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Highwealth — Investor Presentation 2018
Jan 24, 2018
52150_rns_2018-01-24_5e3a53d3-86b7-4344-89e1-33ceb13d8083.pdf
Investor Presentation
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HIGHWEALTH CONSTRUCTION
Investor Conference 2018
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興富發集團2018年法人說明會
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2018年1月24日
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Agenda
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Welcome Remarks
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Competitive Advantages
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Sales Performance
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Future Expectations
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Disclaimer
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The prospective information referred to in this briefing and the relevant information released at the same time are based on Company information and the observation of overall economic development conditions.
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Such prospective information is subject to risks and uncertainties and may be beyond our control. Actual results may differ materially from such prospective information. The reason may come from a variety of factors including, but not limited to, increases in material costs, market demand, various policy and financial economy changes, and other risk factors beyond the control of this Company.
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The information provided in this briefing does not explicitly or implicitly express or ensure the accuracy, completeness, or reliability of such information and does not represent a complete theoretical discussion of this Company, its industry conditions, or subsequent major development directions. It only represents our outlook for the future and reflects our vision for the future thus far. For any future modifications or adjustments of such views, “The Company” does not guarantee the accuracy of the briefing information and shall not bear responsibility for the updated or revised information content of the briefing.
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This briefing may not be obtained by any third party without the written consent of this Company.
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Welcome Remarks Chairman of Highwealth Construction : Chih-Lung, Cheng
The 40th year in Business for Highwealth, Persistent Investment in Local Taiwan
Total 210 construction sites with a total of 35,000 units, a total floor area of 1.63 million pings Highest total amount of money spent on land purchases among all firms, growing sales every year, growing number of employees
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Competitive Advantage Vice General Manager of Highwealth Construction : Chao-Hsiung, Liao
Concentrate on Marketing Positioning Maintain Strict Construction Quality Control On the Basis of Construction Persistently Maximize the Profit for Shareholders
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HIGHWEALTH CONSTRUCTION
History
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1980 1999 2010 2014 2015 2017
Company Highwealth began Incorporation trading on the TWSE (2542 TT)
Run Long Construction(1808 TT) joined the group and is responsible for the group’s construction business
Revenue reached The total paidHighwealth has NT$37.5 billion, the up capital of been awarded 4[th] consecutive year Highwealth the 10-billion to exceed $20 billion; is NT$11.66 land buyer for hailed as the “treble billion two king” on revenue, consecutive sales and stock price, a brilliant years record.
Revenue exceeded NT$20billion, ranked No. 1 among all firms.
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Development Strategy
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Multiple Real
Estate
Developments
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Creation of
Operational
Advantages
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Operational
Scale
Expansion
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� Have an ample land bank currently, but constant mastery of land source information is essential to determine feasibility of various land development, actively expand prime locations and reserve land resources .
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Plan various construction projects and aim to satisfy diverse market demands including large-size housing, first-time home purchases, retirement housing, commercial real estate.
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Accurate planning of real estate development and flexible marketing strategies.
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Real Estate Development
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Northern
Taiwan
Central
Taiwan
Southern
Taiwan
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Build Persistent Construction
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Dedicated to building persistent Intelligent Construction in the aspects of energy-saving, smart networking, environmentally friendly and ecology.
Give consideration to comfortable and safe residences with the concept of low environmental impact.
Energy-saving: High performance building shell system, low-emission glass, energy-saving light system, air conditioning system for energy saving
Smart networking: Remote monitoring facility of control power and water level, develop intelligent housing system Environmentally friendly: Water-energy saving labeled facility, refrigerator appliance for waste and garbage disposal Ecology: Reserve original tree species, emphasize planting, 3-dimensional greening.
Cases awarded the certificate of the Green Building Labeling by Ministry of Interior
Cases are the candidates of the Green Building certificate
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Introduce the techniques of shock insulation and earthquake-proofing: Having the leading technique in the construction industry, the Taiwan number one practitioner of earthquake-proof housing.
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Building Information Modeling (BIM): The 3-dimensional simulation provides information about mechanical electricity and structure for effective collaborative operation by the architects. This is the most consistent information ranging from designs and techniques to management.
Introduce the Triple bottom up method: Adapt innovative techniques, the top down method, bottom up method and up up method to advance construction efficiency.
