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Shinhsiung Natural Gas 8908.TWO · TWD

Utilities · Taipei Exchange · 🇹🇼 Taiwan

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40.10

—

Close of 28 Oct 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 10.39bn

FY2016FY2025

Net income

TWD 679.1m

FY2016FY2025

Free cash flow

−TWD 157.7m

FY2016FY2025

Shareholders' equity

TWD 4.45bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 10.39bnTWD 8.16bnTWD 6.96bnTWD 7.22bnTWD 6.49bnTWD 6.33bnTWD 8.27bnTWD 7.25bnTWD 6.01bnTWD 4.93bn
Gross profitTWD 1.09bnTWD 938.5mTWD 859.8mTWD 830.6mTWD 765.5mTWD 610.3mTWD 659.3mTWD 555.8mTWD 464.0mTWD 363.1m
Operating incomeTWD 850.6mTWD 744.8mTWD 674.8mTWD 672.8mTWD 614.2mTWD 482.9mTWD 506.4mTWD 413.0mTWD 327.8mTWD 244.8m
Net incomeTWD 679.1mTWD 573.4mTWD 519.6mTWD 530.3mTWD 483.6mTWD 385.5mTWD 401.8mTWD 328.7mTWD 268.5mTWD 199.7m
Diluted earnings per share2.162.041.832.062.161.721.791.471.200.63

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 11.89bnTWD 9.67bnTWD 8.80bnTWD 8.06bnTWD 7.09bnTWD 6.27bnTWD 5.40bnTWD 4.77bnTWD 4.32bnTWD 3.78bn
Cash and short-term investments——TWD 871.2mTWD 656.3mTWD 987.6mTWD 891.0m———TWD 442.4m
Total liabilitiesTWD 7.34bnTWD 5.36bnTWD 4.88bnTWD 4.47bnTWD 3.96bnTWD 3.54bnTWD 2.92bnTWD 2.54bnTWD 2.30bnTWD 1.94bn
DebtTWD 2.16bnTWD 2.30bnTWD 2.30bnTWD 1.95bnTWD 1.67bnTWD 1.43bnTWD 937.2mTWD 886.6mTWD 852.4mTWD 755.9m
Shareholders' equityTWD 4.45bnTWD 4.21bnTWD 3.92bnTWD 3.59bnTWD 3.13bnTWD 2.73bnTWD 2.48bnTWD 2.23bnTWD 2.02bnTWD 1.84bn
Shares outstanding314m282m285m258m224m224m224m224m224m315m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 595.3mTWD 765.8mTWD 828.0mTWD 363.8mTWD 702.1mTWD 320.4mTWD 824.4mTWD 683.0mTWD 495.2mTWD 491.7m
Capital spending−TWD 753.0m−TWD 531.0m−TWD 484.0m−TWD 992.6m−TWD 912.7m−TWD 828.9m−TWD 276.4m−TWD 301.8m−TWD 525.3m−TWD 395.7m
Free cash flow−TWD 157.7mTWD 234.7mTWD 344.0m−TWD 628.8m−TWD 210.6m−TWD 508.5mTWD 548.0mTWD 381.2m−TWD 30.1mTWD 96.0m
Dividends paid−TWD 398.0m−TWD 226.8m−TWD 206.2m−TWD 89.6m−TWD 80.0m−TWD 162.2m−TWD 148.8m−TWD 119.7m−TWD 86.8m−TWD 81.9m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 2.85bnTWD 2.42bnTWD 2.49bnTWD 2.51bnTWD 2.71bnTWD 2.67bnTWD 2.70bnTWD 1.98bn
Gross profitTWD 304.6mTWD 242.7mTWD 305.1mTWD 247.7mTWD 287.4mTWD 254.5mTWD 320.0mTWD 222.3m
Operating incomeTWD 237.9mTWD 182.2mTWD 236.9m—TWD 231.0m—TWD 267.1mTWD 174.0m
Net incomeTWD 178.0mTWD 145.1mTWD 192.8mTWD 148.9mTWD 179.1mTWD 158.4mTWD 208.4mTWD 135.6m
Diluted earnings per share0.570.460.610.470.570.500.740.48
Cash from operationsTWD 211.0mTWD 237.0mTWD 142.0m−TWD 64.0mTWD 333.0mTWD 184.0mTWD 265.0mTWD 166.0m
Capital spending−TWD 129.0m−TWD 85.0m−TWD 62.0m−TWD 235.0m−TWD 327.0m−TWD 127.0m−TWD 112.0m−TWD 104.0m
Free cash flowTWD 82.0mTWD 152.0mTWD 80.0m−TWD 299.0mTWD 6.0mTWD 57.0mTWD 153.0mTWD 62.0m
Total assetsTWD 12.00bnTWD 12.13bnTWD 11.89bnTWD 11.00bnTWD 10.45bnTWD 10.12bnTWD 9.67bnTWD 9.87bn
DebtTWD 2.47bnTWD 2.41bnTWD 2.16bnTWD 1.42bnTWD 1.43bnTWD 1.06bnTWD 871.6mTWD 960.5m
Shareholders' equityTWD 4.04bnTWD 4.15bnTWD 4.45bnTWD 4.30bnTWD 4.16bnTWD 3.90bnTWD 4.21bnTWD 4.04bn

Financial ratios

Data as of 2 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin10.5%11.5%12.4%11.5%11.8%9.6%
Operating margin8.2%9.1%9.7%9.3%9.5%7.6%
Net margin6.5%7.0%7.5%7.3%7.4%6.1%
Return on equity15.2%13.6%13.3%14.8%15.4%14.1%
Return on assets5.7%5.9%5.9%6.6%6.8%6.1%
Free cash flow yield—11.6%11.6%13.2%18.1%12.9%
Revenue growth27.4%17.2%-3.6%11.2%2.5%-23.4%
Earnings growth18.4%10.3%-2.0%9.6%25.5%-4.1%
Current ratio1.30x1.10x1.01x0.96x1.02x0.92x
Debt to equity0.48x0.21x0.55x0.50x0.49x0.47x
Equity ratio37.5%43.5%44.5%44.6%44.2%43.6%
Interest coverage32.01x31.88x31.62x65.89x95.18x100.22x
Buybacks as a share of market value—1.1%-10.5%-15.0%-0.0%—

Growth per year

Compound annual rate

3 years5 years10 years
Revenue12.9%10.4%6.9%
Operating income8.1%12.0%12.7%
Net income8.6%12.0%12.6%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin11.0%11.4%11.2%9.7%
Operating margin8.6%9.0%8.9%7.5%
Net margin6.8%7.0%7.0%5.9%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings19.921.327.925.818.318.514.412.912.120.4
Price to sales1.31.52.11.91.41.10.70.60.50.8

Dividends and splits

Per share, in the currency the company pays

Paid for 4 years. Last went ex-dividend on 26 Mar 2026.

FY2026FY2025FY2024FY2023FY2022
Paid in the year1.501.2620.7190.6540.284
  • 1030-for-1000 split · 9 Sept 2025
  • 1030.067-for-1000 split · 8 Sept 2025
  • 1080-for-1000 split · 5 Sept 2024
  • 1100-for-1000 split · 14 Sept 2023
  • 1150-for-1000 split · 7 Sept 2022
  • 1120-for-1000 split · 2 Sept 2021

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.