APEX Wind Power Equipment Manufacturing Co., Ltd.

APEX Wind Power Equipment Manufacturing Co., Ltd.

TTPEX:7702
21.90
TWD
-0.70
(-3.10%)
1.29BMarket Cap
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.16
3
16.19
4.3
16.59
- -
Basic EPS, GAAP
1.57
0.24
1.86
-0.1
0.16
- -
Free Cash Flow per Basic Share
-0.6
0.72
3.64
-8.89
2.52
- -
Dividend per Share
- -
0.3
0.3
1
0.5
- -
Book Value per Share
11.04
10.99
12.55
11.44
11.11
10.73
Tangible Book Value per Share
11.04
10.99
12.55
11.41
10.66
10.3
Basic Weighted Avg Shares
66
66
66
66
66
66
Sales/Revenue/Turnover
208
198
1,069
284
1,095
- -
Operating Margin (%)
33.05
21.61
13.47
-8.59
2.02
- -
Depreciation Expense
56
62
65
72
71
- -
Net Income, GAAP
103
16
123
-7
11
- -
Effective Tax Rate (%)
- -
50.03
16.97
- -
- -
- -
Profit Margin (%)
49.74
8.15
11.48
-2.38
0.97
- -
Working Capital
234
241
277
166
201
195
LT Debt
100
137
45
580
569
563
Total Equity
729
725
828
755
733
708
Return on Invested Capital (%)
- -
2.46
12.71
- -
- -
- -
Return on Capital (%)
- -
2.07
14.5
- -
- -
- -
Return on Common Equity (%)
- -
2.22
15.8
-0.85
1.43
- -

Capital Structure

TWD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
455
53
193
LT Borrowings
538
538
538
LT Finance Leases
37
31
25
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
66
66
66
Market Capitalization
3,432
1,825
1,290

Working Capital

TWD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
727
344
425
Cash, Cash Equivalents & STI
127
138
175
Accounts Receivable, Net
523
100
211
Inventories
4
4
3
Total Current Liabilities
539
143
230
Payables & Accruals
- -
- -
- -
ST Debt
455
53
193
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-2.96%
Free Cash Flow
- -
- -
-128.28%
Net Income, GAAP
- -
- -
-257.78%
Sales/Revenue/Turnover
- -
- -
285.75%
Total Cash Common Dividend
- -
- -
-50%

Semi-annual Revenue

TWD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
284
2025
- -
- -
1,095
2026
- -
- -
- -

Semi-annual Earnings Per Share

TWD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.1
2025
- -
- -
0.16
2026
- -
- -
- -

Semi-annual Dividends Per Share

TWD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1
2025
- -
- -
0.5
2026
- -
- -
- -

Company Description

CEO
Chun Chieh Huang
Full Time Employees
82
Sector
Non-energy minerals
Industry
Steel
Address
No. 97, Section 4, Chongxin Road New Taipei Taiwan 241513
IPO Date
Oct 17, 2023
Business
APEX Wind Power Equipment Manufacturing Co., Ltd. (7702.TWO) manufactures and sells wind power equipment and components for the renewable energy sector. The company produces core products including wind turbine blades, hubs, and pitch systems; wind turbine generators and yaw systems; and related maintenance and engineering services for onshore and offshore wind farms. APEX operates primarily in Taiwan and exports to key markets in Asia, Europe, and North America, with headquarters in Taichung, Taiwan, where it was founded in 2008. The company serves utility-scale wind project developers, energy producers, and turbine manufacturers as its primary customers. Its business segments focus on wind turbine component fabrication, assembly, and after-sales support, positioning it within the global wind energy supply chain. APEX maintains strategic partnerships with leading turbine original equipment manufacturers (OEMs) to supply customized components. In recent developments, APEX announced a major expansion into offshore wind components in 2024, including new production lines for larger blades and hubs to meet growing demand in Taiwan's offshore wind projects. The company secured a significant funding round in early 2025 through green bonds issuance to support capacity upgrades and R&D for next-generation lightweight composites. Additionally, APEX formed a strategic alliance with European OEMs for technology transfer in yaw drive systems, enhancing its competitive edge in international markets.