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Market Share Ratio of Launched Case Volume
in Taiwan 2014~2017
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| Year Item |
2014 | 2015 | 2016 |
Until the 3rd quarter of 2017 |
|---|---|---|---|---|
| Launched case volume in Taiwan |
297.84 | 200.75 | 140.48 | 282.56 |
| Market share (%) |
2.2% | 2.29% | 2.33% | 5.78% |
| Ratio of prime launched cases for each district |
Taoyuan and Hsinchu area 3.9% Kaohsiung area 4.2% |
Taipei area 3.35% Taichung area 4.73% Tainan area 7.55% Keelung area 7.98% |
Taichung area 6.26% | Taoyuan and Hsinchu area 15.80% Taichung area 16.34% Kaohsiung area 7.69% |
*The ratio of the market share (%): The launched case volume of Highwealth Construction/the total launched case volume in Taiwan (Keelung area, Taipei area, New Taipei City area, Taoyuan and Hsinchu area, Tainan area, Kaohsiung area)
*The statistic data of launched case volume is in reference to the Cathay Real Estate Index and My Housing data in the Keelung area until the 3rd quarter of 2017.
The market share of launched cases layout in Taiwan has grown from 3.35% to 16.34%, and is honorably listed as a MSCI constituent.
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The Group’s Amount of Land Purchase
During 2013~2017
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Unit: NT$100 million
Year
2013 2014 2015 2016 2017 Total
Item
HIGHWEALTH 121.78 55 57.72 95.73 103.53 433.76
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Run Long 30.87 13.07 37.23 36.97 118.14
Total amount of
152.65 55 70.79 132.96 140.5 551.9
money
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Don’t worry about the signs for future recession, make continuous purchases of land for construction, and prepare for future profit.
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The Number of Employees of the Group Has
Been Increasing Every Year
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The construction industry plays the role of a train locomotive in economic development. As a leader of the construction industry, Highwealth continuously invests in construction in Taiwan and provides local job opportunities. The number of employees of the Group has been increasing every year. The number at present is 6 times greater after being listed on the TWSE.
The Number of Employees of Highwealth Construction Year 2000 2010 2014 2017 Number of 165 412 863 1,009 people - Growth ratio 250% 209% 117%
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Charity Participation, Fulfill Corporate Social
Responsibility
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Increasing the annual investment amount and participating in various charity organizations and promoting activities are things we do to constantly do something good and right in the hope of making a contribution to society and setting an example. While investing in construction in Taiwan, we can make more contributions to Taiwan’s competitiveness.
Provide Emergency Relief Provide care in winter
Drug development in diseases Develop basic ball games Revive the Establish development Highwealth of physical Baseball Team education (PE) Cultivate sports talents
Public
participation and charity
Donate to the gas explosion in Kaohsiung Host dining for charity
Light Up Taiwan Restore the municipal historic Create site Xin Fang community Chun Tea House culture Promote culture activities held by cultural associations
- Since 2011, we have donated over 80 million to the 4-year restoration of the Taipei City municipal designated historic site, Xin Fang Chun Tea House
Make donations in support of rare diseases research
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In 2014, we donated to the gas explosion in Kaohsiung
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• During 2016~2018, we have invested 9 million to establish the “Taipei Highwealth Baseball Team” to support the development of adult baseball game in Taiwan.
Make donations to Tri-Service General Hospital
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We hosted the Winter Care Charity Fair to support low-income families in 23 schools in Taipei City.
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We hosted the Light Up Taiwan activity to support the 101 fireworks event.
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Cultivate sports talents: Provide financial support to teenage tennis players, elementary school teams and the new tennis star, Wu Donglin, who has won ATP ranking.
