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THSRC (2633) Annual Reports

Q: Where can I download THSRC (2633) 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 Transportation & Logistics. 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 Transportation & Logistics stocks →
Listing date： 2016-10-27
Incorporated： 1998-05-11
Paid-in capital： NT$56.3bn

Website：Official site ↗

Financial history

Revenue & profit

Quarterly · In bn (TWD)

Revenue 13.9 bn Net income 1.66 bn

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

Show table：Income statement

Item	2013Q2	2013Q4	2014Q2	2014Q4	2015Q2	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	—	—	—	—	—	—	9.98	10.1	10.0	10.6	10.8	10.6	10.6	11.4	11.0	11.3	11.3	11.7	11.8	11.9	11.7	12.2	9.60	7.61	10.4	11.5	9.87	6.10	4.61	9.65	8.99	6.67	9.78	11.7	12.2	12.3	12.2	13.2	13.4	13.1	13.3	13.4	13.4	13.4	13.4	14.5	13.9	13.9
Gross profit	—	—	—	—	—	—	3.80	3.77	3.37	3.70	4.94	4.67	4.41	4.80	5.04	5.15	4.98	5.17	5.53	5.51	5.23	5.47	3.29	1.27	3.70	4.78	3.46	-0.36	-1.74	3.17	2.74	0.34	3.11	5.06	5.58	5.40	5.22	5.99	6.33	5.67	5.56	5.79	6.22	5.61	5.53	6.28	6.51	5.76
Operating income	—	—	—	—	—	—	3.57	3.54	3.14	3.45	4.71	4.38	4.14	4.52	4.77	4.84	4.70	4.84	5.26	5.20	4.94	5.11	3.02	0.99	3.40	4.41	3.17	-0.69	-2.02	2.86	2.44	0.03	2.79	4.66	5.21	5.02	4.81	5.50	5.89	5.20	5.11	5.30	5.73	5.09	5.03	5.65	6.01	5.17
Pre-tax income	—	—	—	—	—	—	1.34	1.33	1.09	1.24	1.95	1.60	1.40	1.53	2.01	1.89	1.75	1.66	2.17	2.00	1.82	1.78	1.09	0.29	1.61	2.44	1.16	1.00	0.98	1.12	0.7	0.17	1.36	2.04	2.64	1.98	1.55	3.58	2.66	2.06	1.75	1.58	2.32	1.95	1.90	1.95	2.46	1.93
Net income	—	—	—	—	—	—	1.11	1.11	0.91	1.02	1.62	1.29	1.17	1.26	2.40	4.16	2.11	2.03	2.29	1.95	1.92	1.85	1.13	0.44	1.71	2.57	1.37	0.49	0.84	0.91	0.56	0.28	1.31	1.63	2.13	1.63	1.24	2.83	2.11	1.61	1.39	1.35	1.86	1.63	1.52	1.57	2.10	1.66

Balance sheet

Quarterly · In bn (TWD)

