the same time, we are also working with alliances of multinational companies and key suppliers to overcome the crisis together. In the domestic market, in support of the government's environmentally friendly development and the circular economy energy saving and carbon reduction policy, we continue to develop microorganisms, registration-free materials, and organic fertilizers that reuse agricultural materials. Products with anti-stress management and labor-saving management products help farmers overcome cultivation problems. We also work with major international crop protection companies to introduce new products. While taking the income for farmers and the food safety for consumers into account, we provide complete solutions for crop protection and nutritional cultivation, and consolidate the brand advantage and market share of domestic crop protection preparations.
As for the subsidiaries, Funcom Supermarket continues to strengthen the core competitiveness of fresh products, actively convey the brand value of food safety to consumers, bring customers quality services, and create warm stores. Yumei Biotec Corporation's agricultural distribution has been working with large hypermarkets, grocery stores, and restaurant chains to expand its customer base and increase product lines to satisfy customers' diverse needs. The household products market is segmented by environmental protection, natural organic, and pet and medical cleaning products.
Sinon Group achieved consolidated revenue of NT$ 19.11 billion in 2023, net profit attributable to owners of the company of NT$ 1.05 billion, and earnings per share of NT$ 2.50.
In an overview of the operation performance of the Group, in terms of crop protection business, although overseas markets were affected by price fluctuations, fortunately, the main markets in Europe and India have less pressure on inventory, and sales volume has remained unchanged. At the same time, we are also working with alliances of multinational companies and key suppliers to overcome the crisis together. In the domestic market, in support of the government's environmentally friendly development and the circular economy energy saving and carbon reduction policy, we continue to develop microorganisms, registration-free materials, and organic fertilizers that reuse agricultural materials. Products with anti-stress management and labor-saving management products help farmers overcome cultivation problems. We also work with major international crop protection companies to introduce new products. While taking the income for farmers and the food safety for consumers into account, we provide complete solutions for crop protection and nutritional cultivation, and consolidate the brand advantage and market share of domestic crop protection preparations.
As for the subsidiaries, Funcom Supermarket continues to strengthen the core competitiveness of fresh products, actively convey the brand value of food safety to consumers, bring customers quality services, and create warm stores. Yumei Biotec Corporation's agricultural distribution has been working with large hypermarkets, grocery stores, and restaurant chains to expand its customer base and increase product lines to satisfy customers' diverse needs. The household products market is segmented by environmental protection, natural organic, and pet and medical cleaning products.
Sinon Group achieved consolidated revenue of NT$ 19.11 billion in 2023, net profit attributable to owners of the company of NT$ 1.05 billion, and earnings per share of NT$ 2.50.
Direct Economic Value Generated and Distributed by the Organization
Unit: NT$ million
| Items | Essential Factors | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Direct economic value generated | Income | 17,081 | 17,484 | 18,646 | 23,043 | 19,113 |
| Economic value distributed | Operating cost | 12,541 | 12,780 | 13,431 | 16,548 | 13,913 |
| Employee salary and benefits(Note 1) | 2,534 | 2,625 | 2,776 | 2,871 | 2,879 | |
| Payments to providers of capital (Note 2) | 547 | 547 | 757 | 1,177 | 1,177 | |
| Payments to government(Note 3) | 210 | 146 | 142 | 294 | 390 | |
| Community investment(Note 4) | 1.1 | 1.2 | 1.8 | 1.8 | 3.5 | |
| Economic value retained (Note 5) | 1,248 | 1,385 | 1,538 | 2,151 | 750 | |
Note 1: Includes bonuses, labor and health insurance, pension and so on fees on workforce
Note 2: Distributed cash dividends
Note 3: Paid income tax
Note 4: Charity expenses in the form of donations to charity groups and communities
Note 5: Economic value retained = Direct economic value generated - Economic value distributed
Note 2: Distributed cash dividends
Note 3: Paid income tax
Note 4: Charity expenses in the form of donations to charity groups and communities
Note 5: Economic value retained = Direct economic value generated - Economic value distributed
