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Mao Bao (1732) Annual Reports

Q: Where can I download Mao Bao (1732) 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： 2001-09-17
Incorporated： 1978-12-06
Paid-in capital： NT$424m

Website：Official site ↗

Financial history

Revenue & profit

Quarterly · In mn (TWD)

Revenue 193 mn Net income 10.8 mn

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	158	146	130	142	142	149	132	157	155	153	138	151	131	140	135	142	146	155	147	144	143	155	138	127	148	154	146	149	158	165	150	147	158	163	139	160	148	158	141	140	135	153	129	137	149	152	144	148	159	177	170	169	171	193
Gross profit	62.9	56.0	55.9	54.8	56.5	56.6	50.4	64.5	62.6	64.3	58.1	64.0	54.5	58.1	53.4	57.4	55.7	63.8	65.6	65.0	61.7	69.2	58.8	47.3	62.2	68.5	65.5	67.8	73.8	74.4	64.6	66.4	64.9	66.5	52.7	62.0	55.3	60.5	53.4	53.4	49.3	59.1	53.3	53.6	59.3	64.0	61.5	58.7	62.3	74.5	70.9	70.8	71.3	80.5
Operating income	2.20	-2.73	-4.79	-6.54	4.78	-2.87	-6.72	-8.06	-1.76	-5.53	0.16	-3.40	2.15	-7.00	-5.25	-12.2	-3.31	0.84	5.44	6.22	1.35	0.05	0.36	8.54	4.37	2.93	10.6	11.2	17.5	13.4	5.30	10.6	8.66	6.35	-0.06	2.28	2.43	-0.5	-0.65	-4.88	-3.14	0.62	-1.21	-3.32	2.86	4.24	4.54	-3.02	4.49	16.5	12.8	10.7	13.9	15.5
Pre-tax income	2.53	-2.14	-4.33	-5.28	5.21	-2.36	-6.34	-8.01	-1.13	-5.14	1.25	-3.40	0.05	-6.72	-5.87	-12.1	-3.74	1.56	6.31	6.50	1.82	0.12	-0.81	8.96	5.33	1.80	10.1	11.8	17.2	13.3	2.13	12.8	8.34	11.2	0.1	4.25	5.27	5.69	4.14	-6.20	-2.72	1.43	1.37	-3.82	5.72	6.30	9.28	1.05	7.18	-0.95	17.0	22.9	17.4	17.0
Net income	1.56	-2.13	-3.94	-4.49	3.78	-2.30	-4.83	-6.89	-0.79	-4.49	0.56	-3.58	-0.58	-6.17	-5.54	-11.9	-3.33	1.01	3.41	6.14	1.83	-0.39	-1.25	6.73	5.12	1.77	8.12	9.85	13.3	11.0	0.55	13.7	6.55	10.2	-0.62	3.28	1.38	6.32	2.29	-4.82	-2.18	0.85	0.29	-5.02	4.59	5.09	3.41	-0.47	6.23	-3.08	12.7	13.5	15.1	10.8

Balance sheet

Quarterly · In mn (TWD)

Total assets 707 mn Total liabilities 202 mn

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	367	371	354	375	352	372	365	359	335	346	337	353	324	336	338	370	325	326	332	347	329	362	341	361	363	380	377	376	387	414	410	437	432	454	449	456	407	422	411	428	371	387	405	414	430	433	396	416	405	419	419	438	446	479
Total assets	620	622	602	622	595	613	606	601	576	584	577	592	558	570	569	598	549	549	552	564	545	577	554	571	587	601	597	596	603	630	624	651	643	667	662	670	621	643	630	654	607	624	640	652	666	669	635	657	642	649	647	671	677	707
Current liabilities	106	110	95.7	121	88.7	111	117	117	98.4	112	102	123	92.1	111	118	159	117	115	116	123	101	132	111	124	120	134	122	114	109	126	121	135	121	136	154	159	107	137	118	141	96.7	114	127	146	153	151	115	133	132	151	133	141	156	175
Total liabilities	152	156	141	164	132	154	150	149	126	140	129	150	119	137	144	182	140	139	139	145	124	155	133	142	152	165	152	142	135	152	146	160	146	161	178	184	132	162	144	172	127	144	157	175	183	180	143	163	162	178	160	169	183	202
Equity	468	466	461	458	463	460	456	452	450	444	448	442	439	433	425	415	409	410	413	419	421	422	421	430	435	437	445	454	468	478	478	491	497	506	484	486	489	481	486	482	480	481	483	477	484	489	492	494	480	471	487	503	494	505

