N
Nien Hsing Textile Co 1451.TW · TWD
Consumer Discretionary · Taiwan Stock Exchange · 🇹🇼 Taiwan
16.80
+0.90%
Close of 5 Nov 2026, in TWD
At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 6.26bn
FY2016FY2025
Net income
TWD 349.1m
FY2016FY2025
Free cash flow
−TWD 25.8m
FY2016FY2025
Shareholders' equity
TWD 7.37bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 6.26bn | TWD 6.42bn | TWD 6.36bn | TWD 8.70bn | TWD 8.01bn | TWD 7.02bn | TWD 8.57bn | TWD 8.80bn | TWD 9.04bn | TWD 13.01bn |
| Gross profit | TWD 675.0m | TWD 697.2m | −TWD 11.2m | TWD 807.0m | TWD 673.2m | TWD 204.7m | TWD 438.0m | TWD 861.3m | TWD 636.7m | TWD 1.60bn |
| Research and development | — | TWD 586,000 | TWD 13.8m | TWD 16.7m | TWD 18.9m | TWD 26.0m | TWD 25.3m | TWD 21.1m | TWD 26.4m | TWD 39.3m |
| Operating income | TWD 72.4m | TWD 114.9m | −TWD 449.9m | TWD 549.7m | TWD 249.7m | −TWD 521.1m | −TWD 83.7m | TWD 298.0m | TWD 355.0m | TWD 932.4m |
| Net income | TWD 349.1m | TWD 242.2m | −TWD 362.9m | TWD 426.5m | TWD 242.7m | −TWD 423.1m | −TWD 69.8m | TWD 401.4m | TWD 281.5m | TWD 732.7m |
| Diluted earnings per share | 1.75 | 1.22 | -1.83 | 2.15 | 1.24 | -2.06 | -0.34 | 2.02 | 1.38 | 3.66 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 8.69bn | TWD 8.42bn | TWD 8.04bn | TWD 9.17bn | TWD 9.05bn | TWD 9.05bn | TWD 9.35bn | TWD 10.06bn | TWD 10.75bn | TWD 13.15bn |
| Cash and short-term investments | TWD 1.33bn | TWD 2.11bn | TWD 1.60bn | TWD 1.61bn | TWD 1.55bn | TWD 1.14bn | TWD 1.19bn | TWD 1.58bn | TWD 2.80bn | TWD 2.14bn |
| Total liabilities | TWD 1.33bn | TWD 1.30bn | TWD 1.13bn | TWD 1.56bn | TWD 1.62bn | TWD 1.78bn | TWD 2.15bn | TWD 2.40bn | TWD 3.50bn | TWD 3.23bn |
| Debt | TWD 224.9m | TWD 234.3m | TWD 52.0m | TWD 258.2m | TWD 374.0m | TWD 429.3m | TWD 709.1m | TWD 695.9m | TWD 1.87bn | TWD 1.22bn |
| Shareholders' equity | TWD 7.37bn | TWD 7.13bn | TWD 6.91bn | TWD 7.60bn | TWD 7.43bn | TWD 7.27bn | TWD 7.20bn | TWD 7.66bn | TWD 7.25bn | TWD 9.86bn |
| Shares outstanding | 200m | 198m | 198m | 198m | 196m | 205m | 206m | 199m | 204m | 200m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 47.9m | TWD 208.4m | TWD 579.6m | TWD 190.9m | TWD 456.7m | TWD 39.4m | −TWD 11.7m | TWD 72.3m | TWD 533.8m | TWD 1.76bn |
| Capital spending | −TWD 73.7m | −TWD 46.0m | −TWD 192.5m | −TWD 114.4m | −TWD 110.1m | −TWD 97.2m | −TWD 392.8m | −TWD 518.8m | −TWD 443.4m | −TWD 445.8m |
| Free cash flow | −TWD 25.8m | TWD 162.4m | TWD 387.1m | TWD 76.6m | TWD 346.6m | −TWD 57.8m | −TWD 404.6m | −TWD 446.5m | TWD 90.4m | TWD 1.32bn |
| Dividends paid | −TWD 198.0m | −TWD 103.1m | −TWD 412.9m | −TWD 207.0m | −TWD 118.8m | −TWD 118.8m | −TWD 396.0m | −TWD 297.0m | −TWD 600.0m | −TWD 600.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 1.68bn | TWD 1.53bn | TWD 1.57bn | TWD 1.56bn | TWD 1.78bn | TWD 1.35bn | TWD 1.47bn | TWD 1.63bn |
| Gross profit | TWD 197.2m | TWD 240.3m | TWD 207.9m | TWD 165.1m | TWD 169.0m | TWD 168.1m | TWD 174.0m | TWD 226.4m |
| Operating income | TWD 19.5m | TWD 80.4m | TWD 41.6m | TWD 15.2m | TWD 23.4m | TWD 20.0m | TWD 36.4m | TWD 78.1m |
