Operating performance of Far East New Century Co., Ltd.

On June 5438+1October 20, 2009, the company officially changed its name to "Far East New Century Company". With its pragmatic business philosophy and macro-omni-directional cutting ability, it has expanded its territory in the textile industry, created the highest value of land resources, made profits through business reinvestment, improved the return on assets and shareholders' equity, and demonstrated the new value of holding companies in transitional industries. In the global economic downturn in 2009, the flexible business strategy of "Far East New Century" once again demonstrated its operational strength and made great efforts against the trend. In 2009, the operating income reached NT$ 41900 million, the budget achievement rate was 106%, the net profit was RMB 8 100 billion, an increase of RMB 3.5 billion compared with 2008, and the earnings per share was NT$ 1.74 yuan, with a growth rate of 76%. The consolidated revenue was RMB. At the sixth meeting of the 20th Board of Directors, dividend was drawn up, with cash dividend of 65,438+0.3 yuan per share and surplus allotment of 0.2 yuan, totaling NT$ 65,438+0.5 yuan per share. The business performance is described as follows: "Far East New Century" spinning fiber production and marketing structure chain, creating the best competitive advantage in the industry. It covers the upstream petrochemical raw materials, chemical fiber and the textile, weaving, dyeing and garment industries in the middle and lower reaches, and fully grasps the niche of vertical integration. At present, the two sides of the Taiwan Strait have laid out a complete supply chain and built a unified production and marketing system. Chinese mainland's upstream headquarters is located in Shanghai, and its downstream headquarters is located in Suzhou. It has invested and produced in Shanghai, Suzhou and Wuxi successively.

Upstream-petrochemical and chemical fiber industries: Yadong Petrochemical currently has three PTA production lines in Taiwan Province Province and Shanghai, with a total production capacity of 6,543,800 tons on both sides. In 2009, it achieved a huge profit leap and is now promoting the expansion of new production capacity. The polymerization capacity (PET) is the top five in the world, and it is the leading supplier of bottle-level chips in Asia. Since 20 10, Far Textile Industry (Shanghai) has actively planned to expand the production of bottle film and invested in the construction of a production line with an annual output of 700,000 tons in Chinese mainland. Wuhan Fiona Fang New Materials has continuously expanded its film production capacity, and the six lines of the whole factory have reached economic scale, while expanding the market share in the central and western regions. Functional environmental protection products are the mainstream in the fiber industry, and special cotton with high added value improves its profitability and enjoys a leading position in the field of functional environmental protection fibers. Middle and lower reaches-textile and garment industry: the textile industry group integrates the production efficiency of both sides of the Taiwan Strait, and its products extend environmental protection fibers and green energy fibers. The scale of Yuanfang Industry (Wuxi) is 6.5438+0.2 million spindles, and it cooperates upstream and downstream with knitting industry group-Far East Weaving and Dyeing (Suzhou) and garment industry group-Far East Clothing (Suzhou) to explore domestic brand customers in Chinese mainland. Industrial cloth business group: the production of industrial conveyor belt base cloth and tire cord cloth has gradually been recognized by internationally renowned customers such as Japan and South Korea, and the products have penetrated into Europe, the United States and Australia. Yadong Industry (Suzhou) has completed the vertical integration of upstream and downstream, and is currently actively expanding in the second phase. Combined with cross-strait production, it has become a leading brand in the field of industrial cloth, and formed a strategic alliance with well-known manufacturers at home and abroad (Kordsa, Fenner Dunlop, etc.). ) China Beer (Suzhou) cooperated with Martens, an internationally renowned manufacturer, to produce a single-layer bottle with high air tightness, and took "CoolerPakTM" as the trademark, realizing the ideal of expanding the application field of polyester. After mass production, Tsingtao beer will be brewed instead, and PET bottled beer of Belgian brands such as Martens, Asahi and Ladbrokes will be brewed instead, expanding the PET bottled beer business of B-to-B and B-to-C. Knitted fabric business group: to give full play to the advantages of both sides of the strait, Taiwan Province Province designated Nike as the exclusive developer of the 20 10 World Cup; Yuanfang Printing and Dyeing (Suzhou) started the second phase expansion to realize mass production. Ready-to-wear business group: Far East Clothing (Suzhou) is deeply involved in the field of sports brands and casual clothes, strengthening the function of design center and developing new materials. Established a customized sales team and factory, continuously deepened lean production management, and mastered brand customers such as Nike, Colombia, Li Ning, Anta and Kappa. In response to market trends and changes in labor costs, we will actively expand overseas business bases and plan to establish a second production base. Evaluating "ASEAN 10+ 1" is beneficial to Vietnam's economic take-off, and clothing development will also focus on Vietnam. The first phase expansion project of Vietnam factory has been completed, and it is estimated that 12 production lines will be completed in the second quarter of 20 10.

In today's increasingly important environmental protection and energy issues, our company has laid out new energy sources, mainly promoted green products related to polyester industry, increased R&D manpower and funds, and actively promoted projects. Innovative R&D is the greatest advantage of "Far East New Century" team. It has always been famous for its powerful elite R&D team. With a research team of more than 100 doctors and masters, and extremely advanced equipment, the cooperation with the professional team of the Division is unique in the industry.

The company has established a high-quality management system and attached importance to accounting transparency. We have launched the ERP system upgrade plan in an all-round way, and are ready to fully integrate with the International Financial Reporting Standards (IFRSs). The management team stands out in the fierce market competition with its continuous improvement management ability. 20 10 is the first year of the new century in the far east, and the company has formulated the first five-year growth plan, with the goal of strengthening competitiveness and doubling production capacity and turnover within five years. The main investment of 20 10 plan is doubled compared with 2009. In the strategic important investment plan, the petrochemical part is PTA's new production lines with annual production capacity of 6.5438+0.2 million tons in Guanyin, Taiwan Province and Chinese mainland; For chemical fiber, the PET production line with an annual output of 700,000 tons (2,000 tons/day) was expanded in Shanghai, which is the first set of single production line technology with the largest capacity in the world. Wuxi and Suzhou have also launched textile expansion projects, and the company has launched a vertically integrated expansion plan with the latest technical level.

In terms of reinvestment in the telecommunications industry, Yuanchuan Telecom is committed to improving efficiency to reduce costs, increase the capital expenditure ratio, accelerate the upgrading of 3G networks in Taiwan Province, and improve WiMAX network coverage. In order to seize the business opportunities of multimedia digital convergence and seize the market share of high value-added services, cooperation plans with other related industries have been actively laid out, such as entering the field of cloud services for enterprise users, cooperating with mobile phone manufacturers and brand manufacturers, and focusing on smart phones); . Introduce "s mart" to expand the market share of remote transmission in multimedia services. "Far East New Century" has been deeply rooted in Taiwan Province Province for 60 years. With the aim of "taking from society and applying it to society", we spare no effort to practice corporate social responsibility (CSR). In addition to holding the Far East Architecture Award and the Excellent Technology Award, he has always shown local concern. In 2009, when the Far East Group celebrated its 60th anniversary in Taiwan Province, it took "Caring for Taiwan Province Province" as the main axis of the celebration to help the 88 flood. 20 10 Taiwan Province 12 locations were connected in series to hold a joint blood donation activity for Far East people, and every bit of Far East blood expressed the sincerity of Far East people to give back to society. Far East Group has always been full of love and gratitude, fulfilling corporate citizenship responsibilities, leading social development and promoting public welfare.