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Hocheng 1810.TW · TWD

Industrials · Taiwan Stock Exchange · 🇹🇼 Taiwan

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20.60

+4.30%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 4.56bn

FY2016FY2025

Net income

TWD 14.3m

FY2016FY2025

Free cash flow

TWD 355.0m

FY2016FY2025

Shareholders' equity

TWD 6.87bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 4.56bnTWD 4.86bnTWD 4.87bnTWD 5.00bnTWD 5.31bnTWD 5.10bnTWD 5.53bnTWD 5.47bnTWD 5.71bnTWD 5.92bn
Gross profitTWD 1.18bnTWD 1.21bnTWD 1.20bnTWD 1.31bnTWD 1.36bnTWD 1.25bnTWD 1.39bnTWD 1.30bnTWD 1.54bnTWD 1.50bn
Research and developmentTWD 88.8mTWD 99.7mTWD 109.1mTWD 111.1mTWD 131.2mTWD 136.0mTWD 149.1mTWD 151.3mTWD 147.9mTWD 159.7m
Operating incomeTWD 58.3mTWD 125.3mTWD 118.6mTWD 318.1mTWD 2.03bnTWD 200.0mTWD 175.9mTWD 5.5mTWD 222.0mTWD 432.6m
Net incomeTWD 14.3mTWD 58.4mTWD 19.3mTWD 157.3mTWD 1.75bnTWD 86.8mTWD 35.9m−TWD 65.5mTWD 168.0mTWD 296.6m
Diluted earnings per share0.050.190.060.525.810.290.12-0.240.540.98

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 10.37bnTWD 10.44bnTWD 10.59bnTWD 9.86bnTWD 11.47bnTWD 10.74bnTWD 10.91bnTWD 10.79bnTWD 11.21bnTWD 11.54bn
Cash and short-term investmentsTWD 803.4mTWD 1.40bnTWD 1.52bnTWD 983.7mTWD 2.44bnTWD 1.31bnTWD 1.08bnTWD 1.19bnTWD 1.52bnTWD 1.46bn
Total liabilitiesTWD 3.43bnTWD 3.54bnTWD 3.87bnTWD 3.36bnTWD 4.11bnTWD 4.79bnTWD 5.21bnTWD 5.24bnTWD 5.37bnTWD 5.83bn
DebtTWD 745.2mTWD 875.6mTWD 1.09bnTWD 1.71bnTWD 2.32bnTWD 2.65bnTWD 3.46bnTWD 3.38bnTWD 3.48bnTWD 3.74bn
Shareholders' equityTWD 6.87bnTWD 6.84bnTWD 6.67bnTWD 6.45bnTWD 7.26bnTWD 5.89bnTWD 5.64bnTWD 5.46bnTWD 5.75bnTWD 5.61bn
Shares outstanding273m311m302m302m301m302m304m273m311m303m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 448.1m−TWD 180.8mTWD 1.26bnTWD 105.1mTWD 204.7mTWD 647.5mTWD 328.7mTWD 199.6mTWD 394.6m−TWD 315.5m
Capital spending−TWD 93.1m−TWD 118.6m−TWD 109.2m−TWD 249.1m−TWD 87.9m−TWD 100.2m−TWD 269.1m−TWD 303.1m−TWD 238.4m−TWD 191.9m
Free cash flowTWD 355.0m−TWD 299.5mTWD 1.15bn−TWD 144.0mTWD 116.8mTWD 547.3mTWD 59.6m−TWD 103.5mTWD 156.1m−TWD 507.4m
Dividends paid−TWD 57.4m−TWD 60.5m−TWD 60.5m−TWD 73.6m−TWD 74.0m−TWD 88,000−TWD 74.1m−TWD 111.1m−TWD 143,000−TWD 74.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 1.15bnTWD 1.03bnTWD 1.12bnTWD 1.06bnTWD 1.25bnTWD 1.13bnTWD 1.30bnTWD 1.16bn
Gross profitTWD 291.3mTWD 179.6mTWD 292.5mTWD 273.7mTWD 333.3mTWD 276.8mTWD 320.8mTWD 302.5m
Operating income−TWD 27.8m−TWD 198.0mTWD 20.2mTWD 19.2mTWD 53.2m−TWD 32.2mTWD 2.8mTWD 6.4m
Net income−TWD 6.3mTWD 1.09bnTWD 3.4mTWD 10.5mTWD 29.0m−TWD 28.6mTWD 2.0mTWD 48.2m
Diluted earnings per share-0.023.270.010.040.11-0.100.010.15
Cash from operations−TWD 12.0m−TWD 65.0mTWD 122.0mTWD 195.0m−TWD 64.0mTWD 189.0mTWD 33.0m−TWD 7.0m
Capital spending−TWD 31.0m−TWD 16.0m−TWD 29.0m−TWD 15.0m−TWD 33.0m−TWD 15.0m−TWD 22.0m−TWD 21.0m
Free cash flow−TWD 43.0m−TWD 81.0mTWD 93.0mTWD 180.0m−TWD 97.0mTWD 174.0mTWD 11.0m−TWD 28.0m
Total assetsTWD 10.76bnTWD 10.19bnTWD 10.37bnTWD 10.22bnTWD 10.22bnTWD 10.45bnTWD 10.44bnTWD 10.41bn
Cash and short-term investmentsTWD 996.6mTWD 987.7mTWD 803.4mTWD 1.39bnTWD 1.34bnTWD 1.44bnTWD 1.40bnTWD 1.46bn
DebtTWD 364.3mTWD 710.4mTWD 748.0mTWD 788.5mTWD 858.6mTWD 891.0mTWD 895.0mTWD 954.7m
Shareholders' equityTWD 8.54bnTWD 8.05bnTWD 6.87bnTWD 6.77bnTWD 6.62bnTWD 6.78bnTWD 6.84bnTWD 6.76bn

