1. Taiwan Stocks

  2. •

    Consumer non-durables

  3. •

    Food: major diversified
Ve Wong Corporation

Ve Wong Corporation

TTWSE:1203
43.15
TWD
+1.05
(+2.49%)
3.01EPS
20.67P/E
10.34BMarket 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
25.23
26.49
27.9
26.7
26.06
25.58
26.6
25.43
24.5
26.86
26.94
26.45
23.79
22.52
Basic EPS, GAAP
1.11
1.12
1.12
1.78
1.86
1.82
1.92
1.81
1.88
2.63
1.8
2.36
1.81
2.1
Free Cash Flow per Basic Share
3.13
2.56
2.3
4.33
2.85
1.67
1.34
4.21
3.59
-0.29
4.29
2.81
4.95
4.28
Dividend per Share
0.3
1.01
1.01
1.01
1.01
1.31
1.01
1
1.1
1.1
1.1
1.1
1.2
- -
Book Value per Share
17.17
17.85
17.8
18.43
19.12
19.9
21.02
21.69
22.17
23.28
24.27
26
26.84
27.33
Tangible Book Value per Share
17.17
17.85
17.8
18.43
19.12
19.9
21.02
21.69
22.17
23.28
24.27
26
26.84
27.33
Basic Weighted Avg Shares
238
238
238
238
238
238
238
238
238
238
238
238
238
237
Sales/Revenue/Turnover
5,996
6,297
6,633
6,347
6,195
6,081
6,323
6,044
5,825
6,386
6,404
6,287
5,655
5,335
Operating Margin (%)
7.43
8.02
10.84
11.82
16.99
16.06
14.62
16.21
14.84
13.08
13.38
17.13
16.53
15.08
Depreciation Expense
193
184
167
152
145
144
163
162
139
142
141
159
188
192
Net Income, GAAP
263
267
267
423
443
432
457
429
448
625
428
561
431
499
Effective Tax Rate (%)
31.56
32.28
24.13
23.23
28.17
30.95
24.83
26.28
24
20.66
28.49
27.46
26.9
25.48
Profit Margin (%)
4.39
4.24
4.02
6.66
7.14
7.1
7.23
7.1
7.69
9.79
6.68
8.92
7.61
9.35
Working Capital
1,497
1,822
2,034
2,170
2,452
2,444
2,600
2,689
2,617
2,827
2,646
2,910
3,131
2,869
LT Debt
3
- -
- -
- -
- -
- -
59
77
93
85
219
92
194
169
Total Equity
4,897
5,150
5,167
5,283
5,609
5,880
6,216
6,312
6,251
6,576
6,762
7,211
7,424
7,356
Return on Invested Capital (%)
5.87
6.09
9.5
9.89
11.73
10.04
9.95
9.86
8.89
9.89
7.75
9.69
8.06
7.37
Return on Capital (%)
3.38
3.44
1.5
3.82
2.35
2.54
3.02
2.45
2.9
5.01
2.75
3.41
2.29
3.8
Return on Common Equity (%)
6.63
6.35
6.26
9.82
9.92
9.31
9.39
8.45
8.59
11.58
7.57
9.39
6.86
8.06

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
889
876
845
LT Borrowings
53
43
33
LT Finance Leases
141
140
136
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
238
238
238
Market Capitalization
9,449
9,389
10,340

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,767
5,022
4,864
Cash, Cash Equivalents & STI
2,974
3,260
3,014
Accounts Receivable, Net
336
328
362
Inventories
1,258
1,230
1,263
Total Current Liabilities
1,636
1,735
1,995
Payables & Accruals
- -
- -
- -
ST Debt
889
876
845
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.72%
3.33%
2.97%
Free Cash Flow
-145.92%
-333.18%
76.21%
Net Income, GAAP
8.09%
4.07%
-23.26%
Sales/Revenue/Turnover
-1.46%
-1.12%
-10.06%
Total Cash Common Dividend
- -
- -
9.09%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,558
1,523
1,444
1,763
6,287
2025
1,543
1,412
1,383
1,317
5,655
2026
1,324
1,311
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.64
0.5
0.44
0.78
2.36
2025
0.58
0.06
0.64
0.54
1.81
2026
0.49
0.44
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.1
2025
- -
- -
- -
- -
1.2
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Kung Ping Chen
Full Time Employees
1,778
Sector
Consumer non-durables
Industry
Food: major diversified
Address
No. 79, Chungshan North Road Taipei TP Taiwan
IPO Date
Aug 24, 1964
Website
vewong.com
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Business
Ve Wong Corporation (1203.TW), founded in 1959 and headquartered in Taipei, Taiwan, produces and distributes a wide range of packaged foods, beverages, and seasonings primarily in Taiwan, Thailand, and Vietnam. The company offers core products including instant noodles and soups; monosodium glutamate (MSG) and IG-enriched MSG; soup base seasonings and spice powder mixes; soy sauces; canned fried glutens and canned mixed porridge in Chinese style; canned drinks such as asparagus, lemon tea, peach, guava, orange, mixed fruits and vegetables, winter melon, honey herbal jelly, paochong tea, and barley; pre-cooked Chinese-style fast foods; and mineral water, sold under brands including Ve Wong, A-One, Vihuongto, Champion, Prince, Kung-Fu, Kim Ve Wong, Rarity, and Hot of Hots. It also imports canola cooking oil from Canada, Japanese spirits, and Alaskan glacier water; engages in residential, building, and industrial plant development with leasing and sales; invests in public construction works; and imports tobacco, alcohol, and beverages. Recent developments include the launch of new biomedical frozen drinks in partnership during 2025 and ongoing initiatives such as the 12th Love Graffiti art competition and awards in 2025, alongside consistent sales in its seasoning business segment reported through 2024.