I 
I-Hwa Industrial Co 1456.TW · TWD
Consumer Discretionary · Taiwan Stock Exchange · 🇹🇼 Taiwan
15.35
+0.33%
Close of 9 Nov 2026, in TWD
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 829.0m
FY2016FY2025
Net income
TWD 319.4m
FY2016FY2025
Free cash flow
−TWD 463.3m
FY2016FY2025
Shareholders' equity
TWD 1.94bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 829.0m | TWD 1.04bn | TWD 1.68bn | TWD 617.3m | TWD 2.36bn | TWD 716.5m | TWD 1.07bn | TWD 474.4m | TWD 1.01bn | TWD 976.1m |
| Gross profit | TWD 322.9m | TWD 353.4m | TWD 562.7m | TWD 174.4m | TWD 652.0m | TWD 126.5m | TWD 162.3m | TWD 104.1m | TWD 151.7m | TWD 178.4m |
| Operating income | TWD 648.5m | TWD 483.2m | TWD 379.7m | TWD 133.9m | TWD 588.8m | TWD 154.2m | TWD 85.9m | TWD 92.7m | TWD 62.1m | TWD 99.0m |
| Net income | TWD 319.4m | TWD 103.6m | TWD 5.1m | −TWD 75.5m | TWD 454.4m | TWD 68.1m | TWD 25.7m | TWD 12.4m | TWD 38.5m | TWD 47.2m |
| Diluted earnings per share | 3.41 | 1.11 | 0.05 | -0.81 | 4.85 | 0.74 | 0.26 | 0.12 | 0.42 | 0.44 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 13.28bn | TWD 12.60bn | TWD 11.95bn | TWD 10.82bn | TWD 7.13bn | TWD 6.71bn | TWD 5.11bn | TWD 5.04bn | TWD 4.66bn | TWD 4.54bn |
| Cash and short-term investments | TWD 157.5m | TWD 341.6m | TWD 137.0m | TWD 214.9m | TWD 314.9m | TWD 103.3m | TWD 133.7m | TWD 91.7m | TWD 29.3m | TWD 14.8m |
| Total liabilities | TWD 11.34bn | TWD 10.98bn | TWD 10.41bn | TWD 9.30bn | TWD 5.38bn | TWD 5.42bn | TWD 3.89bn | TWD 3.87bn | TWD 3.48bn | TWD 3.42bn |
| Debt | TWD 10.46bn | TWD 10.03bn | TWD 9.92bn | TWD 8.78bn | TWD 5.07bn | TWD 4.93bn | TWD 3.43bn | TWD 3.49bn | TWD 3.15bn | TWD 3.02bn |
| Shareholders' equity | TWD 1.94bn | TWD 1.62bn | TWD 1.53bn | TWD 1.53bn | TWD 1.74bn | TWD 1.29bn | TWD 1.22bn | TWD 1.17bn | TWD 1.18bn | TWD 1.13bn |
| Shares outstanding | 94m | 94m | 94m | 94m | 94m | 92m | 101m | 101m | 91m | 107m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 460.2m | −TWD 423.0m | −TWD 962.7m | −TWD 3.68bn | TWD 180.8m | −TWD 1.37bn | TWD 61.6m | −TWD 285.7m | −TWD 110.2m | −TWD 152.0m |
| Capital spending | −TWD 3.1m | −TWD 133,000 | −TWD 12.0m | −TWD 4.1m | −TWD 8.7m | −TWD 24.3m | −TWD 6.2m | −TWD 4.5m | −TWD 90,000 | −TWD 1.6m |
| Free cash flow | −TWD 463.3m | −TWD 423.1m | −TWD 974.7m | −TWD 3.68bn | TWD 172.1m | −TWD 1.39bn | TWD 55.4m | −TWD 290.2m | −TWD 110.3m | −TWD 153.6m |
| Dividends paid | — | −TWD 18.7m | — | −TWD 140.6m | −TWD 140.6m | −TWD 140.6m | −TWD 140.6m | — | −TWD 5.8m | −TWD 5.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 148.6m | TWD 218.9m | TWD 207.4m | TWD 161.4m | TWD 296.4m | TWD 163.8m | TWD 198.8m | TWD 304.9m |
| Gross profit | TWD 67.6m | TWD 86.9m | TWD 96.9m | TWD 62.9m | TWD 97.2m | TWD 64.6m | TWD 73.0m | TWD 100.3m |
| Operating income | TWD 45.9m | TWD 54.7m | TWD 514.6m | TWD 37.1m | TWD 62.6m | TWD 32.1m | TWD 313.0m | TWD 62.9m |
| Net income | −TWD 59.7m | −TWD 40.7m | TWD 403.8m | −TWD 32.1m | −TWD 7.5m | −TWD 44.9m | TWD 203.5m | −TWD 15.2m |
| Diluted earnings per share | -0.64 | -0.43 | 4.31 | -0.34 | -0.08 | -0.48 | 2.17 | -0.16 |