| Net income | TWD 36.6m | TWD 92.3m | TWD 62.4m | TWD 108.5m | −TWD 87.8m | TWD 266.0m | TWD 62.7m | TWD 86.2m |
| Diluted earnings per share | 0.18 | 0.46 | 0.31 | 0.54 | -0.44 | 1.33 | 0.32 | 0.44 |
| Cash from operations | −TWD 159.0m | TWD 184.0m | TWD 184.0m | TWD 158.0m | −TWD 249.0m | −TWD 79.0m | TWD 79.0m | TWD 124.0m |
| Capital spending | −TWD 12.0m | −TWD 3.0m | −TWD 4.0m | −TWD 13.0m | −TWD 20.0m | −TWD 34.0m | −TWD 17.0m | −TWD 8.0m |
| Free cash flow | −TWD 171.0m | TWD 181.0m | TWD 180.0m | TWD 145.0m | −TWD 269.0m | −TWD 113.0m | TWD 62.0m | TWD 116.0m |
| Total assets | TWD 8.87bn | TWD 8.79bn | TWD 8.69bn | TWD 8.45bn | TWD 8.07bn | TWD 8.66bn | TWD 8.42bn | TWD 8.38bn |
| Cash and short-term investments | TWD 1.29bn | TWD 1.39bn | TWD 1.33bn | TWD 1.14bn | TWD 829.2m | TWD 1.73bn | TWD 2.11bn | TWD 2.10bn |
| Debt | TWD 167.9m | TWD 131.1m | TWD 194.2m | TWD 97.1m | TWD 135.1m | TWD 270.1m | TWD 199.9m | TWD 130.5m |
| Shareholders' equity | TWD 7.40bn | TWD 7.34bn | TWD 7.37bn | TWD 7.24bn | TWD 6.96bn | TWD 7.17bn | TWD 7.13bn | TWD 7.16bn |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 10.8% | 10.9% | -0.2% | 9.3% | 8.4% | 2.9% |
| Operating margin | 1.2% | 5.1% | -6.2% | 6.2% | 3.1% | -7.4% |
| Net margin | 5.6% | 3.8% | -5.7% | 4.9% | 3.0% | -6.0% |
| Return on equity | 4.7% | 3.4% | -5.3% | 5.6% | 3.3% | -5.8% |
| Return on assets | 4.0% | 2.9% | -4.5% | 4.7% | 2.7% | -4.7% |
| Free cash flow yield | 1.4% | 6.2% | 17.2% | 5.7% | 13.7% | 1.1% |
| Revenue growth | -2.5% | 1.0% | -26.9% | 8.5% | 14.1% | -18.1% |
| Earnings growth | 44.1% | -166.7% | -185.1% | 75.7% | -157.4% | 506.2% |
| Current ratio | 5.56x | 6.05x | 6.79x | 5.62x | 5.96x | 4.51x |
| Debt to equity | 0.03x | 0.03x | 0.00x | 0.03x | 0.05x | 0.05x |
| Equity ratio | 84.7% | 84.6% | 86.0% | 83.0% | 82.1% | 80.4% |
| Interest coverage | 9.41x | 42.53x | -63.31x | 43.11x | 64.26x | -85.72x |
| R&D as a share of sales | 0.0% | 0.0% | 0.2% | 0.2% | 0.2% | 0.4% |
| Buybacks as a share of market value | -1.0% | 0.0% | 0.0% | -0.8% | 4.3% | 0.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.4% | -2.3% | -6.9% |
| Operating income | -49.1% | — | -21.8% |
| Net income | -6.5% | — | -6.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.8% | 7.8% | 7.1% | 8.4% |
| Operating margin | 1.5% | 1.0% | 0.0% | 2.5% |
| Net margin | 4.7% | 2.4% | 1.1% | 2.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.9 | 16.0 | -10.3 | 9.7 | 17.0 | -8.4 | -62.0 | 12.8 | 20.1 | 10.5 |
| Price to sales | 0.6 | 0.6 | 0.6 | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 17 Apr 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.00 | 0.502 | 2.00 | 1.00 | 0.60 | 2.00 | 1.50 | 3.132 |
- 1000-to-495 reverse split · 11 Oct 2017
- 1000-to-923.521 reverse split · 7 Aug 2013
- 1000-to-900 reverse split · 8 Aug 2012
- 1000-to-875 reverse split · 8 Aug 2011
- 1000-to-931.188 reverse split · 24 Aug 2010
- 6-for-5 split · 12 Jul 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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