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FPC (1301) Annual Reports

Q: Where can I download FPC (1301) annual reports?

Every financial year on this page links straight to the PDF filed with the Market Observation Post System (MOPS), Taiwan's statutory disclosure platform. 2 years are available in English.

Q: What is an investor conference?

The Taiwanese equivalent of an earnings call. Listed companies present quarterly results and file the presentation deck with MOPS, usually in both languages.

Listed on the Taiwan Stock Exchange (TWSE), classified under Chemicals, Plastics & Rubber. This page collects the company's annual reports, with files served directly by the Market Observation Post System (MOPS).

english annual reports

english presentations

2025

latest year

Company profile

Sector： All Chemicals, Plastics & Rubber stocks →
Listing date： 1964-07-27
Incorporated： 1954-11-05
Paid-in capital： NT$63.7bn

Website：Official site ↗

Financial history

Revenue & profit

Quarterly · In bn (TWD)

Revenue 47.3 bn Net income 10.7 bn

Taiwan filings are cumulative; figures here are restated to single quarters.

Show table：Income statement

Item	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Revenue	50.0	56.3	53.1	56.0	52.0	59.0	55.3	50.2	47.7	51.0	47.0	45.9	42.8	44.8	42.1	50.5	47.8	52.4	53.5	53.1	54.2	62.5	57.4	56.4	53.0	56.6	49.7	48.5	42.0	43.0	46.2	54.6	60.6	71.7	66.9	74.4	71.0	73.9	55.6	51.1	52.2	48.5	50.7	47.7	48.1	51.1	50.5	50.3	47.2	45.4	41.7	41.1	42.0	47.3
Gross profit	3.10	4.25	3.69	4.62	3.78	4.16	4.15	4.46	5.57	6.06	5.43	4.76	5.45	5.61	4.57	8.67	8.06	8.33	8.63	8.46	9.35	11.5	8.44	8.00	8.15	10.6	7.75	5.59	5.30	5.28	6.42	12.1	16.6	22.1	16.9	20.6	17.5	19.4	4.30	1.30	3.47	0.93	3.66	1.77	1.83	3.74	2.49	2.09	2.46	1.59	0.58	0.98	1.56	5.98
Operating income	0.54	1.28	0.86	1.90	1.09	1.45	1.38	1.59	2.94	3.39	2.77	1.40	2.88	2.96	1.71	5.47	5.49	5.54	5.60	5.31	6.67	8.56	5.40	4.70	5.27	7.62	4.77	2.54	2.49	2.42	3.36	8.83	12.9	18.4	12.8	16.1	13.3	15.3	0.48	-2.31	0.02	-2.47	0.18	-1.75	-1.45	0.17	-1.51	-1.38	-0.89	-1.56	-2.68	-2.37	-1.30	2.88
Pre-tax income	5.65	4.17	6.96	6.38	8.00	4.80	8.06	-0.31	4.45	12.2	11.8	6.67	6.65	11.7	12.1	13.4	10.8	11.7	18.0	14.5	13.7	20.5	19.8	3.09	9.33	12.6	16.7	3.61	0.13	-0.11	11.2	13.0	18.1	24.6	22.5	20.8	19.7	25.3	6.11	-7.35	2.47	1.07	6.84	-3.38	0.36	1.34	-3.24	-0.87	0.11	-6.87	-0.57	-2.88	3.38	10.9
Net income	5.50	3.10	6.48	5.63	7.21	3.76	7.52	-0.5	3.64	10.9	10.5	5.84	5.71	10.2	11.4	12.1	9.89	9.71	16.9	12.8	11.9	17.1	18.2	2.33	8.14	10.4	15.7	3.15	-0.39	-0.63	10.3	10.7	15.0	20.2	19.3	16.9	16.6	21.2	5.76	-7.39	2.34	1.23	6.67	-2.90	0.22	1.36	-3.09	0.28	0.05	-6.63	-0.6	-2.87	3.27	10.7

Balance sheet

Quarterly · In bn (TWD)

