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Energy Minerals

Formosa Petrochemical Corp.

Business Summary

Formosa Petrochemical Corp. engages in the business of refining crude oil and selling & producing of olefins including ethylene, propylene, butadiene, BTX. Its products include gasoline, diesel, liquefied petroleum gas, aviation fuels, kerosene, naphtha, petrochemical, fuel oil, asphalt, sulfur, base oil, lubricant and refined petroleum products. The company also provide electricity, steam, and other utilities products generated from its co-generation power plants. Formosa Petrochemical company was founded on April 6, 1992 and is headquartered in Taipei, Taiwan.

Financial Highlights

Dec 2022 TWDUSD
Gross Profit15,098.43M506.43M
Operating income5,420.13M181.80M
Income before tax17,656.62M592.24M
Net income14,421.56M483.73M
Diluted EPS1.510.05
Dividends Per Share1.100.03
Total Assets421,781.46M13,722.94M
Total liabilities104,496.10M3,399.85M
Total equity312,488.43M10,167.02M
Operating cash flow-4,363.43M-146.36M
Currency in TWDCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 767,550.21M 646,022.80M 415,281.76M 620,062.32M 848,048.49M
Gross Profit 76,747.49M 46,684.33M 11,936.61M 64,678.24M 15,098.43M
Operating income 66,469.32M 36,785.65M 2,768.76M 55,177.38M 5,420.13M
Income before tax 74,079.17M 44,072.86M 7,160.14M 59,991.78M 17,656.62M
Net income 60,090.22M 36,798.21M 7,429.60M 49,401.40M 14,421.56M
EBITDA 79,687.85M 48,878.29M 15,371.34M 68,164.75M 20,438.30M
Diluted EPS 6.30 3.86 0.77 5.18 1.51
Dividends Per Share 4.80 2.90 0.59 3.80 1.10
Total Assets 405,769.45M 398,031.79M 380,923.11M 458,757.10M 421,781.46M
Total liabilities 65,113.27M 64,029.78M 68,296.04M 96,990.02M 104,496.10M
Total equity 337,738.20M 330,223.06M 308,101.35M 357,414.46M 312,488.43M
Operating cash flow 78,789.11M 48,917.16M 37,882.12M 37,601.06M -4,363.43M
 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 25,453.95M 20,898.29M 14,103.87M 22,199.09M 28,445.62M
Gross Profit 2,545.14M 1,510.19M 405.39M 2,315.57M 506.43M
Operating income 2,204.29M 1,189.98M 94.03M 1,975.42M 181.80M
Income before tax 2,456.65M 1,425.71M 243.17M 2,147.78M 592.24M
Net income 1,992.74M 1,190.39M 252.32M 1,768.63M 483.73M
EBITDA 2,642.65M 1,581.17M 522.04M 2,440.39M 685.55M
Diluted EPS 0.20 0.12 0.02 0.18 0.05
Dividends Per Share 0.15 0.09 0.02 0.13 0.03
Total Assets 13,201.33M 13,277.90M 13,556.94M 16,581.38M 13,722.94M
Total liabilities 2,118.40M 2,135.96M 2,430.63M 3,505.62M 3,399.85M
Total equity 10,988.00M 11,015.88M 10,965.24M 12,918.44M 10,167.02M
Operating cash flow 2,612.85M 1,582.42M 1,286.55M 1,346.17M -146.36M

Valuation Measures

Dec 2022
Operating margin0.63%
Profit margin1.70%

Key executives

  • General Manager & Director: Ming Tsao
  • Chief Financial Officer & Deputy Spokesman: Chien Tang Tsai
  • Deputy General Manager: Han Ting Chen
  • Director & Deputy General Manager: Jui Shih Chen
  • Director & Deputy General Manager: Ling Sheng Ma


  • Formosa Plastics Corp. (28.5%)
  • Formosa Chemicals & Fibre Corp. (24.1%)
  • Nan Ya Plastics Corp. (23.1%)
  • Chang Gung Medical Foundation (5.7%)
  • Formosa Taffeta Co., Ltd. (3.8%)
  • Chuang Shih Capital Group Co. Ltd. (0.6%)
  • Pao Erh Energy Co. Ltd. (0.5%)
  • Chung Yang Capital Management Co. Ltd. (0.4%)
  • Labor Pension New Fund (0.4%)
  • Asia Optical Co., Inc. (0.4%)

Contact Details

  • Website:
  • Address: Formosa Building, Room 377, 4th Floor, Taipei, 105 08, Taiwan
  • Phone: +886.2.2712.2211

Related Companies

  • FG, Inc.
  • FPCC USA, Inc.
  • Formosa Petrochemical Transportation Corp.
  • Tai Yifong Co. Ltd.
  • Formosa Fairway Corp.
  • Formosa Oil (Asia Pacific) Corp.
  • Liu Ching Motors Co. Ltd.
  • Tai Ya Petrolium Co. Ltd.
  • Whale World International Co. Ltd.
  • Chia Te Hsing Co. Ltd.


  • China Petroleum & Chemical Corporation Class H
  • Hans Energy Co. Ltd.
  • China Sanjiang Fine Chemicals Co., Ltd.
  • Shin-Etsu Chemical Co Ltd
  • Oil Refineries Ltd.
  • Shan-Loong Transportation Co., Ltd.
  • Formosa Taffeta Co., Ltd.
  • USI Corporation
Last Updated on 30 May, 2023

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