Tah Hsin Industrial Corp.

Tah Hsin Industrial Corp.

TTWSE:1315
74.40
TWD
+3.80
(+5.38%)
2.49EPS
25.37P/E
5.97BMarket 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
31.93
29.29
28.53
30.23
27.79
26.62
17.82
18.39
19.2
27.94
22.58
22.48
23.89
22.1
Basic EPS, GAAP
1.64
2.31
2.68
3.18
1.8
2.4
5.1
44.71
0.04
7.41
3.66
2.15
1.55
2.46
Free Cash Flow per Basic Share
1.53
2.59
2.96
2.19
1.45
-0.09
1.54
0.88
-1.51
3.71
4.32
0.64
0.27
2.18
Dividend per Share
2
2.08
2.2
2.2
2.2
2.2
1.68
10.14
6.47
5
6
5
4.5
2.02
Book Value per Share
76.03
72.28
69.8
73.39
76.54
80.73
87.63
127.49
120.85
111.06
110.9
98.21
106.01
141.33
Tangible Book Value per Share
76.03
72.28
69.8
73.39
76.54
80.73
87.63
127.49
120.85
111.06
110.9
98.21
106.01
141.33
Basic Weighted Avg Shares
106
102
96
96
96
96
136
121
124
96
96
96
96
95
Sales/Revenue/Turnover
3,389
2,990
2,726
2,888
2,655
2,543
2,432
2,234
2,379
2,669
2,157
2,147
2,283
2,092
Operating Margin (%)
1.8
3.08
2.82
3.95
1.57
-0.23
1.18
1.8
0.38
6.43
0.47
-3.31
-1.17
-2.77
Depreciation Expense
63
64
63
61
58
51
52
57
58
67
86
100
97
96
Net Income, GAAP
174
236
256
304
172
229
696
5,429
5
708
349
206
148
233
Effective Tax Rate (%)
6.07
16.58
13.31
9.94
- -
5.49
4.96
8.48
97.71
9.6
4.68
20.27
6.98
15.77
Profit Margin (%)
5.13
7.88
9.38
10.51
6.47
9.02
28.63
243.08
0.23
26.53
16.2
9.57
6.47
11.15
Working Capital
3,321
2,987
2,802
3,164
3,224
3,082
5,491
9,049
8,061
7,273
7,060
5,833
6,421
9,580
LT Debt
48
29
17
15
10
6
19
13
10
8
62
52
16
12
Total Equity
7,547
7,166
6,921
7,289
7,335
7,723
8,393
12,204
11,570
10,639
10,623
9,410
10,159
13,536
Return on Invested Capital (%)
0.71
0.96
0.86
1.29
- -
-0.1
5.38
49.52
- -
1.33
0.13
-0.6
-0.25
-0.42
Return on Capital (%)
2.3
3.16
3.54
3.95
- -
2.8
7.97
50.74
0.04
6.17
3.2
1.98
1.46
2.03
Return on Common Equity (%)
2.36
3.21
3.63
4.28
2.36
3.05
8.66
52.84
0.05
6.39
3.3
2.06
1.51
2.08

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
187
196
219
LT Borrowings
- -
- -
- -
LT Finance Leases
16
14
12
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
96
96
96
Market Capitalization
6,161
6,037
5,970

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,863
7,354
10,042
Cash, Cash Equivalents & STI
5,861
6,378
8,992
Accounts Receivable, Net
341
198
283
Inventories
534
630
635
Total Current Liabilities
442
781
462
Payables & Accruals
- -
- -
- -
ST Debt
187
196
219
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.85%
-3.37%
7.95%
Free Cash Flow
-339.09%
-137.92%
-56.8%
Net Income, GAAP
1,378.2%
2,577.98%
-28.14%
Sales/Revenue/Turnover
-1.35%
1.07%
6.31%
Total Cash Common Dividend
- -
-16.39%
-10%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
456
559
511
622
2,147
2025
541
616
591
534
2,283
2026
401
566
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.42
0.62
0.46
0.65
2.15
2025
0.16
-0.6
1.43
0.56
1.55
2026
0.15
0.31
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
2.47
- -
5
2025
- -
- -
2
- -
4.5
2026
- -
- -
- -
- -
- -

Company Description

CEO
Po Tsung Hu
Full Time Employees
370
Sector
Consumer non-durables
Industry
Apparel/Footwear
Address
No. 51, 35th Road Taichung TX Taiwan
IPO Date
May 9, 1992
Business
Tah Hsin Industrial Corporation specializes in the manufacture and processing of plastic products, garments, furniture, office equipment, and corrugated boards. Its main products include rainwear such as waterproof and cold-proof raincoats; garments including uniforms, ski jackets, overalls, sports suits, dustcoats, jackets, and casual apparel; sundry items like sewn and heat-sealed bags, shower curtains, mattress covers, pillow protectors, and shopping bags; furniture products such as plastic wardrobes; office equipment including laminators, punching and binding machines; polypropylene (PP) corrugated boards; laminating films; artificial leather; and various fiber products. The company also trades fabrics, clothing, shoes, caps, umbrellas, and other apparel. Tah Hsin serves markets primarily in Taiwan, the United States, Japan, and Europe. Founded in 1958 and headquartered in Taichung, Taiwan, Tah Hsin operates production sites across multiple countries, including plants in Vietnam and Myanmar. Recent strategic developments include achieving ISO 9001:2015 Quality Management System certification for its Taiwan plants and overseas manufacturing sites as of 2025. The company has advanced sustainability initiatives, completing greenhouse gas inventory verifications, and implemented a photovoltaic system at its Chung-Kan Plant in Taichung Harbor Industrial Park, enhancing energy efficiency. Tah Hsin's 2024 Sustainability Report was finalized in mid-2025, reflecting its commitment to environmental responsibility and circular economy practices such as the increased use of recycled raw materials under GRS certification. Tah Hsin Industrial Corporation remains engaged in diversified business activities including manufacture, distribution, and export of its extensive product range, alongside property investments and leasing. It maintains a well-established presence in plastic and garment industries, with capabilities in OEM/ODM manufacturing for specialized outerwear including Gore-Tex and other waterproof apparel, targeting outdoor and workwear markets. The company’s continuous operational improvements and certifications underscore its emphasis on quality management and sustainable industrial practices.