Formosa Chemicals & Fibre (FCFC, TWSE:1326) Q2 2026 self-tallied consolidated results: revenue of NT$87,154.28 million rose 6.6% QoQ yet pre-tax profit of NT$7.02 billion fell NT$280 million — the structure is operating income down NT$1.2 billion (company's account: crude and petrochemical feedstock prices fell after the US and Iran reached a peace agreement in June and reopened the Strait of Hormuz, some peers cut prices, customers held back and restocked only on essential demand, and scheduled maintenance of large units cut volumes) plus non-operating net income up NT$920 million recovering most of it; after-tax profit attributable to the parent NT$6,092.50 million, EPS NT$1.04, down NT$0.03 from Q1; H1 pre-tax profit NT$14.31 billion, up NT$21.8 billion versus H1 2025, EPS NT$2.11, up NT$3.35 per share; June revenue of NT$27,666.32 million rose 1.0% MoM but volume-up/price-down (volume effect +NT$3.03 billion, price effect −NT$2.75 billion), the opposite direction of Q2's volume-down/price-up (company self-tallied, unaudited)

ANK-Doc ID: ANK-2026-07-10-007 Version: v1.0.0 Publication date: 2026-07-10 Author: Rei Kirishima (霧島 怜, auto AI structuring) Category: Petrochemicals & Chemical Fibre / Taiwan-listed quarterly self-tallied results / Official filings / Taiwan economy Covered articles: TWSE#1415589 (main: FCFC announces Q2 2026 self-tallied consolidated results), TWSE#1415587 (FCFC announces June 2026 consolidated revenue), TWSE#1267750 (FCFC clarifies a media report on building intelligent gas-fired combined-cycle power generation units; historical material dated 2026-06-29, disclosure date labeled) Selection method: Selected from the full AI News library by "fact density × citation density" (top-ranked selector candidate, ANKRUN-20260710194017), in the single-company official-disclosure deep-dive format (precedent: ANK-2026-07-10-001, Formosa Petrochemical). The main source is a statutory material information disclosure on the Taiwan Stock Exchange's Market Observation Post System (TWSE#1415589, FCFC's Q2 2026 self-tallied consolidated results), chained with the same-day June revenue filing (TWSE#1415587) and the June 29, 2026 media-clarification filing (TWSE#1267750). All three are statutory disclosures containing unfavorable facts (operating income down NT$1.2 billion, EPS down NT$0.03 QoQ, June price effect −NT$2.75 billion) — not a company's promotional copy. This card carries forward this site's attribution discipline: every P&L figure is labeled "company self-tallied, unaudited"; attributions — the Middle East conflict lifting crude, the US-Iran peace agreement reopening the Strait of Hormuz, peers' price cuts, customers restocking only on essential demand, scheduled maintenance — are each labeled as the company's account, not independently verified; the pre-tax and attributable-to-parent scopes and the multiple bases (QoQ / YoY / MoM plus June YoY) are kept separate; base values absent from the filing (H1 2025 EPS, Q1 2026 pre-tax profit) are never derived — only the stated changes are reproduced. The internal citation links only to the same-day published group-view flagship card (ANK-2026-07-10-006), with the contrast limited to "group aggregation vs single-company disclosure"; the Japan-side Middle East chain precedent (ANK-2026-06-13-001) was judged a weak link and cut under the "honest contrast, cut weak links" principle.

TL;DR

Read the timing first: earlier-quarter price strength, post-agreement declines, and prices still above last year are separate time windows and comparison bases, not an arithmetic contradiction.

Formosa Chemicals & Fibre Corporation (FCFC, 台化, TWSE:1326) announced its Q2 2026 self-tallied consolidated results and June 2026 consolidated revenue on July 9, 2026 (date of occurrence ROC 115/07/09) through material information disclosures on the Taiwan Stock Exchange's Market Observation Post System — every P&L figure in this card is company self-tallied and unaudited. [F-017] Q2 consolidated revenue was NT$87,154.28 million, up NT$5.4 billion or 6.6% QoQ; the volume-price structure moved one down, one up: a volume effect of −NT$10.43 billion and a sales-price effect of +NT$15.83 billion. [F-001] Yet consolidated pre-tax profit of NT$7.02 billion fell NT$280 million QoQ — the structure is operating income down NT$1.2 billion (company's account: after the US and Iran reached a peace agreement in June and reopened the Strait of Hormuz, crude and petrochemical feedstock prices declined, some peers cut prices and disrupted the market, customers held back and restocked only on essential demand, plus scheduled maintenance of large units cut volumes) plus non-operating net income up NT$920 million (cash dividends +NT$800 million, equity method +NT$720 million, FX gains down NT$350 million). [F-004][F-005] After-tax profit attributable to the parent was NT$6,092.50 million, EPS NT$1.04, down NT$0.03 from Q1. [F-006] H1 YoY: revenue NT$168,904.09 million, up NT$16.45 billion or 10.8% (volume −NT$5.09 billion / price +NT$21.54 billion); pre-tax profit NT$14.31 billion, up NT$21.8 billion — structure = operating income +NT$8 billion plus non-operating net income +NT$13.8 billion (equity method +NT$10.88 billion, of which FPCC +NT$10.6 billion); after-tax profit attributable to the parent NT$12,337.54 million, EPS NT$2.11, up NT$3.35 per share versus H1 2025 (the filing gives only the increase; no base derived). [F-007][F-009][F-010][F-011] June consolidated revenue was NT$27,666.32 million, up NT$280 million or 1.0% MoM, but with the volume-price direction opposite to Q2's QoQ: volume +NT$3.03 billion, price −NT$2.75 billion (company's account: the US-Iran peace agreement and the reopening of the Strait of Hormuz converged the crude risk premium while supply rose, sending oil and petrochemical-plastics feedstock prices sharply lower); versus June 2025 it rose NT$2.87 billion or 11.6% (volume −NT$3.5 billion / price +NT$6.37 billion, with "average prices of major products still above last year's"). [F-012][F-014] There is also a June 29, 2026 clarification filing: responding to an Economic Daily News report on "building intelligent gas-fired combined-cycle power generation units", the company only issued a material information statement that the investment plan will be executed and announced per the applicable regulations, with MOPS announcements as authoritative — not an investment announcement; no amount, no timeline. [F-016] All geopolitical and market attributions are the company's statements in statutory disclosures, not independently verified by this site; this is a single company's disclosure and is not extrapolated to the industry as a whole.