Total assets 781 bn Total liabilities 207 bn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Current assets	134	138	135	143	140	146	147	160	165	161	150	149	163	154	152	173	177	189	182	184	199	211	198	184	186	197	169	176	151	173	141	166	184	183	182	189	199	189	160	161	173	165	150	160	155	161	143	106	112	99.7	108	155	175	325
Total assets	375	398	397	409	411	437	428	431	436	432	422	424	438	434	422	456	459	462	468	476	513	544	517	502	514	518	493	497	460	468	442	479	510	513	527	544	566	551	523	511	525	520	522	531	531	549	522	497	506	470	489	558	594	781
Current liabilities	64.5	69.0	66.4	59.7	54.3	60.0	51.7	47.9	48.2	66.9	64.0	59.5	67.4	91.8	71.3	80.5	83.0	91.9	69.2	71.3	73.8	108	82.3	83.0	63.0	94.7	63.7	89.3	90.4	114	70.5	68.3	71.5	80.4	60.3	74.5	70.6	115	91.8	95.9	121	111	88.2	103	96.1	116	120	117	97.7	91.3	92.8	75.8	95.8	108
Total liabilities	139	147	146	146	146	157	153	145	144	151	150	136	143	158	136	143	142	157	133	131	133	175	150	146	141	173	142	148	149	178	150	147	151	155	142	140	138	175	154	154	181	177	172	183	194	208	207	208	216	203	198	194	203	207
Equity	235	251	251	262	265	279	275	286	292	281	272	287	295	276	286	313	317	305	336	345	380	369	368	356	374	345	351	349	311	290	293	333	359	358	384	403	428	376	369	358	344	342	350	347	337	341	315	289	290	267	292	363	390	574

Cash flow

Quarterly · In bn (TWD)

Operating -5.26 bn Investing 0.6 bn Financing 5.36 bn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating	1.82	7.83	3.61	3.01	-0.95	4.37	9.65	0.37	10.2	7.63	14.0	9.06	5.06	4.92	17.9	8.72	-1.22	10.2	32.7	4.36	3.07	9.66	30.5	7.30	8.43	3.38	26.8	8.00	-1.95	7.94	15.6	9.83	11.2	9.73	23.7	13.2	15.4	4.41	32.0	4.95	-2.89	-1.09	12.4	-2.27	-2.31	-5.90	14.9	4.79	-0.11	-0.93	7.39	0.26	1.18	-5.26
Investing	-0.71	-7.62	-3.70	-2.19	1.33	-4.36	-7.83	6.90	-0.12	1.82	-0.41	-0.19	-1.97	-8.43	-4.47	-5.63	11.8	-1.06	-16.0	1.19	-5.31	-7.45	-4.66	-3.08	-6.83	-0.82	-1.22	-11.6	-1.91	-2.41	0.45	-0.04	-6.85	-6.01	-5.47	-3.50	-2.47	-6.81	-3.19	-5.85	-1.40	-4.26	-3.62	-18.2	-2.12	-7.23	-5.43	-3.03	-4.18	-2.74	-3.31	4.13	-3.87	0.6
Financing	-0.78	0.54	-1.64	-3.01	0.59	-2.29	-1.27	-8.66	-4.46	-4.27	-3.10	-15.7	7.52	-6.85	-17.6	1.34	4.01	-17.2	-25.4	-4.84	2.04	3.53	-27.0	-3.28	-4.45	-1.80	-26.1	0.83	6.34	-2.10	-27.1	-9.70	-1.07	-8.46	-19.2	-7.29	-6.77	-5.29	-23.8	5.50	3.17	1.01	-7.79	16.1	4.12	12.4	-0.94	2.03	7.05	-5.41	-7.15	-3.35	1.88	5.36
Cash at period end	9.79	11.5	9.68	7.67	8.61	6.37	6.90	5.39	11.1	16.4	26.8	19.8	30.6	20.1	16.2	19.9	34.4	26.6	17.7	18.2	18.1	23.6	24.0	23.3	20.5	20.6	19.5	18.2	20.5	24.0	13.6	14.2	17.3	12.4	11.2	13.7	20.6	11.8	19.6	17.1	16.4	11.2	13.1	6.15	7.09	7.05	14.3	18.2	21.0	10.9	8.03	10.6	10.2	11.0

Profitability

Quarterly · %

Gross margin 12.7% Operating margin 6.1% Net margin 22.5%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Gross margin	6.2%	7.6%	6.9%	8.3%	7.3%	7.0%	7.5%	8.9%	11.7%	11.9%	11.6%	10.4%	12.7%	12.5%	10.8%	17.2%	16.9%	15.9%	16.1%	15.9%	17.3%	18.4%	14.7%	14.2%	15.4%	18.8%	15.6%	11.5%	12.6%	12.3%	13.9%	22.1%	27.3%	30.9%	25.3%	27.7%	24.7%	26.3%	7.7%	2.5%	6.6%	1.9%	7.2%	3.7%	3.8%	7.3%	4.9%	4.1%	5.2%	3.5%	1.4%	2.4%	3.7%	12.7%
Operating margin	1.1%	2.3%	1.6%	3.4%	2.1%	2.5%	2.5%	3.2%	6.2%	6.7%	5.9%	3.0%	6.7%	6.6%	4.0%	10.8%	11.5%	10.6%	10.5%	10.0%	12.3%	13.7%	9.4%	8.3%	9.9%	13.5%	9.6%	5.2%	5.9%	5.6%	7.3%	16.2%	21.3%	25.7%	19.1%	21.6%	18.8%	20.7%	0.9%	-4.5%	0.0%	-5.1%	0.3%	-3.7%	-3.0%	0.3%	-3.0%	-2.7%	-1.9%	-3.4%	-6.4%	-5.8%	-3.1%	6.1%
Net margin	11.0%	5.5%	12.2%	10.1%	13.9%	6.4%	13.6%	-1.0%	7.6%	21.3%	22.4%	12.7%	13.3%	22.8%	27.0%	23.9%	20.7%	18.6%	31.6%	24.2%	21.9%	27.5%	31.7%	4.1%	15.4%	18.3%	31.5%	6.5%	-0.9%	-1.5%	22.4%	19.6%	24.7%	28.2%	28.9%	22.6%	23.3%	28.7%	10.3%	-14.5%	4.5%	2.5%	13.2%	-6.1%	0.5%	2.7%	-6.1%	0.6%	0.1%	-14.6%	-1.4%	-7.0%	7.8%	22.5%