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Sales Performance Vice General Manager of Highwealth Construction : Chao-Hsiung, Liao
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HIGHWEALTH CONSTRUCTION
Introduction
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Company HIGHWEALTH CONSTRUCTION Corp. Incorporation In 1980 Started trading on the TWSE in 1999 (2542 TT) Capital NT$11,666,266,430 Chairman Mr. Chih-Lung, Cheng General Manager Mr. Hua-Chun, Fan Spokesperson Mr. Chao-Hsiung, Liao (VP of Development Dept.) Company Address 10F., No.267, Lequn 2nd Rd., Zhongshan Dist., Taipei City 104, Taiwan (R.O.C.) Company Phone No. +886-2-2755-5899
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Sales Performance of
Construction Cases
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| Area | Name of Case |
Location | Area of Site (ping) |
Total Building Area Sold (ping) |
Total Sales Amount (by NT$ 100 million) |
Sales Ratio |
|---|---|---|---|---|---|---|
| Greater Taipei Area |
Hongshulin (Art Deco in Taipei) |
Tamsui Dist., New Taipei City |
1573.41 | 8,984.12 | 33.59 |
61.87% |
| Taichung | Orion Legend | Xitun Dist., Taichung City |
804.87 | 9,661.10 | 36.58 |
86.60% |
| Subtotal | 70.17 |
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Sales Performance of
Construction Cases
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Sales Performance of Existin Housin in 2017 g g
| Area | Name of Case | Location | Total Sales Amount (NT$ 100 million) |
||
|---|---|---|---|---|---|
| Greater Taipei Area | National No.1 | Linkou Dist., New Taipei City |
0.61 | ||
| Song Jiang No.1 | Zhongshan Dist., Taipei City |
2.09 | |||
| Taipei No.1 | Zhongshan Dist., Taipei City |
1.26 | |||
| Taipei Times Square | Zhongshan Dist., Taipei City |
2.08 | |||
| Yuanshan No.1 | Shilin Dist., Taipei City |
14.32 | |||
| Xin Fang Chun | Datong Dist., Taipei City |
3.02 | |||
| Taipei Surprise | Wanhua Dist., Taipei City |
15.15 |
|||
| Zhongshan Kai Yen (Po Yuan) |
Zhongshan Dist., TaipeiCity |
6.05 |
|||
| Hsinchu | The Giant | Zhubei City, Hsinchu County |
5.13 |
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Sales Performance of
Construction Cases
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Sales Performance of Existin Housin in 2017 g g
| Area | Name of Case | Location | Total Sales Amount (NT$ 100 million) |
||
|---|---|---|---|---|---|
| Taichung | Goddess Aroma | West Dist., Taichung City | 1.35 | ||
| Taichung National No. 1 | Xitun Dist., Taichung City | 3.47 | |||
| APEC Clouds | North Dist., Taichung City | 0.32 | |||
| Orion Castle | Xitun Dist., Taichung City | 3.31 | |||
| Times Square CBD (Po Yuan) |
Xitun Dist., Taichung City | 5.35 | |||
| Tainan | Chengda City (Chi Yu) |
North Dist., Tainan City | 0.79 | ||
| Kaohsiung | King's Castle | Gushan Dist., Kaohsiung City | 1.12 | ||
| Art Castle | Gushan Dist., Kaohsiung City | 1.09 | |||
| Emperor No. 1 | Lingya Dist., Kaohsiung City | 5.32 | |||
| Oriental Place | Gushan Dist., Kaohsiung City | 3.25 | |||
| Subtotal | 75.08 |
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Sales Performance of
Construction Cases
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Sales Performance of Sales Online in 2017
| Area | Name of Case | Location | Total Building Area Sold (ping) |
Total Sales Amount (NT$ 100 million) |
Sales Ratio |
||
|---|---|---|---|---|---|---|---|
| Greater Taipei Area |
*Twin Lakes Estates | Neihu Dist., Taipei City | 15,251.43 | 169.27 |
47.13% | ||
| *Heart of the Ocean | Tamsui Dist., New Taipei City | 15,430.88 | 39.72 |
