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Chang Wah Electromaterials 8070.TW · TWD

Information Technology · Taiwan Stock Exchange · 🇹🇼 Taiwan

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46.70

+6.26%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 19.35bn

FY2016FY2025

Net income

TWD 716.1m

FY2016FY2025

Free cash flow

TWD 1.71bn

FY2016FY2025

Shareholders' equity

TWD 17.96bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 19.35bnTWD 17.23bnTWD 16.49bnTWD 21.86bnTWD 20.67bnTWD 16.42bnTWD 15.46bnTWD 15.76bnTWD 14.13bnTWD 10.94bn
Gross profitTWD 3.51bnTWD 3.50bnTWD 3.07bnTWD 5.07bnTWD 4.15bnTWD 2.45bnTWD 2.14bnTWD 2.32bnTWD 1.99bnTWD 963.5m
Research and developmentTWD 388.6mTWD 431.3mTWD 420.7mTWD 422.6mTWD 461.3mTWD 228.7mTWD 149.1mTWD 66.8mTWD 30.7mTWD 48.0m
Operating incomeTWD 2.16bnTWD 1.93bnTWD 1.69bnTWD 4.58bnTWD 3.19bnTWD 1.70bnTWD 1.86bnTWD 1.41bnTWD 1.17bnTWD 363.7m
Net incomeTWD 716.1mTWD 1.59bnTWD 1.48bnTWD 3.57bnTWD 2.49bnTWD 1.36bnTWD 1.10bnTWD 856.1mTWD 871.5mTWD 785.7m
Diluted earnings per share1.022.172.055.273.612.131.721.341.361.16

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 40.90bnTWD 37.90bnTWD 36.27bnTWD 33.12bnTWD 30.31bnTWD 23.32bnTWD 18.02bnTWD 15.92bnTWD 15.97bnTWD 9.44bn
Cash and short-term investmentsTWD 16.88bnTWD 10.91bnTWD 9.94bnTWD 8.92bnTWD 7.06bnTWD 5.37bnTWD 4.68bnTWD 3.31bnTWD 3.84bnTWD 1.72bn
Total liabilitiesTWD 18.29bnTWD 15.55bnTWD 16.73bnTWD 16.73bnTWD 15.59bnTWD 14.40bnTWD 9.97bnTWD 7.76bnTWD 7.40bnTWD 3.57bn
DebtTWD 12.09bnTWD 10.14bnTWD 11.54bnTWD 10.28bnTWD 10.01bnTWD 10.24bnTWD 5.66bnTWD 4.20bnTWD 3.98bnTWD 1.03bn
Shareholders' equityTWD 17.96bnTWD 17.46bnTWD 15.01bnTWD 11.58bnTWD 10.89bnTWD 6.50bnTWD 5.59bnTWD 5.51bnTWD 5.74bnTWD 5.23bn
Shares outstanding704m732m722m678m690m639m638m638m639m676m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 2.59bnTWD 2.39bnTWD 3.44bnTWD 5.46bnTWD 2.32bnTWD 1.47bnTWD 2.02bnTWD 1.65bnTWD 1.35bnTWD 1.20bn
Capital spending−TWD 875.0m−TWD 339.2m−TWD 1.15bn−TWD 1.37bn−TWD 762.9m−TWD 446.2m−TWD 535.2m−TWD 780.5m−TWD 608.5m−TWD 139.9m
Free cash flowTWD 1.71bnTWD 2.05bnTWD 2.29bnTWD 4.09bnTWD 1.55bnTWD 1.03bnTWD 1.48bnTWD 869.2mTWD 744.9mTWD 1.06bn
Dividends paid−TWD 1.85bn−TWD 1.65bn−TWD 1.67bn−TWD 1.38bn−TWD 867.4m−TWD 804.9m−TWD 766.6m−TWD 698.2m−TWD 638.8m−TWD 496.8m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 6.13bnTWD 5.42bnTWD 5.11bnTWD 4.99bnTWD 4.75bnTWD 4.50bnTWD 4.49bnTWD 4.47bn
Gross profitTWD 1.15bnTWD 985.7mTWD 909.0mTWD 948.6mTWD 834.2mTWD 850.5mTWD 889.6mTWD 1.01bn
Operating incomeTWD 727.5mTWD 657.7mTWD 559.4mTWD 573.4mTWD 529.3mTWD 485.0mTWD 471.2mTWD 579.7m
Net incomeTWD 549.9mTWD 362.4m−TWD 333.7mTWD 607.8mTWD 109.8mTWD 332.2mTWD 336.0mTWD 439.2m
Diluted earnings per share0.780.52-0.470.860.160.470.460.60
Cash from operationsTWD 166.0mTWD 185.0mTWD 520.0mTWD 832.0mTWD 482.0mTWD 771.0mTWD 640.0mTWD 508.0m
Capital spending−TWD 75.0m−TWD 248.0m−TWD 155.0m−TWD 541.0m−TWD 86.0m−TWD 94.0m−TWD 88.0m−TWD 60.0m
Free cash flowTWD 91.0m−TWD 63.0mTWD 365.0mTWD 291.0mTWD 396.0mTWD 677.0mTWD 552.0mTWD 448.0m
Total assetsTWD 52.21bnTWD 43.05bnTWD 40.90bnTWD 40.41bnTWD 37.71bnTWD 37.68bnTWD 37.90bnTWD 38.71bn
Cash and short-term investmentsTWD 24.17bnTWD 18.01bnTWD 16.88bnTWD 11.51bnTWD 11.42bnTWD 11.35bnTWD 10.91bnTWD 10.86bn
DebtTWD 7.12bnTWD 13.01bnTWD 12.09bnTWD 4.09bnTWD 12.11bnTWD 10.59bnTWD 10.05bnTWD 10.52bn
Shareholders' equityTWD 26.54bnTWD 17.68bnTWD 17.96bnTWD 18.02bnTWD 14.96bnTWD 15.53bnTWD 17.46bnTWD 18.41bn

