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Taiwan
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Feng Ching Metal Corp. (风青实业)

Main Activities: Fabricated Metal Product Manufacturing

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Company Information

Full name
Feng Ching Metal Corp. (风青实业)

Headquarters
No.3, Jianmin St., Daliao Dist., Kaohsiung, Taiwan; Kaohsiung City; Kaohsiung City
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Financial Auditors: PricewaterhouseCoopers (2013)
Incorporation Date: September 10, 1994
Total Employees: 17

Tel: 886-7-7873942

Company Description

FengChing Industrial Co., Ltd.(FengChing Metal Corporation) was established in September 1994.It went public in September 2004.It is engaged in the production of enameled wire. The enameled wire belongs to a capital and technology intensive industry and is the basic material of power, communications and data transmission. It is developed toward being fine and ultra-fine line with high conductivity and low loss. The main raw materials are 2.6mm bare copper wire from the stretched copper wire and varnish
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Company Analysis

According to the Individual - Audited financial statement for the first three cumulated quarters of 2012, total net operating revenues decreased with -23.94%, from TWD 1,951.42 millions to TWD 1,484.28 millions. Operating Results decreased from TWD 5.83 millions to TWD -7.85 millions. The results of the period decreased -225.94% reaching TWD -9.55 millions at the end of the period against TWD -2.93 millions last year. Return on equity (Net income/Total equity) went from -0.60% to -1.90%, the Return On Asset (Net income / Total Asset) went from -0.22% to -0.77% and the Net Profit Margin (Net Income/Net Sales) went from -0.15% to -0.64% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 148.23% compared to 171.38% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.48 to 1.08 when compared to the previous year.

Key Executives

Chen Fu To Chairman of the Board of Directors
Chen Yen Jan President
Tsai Yi Hsien Spokesperson

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Balance Sheet

Total Assets

1,244

1,178

Current Assets

801

737

Total Liabilities

743

673

Shareholders Equity

501

505

Current Liabilities

741

503

* All the accounts are in TWD.
Income Statement

Total Operating Revenue

1,484

1,017

Operational Profit (Loss)

-7

4

Net Profit (Loss)

-9

0

* All the accounts are in TWD.
Ratios
Profitability Ratios

Return on Assets (ROA)

-0.77%

0.04%

Annualised Return on Assets (ROA)

-1.03%

0.08%

Return on Equity (ROE)

-1.9%

0.09%

Annualised Return on Equity (ROE)

-2.53%

0.18%

Return on Sales (ROS)

-0.64%

0.05%

Return on Capital

-1.9%

0.07%

Gross Profit Margin

-0.12%

1.05%

Operating Profit Margin

-1.32%

-0.02%

Efficiency Ratios

Accounts Receivable Turnover

5.26x

3.71x

Inventory Turnover

69.50x

43.06x

Current asset turnover

1.85x

1.38x

Fixed-asset turnover

13.59x

9.11x

Asset Turnover

1.19x

0.86x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

-7

4

EBITDA

-0

8

Enterprise value

1,763

1,682

Enterprise Value / EBITDA

-1,856.35

190.34

Bookvalue (BV)

501

505

Net Cash

-639

-566

Liquidity Ratios

Current Ratio

108.16%

146.45%

Quick ratio

105.28%

141.81%

Doom's day ratio

13.97%

21.13%

Cash Flow to Debt

18.12%

27.23%

Leverage Ratios

Leverage ratio

248.23%

233.2%

Interest Coverage Ratio

-148.39%

122.44%

Debt to equity

148.23%

133.2%

Debt to total assets

59.71%

57.12%

Long Term Debt to Capital

0%

24.86%

Debt / Enterprise Value

42.15%

40%

Market ratios

Market Cap / Net cash

-1.76

-1.97

Trend Ratios

Revenue Trend

76.06%

77.73%

Net Income Trend

325.94%

2.19%

Operating Income Trend

527.42%

4.7%