Main text

Nature of the disclosure: statutory material information filings — "self-tallied" means unaudited, and this card keeps that scope throughout

Formosa Chemicals & Fibre Corporation (台化, TWSE:1326; the filing gives the company name as 臺灣化學纖維股份有限公司) published material information disclosures on the Taiwan Stock Exchange's Market Observation Post System on July 9, 2026 (date of occurrence ROC 115/07/09), announcing its Q2 2026 self-tallied consolidated results (TWSE#1415589) and its June 2026 consolidated revenue (TWSE#1415587); in both filings the filing entity is the company itself, the "countermeasures" field reads "none", and the "other matters" field states that the disclosure simultaneously qualifies as a matter with material impact on shareholders' equity or securities prices under Article 7, Paragraph 9 of the Enforcement Rules of the Securities and Exchange Act. [F-017] The scope must be nailed down first: "self-tallied" figures are computed by the company itself and are not audited by accountants — a different evidentiary tier from formal financial reports; every P&L figure cited in this card carries this scope, and figures in the subsequently published financial report may differ. Furthermore, the narrative elements in the disclosures — the Middle East conflict lifting crude prices, the US-Iran peace agreement in June reopening the Strait of Hormuz, some peers' price-cutting, customers holding back and restocking only on essential demand, higher ocean freight rates, scheduled maintenance — are the company's attributions in statutory disclosures; this site has not independently verified these geopolitical and market facts, and the entire card is labeled accordingly. The card additionally covers one clarification filing dated June 29, 2026 (TWSE#1267750, historical material with its date labeled), handled in a secondary section.

The volume-price structure behind Q2 revenue up 6.6% QoQ: volume effect −NT$10.43 billion, price effect +NT$15.83 billion — volume down, price up

Q2 2026 consolidated revenue was NT$87,154.28 million (871億5,428萬元), up NT$5.4 billion or 6.6% from Q1 2026. The disclosure itself provides the volume-price decomposition: a volume effect of −NT$10.43 billion and a sales-price effect of +NT$15.83 billion — that is, on volume changes alone revenue would have fallen; the quarter's entire revenue growth came from the price side. [F-001] (TWSE#1415589)

Subsidiary-level volume breakdown (the filing lists main items; this card reproduces without summing or verifying totals) [F-002]:

• FCFC (parent): down NT$8.62 billion QoQ — scheduled maintenance at the ARO-3 and SM-2 plants cut PX and SM production/sales volumes and raffinate sold back to Formosa Petrochemical by a combined NT$6.95 billion; PS, ABS and PP retreated after a sharp run-up, market prices were disrupted and ocean freight rates rose, leaving customers on the sidelines, cutting sales by NT$1.58 billion; phenol downstream customers shut units and cut output, reducing sales by NT$230 million.
• FCFC Ningbo: down NT$2 billion — PS and ABS prices fell back after surging, with disrupted markets keeping customers on the sidelines, cutting sales by NT$2.17 billion; PIA downstream customers cut output and offtake, a NT$450 million impact; PTA sales rose NT$630 million as downstream polyester resumed production this quarter after the Lunar New Year dampened Q1 demand.
• Other subsidiaries (QoQ): Taiwan Acetic Acid (台灣醋酸) hit its downstream traditional low season, sales down NT$300 million; Vietnam FIC's power units adjusted running hours to national grid dispatch and SPP pellets expanded market-priced sales, together up NT$620 million.

On price (company's account): mainly the Middle East conflict pushed crude oil prices higher, lifting feedstock and product prices in tandem, together with continued product-mix adjustment and differentiated grades raising prices and margins. [F-003] (TWSE#1415589)

The card's pivotal arithmetic structure: revenue up NT$5.4 billion yet pre-tax profit down NT$280 million — operating income −NT$1.2 billion, non-operating net income +NT$920 million, two opposing forces stated in the filing itself

Q2 2026 consolidated pre-tax profit was NT$7.02 billion, down NT$280 million from Q1 2026. The disclosure gives the structure directly:

First, operating income fell NT$1.2 billion QoQ. Company's account for the QoQ period: after the US and Iran reached a peace agreement in June and reopened the Strait of Hormuz, crude and petrochemical feedstock prices declined; some peers' price-cutting disrupted the market and customers held back, restocking only on essential demand — factors that pressured product selling prices downward — compounded by scheduled maintenance of large units reducing production and sales volumes. [F-004] (TWSE#1415589) Notably, within the same disclosure, the Q2 QoQ price effect of +NT$15.83 billion is attributed to "the Middle East conflict lifting crude prices", while the QoQ operating-income decline is attributed to "prices falling after the June US-Iran peace agreement" — rising and falling attributions coexist within the same quarter, both per the company's account; this card reproduces them side by side. This is not a self-contradiction in one time window: the former is the full-quarter price effect versus the prior quarter, while the latter is the post-peace-agreement intra-month/month-on-month price pressure and operating-income attribution.

Second, consolidated non-operating net income rose NT$920 million QoQ. The filing lists on a QoQ basis: (1) cash dividends up NT$800 million, mainly FPCC (塑化) +NT$440 million and Formosa Plastics (台塑) +NT$240 million; (2) equity-method investment income up NT$720 million, mainly FPCC +NT$420 million and Mailiao Power (麥寮汽電) +NT$310 million; (3) FX gains down NT$350 million, the filing's parenthetical "(-/本季；3.5億元/上季)" reproduced as-is. [F-005] (TWSE#1415589)

Taken together: operating income −NT$1.2 billion and non-operating net income +NT$920 million net out to the pre-tax decline of NT$280 million (stated in the filing itself; this card performs no derivation). After-tax profit attributable to the parent was NT$6,092.50 million, with after-tax EPS of NT$1.04, down NT$0.03 per share from Q1 2026 — the filing gives only the current EPS and the decrease, not the Q1 base EPS; this card reproduces without deriving. [F-006] (TWSE#1415589)

H1 YoY: revenue up 10.8%, pre-tax profit up NT$21.8 billion — structure = operating income +NT$8 billion plus non-operating net income +NT$13.8 billion

