GBAF Logo
Global Banking & Finance Awards® 2026 Nominations open, free to enter Nominate now →
C

Chung Hwa Pulp 1905.TW · TWD

Materials · Taiwan Stock Exchange · 🇹🇼 Taiwan

Compare

11.55

+1.76%

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.

Popular Bitcoin Ethereum Nvidia Apple S&P 500 Gold EUR/USD US 10Y

At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 18.77bn

FY2016FY2025

Net income

−TWD 612.6m

FY2016FY2025

Free cash flow

−TWD 2.35bn

FY2016FY2025

Shareholders' equity

TWD 16.13bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 18.77bnTWD 20.77bnTWD 20.96bnTWD 23.65bnTWD 22.03bnTWD 18.62bnTWD 20.69bnTWD 24.03bnTWD 22.84bnTWD 22.00bn
Gross profitTWD 475.5mTWD 1.54bnTWD 1.09bnTWD 2.55bnTWD 2.40bnTWD 1.24bnTWD 1.22bnTWD 2.34bnTWD 2.39bnTWD 1.89bn
Research and developmentTWD 126.0mTWD 163.1mTWD 178.2mTWD 149.5mTWD 104.8mTWD 118.4mTWD 128.2mTWD 147.4mTWD 30.2mTWD 24.9m
Operating income−TWD 1.69bn−TWD 551.6m−TWD 858.1mTWD 690.4mTWD 505.4m−TWD 390.5m−TWD 383.8mTWD 643.2mTWD 871.7mTWD 385.1m
Net income−TWD 612.6m−TWD 252.1m−TWD 573.4mTWD 445.9mTWD 488.2m−TWD 201.8m−TWD 245.1mTWD 445.7mTWD 618.6mTWD 391.1m
Diluted earnings per share-0.56-0.23-0.530.410.45-0.19-0.220.400.560.35

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 40.44bnTWD 38.62bnTWD 35.43bnTWD 35.44bnTWD 33.97bnTWD 32.67bnTWD 31.10bnTWD 31.38bnTWD 30.27bnTWD 29.65bn
Cash and short-term investmentsTWD 5.31bnTWD 4.24bnTWD 3.46bnTWD 3.03bnTWD 2.41bnTWD 1.57bnTWD 1.83bnTWD 1.63bnTWD 2.43bnTWD 1.18bn
Total liabilitiesTWD 21.85bnTWD 20.43bnTWD 17.95bnTWD 17.34bnTWD 16.33bnTWD 15.68bnTWD 13.70bnTWD 13.31bnTWD 12.09bnTWD 11.59bn
DebtTWD 15.99bnTWD 14.43bnTWD 12.42bnTWD 11.64bnTWD 10.49bnTWD 9.36bnTWD 7.89bnTWD 7.24bnTWD 6.19bnTWD 5.79bn
Shareholders' equityTWD 16.13bnTWD 15.70bnTWD 15.17bnTWD 15.78bnTWD 15.47bnTWD 14.78bnTWD 15.12bnTWD 15.64bnTWD 15.78bnTWD 15.71bn
Shares outstanding1,103m1,087m1,087m1,087m1,087m1,087m1,103m1,103m1,104m1,103m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations−TWD 570.6m−TWD 385.4mTWD 320.2mTWD 482.1mTWD 498.3mTWD 268.6mTWD 820.6mTWD 583.7mTWD 1.90bnTWD 2.05bn
Capital spending−TWD 1.78bn−TWD 1.45bn−TWD 704.4m−TWD 976.7m−TWD 1.66bn−TWD 2.49bn−TWD 1.31bn−TWD 1.14bn−TWD 881.1m−TWD 1.67bn
Free cash flow−TWD 2.35bn−TWD 1.83bn−TWD 384.2m−TWD 494.7m−TWD 1.16bn−TWD 2.22bn−TWD 485.0m−TWD 554.2mTWD 1.02bnTWD 380.9m
Dividends paid——−TWD 326.1m−TWD 441.1m−TWD 441.1m−TWD 441.1m−TWD 386.0m−TWD 549.4m−TWD 387.9m−TWD 660.3m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 4.69bnTWD 4.39bnTWD 4.67bnTWD 4.53bnTWD 4.74bnTWD 4.83bnTWD 5.06bnTWD 5.02bn
Gross profitTWD 39.9mTWD 225.6mTWD 193.6m−TWD 86.7mTWD 233.6mTWD 152.5mTWD 237.8mTWD 505.0m
Operating income−TWD 468.2m−TWD 213.3m−TWD 449.7m−TWD 539.9m−TWD 274.5m−TWD 458.9m−TWD 272.3mTWD 126.5m
Net income−TWD 430.8m−TWD 176.5mTWD 320.7m−TWD 310.9m−TWD 279.5m−TWD 342.9m−TWD 186.9mTWD 72.3m
Diluted earnings per share-0.39-0.160.29-0.28-0.25-0.31-0.170.07
Cash from operations—TWD 415.0m−TWD 36.0m−TWD 292.0mTWD 570.0m−TWD 931.0m−TWD 171.0m−TWD 236.0m
Capital spending—−TWD 465.0m−TWD 342.0m−TWD 241.0m−TWD 883.0m−TWD 315.0m−TWD 554.0m−TWD 422.0m
Free cash flow—−TWD 50.0m−TWD 378.0m−TWD 533.0m−TWD 313.0m−TWD 1.25bn−TWD 725.0m−TWD 658.0m
Total assets—TWD 40.93bnTWD 40.44bnTWD 39.29bnTWD 38.25bnTWD 39.39bnTWD 38.62bnTWD 38.38bn
Cash and short-term investments—TWD 5.84bnTWD 5.31bnTWD 4.63bnTWD 4.20bnTWD 4.21bnTWD 4.24bnTWD 4.64bn
Debt—TWD 16.03bnTWD 15.99bnTWD 16.25bnTWD 15.62bnTWD 15.64bnTWD 14.39bnTWD 13.92bn
Shareholders' equity—TWD 16.31bnTWD 16.13bnTWD 15.02bnTWD 14.88bnTWD 15.63bnTWD 15.70bnTWD 15.99bn

