1. Taiwan Stocks

  2. •

    Process industries

  3. •

    Agricultural commodities/Milling
Lien Hwa Industrial Holdings Corporation

Lien Hwa Industrial Holdings Corporation

TTWSE:1229
39.95
TWD
-0.05
(-0.12%)
2.64EPS
17.35P/E
76.83BMarket Cap
Nov 18Next 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
2.94
2.9
2.9
2.85
2.62
2.78
4.54
5.24
6.21
6.76
7.45
7.1
7.45
6.58
Basic EPS, GAAP
0.73
0.94
0.77
1.18
1.62
1.35
1.52
1.7
2.24
2.12
2.28
2.3
2.52
2.43
Free Cash Flow per Basic Share
0.62
0.76
0.85
1.2
0.81
1.08
1.47
1.16
0.92
1.89
1.58
2.04
3.22
3.4
Dividend per Share
0.47
0.47
0.65
0.58
0.8
0.94
0.92
0.96
1.19
1.39
1.05
1.13
1.21
- -
Book Value per Share
11.39
11.81
11.01
12.03
13.77
13.4
14.8
17.45
21.69
20.46
25
28.71
31.35
34.44
Tangible Book Value per Share
11.38
11.8
11
12.02
13.76
13.39
14.74
17.4
21.63
20.37
24.86
28.59
31.27
34.37
Basic Weighted Avg Shares
1,826
1,831
1,832
1,832
1,832
1,831
1,822
1,822
1,822
1,825
1,825
1,825
1,825
1,836
Sales/Revenue/Turnover
5,364
5,302
5,304
5,223
4,800
5,098
8,271
9,544
11,323
12,326
13,598
12,947
13,584
12,086
Operating Margin (%)
4.5
4.8
5.7
12.17
10.04
5.91
11.49
11.04
12.74
12.68
8.55
10.28
15.07
9.43
Depreciation Expense
168
171
193
204
209
222
334
325
353
390
413
424
453
475
Net Income, GAAP
1,334
1,719
1,416
2,154
2,974
2,476
2,767
3,099
4,089
3,872
4,158
4,191
4,600
4,456
Effective Tax Rate (%)
3.91
4.51
0.39
4.05
3.03
- -
4.11
3.66
1.56
1.67
3.19
3.89
5.1
6.04
Profit Margin (%)
24.87
32.42
26.7
41.24
61.96
48.58
33.45
32.47
36.11
31.41
30.58
32.37
33.86
36.87
Working Capital
-442
-355
-219
-866
-540
-1,966
-403
-1,755
-1,834
812
1,788
1,752
2,478
-2,227
LT Debt
1,300
800
1,100
500
900
900
959
1,359
1,663
3,630
4,042
3,693
3,928
1,783
Total Equity
20,907
21,684
20,257
22,115
25,286
24,621
37,630
44,450
56,423
53,432
65,368
73,800
78,537
88,987
Return on Invested Capital (%)
0.94
0.96
1.23
2.47
1.71
- -
2.46
2.05
2.33
2.28
1.56
1.54
2.19
1.17
Return on Capital (%)
5.66
7.12
5.97
8.93
11.09
- -
6.56
5.61
5.77
4.55
5.18
4.5
4.33
4.67
Return on Common Equity (%)
6.58
8.1
6.77
10.21
12.59
9.95
10.73
10.54
11.47
10.08
10.03
8.55
8.39
7.99

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
7,698
6,659
10,117
LT Borrowings
3,499
4,099
1,400
LT Finance Leases
429
395
383
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,825
1,825
1,825
Market Capitalization
85,055
80,583
76,827

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
15,946
15,607
17,951
Cash, Cash Equivalents & STI
6,257
6,785
7,440
Accounts Receivable, Net
2,281
1,423
1,556
Inventories
2,127
2,125
2,262
Total Current Liabilities
13,469
15,478
20,178
Payables & Accruals
- -
- -
- -
ST Debt
7,698
6,659
10,117
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.51%
12.66%
6.42%
Free Cash Flow
21.14%
30.97%
57.5%
Net Income, GAAP
14.18%
8.92%
9.76%
Sales/Revenue/Turnover
11.22%
7.59%
4.92%
Total Cash Common Dividend
7.69%
6.14%
7.71%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,051
3,939
2,784
3,173
12,947
2025
2,426
4,105
3,232
3,820
13,584
2026
2,523
2,511
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.6
0.7
0.41
0.54
2.3
2025
0.51
0.74
0.7
0.56
2.52
2026
0.54
0.64
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
1.12
- -
1.13
2025
- -
- -
- -
- -
1.21
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Feng Chiang Miao
Full Time Employees
1,628
Sector
Process industries
Industry
Agricultural commodities/Milling
Address
No. 44, Chengde Road Taipei TP Taiwan 115
IPO Date
Jul 19, 1976
Website
lhicholdings.com
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Business
Lien Hwa Industrial Holdings Corporation (TAIEX: 1229) is a Taiwan-based holding company primarily engaged in general investments, flour production and sales, real estate rental and development, system integration services, and green energy initiatives. Founded in 1952 as Lien Hwa Flour Company and listed publicly in 1976, the company is headquartered at No. 44, Section 1, Chengde Road, Datong District, Taipei, Taiwan, and operates as the founder of the MiTAC-Synnex Group with subsidiaries and affiliates worldwide. Its core products and services encompass flour and processed wheaten foods including wheat bran, wheat bran particles, hulled barley, barley bran, ready mixes, and pasta through Lien Hwa Milling Corp, Taiwan's largest flour business; real estate leasing and factory development across Taipei, Taoyuan, Yunlin, and Chiayi via Lien Hwa Property Development; system integration, automatic systems, application software design, industrial computers, and "cloud-edge-endpoint" solutions through MiTAC Inc. and affiliates; green energy machinery, power generation equipment, and net-zero solutions via the Lien Hwa New Energy division and Asia Hydrogen Energy Corporation; as well as petroleum chemicals, industrial gases, freight logistics, wholesaling, retailing, restaurant operations, and electronic investments. The company serves distributors, chained stores, food companies, and enterprises primarily in Taiwan, Mainland China, and other international markets. In recent developments, Lien Hwa completed the acquisition of a 50.927% stake in Asia Hydrogen Energy Corporation in November 2023 to bolster its green energy portfolio; established the Lien Hwa New Energy division in January 2023 to consolidate innovative green-energy investments and support Taiwan's net-zero transition; and changed its name from Lien Hwa Industrial Investment Holdings Corporation to Lien Hwa Industrial Holdings Corporation in August 2024 following shareholder approval in May 2024 to enhance operational efficiency and resource integration. These moves follow its 2019 transformation into a holding company with a spinoff of flour and rental businesses to subsidiaries Lien Hwa Milling Corporation and Lien Hwa Property Development Corporation, alongside ongoing investments in affiliates like MiTAC Information Technology Corp., UPC Technology Corp., Synnex Technology International Corp., Getac Holdings Corp., and Linde LienHwa. The company reported consolidated net income of NT$3.83 billion for the nine months ended September 30, 2024, driven by equity-method affiliates and diversified segments including system integration services generating NT$5.73 billion in 2024 sales.