The comparison base switches to "H1 2026 vs H1 2025" (year-on-year), separate from the QoQ base above. H1 2026 consolidated revenue was NT$168,904.09 million (1,689億409萬元), up NT$16.45 billion or 10.8% from H1 2025; the volume-price structure mirrors Q2's QoQ: a volume effect of −NT$5.09 billion and a price effect of +NT$21.54 billion. [F-007] (TWSE#1415589)

Subsidiary-level volume breakdown for YoY (main items listed in the filing; reproduced without summing) [F-008]: FCFC (parent) down NT$690 million — OX, PTA and PIA downstream customers cut output on weak markets, reducing sales by NT$4.2 billion; PS, ABS and PP pursued lean production, volumes down NT$3.13 billion; PX expanded sales, +NT$4.82 billion; SM shifted from internal use to external sales, +NT$1.16 billion; phenol-acetone ran normally this year after last year's scheduled maintenance, +NT$530 million. FCFC Ningbo down NT$3.62 billion — ABS oversupply and peers' price-cutting led to volume cuts to control inventory, a NT$1.95 billion impact; PTA and PIA downstream customers cut output and offtake, NT$1.41 billion; raffinate production-sales adjustment cut external sales by NT$200 million. Other subsidiaries (YoY): Formosa Taffeta (福懋) down NT$1.11 billion (weaker end-consumption of filament fabrics, brand customers with high inventories cutting orders); Taiwan Acetic Acid down NT$220 million on weak markets; Vietnam FIC up NT$550 million (SPP pellets expanded into industrial-yarn grades and won market-priced orders; power units ran longer hours on national grid dispatch). On price (company's account): the US-Iran geopolitical conflict pushed crude higher, lifting feedstock prices, while a higher share of differentiated products raised average selling prices.

H1 2026 consolidated pre-tax profit was NT$14.31 billion, up NT$21.8 billion from H1 2025. The filing's structure: operating income up NT$8 billion (company's account: continued optimization of the product mix and lean production, timely production-sales adjustments to market conditions to secure profit, plus the US-Iran war lifting oil prices and product selling prices, widening the profit spread over feedstock costs) plus non-operating net income up NT$13.8 billion. [F-009] The non-operating items (main items listed): (1) equity-method investment income up NT$10.88 billion, mainly FPCC +NT$10.6 billion and Formosa Advanced Technologies (福懋科) +NT$290 million; (2) FX losses down NT$2.6 billion, the filing's parenthetical "(3.4億元/2026上半年；-22.6億元/2025上半年)" reproduced as-is; (3) cash dividends up NT$340 million, mainly Formosa Plastics' dividend paid earlier this year, +NT$240 million. [F-010] (TWSE#1415589) Note: the filing states only "up NT$21.8 billion" and does not give the H1 2025 pre-tax base; this card reproduces without deriving, and applies no characterization absent from the filing (such as "swing to profit").

After-tax profit attributable to the parent was NT$12,337.54 million (123億3,754萬元), with after-tax EPS of NT$2.11, up NT$3.35 per share versus H1 2025 — the filing gives only the current EPS and the increase, not the H1 2025 base EPS; this card reproduces without deriving. [F-011] (TWSE#1415589)

June revenue up 1.0% MoM but "volume up, price down" — the opposite of Q2's "volume down, price up"; two sets of filed numbers juxtaposed, no predictive conclusions

June 2026 consolidated revenue, announced the same day, was NT$27,666.32 million (the filing's headline states NT$27,666,322 thousand). Versus May 2026's NT$27,386.90 million it rose NT$280 million or 1.0% — a volume effect of +NT$3.03 billion and a price effect of −NT$2.75 billion. On price (company's account): the US and Iran reached a peace agreement and reopened transit through the Strait of Hormuz; the crude risk premium converged while supply increased, sending oil and petrochemical-plastics feedstock prices sharply lower. [F-012] (TWSE#1415587)

month-on-month volume breakdown (main items listed; reproduced without summing) [F-013]: FCFC (parent) up NT$3.786 billion — with ARO-3 restarting after scheduled maintenance, PX production/sales volumes and raffinate sold back to Formosa Petrochemical rose a combined NT$3.63 billion; phenol external sales rose NT$240 million to avoid falling-price risk; SM shifted from internal use to external sales, +NT$200 million; PP fell NT$280 million on scheduled equipment shutdown for maintenance and customers sidelined by falling prices. FCFC Ningbo down NT$110 million — raffinate production-sales adjustment cut external sales by NT$330 million; phenol downstream customers shut units and took less product, NT$220 million; ABS lost NT$80 million to peers' low-price competition; PTA-6 restarted after maintenance, volumes +NT$540 million. Other subsidiaries (month-on-month): Formosa Taffeta down NT$290 million (the US-Iran war weighed on end-consumer demand; filament-fabric brand customers cut orders); Taiwan Acetic Acid reduced line loading in response to market demand, −NT$170 million.

Versus June 2025's NT$24,792.70 million, June revenue rose NT$2.87 billion or 11.6% — a volume effect of −NT$3.5 billion and a price effect of +NT$6.37 billion. On price (company's account): the US-Iran war drove crude and petrochemical-plastics product prices higher; after June's peace agreement prices reversed downward, but average prices of major products remain above last year's. [F-014] YoY volume breakdown [F-015]: FCFC (parent) down NT$1.59 billion (PP, ABS and PS falling prices sidelined customers plus equipment shutdowns for maintenance, sales down NT$1.04 billion; PTA, PIA and OX downstream customers cut output and offtake, NT$1.02 billion; PX expanded sales on improved margins, +NT$430 million); FCFC Ningbo down NT$1.59 billion (PS and ABS falling prices sidelined customers, −NT$750 million; PTA, PIA and phenol downstream customers cut output, NT$630 million; raffinate production-sales adjustment, −NT$180 million); Formosa Taffeta down NT$270 million, mainly filament fabrics hit by mainland-China price competition. (TWSE#1415587)

Placing the two filed sets side by side: Q2 QoQ is "volume −NT$10.43 billion, price +NT$15.83 billion" (volume down, price up; company attribution: crude strength during the Middle East conflict), while June MoM is "volume +NT$3.03 billion, price −NT$2.75 billion" (volume up, price down; company attribution: post-peace-agreement convergence of the crude risk premium and sharply lower prices) — opposite directions. This reversal is an event-windfall-receding structure carried by the filings themselves; "earlier-quarter rise, post-agreement decline" and "still above last year on the year-on-year base" are separate comparison bases, not an arithmetic contradiction; this card only reproduces and juxtaposes the two sets of numbers and the company's attributions, and draws no predictive conclusions absent from the filings, such as "inflection point" or "confirmed reversal".