91.08% | |||
| *Metro Twin Tower | Nangang Dist., Taipei City | 2,765.36 | 25.16 |
58.19% | |||
| Hongshulin (Art Deco in Taipei) | Tamsui Dist., New Taipei City | 8984.12 | 33.59 | 61.87% | |||
| *More Worth | Xizhi Dist., New Taipei City | 5,839.00 | 25.79 |
3.89% |
|||
| *Erudition Manor (Po Yuan) |
Anle Dist., Keelung City | 6,018.03 | 14.35 |
61.36% | |||
| Hsinchu | *The Top Green Life | Zhubei City, Hsinchu County | 5,788.11 | 17.65 |
84.76% | ||
| Park River Life | Zhubei City, Hsinchu County | 7,856.63 | 23.72 |
32.14% | |||
| Welcome to My World | Hsinchu City | 32,429.30 (with Highwealth 14,636.1) |
45.86 |
32.66% | |||
| Taichung | Orion Legend | Xitun Dist., Taichung City | 9661.10 | 36.58 | 86.60% | ||
| Taichung | *Wenhua hui | Xitun Dist., Taichung City | 6,271.11 | 32.11 |
58.48% | ||
| The Knowledge | Xitun Dist., Taichung City | 7,852.08 | 36.76 |
36.71% | |||
| *Zhenai (Beloved and Precious) | Xitun Dist., Taichung City | 11,642.01 | 41.83 |
86.06% | |||
| Kaohsiung | The New Wave | Zuoying Dist., Kaohsiung City | 8,475.91 | 29.76 |
80.30% | ||
| *Avenue des Champs | Qianjin Dist., Kaohsiung City | 6,717.43 | 19.17 |
98.34% | |||
| *The House In The Midtown | Lingya Dist., Kaohsiung City | 6,888.32 | 18.38 |
99.48% 19 |
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Planned Cases for 2018
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| Area | Name of Case (temporary) |
Location | Total Building Area (ping) |
Total Sales Amount (NT$ 100 million) |
||
|---|---|---|---|---|---|---|
| Greater Taipei Area | Jiangcui Section | Banqiao Dist., New Taipei City | 4237.00 (with Highwealth 1950) |
9.69 |
||
| Yong Cui I | Banqiao Dist., New Taipei City | 6,704.00 | 32.74 |
|||
| Beixindu | Banqiao Dist., New Taipei City | 7682.00 (with Highwealth 2438) |
11.42 |
|||
| Yong Cui II | Banqiao Dist., New Taipei City | 6,550.00 | 32.18 |
|||
| Longfeng Section | Xinzhuang Dist., New Taipei City | 12675.00 (with Highwealth 5288.85) |
20.89 |
|||
| Taoyuan | Qingbu Project | Zhongli Dist., Taoyuan City | 6596.00 (with Highwealth 2968) |
9.63 |
||
| Taichung | Shuhe Garden | Nantun Dist., Taichung City | 8,746.00 | 34.15 |
||
| Tainan | Jinhua Section | Anping Dist., Tainan City | 9,054.00 | 28.88 |
||
| Shangding City | Rende Dist., Tainan City | 33,147.00 | 72.01 |
|||
| Yuguang III | Anping Dist., Tainan City | 26645.00 | 62.76 | |||
| Kaohsiung | Liuhe Project | Lingya Dist., Kaohsiung City | 8,830.00 | 25.27 |
||
| Dagang Section | Sanmin Dist., Kaohsiung City | 8338.00 | 29.71 | |||
| Meishu Garden | Sanmin Dist., Kaohsiung City | 18,354.00 | 44.50 |
|||
| Zhongdou III | Sanmin Dist., Kaohsiung City | 6317.00 | 20.21 | |||
| The Joyful Life | Zuoying Dist., Kaohsiung City | 21378.00 (with Highwealth 8551) |
19.54 |
|||
| Boxiao Bijiang | Qianjin Dist., Kaohsiung City | 15,209.00 | 54.32 |
|||
| Subtotal | 169,089.85 | 507.90 |
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Unit Price of New Housing
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| Year Item |
2018 | 2019 | 2020 | 2021 | 2022 | Total | ||
|---|---|---|---|---|---|---|---|---|
| Unit Price of New Housing (NT$ 10million) |
476.09 | 81.37 | 195.92 | 846.3 | 55.63 | 1655.31 |
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Plan for Future 5 Years
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| Area | Name of Case | Total Sales Amount (100 million) |
2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Greater Taipei Area |
Twin Lakes Estates |
169.27 | ▲ |
▲ | ▲ | ||
| Heart of the Ocean | 39.72 | ▲ |
|||||
| Metro Twin Tower | 25.16 | ▲ |
