Feng Ching Metal Corporation

Feng Ching Metal Corporation

TTPEX:2061
58.10
TWD
-3.30
(-5.37%)
1.13EPS
56.55P/E
3.67BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
62.27
36.04
22.9
19.69
25.15
27.1
19.21
16.55
20.52
19.66
18.88
24.36
21
22.29
Basic EPS, GAAP
-1.74
-0.96
-1.95
0.09
0.61
-0.39
-0.22
0.12
2.33
-1.54
-0.54
-0.3
-0.97
1.13
Free Cash Flow per Basic Share
-2.09
0.35
-0.77
1.53
-0.89
-1.57
3.13
-1.31
-2.56
-2.72
1.18
-4.42
-1.4
-1.56
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.98
- -
- -
- -
- -
Book Value per Share
12.83
14.91
13.04
13.13
13.76
12.68
12.34
10.07
12.5
10.56
10.06
11.65
10.67
11.83
Tangible Book Value per Share
12.83
14.91
13.04
13.13
13.76
12.68
12.34
10.07
12.5
10.56
10.06
11.65
10.67
11.83
Basic Weighted Avg Shares
32
36
48
48
50
49
47
46
47
47
47
49
57
57
Sales/Revenue/Turnover
1,983
1,284
1,092
939
1,268
1,338
900
754
959
927
887
1,191
1,205
1,277
Operating Margin (%)
-2.3
-2.07
-5.82
-1.17
0.75
-0.53
-0.98
0.78
2.86
-0.12
-3.61
-1.64
-0.37
3.03
Depreciation Expense
27
23
24
22
23
24
27
21
18
18
20
20
21
22
Net Income, GAAP
-55
-34
-93
5
31
-19
-10
6
109
-73
-25
-15
-56
65
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
17.32
Profit Margin (%)
-2.79
-2.67
-8.53
0.48
2.42
-1.43
-1.13
0.73
11.35
-7.83
-2.86
-1.23
-4.63
5.08
Working Capital
213
494
415
430
452
387
441
319
395
393
265
449
396
464
LT Debt
- -
- -
- -
16
16
15
28
66
50
127
29
45
27
24
Total Equity
435
711
622
626
656
598
574
468
589
500
481
669
612
679
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
2.74
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
6.85
Return on Common Equity (%)
-12.1
-6.01
-13.97
0.72
4.8
-3.06
-1.74
1.06
20.59
-13.33
-5.17
-2.55
-8.71
10.2

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
508
535
570
LT Borrowings
11
10
10
LT Finance Leases
17
15
14
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
57
57
57
Market Capitalization
1,096
944
3,672

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
934
976
1,066
Cash, Cash Equivalents & STI
161
203
224
Accounts Receivable, Net
486
493
546
Inventories
145
149
154
Total Current Liabilities
538
559
602
Payables & Accruals
- -
- -
- -
ST Debt
508
535
570
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.16%
7.48%
-8.44%
Free Cash Flow
-140.47%
-117.74%
-62.77%
Net Income, GAAP
199.71%
376.73%
280.06%
Sales/Revenue/Turnover
3.26%
10.98%
1.18%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
218
336
293
344
1,191
2025
296
304
280
325
1,205
2026
317
356
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.61
-0.4
-0.54
-0.3
2025
-0.11
-0.97
- -
0.11
-0.97
2026
0.3
0.73
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Xin Yu Chen
Full Time Employees
120
Sector
Non-energy minerals
Industry
Other metals/Minerals
Address
4, No. 38, Xinguang Road Kaohsiung City KHH Taiwan 802
IPO Date
Mar 7, 2005
Website
fcm.com.tw
Business
Feng Ching Metal Corporation (2061.TWO) manufactures, processes and distributes enameled copper wires and related products primarily for use as insulating magnetic materials in transformers, rectifiers, motors and electrical loops. The company offers new energy insulated wires, three-layer insulated and standard enameled wires, FIW flat insulated wires, PI film coated wires, Teflon high-temperature wires, skeletonless coils, copper bonding wires and polyether diol coated copper bonding wires. Feng Ching Metal operates through two main segments, enameled wires and others, with production and sales extending to Taiwan, Mainland China, Vietnam, Thailand and international markets. Founded in 1983 and headquartered in Kaohsiung City, Taiwan, at 30F.-4, No. 38, Xinguang Rd., Lingya Dist., the company serves industries including power, communications, data transmission and new energy applications, focusing on fine and ultra-fine wires with high conductivity and low loss. Raw materials consist of bare copper wire sourced from domestic suppliers such as Walsin, Huarong Wire and Ji Copper Company, along with varnish from Guojing Chemical and Yifang Chemical. In recent developments, Feng Ching Metal reported revenue of NT$1.191 billion for 2024, reflecting 34.19% growth from NT$887.425 million in 2023 amid ongoing operational challenges, with third quarter 2025 earnings showing a reduced loss of NT$0.004 per share compared to NT$0.40 in the prior year period. The company maintains a debt-to-equity ratio of approximately 0.78, indicating prudent leverage management, though it has yet to resume dividend payouts. No major acquisitions, partnerships or strategic shifts have been publicly announced in the last 1-2 years.