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    Process industries

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    Chemicals: specialty
Shiny Chemical Industrial Co., Ltd.

Shiny Chemical Industrial Co., Ltd.

TTWSE:1773
165.00
TWD
-3.00
(-1.79%)
51.00BMarket Cap
Feb 24Next 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
25.16
24.28
21.66
20.59
22.8
26.78
25.03
25.93
37.15
37.82
32.84
44.23
38.34
- -
Basic EPS, GAAP
2.03
1.75
2.04
2.62
2.93
3.1
2.95
3.91
5.39
6.08
5.26
7.21
6.81
- -
Free Cash Flow per Basic Share
0.55
1.77
3.74
2.44
2.49
-0.05
-1.1
1.7
-1.74
-0.93
0.65
4.38
4.22
- -
Dividend per Share
1.5
0.89
1.3
1.5
2
2.3
2.5
1.1
2.09
2
3
3.2
2.08
- -
Book Value per Share
11.77
12.69
13.38
14.17
15.01
16.03
16.41
19.22
22.61
26.79
29.02
32.58
37.45
38.12
Tangible Book Value per Share
11.76
12.68
13.38
14.17
15.01
16.02
16.39
19.2
22.59
26.77
28.99
32.54
37.4
37.95
Basic Weighted Avg Shares
267
300
300
300
300
300
300
300
300
300
300
250
300
300
Sales/Revenue/Turnover
6,717
7,283
6,498
6,177
6,840
8,034
7,508
7,778
11,144
11,345
9,853
11,057
11,501
- -
Operating Margin (%)
8.34
7.26
9.66
14.04
14.55
13.12
13.31
17.8
17.13
18.45
18.67
19.16
20.67
- -
Depreciation Expense
159
181
185
191
197
201
251
296
323
398
515
673
698
- -
Net Income, GAAP
541
524
612
785
879
930
885
1,174
1,617
1,825
1,578
1,804
2,043
- -
Effective Tax Rate (%)
17.5
15.94
17.74
16.82
17.43
19.53
18.48
19.15
19.27
18.77
18.02
17.98
18.61
- -
Profit Margin (%)
8.06
7.2
9.42
12.71
12.85
11.58
11.79
15.09
14.51
16.09
16.02
16.31
17.77
- -
Working Capital
1,154
1,285
1,526
1,724
1,780
1,415
332
1,103
927
1,191
623
483
679
189
LT Debt
- -
- -
- -
- -
- -
- -
55
666
1,251
2,611
2,866
2,274
2,310
2,390
Total Equity
3,531
3,806
4,014
4,251
4,503
4,808
4,922
5,765
6,783
8,038
8,705
9,773
11,388
11,588
Return on Invested Capital (%)
11.95
10.75
12.59
16.67
18.03
17.41
14.71
17.09
18.76
16.16
12.28
13.1
13.66
- -
Return on Capital (%)
14.5
13.18
15.15
18.72
19.75
19.68
16.58
18.49
20.42
18.07
13.46
14.37
14.97
- -
Return on Common Equity (%)
15.72
14.29
15.65
19
20.07
19.98
18.19
21.97
25.77
24.63
18.86
19.52
19.45
- -

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
712
601
561
LT Borrowings
2,170
2,294
2,252
LT Finance Leases
140
139
138
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
300
300
300
Market Capitalization
41,400
40,800
51,000

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,934
4,357
4,780
Cash, Cash Equivalents & STI
520
717
591
Accounts Receivable, Net
1,428
1,506
1,635
Inventories
1,582
1,623
2,135
Total Current Liabilities
3,256
3,267
4,591
Payables & Accruals
- -
- -
- -
ST Debt
712
601
561
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.14%
14.65%
16.53%
Free Cash Flow
161.87%
12.25%
15.69%
Net Income, GAAP
13.86%
12.93%
13.3%
Sales/Revenue/Turnover
6.85%
9.63%
4.01%
Total Cash Common Dividend
11.93%
20.57%
-21.87%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,649
2,637
2,876
2,895
11,057
2025
2,753
2,850
- -
2,979
11,501
2026
3,044
3,608
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.34
1.54
1.59
1.54
7.21
2025
1.9
1.59
- -
1.8
6.81
2026
2.02
2.36
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3.2
2025
- -
- -
- -
- -
2.08
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Chi Fa Sun
Full Time Employees
288
Sector
Process industries
Industry
Chemicals: specialty
Address
No.5, Yeong Gong 1st Road Kaohsiung City KHH Taiwan 82841
IPO Date
Jan 28, 2008
Website
shinychem.com.tw
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Business
Shiny Chemical Industrial Co., Ltd. manufactures, processes, and sells high-purity chemical solvents and related products primarily in Taiwan and internationally. The company offers electronic solvents including menthyl acetates, ether alcohol esters such as propylene glycol monomethyl ether (PGME), and customized products; industrial solvents comprising butyl acetate, isobutyl acetate, xylene, 1-methoxy-2-propanol, and other ether ester products; formaldehyde and urea-formaldehyde resins including urea glue and methylated melamine-formaldehyde polymers; as well as solvent raw materials, with additional operations in warehousing, liquid chemical storage tank leasing, and real estate leasing. It serves the semiconductor, flat panel display, photoresist, bumping and packaging, LED, coating and ink, plywood, and resin industries. Founded in 1979 and headquartered in Kaohsiung, Taiwan, the company maintains investments in affiliates such as E-Shine Advanced Chemical Co., Ltd., Unishine Chemical Corporation, Liansheng Chemistry Co., Ltd. (Shanghai), Yuansheng Chemical Co., Ltd. (Malaysia), and Shanghai Haosheng Chemical Technology Co., Ltd., with production facilities including esterification solvent plants, a formaldehyde alcohol plant, and an electronic-grade solvent plant in Changhua Coastal Industrial Park. Recent developments include board approval for a NT$132 million land acquisition, a proposed issuance of new shares from 2024 earnings to enrich working capital, and approval for the construction of a PM Second Factory, alongside ongoing certifications such as OHSAS 18001, ISO 9001, and ISO 14001, and participation in CSR evaluations like EcoVadis.