Secondary disclosure: the June 29 media clarification — "building intelligent gas-fired combined-cycle power generation units" is a company clarification, not an investment announcement (historical material: 2026-06-29)

On June 29, 2026 (date of occurrence ROC 115/06/29), FCFC issued a material information disclosure regarding an Economic Daily News report on "the company building intelligent gas-fired combined-cycle power generation units" (media outlet field: Economic Daily News; cause field: clarifying a media report; countermeasures field: issuing a material information statement). The company's statement: "The company has long attached importance to the circular economy and environmental sustainability. The investment plan to build intelligent gas-fired combined-cycle power generation units as reported by the media will be executed and announced in accordance with the Regulations Governing the Acquisition and Disposal of Assets by Public Companies and related rules; all relevant content shall be subject to the company's announcements on the Market Observation Post System made in accordance with regulations. This statement is hereby made." [F-016] (TWSE#1267750)

This card's handling: this is a statutory disclosure of a company clarifying a media report — not an investment announcement or confirmation; the filing contains no investment amount, timeline or scale, and this card writes none; whether the plan materializes, and its content, shall be subject to the company's subsequent MOPS announcements (P-003, pending verification).

Group-view contrast (internal citation): four-company aggregation vs FCFC standalone — juxtaposition of levels only, no causal inference

This site published the same day the flagship card ANK-2026-07-10-006 (the "component inspection" of the Formosa Plastics Group four companies' H1 2026 self-tallied results, bylined Rin Takenouchi), which aggregates the Q2/H1 self-tallied results of Formosa Plastics, Nan Ya, FCFC and Formosa Petrochemical from the group perspective and states that "FCFC's Q2 operating income fell NT$1.2 billion from Q1" — consistent with this card's main disclosure (TWSE#1415589). This card is the standalone deep-dive of FCFC's statutory disclosure: it binds that NT$1.2 billion decline's company attribution (post-peace-agreement price pressure plus scheduled maintenance), the +NT$920 million non-operating recovery structure, and the subsidiary-level volume detail verbatim to the filing. The contrast between the two cards stops at the level difference of "group aggregation (including CNA's aggregated scope) vs standalone disclosure (FCFC's TWSE filing scope)" — different samples and scopes; no causality is inferred in either direction.

Risk factors

• Self-tallied, not audited financial statements: every P&L figure in this card is FCFC's self-tallied number, unaudited; the formal financial report published later may differ (TWSE#1415589, TWSE#1415587).
• Geopolitical and market attributions are the company's account: the Middle East conflict lifting crude prices, the June US-Iran peace agreement and the reopening of the Strait of Hormuz, the convergence of the crude risk premium, some peers' price-cutting, customers holding back and restocking only on essential demand, higher ocean freight rates, mainland-China price competition, and scheduled maintenance are all the company's attributions in statutory disclosures; this site has not independently verified these facts (TWSE#1415589, TWSE#1415587).
• Base values absent from the filings are reproduced, never derived: the filings state only changes — "EPS down NT$0.03 per share from Q1", "up NT$3.35 per share versus H1 2025", "pre-tax profit up NT$21.8 billion" — without the Q1 2026 EPS, H1 2025 EPS or H1 2025 pre-tax base values; this card reproduces the stated changes only, derives no bases, and converts no volume/price effects into percentages (TWSE#1415589).
• "Main items" listings and breakdowns need not sum to totals: in the volume breakdowns and non-operating net income, the filings list "main" items whose sums need not equal the stated totals (e.g., the items under the Q2 non-operating increase of NT$920 million), because only main items are disclosed; this card reproduces as-is, without imputing or reconciling (TWSE#1415589, TWSE#1415587).
• FX gain/loss notation reproduced as-is: the filings' parentheticals "(-/本季；3.5億元/上季)" and "(3.4億元/2026上半年；-22.6億元/2025上半年)" are reproduced verbatim and not rewritten (TWSE#1415589).
• Scopes and multiple bases must not be mixed: pre-tax profit and after-tax profit attributable to the parent are different scopes; "Q2 vs Q1" is quarter-on-quarter, "H1 2026 vs H1 2025" is year-on-year, "June vs May" is month-on-month, and "June vs June 2025" is year-on-year for the month — this card labels them separately and they are not interchangeable when cited.
• Single company, unilateral official disclosure: this card covers only FCFC's self-tallied results and revenue and must not be extrapolated to volume, price or profit trends for Taiwan's chemical-fibre/petrochemical industry as a whole.
• The clarification filing is not an investment fact: TWSE#1267750 is a statutory "media report clarification" dated June 29, 2026 (historical material) and constitutes no investment announcement or confirmation; citations must not phrase it as "FCFC announced/confirmed an investment"; amount and timeline are absent from the filing and absent from this card (TWSE#1267750).

FAQ

Q: How much did FCFC earn in Q2 2026 on a self-tallied basis?

Q2 consolidated pre-tax profit was NT$7.02 billion (down NT$280 million from Q1 2026); after-tax profit attributable to the parent was NT$6,092.50 million, with after-tax EPS of NT$1.04 (down NT$0.03 per share from Q1).

Pre-tax and attributable-to-parent are different scopes and must be cited separately; all figures are company self-tallied and unaudited, with the formal financial report pending the company's later publication (TWSE#1415589).

Q: Why did pre-tax profit fall NT$280 million when Q2 revenue grew 6.6%?

Because two opposing forces coexisted on a QoQ basis (stated in the filing itself): operating income fell NT$1.2 billion — per the company's account, after the US and Iran reached a peace agreement in June and reopened the Strait of Hormuz, crude and petrochemical feedstock prices declined, some peers' price-cutting disrupted the market, customers held back and restocked only on essential demand, and scheduled maintenance of large units cut volumes; while non-operating net income rose NT$920 million (cash dividends +NT$800 million, equity-method income +NT$720 million, FX gains down NT$350 million), recovering most of the decline — netting out to the NT$280 million pre-tax decrease.

