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EMC (2603) Annual Reports

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

2
english annual reports
3
english presentations
2025
latest year

Company profile

Website:Official site ↗

Financial history

Revenue & profit
Quarterly · In bn (TWD)
Revenue 105 bn Net income 16.3 bn
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

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

Show table:Income statement
Item2013Q12013Q22013Q32013Q42014Q12014Q22014Q32014Q42015Q12015Q22015Q32015Q42016Q12016Q22016Q32016Q42017Q12017Q22017Q32017Q42018Q12018Q22018Q32018Q42019Q12019Q22019Q32019Q42020Q12020Q22020Q32020Q42021Q12021Q22021Q32021Q42022Q12022Q22022Q32022Q42023Q12023Q22023Q32023Q42024Q12024Q22024Q32024Q42025Q12025Q22025Q32025Q42026Q12026Q2
Revenue33.4 36.5 36.0 33.4 34.3 35.2 37.6 37.2 35.3 34.8 33.0 30.7 28.6 29.7 31.9 34.2 33.8 37.7 41.5 37.5 36.8 38.3 44.9 49.2 45.7 47.1 49.9 47.9 43.5 43.9 55.0 64.7 90.0 100.0 143 156 171 175 170 111 66.8 67.4 72.8 69.7 88.6 106 153 116 110 86.5 96.9 85.7 86.5 105
Gross profit-0.91 0.85 1.41 -0.96 -0.18 1.90 4.11 1.51 3.15 1.61 -1.24 -1.97 -2.66 -1.14 -0.42 0.73 2.09 3.23 4.52 1.04 0.91 0.11 3.29 3.16 3.42 3.71 3.89 3.53 2.95 7.57 13.5 21.5 46.6 54.7 99.0 102 118 122 113 45.5 14.8 13.8 12.4 8.91 18.9 35.9 80.4 40.9 33.3 18.7 25.3 15.4 13.4 24.0
Operating income-2.23 -0.54 0.06 -2.40 -1.38 0.61 2.83 1.73 1.82 0.35 -2.65 -3.37 -4.11 -1.13 -1.83 -0.77 0.66 2.21 3.02 -1.08 -0.02 -1.99 1.00 1.94 1.30 1.11 1.36 0.88 0.5 5.19 11.1 17.9 44.0 52.0 96.1 92.8 115 118 109 32.8 11.1 10.1 8.76 4.72 15.7 32.7 77.2 34.5 29.3 14.4 22.0 8.33 8.95 19.4
Pre-tax income-1.98 -0.45 0.2 0.63 -1.91 0.63 2.82 1.70 2.09 0.12 -2.75 -4.15 -4.77 -1.29 -1.68 -1.07 0.22 3.15 4.39 -0.31 0.11 -1.75 1.24 1.59 0.71 -0.16 0.31 -0.08 -0.62 4.29 10.6 17.6 44.3 52.6 96.3 95.1 117 125 118 38.5 16.2 16.2 25.2 6.53 21.1 35.9 81.8 41.6 32.0 15.3 25.1 10.5 10.6 20.9
Net income-1.96 -0.57 0.09 0.39 -1.93 0.41 2.48 1.09 1.86 -0.05 -2.57 -3.98 -4.59 -1.27 -1.60 -1.11 0.17 2.90 4.02 -0.43 0.02 -1.78 0.77 1.07 0.46 -0.45 0.09 -0.33 -0.73 3.84 9.49 16.2 40.9 48.8 87.3 86.2 106 106 103 31.5 6.33 6.46 23.1 4.13 18.2 30.6 63.3 31.9 27.8 11.3 22.1 8.98 8.69 16.3
Balance sheet
Quarterly · In bn (TWD)
Total assets 968 bn Total liabilities 385 bn
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

