Overview of Taiwan's Leading Listed Companies (Regional Competition from the Capital Market View)

Taiwan's main economic indicators

Taiwan's main economic indicators

Population: 23,604,265 (January 2020)

GDP Nominal GDP_strong16.04 billion US dollars 2019 est.)

1.340 trillion USD (purchasing power parity, 2019)

GDP ranking : (nominal, 2019)

-(purchasing power parity, 2019)

GDP growth : 2.7% (2018) 2.7% (2019)

−4.0% (2020e) 3.5% (2021e)

GDP per capita : $24,828 (nominal, 2019 est.)

$55,078 (PPP, 2019 est.)

per capita GDP ranking: (nominal, 2019)

-(PPP, 2018)

GDP by sector : agriculture: 1.8%, industry: 36%, Services: 62.1% (estimated in 2017)

Inflation rate (CPI): 0.5% (2020 est.)

population below the poverty line : 1.5% (2012 est.)

Gini coefficient: 33.6 medium (2014)

human development index: 0.911 very high (2018) (21st)

Labor force: 11.78 million (2017 estimate)

Labor force by occupation: Agriculture: 4.9%, industry: 35.9%, service: 59.2% (2016 estimate)

Unemployed Rate: 3.8% (2017 est.)

Main industries: electronics, communications and information technology products, oil refining, chemicals, textiles, steel, machinery, cement, food processing, vehicles, consumer goods, pharmaceuticals; agriculture: Rice, corn, vegetables, fruits, tea; pig, poultry, beef, milk; fish, natural gas, limestone, marble and asbestos

Ease of Doing Business Ranking: 15th (very easy, 2020)

2. Summary of Taiwan Weighted Index

Index name Taiwan Weighted Index

English name Taiwan Weighted Index

Index code TWII.TW

Index type stock category

Issuing agency Taiwan Stock Exchange

Number of components 919

Taiwan weighted index trend

Taiwan weighted index trend

As of July 31, 2020,The leading listed companies in Taiwan are ranked by market value as follows:

No. 1: TSMC (semiconductor and semiconductor production equipment) market value of RMB 2,622,634 million

No. 2: MediaTek (semiconductor and semiconductor production equipment) market value of RMB 264.734 billion RMB

3rd place: Hon Hai (technical hardware and equipment) market value 258.346 billion RMB

4th place: Chunghwa Power (Telecom Services II) market value 199.31 billion RMB

5th: Formosa Plastics Petrochemical (Energy II) market value of RMB 184.542 billion

No. 6: Cathay Pacific (Insurance II) market value of RMB 123.961 billion

No. 7: Delta (technical hardware and equipment) market value of RMB 123.487 billion_ p1p

8th place: Largan (technical hardware and equipment) market value of RMB 1,219.61 billion

9th place: Formosa Plastics (Material II) market value of RMB 118.781 billion

No. 10: Nanya Plastics (Material II) market value 115.183 billion yuan

11th place: Mega Gold (Bank) market value of 104.577 billion yuan

12th place: Fubon Gold (multi-financial) market value of 101.558 billion yuan

13th place: Uni-President (Food, Beverage) And tobacco) market value of 96.569 billion yuan

No. 14: Taiwan Chemical (Material II) market value of 93.902 billion yuan

No. 15: CITIC Finance (Bank) market value of 89.908 billion yuan

No. 16: Taiwan University ( Telecom Service II) Market value of RMB 87.652 billion

No. 17: Hetai Automobile (retail) market value of RMB 86.984 billion

No. 18: Yushan Financial Holdings (Bank) market value of RMB 80.814 billion

No. 19: Quanta (technical hardware and equipment) market value 75.104 billion yuan

No. 20: Sinosteel (Material II) market value 74.055 billion yuan

No. 21: First Financial Holdings (bank) market value 69.908 billion yuan

22nd place: Uni-President (Food and Major Supplies Retail II) with a market value of 69.193 billion RMB

23rd place: Hekujin (bank) market value of 65.853 billion yuan

24th place: UMC (semiconductor and semiconductor production equipment) market value of 60.6 billion yuan

25th place: Huananjin (bank) market value of 58.159 billion yuan_ p1p

26th place: Advantech (technical hardware and equipment) market value 56.623 billion yuan

27th place: TCC (Materials II) market value 54.638 billion yuan

28th place: Yuandajin (Multi-Financial) ) Market value of RMB 49.934 billion

No. 29: FarEasy (Telecom Services II) Market value of RMB 48.874 billion

No. 30: Bank of Changhua (Bank) Market value of RMB 45.097 billion

No. 31: Nanya (Semiconductor) And semiconductor production equipment) market value of 44.548 billion yuan

No. 32: Catcher Technology (technical hardware and equipment) market value of 39.104 billion yuan

No. 33: Pegatron (technical hardware and equipment) market value of 38.290 billion yuan

34th place: ASUS (technical hardware and equipment) with a market value of 38.224 billion yuan

35th: Taishin Financial Holdings (bank) with a market value of 33.839 billion yuan

36th: Far East New (capital goods) market value 32.573 billion RMB

No. 37: Asia mud (Material II) market value of 31.21 billion RMB

No. 38: Development Fund (Bank) market value of 30.749 billion RMB

No. 39: Yongfeng Financial Holdings (Bank) Market value of 28.533 billion RMB

No. 40: Lite-On Technology (technical hardware and equipment) market value of RMB 27.717 billion

No. 41: Zhengxin (Automotive and auto parts) market value of RMB 26.158 billion

No. 42 : Ruhong (consumer durable goods and clothing) market value 22.565 billion yuan

No. 43: AUO (technical hardware and equipment) market value 22.385 billion yuan

No. 44: Compal Computer (technical hardware and equipment) market value 195.37 Billion yuan

45th place: Innolux (technical hardware and equipment) market value 19.159 billion yuan

46th place: Baocheng Industrial (durable consumer goods and clothing) market value 185 .97 billion yuan

No. 47: Hongzhun (technical hardware and equipment) has a market value of 18.223 billion yuan

3. Overview of leading listed companies in Taiwan

As of July 31, 2020,The leading listed companies in Taiwan are ranked by market value as follows:

China.Taiwan core leading listed company profile 1

China.Taiwan core leading listed company profile _p12h

1 _p12h

1 No. 1: TSMC (semiconductor and semiconductor production equipment) has a market value of RMB 2,622,634 million

Taiwan Semiconductor Manufacturing Co., Ltd. is mainly engaged in research, development, manufacturing and distribution of integrated circuit (IC) related products. The company's foundry department is engaged in manufacturing, sales, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices, as well as mask making services. Its other departments are also engaged in research, development, design and supply of system-on-chip (SoC), as well as research, development, design, manufacturing and sales of solid-state lighting equipment and solar-related technologies and products. Its products and services are used in computers, communications and consumer electronics, etc.

As of July 31, 2020, TSMC's total market capitalization was RMB 2,622,634 million, and its P/E ratio was 23.80. Span9span's net profit in 2019 was RMB 82.399 billion, and revenue in 2019 was RMB 249.93 billion. Span9span's gross profit margin in 2019 was 46.05%. The annual return on equity is 21.62%.

Second place: MediaTek (semiconductor and semiconductor production equipment) has a market value of RMB 264.734 billion

MediaTek. Inc. is a world-renowned IC design manufacturer, focusing on wireless communications and digital multimedia technology. The chip integrated system solutions it provides include wireless communications, high-definition digital TV, optical storage, DVD and Blu-ray and other related products. MediaTek was established in 1997 and has been publicly listed on the Taiwan Stock Exchange. Headquartered in Taiwan, China, and has sales or R&D teams in China, India, the United States, Japan, South Korea, Singapore, , Denmark , the United Kingdom, Sweden and the United Arab Emirates and other countries and regions.

As of July 31, 2020, MediaTek’s total market capitalization was RMB 264.734 billion, P/E ratio was 48.36 times, net profit in 2019 was RMB 5.362 billion, revenue in 2019 was RMB 57.320 billion, gross profit margin in 2019 was 41.85%, and return on net assets of in 2019 7.87%.