| Cash from operations | −TWD 76.0m | −TWD 87.0m | −TWD 63.0m | −TWD 152.0m | −TWD 25.0m | −TWD 228.0m | −TWD 80.0m | −TWD 114.0m |
| Capital spending | — | — | — | — | — | −TWD 3.0m | — | −TWD 49.0m |
| Free cash flow | — | — | — | — | — | −TWD 231.0m | — | −TWD 163.0m |
| Total assets | TWD 13.51bn | TWD 13.35bn | TWD 13.28bn | TWD 12.63bn | TWD 12.70bn | TWD 12.77bn | TWD 12.60bn | TWD 12.18bn |
| Cash and short-term investments | TWD 86.9m | TWD 29.9m | TWD 157.5m | TWD 142.6m | TWD 307.9m | TWD 491.7m | TWD 341.6m | TWD 361.8m |
| Debt | TWD 10.71bn | TWD 10.44bn | TWD 10.46bn | TWD 10.38bn | TWD 10.35bn | TWD 10.50bn | TWD 10.02bn | TWD 9.97bn |
| Shareholders' equity | TWD 1.84bn | TWD 1.90bn | TWD 1.94bn | TWD 1.53bn | TWD 1.56bn | TWD 1.57bn | TWD 1.62bn | TWD 1.41bn |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 38.9% | 33.9% | 33.4% | 28.3% | 27.6% | 17.7% | — | — | — | — | — | — |
| Operating margin | 78.5% | 44.3% | 22.5% | 23.0% | 25.1% | 21.5% | — | — | — | — | — | — |
| Net margin | 38.5% | 9.9% | 0.3% | -12.2% | 19.2% | 9.5% | — | — | — | — | — | — |
| Return on equity | 16.5% | 6.4% | 0.3% | -4.9% | 26.1% | 5.3% | — | — | — | — | — | — |
| Return on assets | 2.4% | 0.8% | 0.0% | -0.7% | 6.4% | 1.0% | — | — | — | — | — | — |
| Free cash flow yield | -31.5% | -29.1% | -65.4% | -252.9% | 13.0% | -94.8% | — | — | — | — | — | — |
| Revenue growth | -20.5% | -38.1% | 173.0% | -73.9% | 229.9% | -32.9% | — | — | — | — | — | — |
| Earnings growth | 208.3% | 1937.6% | -106.7% | -116.6% | 567.7% | 165.2% | — | — | — | — | — | — |
| Current ratio | 1.22x | 1.23x | 1.23x | 1.21x | 1.52x | 1.46x | — | — | — | — | — | — |
| Debt to equity | 5.40x | 6.20x | 6.47x | 5.75x | 2.91x | 3.82x | — | — | — | — | — | — |
| Equity ratio | 14.6% | 12.8% | 12.8% | 14.1% | 24.5% | 19.2% | — | — | — | — | — | — |
| Interest coverage | 2.25x | 1.40x | 1.05x | 0.68x | 4.45x | 1.83x | — | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.7% | 0.3% | 0.2% | 0.1% | 0.1% | 0.0% |
| Buybacks as a share of market value | 0.1% | -0.0% | 0.0% | 0.0% | -2.4% | 8.9% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.3% | 3.0% | 3.9% |
| Operating income | 69.2% | 33.3% | 53.3% |
| Net income | — | 36.2% | 10.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 36.1% | 33.9% | 30.2% | 25.3% |
| Operating margin | 60.5% | 39.4% | 32.9% | 24.1% |
| Net margin | 22.6% | 8.4% | 12.1% | 9.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 3.9 | 13.9 | 310.6 | -19.1 | 4.5 | 21.9 | 46.6 | 54.8 | 24.6 | 19.3 |
| Price to sales | 1.5 | 1.4 | 0.9 | 2.3 | 0.9 | 2.1 | 1.1 | 1.4 | 0.9 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Jul 2024.
| FY2024 | FY2022 | |
|---|---|---|
| Paid in the year | 0.20 | 1.50 |
- 1000-to-440 reverse split · 2 Feb 2016
- 1000-to-400 reverse split · 31 Dec 2013
- 100-to-74.8918 reverse split · 7 Nov 2008
- 100-to-77 reverse split · 14 Apr 2005
- 100-to-75 reverse split · 8 Oct 2002
- 21-for-20 split · 23 Jul 1996
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.