Total assets 386 bn Total liabilities 316 bn

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

Show table：Balance sheet

Item	2013Q2	2013Q4	2014Q2	2014Q4	2015Q2	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	35.6	42.9	49.2	57.3	62.9	60.1	50.2	28.1	27.8	28.7	29.4	31.9	13.3	20.1	22.5	28.0	15.7	22.8	21.0	26.6	26.8	42.7	38.0	39.5	32.1	38.6	43.2	42.6	60.3	50.0	52.8	26.6	26.9	32.1	37.5	32.0	34.4	40.0	37.9	38.0	25.1	26.0	31.5	31.0	20.4	25.6	31.3	33.0
Total assets	498	501	501	502	501	507	493	468	464	461	459	457	436	440	441	443	428	433	429	433	430	443	435	434	423	428	429	425	440	428	428	399	397	401	404	395	396	403	402	400	383	384	389	390	376	381	386	386
Current liabilities	6.51	8.07	7.00	11.0	20.8	36.1	39.4	24.8	19.1	19.8	8.67	29.1	5.38	6.55	19.1	31.1	12.6	13.8	5.50	11.8	9.80	13.3	12.0	28.2	5.34	7.07	6.65	18.9	28.3	30.0	55.3	31.7	28.3	28.9	39.0	31.9	34.1	47.9	42.8	43.5	32.7	31.4	33.4	35.4	22.4	26.4	26.7	42.9
Total liabilities	456	457	453	457	461	446	432	409	404	400	396	397	374	377	375	378	361	364	358	365	360	372	363	368	356	357	358	359	373	360	360	335	332	333	334	328	327	331	328	331	312	312	316	321	305	308	311	316
Equity	41.8	43.1	48.2	45.0	39.9	60.2	61.3	58.8	59.7	61.1	62.7	60.6	61.8	63.0	65.4	65.4	67.5	69.4	71.7	67.3	69.3	71.1	72.2	65.8	67.5	70.1	71.5	66.0	66.9	67.8	68.3	64.3	65.7	67.3	69.4	67.3	68.5	71.3	73.4	69.3	70.7	72.1	73.9	69.7	71.2	72.8	74.9	70.0

Cash flow

Quarterly · In bn (TWD)

Operating 5.76 bn Investing 8.07 bn Financing -1.37 bn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2013Q2	2013Q4	2014Q2	2014Q4	2015Q2	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	—	—	—	—	—	—	-9.49	3.92	5.85	5.66	6.40	2.93	5.54	6.73	6.82	5.94	6.35	7.12	6.95	6.33	7.02	8.24	3.71	-7.59	-2.25	4.59	-1.20	9.17	14.0	4.94	4.64	-7.01	5.96	6.23	7.14	5.91	7.12	7.58	1.87	3.75	2.45	8.63	6.79	5.71	-0.02	8.21	7.80	5.76
Investing	—	—	—	—	—	—	9.25	21.3	0.14	-3.34	3.64	15.0	-2.29	-2.50	-2.76	3.71	-2.11	-3.19	-1.86	-8.96	-1.21	-0.73	-10.9	11.5	5.51	-5.23	4.60	9.01	-6.39	-16.0	6.44	11.9	-4.59	-6.30	-1.73	-6.63	-0.89	-3.62	-8.40	-2.48	12.5	-9.08	-4.53	4.43	-0.1	-9.35	-6.14	8.07
Financing	—	—	—	—	—	—	0.28	-24.7	-5.67	-5.09	-5.13	-0.08	-23.3	-0.06	-3.93	-0.05	-18.2	0.05	-8.04	0.16	-6.57	7.98	-8.02	0.02	-6.92	0	0.05	-0.02	18.0	-15.1	0	-18.1	-4.27	-0.01	0	-9.97	-3.91	0.01	-0.05	-1.67	-14.2	-6.62	-0.06	-1.60	-8.96	-0.02	-0.05	-1.37
Cash at period end	1.61	1.62	1.58	1.33	2.07	2.15	2.14	2.65	2.96	0.24	5.15	23.0	3.03	7.19	7.31	16.9	2.97	6.95	4.00	1.53	0.77	16.3	1.02	4.94	1.28	0.65	4.09	22.3	47.8	21.6	32.7	19.5	16.7	16.6	22.0	11.3	13.6	17.6	11.0	10.6	11.4	4.29	6.51	15.0	5.97	4.80	6.41	18.9