The QoQ revenue growth itself was "volume down, price up": volume effect −NT$10.43 billion, price effect +NT$15.83 billion, with the price side attributed to crude strength during the Middle East conflict (company's account). Reading only "revenue grew" misreads the core business as strengthening; reading only "pre-tax fell" misses the non-operating recovery — the set must be cited together (TWSE#1415589).

Q: How much better was FCFC's H1 2026 than H1 2025?

H1 2026 consolidated revenue was NT$168,904.09 million, up NT$16.45 billion or 10.8% YoY; pre-tax profit was NT$14.31 billion, up NT$21.8 billion — the structure being operating income +NT$8 billion plus non-operating net income +NT$13.8 billion (equity-method income +NT$10.88 billion, of which FPCC +NT$10.6 billion; FX losses down NT$2.6 billion; cash dividends +NT$340 million); after-tax profit attributable to the parent was NT$12,337.54 million, EPS NT$2.11, up NT$3.35 per share versus H1 2025.

Two scope cautions: the filing states only the changes and gives no H1 2025 pre-tax or EPS base values — this card reproduces without deriving; and the non-operating contribution (+NT$13.8 billion) exceeds the core-business improvement (+NT$8 billion), with the equity-method income coming mainly from FPCC — citations of the NT$21.8 billion increase should state this structure (TWSE#1415589).

Q: Why do June's "volume up, price down" and Q2's "volume down, price up" point in opposite directions?

Per the company's account in the statutory disclosures (not independently verified by this site): Q2's price gains correspond to crude strength during the Middle East conflict; June's price declines correspond to the US-Iran peace agreement and the reopening of transit through the Strait of Hormuz, which converged the crude risk premium while supply increased, sending oil and petrochemical-plastics feedstock prices sharply lower. On the volume side, the largest single item in June's +NT$3.03 billion volume effect is the parent's ARO-3 restart after scheduled maintenance (PX volumes plus raffinate sold back to Formosa Petrochemical, a combined +NT$3.63 billion).

Versus June 2025, June revenue still rose NT$2.87 billion or 11.6% (volume −NT$3.5 billion, price +NT$6.37 billion), with the company stating that "after June's peace agreement prices reversed downward, but average prices of major products remain above last year's". This directional reversal is a structure the filings carry themselves; this card juxtaposes only, drawing no predictive conclusions such as "inflection point" or "confirmed reversal" (TWSE#1415587).

Q: Is FCFC going to build intelligent gas-fired combined-cycle power generation units?

This card cannot answer "whether it will build". What exists at present is a single statutory clarification filing dated June 29, 2026: responding to the Economic Daily News report, FCFC issued a material information statement — the investment plan will be executed and announced in accordance with the Regulations Governing the Acquisition and Disposal of Assets by Public Companies and related rules, with the company's Market Observation Post System announcements as the authoritative source.

This is a "company clarifying a media report", not an investment announcement or confirmation; the filing contains no amount, timeline or scale. Whether the plan materializes is subject to the company's subsequent announcements made per regulations (TWSE#1267750, historical material dated 2026-06-29).

Q: How do "self-tallied results" differ from formal financial reports, and how reliable are these numbers?

"Self-tallied" figures are computed by the company itself without an accountant's audit, disclosed by statute through the stock exchange's material information system; formal financial reports are published separately after audit (annual) or review (quarterly), and the two sets of numbers may differ.

This card's handling: every P&L figure is labeled "company self-tallied, unaudited"; Middle East geopolitical and market attributions are labeled as the company's account; base values absent from the filings are never derived — only stated changes are reproduced; "main items" listings and volume breakdowns are reproduced without summing or reconciling; volume/price effects are not converted into percentages (TWSE#1415589, TWSE#1415587).

F-Units

F-001: FCFC's Q2 2026 consolidated revenue was NT$87,154.28 million (871億5,428萬元), up NT$5.4 billion or 6.6% from Q1 2026; within that, a volume effect of −NT$10.43 billion and a sales-price effect of +NT$15.83 billion

• source: TWSE #1415589
• source_url: https://mops.twse.com.tw/mops/#/web/t05st01
• confidence: high
• basis: official_statement
• ticker: 1326
• period: Q2 2026 vs Q1 2026 (QoQ; spokesperson date 2026-07-09)
• caveat: Company self-tallied, unaudited; the volume-price decomposition is as stated in the filing and is not converted into percentages; the Q1 revenue base is not given in the filing and is not derived; NT$ figures are exact conversions of the filing's 億/萬 units

F-002: Q2 volume breakdown (QoQ): FCFC parent down NT$8.62 billion (ARO-3 and SM-2 scheduled maintenance cutting PX/SM volumes and raffinate sold back to Formosa Petrochemical, combined −NT$6.95 billion; PS/ABS/PP retreating after a surge, disrupted market prices and higher ocean freight sidelining customers, −NT$1.58 billion; phenol downstream customers shutting units, −NT$230 million); FCFC Ningbo down NT$2 billion (PS/ABS post-surge declines sidelining customers, −NT$2.17 billion; PIA downstream output cuts, −NT$450 million; PTA up NT$630 million as downstream polyester resumed production after the Lunar New Year dampened Q1); Taiwan Acetic Acid in its downstream low season, −NT$300 million; Vietnam FIC power units on grid dispatch plus SPP pellet market-priced sales expansion, combined +NT$620 million

• source: TWSE #1415589
• source_url: https://mops.twse.com.tw/mops/#/web/t05st01
• confidence: high
• basis: official_statement
• ticker: 1326
• period: Q2 2026 vs Q1 2026 (QoQ)
• caveat: Company self-tallied; maintenance, market and freight attributions are the company's account; the filing lists main items whose sums need not equal totals — reproduced without imputing or reconciling

F-003: Q2 price-side attribution (company's account): mainly the Middle East conflict pushing crude prices higher, lifting feedstock and product prices in tandem, plus continued product-mix adjustment and differentiated grades raising prices and margins