|||||
| Nangang Renovation | 42.00 | ▲ | |||||
| Beitou Daye Section | 13.63 | ▲ | |||||
| More Worth | 25.79 | ▲ |
▲ | ||||
| Danhai V | 94.14 | ▲ | |||||
| Longfeng Section | 20.89 | ▲ | ▲ | ||||
| Jiangcui Section | 9.69 | ▲ | |||||
| Nangant V | 78.70 | ▲ | |||||
| Yong Cui I | 32.74 | ▲ | |||||
| Bexindu Section | 11.42 | ▲ | |||||
| Yong Cui II | 32.18 | ▲ | |||||
| Erudition Manor (Po Yuan) | 14.35 | ▲ |
|||||
| Taoyuan | Qingbu Project | 9.63 | ▲ |
||||
| Hsinchu | The Top Green Life | 17.65 | ▲ |
||||
| Park River Life | 23.72 | ▲ | |||||
| Welcome to My World | 45.86 | ▲ |
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| Area | Name of Case | Total Sales Amount (100 million) |
2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Taichung | Wenhuahui | 32.11 | ▲ |
▲ | |||
| The Knowledge | 36.76 | ▲ | ▲ | ||||
| Shuhe Garden | 34.15 | ▲ |
▲ | ||||
| Zhenai (Beloved and Precious) |
41.83 | ▲ |
▲ | ||||
| Heuili Section | 47.27 | ▲ | |||||
| Tainan | Jinhua Section | 28.88 | ▲ |
▲ | |||
| Shangdong City | 72.01 | ▲ | |||||
| Yuguang III | 62.76 | ▲ | |||||
| Kaohsiung | The New Wave | 29.76 | ▲ | ||||
| Loiuhe Project | 25.27 | ▲ | |||||
| Avenue des Champs | 19.17 | ▲ |
|||||
| The House In The Midtown | 18.38 | ▲ |
|||||
| Dagang Section | 29.71 | ▲ | |||||
| Zhongdou Section | 31.01 | ▲ | |||||
| Meishu Dayue | 44.50 | ▲ | |||||
| The Joyful Life | 19.54 | ▲ | |||||
| Zhongdou Section | 20.21 | ▲ | |||||
| Fushan Section | 49.84 | ▲ | |||||
| Boxiao Yiji | 90.63 | ▲ | |||||
| Boxiao Bijiang | 54.32 | ▲ | |||||
| Oriental Laurel(Chi Yu) | 160.66 | ▲ | ~~23~~ | ||||
| Subtotal | 1655.31 | ||||||
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Consolidated Financial Status
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| Year Item |
2014 | 2015 | 2016 | 2017 (Financial data until September 30th, 2017) |
|---|---|---|---|---|
| Operating income | 37,515,171 | 34,638,039 | 35,057,830 | 13,855,192 |
| Operating costs | 23,312,300 | 21,833,114 | 23,768,287 | 10,114,442 |
| Operating margin | 14,202,871 | 12,804,925 | 11,289,543 | 3,740,750 |
| Operation gross margin (%) |
38 | 37 | 32 | 27 |
| Business expenses | 2,927,776 | 2,989,867 | 3,556,513 | 1,630,833 |
| Operating income | 11,275,095 | 9,815,058 | 7,733,030 | 2,109,917 |
| Pre-tax income | 11,172,002 | 9,873,872 | 7,856,704 | 2,197,307 |
| Net income | 10,746,861 | 8,954,895 | 7,268,083 | 2,016,641 |
| Current net operating profit (%) |
29 | 26 | 21 | 14 |
| Composite income | 10,757,880 | 8,931,878 | 7,266,952 | 2,019,120 |
| Earnings per share | 8.80 | 7.06 | 5.57 | 1.62 |
| Total indebtedness | 73,912,357 | 74,873,735 | 72,425,781 | 88,743,935 |
| Stockholder’s equity | 34,280,534 | 39,322,208 | 38,730,346 | 33,890,754 |
| Paid-up capital | 8,974,051 | 11,666,266 | 11,666,266 | 11,666,266 |
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Dividend Policy
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| Dividend Year |
Cash Dividend | Cash Dividend | Stock Dividends |
Stock Price Before Ex- dividend Date |
Dividend Yield (%) |
Dividend Payout Ratio (%) |
||
|---|---|---|---|---|---|---|---|---|
| Apportionment of profit (NT$/dividend) |
Additional paid-in capital (NT$/dividend) |
Stock dividend from retained earnings (NT$/dividend) |
||||||
| 2016 | 4.87300000 | 0.12700000 | 0.00000000 | 48.05 | 10.41 | 89.77 | ||
| 2015 | 6.00000000 | 0.00000000 | 0.00000000 | 53.30 | 11.26 | 84.99 | ||
| 2014 | 4.00000000 | 0.00000000 | 3.00000000 | 60.90 | 6.57 | 45.45 |
Until the end of 2017, the paid cash dividend has reached over NT$ 33.3 billion.
