Chung Hwa Chemical Industrial Works 1727.TW · TWD
Materials · Taiwan Stock Exchange · 🇹🇼 Taiwan
81.10
+5.05%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 1.97bn
FY2016FY2025
Net income
TWD 5.1m
FY2016FY2025
Free cash flow
−TWD 458.2m
FY2016FY2025
Shareholders' equity
TWD 2.09bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 1.97bn | TWD 2.08bn | TWD 1.72bn | TWD 2.31bn | TWD 2.01bn | TWD 1.77bn | TWD 2.32bn | TWD 2.65bn | TWD 2.45bn | TWD 2.10bn |
| Gross profit | TWD 186.3m | TWD 270.5m | TWD 192.7m | TWD 281.9m | TWD 372.6m | TWD 193.7m | TWD 268.4m | TWD 343.1m | TWD 308.9m | TWD 310.4m |
| Research and development | TWD 20.4m | TWD 25.9m | TWD 24.2m | TWD 23.4m | TWD 28.4m | TWD 25.5m | TWD 42.9m | TWD 40.6m | TWD 28.9m | TWD 26.1m |
| Operating income | TWD 1.0m | TWD 77.2m | TWD 3.1m | TWD 71.7m | TWD 169.9m | TWD 28.3m | TWD 54.6m | TWD 118.9m | TWD 107.1m | TWD 98.3m |
| Net income | TWD 5.1m | TWD 63.1m | TWD 43.7m | TWD 46.9m | TWD 134.3m | TWD 16.6m | TWD 33.3m | TWD 98.9m | TWD 92.5m | TWD 97.5m |
| Diluted earnings per share | 0.04 | 0.51 | 0.29 | 0.43 | 1.25 | 0.15 | 0.30 | 0.89 | 0.85 | 0.90 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 3.51bn | TWD 3.04bn | TWD 2.85bn | TWD 2.85bn | TWD 2.59bn | TWD 2.30bn | TWD 2.52bn | TWD 2.61bn | TWD 2.62bn | TWD 2.40bn |
| Cash and short-term investments | TWD 126.4m | TWD 145.5m | TWD 209.1m | TWD 261.7m | TWD 202.4m | TWD 54.6m | TWD 47.8m | TWD 78.4m | TWD 50.9m | TWD 64.7m |
| Total liabilities | TWD 1.42bn | TWD 963.5m | TWD 1.01bn | TWD 1.28bn | TWD 1.11bn | TWD 1.03bn | TWD 1.05bn | TWD 1.09bn | TWD 1.13bn | TWD 944.3m |
| Debt | TWD 972.0m | TWD 529.4m | TWD 650.7m | TWD 807.1m | TWD 588.4m | TWD 644.5m | TWD 767.6m | TWD 724.9m | TWD 768.3m | TWD 628.8m |
| Shareholders' equity | TWD 2.09bn | TWD 2.07bn | TWD 1.84bn | TWD 1.57bn | TWD 1.47bn | TWD 1.27bn | TWD 1.46bn | TWD 1.50bn | TWD 1.47bn | TWD 1.45bn |
| Shares outstanding | 128m | 124m | 149m | 108m | 107m | 114m | 110m | 111m | 109m | 108m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 110.3m | TWD 351.6m | TWD 219.1m | TWD 338.1m | TWD 333.8m | TWD 422.7m | TWD 250.2m | TWD 348.9m | TWD 106.4m | TWD 133.3m |
| Capital spending | −TWD 568.6m | −TWD 438.1m | −TWD 292.2m | −TWD 476.0m | −TWD 207.3m | −TWD 254.5m | −TWD 262.0m | −TWD 285.3m | −TWD 192.6m | −TWD 228.0m |
| Free cash flow | −TWD 458.2m | −TWD 86.6m | −TWD 73.2m | −TWD 137.9m | TWD 126.5m | TWD 168.1m | −TWD 11.7m | TWD 63.6m | −TWD 86.2m | −TWD 94.7m |
| Dividends paid | −TWD 62.7m | −TWD 35.5m | −TWD 86.6m | −TWD 56.3m | −TWD 56.3m | −TWD 22.1m | −TWD 66.2m | −TWD 66.2m | −TWD 66.2m | −TWD 55.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 638.2m | TWD 519.3m | TWD 484.0m | TWD 514.9m | TWD 518.5m | TWD 451.8m | TWD 500.5m | TWD 590.9m |
| Gross profit | TWD 106.2m | TWD 85.9m | TWD 49.4m | TWD 53.1m | TWD 63.8m | TWD 41.8m | TWD 55.0m | TWD 89.9m |
| Operating income | TWD 60.3m | TWD 43.2m | −TWD 390,000 | TWD 2.9m | TWD 7.5m | −TWD 7.9m | TWD 711,000 | TWD 34.5m |
