Fu Shou Yuan

Fu Shou Yuan

Postby winston » Wed Dec 11, 2013 8:21 am

Today, let's focus on listing candidate Fu Shou Yuan International Group, one of the largest death-care services providers in the mainland.

The firm began operating a cemetery in Shanghai in 1994. For the six months to June 30, 2013, revenues hit 306.7 million yuan (HK$391.7 million), with net profit of 118.1 million yuan.

The group operates in eight major cities in the mainland. China recorded 9.7 million deaths in 2012, and the average spending per cremation was 10,079 yuan.

The IPO price is to be set between HK$2.20 and HK$3.40 per share.

Fu Shou Yuan will issue 500 million shares, with retail applications for the float ending tomorrow at noon. If you are allocated 1,000 shares, you can make enough profit to enjoy an elegant dinner.

Source: Dr Check, The Standard HK
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Re: Fu Shou Yuan

Postby winston » Wed Dec 11, 2013 8:22 am

Fu Shou Yuan International Group remains the most popular IPO among nine firms that opened their retail books.

The funeral service provider attracted HK$38.5 billion in margin orders from 10 local brokers, with its retail tranche oversubscribed by 230 times.
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Re: Fu Shou Yuan

Postby winston » Mon Aug 15, 2016 11:39 am

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<Result Ann>FU SHOU YUAN(01448.HK) Interim Net Profit Up 12.03%; Interim Div HK2.57 Cents

FU SHOU YUAN (01448.HK) announced that for the interim period as of the end of June, net profit rose 12.03% yearly to RMB178 million.

EPS equaled 8.5 fen; an interim dividend of HK2.57 cents was declared.

Source: AAStocks Financial News
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Re: Fu Shou Yuan

Postby winston » Mon Aug 15, 2016 11:40 am

July 26, 2016

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<Research Report>JPM Rates FU SHOU YUAN (01448.HK) at Overweight with Target Cut to $6.8

JP Morgan, in its report, projected FU SHOU YUAN (01448.HK) to keep implementing conservative sales strategy and dispose off cemetery plots slowly.

Target price was cut to $6.8 from $7.6 to reflect lower-than-expected profit growth with rating kept Overweight.

The broker lowered the FY2016 sales and profit forecasts by 10% and 11%.

However, the FY2016 and FY2017 profit forecasts after revision were still above the market consensus by 4% and 2%.

Source: AAStocks Financial News
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Re: Fu Shou Yuan

Postby winston » Tue Aug 16, 2016 7:49 am

Passing on profits

by Carrie Chen

Fu Shou Yuan International (1448), the mainland's largest death-care services provider, said its environmental friendly crematorium will start operations in the second half of the year.

The facility passed an authoritative environmental assessment in June, said chief executive Wang Ji-sheng.

First-half net profit jumped 12 percent to 177.9 million yuan (HK$207.9 million).

An interim dividend of 2.57 HK cents per share was recommended.

Total revenue rose 9.2 percent to 642 million yuan for the six months ended June 30.

Gross profit soared 10.3 percent to 506 million, while gross profit margin hit 78.9 percent.

Deputy general manager Zhao Yu said annual deaths in the mainland have reached 10 million, representing a potential income of about 200 billion yuan.

Source: The Standard
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Re: Fu Shou Yuan

Postby winston » Tue Mar 21, 2017 8:08 am

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China’s largest funeral service provider reports surge in business amid ageing population

Fu Shou Yuan International eyeing more PPP agreements with Chinese local governments to grab further market share in fast-growing sector

The Hong Kong-listed company’s net profit reached 448.5 million yuan in 2016, its revenue rose 14.4 per cent jump to 1.3 billion yuan, and its attributable profit also saw a 19 per cent rise, to 339 million yuan.


With China’s over 60s population set to pass 300 million by 2050, the market of traditional cemetery
management is forecast to grow 35 per cent annually, from 110.8 billion yuan in 2015 to 505.4 billion yuan in 2020 according to China Merchants Securities.


