H 
Huang Long Development Co 3512.TWO · TWD
Information Technology · Taipei Exchange · 🇹🇼 Taiwan
18.90
+6.48%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 1.43bn
FY2016FY2025
Net income
TWD 267.7m
FY2016FY2025
Free cash flow
TWD 57.3m
FY2016FY2025
Shareholders' equity
TWD 2.65bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 1.43bn | TWD 879.9m | TWD 2.96bn | TWD 2.24bn | TWD 2.21bn | TWD 2.41bn | TWD 1.32bn | TWD 1.08bn | TWD 1.39bn | TWD 541.6m |
| Gross profit | TWD 501.5m | TWD 226.8m | TWD 616.0m | TWD 588.4m | TWD 572.2m | TWD 406.1m | TWD 156.3m | TWD 113.9m | TWD 130.3m | TWD 24.6m |
| Research and development | TWD 662,000 | — | TWD 1.8m | TWD 3.5m | TWD 5.1m | TWD 4.2m | TWD 4.8m | TWD 6.2m | TWD 8.3m | TWD 8.2m |
| Operating income | TWD 331.8m | TWD 87.5m | TWD 619.0m | TWD 425.0m | TWD 368.0m | TWD 209.0m | TWD 18.8m | −TWD 33.3m | −TWD 6.2m | −TWD 75.0m |
| Net income | TWD 267.7m | TWD 54.8m | TWD 458.3m | TWD 326.1m | TWD 317.9m | TWD 202.8m | TWD 22.6m | −TWD 35.5m | −TWD 28.6m | −TWD 78.5m |
| Diluted earnings per share | 2.57 | 0.53 | 4.71 | 3.88 | 3.79 | 2.41 | 0.22 | -0.34 | -0.27 | -1.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 5.53bn | TWD 4.95bn | TWD 4.98bn | TWD 6.10bn | TWD 5.19bn | TWD 4.30bn | TWD 4.07bn | TWD 2.59bn | TWD 2.18bn | TWD 1.21bn |
| Cash and short-term investments | — | — | TWD 914.0m | TWD 955.8m | TWD 687.7m | TWD 664.5m | — | — | — | TWD 186.3m |
| Total liabilities | TWD 2.88bn | TWD 2.85bn | TWD 2.99bn | TWD 4.31bn | TWD 3.49bn | TWD 2.80bn | TWD 694,000 | TWD 1.61bn | TWD 1.50bn | TWD 502.0m |
| Debt | TWD 602.3m | TWD 600.2m | TWD 2.23bn | TWD 3.14bn | TWD 2.28bn | TWD 1.40bn | TWD 23.8m | TWD 26.5m | TWD 29.2m | TWD 362.8m |
| Shareholders' equity | TWD 2.65bn | TWD 2.10bn | TWD 1.99bn | TWD 1.79bn | TWD 1.70bn | TWD 1.50bn | TWD 986.9m | TWD 978.6m | TWD 672.3m | TWD 706.4m |
| Shares outstanding | 104m | 104m | 97m | 84m | 84m | 84m | 104m | 104m | 104m | 63m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 60.1m | −TWD 750.8m | TWD 1.20bn | −TWD 389.9m | −TWD 601.6m | TWD 635.7m | −TWD 1.09bn | −TWD 445.3m | −TWD 92.7m | TWD 31.0m |
| Capital spending | −TWD 2.8m | −TWD 7.5m | −TWD 1.5m | −TWD 1.7m | −TWD 29.0m | −TWD 8.5m | −TWD 4.7m | −TWD 4.7m | −TWD 45.5m | −TWD 6.9m |
| Free cash flow | TWD 57.3m | −TWD 758.2m | TWD 1.20bn | −TWD 391.6m | −TWD 630.7m | TWD 627.2m | −TWD 1.09bn | −TWD 449.9m | −TWD 138.2m | TWD 24.1m |
| Dividends paid | −TWD 135.7m | −TWD 311.2m | −TWD 252.0m | −TWD 252.0m | −TWD 168.0m | −TWD 168.0m | −TWD 168.0m | −TWD 168.0m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 59.8m | TWD 212.9m | TWD 661.1m | TWD 11.5m | TWD 53.2m | TWD 707.6m | TWD 249.2m | TWD 4.4m |
| Gross profit | TWD 24.7m | TWD 86.1m | TWD 289.5m | −TWD 1.6m | TWD 14.0m | TWD 199.7m | TWD 67.0m | TWD 2.3m |