• source: TWSE #1415589
• source_url: https://mops.twse.com.tw/mops/#/web/t05st01
• confidence: high
• basis: official_statement
• ticker: 1326
• period: Q2 2026 vs Q1 2026 (QoQ)
• caveat: Company self-tallied; geopolitical attributions such as the Middle East conflict are the company's account in a statutory disclosure, not independently verified by this site

F-004: Q2 2026 consolidated pre-tax profit was NT$7.02 billion, down NT$280 million from Q1 2026; within that, operating income fell NT$1.2 billion — company's account: after the US and Iran reached a peace agreement in June and reopened the Strait of Hormuz, crude and petrochemical feedstock prices declined, some peers' price-cutting disrupted the market, customers held back and restocked only on essential demand, pressuring selling prices downward, compounded by scheduled maintenance of large units reducing volumes

• source: TWSE #1415589
• source_url: https://mops.twse.com.tw/mops/#/web/t05st01
• confidence: high
• basis: official_statement
• ticker: 1326
• period: Q2 2026 vs Q1 2026 (QoQ)
• caveat: Company self-tallied, unaudited; the peace agreement, Strait of Hormuz reopening, peers' price cuts, essential-demand restocking and maintenance attributions are all the company's account, not independently verified; the Q1 pre-tax base is not given and not derived

F-005: Q2 2026 consolidated non-operating net income rose NT$920 million; the filing lists: (1) cash dividends up NT$800 million, mainly FPCC +NT$440 million and Formosa Plastics +NT$240 million; (2) equity-method investment income up NT$720 million, mainly FPCC +NT$420 million and Mailiao Power +NT$310 million; (3) FX gains down NT$350 million, the filing's parenthetical "(-/本季；3.5億元/上季)" reproduced as-is

• source: TWSE #1415589
• source_url: https://mops.twse.com.tw/mops/#/web/t05st01
• confidence: high
• basis: official_statement
• ticker: 1326
• period: Q2 2026 vs Q1 2026 (QoQ)
• caveat: Company self-tallied; the filing lists "main" items, which need not sum to the total increase — reproduced without imputing

F-006: Q2 2026 after-tax profit attributable to the parent was NT$6,092.50 million (60億9,250萬元), with after-tax EPS of NT$1.04, down NT$0.03 per share from Q1 2026

• source: TWSE #1415589
• source_url: https://mops.twse.com.tw/mops/#/web/t05st01
• confidence: high
• basis: official_statement
• ticker: 1326
• period: Q2 2026 vs Q1 2026 (QoQ)
• caveat: Company self-tallied, unaudited; the filing gives only the current EPS and the decrease, not the Q1 base EPS — reproduced without deriving; pre-tax and attributable-to-parent scopes must not be mixed

F-007: H1 2026 consolidated revenue was NT$168,904.09 million (1,689億409萬元), up NT$16.45 billion or 10.8% from H1 2025; within that, a volume effect of −NT$5.09 billion and a sales-price effect of +NT$21.54 billion

• source: TWSE #1415589
• source_url: https://mops.twse.com.tw/mops/#/web/t05st01
• confidence: high
• basis: official_statement
• ticker: 1326
• period: H1 2026 vs H1 2025 (YoY)
• caveat: Company self-tallied, unaudited; the volume-price decomposition is as filed and not converted into percentages

F-008: H1 volume breakdown (YoY): FCFC parent down NT$690 million (OX/PTA/PIA downstream output cuts on weak markets, −NT$4.2 billion; PS/ABS/PP lean production, −NT$3.13 billion; PX sales expansion, +NT$4.82 billion; SM shifting from internal use to external sales, +NT$1.16 billion; phenol-acetone running normally after last year's maintenance, +NT$530 million); FCFC Ningbo down NT$3.62 billion (ABS oversupply and peers' price-cutting prompting volume cuts to control inventory, −NT$1.95 billion; PTA/PIA downstream output cuts, −NT$1.41 billion; raffinate adjustment, −NT$200 million); Formosa Taffeta down NT$1.11 billion (weaker filament-fabric end-consumption, brand customers with high inventories cutting orders); Taiwan Acetic Acid −NT$220 million on weak markets; Vietnam FIC +NT$550 million (SPP pellets expanding into industrial-yarn grades and winning market-priced orders; power units running longer on grid dispatch)

• source: TWSE #1415589
• source_url: https://mops.twse.com.tw/mops/#/web/t05st01
• confidence: high
• basis: official_statement
• ticker: 1326
• period: H1 2026 vs H1 2025 (YoY)
• caveat: Company self-tallied; market and strategy attributions are the company's account; the filing lists main items whose sums need not equal totals — reproduced without imputing or reconciling

F-009: H1 2026 consolidated pre-tax profit was NT$14.31 billion, up NT$21.8 billion from H1 2025; within that, operating income rose NT$8 billion — company's account: continued product-mix optimization and lean production, timely production-sales adjustments to market conditions to secure profit, plus the US-Iran war lifting oil prices and product selling prices, widening the profit spread over feedstock costs

• source: TWSE #1415589
• source_url: https://mops.twse.com.tw/mops/#/web/t05st01
• confidence: high
• basis: official_statement
• ticker: 1326
• period: H1 2026 vs H1 2025 (YoY)
• caveat: Company self-tallied, unaudited; the US-Iran war and oil-price attributions are the company's account; the H1 2025 pre-tax base is not given in the filing — the increase is reproduced without deriving the base, and no characterization absent from the filing (e.g., "swing to profit") is applied

F-010: H1 2026 consolidated non-operating net income rose NT$13.8 billion; the filing lists: (1) equity-method investment income up NT$10.88 billion, mainly FPCC +NT$10.6 billion and Formosa Advanced Technologies +NT$290 million; (2) FX losses down NT$2.6 billion, the filing's parenthetical "(3.4億元/2026上半年；-22.6億元/2025上半年)" reproduced as-is; (3) cash dividends up NT$340 million, mainly Formosa Plastics' dividend paid earlier this year, +NT$240 million

• source: TWSE #1415589
• source_url: https://mops.twse.com.tw/mops/#/web/t05st01
• confidence: high
• basis: official_statement
• ticker: 1326
• period: H1 2026 vs H1 2025 (YoY)
• caveat: Company self-tallied; the filing lists "main" items, which need not sum to the total increase — reproduced without imputing