Cash flow

Quarterly · In mn (TWD)

Operating 28.1 mn Investing 8.56 mn Financing -0.36 mn

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	-15.0	13.1	5.11	6.73	-18.1	36.9	-16.6	2.24	-18.2	19.3	2.86	9.67	-12.0	15.8	-3.50	21.5	-62.1	19.8	2.73	20.7	-16.7	22.0	0.3	24.8	-2.13	13.5	3.40	9.71	-9.44	42.5	-14.2	29.7	-8.54	24.7	-0.96	28.2	-32.4	35.1	5.84	19.0	-48.2	27.2	35.1	17.7	-10.1	15.5	-25.8	22.0	-11.1	16.6	12.5	24.1	-6.19	28.1
Investing	-0.16	-1.42	-1.40	-0.79	0.03	-1.34	-0.98	-0.68	-2.27	-0.6	-1.84	-12.2	-6.00	-6.24	-7.03	-5.06	-2.21	-1.12	3.58	0.17	-2.40	-0.68	0.59	-2.46	-1.27	30.0	-1.04	-1.75	-0.46	-16.4	-1.88	-2.77	-0.5	-29.2	-2.80	-17.1	-24.7	-18.5	12.5	-18.3	-11.8	9.00	-7.64	-2.03	-3.97	12.0	-24.0	13.8	15.1	19.1	9.49	-5.59	-31.2	8.56
Financing	—	—	—	0	0	0	0	—	—	—	-0.4	0	—	—	—	—	—	—	—	—	0	—	—	—	-0.39	-0.4	-0.4	-0.4	-0.38	-0.39	-0.39	-0.39	-0.39	-0.39	-0.4	-21.6	-0.4	-0.4	-15.3	-0.39	-0.39	-0.39	-0.39	-0.39	-0.34	-0.34	-0.34	-0.35	-0.35	-0.35	-21.6	-0.35	-0.36	-0.36
Cash at period end	101	112	116	122	104	140	122	125	104	123	126	123	105	115	103	121	55.1	74.0	80.4	99.3	80.5	102	103	125	121	166	167	173	163	187	172	199	189	181	176	165	110	124	130	129	68.7	105	134	146	135	163	111	149	154	188	192	209	173	210

Profitability

Quarterly · %

Gross margin 41.6% Operating margin 8.0% Net margin 5.6%

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	39.7%	38.3%	42.9%	38.5%	39.8%	38.0%	38.3%	41.2%	40.4%	41.9%	42.1%	42.5%	41.8%	41.6%	39.5%	40.5%	38.2%	41.2%	44.5%	45.0%	43.2%	44.6%	42.5%	37.3%	42.1%	44.6%	44.9%	45.4%	46.6%	45.0%	43.1%	45.1%	41.0%	40.9%	38.0%	38.7%	37.4%	38.2%	37.8%	38.2%	36.4%	38.5%	41.3%	39.2%	39.6%	42.0%	42.8%	39.8%	39.1%	42.0%	41.8%	41.9%	41.8%	41.6%
Operating margin	1.4%	-1.9%	-3.7%	-4.6%	3.4%	-1.9%	-5.1%	-5.2%	-1.1%	-3.6%	0.1%	-2.3%	1.6%	-5.0%	-3.9%	-8.6%	-2.3%	0.5%	3.7%	4.3%	0.9%	0.0%	0.3%	6.7%	3.0%	1.9%	7.3%	7.5%	11.0%	8.1%	3.5%	7.2%	5.5%	3.9%	-0.0%	1.4%	1.6%	-0.3%	-0.5%	-3.5%	-2.3%	0.4%	-0.9%	-2.4%	1.9%	2.8%	3.2%	-2.0%	2.8%	9.3%	7.6%	6.3%	8.1%	8.0%
Net margin	1.0%	-1.5%	-3.0%	-3.2%	2.7%	-1.5%	-3.7%	-4.4%	-0.5%	-2.9%	0.4%	-2.4%	-0.4%	-4.4%	-4.1%	-8.4%	-2.3%	0.7%	2.3%	4.3%	1.3%	-0.3%	-0.9%	5.3%	3.5%	1.1%	5.6%	6.6%	8.4%	6.7%	0.4%	9.3%	4.1%	6.3%	-0.5%	2.0%	0.9%	4.0%	1.6%	-3.5%	-1.6%	0.6%	0.2%	-3.7%	3.1%	3.3%	2.4%	-0.3%	3.9%	-1.7%	7.5%	8.0%	8.8%	5.6%