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

Show table:Balance sheet
Item2013Q12013Q22013Q32013Q42014Q12014Q22014Q32014Q42015Q12015Q22015Q32015Q42016Q12016Q22016Q32016Q42017Q12017Q22017Q32017Q42018Q12018Q22018Q32018Q42019Q12019Q22019Q32019Q42020Q12020Q22020Q32020Q42021Q12021Q22021Q32021Q42022Q12022Q22022Q32022Q42023Q12023Q22023Q32023Q42024Q12024Q22024Q32024Q42025Q12025Q22025Q32025Q42026Q12026Q2
Current assets54.0 54.1 53.3 56.1 58.1 53.5 56.9 57.3 56.6 54.5 52.0 52.2 51.5 52.5 50.9 54.0 51.1 58.8 62.2 61.0 57.4 60.8 62.6 67.9 64.3 67.7 72.1 66.3 63.0 64.3 79.5 85.8 123 160 221 283 403 494 476 484 481 437 298 238 247 274 301 313 330 277 220 234 245 261
Total assets158 169 169 174 184 180 186 189 191 188 194 193 189 189 186 190 181 190 193 200 197 214 218 229 292 301 310 307 307 307 324 334 391 437 524 611 758 875 882 888 892 885 783 732 782 827 861 914 956 871 847 894 935 968
Current liabilities31.1 35.2 34.3 33.6 38.6 37.7 40.4 40.6 42.2 40.4 40.4 39.4 34.0 43.5 39.1 42.0 40.1 43.3 45.0 44.8 45.0 50.2 50.2 50.1 57.1 64.1 64.5 63.5 63.1 67.8 69.9 72.5 84.9 95.3 113 109 137 239 158 165 169 276 124 112 123 147 138 150 157 210 141 146 152 188
Total liabilities98.5 109 109 114 125 121 124 124 124 122 127 131 133 134 133 136 129 134 134 133 131 149 152 158 220 229 239 233 236 232 239 233 241 237 252 254 290 388 307 305 307 433 296 261 276 305 297 312 319 351 285 308 330 385
Equity60.0 59.8 59.4 60.2 59.0 59.0 62.3 64.9 67.0 66.1 66.5 61.3 56.6 55.2 52.6 53.6 52.1 55.1 59.0 66.7 65.8 64.9 66.6 71.0 71.6 71.4 70.9 73.6 71.5 75.3 85.0 101 150 200 272 357 467 486 574 583 585 451 486 471 506 522 564 602 638 520 562 586 605 583
Cash flow
Quarterly · In bn (TWD)
Operating 20.0 bn Investing -42.8 bn Financing 14.9 bn
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

Positive = cash in, negative = cash out.

