Feng Tay Enterprises (9910) Investor presentation summary

Company overview

• Founded in 1971, with headquarters in Yunlin Science and Industrial Park, Taiwan.

• Specializes in shoe manufacturing and sales, with a capital of NTD 9,875 million.

• Production capacity is distributed across China (9%), Indonesia (14%), Vietnam (48%), and India (29%).

• Employs approximately 140,000 people globally.

Financial performance (Q1 2024)

• Consolidated operating revenue reached NTD 20,616 million, up 6% year-over-year.

• Gross margin improved to 21% from 18%, and net profit margin rose to 7% from 5%.

• EPS increased by 70% to NTD 1.29; ROE rose to 21% from 13%.

• Net income grew 56% to NTD 1,340 million.

Balance sheet and cash flow

• Total assets stood at NTD 51,789 million as of March 31, 2024.

• Cash position was NTD 3,372 million, with total equity at NTD 27,122 million.

• Operating cash flow for Q1 2024 was NTD 543 million; capital expenditures were NTD 932 million.

• Bank loans totaled NTD 5,566 million, and total liabilities were NTD 24,667 million.