Third place: Hon Hai (technical hardware and equipment) has a market value of RMB 258.346 billion

The company's main business: computer system equipment and peripheral connectors, etc.; cable components and housings, base development, design, Manufacturing and sales, etc.; manufacturing and sales of precision molds, etc.

As of July 31, 2020, Hon Hai has a total market capitalization of RMB 258.346 billion, a price-earnings ratio of 9.43 times, a net profit of RMB 26.844 billion in 2019, a revenue of RMB 1,244.806 billion in 2019, a gross profit margin of 5.91% in 2019, and a return on net assets in 2019. 9.41%.

No. 4: Chunghwa Power (Telecom Services II) with a market value of 199.831 billion RMB

Chunghwa Telecom Co., Ltd. is a Taiwanese telecommunications provider. The company has fixed communications, mobile communications, Internet, international fixed communications and other business departments to operate its business. Its fixed communications department in Taiwan provides local telephone services, long-distance telephone services in Taiwan, broadband access and other related services; the mobile communications department is engaged in the provision of mobile services, sales of mobile phones and data cards, and other related services; the Internet department is engaged in the provision of Chunghwa Telecom services and Related services; the international fixed communications department provides international long-distance telephone services and related services.

As of July 31, 2020, CLP’s total market capitalization was RMB 199.831 billion, P/E ratio was 25.78 times, net profit in 2019 was RMB 7.670 billion, revenue in 2019 was RMB 48.311 billion, gross profit margin in 2019 was 34.49%, and return on net assets in 2019 8.78%.

No. 5: Formosa Petrochemical (Energy II) has a market value of RMB 184.542 billion

Formosa Petrochemical Company was established in 1992 by a group of companies including Formosa Plastics, Nanya, Taihua, Taishuo Heavy Industries, and Fu Mao.Responsible for the construction of a 21 million metric tons of crude oil refinery, an annual output of 1.35 million metric tons of light oil cracking plant, and a total power generation capacity of 1.82 million tons of steam and power co-generation plants, and other companies are preparing to build 40 petrochemical intermediate raw material plants. The plan requires a large amount of raw materials to be imported and exported. In order to improve import and export efficiency and reduce import and export costs, and to enhance the overall competitiveness of the Sixth Light Project, in 1993, the company and Formosa Plastics Corporation jointly established Mailiao Industrial Zone Special Port Management Co., Ltd., Responsible for the preparation of Mailiao Industrial Port and port transportation business. Fortune Global 500, ranked 379th in 2013.

As of July 31, 2020, Formosa Petrochemical has a total market value of RMB 184.542 billion, a P/E ratio of 44.16 times, a net profit of RMB 8.567 billion in 2019, a revenue of RMB 150.394 billion in 2019, a gross profit margin of 7.39% in 2019, and net asset income in 2019 The rate is 11.02%.

No. 6: Cathay Gold (Insurance II) with a market value of RMB 123.961 billion

Cathay Financial Holdings Co., Ltd. was formally established on December 31, 2001, with a registered capital of NT$1.2 Ten billion yuan. Combining with diversified financial institutions such as insurance, securities, banks, etc., Cathay Financial has structured a fully functional business platform. Develop a cross-selling strategy and provide customers with one-stop shopping services through business locations and sales staff throughout the province. Integrate the resources of various subsidiaries to provide a full range of financial services, so that customers can enjoy one-stop high-quality services. Develop integrated financial products that meet customer needs and become the most intimate partner for customers' investment and financial management. Continue to improve the information system to meet the real-time information needs of customers externally; internally improve the automation of decision-making support, operation management, business information, risk control and audit operations. Continuously strengthen the professional competence and job satisfaction of employees in order to provide customers with the highest quality financial services. Pursue the synergy of integrated operation to reduce costs and give back to customers and shareholders. Accumulate a high-quality brand image and become the most trustworthy and entrusted financial holding company in the minds of customers. At present, Cathay Financial Holdings has more than 13 million customers, more than 700 branches and nearly 30,000 business personnel, forming the most dense customer service network.Cathay Pacific Financial Holdings aims to become the best financial institution in Asia. In addition to maintaining its leading position in the Taiwan market, Cathay Pacific continues to actively expand its presence in the Asia-Pacific region and provides integrated financial services to customers by building a core strategy of a regional platform.

As of July 31, 2020, Cathay Pacific Gold has a total market value of RMB 123.961 billion, a price-earnings ratio of 8.31 times, a net profit of RMB 14.610 billion in 2019, a revenue of RMB 156.850 billion in 2019, a gross profit margin in 2019, and a return on net assets of 8.57. %.

No. 7: Delta (technical hardware and equipment) has a market value of RMB 123.487 billion

Founded in 1971, Delta Group is a leading manufacturer of power management and thermal management solutions, and it ranks in the world in a number of product areas Level important position. Facing the increasingly serious climate change issues, Delta upholds the business mission of "Environmental Protection, Energy Saving and Love the Earth", using the foundation of power supply design and management, integrating global resources and innovative research and development, and cultivating three major business areas, including "power supplies and components" , "Energy Management" and "Smart Green Life". With quality first, achieving customer satisfaction through agility, innovation, and teamwork is our goal.

As of July 31, 2020, Delta's total market capitalization was RMB 123.487 billion, P/E ratio was 23.82 times, net profit in 2019 was RMB 5.382 billion, revenue in 2019 was RMB 62.421 billion, gross profit margin in 2019 was 27.78%, net asset income in 2019 The rate is 17.10%.

8th place: Largan (technical hardware and equipment) has a market value of RMB 121.961 billion

Largan Optoelectronics Co., Ltd. is a professional optical lens design and manufacturer. The headquarter of the group is located in Span9span Taichung City Nantun District Precision Machinery Park. It currently has four factories in Taichung, Taiwan, and two factories in China. It is the world's largest manufacturer of mobile phone lenses. The main products are: mobile phone lens, tablet computer lens, notebook computer lens.

As of July 31, 2020, Largan has a total market value of RMB 121.961 billion, a P/E ratio of 17.14 times, a net profit of RMB 6.580 billion in 2019, a revenue of RMB 14.146 billion in 2019, a gross profit margin of 69.01% in 2019, and net asset income in 2019 The rate is 24.16%.

No. 9: Formosa Plastics (Material II) has a market value of RMB 118.781 billion

Taiwan Plastics Industry Co., Ltd. was established in 1954. After more than 40 years of hard work, the current capital is 35.346 million RMB. The company's current business and products include plastic raw material products, plastic processing, fiber products, and calcium carbide products. Among them, the annual production capacity of PVC powder is 1.29 million tons, which is not only the largest production plant in Taiwan, but also the largest PVC powder production plant in the world with an annual production capacity of 2.32 million tons if the US investment company is included.

As of July 31, 2020, the total market value of Formosa Plastics is 118.781 billion yuan, the price-earnings ratio is 13.39 times, the net profit in 2019 is 8.689 billion yuan, the revenue in 2019 is 48.387 billion yuan, the 2019 gross profit margin is 15.45%, and the return on net assets in 2019 10.59%.

No. 10: Nanya Plastics (Material II) has a market value of 115.183 billion RMB

Nanya Plastics Co., Ltd. was founded in 1958. Its main products include plastic processing, plastic raw materials, electronic materials and polyester fiber products. Nanya Company is the world's largest plastics processing plant, and its output of polyester products and production of copper foil substrates for electronic materials are also among the best.

As of July 31, 2020, the total market value of Nanya Plastics is 115.183 billion yuan, the price-earnings ratio is 21.00 times, the net profit in 2019 is 5.372 billion yuan, the revenue in 2019 is 66.653 billion yuan, the gross profit margin in 2019 is 9.83%, and the return on net assets in 2019 6.41%.

No. 11: Mega Gold (Bank) has a market value of RMB 104.577 billion

Our vision is to become a regional financial group in Asia. Medium and long-term development strategy: Deeply cultivate the Asia-Pacific,Deploy globally and expand the advantages of corporate finance and foreign exchange business. Strengthen the reform of consumer and wealth management business channel model and the establishment and integration of digital platforms. Strengthen business integration between subsidiaries, enhance the synergy of the group, cultivate international talents and local special talents, and expand capital scale And allocation to improve the efficiency of capital utilization and enhance global operations and risk management skills and systems.