Financial ratios

Data as of 21 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin18.1%20.3%18.6%23.2%20.1%14.9%
Operating margin11.1%11.2%10.3%21.0%15.4%10.3%
Net margin3.7%9.2%9.0%16.3%12.0%8.3%
Return on equity4.0%9.1%9.8%30.9%22.8%21.0%
Return on assets1.8%4.2%4.1%10.8%8.2%5.8%
Free cash flow yield9.9%7.5%12.8%20.2%8.9%6.0%
Revenue growth12.3%4.5%-24.6%5.7%25.9%6.2%
Earnings growth-55.0%7.8%-58.7%43.6%82.7%24.0%
Current ratio2.72x2.30x1.58x1.70x1.77x1.77x
Debt to equity0.67x0.58x0.76x0.88x0.91x1.56x
Equity ratio43.9%46.1%41.4%35.0%35.9%27.9%
Interest coverage10.13x9.86x8.83x40.47x32.55x20.44x
R&D as a share of sales2.0%2.5%2.6%1.9%2.2%1.4%
Buybacks as a share of market value3.8%-1.4%-6.4%1.6%-7.9%-0.1%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-4.0%3.3%2.5%
Operating income-22.2%4.9%20.8%
Net income-41.5%-12.1%-3.5%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin19.2%20.2%19.4%16.7%
Operating margin11.2%13.8%13.6%11.1%
Net margin6.3%9.8%10.0%8.6%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings42.720.917.15.810.814.410.410.110.611.5
Price to sales1.61.91.50.91.31.20.70.60.70.8

Dividends and splits

Per share, in the currency the company pays

Paid for 23 years. Last went ex-dividend on 17 Jun 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year2.002.712.662.342.351.3971.111.61
  • 10-for-1 split · 17 Aug 2020
  • 1000-to-900 reverse split · 10 Sept 2016
  • 1.03-for-1 split · 29 Jul 2013
  • 1.029-for-1 split · 26 Jul 2012
  • 1.03-for-1 split · 14 Jul 2011
  • 1.029-for-1 split · 25 Jul 2008

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.