1. Taiwan, Province of China Stocks

  2. •

    Consumer Cyclical

  3. •

    Leisure
Chi Hua Fitness Co., Ltd.

Chi Hua Fitness Co., Ltd.

1593.TWO
Chi Hua Fitness Co., Ltd.TW flagTaipei Exchange
30.20
TWD
+0.10
- -
1.20BMarket Cap
Chi Hua Fitness Co., Ltd.
1593.TWO
(Taipei Exchange)

Recent

price

30.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
27.83
28.99
29.69
27.35
30.73
26.5
24.89
25.74
23.72
24.06
25.62
31.8
22.92
26.83
28.13
- -
31.42
Revenue per Share
1.72
1.54
1.5
1.59
2.15
3.01
3.09
3.53
3.56
3.53
4.23
4.63
4.93
1.28
1.7
- -
2.17
Basic EPS, GAAP
-0.16
-5.28
-0.62
1.66
1.37
2.39
3.53
3.59
3.97
3.07
2.26
-10.07
-1.5
3.45
2.99
- -
3.52
Free Cash Flow per Basic Share
0.73
1.64
1.53
0.82
1.94
2
2.81
2.8
3.06
3.77
3.02
3.41
3.51
2.44
1.6
- -
- -
Dividend per Share
16.17
12.31
12.39
15.01
13.67
14.32
14.35
14.7
14.66
14.64
15.61
14.96
16.26
14.15
14.28
- -
15.05
Book Value per Share
23.33
21.07
22.2
22.5
23.74
25.38
24.41
24.74
26.46
25.78
29.41
30.47
29.82
28.23
29.68
- -
30.15
Tangible Book Value per Share
26
27
29
30
30
32
32
32
34
34
34
37
38
40
40
- -
40
Basic Weighted Avg Shares
710
796
858
821
908
843
806
834
802
815
869
1,177
875
1,065
1,119
1,257
1,257
Sales/Revenue/Turnover
8.56
5.23
6.06
5.27
7.2
8.48
13.72
16.46
14.88
14.39
13.36
15.08
8.66
8.42
8.06
9.93
9.93
Operating Margin (%)
14
13
18
20
23
23
21
19
17
20
20
22
29
49
50
50
50
Depreciation Expense
44
42
43
48
63
96
100
114
120
119
143
171
188
51
68
87
87
Net Income, GAAP
18.4
22.82
25.17
18.6
24.79
14.71
15.36
18.44
16.61
16.42
13.24
16.31
9.64
24.73
28
23.64
23.64
Effective Tax Rate (%)
6.2
5.33
5.05
5.8
6.99
11.34
12.4
13.7
15
14.66
16.52
14.55
21.52
4.77
6.04
6.91
6.91
Profit Margin (%)
438
310
302
347
384
563
491
481
567
528
716
526
436
416
472
528
528
Working Capital
- -
57
- -
- -
- -
58
- -
- -
- -
- -
95
275
269
249
229
235
235
LT Debt
604
579
642
681
707
811
795
806
899
876
1,001
1,132
1,381
1,361
1,414
1,431
1,431
Total Equity
7.96
4.83
6.07
5.33
7.01
7.63
10.77
12.9
11.15
10.88
10.05
11.53
4.11
3.65
3.53
5.07
5.07
Return on Invested Capital (%)
9.77
10.41
12.89
13.61
16.52
22.38
19.35
21.7
23
23.56
25.19
22.99
18.42
2.63
4.28
5.58
5.58
Return on Capital (%)
11.54
11.3
12.43
11.78
14.85
22.24
21.74
24.29
24.74
24.09
28.01
31.63
32.06
8.59
11.97
14.85
14.85
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
209
224
225
LT Borrowings
215
235
228
LT Finance Leases
6
7
7
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
40
40
40
Market Capitalization
1,122
1,126
1,162

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
849
896
979
Cash, Cash Equivalents & STI
520
538
592
Accounts Receivable, Net
149
158
186
Inventories
148
165
156
Total Current Liabilities
433
418
451
Payables & Accruals
- -
- -
- -
ST Debt
209
224
225
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.13%
7.75%
1.2%
Free Cash Flow
-98.77%
-201.34%
18.66%
Net Income, GAAP
6.15%
3.59%
28.51%
Sales/Revenue/Turnover
5.25%
9.8%
12.31%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
238
277
268
283
1,065
2024
243
263
290
323
1,119
2025
276
307
308
365
1,257

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.22
0.56
0.22
- -
1.28
2024
- -
0.43
0.58
- -
1.7
2025
0.42
0.44
0.41
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
2.44
2024
- -
- -
- -
- -
1.6
2025
- -
- -
- -
- -
- -
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Business
Chi Hua Fitness Co., Ltd. manufactures and sells fitness equipment components worldwide; its core products include hybrid generator brakes, medical application load units, field coil eddy current brakes, PM brakes, lower control boards for EMS and generator systems, TFT/LCD/LED consoles, BLDC drivers, brushless and brush DC motors, cables, gear motors, heart rate sensor boards, hand grip sensors, motor utility strength trainers, bicycle trainers, fuel pumps, and LED light bars; the company also provides electric machines such as direct current motors, electric power generators, mixed electric power generators, and mini magnetic controllers, as well as electronic controlling products including electronic meters and controllers. Founded in March 1997 by Professor Lee Ying-Che and headquartered at No. 231 Dexing Rd., Hukou Township, Hsinchu County, Taiwan, Chi Hua Fitness operates production bases in Taoyuan, Vietnam, and mainland China, serving fitness device manufacturers and automobile electronic equipment sectors globally. The company maintains subsidiaries Mantek Ltd. and Watek Ltd. established in 2008, initiated mass production at its Vietnam factory in 2010, and listed on the Taiwan Emerging Stock Market via IPO in July 2010 with trading commencing in September 2010; no major acquisitions, partnerships, funding rounds, or strategic shifts have been reported in the last 1-2 years, with recent focus on ongoing global distribution and quarterly earnings releases showing stable operations as of third quarter 2025.