Returns & leverage

Quarterly · %

ROE 2.5% ROA 1.7% Debt ratio 26.5%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
ROE	—	—	—	7.9%	9.0%	8.7%	9.2%	6.6%	5.2%	7.7%	9.0%	10.8%	11.2%	11.6%	11.9%	13.1%	14.2%	14.8%	15.6%	15.0%	14.8%	17.5%	17.1%	14.2%	12.2%	10.9%	10.2%	10.6%	8.4%	5.6%	3.9%	5.9%	10.6%	17.3%	19.3%	19.4%	18.5%	20.1%	16.0%	9.5%	5.7%	0.5%	0.8%	2.1%	1.5%	1.6%	-1.3%	-0.4%	-0.5%	-3.1%	-2.3%	-3.1%	-2.0%	2.5%
ROA	—	—	—	5.1%	5.7%	5.5%	5.8%	4.3%	3.4%	5.0%	5.8%	7.2%	7.5%	7.5%	7.9%	9.0%	9.7%	9.6%	10.9%	10.6%	10.6%	11.7%	12.2%	10.1%	8.9%	7.3%	7.2%	7.5%	5.9%	3.6%	2.7%	4.1%	7.3%	11.5%	13.5%	13.9%	13.6%	13.9%	11.5%	6.8%	4.0%	0.4%	0.5%	1.4%	1.0%	1.0%	-0.8%	-0.2%	-0.3%	-1.8%	-1.4%	-1.9%	-1.2%	1.7%
Debt ratio	37.2%	37.0%	36.7%	35.8%	35.6%	36.0%	35.8%	33.7%	33.0%	35.0%	35.5%	32.1%	32.6%	36.4%	32.2%	31.3%	31.0%	34.0%	28.3%	27.5%	26.0%	32.2%	28.9%	29.1%	27.3%	33.4%	28.9%	29.8%	32.4%	38.0%	33.9%	30.6%	29.6%	30.2%	27.0%	25.8%	24.4%	31.8%	29.5%	30.0%	34.5%	34.1%	33.0%	34.5%	36.5%	37.9%	39.6%	41.8%	42.6%	43.3%	40.4%	34.9%	34.3%	26.5%

EPS

Quarterly · NT$

EPS NT$1.68

Show table：EPS

Item	2013Q1	2013Q2	2013Q3	2013Q4	2014Q1	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
EPS（NT$）	0.90	0.45	1.02	0.88	1.13	0.59	1.19	-0.08	0.57	1.71	1.65	0.92	0.90	1.60	1.79	1.90	1.55	1.53	2.66	2.02	1.87	2.69	2.86	0.36	1.28	1.63	2.46	0.49	-0.06	-0.10	1.63	1.68	2.35	3.18	3.03	2.65	2.60	3.33	0.91	-1.16	0.37	0.19	1.05	-0.46	0.03	0.22	-0.49	0.05	0.01	-1.04	-0.10	-0.45	0.51	1.68

Revenue & profit

Year-to-date · In bn (TWD)

Revenue 89.2 bn Net income 13.9 bn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In bn (TWD)

Total assets 781 bn Total liabilities 207 bn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In bn (TWD)

Operating -4.08 bn Investing -3.26 bn Financing 7.25 bn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Gross margin 8.4% Operating margin 1.8% Net margin 15.6%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE 2.5% ROA 1.7% Debt ratio 26.5%

EPS

Year-to-date · NT$

EPS NT$2.19

Revenue & profit

Annual · In bn (TWD)