As of July 31, 2020, Zhaofeng Gold has a total market value of RMB 104.577 billion, a price-earnings ratio of 15.19 times, a net profit of RMB 6.741 billion in 2019, a revenue of RMB 14.834 billion in 2019, a gross profit margin% in 2019, and a return on net assets in 2019 8.74%.

No. 12: Fubon Financial (Diversified Finance) has a market value of RMB 101.558 billion

Fubon Financial Holdings, with the development vision of "becoming a first-class financial institution in Asia", and its main subsidiaries include Fubon Life Insurance and Taipei Fubon Bank, Fubon Bank (Hong Kong), Fubon China First Bank, Fubon Property Insurance, Fubon Securities, etc. It has the most complete and diversified financial products and services, and its business performance is dazzling. It has ranked first in Taiwan's financial industry for eight consecutive years. As of the end of December 2016, Financial Holding's total assets reached 6.35513 billion yuan, making it the second largest financial holding company in Taiwan. Fubon Financial Holdings is based in Taiwan, growing steadily, and actively expanding the mainland market. At the end of 2008, Fubon Financial Holdings successfully invested in Xiamen Bank through Fubon Bank (Hong Kong), becoming the first Taiwan-funded financial institution to participate in the landing. In October 2010, Fubon Property & Casualty Insurance's mainland subsidiary Fubon Property Insurance opened in Xiamen. It was the first Taiwan-funded insurance company to enter the mainland after the Cross-Strait Economic Cooperation Framework Agreement (ECFA) took effect. In July 2011, the "Founder Fubon Fund Management Company", a joint venture between Fubon Investment Trust and China Founder Securities, was inaugurated in Beijing, making it the first cross-strait joint venture fund management company. In January 2014, Fubon Financial Holdings and Taipei Fubon Bank formally acquired 80% of the equity of Huayi Bank and changed its name to Fubon Huayi Bank in April. This is an important historical milestone for Fubon Financial Holdings' long-term deployment in the mainland. It has become the only Taiwan-funded financial institution that "has bank branches in three places on both sides of the strait." In October 2016, Fubon Huayi Bank became a wholly-owned subsidiary of Fubon Financial Holdings.Looking forward to the future, Fubon Financial Holdings will continue to seek cooperation opportunities in other fields, and steadily move towards the goal of "the most complete financial platform in the three places across the Taiwan Strait"!

As of July 31, 2020, Fubon Gold has a total market capitalization of RMB 101.558 billion, a price-earnings ratio of 7.30 times, a net profit of RMB 13.618 billion in 2019, a revenue of RMB 126.301 billion in 2019, a gross profit margin in 2019, %, and a return on net assets in 2019 9.74%.

No. 13: Uni-President (Food, Beverage and Tobacco) has a market value of RMB 96.569 billion

Uni-President is a large Taiwanese food company, the second largest manufacturer of fruit juice drinks in China, and the second largest Chinese ready-to-drink tea The manufacturer also produces and sells beverages such as milk tea, coffee, mineral water, and yogurt products. It is well-known in East Asia and Southeast Asia, and it is also one of the largest food companies in Taiwan. Its headquarter is located in Tainan County Yongkang City. As of July 31, 2020, the unified total market value was 96.569 billion yuan, the price-earnings ratio was 21.37 times, the 2019 net profit was 4.425 billion yuan, the 2019 revenue was 104.289 billion yuan, the 2019 gross profit margin was 34.37%, and the 2019 return on net assets was 17.70%.

No. 14: Taihua (Material II) has a market value of RMB 93.902 billion

Taiwan Chemical Fiber Co., Ltd. was founded in 1965, due to environmental constraints in the province, lack of natural fibers, in order to cope with the rapid development of the textile industry, In the Changhua plant area, it is planned to build a fiber spinning factory that uses the small diameter wood or branch wood of the mountain forest and miscellaneous trees in the province to manufacture wood pulp and rayon, and to develop spinning, weaving, dyeing and finishing downstream. Beginning in 1973, it has successively built factories such as Nylon raw silk, Nylon processed silk, and Nylon weaving fabrics, so that the company's textile fiber industry includes a large system of rayon and rain-resistant. Due to the gradual expansion of the scale of operations, in addition to the Changhua plant, the investment and plant locations have also been extended to places such as Longde and Xingang, becoming one of the large chemical fiber production plants in Taiwan.

As of July 31, 2020, Taihua’s total market value was 93.902 billion yuan, with a price-earnings ratio of 23.46 times, and a net profit of 6.915 billion yuan in 2019.Revenue in 2019 was RMB 73.448 billion, gross profit margin in 2019 was 10.16%, and return on net assets in 2019 was 8.18%.

No. 15: CITIC Gold (Bank) has a market value of 89.908 billion RMB

China Trust Financial Holdings Co., Ltd. was established on May 17, 2002. Its corporate headquarters is located in Taipei, Taiwan. The number of employees worldwide exceeds 25,000. Its subsidiaries include China Trust Commercial Bank (Stock) Company, Taiwan Life Insurance (Stock) Company, China Trust Comprehensive Securities (Stock) Company, China Trust Venture Capital (Stock) Company, China Trust Asset Management (Stock) Company, China Trust Eight subsidiaries including Securities Investment Trust (Stock) Company, CITIC Insurance (Stock) Company, and Taiwan Lottery Securities (Stock) Company. In order to provide customers with global and more convenient financial services, China Trust Bank, a subsidiary of China Trust Financial Holdings, acquired the equity of The Tokyo Star Bank, Ltd., which was 100% completed on June 5, 2014 With equity delivery, China CITIC Bank became the sole shareholder of Tokyo Star Bank. In addition, in order to expand the scale of the insurance business, CITIC Financial Holdings signed an equity conversion contract with Taiwan Life Insurance. CITIC Financial Holdings acquired 100% equity in Taiwan Life Insurance. The equity conversion was completed on October 15, 2015 and completed on January 1, 2016. After the merger, Taiwan Life Insurance became a subsidiary of CITIC Financial Holdings. At present, the main subsidiary of CITIC Financial Holdings-CITIC Bank has 150 branches in Taiwan, in the United States, Canada, Japan, Indonesia, the Philippines, India, Thailand, Vietnam, Malaysia, Hong Kong, Singapore, Mainland China, Myanmar And Australia has overseas branches (offices, branches, sub-branches and sub-branches), with a total of 107, making it the most international financial institution in Taiwan.

As of July 31, 2020, the total market value of CITIC Gold was 89.908 billion yuan, the price-earnings ratio was 8.82 times, the 2019 net profit was 9.982 billion yuan, the 2019 revenue was 64.618 billion yuan, the 2019 gross profit margin was %, and the 2019 return on net assets was 11.38 %.

No. 16: Taiwan University (Telecom Services II) has a market value of RMB 87.652 billion

The company takes "creating the best customer experience" as its core philosophy,Provide a full range of communication and media services and become a leader in the era of digital convergence. Adhere to honesty, implement corporate social responsibility, create maximum value for shareholders, employees, and the general public, and build a world-class enterprise. Over the past ten years, Taiwan’s Big Brother University has performed outstandingly in various indicators such as information security management, customer service, listed (counter) company information disclosure, corporate governance, corporate social responsibility, etc., and has been frequently appraised by Taiwan’s internal and external evaluations. It is the most respected and trusted Taiwan One of the enterprises. Looking forward to the future, Taiwan’s Big Brother University will continue to uphold the brand value of allowing customers to "communicate as much as possible with unlimited ease", implement honesty, continue to strengthen market competitiveness with a sound corporate body, and actively create the most trustworthy telecom service business model to become The leader of Taiwan's digital convergence service.

As of July 31, 2020, Taiwan's total market value is 87.652 billion yuan, a price-earnings ratio of 29.52 times, a net profit of 2.906 billion yuan in 2019, a revenue of 28.965 billion yuan in 2019, a gross profit margin of 26.37% in 2019, and a return on net assets in 2019 19.22%.