F-011: H1 2026 after-tax profit attributable to the parent was NT$12,337.54 million (123億3,754萬元), with after-tax EPS of NT$2.11, up NT$3.35 per share versus H1 2025

• source: TWSE #1415589
• source_url: https://mops.twse.com.tw/mops/#/web/t05st01
• confidence: high
• basis: official_statement
• ticker: 1326
• period: H1 2026 vs H1 2025 (YoY)
• caveat: Company self-tallied, unaudited; the filing gives only the current EPS and the +NT$3.35-per-share increase, not the H1 2025 base EPS — reproduced without deriving; scopes must not be mixed

F-012: June 2026 consolidated revenue was NT$27,666.32 million (filing headline: NT$27,666,322 thousand), up NT$280 million or 1.0% from May 2026's NT$27,386.90 million; within that, a volume effect of +NT$3.03 billion and a price effect of −NT$2.75 billion — price-side company account: the US and Iran reached a peace agreement and reopened transit through the Strait of Hormuz; the crude risk premium converged while supply increased, sending oil and petrochemical-plastics feedstock prices sharply lower

• source: TWSE #1415587
• source_url: https://mops.twse.com.tw/mops/#/web/t05st01
• confidence: high
• basis: official_statement
• ticker: 1326
• period: June 2026 vs May 2026 (MoM; spokesperson date 2026-07-09)
• caveat: Company self-tallied; the peace agreement and risk-premium attributions are the company's account, not independently verified by this site

F-013: June volume breakdown (MoM): FCFC parent up NT$3.786 billion (ARO-3 restart after scheduled maintenance lifting PX volumes and raffinate sold back to Formosa Petrochemical, combined +NT$3.63 billion; phenol external sales +NT$240 million to avoid falling-price risk; SM shifting to external sales, +NT$200 million; PP −NT$280 million on scheduled equipment shutdown and customers sidelined by falling prices); FCFC Ningbo down NT$110 million (raffinate adjustment −NT$330 million; phenol downstream shutdowns −NT$220 million; ABS peers' low-price competition −NT$80 million; PTA-6 restart after maintenance +NT$540 million); Formosa Taffeta down NT$290 million (the US-Iran war weighing on end-consumer demand, filament-fabric brand customers cutting orders); Taiwan Acetic Acid reducing line loading to market demand, −NT$170 million

• source: TWSE #1415587
• source_url: https://mops.twse.com.tw/mops/#/web/t05st01
• confidence: high
• basis: official_statement
• ticker: 1326
• period: June 2026 vs May 2026 (MoM)
• caveat: Company self-tallied; restart, market and war attributions are the company's account; the filing lists main items whose sums need not equal the total volume effect — reproduced without imputing or reconciling

F-014: June 2026 consolidated revenue of NT$27,666.32 million rose NT$2.87 billion or 11.6% from June 2025's NT$24,792.70 million; within that, a volume effect of −NT$3.5 billion and a price effect of +NT$6.37 billion — price-side company account: the US-Iran war drove crude and petrochemical-plastics product prices higher; after June's peace agreement prices reversed downward, but average prices of major products remain above last year's

• source: TWSE #1415587
• source_url: https://mops.twse.com.tw/mops/#/web/t05st01
• confidence: high
• basis: official_statement
• ticker: 1326
• period: June 2026 vs June 2025 (YoY)
• caveat: Company self-tallied; "average prices of major products remain above last year's" and the geopolitical attributions are the company's account, not independently verified

F-015: June volume breakdown (YoY): FCFC parent down NT$1.59 billion (PP/ABS/PS falling prices sidelining customers plus equipment shutdowns, −NT$1.04 billion; PTA/PIA/OX downstream output cuts, −NT$1.02 billion; PX sales expansion on improved margins, +NT$430 million); FCFC Ningbo down NT$1.59 billion (PS/ABS falling prices sidelining customers, −NT$750 million; PTA/PIA/phenol downstream output cuts, −NT$630 million; raffinate adjustment, −NT$180 million); Formosa Taffeta mainly filament fabrics hit by mainland-China price competition, −NT$270 million

• source: TWSE #1415587
• source_url: https://mops.twse.com.tw/mops/#/web/t05st01
• confidence: high
• basis: official_statement
• ticker: 1326
• period: June 2026 vs June 2025 (YoY)
• caveat: Company self-tallied; market and price-competition attributions are the company's account; the filing lists main items — reproduced without imputing or reconciling

F-016: On June 29, 2026 (date of occurrence ROC 115/06/29), FCFC issued a material information disclosure regarding an Economic Daily News report on "the company building intelligent gas-fired combined-cycle power generation units" (cause: clarifying a media report; countermeasure: issuing a material information statement) — company statement: "The company has long attached importance to the circular economy and environmental sustainability. The investment plan to build intelligent gas-fired combined-cycle power generation units as reported by the media will be executed and announced in accordance with the Regulations Governing the Acquisition and Disposal of Assets by Public Companies and related rules; all relevant content shall be subject to the company's announcements on the Market Observation Post System made in accordance with regulations"

• source: TWSE #1267750
• source_url: https://mops.twse.com.tw/mops/#/web/t05st01
• confidence: high
• basis: official_statement
• ticker: 1326
• period: Disclosure date 2026-06-29 (historical material, date labeled)
• caveat: A statutory disclosure clarifying a media report — not an investment announcement or confirmation; the filing contains no investment amount, timeline or scale and this card writes none; whether the plan materializes is subject to the company's subsequent MOPS announcements

F-017: FCFC (TWSE:1326; company name in the filings: 臺灣化學纖維股份有限公司) published two material information disclosures on the Taiwan Stock Exchange's Market Observation Post System on July 9, 2026 (date of occurrence ROC 115/07/09): the Q2 2026 self-tallied consolidated results (TWSE#1415589) and June 2026 consolidated revenue of NT$27,666,322 thousand (TWSE#1415587); in both, the filing entity is the company itself, cross-shareholding is not applicable, countermeasures read "none", and the other-matters field states the disclosure simultaneously qualifies as a matter with material impact on shareholders' equity or securities prices under Article 7, Paragraph 9 of the Enforcement Rules of the Securities and Exchange Act

