HUP SENG INDUSTRIES BERHAD

Statement of Comprehensive Income of the Group

2011 2010 2009 Inc/Dec

Revenue 112.6% 102.7% 100% 12.6%
Cost of Sales 116.8% 103.3% 100% 16.8%
Gross Profit 104.7% 101.5% 100% 4.7%
Interest Income 269.5% 176.7% 100% 169.5%
Other Income 84.6% 73.1% 100% -15.4%
Administrative expenses 152.2% 121.2% 100% 52.2%
Selling and marketing expenses 116.2% 103.5% 100% 16.2%
Financial cost 35.4% 13.7% 100% -64.6%
Profit before tax 77.1% 65.2% 100% -22.9%
Income tax expenses 100.8% 105.4% 100% 0.8%
Profit net of tax 69.3% 86.8% 100% -30.7%
HUP SENG INDUSTRIES BERHAD
Unit 2011 2010 2009
PROFITABILITY
Net Profit Margin %
7.8% 10.65% 12.60%
Total Assets Turnover
Times per
year
1.18 1.13 1.14
Return on Assets %
9.1% 12.02% 14.32%
Operating Income Margin %
11.5% 14.95% 16.78%
Operating Assets Turnover
Times per
year
3.51 3.19 2.96
Return on Operating Assets %
40.3% 47.75% 49.73%
DuPont Return on Operating Assests %
40.4% 47.69% 49.67%
Sales to Fixed Assets
Times per
year
3.51 3.19 2.96
Return on Investment %
12.0% 15.05% 17.80%
Return on Total Equity %
12.7% 15.93% 18.88%
Return on Common Equity %
31.1% 38.90% 44.80%
Gross Profit Margin %
32.5% 34.61% 35.53%
Unit 2011 2010 2009
INVESTOR ANALYSIS
Degree of Financial Leverage N/A
1 1 1
Diluted earning per share N/A
15.52 19.45 22.4
Earning per share RM
15.52 19.45 22.4
Percentage of Earning Retained %
36.0% 18.00% 61.00%
Dividend Payout %
96.6% 62% 96%
Book Value per shares RM
1.23 1.22 2.37
Operating Cash Flow per share RM
0.27 0.25 0.54
HUP SENG INDUSTRIES BERHAD
VS
HWA TAI INDUSTRIES BERHAD
Unit Hup Seng Hwa Tai
PROFITABILITY
Net Profit Margin %
7.8% -2.45%
Total Assets Turnover Times per year
1.18 1.26
Return on Assets %
9.1% -3.09%
Operating Income Margin %
11.5% 2.52%
Operating Assets Turnover Times per year
3.51 4.11
Return on Operating Assets %
40.3% 10.36%
DuPont Return on Operating Assests %
40.4% 10.36%
Sales to Fixed Assets Times per year
351.0% 4.11
Return on Investment %
12.0% -10.16%
Return on Total Equity %
12.7% -11.60%
Return on Common Equity %
31.1% -4.50%
Gross Profit Margin %
32.5% 26.72%
Unit Hup Seng Hwa Tai
INVESTOR ANALYSIS
Degree of Financial Leverage N/A
1 1
Diluted earning per share N/A
15.52 -4.5
Earning per share RM
15.52 -4.5
Percentage of Earning Retained %
36.0% 100.00%
Dividend Payout %
96.6% -
Book Value per shares RM
1.23 0.39
Operating Cash Flow per share RM
2.74 0.00
In general, by comparing from past 2 years, it
shows that for Hup Seng, its liquidity ratio
fluctuates from year 2009 to 2011. The
company have a large amount of the assets
over its liabilities, the result show the paying
ability of long term debt for Hup Sengs is
considered less risky. In profitability area, there
were a number of declines in 2011. Some of
these declines were material especially in net
profit margin, and operating income margin.
CONCLUSION
The return on assets, return on investment and
return on total equity also decline. It it reflects that
this companys performance may facing a problem
in their profitability. Investor analysis is not
favorable towards Hup Seng especially book value
per share and earning per share. Therefore, Hup
Seng must improve their performance to encourage
investors to invest in their company, so that every
cash given by investor can give a higher investment
returns.