Yieh Hsing Enterprise Co. Ltd. - Company Capsule by ICDResearch

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									Yieh Hsing Enterprise Co. Ltd.

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Yieh Hsing Enterprise Co. Ltd. - Company
Capsule
Reference Code: BR1404CC
Published Date: April 2011




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Yieh Hsing Enterprise Co. Ltd. - Company Capsule                                    Page 1
Yieh Hsing Enterprise Co. Ltd.

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Yieh Hsing Enterprise Co. Ltd. - Company Overview

Yieh Hsing Enterprise Co., Ltd. (Yieh Hsing) is a Taiwan based manufacturer of steel products. The company is the
member of E United Group. The company is principally engaged in the business of manufacturing of stainless steel wire
and carbon steel wire. Yieh Hsing offers a diverse range of products and services such as stainless steel wires, carbon
steel wires, alloy steel wires and free-cutting steel wires. The company’s products are used in small scale hand tools, wire
drawing machines, screws, screw caps, springs, and net making. The company markets its Products in Taiwan, China,
Southeast Asia, US and northeastern Asia. The company is headquartered in Taiwan.


Financial Performance

The company reported revenue of TWD 6,482.1 million during the fiscal year ended December 2009. The company's
revenue grew at a CAGR of 21.75% during the period 2007-2009 with a year on year decline of 31.44% over fiscal year
2008. During the fiscal year 2009, its operating margin was -0.53% as against an operating margin of -0.38% in fiscal year
2008. During the fiscal year 2009, the company registered a net margin of 0.59% as against a net margin of -4.07% in the
fiscal year 2008.




Yieh Hsing Enterprise Co. Ltd. - Key Facts

Yieh Hsing Enterprise Co. Ltd., Key Facts

                                  No.369, Pao Mi Road, Gangshan

Corporate Address:                Township, Kaohsiung County, , , Ticker Symbol, Stock         2007 (Taiwan Stock Exchange)
                                                                    Exchange
                                  Taiwan


Telephone                          + 886 7 6111111                  No. of Employees           380



Fax                                + 886 7 6124187                  Financial Year End         December



URL                               www.yheco.com.tw                  Revenue (in TWD Million)   6,482.11



Industry                          Metals and Mining                 Revenue (in USD Million)   196.01



Locations                         China, Taiwan, United States

Source: Annual Report, Company Website, Primary and Secondary Research




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Yieh Hsing Enterprise Co. Ltd. - Company Capsule                                                                     Page 2
Yieh Hsing Enterprise Co. Ltd.

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Yieh Hsing Enterprise Co. Ltd. - Major Products and Services

Yieh Hsing Enterprise Co., Ltd. (Yieh Hsing) is one of the leading manufacturers of steel products. Key products of the
company include the following:

Yieh Hsing Enterprise Co. Ltd., Major Products and Services
Products:

Wire Rod:

Stainless Steel

Stainless Welding

Carbon Steel

Alloy Steel

Free-Cutting Steel

Bar in Coil:

Stainless Steel

Carbon Steel
Source: Annual Report, Company Website, Primary and Secondary Research




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Yieh Hsing Enterprise Co. Ltd. - Company Capsule                                                                   Page 3
Yieh Hsing Enterprise Co. Ltd.

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Yieh Hsing Enterprise Co. Ltd. - Key Competitors

The following companies are the major competitors of Yieh Hsing Enterprise Co. Ltd.:

Chia Ta World Co., Ltd.

China Wire & Cable Co., Ltd.

Chih Lien Industrial Co., Ltd.

Yieh Phui Enterprise Co., Ltd.

Quintain Steel Co., LTD.




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Yieh Hsing Enterprise Co. Ltd. - Company Capsule                                       Page 4
Yieh Hsing Enterprise Co. Ltd.

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Yieh Hsing Enterprise Co. Ltd. - Key Employees


Yieh Hsing Enterprise Co. Ltd., Key Employees


          Name                              Job Title                     Board Level     Since   Age


Linmao Wu                  Chairman                                 Executive Board


                           Director, Deputy General Manager-
Yongxian Chen                                                       Executive Board       2008
                           Finance


Xiantong Liu               Director                                 Non Executive Board   2008


Jichuan Gu                 General Manager                          Senior Management     2008


Tianji Zhang               Director                                 Non Executive Board   2006


Yishou Lin                 Director                                 Non Executive Board   1978


Minghua Wu                 Deputy General Manager-Planning          Senior Management     2008


Xinchang Lin               Chief Engineer                           Senior Management     2008


Jingsheng You              Assistant General Manager-Finance        Senior Management     2008

Source: Annual Report, Company Website, Primary and Secondary Research




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Yieh Hsing Enterprise Co. Ltd. - Company Capsule                                                    Page 5
Yieh Hsing Enterprise Co. Ltd.

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Yieh Hsing Enterprise Co. Ltd. - Locations and Subsidiaries

Head Office

Yieh Hsing Enterprise Co. Ltd.
No.369, Pao Mi Road
Gangshan Township, Kaohsiung County
Taiwan
Tel: + 886 7 6111111
Fax: + 886 7 6124187




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Yieh Hsing Enterprise Co. Ltd. - Company Capsule                                    Page 6
Yieh Hsing Enterprise Co. Ltd.

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Yieh Hsing Enterprise Co. Ltd. - Financial Ratios

Financial Ratios - Annual Ratios


Yieh Hsing Enterprise Co. Ltd., Annual Ratios

                Key Ratios            Unit/Currency     2009       2008         2007       2006       2005
Equity Ratios
EPS (Earnings per Share)                   TWD              0.06      -0.62        -0.58       -2.5      -4.67
Book Value per Share                       TWD            10.07      10.02        14.18      10.82      25.16
Cash Value per Share                       TWD              0.26      1.69         0.49       0.55       2.25
Profitability Ratios
Gross Margin                                %               2.24      1.73         3.51       -0.56      1.66
Operating Margin                            %              -0.51      -0.37        1.14       -3.65      -2.31
Net Profit Margin                           %               0.59      -4.07        -1.99      -7.48      -7.61
Profit Markup                               %                         1.79         3
								
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