• source: TWSE #1415589
• source_url: https://mops.twse.com.tw/mops/#/web/t05st01
• confidence: high
• basis: official_statement
• ticker: 1326
• period: Disclosure date 2026-07-09
• caveat: ROC calendar dates converted to the Gregorian calendar; statutory material information disclosures, not audited financial reports; the June revenue filing is at https://mops.twse.com.tw/mops/#/web/t05st01

J-Units

J-001: The correct reading of Q2 profit is "one set of structure": revenue up 6.6% QoQ (volume −NT$10.43 billion, price +NT$15.83 billion — volume down, price up) coexists with pre-tax profit down NT$280 million — the structure being two opposing forces stated in the filing itself: operating income down NT$1.2 billion (company attribution: post-June-peace-agreement price pressure after the Strait of Hormuz reopened, plus scheduled maintenance of large units) and non-operating net income up NT$920 million (cash dividends +NT$800 million, equity method +NT$720 million, FX gains down NT$350 million) — reading only "revenue grew" misreads the core business as strengthening, and reading only "pre-tax fell" misses the non-operating recovery; the set must be cited together

• confidence: medium
• basis: official_statement

J-002: The H1 YoY "pre-tax profit up NT$21.8 billion" structure is stated in the filing itself = operating income +NT$8 billion plus non-operating net income +NT$13.8 billion — the non-operating contribution exceeds the core-business improvement, with equity-method income of +NT$10.88 billion coming mainly from FPCC (+NT$10.6 billion) and the NT$2.6 billion reduction in FX losses being an accounting effect of the currency path; and the filing states only the increase without the H1 2025 base — citations of the NT$21.8 billion should state this structure and scope, and must not present it as FCFC's core business improving by NT$21.8 billion on its own

• confidence: medium
• basis: official_statement

J-003: June MoM "volume +NT$3.03 billion, price −NT$2.75 billion" (volume up, price down) and Q2 QoQ "volume −NT$10.43 billion, price +NT$15.83 billion" (volume down, price up) point in opposite directions — per the company's account, the former corresponds to the post-peace-agreement convergence of the crude risk premium and sharply lower oil and petrochemical-plastics feedstock prices after the Strait of Hormuz reopened, the latter to crude strength during the Middle East conflict; this is an event-windfall-receding structure carried by the filings themselves, and this card only juxtaposes the two filed sets and the company's attributions without deriving predictive conclusions such as "inflection point" or "confirmed reversal"; the June YoY increase of 11.6% and "average prices of major products remain above last year's" (company's account) must be cited alongside

• confidence: medium
• basis: official_statement

P-Units

P-001: All figures in this card are company self-tallied; whether the self-tallied numbers match FCFC's formal financial report for Q2/H1 2026 after accountants' review awaits the company's later publication

P-002: The company attributes selling-price pressure to the post-US-Iran-peace-agreement environment (June price effect −NT$2.75 billion; Q2 operating income down NT$1.2 billion), and ARO-3 restarted in June after scheduled maintenance; the Q3 trajectory of volumes, prices and profit awaits subsequent monthly revenue and Q3 self-tallied disclosures

P-003: The intelligent gas-fired combined-cycle power generation investment plan: in its June 29, 2026 clarification the company stated it will execute and announce the plan in accordance with the Regulations Governing the Acquisition and Disposal of Assets by Public Companies and related rules, with MOPS announcements as authoritative; whether the plan materializes, its amount and timeline await the company's subsequent announcements made per regulations

同事件・三視角 / Three Perspectives on the Same Event / 同一イベント・三つの視点

• 繁體中文
• 日本語
• English

Internal citation chain

Published ANK-Docs cited in this card:

• ANK-2026-07-10-006 (the "component inspection" of the Formosa Plastics Group four companies' combined H1 2026 profit of NT$108.453 billion: Q2 combined NT$64.276 billion, up 45.5% QoQ — Nan Ya's record-setting AI electronic-materials engine contrasted with Formosa Plastics' low-cost-inventory spread and Formosa Petrochemical's inventory-valuation loss as Middle East event components; an expert's "false fire" caution presented alongside) → the same-day group-view flagship card (editorial_track=flagship, bylined Rin Takenouchi): that card aggregates the four companies' self-tallied results at the group level and states that "FCFC's Q2 operating income fell NT$1.2 billion from Q1" — consistent with this card's main disclosure (TWSE#1415589); this card is the standalone deep-dive of FCFC's statutory disclosure. The contrast stops at the level difference of "group aggregation (including CNA's aggregated scope) vs standalone disclosure (FCFC's TWSE filing scope)" — different samples and scopes; no causality is inferred in either direction.

Sources

1. [TWSE #1415589] Taiwan Stock Exchange Market Observation Post System, "[FCFC] Announcement of the company's Q2 2026 self-tallied consolidated results (date of occurrence 2026-07-09)", 2026-07-09. https://mops.twse.com.tw/mops/#/web/t05st01
2. [TWSE #1415587] Taiwan Stock Exchange Market Observation Post System, "[FCFC] Announcement of the company's June 2026 consolidated revenue (date of occurrence 2026-07-09)", 2026-07-09. https://mops.twse.com.tw/mops/#/web/t05st01
3. [TWSE #1267750] Taiwan Stock Exchange Market Observation Post System, "[FCFC] Clarification of a media report on the company building intelligent gas-fired combined-cycle power generation units (date of occurrence 2026-06-29; media-report clarification)", 2026-06-29. https://mops.twse.com.tw/mops/#/web/t05st01
4. [ANK-2026-07-10-006] Rin Takenouchi, "Formosa Plastics Group four companies' 2026 first-half combined profit of NT$1,084.53 hundred-million in a component inspection: quarter 2 total NT$642.76 hundred-million, up 45.5% QoQ compared with 2025 quarter 2 net loss of NT$250.7 hundred-million, a swing to profit — Nan Ya's single-quarter EPS 3.37 and first-half EPS 5.17 setting new highs as the AI electronic-materials engine, contrasted with Formosa Plastics' low-cost-inventory spread and FPCC's NT$32.3 hundred-million inventory valuation loss as Middle East event components; an expert's false-fire caution presented alongside (all company self-tallied, unaudited)", 2026-07-10. https://ainews.washinmura.jp/ainews/en/ank/ANK-2026-07-10-006