ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Consumer Non-Durables

Pou Chen Corp.

  • 37.55 TWD
  • -0.10
  • -0.27%
  • Taiwan
    Apr 24, 2019
  • Ticker
    TAI(9904)
  • Prev. close
    37.65
  • Market cap (TWD)
    110,946.54M
  • Market cap (USD)
    3,596.61M
  • Shares
    2,946.78M

Company Background

Pou Chen is a holding company that controls a massive contract shoemaking empire, servicing international brands including Nike, Adidas and Puma. It operates factories in China, Vietnam and Indonesia. The company also distributes major international casualwear brands in Taiwan and China.

The company was founded in 1969 by C.J. Tsai in the central Taiwanese farming county of Changhua. It started out making rubber shoes for export, and first became a contract manufacturer in 1979 when it made shoes for Adidas.

In recent years, Pou Chen has transformed itself into a holding company by transferring shoe production to the Hong Kong-listed subsidiary Yue Yuen Industrial (Holdings) in 2002 and the distribution business to its subsidiary Pou Sheng International Holdings in 2008.

Chief Executive Patty Tsai is the daughter of C.J. She obtained a bachelor's degree in economics with a concentration in finance from the Wharton School of the University of Pennsylvania in 2002, and joined the family business in the same year. She was appointed CEO in 2012.

Business Summary

Pou Chen Corp. engages in the manufacture and sale of athletic and casual footwear. It focuses on footwear, sports apparel, and sports accessories such as sports bag, backpacks, luggage, and travel accessories. Its products include sports shoes, leather shoes, plastic shoes, rubber shoes, cloth shoes, and plastic foam boards. It also engaged in manufacture and sale of cotton. rayon. rayon. synthetic fiber, and blended knit. The company was founded on September 4, 1969 and is headquartered in Taichung, Taiwan.

Financial Highlights

Dec 2018 TWDUSD
Revenue293,316.08M9,727.12M
Gross Profit70,826.70M2,348.79M
Operating income13,823.68M458.42M
Income before tax14,500.34M480.86M
Net income10,708.64M355.12M
EBITDA24,223.83M803.32M
Diluted EPS3.620.12
Dividends Per Share----
Total Assets304,262.41M9,898.89M
Total liabilities152,064.70M4,947.28M
Total equity77,863.39M2,533.21M
Operating cash flow12,541.31M415.90M
Currency in TWDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 243,976.29M 269,081.17M 274,895.34M 278,631.87M 293,316.08M
Gross Profit 52,282.05M 61,450.73M 67,235.18M 68,983.81M 70,826.70M
Operating income 7,912.63M 12,346.38M 17,619.11M 17,068.09M 13,823.68M
Income before tax 9,720.09M 13,753.62M 20,007.73M 19,034.30M 14,500.34M
Net income 8,615.50M 9,531.35M 13,057.05M 12,921.60M 10,708.64M
EBITDA 15,562.90M 20,547.59M 26,256.14M 26,476.72M 24,223.83M
Diluted EPS 2.85 3.14 4.29 4.37 3.62
Dividends Per Share 1.50 1.50 1.50 2 --
Total Assets 273,041.94M 280,623.91M 293,889.86M 301,904.43M 304,262.41M
Total liabilities 120,916.35M 125,820.25M 130,879.15M 143,524.48M 152,064.70M
Total equity 70,714.21M 69,270.11M 75,705.14M 83,615.37M 77,863.39M
Operating cash flow 16,291.88M 25,747.44M 19,257.79M 20,702.64M 12,541.31M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 8,051.16M 8,473.91M 8,523.67M 9,158.68M 9,727.12M
Gross Profit 1,725.29M 1,935.20M 2,084.75M 2,267.51M 2,348.79M
Operating income 261.11M 388.81M 546.31M 561.03M 458.42M
Income before tax 320.76M 433.12M 620.37M 625.66M 480.86M
Net income 284.30M 300.16M 404.85M 424.73M 355.12M
EBITDA 513.57M 647.08M 814.12M 870.29M 803.32M
Diluted EPS 0.09 0.09 0.13 0.14 0.12
Dividends Per Share 0.04 0.04 0.04 0.06 --
Total Assets 8,640.02M 8,543.36M 9,118.80M 10,145.15M 9,898.89M
Total liabilities 3,826.22M 3,830.49M 4,060.91M 4,822.97M 4,947.28M
Total equity 2,237.65M 2,108.87M 2,348.97M 2,809.79M 2,533.21M
Operating cash flow 537.62M 810.83M 597.12M 680.49M 415.90M

Valuation Measures

Dec 2018
PER8.97
ROA3.53%
ROE13.26%
Operating margin4.71%
Profit margin3.65%

Key executives

  • Chairman & General Manager-Administration: Lu Min Chan
  • General Manager & Director: Chin Chu Lu
  • President: Pan Tsu Wu
  • Head-Finance & Assistant Deputy GM: Ya Fen Chang
  • Vice President: Nai Yung Tsai

Shareholders

  • TSAI CHI JUI (15.5%)
  • Chuan Mou Investments Co. Ltd. (5.5%)
  • Kai Tai Investments Co. Ltd. (4.4%)
  • The Vanguard Group, Inc. (3.1%)
  • Fubon Life Insurance Co., Ltd. (2.7%)
  • Cathay Life Insurance Co., Ltd. (Invt Port) (2.2%)
  • Dimensional Fund Advisors LP (1.9%)
  • BlackRock Fund Advisors (1.7%)
  • LLB Asset Management AG (1.7%)
  • Norges Bank Investment Management (1.4%)

Contact Details

  • Website:http://www.pouchen.com
  • Address: No. 600 Taiwan Boulevard Section 4, Xitun District, Taichung, 407 64, Taiwan
  • Phone: +886.4.2461.5678

Related Companies

  • Kunshan Yucheng Sporting Goods Co., Ltd.
  • Pou Chen Mexico SA de CV
  • Jilin Lingpao Sporting Goods Co. Ltd.
  • PT Nikomas Gemilang
  • PT Pou Chen Indonesia
  • Pou Chen Vietnam Enterprise Ltd.
  • Pou Yuen Marketing Co. Ltd.
  • Zhejiang Yichuan Sporting Goods Co. Ltd.
  • Jingzhan Asia-Pacific Construction Development Co. Ltd.
  • Pge Corp. Ltd.
  • Yue Yuan Yue Le Development Co. Ltd.
  • Yun Yang Investment Co. Ltd.
  • Pao Yuan Technology Co. Ltd.
  • Pei Li Development Co. Ltd.
  • Pao Hsiang Investment Co. Ltd.
  • Chih-So Technology Co. Ltd.
  • Ming Wang Investment Co. Ltd.
  • Pao Fu Investment Ltd.
  • Pao-Hsing Investment Co. Ltd.
  • Barits Development Corp.
  • Top Score Investments Ltd.
  • Win Fortune Investments Ltd.
  • Yue Yuen Industrial (Holdings) Limited

Competitors

  • adidas AG
  • NIKE, Inc. Class B
  • Li Ning Company Limited
  • Xtep International Holdings Limited
  • ANTA Sports Products Ltd.
  • 361 Degrees International Ltd.
  • HWASEUNG ENTERPRISE CO., LTD.
  • Eagle Nice (International) Holdings Ltd.
Last Updated on 24 Apr, 2019

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends April 19th

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media