H 
Hung Ching Development & Construction Co 2527.TW · TWD
Real Estate · Taiwan Stock Exchange · 🇹🇼 Taiwan
41.90
+7.57%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Net income
TWD 244.7m
FY2016FY2025
Free cash flow
−TWD 983.8m
FY2016FY2025
Shareholders' equity
TWD 17.15bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating income | TWD 17.7m | TWD 1.62bn | TWD 358.5m | TWD 493.1m | TWD 1.88bn | TWD 512.4m | TWD 991.4m | TWD 578.9m | TWD 74.1m | TWD 51.1m |
| Net income | TWD 244.7m | TWD 1.27bn | TWD 580.0m | TWD 305.1m | TWD 1.62bn | TWD 391.2m | TWD 742.1m | TWD 418.7m | TWD 34.0m | TWD 63.9m |
| Diluted earnings per share | 0.98 | 4.83 | 2.22 | 1.17 | 6.27 | 1.50 | 2.84 | 1.60 | 0.13 | 0.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 32.98bn | TWD 27.33bn | TWD 27.99bn | TWD 19.77bn | TWD 17.97bn | TWD 17.06bn | TWD 17.99bn | TWD 20.55bn | TWD 21.62bn | TWD 18.81bn |
| Cash and short-term investments | TWD 1.38bn | TWD 1.34bn | TWD 601.6m | TWD 308.4m | TWD 409.9m | TWD 590.6m | TWD 287.2m | TWD 337.0m | TWD 157.0m | TWD 135.4m |
| Total liabilities | TWD 15.46bn | TWD 13.47bn | TWD 16.17bn | TWD 10.17bn | TWD 7.32bn | TWD 8.75bn | TWD 9.51bn | TWD 13.58bn | TWD 13.98bn | TWD 11.42bn |
| Debt | TWD 13.56bn | TWD 12.29bn | TWD 15.04bn | TWD 9.26bn | TWD 6.23bn | TWD 7.18bn | TWD 8.00bn | TWD 11.77bn | TWD 12.98bn | TWD 10.42bn |
| Shareholders' equity | TWD 17.15bn | TWD 13.48bn | TWD 11.42bn | TWD 9.27bn | TWD 10.31bn | TWD 7.94bn | TWD 8.10bn | TWD 6.58bn | TWD 7.23bn | TWD 6.96bn |
| Shares outstanding | 249m | 263m | 262m | 262m | 258m | 261m | 261m | 262m | 259m | 261m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 977.5m | TWD 3.55bn | −TWD 2.80bn | −TWD 2.82bn | TWD 1.41bn | TWD 1.47bn | TWD 4.08bn | TWD 1.31bn | −TWD 2.36bn | −TWD 3.39bn |
| Capital spending | −TWD 6.4m | −TWD 124,000 | −TWD 619,000 | −TWD 5.4m | −TWD 377.6m | −TWD 3.7m | −TWD 49,000 | −TWD 8.1m | −TWD 1.1m | −TWD 6.7m |
| Free cash flow | −TWD 983.8m | TWD 3.55bn | −TWD 2.80bn | −TWD 2.82bn | TWD 1.03bn | TWD 1.47bn | TWD 4.08bn | TWD 1.30bn | −TWD 2.36bn | −TWD 3.40bn |
| Dividends paid | −TWD 523.5m | −TWD 392.6m | −TWD 261.8m | −TWD 785.3m | −TWD 366.5m | −TWD 471.2m | −TWD 314.1m | −TWD 209.4m | −TWD 209.4m | −TWD 287.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −TWD 33.6m | TWD 1.13bn | TWD 24.8m | TWD 63.4m | TWD 71.9m | TWD 15.3m | TWD 1.09bn | TWD 251.1m |
| Net income | TWD 140.6m | TWD 902.9m | TWD 88.1m | TWD 358.7m | −TWD 23.1m | −TWD 179.0m | TWD 922.5m | TWD 330.3m |
| Diluted earnings per share | 0.56 | 3.62 | 0.35 | 1.44 | -0.09 | -0.72 | 3.50 | 1.25 |
| Cash from operations | −TWD 758.0m | TWD 3.68bn | TWD 682.0m | −TWD 355.0m | −TWD 584.0m | −TWD 720.0m | TWD 5.03bn | −TWD 50.0m |
| Capital spending | — | — | −TWD 5.0m | — | — | — | — | — |
| Free cash flow | — | — | TWD 677.0m | — | — | — | — | — |
| Total assets | TWD 49.92bn | TWD 33.78bn | TWD 32.98bn | TWD 28.05bn | TWD 27.18bn | TWD 26.70bn | TWD 27.33bn | TWD 30.44bn |
| Cash and short-term investments | TWD 1.15bn | TWD 1.54bn | TWD 1.38bn | TWD 549.5m | TWD 921.6m | TWD 1.06bn | TWD 1.34bn | TWD 604.1m |
| Debt | TWD 6.86bn | TWD 10.04bn | TWD 13.56bn | TWD 13.48bn | TWD 13.17bn | TWD 12.72bn | TWD 12.29bn | TWD 15.16bn |
| Shareholders' equity | TWD 36.83bn | TWD 21.52bn | TWD 17.15bn | TWD 13.21bn | TWD 12.08bn | TWD 12.46bn | TWD 13.48bn | TWD 12.07bn |
Financial ratios
Data as of 9 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 2.7% | 22.8% | 15.5% | 12.9% | 26.9% | 18.0% |
| Net margin | 37.1% | 17.5% | 25.1% | 22.0% | 23.2% | 11.3% |
| Return on equity | 1.4% | 9.4% | 5.1% | 3.3% | 15.7% | 4.9% |
| Return on assets | 0.7% | 4.7% | 2.1% | 1.5% | 9.0% | 2.3% |
| Free cash flow yield | -7.6% | 26.4% | -20.9% | -21.0% | 13.5% | 11.1% |
| Revenue growth | -90.9% | 213.8% | 66.8% | -80.1% | 101.3% | -45.9% |
| Earnings growth | -80.8% | 119.4% | 90.1% | -81.2% | 314.0% | -47.3% |
| Current ratio | 1.32x | 1.28x | 1.26x | 1.29x | 1.52x | 1.35x |
| Debt to equity | 0.79x | 0.91x | 1.32x | 1.00x | 0.60x | 0.90x |
| Equity ratio | 52.0% | 49.3% | 40.8% | 46.9% | 57.3% | 46.6% |
| Interest coverage | 0.06x | 5.33x | 2.10x | 1.71x | 21.07x | 5.39x |
| Buybacks as a share of market value | 5.3% | -0.6% | 0.0% | -1.3% | 1.1% | 0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -22.0% | -28.3% | -13.9% |
| Operating income | -67.0% | -49.0% | -25.5% |
| Net income | -7.1% | -9.0% | -10.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 20.7% | 21.4% | 22.1% | 18.7% |
| Net margin | 19.1% | 20.7% | 20.0% | 17.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 29.6 | 7.8 | 12.5 | 17.8 | 5.0 | 12.8 | 8.0 | 14.0 | 188.3 | 78.0 |
| Price to sales | 11.0 | 1.4 | 3.1 | 3.9 | 1.1 | 1.4 | 0.9 | 1.3 | 35.9 | 6.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 20 years. Last went ex-dividend on 24 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.50 | 2.00 | 1.50 | 1.00 | 3.00 | 1.40 | 1.80 | 1.20 |
- 100-to-57.475 reverse split · 9 Feb 2006
- 11-for-10 split · 8 Aug 1997
- 11-for-10 split · 30 May 1996
- 3-for-2 split · 6 Jun 1995
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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