Show table:Cash flow statement
Item2013Q12013Q22013Q32013Q42014Q12014Q22014Q32014Q42015Q12015Q22015Q32015Q42016Q12016Q22016Q32016Q42017Q12017Q22017Q32017Q42018Q12018Q22018Q32018Q42019Q12019Q22019Q32019Q42020Q12020Q22020Q32020Q42021Q12021Q22021Q32021Q42022Q12022Q22022Q32022Q42023Q12023Q22023Q32023Q42024Q12024Q22024Q32024Q42025Q12025Q22025Q32025Q42026Q12026Q2
Operating-1.52 2.95 1.48 -0.71 0.17 1.07 4.78 5.18 5.42 2.26 -1.23 -1.23 -3.18 3.08 -2.44 1.78 2.25 3.23 3.75 1.96 0.14 0.57 2.33 0.01 2.87 4.81 5.20 6.91 2.48 10.9 16.0 22.4 44.3 59.0 91.3 107 124 114 124 60.1 19.3 -36.1 0.55 2.36 24.8 32.1 82.3 53.1 41.4 14.9 24.9 20.0 18.8 20.0
Investing-4.05 -12.2 -3.28 -0.49 -7.81 -4.36 -3.72 0.63 -4.27 -2.35 -4.58 -2.71 -1.18 0.74 -2.21 -0.75 -0.84 -0.47 -1.59 -6.97 -2.86 -8.47 -6.97 -6.61 -3.68 -3.96 -4.85 -4.98 -5.91 -5.55 -15.5 -5.97 -16.9 -26.6 -43.0 -79.6 -11.3 15.7 62.9 -41.0 4.68 5.41 -26.6 -23.2 -17.0 -21.4 -20.7 -21.6 -22.7 -38.6 -23.1 -24.5 -21.4 -42.8
Financing2.58 8.45 3.26 4.68 7.40 0.48 -1.21 -4.37 0.19 0.13 2.43 6.10 5.37 -2.07 3.01 -1.61 -2.02 1.49 -0.88 5.28 -1.01 9.41 4.68 8.84 0.09 0.58 3.00 -3.75 3.13 -4.25 3.37 -13.3 -9.61 -20.1 -23.7 -16.0 -9.49 -13.2 -139 -6.41 -5.48 -7.51 -138 -17.2 -4.33 1.09 -25.5 -3.90 -2.64 -5.11 -70.3 12.0 8.23 14.9
Cash at period end29.4 29.0 30.4 33.5 33.5 30.6 30.8 32.8 33.7 33.3 30.8 32.8 33.7 35.3 33.4 34.4 33.0 37.0 38.3 38.1 34.1 35.9 36.0 38.2 37.5 39.0 42.3 37.9 37.4 38.3 41.9 44.1 62.7 73.7 98.0 108 215 335 392 392 408 374 217 170 174 188 223 253 272 225 162 174 183 175
Profitability
Quarterly · %
Gross margin 22.8% Operating margin 18.4% Net margin 15.5%
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, operating and net margin = the respective profit ÷ revenue.

