(TICKER: 2915TW) 2015/05/31
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1 (TICKER: 2915TW) 2015/05/31
2 1. Company Overview 2. Financial Overview 3. Textile Business 4. Retail Business 5. E-commerce Business 6. Hyper Market Business 7. Life Insurance Business 8. Investment Catalysts 2
3 Company Overview Established In 1976 Chairman: President: Ph. D. Hans Hsu Capitalization: TWD 9.4bn Market Cap.: TWD 67.6bn (2015/05/29) Company Overview Main growth drivers: Brands & E-commerce Retail business Life insurance business 3
4 Company history 1977 IPO 1990 Renamed: : 潤 泰 紡 織 1993 Agent of Nautica 1997 The first RT- Mart in Taiwan was opened Added E-commerce Renamed: 潤 泰 全 球 2011/07 Sun Art Retail (RT- Mart China and Auchan) was IPO in HK 2011/07 FSC has approved the 25%-owned Ruen Chen Holdings investment in Nan Shan Life 4
5 Company Structure Market Cap. TWD 67.6bn Consolidated revenue of 2015Q1 : 2.7bn 潤 泰 全 球 Ruentex Industries Textile Retail E-commerce SHING YEN CONSTRUCTION Hyper Market Concord Greater China Hyper Market New Zone Fashion KGSS GIN-HONG INV. Other Hyper Market Hypermarket investment Life insurance business Ruentex Group Other Investments Sun Art Retail (ownership: 12.42%) Nan Shan Life (ownership: 12.42%) Ruentex Development (ownership: 24.57%) TaiMed Biologics(4.73%) OBI Pharma (1.93%) Market cap. owned: TWD 45.5 bn Market cap. owned: TWD 49.5 bn Market cap. owned: TWD 14.4 bn Note:Market data as of closed day of 29 May, 2015;(The price of Nan-Shan is unlisted quote TWD 28) Market cap. owned: TWD 2.2 bn 5
6 1. Company Overview 2. Financial Overview 3. Textile Business 4. Retail Business 5. E-commerce Business 6. Hyper Market Business 7. Life Insurance Business 8. Investment Catalysts 6
7 Consolidated I/S Unit: TWD millions / per share Q1 2015Q1 IFRS IFRS IFRS IFRS IFRS Consolidate revenue 9,238 76,565 9,045 2,703 2,704 Consolidate Gross Profit 3,439 71,248 3,990 1,448 1,280 Consolidate Operating Profit 1,810 69,325 2,333 1, Consolidate Net Profit (note) 4,253 78,953 8,416 1,556 1,675 Profit attributable to the Company(note) 3,323 43,587 7,113 1,021 1,425 EPS(TWD) (note) Note: Consolidate net profit, profit attributable to the company and eps in 2013, are included CGC re-measured its operating entities of NT 38.6 billion and earnings per share of NT , , ,238 9, ,703 2,704 10, ,000 每 股 盈 餘 ( 元 ) 現 金 股 利 ( 元 ) 股 利 發 放 率 合 併 營 收 ( 佰 萬 元 ) 71% 76% 75% Q1 2015Q1 7
8 Consolidated Key Ratios Q1 2015Q1 單 位 :% IFRS IFRS IFRS IFRS IFRS 資 產 報 酬 率 (ROA) 權 益 報 酬 率 (ROE) 資 產 報 酬 率 (ROA) 股 東 權 益 報 酬 率 (ROE) Q1 2015Q Q1 2015Q1 Note: ROA and ROE in 2013,are included CGC re-measured its operating entities of the percentage of interest, accounting for 82% and 98%, respectively. 8
9 1. Company Overview 2. Financial Overview 3. Textile Business 3. Textile Business 4. Retail Business 5. E-commerce Business 6. Hyper Market Business 7. Life Insurance Business 8. Investment Catalysts 9
10 Customers & Products BURBERRY Rohan 10
11 R&D Collaborative Design Manufacture (CDM) - In house design team - free lance consultant in Taipei - Nedgraphics CAD & CAM system Archive Library - Around 5,000 old archive books of Italy and France. - Design.com Pattern Analysis & Design. Developing functional products to keep in line with the market trends. 11
12 New pattern designs Concept Image CAD Hand Loom Sample 1.Concept Image //Runway/ trendy look 2. Inspired by Archive 3. CAD Design 4. Handloom 5. Sample Ydge 12
13 Vertical integrated production line Factory areas: 108,172 m 2 Dyeing mill Fully automatic dyeing machine Equipped by 1kg~500kg dyeing machine Preparing mill Warping & Sizing Equipped by pattern arranging machine Preparing for handlooms & Samples Weaving mill Equipped by 170 Air-jet looms and 54 rapier looms Produce more than 2,000,000 yards / month Finishing mill Equipped by the full line finishing machinery including singing, desizing, mercerizing, resin and curing, sanforizing... 13
