Financial Performance

In 2022, the government’s continuous investment in public construction budgets, the return of Taiwanese businessmen to Taiwan for investment, and industrial transformation and upgrading still invigorate momentum for private investment, despite the sudden changes in the epidemic situation in Taiwan. The construction industry was still given relatively room for performance. The government adopts diversified plans to alleviate the rising pressure of building materials costs for construction factories to undertake public construction. In addition, new business opportunities for commercial, factory, and office building are promising. Therefore, the impact of soaring building material costs still exists, and large-scale construction companies are moving towards contracting with factory construction projects with higher profits. The recent impact of the Russia-Ukraine situation has also increased the instability of international raw material supply and affected market prices. We have adopted a flexible procurement and partial contracting approach to cope with the impact of labor and materials, and strive for construction projects on business offices, railways, factories and offices in which we have higher competitive advantages.

  • The total number of operating revenue items in 2022 was NT$14.205billion, with an increase of NT$3.432billion and a growth rate of 31% compared with 2011, of which project revenue was based on the full operation schedule of each project and the proportion of project cost investment; the net profit after tax was NT$1.047billion, with an annual increase of NT$307million and a growth rate of 41.52%.
  • The total number of operating expenditure items in 2022 was NT$12.604billion, including engineering costs, operating expenses and non-operating expenses, with an annual increase of NT$3.023billion and a growth of 31.6%. The increase in engineering costs was mainly due to the advancement of civil engineering and factory office projects according to the construction schedule.
  • In terms of annual financial revenue and expenditure and profitability, the net cash inflow from operating activities was NT$929million, and the net cash outflow from investment and financing activities was NT$7million; the net operating profit was NT$1.282billion, with an annual increase of NT$406million, an increase of 46.41%; earnings per share were 8.98 In the first year, it increased by 2.63 yuan, an increase of 41.42%.
  • Kedge had no applicable tax credits for the past 3 years.
  • Kedge Construction focuses on our own core construction business. In addition to cooperating with our partners to refine various construction methods to ensure that projects can be completed on time and on spec, we also continue to introduce construction smart technologies, develop new construction methods and materials, and respond to ESG action goals to solve technical problems. Shortage of labor, improvement of construction site management efficiency, high-strength materials or structural modularization to reduce impact on the environment are the directions in which we strive for better quality of construction.

This report reclassifies the annual consolidated comprehensive profit and loss statement from the perspective of economic distribution. We adjust and calculate the amount paid to investors and the government on a cash basis, and compile the details into an economic income and distribution statement.