17th place: Hetai Automobile (retail industry) has a market value of RMB 86.984 billion

Hetai Automobile was founded in September 1947, the founder Mr. Huang Liehuo, the company distributes products: TOYOTA, LEXUS, HINO commercial vehicles , Toyota Industrial Machinery, etc. Hetai has never stopped focusing on the achievements in front of him. Instead, he has been drawing ideal blueprints in his mind, and he has never stopped his focus. Now, with the new vision of "beyond the framework and overriding dreams" as our goal, we will practice today's dreams, and once again surpass ourselves, overcome all obstacles with courage, create irreplaceable value, continue to challenge limits, and exceed dreams.

As of July 31, 2020, Hetai Auto has a total market value of 86.984 billion yuan, a price-earnings ratio of 31.09 times, a net profit of 2.740 billion yuan in 2019, a revenue of 49.123 billion yuan in 2019, a gross profit margin of 15.43% in 2019, and net asset income in 2019 The rate was 21.81%.

No. 18: Yushan Financial Holdings (bank) has a market value of 80.814 billion RMB

Yushan Financial Holdings was established on January 28, 2002.Headquartered in Taipei, Taiwan, its subsidiaries include banking, securities, insurance and venture capital. As of December 31, 2015, the total number of employees was 8,457, and the total assets were NT$1.8 trillion. The net profit after tax in 2015 was NT$12.82 billion. In addition to its subsidiaries, in order to practice social responsibility and sustainable development, the Yushan Culture and Education Foundation and the Yushan Volunteer Foundation have been established successively, adhering to the volunteer spirit of "love and care" and "one love can lead to more love". Continue to contribute to Yushan and Yushan people. We believe that as much as the vision is, there will be so much power. For a long time, Yushan started from self-requirements, started from itself, adhered to the business method of honesty and integrity, established a fresh and professional brand image, and determined to build a century-old development ambition. We believe that in addition to devoting themselves to the operation of the financial industry, only by fulfilling corporate social responsibilities can Yushan people become world-class citizens and Yushan can truly become world-class corporate citizens. Model students are both good in character, learning, morality, intelligence, body, and beauty. For a long time, Yushan has established a fresh and professional brand image based on self-requirements, insisting on a prudent and decent business style. Over the past 20 years, with professional management, high-quality services, outstanding quality, good corporate governance, advanced risk management, and dedicated corporate social responsibility, Taiwan’s financial and service industries have been jointly promoted.

As of July 31, 2020, Yushan Financial Holdings has a total market value of 80.814 billion yuan, a price-earnings ratio of 16.91 times, a net profit of 4.680 billion yuan in 2019, a revenue of 12.624 billion yuan in 2019, a gross profit margin in 2019, %, and a return on net assets in 2019 11.34%.

No. 19: Quanta (technical hardware and equipment) has a market value of RMB 75.104 billion

Quanta Computer was established in 1988 and is currently the world's largest notebook computer R&D, design and manufacturing company. With leading technology and a strong and superior R&D team, it stands as a leader in the high-tech market; in addition to maintaining high growth, high quality and high evaluation in the field of notebook computers, it also extends its reach to the corporate network Markets such as systems, home entertainment products, mobile communication products, automotive electronics and digital home products, actively expand the industrial integration layout.

As of July 31, 2020, Quanta’s total market value is RMB 75.104 billion.The price-earnings ratio is 19.82 times, the 2019 net profit is 3.711 billion yuan, the 2019 revenue is 239.694 billion yuan, the 2019 gross profit margin is 4.78%, and the 2019 return on net assets is 11.79%.

No. 20: Sinosteel (Material II) has a market value of RMB 74.055 billion

China Iron and Steel Co., Ltd. is located in Kaohsiung City and was established in 1971. The current annual production capacity of crude steel exceeds 10 million metric tons. The main product is thermal Rigid products such as rolled, cold rolled, plated surface, steel plate, strip and bar steel. About three-quarters of the products are sold domestically, and one-quarter are sold abroad. The domestic market share in Taiwan accounts for more than 50%. It is currently the largest steel company in Taiwan. The main export targets are China, Japan, and Southeast Asia. As of July 31, 2020, Sinosteel has a total market value of 74.055 billion yuan, a price-earnings ratio of 92.02 times, a net profit of 2.038 billion yuan in 2019, a revenue of 85.261 billion yuan in 2019, a gross profit margin of 7.60% in 2019, and a return on net assets of 2.86% in 2019 .

No. 21: First Financial Holdings (bank) has a market value of 69.908 billion RMB

On January 2, 2003, First Financial Holdings was formally established with First Bank as the main body. It was converted and listed on the Taiwan Stock Exchange under the stock code of 2892. On July 31, 2003, First Financial Holdings formed a horizontal alliance with different industries on July 31, 2003, based on the solid foundation accumulated by First Bank, and absorbed and merged First Bank Securities, Mingtai Property and Casualty Insurance, and Jianhong Investment Trust. Therefore, the group's territory spanned banks and securities. , Property insurance and asset management. On July 28, 2003, it successfully issued the first overseas depositary receipts of a Taiwan financial institution with new shares, raising approximately NT$17.3 billion, and effectively improving the financial structure of First Financial Holdings and its subsidiaries. From May to September 2004, First Financial Holdings continued to step into the business of non-performing debt asset management, venture capital, financial management consulting, and property insurance agency financial services by establishing subsidiaries. In 2005, First Financial Holdings re-formulated its group development strategy, declaring that on the basis of the banking channel, through the group's resource sharing and financial operations, it will actively operate one-off financial services and product sales, so as to gradually achieve the goal of becoming the best in Taiwan and the region. Better to lead the vision of financial institutions.Subsequently, in September 2005, the sale of subsidiary Mingtai Property & Casualty Insurance Co., Ltd. to Sumitomo Mitsui Insurance Co., Ltd. was completed, and the adjustment of the new organizational structure of the business group was completed on the bank side in April 2006.

As of July 31, 2020, First Financial Holdings has a total market capitalization of 69.908 billion yuan, a price-earnings ratio of 15.18 times, a net profit of 4.509 billion yuan in 2019, a revenue of 14.413 billion yuan in 2019, a gross profit margin% in 2019, and net asset income in 2019 The rate is 1.47%.

No. 22: Uni-President (Food and Major Supplies Retail II) has a market value of 69.193 billion RMB

At present, the business unit of the mall is in charge of the mall business department under Uni-President. Its business includes shopping mall development, investment promotion, Marketing, and operation management. The shopping malls operated include: Songshan International Airport Mall, Taoyuan International Airport T2 Terminal Mall, Cingjing Passenger Service Center, Cingjing Small Swiss Garden Mall, Chengda Mall, National Taiwan University Water Source Mall, National Highway No. 1 Rende Service Area and Kaohsiung MRT R8 shopping malls and other shopping malls serve more than 29.5 million customers each year. Since its establishment, the shopping mall business department has taken "sincerity, innovation, sharing" as its mission, and has always insisted that shopping mall services should be oriented to meet consumer needs. It should strive to provide the most comfortable and safe shopping mall environment, hygiene, and diversified product content for consumers. By.

As of July 31, 2020, the unified market value exceeds 69.193 billion yuan, the price-earnings ratio is 29.35 times, the net profit in 2019 is 2.454 billion yuan, the revenue in 2019 is 59.611 billion yuan, the gross profit margin in 2019 is 34.31%, and the return on net assets in 2019 29.50%.

No. 23: Hekujin (bank) market value is 65.853 billion yuan

The company was established on December 1, 2011, and currently its subsidiaries include Heku Bank, Heku Bills, Heku Securities, and Heku Asset Management Six wholly-owned subsidiaries, including the company, Heku Investment Credit, and Heku Venture Capital, and a joint venture subsidiary Heku Life (the company holds 51% of the shares) with the strategic alliance of the subsidiary of BNP Paribas Group, are a service map Financial groups spanning the fields of banking, insurance, securities, bills, investment trusts, asset management and venture capital.As of the end of 2016, the company's total consolidated assets were NT$3.34 trillion, making it the fifth largest financial holding company in Taiwan in terms of asset size. The company’s core business cooperative bank was established in 1946 after the reorganization of the "Taiwan Industrial Bank" in the pre-Japanese occupation era. It was privatized in 2005 and merged with the Farmers Bank of China in 2006 and became the commercial bank with the most channels in Taiwan. , The market share of deposits and loans ranks the leading position in Taiwan.