14 Garment Division Location : Taipei / Hong Kong Garment OEM for domestic & exporting markets Domestic customers: Hang Ten, Arnold Palmer, Net Giordano, Bossini, Big Train, Avon etc. Exporting customers: Armani Exchange, ESCADA, St. John, ROBERT TALBOTT, Blair, Eden Park, Hugo Boss, REISS Sourcing in Great China & Vietnam Uniform ODM for domestic enterprises 14
15 1. Company Overview 2. Financial Overview 3. Textile Business 4. Retail Business 4. Retail Business 5. E-commerce Business 6. Hyper Market Business 7. Life Insurance Business 8. Investment Catalysts 15
16 Retailing Division Agent of many internationally recognized brands in Taiwan & China markets. Obtained SGS service certification in 2003 Service package includes market positioning, channel developing, marketing, visual merchandising, and customer service. Also provide ODM services for famous brands and chain stores. 16
17 Stores Since & Stores Taiwan China T:83 T:37 Brand Since Stores Nautica Jeep Kenneth Cole Kenneth Cole Reaction Eden Park Brand Since Stores Charles River (China) Eden Park (China) Nautica kids(china) Lulu Guinness Tralala LIPSERVICE Liz Lisa Laugoa
18 1. Company Overview 2. Financial Overview 3. Textile Business 4. Retail Business E-commerce Business 6. Hyper Market Business 7. Life Insurance Business 8. Investment Catalysts 18
19 Fashion Cookie Fashion Cookie link 19
20 Fashion Cookie E-Commerce Easily getting good shopping experiences in Fashion Brands:B es Carol, Corpo X, Anita Arenberg, Cupop 20
21 1. Company Overview 2. Financial Overview 3. Textile Business 4. Retail Business 5. E-commerce Business 6. Hyper Market Business 6. Hyper Market Business 7. Life Insurance Business 8. Investment Catalysts 21
22 Hyper Market- Sun Art (6808.HK) Ruentex Industries Full Shine (BVI) Concord Greater China Ltd. SINOPACGlobal Investment Ltd. A-RT Outstanding: 9,540mn shares Total ownership as of 29 May, 2015, 12.42% Note: Total ownership includes Ruentex Industries s indirect shareholdings through Ruentex Development 22
23 Hyper Market- Sun Art -2015Q1 Operating Results 2015Q1 2014Q1 Diff.% Turnover 29,294 27, % Gross Profit 6,318 5, % Operating Profit 1,578 1, % Net profit 1,114 1, % Profit attributable to equity shareholders of the Company 1,065 1, % EPS(RMB) 單 位 : 人 民 幣 佰 萬 元 Source: Sun Art 2015Q1 Result Announcement 23
24 Hyper Market- Sun Art -Expansion in 2015Q1 Source: Sun Art 2015Q1 Result Announcement 24
25 Hyper Market- Sun Art Market share in 2015Q1 Source: Sun Art 2015Q1 Result Announcement 25
26 1. Company Overview 2. Financial Overview 3. Textile Business 4. Retail Business 5. E-commerce Business 6. Hyper Market Business 7. Life insurance Insurance Business 8. Investment Catalysts 26
27 LIFE INSURANCE Nan Shan Life - the New Earnings Engine Ruentex Industries 23% Ruentex development 25% Hui Hong Yi Tai Chang Chung 32% Pou Chen 20% Ruen Chen 90.66% As of 31 Mar.,2015 Common share:twd92.4bn Shareholder :TWD 158.9bn Total ownership as of 31 May, 2015, 26.42% 27
28 LIFE INSURANCE Nan Shan Life - Operating Results in 2014 Unit: TWD 100 mn / per share /01~04 (unaudited) New Premium 146, ,179 51,699 Turnover 482, , ,016 Net Profit 16,439 21,277 4,813 EPS(NT$) Source: Company website, MOPS 28
29 LIFE INSURANCE Nan Shan Life - Operating Results in 2014 Net Profit (TWD 100mn) EPS (TWD 1) Source: Company website, MOPS 29
30 LIFE INSURANCE Nan Shan Life - Operating Results in 2014 ROE (%) ROA (%) Source: Company website, MOPS 30
31 LIFE INSURANCE Nan Shan Life Asset Portfolio & ROI 2014 Source: Company website, MOPS 31
32 1. Company Overview 2. Financial Overview 3. Textile Business 4. Retail Business 5. E-commerce Business 6. Hyper Market Business 7. Life Insurance Business 8. Investment Catalysts 32
33 Ruentex Industries Investment Catalysts Market Cap. Of Ruentex is full of potential Others Ruentex Develop bn 49.5 Nan Shan bn 45.5 Sun-Art 0 Market Cap. Of Ruentex Market Cap. Of Investment 33
34 潤 澤 社 會 泰 安 民 生 34
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