Show table:Profitability
Item2013Q12013Q22013Q32013Q42014Q12014Q22014Q32014Q42015Q12015Q22015Q32015Q42016Q12016Q22016Q32016Q42017Q12017Q22017Q32017Q42018Q12018Q22018Q32018Q42019Q12019Q22019Q32019Q42020Q12020Q22020Q32020Q42021Q12021Q22021Q32021Q42022Q12022Q22022Q32022Q42023Q12023Q22023Q32023Q42024Q12024Q22024Q32024Q42025Q12025Q22025Q32025Q42026Q12026Q2
Gross margin-2.7%2.3%3.9%-2.9%-0.5%5.4%10.9%4.0%8.9%4.6%-3.8%-6.4%-9.3%-3.8%-1.3%2.1%6.2%8.6%10.9%2.8%2.5%0.3%7.3%6.4%7.5%7.9%7.8%7.4%6.8%17.3%24.5%33.3%51.8%54.8%69.0%65.1%69.1%69.6%66.4%41.0%22.2%20.5%17.1%12.8%21.4%33.8%52.6%35.3%30.3%21.6%26.1%17.9%15.5%22.8%
Operating margin-6.7%-1.5%0.2%-7.2%-4.0%1.7%7.5%4.7%5.2%1.0%-8.0%-11.0%-14.4%-3.8%-5.7%-2.3%1.9%5.9%7.3%-2.9%-0.1%-5.2%2.2%4.0%2.9%2.4%2.7%1.8%1.1%11.8%20.1%27.6%48.9%52.0%67.0%59.5%67.2%67.4%64.1%29.6%16.7%15.0%12.0%6.8%17.7%30.7%50.5%29.8%26.7%16.7%22.7%9.7%10.3%18.4%
Net margin-5.9%-1.6%0.3%1.2%-5.6%1.2%6.6%2.9%5.3%-0.1%-7.8%-13.0%-16.0%-4.3%-5.0%-3.2%0.5%7.7%9.7%-1.1%0.0%-4.6%1.7%2.2%1.0%-0.9%0.2%-0.7%-1.7%8.8%17.2%25.0%45.4%48.8%60.8%55.3%62.1%60.3%60.5%28.4%9.5%9.6%31.7%5.9%20.6%28.8%41.4%27.6%25.3%13.1%22.8%10.5%10.1%15.5%
Returns & leverage
Quarterly · %
ROE 10.2% ROA 6.1% Debt ratio 39.8%
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 / 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
Item2013Q12013Q22013Q32013Q42014Q12014Q22014Q32014Q42015Q12015Q22015Q32015Q42016Q12016Q22016Q32016Q42017Q12017Q22017Q32017Q42018Q12018Q22018Q32018Q42019Q12019Q22019Q32019Q42020Q12020Q22020Q32020Q42021Q12021Q22021Q32021Q42022Q12022Q22022Q32022Q42023Q12023Q22023Q32023Q42024Q12024Q22024Q32024Q42025Q12025Q22025Q32025Q42026Q12026Q2
ROE-3.4%-3.4%-1.7%2.2%3.3%9.3%8.6%0.5%-7.5%-18.1%-20.4%-19.2%-14.9%-7.0%0.7%10.7%11.1%11.0%3.1%-2.3%0.1%0.8%2.7%1.7%-0.3%-2.0%3.9%15.8%32.9%63.6%83.8%108.1%114.7%106.4%112.3%94.7%73.7%46.8%31.4%12.7%7.6%9.5%15.6%22.1%26.8%26.9%25.8%16.6%11.8%8.2%10.2%
ROA-1.2%-1.2%-0.6%0.8%1.1%3.1%2.9%0.2%-2.5%-5.9%-6.6%-6.0%-4.5%-2.1%0.2%3.1%3.4%3.5%0.9%-0.7%0.0%0.2%0.7%0.4%-0.1%-0.5%0.9%3.9%9.0%20.1%31.0%45.5%55.7%57.2%58.7%57.0%46.2%29.9%16.7%8.1%4.9%6.2%8.9%14.1%17.5%17.7%15.8%10.9%7.8%5.4%6.1%
Debt ratio62.1%64.5%64.8%65.5%68.0%67.3%66.6%65.7%64.9%64.8%65.7%68.2%70.1%70.8%71.7%71.7%71.2%70.9%69.5%66.7%66.5%69.7%69.5%69.0%75.4%76.3%77.2%76.0%76.8%75.5%73.7%69.6%61.7%54.3%48.0%41.5%38.3%44.4%34.8%34.4%34.4%49.0%37.9%35.7%35.3%36.9%34.5%34.1%33.3%40.3%33.6%34.5%35.3%39.8%
EPS
Quarterly · NT$
EPS NT$7.40
2013Q1 2013Q2 2013Q3 2013Q4 2014Q1 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016Q2 2016Q3 2016Q4 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2018Q2 2018Q3 2018Q4 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4 2022Q1 2022Q2 2022Q3 2022Q4 2023Q1 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2
Show table:EPS
Item2013Q12013Q22013Q32013Q42014Q12014Q22014Q32014Q42015Q12015Q22015Q32015Q42016Q12016Q22016Q32016Q42017Q12017Q22017Q32017Q42018Q12018Q22018Q32018Q42019Q12019Q22019Q32019Q42020Q12020Q22020Q32020Q42021Q12021Q22021Q32021Q42022Q12022Q22022Q32022Q42023Q12023Q22023Q32023Q42024Q12024Q22024Q32024Q42025Q12025Q22025Q32025Q42026Q12026Q2
EPS(NT$)-0.53-0.110.010.20-0.490.050.530.250.44-0.05-0.69-0.96-1.09-0.16-0.33-0.300.090.791.060.030.03-0.310.190.160.12-0.070.03-0.06-0.090.661.702.797.047.9915.2415.3019.1619.3330.3918.192.382.4110.351.568.1413.7228.8214.1912.645.0610.043.943.847.40

Source: Taiwan MOPS financial statements

EMC annual reports

EnglishChinese
2025 (ROC 114) PDF PDF
2024 (ROC 113) PDF PDF

About EMC filings

Where can I download EMC (2603) 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.