As the leader of Taiwan’s online retail industry, momo’s portfolio encompasses momo shop, momo mall, TV shopping, and catalogs. In keeping with our corporate mission of “improving people’s qualify of life by providing affordable products and quality services” and upholding the four business values of “Honesty, Friendliness, Professionalism, and Innovation”, we strive to realize our vision “to become the No.1 virtual shopping platform for consumers and suppliers”. We provide consumers and suppliers with a high-quality shopping experience.
momo creates a sustainable value chain for the leading B2C e-commerce in Taiwan
The counterattack of the COVID-19 has reshaped consumption habits, accelerated the vigorous development of virtual retail channels, and tested corporate risk management and resilience under the epidemic. momo responded to the epidemic impact with a forward-looking operation layout and actively broke through customers’ imagination of online services. We are committed to providing high-quality goods and services, driving the consolidated revenue to reach new peaks in 2022, exceeding NT$103.4 billion, an annual increase of 17%, and net profit after tax of NT$3.4 billion. The business channels cover the Internet/TV/catalogue, and the main customers are individual consumers, of which online shopping revenue accounts for 95.3%, with an annual growth rate of 18.7%, creating excellent business performance.
momo has actively promoted low-carbon transformation in recent years. In 2017, we officially opened the first green building concept warehouse in the " Automated North Distribution Center"; in 2018, we strengthened the layout of "short-chain logistics" to improve the efficiency of logistics distribution; The two 100%-owned subsidiaries of “Fu Sheng Logistics Co., Ltd.” and “MFS CO., Ltd.” were set up to actively expanding green logistics services and introducing diversified international products; In 2021, the "momo coin ecosystem" project was launched to optimize customer consumption experience and create new business opportunities with business partners; In 2022, momo focus on the three main axes of packaging, logistics, and green consumption to accelerate the planning of climate strategies, with the development goal of "Taiwan's green life e-commerce NO.1".
Consolidated Financial Performance
Through the precise execution of the strategic plan, momo has continued to grow steadily and achieved record results. In addition to regularly distributing surplus earnings to stakeholders, momo supports the government's initiatives in promoting corporate innovation, research and development, economic growth, and rent reform. In 2022, momo's consolidated revenue exceeds a record high of NT$100 billion.
Dividend Policy and Shareholder Equity
Our dividend policy adheres to the company articles of incorporation and current legislation. To meet the operational demands of the company and maximize shareholder equity in the present environment and stage of growth, the distribution of dividends is based on a combination of surplus dividend and high payout ratio. The Company’s future capital budget plan is used to gauge funding needs in upcoming years. Profitability, financial structure and the degree to which earnings per share are diluted are all taken into account. A suitable dividend distribution proposal is then devised by the board of directors and submitted to shareholders’ meeting for approval. Employee profit sharing is distributed as cash to safeguard shareholder equity.
