Zeng Hsing Industrial Co., Ltd.

Zeng Hsing Industrial Co., Ltd.

TTWSE:1558
113.00
TWD
-1.50
(-1.31%)
12.14EPS
11.44P/E
5.84BMarket 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
101.13
101.91
98.18
98.56
97.82
108.85
96.87
113.68
125.99
117.7
113.6
125.3
122.23
123.63
Basic EPS, GAAP
12.89
13.53
14.02
13.9
8.58
15.07
11.03
13.59
8.57
8.03
3.81
6.81
5.52
7.91
Free Cash Flow per Basic Share
11.54
5.26
17.24
11.69
12.08
17.08
3.38
6.99
3.17
15.28
31.19
11.24
13.88
13.13
Dividend per Share
7.05
8.89
8.89
9.39
9.39
8.4
10.87
8.69
9.39
8.41
5.5
3.8
6.02
- -
Book Value per Share
60.61
65.95
70.86
74.3
71.6
78.38
77.71
81.32
80.1
83.11
80.38
83.64
79.9
80.6
Tangible Book Value per Share
60.29
65.47
70.25
73.63
70.87
77.74
77.08
80.65
79.49
58.31
56.48
60.58
56.98
58.05
Basic Weighted Avg Shares
55
61
61
61
61
61
61
61
61
61
67
67
66
66
Sales/Revenue/Turnover
5,555
6,246
6,017
6,039
5,994
6,670
5,936
6,966
7,720
7,198
7,558
8,337
8,104
8,098
Operating Margin (%)
15.42
15.1
15.58
17.52
14.79
15.67
14.33
17.08
9.22
5.41
6.42
11.64
9.01
8.73
Depreciation Expense
172
200
262
240
236
245
278
314
324
472
701
662
651
655
Net Income, GAAP
708
829
859
851
525
924
676
833
525
491
253
453
366
518
Effective Tax Rate (%)
22.04
22.24
23.62
22.5
24.35
26.6
23.94
25.21
22
22.72
10.41
23.41
27
24.98
Profit Margin (%)
12.75
13.28
14.27
14.1
8.77
13.85
11.38
11.96
6.8
6.83
3.35
5.44
4.52
6.4
Working Capital
2,572
2,590
2,870
2,980
3,011
3,302
2,916
3,326
2,976
3,750
3,839
3,613
3,000
5,076
LT Debt
- -
- -
- -
- -
160
120
80
304
240
614
724
616
483
1,646
Total Equity
3,752
4,078
4,375
4,585
4,426
4,847
4,804
5,054
4,976
8,748
8,611
9,078
8,555
8,690
Return on Invested Capital (%)
18.46
16.98
15.75
16.56
12.48
13.75
11.93
15.45
8.79
3.12
4.32
6.77
4.85
4.91
Return on Capital (%)
19.86
19.57
19.32
17.6
9.87
16.84
12.63
14.66
8.53
4.51
-0.99
0.03
1.2
2.59
Return on Common Equity (%)
22.64
21.38
20.49
19.14
11.76
20.1
14.13
17.1
10.62
9.41
4.66
8.31
6.82
10.18

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,878
729
769
LT Borrowings
483
1,674
1,646
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
65
65
65
Market Capitalization
6,634
5,924
5,840

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,335
7,338
8,182
Cash, Cash Equivalents & STI
2,974
3,872
4,029
Accounts Receivable, Net
1,592
1,611
2,062
Inventories
1,462
1,513
1,719
Total Current Liabilities
3,335
2,437
3,106
Payables & Accruals
- -
- -
- -
ST Debt
1,878
729
769
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.75%
14.47%
-5.77%
Free Cash Flow
44.64%
81.46%
23.03%
Net Income, GAAP
0.09%
-6.42%
-19.2%
Sales/Revenue/Turnover
3.38%
3.32%
-2.8%
Total Cash Common Dividend
- -
-0.9%
57.89%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,805
2,063
2,443
2,027
8,337
2025
2,044
2,180
2,249
1,631
8,104
2026
1,926
2,292
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.42
2.06
2.04
1.29
6.81
2025
1.25
0.77
2.25
1.24
5.52
2026
1.23
3.21
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3.8
2025
- -
- -
- -
- -
6.02
2026
- -
- -
- -
- -
- -

Company Description

CEO
Tung-Liang Liu
Full Time Employees
3,615
Sector
Consumer durables
Industry
Electronics/Appliances
Address
No. 78, Yong Cheng Road Taichung TX Taiwan 411
IPO Date
Dec 28, 2007
Business
Zeng Hsing Industrial Co., Ltd. Zeng Hsing Industrial Co., Ltd. is a Taiwan-based manufacturer and distributor of household sewing machines, vacuum cleaners, and related components. The company produces mechanical series sewing machines including MA, M, 8000, K, and Q series; computerized series such as H and H-7A; combo series like CH; overlock series with 2/3/4 thread and cover stitch options; and various accessories for professional, general, decorative, quilting, and overlock sewing, as well as presser feet and accessory kits; it also offers floor care products comprising upright vacuum cleaners, backpack vacuum cleaners, and commercial wet and dry vacuum cleaners. Founded in 1968 as Shin Shing Sewing Machines Co. and renamed Zeng Hsing Industrial Co., Ltd. in 1975, the company is headquartered at No. 78, Yongcheng Road, Taiping District, Taichung City, Taiwan, and operates manufacturing plants in Taiwan, China including Zhangjiagang Zengshing Machinery & Electronics Co., Ltd., and Vietnam through Zeng Hsing Industrial Co., Ltd. (VN) and Shinco Technologies Co., Ltd. (VN); it distributes products domestically and to overseas markets in the United States, Germany, Russia, Turkey, India, and other regions, serving well-known global brands in the consumer discretionary sector focused on furnishings, fixtures, and appliances. In recent developments, Zeng Hsing Industrial expanded beyond sewing machines through a July 2022 public tender offer acquiring a 21.56% stake in Turvo International Co., Ltd. TURVO International Co., Ltd., becoming its largest shareholder and obtaining control with over half the director seats after an August 2022 reelection, leading to consolidation in financial statements; by mid-2024, it increased its Turvo stake by an additional 3.14%, enhancing synergies in metal parts processing, plastic injection, and electromechanical integration for applications like automotive components from clients such as Bosch and Denso, as well as high-end bicycle parts produced in Vietnam.