Financial ratios

Data as of 15 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin25.8%24.9%24.6%26.1%25.5%24.6%
Operating margin-1.1%2.6%2.4%6.0%38.5%4.0%
Net margin0.3%1.2%0.4%3.1%32.9%1.7%
Return on equity0.2%0.9%0.3%2.4%24.1%1.5%
Return on assets0.1%0.6%0.2%1.6%15.2%0.8%
Free cash flow yield8.6%-0.9%19.6%5.1%4.2%10.7%
Revenue growth-6.2%-0.3%-2.7%-5.8%4.1%-7.7%
Earnings growth-75.5%201.9%-87.7%-91.0%1911.6%141.5%
Current ratio1.58x1.67x1.39x1.71x1.79x1.33x
Debt to equity0.11x0.13x0.16x0.26x0.31x0.44x
Equity ratio66.2%65.5%63.0%65.4%63.2%54.8%
Interest coverage-1.96x4.27x2.28x5.94x37.22x2.81x
R&D as a share of sales1.9%2.1%2.2%2.2%2.5%2.7%
Buybacks as a share of market value12.4%-3.1%-0.0%-0.4%0.4%0.7%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-3.1%-2.2%-2.7%
Operating income-43.2%-21.9%-9.8%
Net income-55.0%-30.3%-19.6%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin25.4%25.4%25.3%25.6%
Operating margin1.9%3.2%9.6%6.6%
Net margin0.8%1.3%7.0%4.5%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings334.992.2283.335.53.743.385.8-39.722.311.7
Price to sales1.11.11.11.11.20.70.60.50.70.6

Dividends and splits

Per share, in the currency the company pays

Paid for 5 years. Last went ex-dividend on 2 Jul 2025.

FY2025FY2024FY2023FY2022FY2021FY2019FY2018FY2016
Paid in the year0.190.200.205.1160.2440.2440.3660.244
  • 1000-to-820 reverse split · 21 Oct 2022
  • 100-to-90 reverse split · 10 Mar 2008
  • 21-for-20 split · 29 Jul 1997
  • 1.15-for-1 split · 18 Jul 1996
  • 5-for-4 split · 4 Jul 1995
  • 7-for-5 split · 25 Jul 1994

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.