In 2020, Nan Ya Plastics Corp. (NPC) recorded a consolidated revenue of NT$ 273.35 billion, 4.5% lower than NT$ 286.30 billion in 2019; and a consolidated pre-tax income of NT$ 30.44 billion, a growth of 14.1% compared to NT$ 26.69 billion in 2019.
Facing the pandemic at the beginning of 2020, the industry made a transition—from a passive response to an active adaptation; and from lowering the impact to seeking a new economy and business opportunities. Therefore, despite a decrease in the cumulative revenue for the whole year and a significant drop in non-operating income generated from investments under the equity method due to unfavorable external factors such as the pandemic and fluctuation in oil prices, the operating profit of the business still increased quarter by quarter and reached the peak in the fourth quarter. With the profit generated from core business, the consolidated pre-tax income still grew amidst unfavorable conditions.
NPC has accelerated the research and development of new applications, new materials, and products that meet environmental protection trend and have unique speci fication, and increased the proportion of production and sales of differentiated and high-value products. NPC continues to transform and deploys automated monitoring equipment to ensure quality stability of production process, and together with e-commerce and online marketing, it has expanded into high-end markets such as the U.S. and Japan as well as potential emerging markets. With market expansion, sales increase, capacity utilization increase, cost reduction, the advantages of distributing pro duction domestically and overseas in Taiwan, China, the U.S.,and Vietnam, and timely adjustment of plants' production and sales, NPC strives to provide customers with satisfied services. The efforts of NPC have enabled plastic processing products to provide stable profitability.