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Sales Performance Vice General Manager of Run Long Construction : Ping-Tse, Chiu
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Run Long-Taichung
Run Long Construction Co., Ltd 2018
Presentation for Investor’s Conference
Jan 24, 2018
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Run Long Construction
Introduction
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Company Name Incorporation
Capital Chairman General Manager Spokesperson Company Address Company Phone No. Factory Address Factory Telephone
Run Long Construction Co., Ltd. In 1977 Began trading on the TWSE in 1994 (1808 TT) NT$ 2,434,044,460 Mr. Tsung-Pin, Tsai Mr. Tsung-Pin, Tsai Mr. Ping-Tse, Chiu (Vice General Manager) 8F., No.267, Lequn 2nd Rd., Zhongshan Dist., Taipei City 104, Taiwan (R.O.C.) +886-2-8501-5696
No.220, Dechang St., Yingge Dist., New Taipei City 239, Taiwan (R.O.C.) +886-2-2678-0666
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Sales Performance of
Construction Cases
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Cases Completed in 2017
| Name of Case |
Location | Product | Total Building Area Sold (ping) |
Total Sales Amount (NT$ 100 million) |
Sales Ratio |
||
|---|---|---|---|---|---|---|---|
| Xinyi City | Xinyi Dist., Keelung City |
Residential housing |
10,204.64 | 20.54 | 100% | ||
| True Love Is ONLY LOVE |
Yongkang Dist., Tainan City |
Residential housing |
23,252.99 | 45.61 | 98% | ||
| Total | 33,457.63 | 66.15 |
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Sales Performance of
Construction Cases
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Sales Performance on Existing Housing in 2017
| Name of Case | Location | Product | Total Sales Amount (NT$ 100 million) |
||
|---|---|---|---|---|---|
| Leader Empire | Xindian Dist., New Taipei City | Residential housing | - | ||
| Jingxin Wenhui | Wenshan Dist., Taipei City | Residential housing | 3.41 | ||
| Forest Palace | Neihu Dist., Taipei City | Residential housing | 7.33 | ||
| Eton Manon | Wenshan Dist., Taipei City | Residential housing | - | ||
| Dream House | Zhubei City, Hsinchu County | Residential housing | 18.71 | ||
| The Palace | Xitun Dist., Taichung City | Residential housing | - | ||
| Total | 29.45 |
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Sales Performance of
Construction Cases
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Sales Performance of Sales Online in 2017
| Name of Case | Location | Product | Total Building Area Sold (ping) |
Total Sales Amount (NT$ 100 million) |
Sales Ratio |
|---|---|---|---|---|---|
| More Worth | Xizhi Dist., New Taipei City |
Residential housing |
1,333.58 | 5.78 | 5% |
| National Trade Center |
Xitun Dist., Taichung City |
Commercial building |
13,595.67 | 61.61 | 70% |
| Run Long | Nantun Dist., Taichung City |
Residential housing |
9,661.22 | 32.58 | 32% |
| The Joyful Life | Zuoying Dist., Kaohsiung City |
Residential housing |
13,224.83 | 29.29 | 9% |
| Total | 37,815.30 | 129.26 |
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| Name of Case (temporary) |
Location | Product | Area of Site (ping) |
Total Building Area Sold (ping) |
Total Sales Amount (NT$ 100 million) |
|---|---|---|---|---|---|
| BanqiaoYong Cui |
Banqiao Dist., New Taipei City |
Residential housing |
629.60 | 3,672.00 | 17.93 |
| Zhonghe Yuantong |
Zhonghe Dist., New Taipei City |
Residential housing |
1,164.46 | 3,396.00 | 16.75 |
| Shangorilla | Zhongshan Dist., Keelung City |
Residential housing |
23,006.50 | 71,444.41 | 178.11 |
| Taoyuan Zhonglu |
