Asia300

Li & Fung Ltd.

Hong Kong

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 23, 2017
Prev close: 3.71
Mar 23, 2017
Market cap:
Market cap(USD):
31,221.31M
4,019.73M
Shares: 8,415.44M

Currency in HKD

Company profile

Market(Ticker): HKG(494)
Sector:
Industry:
Distribution Services
Wholesale Distributors
Full time employees: 25,320

Business summary

Li & Fung Ltd. is an investment holding company, which engages in the trading, logistics and distribution of consumer products. It operates its business through the following segments: Trading Network and Logistics Network. The Trading Network segment provides on the global sourcing services through multiple channels, such as buying agent, trading-as-principal for private label merchandise, and on-shore wholesale business. The Logistics Network segment offers logistics solutions and freight forwarding services. The company was founded in 1991 and is headquartered in Hong Kong.

Company background

Li & Fung is one of the world's leading consumer products sourcing and logistics companies. Based in Hong Kong, with total assets of more than $8.4 billion, the company engages in businesses ranging from product design and raw-material sourcing to production management and quality control. Li & Fung supplies a wide range of consumer products, including designer apparel, home furnishings, handbags, accessories, sporting goods and footwear.

The company's logistics business manages worldwide supply chains with partner companies, providing in-country logistics and international freight forwarding services. Its network spans mainland China, Japan, South Korea, the Middle East, India and Southeast Asia, and comprises over 1.8 million sq. meters of logistics space.

Li & Fung spun off its brand management unit in 2014. The newly formed company, Global Brands Group Holding, has licenses on hundreds of trademarks and distributes goods to major Western retailers. The spinoff was intended to allow Li & Fung to focus on its core operations of product sourcing and logistics.

The company was established by Fung Pak-liu and Li To-ming in 1906. Honorary Chairman Victor Fung and Chairman William Fung, the third generation of the Fung family, have led the company since the 1980s. The Fung family holds a 28% stake in the company.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 145,987.42M
Gross profit 15,948.45M
Operating income 3,489.01M
Income before tax 3,916.63M
Net income 3,264.18M
EBITDA 4,345.33M
Diluted EPS 0.38
Dividends per share 0.28
Total assets 61,482.70M
Total liabilities 42,051.79M
Total equity 19,397.64M
Operating cash flow 3,351.01M

Currency in HKD

Revenue 18,830.83M
Gross profit 2,057.18M
Operating income 450.04M
Income before tax 505.20M
Net income 421.04M
EBITDA 560.50M
Diluted EPS 0.05
Dividends per share 0.03
Total assets 7,933.09M
Total liabilities 5,425.93M
Total equity 2,502.87M
Operating cash flow 432.24M

Currency in USD

Valuation measures

Dec 2015

PER 13.48
ROA 5.13%
ROE 16.50%
Operating margin 2.38%
Profit margin 2.23%

Key executive

  • Group Chief Executive Officer & Executive Director: Spencer Theodore Fung
  • Chief Financial Officer: Sung Lai Lam
  • Group Chief Technology Officer: Manuel Carlos Fernandez
  • Group Chief Compliance & Risk Management Officer: Chi Wai Yeung
  • Chief Administrative Officer: Oi Wai Mak Mok

Share holders

  • FUNG FAMILY(27.9%)
  • First State Investment Management (UK) Ltd.(7.0%)
  • First State Investments (Hong Kong) Ltd.(5.7%)
  • Aberdeen Asset Management (Asia) Ltd.(4.8%)
  • First State Investments (Singapore)(4.3%)
  • Capital Research & Management Co. (World Investors)(3.9%)
  • Capital Research & Management Co. (Global Investors)(3.2%)
  • FUNG KWOK LUN(2.9%)
  • FUNG KWOK KING(2.4%)
  • Massachusetts Financial Services Co.(1.4%)

Address

  • Website: http://www.lifung.com
  • Address: 11th Floor, LiFung Tower, 888 Cheung Sha Wan Road, Hong Kong, Hong Kong
  • Phone: +852.2300.2300

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