Returns & leverage

Quarterly · %

ROE 10.7% ROA 7.7% Debt ratio 28.6%

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	—	—	—	-2.0%	-1.4%	-1.5%	-1.7%	-2.3%	-3.2%	-3.8%	-2.6%	-1.9%	-1.8%	-2.2%	-3.6%	-5.7%	-6.4%	-4.7%	-2.6%	1.7%	3.0%	2.6%	1.5%	1.6%	2.4%	2.9%	5.0%	5.6%	7.3%	9.3%	7.5%	8.2%	6.6%	6.3%	6.2%	4.0%	2.9%	2.1%	2.7%	1.1%	0.3%	-0.8%	-1.2%	-1.3%	0.1%	1.0%	1.7%	2.6%	3.0%	1.3%	3.1%	5.9%	7.8%	10.7%
ROA	—	—	—	-1.4%	-1.1%	-1.1%	-1.3%	-1.7%	-2.5%	-2.8%	-2.0%	-1.4%	-1.4%	-1.7%	-2.8%	-4.1%	-4.9%	-3.5%	-1.9%	1.3%	2.3%	1.9%	1.1%	1.2%	1.8%	2.1%	3.8%	4.3%	5.6%	6.9%	5.7%	6.2%	5.1%	4.8%	4.6%	2.9%	2.3%	1.6%	2.0%	0.8%	0.3%	-0.6%	-0.9%	-0.9%	0.1%	0.8%	1.3%	1.9%	2.2%	0.9%	2.4%	4.4%	5.8%	7.7%
Debt ratio	24.5%	25.1%	23.4%	26.4%	22.1%	25.1%	24.8%	24.8%	21.9%	23.9%	22.4%	25.4%	21.3%	24.0%	25.3%	30.5%	25.6%	25.3%	25.1%	25.8%	22.7%	26.8%	24.1%	24.8%	25.9%	27.4%	25.5%	23.8%	22.5%	24.2%	23.4%	24.6%	22.7%	24.1%	26.8%	27.5%	21.3%	25.1%	22.9%	26.3%	20.9%	23.0%	24.5%	26.9%	27.4%	26.9%	22.6%	24.8%	25.2%	27.4%	24.7%	25.1%	27.1%	28.6%

EPS

Quarterly · NT$

EPS NT$0.26

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$）	0.04	-0.05	-0.10	-0.10	0.09	-0.06	-0.11	-0.16	-0.02	-0.10	0.01	-0.09	-0.01	-0.15	-0.13	-0.28	-0.08	0.03	0.08	0.14	0.04	-0.01	-0.03	0.16	0.12	0.04	0.19	0.24	0.31	0.26	0.02	0.32	0.15	0.24	-0.01	0.08	0.03	0.15	0.06	-0.12	-0.05	0.02	0.01	-0.12	0.11	0.12	0.08	-0.01	0.15	-0.08	0.30	0.32	0.35	0.26

Revenue & profit

Year-to-date · In mn (TWD)

Revenue 364 mn Net income 25.9 mn

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 mn (TWD)

