Asia300

Li & Fung Ltd.

Hong Kong

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Apr 24, 2017
Prev close: 3.26
Apr 24, 2017
Market cap:
Market cap(USD):
27,434.36M
3,527.99M
Shares: 8,415.44M

Currency in HKD

Company profile

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

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 2016

  • Local currency
  • US Dollar
Revenue 130,103.68M
Gross profit 14,706.07M
Operating income 2,769.90M
Income before tax 2,367.80M
Net income 1,732.16M
EBITDA 3,571.21M
Diluted EPS 0.20
Dividends per share 0.23
Total assets 59,644.08M
Total liabilities 41,622.18M
Total equity 18,030.29M
Operating cash flow 2,477.98M

Currency in HKD

Revenue 16,760.63M
Gross profit 1,894.51M
Operating income 356.83M
Income before tax 305.03M
Net income 223.14M
EBITDA 460.06M
Diluted EPS 0.02
Dividends per share 0.02
Total assets 7,692.88M
Total liabilities 5,368.42M
Total equity 2,325.54M
Operating cash flow 319.22M

Currency in USD

Valuation measures

Dec 2016

PER 16.44
ROA 2.86%
ROE 9.25%
Operating margin 2.12%
Profit margin 1.33%

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.(8.7%)
  • Aberdeen Asset Management (Asia) Ltd.(4.8%)
  • First State Investments (Hong Kong) Ltd.(4.6%)
  • Capital Research & Management Co. (World Investors)(3.9%)
  • First State Investments (Singapore)(3.6%)
  • Capital Research & Management Co. (Global Investors)(3.2%)
  • FUNG KWOK LUN(2.9%)
  • FUNG KWOK KING(2.4%)
  • The Vanguard Group, Inc.(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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