Niching Industrial Corp.

Niching Industrial Corp.

TTPEX:3444
73.40
TWD
+0.20
(+0.27%)
4.09BMarket Cap
Oct 29Next Earn
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
19.61
26.62
24.28
22.17
22
20.34
19.6
23.51
29.72
26.58
22.15
25.63
28.34
- -
Basic EPS, GAAP
0.69
1.5
1.06
1.1
1.17
1.45
2.55
2.59
3.28
4.91
2.12
2.39
2.15
- -
Free Cash Flow per Basic Share
-1.19
-3.47
2.96
0.7
0.9
0.72
-0.63
0.92
5.66
2.53
3.39
0.27
2.32
- -
Dividend per Share
0.86
0.67
0.95
0.95
0.95
0.95
0.95
1.72
1.72
2.25
3.8
2.25
2
- -
Book Value per Share
13.16
14.1
14.15
14.08
14.15
15.86
16.96
17.97
19.68
22.44
24.15
23.87
23.98
23.32
Tangible Book Value per Share
13.16
14.1
14.15
14.07
14.15
15.85
16.95
17.96
19.67
22.42
24.13
23.87
23.98
23.32
Basic Weighted Avg Shares
41
41
41
41
41
41
41
41
41
40
44
45
45
45
Sales/Revenue/Turnover
804
1,092
996
909
902
834
804
964
1,219
1,060
976
1,153
1,275
- -
Operating Margin (%)
1.91
4.26
3.57
4.84
5.95
7.4
11.35
12.1
11.88
11.76
7.74
7.06
5.85
- -
Depreciation Expense
7
8
9
8
9
8
11
11
14
15
16
18
19
- -
Net Income, GAAP
28
61
43
45
48
60
105
106
134
196
94
107
97
- -
Effective Tax Rate (%)
13.47
11.91
13.49
13.18
15.29
26.61
17.95
14.99
18.95
16.29
16.36
25.11
12.61
- -
Profit Margin (%)
3.53
5.62
4.35
4.98
5.3
7.13
13.03
11.04
11.03
18.48
9.58
9.32
7.58
- -
Working Capital
387
299
308
285
298
317
300
330
385
447
604
546
636
586
LT Debt
- -
- -
- -
- -
- -
- -
1
1
2
2
5
3
1
4
Total Equity
540
578
580
577
580
650
695
737
807
920
1,086
1,074
1,079
1,049
Return on Invested Capital (%)
2.42
6.68
4.77
6.26
7.21
6.24
10.21
10.8
12.61
10.09
5.68
5.29
5.97
- -
Return on Capital (%)
5.19
10.16
6.89
7.55
7.99
9.45
13.7
11.83
14.36
19.62
8.7
9.9
8.95
- -
Return on Common Equity (%)
5.24
10.98
7.48
7.82
8.26
9.67
15.57
14.86
17.41
22.69
9.32
9.95
8.97
- -

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
4
3
214
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
45
45
45
Market Capitalization
3,352
2,718
4,090

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,047
983
1,189
Cash, Cash Equivalents & STI
510
489
708
Accounts Receivable, Net
455
403
414
Inventories
66
74
47
Total Current Liabilities
411
416
602
Payables & Accruals
- -
- -
- -
ST Debt
4
3
214
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.59%
8.19%
0.45%
Free Cash Flow
67.32%
234.89%
756.77%
Net Income, GAAP
13.68%
4.92%
-10.1%
Sales/Revenue/Turnover
3.35%
6.83%
10.54%
Total Cash Common Dividend
- -
- -
-11.31%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
238
301
305
309
1,153
2025
301
323
- -
344
1,275
2026
316
337
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.69
0.73
0.16
0.8
2.39
2025
0.79
0.41
- -
0.51
2.15
2026
0.41
0.64
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.25
2025
- -
- -
- -
- -
2
2026
- -
- -
- -
- -
- -

Company Description

CEO
Hung Chi Chang
Full Time Employees
81
Sector
Electronic technology
Industry
Semiconductors
Address
No. 767, Taiwan Boulevard Taichung TXG Taiwan 40755
IPO Date
Apr 18, 2007
Business
Niching Industrial Corporation is a Taiwan-based company primarily engaged in the manufacture, marketing, and sales of semiconductor, flat panel display, LED, green energy, and nanotechnology products. Its core product portfolio includes semiconductor components such as capillaries, packaging components, lead frames, film wafers, dummy wafers, memory module boards, printed circuit boards for flash memory cards, multi-chip packages, and land grid array substrates. The company also provides optoelectronic products including integrated circuit chip trays, chip on flex/tape automated bonding tapes, shipping reels, emboss and metal targets, as well as aerogel, markings, and clean room supplies used in the green energy industry and other sectors. Niching offers solutions encompassing customized silver paste products (pure and hybrid silver sintering paste, anisotropic conductive paste, conductive silver paste, screen-printing silver paste), IC heat dissipation, vacuum valves, and packaging and testing services. It operates in Taiwan with business locations in Taichung, Hsinchu, Kaohsiung, and Suzhou and serves advanced material requirements for semiconductor, flat panel display, and LED industries. Founded in 1993 and headquartered in Taichung, Niching was listed on the Taipei Exchange in 2008. The company has developed proprietary nanomaterial technologies through its Nano-Material Laboratory since 2005 and was the first in Taiwan to commercialize self-made touch nano silver in 2013. Recent strategic initiatives include obtaining Sports Enterprise Certification from Taiwan's Ministry of Education and the Taiwan Talent Sustainability Action Alliance badge in 2024, underscoring its commitment to ESG integration and sustainable development. Niching continues expanding its product offerings and operational capabilities within semiconductor materials and green energy sectors while maintaining a strong focus on advanced technological R&D and tailored customer solutions. Niching Industrial employs a business model that combines sales agency functions for advanced semiconductor and display materials and in-house research, development, and manufacturing of specialized products. Its recent operational developments include enhancement of marketing channels for semiconductor, flat panel display, LED, green energy, and nanotechnology fields and ongoing innovation in silver paste and related materials. The company remains positioned to leverage technological advancements and industry growth trends in semiconductor packaging, electronic components, and sustainable energy solutions to create long-term value for its stakeholders. Niching maintains approximately 81 employees under the leadership of CEO Hung-Chi Chang. Overall, Niching Industrial Corporation serves critical segments in technology materials and components with a diversified product suite designed for semiconductor, display, LED, and green energy applications primarily in Taiwan and China, solidifying its role as a key player in these specialized industrial markets. Its blend of proprietary nano-material technologies, sustainable business practices, and comprehensive product offerings underpin its competitive market stance and ongoing business expansion efforts.