Total assets 707 mn Total liabilities 202 mn

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

Cash flow

Year-to-date · In mn (TWD)

Operating 21.9 mn Investing -22.6 mn Financing -0.71 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Gross margin 41.7% Operating margin 8.1% Net margin 7.1%

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

Returns & leverage

Year-to-date · %

ROE 10.7% ROA 7.7% Debt ratio 28.6%

EPS

Year-to-date · NT$

EPS NT$0.61

Revenue & profit

Annual · In mn (TWD)

Revenue 675 mn Net income 29.3 mn

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	577	579	597	547	592	563	596	621	619	587	554	593	675
Gross profit	230	228	249	223	250	237	264	279	246	223	215	243	278
Operating income	-11.9	-12.9	-10.5	-22.3	9.19	10.3	29.1	46.7	17.2	-3.59	-7.05	8.62	44.5
Pre-tax income	-9.23	-11.5	-8.42	-24.6	10.6	10.1	29.0	45.5	23.9	8.90	-3.73	22.4	46.2
Net income	-9.00	-10.2	-8.29	-24.2	7.24	6.92	24.9	38.6	19.4	5.17	-6.06	12.6	29.3

Balance sheet

Annual · In mn (TWD)

Total assets 671 mn Total liabilities 169 mn

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	375	359	353	370	347	361	376	437	456	428	414	416	438
Total assets	622	601	592	598	564	571	596	651	670	654	652	657	671
Current liabilities	121	117	123	159	123	124	114	135	159	141	146	133	141
Total liabilities	164	149	150	182	145	142	142	160	184	172	175	163	169
Equity	458	452	442	415	419	430	454	491	486	482	477	494	503

Cash flow

Annual · In mn (TWD)

Operating 42.1 mn Investing 38.1 mn Financing -22.6 mn

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	9.90	4.44	13.7	21.8	-18.9	30.4	24.5	48.5	43.4	27.5	31.8	1.54	42.1
Investing	-3.76	-2.98	-16.9	-24.3	0.41	-4.94	25.9	-21.5	-49.6	-48.9	-12.5	-2.10	38.1
Financing	—	—	—	—	—	—	-1.60	-1.55	-22.8	-16.4	-1.57	-1.38	-22.6
Cash at period end	122	125	123	121	99.3	125	173	199	165	129	146	149	209

Profitability

Annual · %

Gross margin 41.2% Operating margin 6.6% Net margin 4.3%

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	39.8%	39.4%	41.7%	40.8%	42.2%	42.1%	44.3%	45.0%	39.7%	37.9%	38.8%	41.0%	41.2%
Operating margin	-2.1%	-2.2%	-1.8%	-4.1%	1.6%	1.8%	4.9%	7.5%	2.8%	-0.6%	-1.3%	1.4%	6.6%
Net margin	-1.6%	-1.8%	-1.4%	-4.4%	1.2%	1.2%	4.2%	6.2%	3.1%	0.9%	-1.1%	2.1%	4.3%

Returns & leverage

Annual · %

ROE 5.9% ROA 4.4% Debt ratio 25.1%

Show table：Returns & leverage

Item	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
ROE	-2.0%	-2.3%	-1.9%	-5.7%	1.7%	1.6%	5.6%	8.2%	4.0%	1.1%	-1.3%	2.6%	5.9%
ROA	-1.4%	-1.7%	-1.4%	-4.1%	1.3%	1.2%	4.3%	6.2%	2.9%	0.8%	-0.9%	1.9%	4.4%
Debt ratio	26.4%	24.8%	25.4%	30.5%	25.8%	24.8%	23.8%	24.6%	27.5%	26.3%	26.9%	24.8%	25.1%

EPS

Annual · NT$

EPS NT$0.69

Show table：EPS

Item	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
EPS（NT$）	-0.21	-0.24	-0.20	-0.57	0.17	0.16	0.59	0.91	0.46	0.12	-0.14	0.30	0.69

Source: Taiwan MOPS financial statements

Mao Bao annual reports

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

About Mao Bao filings

Where can I download Mao Bao (1732) 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.