1. Taiwan, Province of China Stocks

  2. •

    Communication Services

  3. •

    Publishing
China Times Publishing Comp.

China Times Publishing Comp.

8923.TWO
China Times Publishing Comp.TW flagTaipei Exchange
19.00
TWD
-0.10
- -
577.14MMarket Cap
China Times Publishing Comp.
8923.TWO
(Taipei Exchange)

Recent

price

19.00

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
14.22
12.67
10.97
11.09
11.81
13.17
14.55
14.21
13.89
14.08
14.42
14.52
15.43
14.05
14.34
- -
14.19
Revenue per Share
1.4
1.11
0.61
0.74
0.95
0.96
1.03
1.04
0.95
1
0.94
1
1.13
0.88
0.93
- -
0.93
Basic EPS, GAAP
3.11
1.32
0.18
-0.57
0.43
-0.04
0.31
0.09
2.22
1.01
0.94
1.84
1.48
0.54
0.89
- -
1.79
Free Cash Flow per Basic Share
1
1.25
1
0.8
0.96
0.89
0.85
0.9
0.9
0.85
0.85
0.85
0.9
1
0.8
- -
- -
Dividend per Share
12.35
11.97
11.46
13.36
11.5
11.44
11.53
11.54
11.55
11.61
11.43
11.44
11.63
11.39
11.48
- -
11.1
Book Value per Share
14.76
12.35
11.83
11.25
12.27
11.99
11.34
11.41
11.84
11.72
11.59
11.97
12.11
11.86
12.14
- -
11.61
Tangible Book Value per Share
30
30
30
30
30
30
30
30
30
30
30
30
30
30
30
- -
32
Basic Weighted Avg Shares
432
385
333
337
359
400
442
432
422
428
438
441
469
427
436
447
447
Sales/Revenue/Turnover
13.62
10.51
5.42
6.97
6.5
5.88
6.22
5.88
3.81
4.09
6.16
7.48
5.68
3.17
4.19
4.02
4.02
Operating Margin (%)
6
24
23
38
49
33
34
45
35
43
41
40
41
41
42
44
44
Depreciation Expense
43
34
19
23
29
29
31
31
29
30
29
30
34
27
28
29
29
Net Income, GAAP
24.52
17.9
16.9
16.8
15.86
16.13
18.87
15.21
7.79
15.12
18.91
17.95
19.2
16.36
17.96
14.65
14.65
Effective Tax Rate (%)
9.84
8.8
5.6
6.71
8.09
7.26
7.09
7.3
6.86
7.08
6.55
6.86
7.34
6.3
6.51
6.53
6.53
Profit Margin (%)
317
238
225
209
233
224
201
206
213
206
204
213
210
204
204
200
200
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
24
14
6
47
42
61
50
50
LT Debt
448
432
422
423
436
435
438
434
436
438
439
444
452
449
454
459
459
Total Equity
9.58
7.06
3.31
4.4
4.33
4.24
4.76
4.61
3.16
3.09
4.48
5.56
4.17
2.12
2.83
2.85
2.85
Return on Invested Capital (%)
10.96
8.58
4.89
5.71
7.33
7.77
8.31
8.34
7.59
7.93
7.45
8.02
8.58
6.59
6.97
7.07
7.07
Return on Capital (%)
11.49
9.17
5.24
6
7.68
8.34
8.99
8.99
8.26
8.61
8.2
8.71
9.82
7.68
8.17
8.36
8.36
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
23
25
25
LT Borrowings
- -
- -
- -
LT Finance Leases
55
53
50
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
30
30
30
Market Capitalization
602
650
631

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
574
543
573
Cash, Cash Equivalents & STI
270
245
265
Accounts Receivable, Net
112
106
120
Inventories
147
145
145
Total Current Liabilities
374
347
372
Payables & Accruals
- -
- -
- -
ST Debt
23
25
25
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.54%
0.89%
0.93%
Free Cash Flow
148.4%
37.18%
109.38%
Net Income, GAAP
0.54%
1.16%
2.9%
Sales/Revenue/Turnover
1.25%
0.57%
2.69%
Total Cash Common Dividend
- -
- -
6.25%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
101
100
108
118
427
2024
110
96
98
132
436
2025
132
106
93
117
447

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.07
0.25
0.23
- -
0.88
2024
0.34
0.13
0.13
- -
0.93
2025
0.48
0.05
0.06
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
1
2024
- -
- -
- -
- -
0.8
2025
- -
- -
- -
- -
- -
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Business
China Times Publishing Comp. (8923.TWO) publishes and sells Chinese books, magazines, and comic books in Taiwan and internationally; its core publications encompass literature, fiction, prose, history, law, politics, religion, philosophy, humanities and society, culture, biography, art, photography, film and television, nature, science popularization, mathematics, tourism, comics, graphics, cartoons, parent-child books, gender medicine, health care, beauty, children's books, picture books, fairy tales, languages, education, encyclopedias, illustrated books, guides, diet, leisure, entertainment, psychology, inspirational works, astrology, marketing, trends, finance, stationery, and department store-related titles. Founded in 1975 and headquartered in Taipei, Taiwan, the company operates primarily in the book and periodical publishing industry, with a focus on diverse genres including literary fiction, business and finance, current affairs, social science, biography, popular science, self-help, health and fitness, spirituality, travel, lifestyle, and children's literature, publishing approximately 400 new titles annually. The company distributes its products through wholesale, retail, and exhibition channels, targeting general readers, educators, parents, and professionals across Taiwan and select international markets. In recent developments, China Times Publishing reported third-quarter 2025 earnings with sales of TWD 93.09 million and net income of TWD 1.96 million, reflecting ongoing operations amid stable financial health with no debt and a net profit margin of around 6.5% on trailing twelve-month revenue of TWD 468 million; it also announced a 2025 annual dividend of TWD 0.85 per share. The company maintains a lean structure with 2-10 employees and continues to emphasize copyright trading relations established since 1986, including early international agency partnerships, while focusing on steady publishing output without major acquisitions, funding rounds, or strategic shifts reported in 2024-2025.