Profitability

Quarterly · %

Gross margin 41.4% Operating margin 37.1% Net margin 11.9%

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

Show table：Profitability

Item	2013Q2	2013Q4	2014Q2	2014Q4	2015Q2	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	—	—	—	—	—	—	38.0%	37.5%	33.6%	35.1%	45.7%	44.0%	41.6%	42.1%	45.6%	45.4%	44.1%	44.0%	47.0%	46.5%	44.8%	44.8%	34.2%	16.7%	35.5%	41.6%	35.0%	-5.9%	-37.9%	32.9%	30.5%	5.0%	31.8%	43.3%	45.9%	43.9%	42.8%	45.5%	47.3%	43.2%	41.9%	43.1%	46.5%	42.0%	41.4%	43.2%	46.9%	41.4%
Operating margin	—	—	—	—	—	—	35.8%	35.1%	31.4%	32.7%	43.6%	41.3%	39.0%	39.6%	43.2%	42.7%	41.6%	41.2%	44.7%	43.9%	42.3%	41.9%	31.4%	13.0%	32.6%	38.3%	32.2%	-11.3%	-43.9%	29.6%	27.1%	0.5%	28.5%	39.8%	42.9%	40.8%	39.5%	41.7%	44.0%	39.6%	38.5%	39.5%	42.9%	38.1%	37.6%	38.8%	43.2%	37.1%
Net margin	—	—	—	—	—	—	11.2%	11.0%	9.1%	9.7%	15.0%	12.2%	11.0%	11.1%	21.7%	36.7%	18.6%	17.3%	19.4%	16.4%	16.4%	15.2%	11.8%	5.8%	16.4%	22.3%	13.9%	8.1%	18.2%	9.4%	6.2%	4.2%	13.4%	13.9%	17.5%	13.2%	10.2%	21.5%	15.8%	12.3%	10.5%	10.1%	13.9%	12.2%	11.4%	10.8%	15.1%	11.9%

Returns & leverage

Quarterly · %

ROE 9.8% ROA 1.8% Debt ratio 81.8%

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	2013Q2	2013Q4	2014Q2	2014Q4	2015Q2	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	—	—	—	—	—	—	—	—	—	6.8%	7.5%	8.1%	8.4%	8.6%	9.6%	14.3%	15.4%	16.1%	15.4%	12.6%	12.0%	11.4%	9.5%	8.0%	7.5%	8.3%	8.5%	9.3%	7.8%	5.2%	4.0%	4.0%	4.6%	5.6%	7.8%	10.2%	9.9%	11.3%	10.9%	11.4%	11.4%	9.0%	8.4%	9.0%	9.0%	9.1%	9.2%	9.8%
ROA	—	—	—	—	—	—	—	—	—	0.9%	1.0%	1.1%	1.1%	1.2%	1.4%	2.0%	2.3%	2.5%	2.4%	1.9%	1.9%	1.8%	1.6%	1.2%	1.2%	1.3%	1.4%	1.4%	1.2%	0.8%	0.7%	0.6%	0.7%	0.9%	1.3%	1.7%	1.7%	1.9%	1.9%	2.0%	2.0%	1.6%	1.6%	1.6%	1.7%	1.7%	1.8%	1.8%
Debt ratio	91.6%	91.4%	90.4%	91.0%	92.0%	88.1%	87.6%	87.4%	87.1%	86.8%	86.3%	86.8%	85.8%	85.7%	85.2%	85.3%	84.2%	84.0%	83.3%	84.4%	83.9%	84.0%	83.4%	84.8%	84.0%	83.6%	83.4%	84.5%	84.8%	84.2%	84.0%	83.9%	83.5%	83.2%	82.8%	83.0%	82.7%	82.3%	81.7%	82.7%	81.5%	81.2%	81.0%	82.2%	81.1%	80.9%	80.6%	81.8%

EPS

Quarterly · NT$

EPS NT$0.30

Show table：EPS

Item	2013Q2	2013Q4	2014Q2	2014Q4	2015Q2	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$）	—	—	—	—	—	—	0.20	0.20	0.16	0.18	0.29	0.23	0.20	0.23	0.43	0.74	0.37	0.36	0.41	0.34	0.34	0.33	0.20	0.08	0.30	0.46	0.24	0.09	0.15	0.16	0.10	0.05	0.23	0.29	0.38	0.29	0.22	0.50	0.37	0.29	0.25	0.24	0.33	0.29	0.27	0.28	0.37	0.30