As of July 31, 2020, the total market value of Hekujin is 65.853 billion yuan, the price-earnings ratio is 16.07 times, the net profit in 2019 is 4.013 billion yuan, the revenue in 2019 is 11.524 billion yuan, the gross profit margin in 2019 is %, the return on net assets in 2019 8.02%.

No. 24: UMC (semiconductor and semiconductor production equipment) has a market value of RMB 60.6 billion

United Microelectronics Co., Ltd. is mainly engaged in semiconductor foundry business. The company provides complementary metal oxide semiconductor (CMOS) logic circuit chips, mixed-signal chips, radio frequency (RF) CMOS chips, embedded memory products, high-voltage integrated circuits (IC) and CMOS image sensors, etc. The company mainly sells its products in North America, Asia and Europe. On June 3, 2014, it merged with its two indirect wholly-owned subsidiaries, United Energy Development Co., Ltd. and Chiyou Energy Company.

As of July 31, 2020, the total market value of UMC is RMB 60.6 billion, the price-earnings ratio is 18.65 times, the net profit in 2019 is RMB 2.260 billion, the revenue in 2019 is RMB 34.501 billion, the gross profit margin in 2019 is 14.38%, and the return on net assets in 2019 is 4.70. %.

No. 25: Huanan Gold (Bank) has a market value of 58.159 billion yuan

Huanan Financial Holdings held an interim meeting of shareholders on November 14, 1999 by both South China Bank (HuaYin) and Yongchang Securities. Fully converted into a financial holding company, which is the first financial holding company listed on the stock exchange among the three commercial banks.

as of July 31, 2020,The total market value of Huanan Gold is RMB 58.159 billion, the price-earnings ratio is 15.33 times, the net profit in 2019 is RMB 3.714 billion, the revenue in 2019 is RMB 10.871 billion, the gross profit margin in 2019 is %, and the return on net assets in 2019 is 8.79%.

No. 26: Advantech (technical hardware and equipment) has a market value of RMB 56.623 billion

Advantech is a global leader in electronic platform services. Since its establishment in 1981, Advantech has been committed to the innovation, development and development of industrial computers and automation fields. Provide high-quality/high-performance electronic products and services. After more than 20 years of development, Advantech has accumulated rich experience in the electronic platform service market and has led the direction of industrial development, providing global users with a full set of hardware/software/customer service/global back-office support and e-commerce infrastructure solutions. Advantech will continue to assist system integrators to realize the value-added of their own solutions and services.

As of July 31, 2020, Advantech’s total market capitalization was RMB 56.623 billion, P/E ratio was 33.89 times, net profit in 2019 was RMB 1.711 billion, revenue in 2019 was RMB 12.605 billion, gross profit margin in 2019 was 38.97%, and return on net assets in 2019 was 23.89. %.

No. 27: TCC (Material II) has a market value of 54.638 billion yuan

TCC was founded in 1950 and is the leading business of the TCC group. Its main business scope includes the production and sales of cement and cement products, as well as pre-production Production and marketing of mixed concrete. In 2014, the total production capacity in Greater China was approximately 60 million tons, ranking sixth in China (citing statistics from China Cement Network). TCC is one of the world's major export manufacturers, and its high quality is well-known internationally. It has successively obtained a number of certificates including the cement certification of the Los Angeles City of California, the United States, and the EU cement CE certification. At present, TCC has cement plants in Guangdong, Guangxi, Jiangsu, Liaoning, Guizhou, Sichuan, Chongqing, Yunnan, Taiwan Heping, Suao and Hualien; it has invested and established grinding stations in Zhujiaqiao, Anhui, Liuzhou, Guangxi, and Fuzhou, Fujian. There are 16 cement plants, 3 grinding plants, 22 ready-mix plants and a dedicated cement port located in Taiwan and Mainland China. In order to implement the environmental protection concept of "Environmental protection is a responsibility not a cost",To fulfill its social civic responsibility, TCC has successively set foot in power generation, waste treatment and other undertakings, becoming a truly environmentally friendly enterprise based on the three cores of "cement, power generation, and environmental protection". TCC’s R&D center in Taoyuan is constantly investing its efforts in the innovation and development of products and processes.

As of July 31, 2020, TCC’s total market capitalization was 54.638 billion yuan, with a price-earnings ratio of 9.49 times. The net profit in 2019 was 5.636 billion yuan, the revenue in 2019 was 28.584 billion yuan, the 2019 gross profit margin was 29.25%, and the 2019 return on net assets. 12.90%.

No. 28: Yuantajin (multi-financial) has a market value of 49.934 billion yuan

In 2007, Fuhua Financial Holdings merged with Yuanta Jinghua Securities, a leading broker in the Taiwan stock market, and changed its name to Yuanta Financial Holdings; then it merged with Bora Securities and Public Bank, developed into a financial holding company with a dual-principle of securities investment and commercial banking development. In addition to a number of securities-related businesses in the Taiwan market, it has a leading position, and its corporate and personal commercial banking businesses have developed in a balanced manner; and through its businesses Lines complement and integrate, and become a financial group covering securities, banking, life, securities, futures, investment and trust, investment advisory, venture capital and asset management. Yuanta Financial Holdings has been deeply engaged in Taiwan for a long time. As of the end of March 2017, it has securities in Taiwan: 148 headquarters and branches, and 152 bank branches, covering the province’s dense bases and approximately 12,350 professional financial service personnel, providing a full range of customers Financial Services. At the end of March 2017, Yuanta Financial Holdings had a market share of approximately 12% in Taiwan’s securities brokerage business, approximately 20% in its financing business, 21.23% in futures brokerage, and a market share of approximately NT$345.9 billion in public fund issuance. 16%, both ranked first in the market. Investment banking is also a major market leader and has long been recognized by investors both inside and outside Taiwan. In terms of overseas layout, Vietnam, Cambodia, the Philippines, Indonesia, Myanmar, Thailand and other countries covering the Greater China regions such as Hong Kong, Shanghai, Beijing and Shenzhen, Northeast Asia, South Korea and the ASEAN, gradually constructing a complete Asia-Pacific transnational layout , Moving towards the goal of "the best financial service provider in the Asia-Pacific region".

as of July 31, 2020,Yuanta Gold has a total market value of 49.934 billion yuan, a price-earnings ratio of 10.27 times, a 2019 net profit of 4.760 billion yuan, a 2019 revenue of 23.741 billion yuan, a 2019 gross profit margin of %, and a 2019 return on net assets of 8.37%.

No. 29: FarEasy (Telecom Services II) has a market value of 48.874 billion RMB

FarEasy Telecom is a pioneer in communications and digital application services in Taiwan, with "integrity, agility, innovation, and teamwork" as its core values, since 1997 Since its establishment in 2016, it has been adhering to the brand spirit of "only remote transmission, no distance", and has proclaimed itself with the spirit of "transformation, innovation, and stunning". Our vision: life has long-distance transmission, communication without distance, and life is richer. Our mission: Based on Taiwan and looking internationally, we will provide the highest quality information communication and digital application services in the Chinese market. Our commitment: To exceed customer expectations with innovation and enthusiasm, to become the preferred company for employees, to create the highest value for shareholders, to commit to corporate social responsibility and environmental sustainability.

As of July 31, 2020, FarEasy has a total market value of 48.874 billion yuan, a price-earnings ratio of 23.54 times, a net profit of 2.034 billion yuan in 2019, a revenue of 19.524 billion yuan in 2019, a gross profit margin of 31.90% in 2019, and a return on net assets in 2019 12.21%.

