Far Eastern New Century Corporation operates in the Organic fibers, noncellulosic sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Far Eastern New Century with three other
chemical manufacturers in Asia:
Sinoma Science & Technology Co.,Ltd
sales of 18.71 billion Chinese Renmimbi [US$2.92 billion]
of which 91%
was Special fiber composite materials),
Jiangsu Eastern Shenghong Co Ltd
(22.78 billion Chinese Renmimbi [US$3.56 billion]
of which 65%
was Chemical fibre Division), and
Huafon Chemical Co Ltd
based in CHINA
(14.72 billion Chinese Renmimbi [US$2.30 billion]
of which 39%
was Chemical Fiber).
During the first
quarter of 2021, sales at Far Eastern New Century totalled
56.25 billion Taiwanese Dollars .
an increase of 7.7%
from the 52.24 billion Taiwanese Dollars in sales at the company during the first quarter of 2020.
Far Eastern New Century reported sales of 206.77 billion Taiwanese Dollars (US$7.47 billion)
December of 2020.
decrease of 17.3%
versus 2019, when the company's sales were 250.15 billion Taiwanese Dollars .
The sales level in 2020 was fairly close to the level five years ago: in 2015, Far Eastern New Century had sales
of 217.95 billion Taiwanese Dollars .
Contributing to the drop in overall sales was the 50.8% decline
in Petroleum, from 28.66 billion Taiwanese Dollars to 14.11 billion Taiwanese Dollars .
There were also decreases in sales in
Telecom Services (down 5.3% to 79.24 billion Taiwanese Dollars )
Fiber (down 16.4% to 70.85 billion Taiwanese Dollars )
Textile (down 25.4% to 29.08 billion Taiwanese Dollars )
Investment& Other (down 14.4% to 10.28 billion Taiwanese Dollars )
Corporate Expenses (down 37.1% to 16.67 billion Taiwanese Dollars )
However, these declines were partially offset by the increase in sales of
Real Estate Development (up 4.9% to 8.77 billion Taiwanese Dollars )