TongHwa Corporation

TongHwa Corporation

TTWSE:1418
17.90
TWD
-0.10
(-0.56%)
-1.46EPS
966.74MMarket 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
17.74
16.6
11.87
39.34
37.77
12.03
3.9
1.84
0.72
0.38
0.38
0.19
0.1
0.1
Basic EPS, GAAP
-1.01
-1.32
-1.47
-4.16
-7.42
-4.01
-3.94
-4.2
-3.1
0.4
0.74
0.47
-1.29
-1.46
Free Cash Flow per Basic Share
0.06
-3.03
-0.41
-2.68
-6.53
-3.32
-5.44
-3.26
-2.63
-2.14
-2.94
-10.03
-11.43
-4.37
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
6.74
5.35
4.11
2.47
1.62
15.64
11.7
7.5
22.24
22.64
23.41
23.95
22.68
20.99
Tangible Book Value per Share
6.74
5.35
4.11
2.47
1.62
15.64
11.7
7.5
22.24
22.64
23.41
23.95
22.68
20.99
Basic Weighted Avg Shares
121
121
123
44
43
54
54
54
54
54
54
54
54
54
Sales/Revenue/Turnover
2,146
2,009
1,454
1,712
1,638
653
212
100
39
21
21
10
5
5
Operating Margin (%)
-6.68
-9.22
-14.38
-9.85
-17.72
-30.97
-90.97
-272.87
-625.14
-386
-362.24
-503.43
-1,403.87
-1,543.29
Depreciation Expense
99
101
93
80
79
77
68
41
13
3
4
4
7
9
Net Income, GAAP
-122
-160
-180
-181
-322
-218
-214
-228
-169
22
40
26
-70
-79
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.43
41.12
- -
- -
Profit Margin (%)
-5.7
-7.97
-12.38
-10.58
-19.64
-33.37
-101.2
-227.89
-428.92
105.12
194.21
251.61
-1,312.39
-1,523.58
Working Capital
-295
-401
-511
-661
-857
300
124
55
363
-1,601
-1,882
1,431
-2,042
1,370
LT Debt
- -
- -
- -
- -
- -
1,354
1,164
1,331
1,857
113
11
3,442
135
3,635
Total Equity
889
706
506
304
88
849
635
407
1,208
1,230
1,272
1,301
1,232
1,140
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-2.01
-0.7
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
2.99
1.77
- -
- -
Return on Common Equity (%)
-12.86
-20.09
-29.72
-44.71
-164.17
-46.51
-28.84
-43.78
-20.87
1.79
3.2
2
-5.52
-6.73

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3,663
3,813
178
LT Borrowings
127
- -
3,628
LT Finance Leases
9
8
8
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
54
54
54
Market Capitalization
1,078
1,007
967

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,642
1,617
1,571
Cash, Cash Equivalents & STI
787
758
692
Accounts Receivable, Net
- -
- -
- -
Inventories
840
849
862
Total Current Liabilities
3,684
3,832
201
Payables & Accruals
- -
- -
- -
ST Debt
3,663
3,813
178
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
89.21%
39.73%
-5.33%
Free Cash Flow
51.8%
50.95%
13.9%
Net Income, GAAP
-41.18%
-92.51%
-371.23%
Sales/Revenue/Turnover
-37.4%
-41.39%
-48%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4
2
1
3
10
2025
3
1
- -
2
5
2026
1
3
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.65
-0.45
-0.47
2.05
0.47
2025
-0.69
-0.83
-0.71
0.95
-1.29
2026
-0.75
-0.94
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

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

Company Description

CEO
Chuang Ju Lin
Full Time Employees
236
Sector
Process industries
Industry
Chemicals: specialty
Address
No.56, Xinsheng South Road Taipei TP Taiwan 100
IPO Date
Feb 14, 1977
Business
Tong-Hwa Synthetic Fiber Company Limited, founded in 1970 and headquartered in Taipei, Taiwan, is principally engaged in the manufacture and distribution of polyacrylonitrile fibers, commonly known as acrylic fibers. The company's core product portfolio includes a range of acrylic fiber types such as T-40, flat fibers (T-56), 1.5 denier and 0.9 denier tows, anti-gigging-pilling fibers (T-612), heat retention fibers, carbon fibers, oxide fibers, and flat fibers. These products are primarily applied in the production of sweaters, flannel, blankets, carpets, hand knitting yarn, sofa fabrics, socks, toys, and interior accessories. Tong-Hwa markets its products under the brand name "Townflower" and maintains a production capacity of approximately 52,000 tons per year. Geographically, Tong-Hwa predominantly distributes its products across Asian markets, including Mainland China, as well as North America and the Middle East, serving customers in apparel, fashion, textiles, and home furnishing sectors. The company operates in the specialty chemicals and synthetic fiber industry, focusing on high-quality acrylic fiber manufacturing for diverse textile applications. Recent major developments for Tong-Hwa Synthetic Fiber Company Limited include its continued strategic emphasis on sustainable practices aligned with low-carbon transformation plans initiated in 2024. The company is expanding production capabilities and enhancing product innovations to meet evolving market demands. Although there have been no widely reported acquisitions or partnerships in the past one to two years, Tong-Hwa has focused on solidifying its competitiveness through product quality improvements and capacity expansion. The company sustains its operations globally with an emphasis on both traditional fiber markets and emerging sustainable product lines. Overall, Tong-Hwa Synthetic Fiber Company Limited is a longstanding manufacturer specializing in advanced acrylic fiber products tailored for apparel and textile industries, leveraging its strong brand presence and geographic reach primarily across Asia, along with growing attention to sustainability and production enhancements in recent years.