30th place: The Bank of Changhua (bank) has a market value of RMB 45.097 billion

Changhua Commercial Bank Co., Ltd. was founded in 1950. The bank is in line with national financial policies, promotes economic development, and provides comprehensive financial services For the purpose of safeguarding public interests, exerting operational efficiency, and enhancing shareholders' rights and interests, since its establishment, in line with the traditional spirit of "firm operation and service to the public", it has gone through the difficult era of Japanese rule, the restoration of Taiwan and the economic transformation after the national government moved to Taiwan. , Has played a pivotal influence on the vitality of the economy, the promotion of industrial upgrading, the improvement of national living standards and international status. Under the government's policy of promoting financial liberalization and internationalization and developing Taiwan as a regional financial center, the bank has been committed to the development of business operations, improving service standards, and expanding with the business philosophy of "service", "efficiency" and "innovation". The scope of services is expected to provide more convenient and more comprehensive financial services to industrial and commercial enterprises and the general public.

As of July 31, 2020, the Bank of Changhua has a total market capitalization of RMB 45.097 billion, a P/E ratio of 16.40 times, a net profit of RMB 2.694 billion in 2019, a revenue of RMB 7.358 billion in 2019, a gross profit margin in 2019, and a return on net assets of 7.26 in 2019. %.

No. 31: Nanya Branch (semiconductor and semiconductor production equipment) has a market value of RMB 44.548 billion

Nanya Technology Co., Ltd. was established on March 4, 1995, dedicated to the development of DRAM (Dynamic Random Access Memory) Research and development, design, manufacturing and sales, and set up marketing points in the United States, Europe, Japan, and the mainland. Its largest shareholder is Nanya Plastics Co., Ltd. of the Formosa Plastics Group. Committed to the development of advanced technology and products. At the same time, we will cultivate local R&D talents in Taiwan, so that technology can take root in Taiwan and develop continuously. Make full use of the advanced process technology that has been developed to enhance the value of the product and achieve the goal of maximizing profit.

As of July 31, 2020, Nanya has a total market value of RMB 44.548 billion, a P/E ratio of 24.04 times, a net profit of RMB 2.287 billion in 2019, a revenue of RMB 12.04 billion in 2019, a gross profit margin of 31.89% in 2019, and a return on net assets in 2019. 6.20%.

No. 32: Catcher Technology (technical hardware and equipment) has a market value of 39.104 billion RMB

Catcher Technology Co., Ltd. is a leading manufacturer of magnesium alloy die-casting in Taiwan, specializing in notebook computers, digital cameras, and communications The quality and mass production scale of the mechanical components of 3C products such as disk drives have reached world-class standards.

As of July 31, 2020, Catcher Technology's total market value is 39.104 billion RMB, P/E ratio is 12.19 times, 2019 net profit is 2.624 billion RMB, 2019 revenue is 21.331 billion RMB, 2019 gross profit margin is 24.30%, and 2019 net asset income The rate is 7.52%.

33rd place: Pegatron (technical hardware and equipment) has a market value of 38.290 billion yuan

Pegatron Technology Co., Ltd. has a wealth of product development experience and vertical integrated manufacturing capabilities in the production process.Committed to providing customers with a consistent process from creative design to systematic production and manufacturing services of Pegatron Technology Co., Ltd., to fully and efficiently meet all customer needs. Not only has a net asset of NT$82 billion, the business scope also covers motherboards, personal computers, notebooks, servers, interface cards, optical disc drives, modems, wireless communication products, game consoles and their peripherals Equipment, network products, PBX switches, digital audio and video players to LCD TVs. In the latest Fortune 500 list released in 2013, Pegatron ranked 384th.

As of July 31, 2020, Pegatron has a total market value of 38.290 billion yuan, a price-earnings ratio of 8.34 times, a net profit of 4.497 billion yuan in 2019, a revenue of 318.07 billion yuan in 2019, a gross profit margin of 3.30% in 2019, and a return on net assets in 2019 12.56%.

No. 34: ASUS (technical hardware and equipment) with a market value of 38.224 billion yuan

ASUS Computer Co., Ltd. (abbreviated as ASUS), the brand is "ASUS", the company was established on April 2, 1990. It is an international brand company in Taiwan and the world's largest manufacturer of motherboards. It is also a leading manufacturer of graphics cards, desktop computers, communication products, optical drives and other products. The name "ASUS" comes from the company's expectation to become the "Master of Chinese", and the English name ASUS is inspired by the Pegasus of the Greek mythology, symbolizing artistic inspiration, learning, perfection and innocence, which is in line with ASUS's perseverance and pursuit of excellence. spirit. From a professional own brand to a global 3C brand, ASUS has always insisted on uncompromising quality and innovation. The Chinese name is named after "Hua Ren Zhi Shuo", while the English name is inspired by the pegasus "PEGASUS" in Greek mythology. It symbolizes the image of holiness, perfection and innocence, and represents the spirit of ASUS's perseverance and pursuit of excellence. .

As of July 31, 2020, Asustek’s total market capitalization is RMB 38.224 billion, with a price-to-earnings ratio of 13.25 times and a net profit of RMB 2.826 billion in 2019.Revenue in 2019 was RMB 81.790 billion, gross profit margin in 2019 was 15.22%, and return on net assets in 2019 was 7.18%.

35th place: Taishin Financial Holdings (bank) has a market value of 33.839 billion yuan

The company is committed to achieving the financial success of customers and shareholders, making Taishin a cornucopia for customers, and winning social recognition and trust is what Taishin has long pursued Excellence goals. We deeply understand that as a financial institution, we must maintain steady growth. Through innovation and quality service, success with our customers is the cornerstone of sustainable operations. In terms of strategy, Taishin adheres to the core corporate values ​​of "Integrity, Commitment, Innovation, and Cooperation", is committed to recruiting first-class financial talents, and continues to train experience to strengthen the competitiveness of Taishin's financial team and facilitate the rapid advancement of cross-strait economic and trade relations. Under the new situation, the financial structure of the Asia-Pacific region is expanding and developing. In terms of operation, Taishin is committed to providing the best service. We set the 3S high-quality service benchmarks, namely: Simple (simple), allowing customers to specifically feel the convenient and non-cumbersome service process sincere (sincere) when conducting various financial transactions, and think about problems from the perspective of customers , Treat customers with a sincere attitude, not only find solutions for customers, including related problems that may arise in the future, but also think about Superior (extremely excellent) in advance, understand customers from different angles, and provide customized solutions with professional knowledge, skills and attitudes. Diversified products and professional services to meet customer needs.

As of July 31, 2020, Taishin Financial Holdings has a total market value of 33.839 billion yuan, a price-earnings ratio of 9.82 times, a 2019 net profit of 3.373 billion yuan, a 2019 revenue of 9.432 billion yuan, a 2019 gross profit margin %, and a 2019 return on net assets 7.49%.

36th place: Far East New (capital goods) with a market value of RMB 32.573 billion

Far East New Century Co., Ltd. (formerly Far East Textile Company) is Taiwan’s largest and most diversified manufacturer of textiles and related products. It was founded in Shili Yangchang-Shanghai in 1942 by the founder Mr. Xu Youxue. In the 60 years of the Far East, upholding the entrepreneurial spirit of "honesty, diligence, simplicity, prudence" and "innovation", we have been steadily and steadily, sticking to our core business, and establishing a consistent mechanism for upstream, middle and downstream.Actively adjust business strategies, diversify operations, activate assets, and pursue market share and profitable growth.

As of July 31, 2020, Far East New has a total market capitalization of RMB 32.573 billion, a P/E ratio of 12.77 times, a net profit of RMB 2.499 billion in 2019, a revenue of RMB 58.227 billion in 2019, a gross profit margin of 17.88% in 2019, and a return on net assets in 2019. 5.26%.

37th place: Asia Cement (Material II) has a market value of RMB 31.921 billion.