Revenue 175 bn Net income -10.1 bn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	215	217	192	180	207	230	208	186	274	252	199	200	175
Gross profit	15.7	16.6	21.8	24.3	33.5	37.3	32.1	29.1	76.2	42.6	9.83	10.2	5.60
Operating income	4.58	5.51	10.5	13.0	21.9	25.3	20.2	17.1	60.2	26.8	-4.03	-4.16	-7.51
Pre-tax income	23.2	20.6	35.1	43.8	54.9	57.1	42.2	24.2	86.0	43.8	7.00	-2.41	-10.2
Net income	20.7	18.0	30.9	39.4	49.4	49.5	37.3	20.0	71.4	36.1	7.34	-1.23	-10.1

Balance sheet

Annual · In bn (TWD)

Total assets 558 bn Total liabilities 194 bn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Current assets	143	160	149	173	184	184	176	166	189	161	160	106	155
Total assets	409	431	424	456	476	502	497	479	544	511	531	497	558
Current liabilities	59.7	47.9	59.5	80.5	71.3	83.0	89.3	68.3	74.5	95.9	103	117	75.8
Total liabilities	146	145	136	143	131	146	148	147	140	154	183	208	194
Equity	262	286	287	313	345	356	349	333	403	358	347	289	363

Cash flow

Annual · In bn (TWD)

Operating 6.62 bn Investing -6.10 bn Financing -8.86 bn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating	16.3	13.4	40.9	36.6	46.1	50.5	46.6	31.4	57.9	56.8	6.16	11.5	6.62
Investing	-14.2	-3.97	1.10	-20.5	-4.10	-20.5	-20.5	-3.92	-21.8	-18.3	-27.5	-17.8	-6.10
Financing	-4.89	-11.6	-27.5	-15.6	-43.4	-24.8	-31.6	-32.6	-36.0	-30.4	12.5	17.6	-8.86
Cash at period end	7.67	5.39	19.8	19.9	18.2	23.3	18.2	14.2	13.7	17.1	6.15	18.2	10.6

Profitability

Annual · %

Gross margin 3.2% Operating margin -4.3% Net margin -5.7%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Gross margin	7.3%	7.6%	11.4%	13.5%	16.2%	16.2%	15.4%	15.6%	27.8%	16.9%	4.9%	5.1%	3.2%
Operating margin	2.1%	2.5%	5.5%	7.2%	10.6%	11.0%	9.7%	9.2%	22.0%	10.7%	-2.0%	-2.1%	-4.3%
Net margin	9.6%	8.3%	16.1%	21.9%	23.9%	21.5%	18.0%	10.8%	26.1%	14.4%	3.7%	-0.6%	-5.7%

Returns & leverage

Annual · %

ROE -3.1% ROA -1.9% Debt ratio 34.9%

Show table：Returns & leverage

Item	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
ROE	7.9%	6.6%	10.8%	13.1%	15.0%	14.2%	10.6%	5.9%	19.4%	9.5%	2.1%	-0.4%	-3.1%
ROA	5.1%	4.3%	7.2%	9.0%	10.6%	10.1%	7.5%	4.1%	13.9%	6.8%	1.4%	-0.2%	-1.9%
Debt ratio	35.8%	33.7%	32.1%	31.3%	27.5%	29.1%	29.8%	30.6%	25.8%	30.0%	34.5%	41.8%	34.9%

EPS

Annual · NT$

EPS NT$-1.58

Show table：EPS

Item	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
EPS（NT$）	3.25	2.83	4.85	6.19	7.76	7.78	5.86	3.15	11.21	5.68	1.15	-0.19	-1.58

Source: Taiwan MOPS financial statements

FPC annual reports

	English	Chinese
2025 (ROC 114)	PDF	PDF
2024 (ROC 113)	PDF	PDF

About FPC filings

Where can I download FPC (1301) annual reports?

Every financial year in the table above links straight to the PDF filed with the Market Observation Post System (MOPS), Taiwan's statutory disclosure platform. 2 years are available in English, within a range covering 2024 to 2025.

Why are some years Chinese only?

Filing an English annual report is only mandatory for larger Taiwanese issuers; smaller companies and those on the Emerging Stock Board file in Chinese. Where no English edition exists this site links the Chinese PDF rather than leaving the year blank, so you can still reach the document.

What is an investor conference (法人說明會)?

It is the Taiwanese equivalent of an earnings call or analyst briefing. Listed companies present quarterly results and outlook, and file the presentation deck with MOPS — usually in both Chinese and English. Many also publish a webcast recording.

How does Taiwan's reporting calendar work?

Taiwanese issuers file quarterly financial reports plus an annual report, and publish monthly revenue figures — a disclosure cadence that is more frequent than Hong Kong or Singapore. Financial years are numbered using the ROC calendar (ROC 114 = 2025); this site shows both.

Source: Market Observation Post System (MOPS), Taiwan. All PDF links point to the original files; nothing is re-hosted here.
Browse all Taiwan listed companies, or read this page in Chinese — the Chinese edition also carries the letter to shareholders and the revenue breakdown.