Revenue & profit

Year-to-date · In bn (TWD)

Revenue 27.8 bn Net income 3.75 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 386 bn Total liabilities 316 bn

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

Cash flow

Year-to-date · In bn (TWD)

Operating 13.6 bn Investing 1.93 bn Financing -1.42 bn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Gross margin 44.1% Operating margin 40.2% Net margin 13.5%

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

Returns & leverage

Year-to-date · %

ROE 9.8% ROA 1.8% Debt ratio 81.8%

EPS

Year-to-date · NT$

EPS NT$0.67

Revenue & profit

Annual · In bn (TWD)

Revenue 54.6 bn Net income 6.58 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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	40.6	43.4	45.4	47.5	39.1	30.2	37.1	49.8	53.2	54.6
Gross profit	14.6	18.8	20.3	21.7	13.0	4.53	11.2	22.2	23.4	23.6
Operating income	13.7	17.8	19.1	20.5	11.8	3.32	9.92	20.5	21.5	21.5
Pre-tax income	5.00	6.48	7.31	7.78	5.42	4.27	4.27	9.74	8.04	8.12
Net income	4.15	5.34	10.7	8.01	5.84	3.61	3.77	7.82	6.45	6.58

Balance sheet

Annual · In bn (TWD)

Total assets 381 bn Total liabilities 308 bn

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

Show table：Balance sheet

Item	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Current assets	28.7	20.1	22.8	42.7	38.6	50.0	32.1	40.0	26.0	25.6
Total assets	461	440	433	443	428	428	401	403	384	381
Current liabilities	19.8	6.55	13.8	13.3	7.07	30.0	28.9	47.9	31.4	26.4
Total liabilities	400	377	364	372	357	360	333	331	312	308
Equity	61.1	63.0	69.4	71.1	70.1	67.8	67.3	71.3	72.1	72.8

Cash flow

Annual · In bn (TWD)

Operating 20.7 bn Investing -9.56 bn Financing -10.6 bn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating	5.93	21.6	26.2	28.6	-1.53	26.9	9.83	27.8	16.7	20.7
Investing	27.3	13.9	-4.36	-12.8	0.82	-8.83	7.47	-12.9	-7.46	-9.56
Financing	-35.2	-28.5	-22.1	-6.46	-14.9	2.92	-22.4	-13.9	-22.5	-10.6
Cash at period end	0.24	7.19	6.95	16.3	0.65	21.6	16.6	17.6	4.29	4.80

Profitability

Annual · %

Gross margin 43.3% Operating margin 39.3% Net margin 12.0%

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

Show table：Profitability

Item	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Gross margin	36.0%	43.3%	44.8%	45.8%	33.3%	15.0%	30.3%	44.5%	43.9%	43.3%
Operating margin	33.7%	40.9%	42.2%	43.2%	30.2%	11.0%	26.7%	41.2%	40.4%	39.3%
Net margin	10.2%	12.3%	23.6%	16.9%	14.9%	11.9%	10.2%	15.7%	12.1%	12.0%

Returns & leverage

Annual · %

ROE 9.1% ROA 1.7% Debt ratio 80.9%

Show table：Returns & leverage

Item	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
ROE	6.8%	8.6%	16.1%	11.4%	8.3%	5.2%	5.6%	11.3%	9.0%	9.1%
ROA	0.9%	1.2%	2.5%	1.8%	1.3%	0.8%	0.9%	1.9%	1.6%	1.7%
Debt ratio	86.8%	85.7%	84.0%	84.0%	83.6%	84.2%	83.2%	82.3%	81.2%	80.9%

EPS

Annual · NT$

EPS NT$1.17

Show table：EPS

Item	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
EPS（NT$）	0.74	0.95	1.90	1.42	1.04	0.64	0.67	1.39	1.15	1.17

Source: Taiwan MOPS financial statements

THSRC annual reports

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

About THSRC filings

Where can I download THSRC (2633) 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.