Asia Cement Co., Ltd. has a total paid-in capital of NT$33,614,471,980. The business scope includes the production, transportation and sales of cement, semi-finished cement products, cement products, ready-mixed concrete and concrete additives. The "Western House" cement produced is of high quality and is well-known both at home and abroad. At present, the clinker production capacity of the Hsinchu and Hualien plants can reach 5 million metric tons. The company adopts the most advanced preheating and preforging rotary kiln equipment, and uses waste heat recovery power generation technology to effectively save energy. In addition, to reduce cement transportation costs, it has successively established in Keelung Port, Taichung Port, Kaohsiung Port and Hualien Port Storage and transportation facilities, and transport cement in a round-the-island ocean shipping mode through the reinvested Yumin Shipping Company’s dedicated bulk cement ship. The company continues to lead the industry in its operating performance under the business strategy of "high quality, high efficiency, high environmental protection, low cost" and "full production and full sales". The company uses Taiwan as its operating headquarters, coordinates resources, uses strategies flexibly, and innovates its business model. It also regards "roots in Taiwan, deep cultivation in the mainland, and global layout" as the core goal of corporate sustainable operations.

As of July 31, 2020, Asia mud has a total market value of 31.921 billion yuan, a price-earnings ratio of 7.69 times, a net profit of 4.065 billion yuan in 2019, a revenue of 20.651 billion yuan in 2019, a gross profit margin of 28.15% in 2019, and a return on net assets in 2019 12.30%.

No. 38: Development Fund (bank) with a market value of 30.749 billion RMB

China Development and Financial Holdings was established in 2001 by the subsidiary China Development Industrial Bank (the predecessor of China Development Capital) through share conversion, and its main subsidiary is Zhonghua Development Capital, KGI Bank and KGI Securities,He has been a leader in Taiwan's investment banking business and capital market for a long time. China Development Capital, formerly known as China Development and Industrial Bank, is Taiwan’s first development financial institution. It has been cooperating with the government’s economic and construction policies for a long time and is at the forefront of Taiwan’s economic development. It is not only helpful to promote the country’s economic and industrial development, but also Taiwan's investment banks play a forward-looking and pioneering role. They have a 30% market share in Taiwan and are firmly ranked as the market leader in Taiwan. In recent years, in order to cooperate with the government's policy of promoting the upgrading of the financial industry, with the accumulated experience and strength to support the development of Taiwan's industry, it has actively developed the business of raising and managing equity investment funds, and has become a leading equity investment and asset management company based in the Asia-Pacific region. the goal. KGI Bank is committed to providing customers with the highest quality financial services. Its main business items cover bank-related businesses such as deposits, wealth management, consumer finance, corporate finance, financial transactions and foreign exchange. In recent years, KGI Bank has continuously launched innovative products and services, especially in the areas of mobile payment and small revolving credit loans, which have repeatedly achieved outstanding results. KGI Bank is not only ahead of other financial peers, it is the first bank in Taiwan to launch mobile payment services; in the small revolving credit loan business, it also has a proud record of having the highest market share of gold cards in Taiwan.

As of July 31, 2020, the total market value of the development fund is 30.749 billion yuan, the price-earnings ratio is 10.11 times, the net profit in 2019 is 2.979 billion yuan, the revenue in 2019 is 59.058 billion yuan, the gross profit margin in 2019 is %, and the return on net assets in 2019 is 7.38 %.

39th place: SinoPac Financial Holdings (bank) has a market value of RMB 28.533 billion

Subsidiaries of SinoPac Financial Holdings Co., Ltd. include banking, securities, investment and credit, customer service technology, insurance agency, leasing and venture capital, etc. Industry; Among them, overseas service points cover Hong Kong, Macau, Beijing, Nanjing, Shanghai, Xiamen, Dongguan, Kunshan, Tianjin, Chongqing, Vietnam, Los Angeles, London and other places. The predecessor of SinoPac Financial Holdings was Jianhua Financial Holdings, which was formed by the joint combination of Huaxin Bank (the predecessor of Jianhua Commercial Bank) and Jianhong Securities. It is a successful case of cross-industry integration of banking and securities in Taiwan's financial history. In order to strengthen international competitiveness and expand the scale of operations, Jianhua Financial Holdings held a shareholder meeting on August 26, 2005, and incorporated Taipei International Commercial Bank as a subsidiary of Jianhua Financial Holdings through share conversion.It was renamed Yongfeng Financial Holdings on July 20, 2006. It was the year that Jianhua Commercial Bank and Taipei International Commercial Bank formally merged and changed its name to Yongfeng Bank. China Banking Corp. has 128 branches. China Banking Corporation Bank (China) Co., Ltd. officially opened its doors in February 2014. It is the first Taiwan-funded bank approved to establish a wholly-owned subsidiary in the mainland. The subsidiary bank US Far East National Bank Ho Chi Minh City Branch also officially changed its name to Yongfeng Commercial Bank Ho Chi Minh City Branch on November 1, 2015. SinoPac Securities is the first listed securities firm in Taiwan. On April 19, 2016, the board of directors approved the transfer of the operating rights, operating equipment and securities financing bonds of Taiwan's ICBC Securities Brokerage, and obtained a total of 8 locations in Taiwan's ICBC Securities. The brokerage business operating rights, operating equipment, and the net value of securities financing bonds will effectively increase the brokerage business’s market share, increase profits, and benefit shareholders’ equity.

As of July 31, 2020, Yongfeng Financial Holdings has a total market value of 28.533 billion yuan, a price-earnings ratio of 9.62 times, a 2019 net profit of 2.905 billion yuan, a 2019 revenue of 8.263 billion yuan, a 2019 gross profit margin %, and a 2019 net asset income The rate is 8.54%.

No. 40: Lite-On Technology (technical hardware and equipment) has a market value of RMB 27.717 billion

Lite-On was founded in 1989, with the vision of "Optical Energy Saving and Smart Technology Best Partner", focusing on core optoelectronic components and key electronics The development of components is committed to establishing mass production advantages with resource integration and management optimization. Lite-On’s products are widely used in the fields of computers, communications, consumer electronics, automotive electronics, LED lighting, cloud computing and biotechnology and medical care. Among them, its products include optoelectronic products, information technology, storage devices, handheld mechanical components, etc. Global leadership. For 40 years, Lite-On has focused on establishing a competitive advantage in mass production, integrating and managing diversified product portfolios to optimize the benefits of resources to achieve high-quality revenue growth and profitability. In 2014, Lite-On successfully completed the merger of nine major subsidiaries of "One Lite-On". Its main operating strategy focused on increasing asset utilization, using automated production to optimize production capacity and efficiency, and promoting lean production to transform the overall production process and efficiency; It focuses on realizing profitability, maintaining a stable operating physique, and enhancing the remuneration of shareholders' equity, with a view to taking root in the sustainable operation of a century-old enterprise.In recent years, Lite-On has actively expanded from the information and communications industry to the five IoT application areas of cloud, LED lighting, automotive electronics, biomedicine and industrial automation, and has actively created a new wave of operational growth momentum for Lite-On. At the time when the global technology industry is ushering in a new wave of changes, Lite-On expects that in this extremely changing and challenging era, Lite-On will leverage the existing advantages of world-class excellent enterprises and become global customers in the development of innovation and innovation in optoelectronic energy saving and smart technology. When applying, the best business partner of choice.

As of July 31, 2020, Lite-On Technology’s total market capitalization was RMB 27.717 billion, P/E ratio was 12.30 times, net profit in 2019 was RMB 2.182 billion, revenue in 2019 was RMB 41.428 billion, gross profit margin in 2019 was 15.36%, net asset income in 2019 The rate is 13.04%.

No. 41: Zhengxin (automobiles and auto parts) has a market value of RMB 26.158 billion

Zhengxin Rubber Industry Co., Ltd. was founded in 1967 by former chairman Luo Jie in Dacun Township, Changhua County, By the end of 2014, there were 11 tire manufacturing companies in the world (the Indian factory was added in 2015), with more than 24,000 employees worldwide. The company's main products are all kinds of tires and rubber products. The tire specifications produced are bicycle tires (the world's largest production volume), motorcycle tires (the world's largest production volume), agricultural and industrial vehicle tires, truck tires, and high-speed steel wire car tires. The company continues to refine its research and development capabilities to provide a more competitive product portfolio, and actively expand its bases at home and abroad. So far, there are 12 tire manufacturing companies in the world, producing all kinds of products and shipping them to the Americas, Europe, , Middle East, To our customers in more than 180 countries in Africa, Asia, New Zealand, Australia and so on.

