Asia300

Far Eastern New Century Corp.

Taiwan

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 23, 2017
Prev close: 27.3
Mar 23, 2017
Market cap:
Market cap(USD):
146,133.48M
4,794.08M
Shares: 5,352.87M

Currency in TWD

Company profile

Market(Ticker): TAI(1402)
Sector:
Industry:
Producer Manufacturing
Industrial Machinery
Full time employees: 26,965

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 2015

  • Local currency
  • US Dollar
Revenue 217,948.75M
Gross profit 48,063.63M
Operating income 14,395.95M
Income before tax 16,978.90M
Net income 8,034.69M
EBITDA 32,454.14M
Diluted EPS 1.6
Dividends per share 1
Total assets 518,765.12M
Total liabilities 258,368.11M
Total equity 197,251.56M
Operating cash flow 36,911.81M

Currency in TWD

Revenue 6,863.64M
Gross profit 1,513.62M
Operating income 453.35M
Income before tax 534.70M
Net income 253.02M
EBITDA 1,022.04M
Diluted EPS 0.05
Dividends per share 0.03
Total assets 15,793.37M
Total liabilities 7,865.80M
Total equity 6,005.16M
Operating cash flow 1,162.42M

Currency in USD

Valuation measures

Dec 2015

PER 15.99
ROA 1.58%
ROE 4.05%
Operating margin 6.60%
Profit margin 3.68%

Key executive

  • General Manager: Cheng Lung Hu
  • Co-President: Eric Hu
  • Co-Vice President: Humphrey Tseng
  • CFO, Deputy GM & Deputy Spokesman: Chien Cheng Wang
  • General Manager-Administration Department: Cheng Yu Cheng

Share holders

  • Asia Cement Corp.(25.3%)
  • The Vanguard Group, Inc.(2.4%)
  • HSU HSU TUNG(1.1%)
  • BlackRock Fund Advisors(1.0%)
  • Norges Bank Investment Management(0.8%)
  • Dimensional Fund Advisors LP(0.6%)
  • HSU HSU PING(0.5%)
  • U-Ming Marine Transport Corp.(0.5%)
  • Toray Industries, Inc.(0.5%)
  • HSU HO FANG(0.4%)

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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