China Ecotek Corp.

China Ecotek Corp.

TTWSE:1535
45.80
TWD
+0.20
(+0.44%)
3.84EPS
13.09P/E
6.22BMarket Cap
Oct 30Next 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
84.47
83.65
77.35
68.49
80.58
87.39
75.28
71.41
68.49
71.47
78.87
87.75
91.85
80.27
Basic EPS, GAAP
5.06
5.51
4.11
2
1.51
0.79
1.03
1.6
3.26
4.21
4.5
4.06
4
3.84
Free Cash Flow per Basic Share
18.43
-2.79
-6.49
-3.02
2.87
-3.17
7.88
10.24
-2.22
-1.18
-5.04
7.8
7.24
9.51
Dividend per Share
3.9
3.5
4.5
3
1.8
1.25
1.1
1.2
1.35
2.6
3
3.3
3
- -
Book Value per Share
26.46
29.41
28.24
25.91
24.75
24.23
23.96
23.92
26.1
28.37
29.59
30.24
30.89
30.17
Tangible Book Value per Share
26.38
29.31
28.15
25.83
24.67
24.16
23.91
23.89
26.07
28.3
29.49
30.15
30.81
30.11
Basic Weighted Avg Shares
121
124
124
124
124
124
124
124
124
124
124
124
124
124
Sales/Revenue/Turnover
10,261
10,352
9,571
8,475
9,971
10,814
9,316
8,836
8,485
8,844
9,759
10,859
11,366
9,944
Operating Margin (%)
5.22
5.18
3.99
6.11
2.51
0.27
0.34
0.9
3.02
3.77
4.76
4.38
4.1
4.77
Depreciation Expense
25
28
28
27
27
26
53
57
57
60
65
79
91
84
Net Income, GAAP
615
681
509
248
187
98
127
197
404
521
557
502
495
476
Effective Tax Rate (%)
17.87
20.62
12.9
38.15
23.46
31.02
22.45
17.55
16.35
14.93
18.8
19.73
18.75
19.6
Profit Margin (%)
5.99
6.58
5.32
2.93
1.87
0.91
1.36
2.23
4.76
5.89
5.71
4.62
4.36
4.79
Working Capital
2,192
2,515
2,330
2,270
2,243
2,241
1,916
1,865
1,527
1,668
1,432
1,120
1,624
1,554
LT Debt
- -
- -
- -
- -
- -
- -
48
57
67
57
51
39
24
18
Total Equity
3,275
3,639
3,494
3,206
3,062
2,998
2,965
2,960
3,230
3,511
3,661
3,743
3,822
3,733
Return on Invested Capital (%)
13.28
12.04
8.56
6.93
4.07
0.47
0.68
2.21
6.94
8.25
10.02
9.85
9.73
9.82
Return on Capital (%)
19.13
19.71
13.36
5.51
4.15
2.49
3.54
6.22
12.7
15.02
14.97
13.06
12.81
12.35
Return on Common Equity (%)
20.58
19.71
14.27
7.4
5.96
3.23
4.25
6.66
13.05
15.44
15.53
13.56
13.09
12.51

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
26
20
21
LT Borrowings
- -
- -
- -
LT Finance Leases
24
21
18
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
124
124
124
Market Capitalization
6,583
6,472
6,224

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,819
4,550
5,090
Cash, Cash Equivalents & STI
2,413
2,066
2,601
Accounts Receivable, Net
721
812
887
Inventories
35
35
33
Total Current Liabilities
3,195
2,900
3,536
Payables & Accruals
- -
- -
- -
ST Debt
26
20
21
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.03%
5.29%
2.13%
Free Cash Flow
-88.17%
-20.87%
-7.15%
Net Income, GAAP
9.09%
25.85%
-1.32%
Sales/Revenue/Turnover
2.22%
5.31%
4.67%
Total Cash Common Dividend
1.46%
24.28%
-9.09%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,604
2,619
2,591
3,044
10,859
2025
2,470
3,070
- -
2,687
11,366
2026
2,203
1,984
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.97
0.98
0.92
1.2
4.06
2025
0.88
0.99
- -
1.21
4
2026
0.77
0.87
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3.3
2025
- -
- -
- -
- -
3
2026
- -
- -
- -
- -
- -

Company Description

CEO
Chih Feng Lee
Full Time Employees
12,854
Sector
Industrial services
Industry
Engineering & construction
Address
No. 88 Chenggong 2nd Road Kaohsiung City KH Taiwan 80661
IPO Date
Jan 4, 2000
Business
China Ecotek Corporation (1535.TW), founded in 1993 and headquartered in Kaohsiung, Taiwan, provides planning, design, installation, maintenance, and environmental impact assessment services for environmental protection engineering, cogeneration engineering, and steel industry projects primarily in Taiwan with operations extending to China and Southeast Asia. The company offers comprehensive engineering solutions including mechanical engineering such as building information modeling, piping stress analysis, pipeline and tank design, and construction management; instrument and electrical engineering encompassing power systems for ultra-high voltage substations, PLC/HMI and DCS systems, and online monitoring; incineration plants with turnkey solutions and operations & maintenance; air pollution control via bag filter dust collectors, flue gas desulfurization, and denitrification systems; cogeneration plants featuring feasibility studies, energy integration, and EPC turnkey projects; water treatment engineering for industrial, urban sewage, and wastewater projects including physical-chemical, biological, and membrane treatments; water treatment chemicals like boiler deoxidizers, cooling water biocides, coagulants, and sludge agents; civil engineering with geological surveys, foundation works, steel structures, and concrete construction; conveyor system engineering for belt conveyors, reclaimers, and storage yards; refractory material engineering for coke ovens and technical services; biotechnology and pharmaceutical plant engineering covering MEP design, procurement, construction, and validation; other maintenance including sintering overhauls, steel plant services, and PV solar O&M; as well as product sales and agency for LED lights, air purifiers, and anti-corrosion materials. Recent developments include steady revenue growth with 2025 third quarter EPS of NT$0.92 matching prior year levels and second quarter EPS of NT$0.99, an increased cash dividend to NT$3.30 approved in mid-2025, and diversification efforts such as land purchases for factories to generate rental income, store materials like refractory and sorptive products, and mitigate inflation impacts alongside the launch of an e-commerce shopping website offering home appliances, daily necessities, LED lamps, and customized air purification equipment.