As of July 31, 2020, Zhengxin has a total market value of RMB 26.158 billion, a P/E ratio of 31.74 times, a net profit of RMB 807 million in 2019, a revenue of RMB 25.493 billion in 2019, a gross profit margin of 21.88% in 2019, and a return on net assets in 2019. 4.43%.

No. 42: Ruhong (durable consumer goods and clothing) has a market value of RMB 22.565 billion

Ruhong Enterprise Co., Ltd. was established in 1977,The stock was listed in 2001. It is a manufacturer of fabrics, garments, and professional elastic knitwear. The main production bases are Taiwan, China, Los Angeles, and Vietnam. Mainly engaged in knitted fabrics and garments; has a large customer base. Ruhong Apparel Department mainly produces elastic knitted sports and leisure clothing, fashion, swimwear, rhythm clothing and inner pajamas and other styles of clothing. We mainly manufacture clothing from many world-renowned brands, such as Nike, Puma, Champion, JONES, Mexx... We also design our own clothing series for customers to make diversified choices.

As of July 31, 2020, Ruhong has a total market value of 22.565 billion yuan, a price-earnings ratio of 23.02 times, a net profit of 1.01 billion yuan in 2019, a revenue of 6.548 billion yuan in 2019, a gross profit margin of 28.85% in 2019, and a return on net assets in 2019 24.53%.

No. 43: AUO (technical hardware and equipment) has a market value of RMB 22.385 billion

AUO Optoelectronics Co., Ltd. was originally named Daqi Technology, established in August 1996, and merged with Lianyou Optoelectronics in 2001 It was later renamed AU Optronics and merged with Guanghui Electronics again in 2006. After AUO merged with the two companies, the global market share of large-size panels exceeded 19%, and the total production capacity of the sixth-generation line became the world's first. AU Optronics is also the world's first TFT-LCD manufacturing company to be publicly listed on New York Stock Exchange (NYSE). AUO's series of products cover 1.2-inch to 65-inch TFT-LCD panels. Application areas include desktop monitors, notebook computers, LCD TVs, automotive monitors, industrial computers, digital cameras, digital video cameras, handheld DVDs, and handheld game consoles. It is also one of the few manufacturers in the world that supplies a complete product line of large, medium and small sizes. In 2008, AU Optronics created a turnover of $12.9 billion, and now has more than 40,000 employees worldwide, distributed in Taiwan, the United States, Japan, South Korea, Singapore, the Netherlands, , Czech , and mainland China.

as of July 31, 2020,AUO’s total market capitalization is RMB 22.385 billion, P/E ratio is -5.01 times, net profit in 2019 is RMB 4.466 billion, revenue in 2019 is RMB 62.575 billion, gross profit margin in 2019 is 0.17%, and return on net assets in 2019 is -10.11%.

No. 44: Compal Computer (technical hardware and equipment) has a market value of RMB 19.537 billion

Since 1984, Compal Computer has developed from a computer peripheral manufacturer with a professional management team and strong R&D capabilities. The current scale. Today, Compal has established a leading position in the notebook computer industry, producing LCD video products and smart mobile devices of high quality. In order to build a global operations research system, Compal has successively established bases in the mainland, the United States, Vietnam, Brazil, and Poland to provide customers with flexible and fast services, and actively expand new business territory, develop corporate products, wearable devices, smart health care products, and Accelerate the deployment of the Internet of Things and move towards a provider of holistic solutions. The entrepreneurial spirit of innovation, harmony and transcendence urges Compal to grasp the trend, create opportunities, and move towards a broader pattern. In addition to the development of notebook computers for network applications, the management team is more forward-looking for multi-industry layout and structure Create a complete supply of components, panels, and Netcom with Compal Computer as the center, spanning communications, digital media, mobile devices, automotive electronics and vertical integration (chassis, bearing, connectors, printed circuit boards, etc.) chain! At the same time, it invests in industrial computer manufacturers to accelerate the penetration of medical and vertical application markets. And through external strategic alliances and internal resources, actively invest in the Internet of Things, with smart homes, smart cars, and smart health care as the development goals.

As of July 31, 2020, Compal Computer's total market value is RMB 19.537 billion, P/E ratio is 11.82 times, net profit in 2019 is RMB 1.619 billion, revenue in 2019 is RMB 228.247 billion, gross profit margin in 2019 is 3.46%, net asset income in 2019 The rate is 6.57%.

No. 45: Innolux (technical hardware and equipment) has a market value of RMB 19.159 billion

Innolux Co., Ltd. was established in 2003,Innolux conducts production and sales operations in a one-stop manner, and provides overall solutions for group system customers. At the beginning of its establishment, Innolux has attached great importance to the research and development of new products. Star products such as mobile phones, portable and car-mounted DVDs, digital cameras, game consoles, and PDA LCD screens have been put into mass production, and they have quickly seized the market to win market opportunities. As of April 2004, 90 patents have been obtained.

As of July 31, 2020, Innolux has a total market value of RMB 19.159 billion, a price-earnings ratio of -4.62 times, a net profit of RMB -4.061 billion in 2019, a revenue of RMB 58.659 billion in 2019, a gross profit margin of 1.20% in 2019, and a net profit in 2019 Return on assets -7.16%.

No. 46: Baocheng Industrial (Consumer Durables and Apparel) has a market value of RMB 18.597 billion

Baocheng Industrial Co., Ltd. (hereinafter referred to as "Baocheng Industrial") was established in September 1969 and was primarily engaged in The production and export of plastic shoes, and then began to focus on the research and development and manufacturing of sports shoes and casual shoes, and in recent years, actively develop the sports goods distribution business. So far, Baocheng Industrial has transformed into an industrial holding company to operate, with its sub-investment company dedicated to the operation of the two core businesses of "shoemaking" and "distribution". At present, Baocheng Industrial and its subsidiaries (hereinafter referred to as "Baocheng International Group") are the world's largest manufacturer of sports shoes and casual shoes, with an annual output of more than 300 million pairs of footwear, accounting for about more than the global sports shoes and casual shoes market. 20% of the wholesale price. In terms of distribution business, Baocheng International Group started as a brand agency business in 1992, and then gradually developed sporting goods retail business. After years of expansion and expansion, it has established a certain scale of sales network in Greater China. In order to focus on the development of core businesses and increase the market value of the group, the retail and brand agency businesses were separated independently in 2008 and invested by Yue Yuen Industrial Co., Ltd. Pou Sheng International (Holdings) Co., Ltd. ("Pou Sheng International") Focus on business development.

As of July 31, 2020, Baocheng Industrial has a total market value of 18.597 billion yuan, a price-earnings ratio of 6.61 times, a net profit of 2.754 billion yuan in 2019, and a revenue of 72.903 billion yuan in 2019.The gross profit margin in 2019 is 25.39%, and the return on net assets in 2019 is 12.12%.

No. 47: Hongzhun (technical hardware and equipment) with a market value of RMB 18.223 billion

Huasheng Electronics Industry Co., Ltd. was established in 1990, and Hongzhun is positioned as a professional ODM manufacturer, with products covering 3C electronic product system assembly and electronic product institutions The manufacturing, processing, and sales of components, etc., provide customers with complete design capabilities, rapid manufacturing capabilities and efficient customer service. In terms of business strategy, develop strategic alliances with industry leaders. Through close cooperation with internationally renowned manufacturers, it is possible to accurately predict market trends, introduce new products, and develop relevant 3C information products with an experienced R&D team. To increase the added value and competitiveness of the company, strengthen the vertical integration of production processes, actively expand production capacity, strictly control product quality, and develop global operations research capabilities.

As of July 31, 2020, Hongzhun has a total market value of 18.223 billion yuan, a price-earnings ratio of 10.75 times, a net profit of 1.660 billion yuan in 2019, a revenue of 23.234 billion yuan in 2019, a gross profit margin of 9.97% in 2019, and a return on net assets in 2019 6.85%.