Funeral services, which includes eco-friendly burial methods as well as some traditional services, will surpass 200 billion yuan by 2020 also according to the mainland brokerage.


Fu Shou Yuan operates in 16 Chinese cities in ten provinces, and reached major agreements last year with three local governments – in the Southwestern city of Chongqing, Shandong and Anhui province – through the Public-Private Partnership model


Source: SCMP

http://www.scmp.com/business/companies/ ... e-business
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Re: Fu Shou Yuan

Postby winston » Mon Apr 03, 2017 6:08 pm

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Preparing for tomorrow: Fu Shou Yuan launches prepay services

The trial sales arrangement includes three types of contracts costing 6,000 yuan (US$870), 8,000 yuan and 12,000 yuan.


Fu Shou Yuan, which operates in 16 Chinese cities, reported 2016 net profit of 448.5 million yuan, up 23 per cent from a year earlier.


Aside from the sale of burial sites, the company is seeking to diversify into the cemetery management and funeral service segments, even though they are less profitable.


China is expected to have more than 300 million residents aged 60 or older by 2050, putting additional strain on available grave sites.


China Merchants Securities forecast that the market size for China’s funeral services could hit 200 billion yuan by 2020.


Source: SCMP

http://www.scmp.com/business/companies/ ... y-packages
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Re: Fu Shou Yuan

Postby winston » Tue Jun 16, 2020 1:21 pm

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FU SHOU YUAN(1448)

Analysis:

Fu Shou Yuan International Group (1448) is principally engaged in the sale of burial plots, provision of funeral services and cemetery maintenance services.

The Group continues to proactively expand its business presence.

As of December 31, 2019, it had 24 cemeteries in operation (including 2 managed cemeteries), and 4 cemeteries under preparation or construction.

Separately, it had 26 funeral facilities in operation and 2 funeral parlors under construction.

Currently, it has established footprint in over 30 cities spanning over 16 provinces, autonomies and municipalities, inclu ding Shanghai, Henan, Chongqing, Anhui, Shandong, Liaoning, Jilin, Fujian, Zhejiang, Jiangxi, Jiangsu, Guangxi, Beijing, Guizhou, Inner Mongolia and Hubei.

The saleable area for burial plots was approximately 2.30 million sq.m. as at December 31, 2019, which was sufficient to satisfy the needs of the Group`s sustainable operation in the long run. (I do not hold the above stock)

Strategy:
Buy-in Price: $7.15, Target Price: $8.00, Cut Loss Price: $6.70

Source: Phillips
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Re: Fu Shou Yuan

Postby winston » Thu Mar 23, 2023 8:46 pm

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Fu Shou Yuan(1448)

Analysis:

Fu Shou Yuan (1448) has entered over 40 cities in 19 provinces, autonomous regions and municipalities in the PRC.

It continues to expand its presence into key regions and key cities, seeking replicable models for rapid development by means of mergers and acquisitions of high-quality development as well as innovative drivers of mixed reform projects and cooperative projects.

In the context of an aging society, pre-need contract services attract more customers wishing to make their after-death arrangements earlier.

As an important strategic pivot of the Group, pre-need contract services help the Group to lock in customers earlier and bring a stable customer base to the funeral and cemetery segments.

Although the resurgence of the Pandemic has brought various challenges to the pre-need contract business, it still reached a new high with a total of 16,759 signed contracts in 2022, representing an increase of 21.8% over 2021.

The number of people aged 60 and above reached 280 million at the end of 2022, accounting for 19.8% of the total population.

During the 14th Five-Year Plan period, the population born in the second birth peak in the 1960s successively entered old age, resulting in a sharp increase in China`s aging population which will continuously give rise to a massive demand for death care services in the market.

Strategy:
Buy-in Price: $6.30,Target price: $7.30,Cut Loss Price: $5.90

Source: Phillips
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