Taoyuan Dist., Taoyuan City |
Residential housing |
1,266.01 | 6,482.00 | 20.58 |
| Hsinchu Guangwu |
East Dist., Hsinchu City |
Residential and commercial building |
2,707.44 | 32,382.00 | 59.38 |
| Taichung Zhongzheng |
Xitun Dist., Taichung City |
Residential and commercial building |
1,478.92 | 15,000.00 | 62.28 |
| Kaohsiung Fudong |
Lingya Dist., Kaohsiung City |
Residential and commercial building |
1,455.33 | 10,079.00 | 28.27 |
| Total | 31,708.26 | 142,455.41 | 383.3 |
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Unit Price of New Housing
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Year 2017 2018 2019 2020 2021 Total Item Unit Price of New Housing 66.15 99.97 78.14 215.19 119.26 578.71 (NT$ 100 million)
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Future 5 Years Plan
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| Name of Case | Total Sales Amount (NT$ 100 million) |
2018 | 2019 | 2020 | 2021 | 2022 | ||
|---|---|---|---|---|---|---|---|---|
| More Worth | 5.78 | ▲ | ▲ | |||||
| BanqiaoYong Cui | 17.93 | ▲ | ▲ | |||||
| Zhonghe Yuantong | 16.75 | ▲ | ▲ | |||||
| Xinyi City | 20.54 | ▲ | ||||||
| Shangorilla | 178.11 | ▲ | ▲ | ▲ | ||||
| Taoyuan Zhonglu | 20.58 | ▲ | ▲ | |||||
| Hsinchu Guangwu | 59.38 | ▲ | ▲ | |||||
| National Trade Center |
61.61 | ▲ | ▲ | |||||
| Run Long | 32.58 | ▲ | ▲ | |||||
| Taichung Zhongzheng |
62.28 | ▲ | ▲ | |||||
| True Love Is ONLY LOVE |
45.61 | ▲ | ||||||
| Kaohsiung Fudong | 28.27 | ▲ | ▲ | |||||
| The Joyful Life | 29.29 | ▲ | ▲ | |||||
| Total | 578.71 |
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Financial Status
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| Year Item |
2014 | 2015 | 2016 | 2017 (Financial Data until September 30th, 2017) |
|---|---|---|---|---|
| Operating income | 4,596,676 | 4,951,316 | 5,729,654 | 2,114,263 |
| Operating margin | 3,525,834 | 3,503,090 | 4,147,121 | 1,707,759 |
| Operation gross profit | 1,070,842 | 1,448,226 | 1,582,533 | 406,504 |
| Operating gross margin (%) |
23.30 | 29.25 | 27.62 | 19.23 |
| Business expenses | 356,583 | 473,161 | 487,244 | 261,518 |
| Operating income | 714,259 | 975,065 | 1,095,289 | 144,986 |
| Pre-tax income | 676,809 | 955,667 | 1,164,927 | 199,357 |
| Net income | 668,548 | 910,219 | 1,035,778 | 183,810 |
| Current net operating profit (%) |
14.54 | 18.38 | 18.08 | 8.69 |
| Composite income | 668,548 | 910,893 | 1,125,403 | 132,425 |
| Earnings per share | 3.73 | 4.30 | 4.41 | 0.76 |
| Total indebtedness | 11,053,038 | 11,485,947 | 13,462,660 | 19,312,614 |
| Stockholder’s equity | 3,978,298 | 5,160,794 | 5,218,013 | 4,245,372 |
| Paid-up capital | 1,850,089 | 2,330,323 | 2,376,663 | 2,434,044 |
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Dividend Policy
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| Dividend Year |
Cash Dividend | Cash Dividend | Stock Price Before Ex- dividend Date |
Dividend Yield (%) |
Dividend Payout Rateio (%) |
||
|---|---|---|---|---|---|---|---|
| Apportionment of profit (NT$/dividend) |
Additional paid-in Capital (NT$/dividend) |
||||||
| 2016 | 3.84210937 | 1.23276237 | 47.35 | 10.72 | 115.08 | ||
| 2015 | 3.60851052 | 1.40095114 | 38.30 | 13.08 | 116.50 | ||
| 2014 | 3.50887481 | 0.50226438 | 27.30 | 14.69 | 107.54 |
Until 2017, the paid cash dividend has reached over NT$ 4.8 billion.
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Future Expectations Chairman of Highwealth Construction : Chih-Lung, Cheng
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Q & A THANK YOU!
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