Financial ratios

Data as of 2 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin2.5%7.4%5.2%10.8%10.9%6.7%
Operating margin-9.0%-2.7%-4.1%2.9%2.3%-2.1%
Net margin-3.3%-1.2%-2.7%1.9%2.2%-1.1%
Return on equity-3.8%-1.6%-3.8%2.8%3.2%-1.4%
Return on assets-1.5%-0.7%-1.6%1.3%1.4%-0.6%
Free cash flow yield8.5%7.6%7.3%10.4%15.5%19.7%
Revenue growth-9.6%-0.9%-11.4%7.3%18.3%-10.0%
Earnings growth143.0%-56.0%-228.6%-8.7%-341.9%-17.7%
Current ratio1.15x1.17x1.13x2.51x1.09x1.07x
Debt to equity0.99x0.92x0.82x0.74x0.68x0.63x
Equity ratio39.9%40.6%42.8%44.5%45.5%45.3%
Interest coverage-5.16x-1.97x-3.64x4.75x5.64x-4.08x
R&D as a share of sales0.7%0.8%0.9%0.6%0.5%0.6%
Buybacks as a share of market value-1.5%0.0%0.0%-0.0%-0.0%1.5%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-7.4%0.2%-1.1%
Operating income—34.1%—
Net income—24.9%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin5.1%6.7%7.5%8.2%
Operating margin-5.7%-2.9%-1.8%-0.0%
Net margin-2.2%-1.2%-0.6%0.5%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings-20.9-71.3-44.639.455.2-65.7-40.423.920.926.0
Price to sales0.70.91.20.71.20.70.50.40.60.5

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 20 Jul 2023.

FY2023FY2022FY2019FY2018FY2017FY2016FY2015FY2011
Paid in the year0.300.4060.350.500.350.601.1991.077
  • 1000-to-901.9 reverse split · 22 Oct 2015
  • 1.03-for-1 split · 25 Aug 2011
  • 21-for-20 split · 18 Aug 2004
  • 1.012-for-1 split · 19 Aug 2003
  • 1.07-for-1 split · 15 Aug 2001
  • 1.03-for-1 split · 14 Aug 2000

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.