| Operating income | TWD 2.9m | TWD 56.8m | TWD 228.5m | −TWD 25.2m | −TWD 5.8m | TWD 134.4m | TWD 31.5m | −TWD 25.7m |
| Net income | −TWD 195,000 | TWD 51.5m | TWD 186.9m | −TWD 24.6m | −TWD 17.1m | TWD 122.5m | TWD 31.5m | −TWD 41.0m |
| Diluted earnings per share | -0.00 | 0.49 | 1.79 | -0.24 | -0.16 | 1.17 | 0.30 | -0.39 |
| Cash from operations | −TWD 775.0m | −TWD 445.0m | TWD 271.0m | −TWD 280.0m | −TWD 184.0m | TWD 253.0m | −TWD 11.0m | −TWD 218.0m |
| Capital spending | — | — | — | — | — | −TWD 1.0m | — | — |
| Free cash flow | — | — | — | — | — | TWD 252.0m | — | — |
| Total assets | TWD 6.33bn | TWD 5.67bn | TWD 5.53bn | TWD 5.05bn | TWD 4.99bn | TWD 4.92bn | TWD 4.95bn | TWD 4.93bn |
| Debt | TWD 6.3m | TWD 7.0m | TWD 602.3m | TWD 601.8m | TWD 601.3m | TWD 600.7m | TWD 600.2m | TWD 599.7m |
| Shareholders' equity | TWD 2.50bn | TWD 2.50bn | TWD 2.65bn | TWD 2.47bn | TWD 2.49bn | TWD 2.51bn | TWD 2.10bn | TWD 2.07bn |
Financial ratios
Data as of 28 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 35.0% | 25.8% | 20.8% | 26.2% | 25.9% | 16.8% | — |
| Operating margin | 24.1% | 10.1% | 20.9% | 19.0% | 16.6% | 8.7% | — |
| Net margin | 18.7% | 6.2% | 15.5% | 14.5% | 14.4% | 8.4% | — |
| Return on equity | 10.1% | 2.6% | 23.0% | 18.2% | 18.7% | 13.5% | — |
| Return on assets | 4.8% | 1.1% | 9.2% | 5.3% | 6.1% | 4.7% | — |
| Free cash flow yield | — | -37.5% | 65.0% | -24.3% | -35.9% | 40.4% | — |
| Revenue growth | 62.9% | -70.2% | 31.9% | 1.3% | -8.3% | 82.6% | — |
| Earnings growth | 388.7% | -88.0% | 40.6% | 2.6% | 56.8% | 798.7% | — |
| Current ratio | 2.41x | 2.18x | 2.06x | 1.59x | 1.58x | 1.47x | — |
| Debt to equity | 0.23x | 0.29x | 1.12x | 1.76x | 1.34x | 0.93x | — |
| Equity ratio | 48.0% | 42.4% | 39.9% | 29.3% | 32.7% | 34.9% | — |
| Interest coverage | 67.13x | 18.85x | 36.18x | 14.92x | 55.54x | 190.33x | — |
| R&D as a share of sales | 0.0% | — | 0.1% | 0.2% | 0.2% | 0.2% | 0.4% |
| Buybacks as a share of market value | — | -7.2% | -15.7% | 0.0% | 0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.8% | -9.9% | 6.4% |
| Operating income | -7.9% | 9.7% | 25.9% |
| Net income | -6.4% | 5.7% | 25.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 31.5% | 25.7% | 24.0% | 20.1% |
| Operating margin | 18.1% | 19.5% | 16.8% | 11.5% |
| Net margin | 13.9% | 14.7% | 13.4% | 8.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 8.5 | 54.0 | 7.0 | 7.4 | 8.8 | 12.0 | 143.2 | -84.3 | -121.6 | -20.2 |
| Price to sales | 1.6 | 3.4 | 1.1 | 1.1 | 1.3 | 1.0 | 2.5 | 2.8 | 2.5 | 2.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 7 Jul 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Paid in the year | 1.20 | 3.206 | 3.00 | 3.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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