| Net income | TWD 48.8m | TWD 35.9m | TWD 1.5m | TWD 1.9m | TWD 8.1m | −TWD 6.5m | TWD 8.5m | TWD 27.8m |
| Diluted earnings per share | 0.38 | 0.28 | 0.01 | 0.02 | 0.06 | -0.05 | 0.07 | 0.22 |
| Cash from operations | — | TWD 37.0m | TWD 13.0m | TWD 76.0m | −TWD 35.0m | TWD 59.0m | TWD 176.0m | TWD 71.0m |
| Capital spending | −TWD 76.0m | −TWD 184.0m | −TWD 192.0m | −TWD 161.0m | −TWD 129.0m | −TWD 91.0m | −TWD 145.0m | −TWD 121.0m |
| Free cash flow | — | −TWD 147.0m | −TWD 179.0m | −TWD 85.0m | −TWD 164.0m | −TWD 32.0m | TWD 31.0m | −TWD 50.0m |
| Total assets | TWD 3.80bn | TWD 3.62bn | TWD 3.51bn | TWD 3.31bn | TWD 3.11bn | TWD 3.01bn | TWD 3.04bn | TWD 2.93bn |
| Cash and short-term investments | TWD 170.3m | TWD 149.6m | TWD 126.4m | TWD 144.7m | TWD 105.7m | TWD 160.8m | TWD 145.5m | TWD 122.8m |
| Debt | TWD 869.0m | TWD 1.13bn | TWD 978.1m | TWD 786.1m | TWD 675.7m | TWD 560.2m | TWD 526.3m | TWD 548.7m |
| Shareholders' equity | TWD 2.16bn | TWD 2.11bn | TWD 2.09bn | TWD 2.09bn | TWD 2.01bn | TWD 2.00bn | TWD 2.07bn | TWD 2.03bn |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 9.5% | 13.0% | 11.2% | 12.2% | 18.5% | 10.9% |
| Operating margin | 0.1% | 3.7% | 0.9% | 3.2% | 8.5% | 1.4% |
| Net margin | 0.3% | 3.0% | 2.5% | 2.0% | 6.7% | 0.9% |
| Return on equity | 0.2% | 3.0% | 2.4% | 3.0% | 9.1% | 1.3% |
| Return on assets | 0.1% | 2.1% | 1.5% | 1.6% | 5.2% | 0.7% |
| Free cash flow yield | 5.5% | 6.6% | 3.6% | 7.8% | 5.3% | 6.2% |
| Revenue growth | -5.5% | 20.8% | -25.3% | 14.6% | 13.5% | -23.4% |
| Earnings growth | -91.9% | 44.4% | -6.8% | -65.1% | 708.3% | -50.1% |
| Current ratio | 1.07x | 1.30x | 1.29x | 1.70x | 1.50x | 1.73x |
| Debt to equity | 0.46x | 0.25x | 0.35x | 0.51x | 0.40x | 0.51x |
| Equity ratio | 59.6% | 68.3% | 64.7% | 54.9% | 56.9% | 55.3% |
| Interest coverage | 1.36x | 36.52x | 2.72x | 9.44x | 36.99x | 4.13x |
| R&D as a share of sales | 1.0% | 1.2% | 1.4% | 1.0% | 1.4% | 1.4% |
| Buybacks as a share of market value | -2.6% | 16.2% | -37.2% | -1.1% | 5.8% | -3.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.1% | 2.1% | -1.1% |
| Operating income | -75.9% | -48.7% | -37.9% |
| Net income | -52.2% | -21.0% | -25.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 11.3% | 11.5% | 12.6% | 12.8% |
| Operating margin | 1.9% | 1.9% | 3.0% | 3.6% |
| Net margin | 1.7% | 2.0% | 2.6% | 3.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | — | 57.5 | 98.0 | 56.5 | 40.5 | 75.7 | 38.7 | 15.8 | 19.6 | 14.5 |
| Price to sales | 2.8 | 1.7 | 2.5 | 1.1 | 2.7 | 0.7 | 0.6 | 0.6 | 0.7 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 5 Aug 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.50 | 0.287 | 0.731 | 0.52 | 0.20 | 0.60 | 0.60 | 0.60 |
- 21-for-20 split · 11 Aug 2015
- 21-for-20 split · 6 Aug 2014
- 1.07-for-1 split · 7 Aug 2013
- 1.087-for-1 split · 10 Aug 2012
- 1.103-for-1 split · 2 Aug 2011
- 1.051-for-1 split · 3 Sept 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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