Wholetech System Hitech Limited

Wholetech System Hitech Limited

TTPEX:3402
127.00
TWD
-3.00
(-2.31%)
7.13EPS
20.61P/E
10.81BMarket 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
16.21
26.42
34.24
44.93
46.59
50.92
37.7
39.55
47.9
65.4
60.76
75.12
71.81
77.61
Basic EPS, GAAP
0.02
0.64
1
2.56
2.77
3.56
2.61
2.94
3.93
5.28
5.46
6.78
7.5
7.18
Free Cash Flow per Basic Share
-1.98
1.02
1.47
2.56
-1.94
5.58
3.76
6.64
1.13
20.62
1.7
24.54
-9.11
-1.62
Dividend per Share
0.89
- -
0.48
0.85
2
2.45
3
1.52
2.7
3
4.2
4.5
5
- -
Book Value per Share
14.76
16.26
16.68
18.08
18.78
19.75
19.1
20.44
22.02
24.42
25.57
28.26
30.96
28.95
Tangible Book Value per Share
14.62
16.12
16.53
17.93
18.64
19.6
18.96
20.29
21.87
24.28
25.43
28.11
30.82
28.81
Basic Weighted Avg Shares
70
72
73
73
73
73
73
72
72
73
73
73
73
73
Sales/Revenue/Turnover
1,139
1,912
2,501
3,282
3,404
3,720
2,754
2,848
3,432
4,778
4,439
5,487
5,246
5,666
Operating Margin (%)
1.33
2.87
3.41
6.71
7.68
9.09
11.29
8.36
9.7
9.85
10.23
10.44
13.53
12.03
Depreciation Expense
20
21
29
30
30
36
40
42
40
46
49
56
66
72
Net Income, GAAP
1
46
73
187
203
260
191
212
281
386
399
495
548
524
Effective Tax Rate (%)
87.61
25.84
19.55
16.48
15.57
24.81
27.97
27.26
24.91
26.67
25.51
26.13
26.41
24.49
Profit Margin (%)
0.11
2.4
2.93
5.69
5.95
6.99
6.92
7.43
8.19
8.07
8.99
9.02
10.44
9.25
Working Capital
792
879
972
1,060
1,012
1,073
990
1,062
1,225
1,228
1,264
1,253
1,112
866
LT Debt
14
12
51
- -
2
2
1
2
2
1
- -
- -
- -
- -
Total Equity
1,087
1,188
1,218
1,320
1,372
1,443
1,395
1,462
1,608
1,784
1,868
2,064
2,262
2,115
Return on Invested Capital (%)
0.14
2.73
4.03
9.73
12.05
13.87
11.64
13.41
16.59
18.32
15.04
18.5
22.46
22.69
Return on Capital (%)
0.11
3.2
4.45
10.35
11.42
16.28
12.74
14.33
17.59
20.58
18.66
23.47
24.8
24.47
Return on Common Equity (%)
0.12
4.04
6.1
14.71
15.05
18.47
13.44
14.81
18.32
22.74
21.85
25.18
25.32
25.95

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
89
400
182
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
73
73
73
Market Capitalization
9,825
8,291
10,811

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,984
5,257
5,552
Cash, Cash Equivalents & STI
2,443
2,412
2,472
Accounts Receivable, Net
764
1,081
1,050
Inventories
610
563
679
Total Current Liabilities
3,872
4,493
4,686
Payables & Accruals
- -
- -
- -
ST Debt
89
400
182
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.47%
9.14%
9.58%
Free Cash Flow
234.42%
558.42%
-137.14%
Net Income, GAAP
28.38%
21.65%
10.63%
Sales/Revenue/Turnover
9.35%
14.37%
-4.4%
Total Cash Common Dividend
35.53%
29.6%
11.11%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,314
1,410
1,404
1,359
5,487
2025
1,241
1,283
1,362
1,360
5,246
2026
1,373
1,571
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.42
1.77
1.76
1.83
6.78
2025
1.73
2.23
2.03
1.51
7.5
2026
1.56
2.08
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
4.5
2025
- -
- -
- -
- -
5
2026
- -
- -
- -
- -
- -

Company Description

CEO
Ching Chuan Hsieh
Full Time Employees
200
Sector
Industrial services
Industry
Engineering & construction
Address
No. 487, Gaofeng Road Hsinchu Taiwan 300
IPO Date
Dec 9, 2004
Business
Wholetech System Hitech Limited engages principally in the design, planning, construction, and maintenance of process piping projects, clean rooms, and electromechanical engineering systems for the semiconductor and high-tech industries. The company operates through its Engineering and Equipment segments, offering semiconductor equipment, pipeline systems, chemical equipment, chemical supply and slurry supply systems, gas exhaust and waste gas treatment equipment, automatic control systems; engineering plastics, instruments, thermal management systems, tanks, workbenches, drug tanks, and chemical fume hoods; gas supply systems, clean room systems, process exhaust systems, PCW, MEP, fire protection, and cooling systems; vacuum piping systems and pipeworks, monitoring systems, wet process equipment; special gas cylinder cabinets, exhaust gas handlers, and laminar flow benches; as well as trading in electronics, machinery, chemicals, pipes, fittings, hardware, and materials. It provides project contracting, installation, sales, and maintenance services, including construction of water, gas pipelines, sewage systems, gas production, and fuel gas distribution, with operations spanning Taiwan, China, Japan, and Singapore. Founded in 1990 and headquartered in Hsinchu City, Taiwan, the company changed its name from Wholetech Engineering Co., Ltd. to Wholetech System Hitech Limited in 2001 and listed on the Taipei Exchange under ticker 3402.TWO in 2004. Recent developments include approval of board changes at its annual general shareholders' meeting on June 19, 2025, alongside robust financial performance with 2024 revenue reaching NT$5.49 billion, up 23.62% year-over-year, and third-quarter 2025 earnings per share of NT$2.03; the company maintains a strong presence in semiconductor facility projects amid industry recovery and expansion demands.