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Producer Manufacturing

Far Eastern New Century Corp.

  • 33.20 TWD
  • +0.95
  • +2.95%
  • Taiwan
    Aug 15, 2018
  • Ticker
    TAI(1402)
  • Prev. close
    32.25
  • Market cap (TWD)
    172,630.21M
  • Market cap (USD)
    5,604.05M
  • Shares
    5,352.87M

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.

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.

Financial Highlights

Dec 2017 TWDUSD
Revenue217,847.50M7,160.68M
Gross Profit47,869.54M1,573.48M
Operating income15,376.21M505.41M
Income before tax12,777.95M420.01M
Net income8,066.13M265.13M
EBITDA35,692.04M1,173.20M
Diluted EPS1.610.05
Dividends Per Share1.200.03
Total Assets516,766.28M17,365.33M
Total liabilities261,227.18M8,778.23M
Total equity194,360.38M6,531.25M
Operating cash flow30,162.74M991.45M
Currency in TWDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 238,841.21M 235,507.19M 217,948.75M 215,856.47M 217,847.50M
Gross Profit 44,394.50M 45,128.23M 48,063.63M 48,810.14M 47,869.54M
Operating income 13,221.67M 11,776.84M 14,395.95M 14,449.11M 15,376.21M
Income before tax 12,310.32M 17,304.27M 16,978.90M 14,086.17M 12,777.95M
Net income 7,207.08M 11,033.42M 8,034.69M 6,307.78M 8,066.13M
EBITDA 29,903.25M 28,684.85M 32,454.14M 33,591.63M 35,692.04M
Diluted EPS 1.43 2.19 1.60 1.26 1.61
Dividends Per Share 1.24 1.17 1 0.80 1.20
Total Assets 386,355.45M 496,604.29M 518,765.12M 513,460.15M 516,766.28M
Total liabilities 210,674.79M 233,285.53M 258,368.11M 261,267.50M 261,227.18M
Total equity 112,831.73M 199,500.42M 197,251.56M 190,886.45M 194,360.38M
Operating cash flow 26,908.24M 27,002.75M 36,911.81M 34,410.29M 30,162.74M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 8,046.87M 7,771.69M 6,863.64M 6,693.05M 7,160.68M
Gross Profit 1,495.70M 1,489.22M 1,513.62M 1,513.45M 1,573.48M
Operating income 445.45M 388.63M 453.35M 448.02M 505.41M
Income before tax 414.75M 571.03M 534.70M 436.76M 420.01M
Net income 242.81M 364.10M 253.02M 195.58M 265.13M
EBITDA 1,007.47M 946.59M 1,022.04M 1,041.57M 1,173.20M
Diluted EPS 0.04 0.07 0.05 0.03 0.05
Dividends Per Share 0.04 0.03 0.03 0.02 0.03
Total Assets 12,963.42M 15,714.33M 15,793.37M 15,931.61M 17,365.33M
Total liabilities 7,068.79M 7,381.98M 7,865.80M 8,106.59M 8,778.23M
Total equity 3,785.85M 6,312.90M 6,005.16M 5,922.81M 6,531.25M
Operating cash flow 906.57M 891.08M 1,162.42M 1,066.95M 991.45M

Valuation Measures

Dec 2017
PER16.64
ROA1.56%
ROE4.18%
Operating margin7.05%
Profit margin3.70%

Key executives

  • General Manager: Cheng Lung Hu
  • President: Humphrey Tseng
  • CFO, Deputy GM & Deputy Spokesman: Chien Cheng Wang
  • Senior Vice President-Research & Development: Ken Chang
  • General Manager-Administration Department: Cheng Yue Cheng

Shareholders

  • Asia Cement Corp. (23.7%)
  • Oriental Institute of Technology (4.8%)
  • Hsu Yuan Chih Medical Foundation /Fareastern/ (3.6%)
  • Hsu Yuean Chih Memorial Foundation (3.2%)
  • University of Yuan Ze (2.7%)
  • Nan Shan Life Insurance Co., Ltd. (2.7%)
  • Cathay Life Insurance Co., Ltd. (Invt Port) (2.6%)
  • Fubon Life Insurance Co., Ltd. (2.4%)
  • The Vanguard Group, Inc. (2.4%)
  • Shin Kong Life Insurance Co., Ltd. (2.3%)

Contact Details

  • 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

Related Companies

  • Suzhou An He Ltd.
  • PET Far Eastern (Holding) Ltd.
  • Far Eastern New Century Corp. Employees Retirement Fund
  • Yuan Cheng Human Resources Consultant Corp.
  • Shanghai Far Eastern It Corp.
  • Far Eastern Industries Wuxi Ltd.
  • Oriental Industries Suzhou Ltd.
  • Far Eastern Dyeing & Finishing Suzhou Ltd.
  • Pet Far Eastern M Sdn. Bhd.
  • Sino Belgium Beer Suzhou Ltd.
  • An Ho Garment Co., Ltd.
  • Far Eastern Polytex (Holding) Ltd.
  • Oriental Petrochemical (Taiwan) Co. Ltd.
  • Far Eastern Petrochemicals Ltd.
  • Oriental Securities Co., Ltd.
  • Far Eastern General Contractor, Inc.
  • Far Eastern Apparel Suzhou Co. Ltd.
  • Yuan Tung Investment Corp.
  • Ting Yuan International Investment Corp.
  • Yuan Dong Resources Development Corp.
  • Far Eastern Construction Co., Ltd.
  • Yuan Ding Investment Co. Ltd.
  • Kai Yuan International Investment Corp.
  • Far Eastern Investment Corp.
  • Yuang Ding Investment Corp.
  • Far Eastern Investment Holding Ltd.

Competitors

  • Formosa Chemicals & Fibre Corporation
  • HUVIS CORPORATION
  • Yi Jinn Industrial Co.,Ltd
Last Updated on 15 Aug, 2018

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