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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
China Ecotek Corp.
TWSE:1535
(Taiwan Stock Exchange)

Recent

price

45.80

P/E

ratio

13.09

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
66.26
75.1
86.79
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
Revenue per Share
4.44
4.9
4.84
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
Basic EPS, GAAP
10.14
-4.47
4.29
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
Free Cash Flow per Basic Share
2.7
3.2
3.47
3.9
3.5
4.5
3
1.8
1.25
1.1
1.2
1.35
2.6
3
3.3
3
- -
Dividend per Share
19.52
21.21
23.26
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
Book Value per Share
19.52
21.14
23.19
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
Tangible Book Value per Share
113
113
114
121
124
124
124
124
124
124
124
124
124
124
124
124
124
Basic Weighted Avg Shares
7,490
8,490
9,886
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
Sales/Revenue/Turnover
6.07
5.46
5.03
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
Operating Margin (%)
19
20
24
25
28
28
27
27
26
53
57
57
60
65
79
91
84
Depreciation Expense
502
554
552
615
681
509
248
187
98
127
197
404
521
557
502
495
476
Net Income, GAAP
15.53
14.64
18.14
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
Effective Tax Rate (%)
6.71
6.53
5.58
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
Profit Margin (%)
1,477
1,601
2,397
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
Working Capital
- -
- -
411
- -
- -
- -
- -
- -
- -
48
57
67
57
51
39
24
18
LT Debt
2,207
2,398
2,701
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
Total Equity
17.56
16.73
14.22
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 Invested Capital (%)
23.55
24
20.09
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 Capital (%)
23.6
24.08
21.64
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
Return on Common Equity (%)

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
- -
- -
- -
- -
- -
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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.