Asia300

Far Eastern New Century Corp.

Taiwan

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Jul 21, 2017
Prev close: 24.55
Jul 21, 2017
Market cap:
Market cap(USD):
131,413M
4,320.67M
Shares: 5,352.88M

Currency in TWD

Company profile

Market(Ticker): TAI(1402)
Sector:
Industry:
Producer Manufacturing
Industrial Machinery
Full time employees: --

Business summary

Far Eastern New Century Corp. engages in the polyester, textile, petrochemical, land development, and investment businesses. It operates through the following segments: Petrochemical, Polyester, Textile, Telecommunication, Property, and Investment and Others segments. The company was founded on January 13, 1954 and is headquartered in Taipei, Taiwan.

Company background

Far Eastern New Century is a Taiwanese textile maker founded by Shanghai-born entrepreneur Hsu Yu-ziang in 1937 in the Chinese city.

The company began by specializing in knitted fabric, relocating to Taiwan in 1949 when the Nationalist government retreated to the island following its defeat in China's civil war.

In recent years, Far Eastern has become best known for textiles made from recycled plastic bottles. It is also working on "smart" clothing that monitors the wearer's health.

Chairman Douglas Hsu Tong, the founder's son, has a master's degree in economics from Columbia University in New York. The Hsu family has diversified into other businesses, including banking, telecommunications, retailing and tourism.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 215,856.47M
Gross profit 48,810.14M
Operating income 14,449.11M
Income before tax 14,086.17M
Net income 6,307.78M
EBITDA 33,591.63M
Diluted EPS 1.26
Dividends per share 0.8
Total assets 513,460.15M
Total liabilities 261,267.50M
Total equity 190,886.45M
Operating cash flow 34,410.29M

Currency in TWD

Revenue 6,693.05M
Gross profit 1,513.45M
Operating income 448.02M
Income before tax 436.76M
Net income 195.58M
EBITDA 1,041.57M
Diluted EPS 0.03
Dividends per share 0.02
Total assets 15,931.61M
Total liabilities 8,106.59M
Total equity 5,922.81M
Operating cash flow 1,066.95M

Currency in USD

Valuation measures

Dec 2016

PER 19.20
ROA 1.22%
ROE 3.25%
Operating margin 6.69%
Profit margin 2.92%

Key executive

  • General Manager: Cheng Lung Hu
  • Co-President: Eric Hu
  • Co-Vice President: Humphrey Tseng
  • CFO, Deputy GM & Deputy Spokesman: Chien Cheng Wang
  • Executive Vice President & Head-Accounting: Min Hsiung Tsai

Share holders

  • Asia Cement Corp.(23.7%)
  • Oriental Institute of Technology(4.8%)
  • Hsu Yuan Chih Medical Foundation /Fareastern/(3.6%)
  • Hsu Yuean Chih Memorial Foundation(3.1%)
  • University of Yuan Ze(2.7%)
  • The Vanguard Group, Inc.(2.5%)
  • Cathay Life Insurance Co., Ltd. (Invt Port)(2.5%)
  • Shin Kong Life Insurance Co., Ltd.(2.3%)
  • Nan Shan Life Insurance Co., Ltd.(2.3%)
  • HSU HSU TUNG(1.7%)

Address

  • Website: http://www.fenc.com
  • Address: 36F, Taipei Metro Tower, No 207, Section 2, Tunhua South Road, Taipei, 101, Taiwan
  • Phone: +886.2.2733.8000

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