Taiwan, whose main industry is tea productionAgriculture and forestryHolding 3,715 hectares of land assets, it is also likened to sitting on a golden mountain of carbon rights. It has launched a transformation in recent years. Taiwan Agriculture and Forestry said that its revenue in 2022 has increased by 26% compared with 2019, and it hopes to turn a loss into a profit in the shortest possible period.
Taiwan Agriculture and Forestry held a legal person briefing today. Management pointed out that Taiwan Agriculture and Forestry was established in 1950 and is the second largest private landowner in Taiwan, with a land area of 3,715 hectares and a current market value of US$560 million. It has also been likened to sitting on a golden mountain of carbon rights.
After Sanyang Group took over Taiwan Agriculture and Forestry, Wu Qingyuan was elected as chairman in 2019 and re-elected in 2022, and launched a corporate transformation to increase profit margins.
Taiwan Agriculture and Forestry has four main businesses. First, tea tree cultivation, production and sales of tea and tea-related products; second,go sightseeingLeisure; third, outsourcing of land assets; fourth, land development.
Taiwan Nonglin pointed out that due to the high operating costs of tea planting and leisure tourism eroding profits, chairman Wu Qingyuan is determined to change this situation and turn Nonglin into a profit in a short period of time. Nonglin will reduce the tea planting area and stop expanding. production capacity, and released more than 200 hectares of land in Pingtung for solar power generation.
In addition, in order to improve operational efficiency and reduce the burden of operating expenses, Taiwan Agriculture and Forestry stated that it will gradually outsource the operation of leisure and tourism farms. First, the planning of Xiongkong Leisure Farm will be outsourced, and the remaining sites will be gradually advanced based on the progress and results of the outsourced operation. , the first two plans are expected to be gradually realized in the next three to five years, and it is expected that the agricultural and forestry company will turn losses into profits in the shortest period of time.
Taiwan Agriculture and Forestry’s revenue has grown for four consecutive years. Revenue in 2022 has increased by 26% compared with 2019. Looking at the profits and losses in recent years, Taiwan Agriculture and Forestry’s losses per share from 2019 to 2022 were 0.18 yuan, 0.02 yuan, 1.42 yuan, and 1.42 yuan, respectively. 2.07 yuan, and the loss per share in the first three quarters of this year was only 0.2 yuan.
Looking to the future, Taiwan Agriculture and Forestry has four major development strategies. First, in terms of the tea industry, Taiwan Agriculture and Forestry maintains and strengthens its leading position in Taiwan’s tea market. Currently, tea production will reach 500 tons per year in 2025, accounting for 10% of Taiwan’s total tea production. 3% of the amount.
Second, in the tourism and leisure sector, Taiwan Agriculture and Forestry utilizes tea factories and land resources to develop leisure agriculture and tourism, becoming the second profit engine for agriculture and forestry.
Third, after three years of observation and operation by the new management, Taiwan Agriculture and Forestry will transform part of the tea industry and tourism and leisure businesses, and strive to increase profit margins.
Fourth, the Taiwan Agriculture and Forestry Association correctly and effectively utilizes abundant land resources, continues asset activation and reinvestment, and maximizes the land value of agriculture and forestry.
In terms of large-scale land development projects, Taiwan Agriculture and Forestry stated that the residential community on the north side of Tongke and the industrial and commercial complex on the north side of Tongke have completed the land use change project, and continue to implement the operational investment plan. The development plan of Sanyi Technology Logistics Park, environmental impact The evaluation review has been passed, the development plan of the industrial park on the north side of Tongke is under review, and the recreation area on the south side of Tongke is under preparation and planning.
In addition, Taiwan Agriculture and Forestry said that in terms of ESG, it has started to rehabilitate 475 hectares of forest land and actively protect virgin forests; the solar rooftop power generation power is 538 kilowatts, which can produce 688 million watt hours of electricity a year.
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