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 distributed across China (10%), Indonesia (14%), Vietnam (46%), and India (30%).

• Employs approximately 135,000 people globally.

Financial performance – Q1 2025

• Consolidated revenue reached NTD 20,723 million, up 1% year-over-year.

• Gross margin remained steady at 21%, while operating profit margin increased to 7%.

• Net profit margin after tax declined to 6%, with EPS at NTD 1.16, down 10% from prior year.

• Return on equity dropped to 16% from 21% year-over-year.

Income statement highlights

• Gross profit for Q1 2025 was NTD 4,375 million, up 1% year-over-year.

• Operating expenses were NTD 2,986 million, representing 14% of revenue.

• Operating profit increased 4% to NTD 1,389 million.

• Net income attributable to owners was NTD 1,196 million, down 11% year-over-year.