1. Taiwan, Province of China Stocks

  2. •

    Utilities

  3. •

    Regulated Gas
Shin Hai Gas Corporation

Shin Hai Gas Corporation

9926.TW
Shin Hai Gas CorporationTW flagTaiwan Stock Exchange
49.65
TWD
+0.30
- -
8.91BMarket Cap
Shin Hai Gas Corporation
9926.TW
(Taiwan Stock Exchange)

Recent

price

49.65

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
13.18
13.52
15.23
14.28
15.42
12.45
10.99
12.07
12.73
13.39
12.24
11.93
12.46
12.75
12.99
- -
13.42
Revenue per Share
1.73
1.52
1.7
1.2
1.48
1.78
1.7
2.02
1.82
2.03
2.34
2.5
2.52
2.61
2.64
- -
2.54
Basic EPS, GAAP
1.82
1.42
2.2
1.69
2.76
0.5
0.68
1.86
1.99
2.38
3.46
2.79
3.25
3.17
2.43
- -
2.48
Free Cash Flow per Basic Share
0.86
0.98
0.96
1.01
1.07
1.11
1.26
1.6
1.6
1.5
1.7
1.8
2
2
2
- -
- -
Dividend per Share
9.54
9.7
10.27
12.95
11.19
11.71
11.93
12.17
12.08
12.48
12.92
13.48
13.8
14.25
14.65
- -
13.85
Book Value per Share
12.53
12.84
13.77
14.14
14.5
15.13
15.52
16.08
16.33
17.18
18.27
20.04
19.67
21.74
22.92
- -
22.29
Tangible Book Value per Share
180
180
180
180
180
180
180
180
180
180
180
180
180
180
180
- -
179
Basic Weighted Avg Shares
2,366
2,427
2,734
2,563
2,769
2,235
1,973
2,167
2,285
2,403
2,198
2,142
2,237
2,289
2,332
2,470
2,408
Sales/Revenue/Turnover
14.73
12.3
12.39
8.11
11
14.84
16.83
16.47
15.07
15.93
19.83
21.85
21.31
21.04
19.83
18.36
18.98
Operating Margin (%)
128
121
129
140
164
185
213
240
256
276
296
315
336
350
376
398
386
Depreciation Expense
310
274
305
215
266
319
305
362
327
364
420
449
452
468
474
482
456
Net Income, GAAP
18.08
16.41
16
14.61
16.75
15.72
16.9
14.95
18.04
18.21
17.81
17.99
18.28
18.26
17.61
17.59
18.25
Effective Tax Rate (%)
13.1
11.27
11.15
8.39
9.62
14.29
15.46
16.71
14.3
15.14
19.1
20.94
20.23
20.43
20.35
19.51
18.93
Profit Margin (%)
724
758
872
913
964
1,152
1,093
1,240
1,149
1,193
1,032
1,126
1,011
1,227
1,368
1,353
1,184
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
2
1
1
1
3
2
4
2
LT Debt
2,249
2,305
2,473
2,539
2,605
2,718
2,786
2,888
2,933
3,085
3,281
3,598
3,531
3,902
4,114
4,229
3,999
Total Equity
12.98
10.81
11.74
6.99
9.73
10.31
9.86
10.52
9.52
10.22
11.05
10.98
10.75
10.43
9.38
8.84
9.18
Return on Invested Capital (%)
18.7
15.79
16.93
10.26
12.21
15.42
14.28
16.6
14.91
16.43
18.32
18.89
18.44
18.52
18.25
17.98
18.46
Return on Capital (%)
18.78
15.84
17
10.32
12.29
15.54
14.38
16.74
15.01
16.5
18.41
18.93
18.48
18.58
18.29
18.04
18.56
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
4
4
6
LT Borrowings
- -
- -
- -
LT Finance Leases
2
2
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
180
180
180
Market Capitalization
9,138
9,120
9,293

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
3,713
3,657
3,750
Cash, Cash Equivalents & STI
3,138
3,039
3,223
Accounts Receivable, Net
262
307
229
Inventories
255
254
248
Total Current Liabilities
2,345
2,312
2,566
Payables & Accruals
- -
- -
- -
ST Debt
4
4
6
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.58%
5.31%
2.79%
Free Cash Flow
21.89%
-12.47%
-33.73%
Net Income, GAAP
4.53%
2.82%
1.55%
Sales/Revenue/Turnover
1.22%
2.4%
5.91%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
658
558
505
568
2,289
2024
693
565
512
562
2,332
2025
710
625
593
- -
2,470

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.72
0.79
0.67
- -
2.61
2024
0.68
0.87
0.75
- -
2.64
2025
0.64
0.81
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
2
2024
- -
- -
- -
- -
2
2025
- -
- -
- -
- -
- -
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Business
Shin Hai Gas Corporation Shin Hai Gas Corporation (9926.TW) engages primarily in the distribution of natural gas to household, commercial, and industrial customers in northern Taiwan, particularly in the New Taipei City areas of Sanchong, Banqiao, and Xinzhuang; the company supplies natural gas through pipelines approved by competent authorities, provides design, construction, and installation services for natural gas transmission systems and related facilities, sells and installs gas equipment including interrupting devices, microcomputer gas meters, safety valves, hot water heaters, gas stoves, range hoods, and clothes dryers, and operates type 1 telecommunications services through long-distance cable leasing and investments. Founded in June 1966 and headquartered at No. 52, Section 1, Li Shing Road, Sanchong District, New Taipei City, Taiwan, Shin Hai Gas focuses on residential and non-industrial users while maintaining automated monitoring systems for pipeline safety, real-time equipment control via a central command center since 2010, and regular disaster drills to ensure public safety in surrounding communities. In recent developments as of its 2024 consolidated financial statements released in March 2025, the company reported net profit of NT$474 million on operating revenue of NT$2.33 billion, reflecting stable growth driven by gas sales and unbilled revenue estimates comprising 11% of gas revenue; it continued investments in property, plant, and equipment totaling NT$478 million, primarily for pipeline enhancements and safety upgrades, while recognizing NT$357 million in new long-term deferred revenue from customer contributions amid no major acquisitions, partnerships, or strategic shifts announced in the past two years.