1. Taiwan Stocks

  2. •

    Process industries

  3. •

    Pulp & paper
Chung Hwa Pulp Corp.

Chung Hwa Pulp Corp.

TTWSE:1905
12.80
TWD
+0.05
(+0.39%)
-0.56EPS
18.31BMarket Cap
Nov 18Next 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
17.8
17.1
17.8
19.95
20.71
21.78
18.76
17.01
20.27
21.76
19.28
19.11
17.06
16.49
Basic EPS, GAAP
-0.61
0.02
0.66
0.35
0.56
0.4
-0.22
-0.18
0.45
0.41
-0.53
-0.23
-0.56
-0.51
Free Cash Flow per Basic Share
-0.78
-0.09
-1.01
0.35
0.94
-0.5
-0.44
-2.03
-1.07
-0.46
-0.52
-1.69
-2.57
-2.01
Dividend per Share
- -
- -
0.1
0.6
0.35
0.5
0.35
- -
- -
0.41
0.3
- -
- -
- -
Book Value per Share
14.94
15.73
14.97
14.25
14.3
14.18
13.71
13.6
14.23
14.52
13.95
14.44
14.62
15.5
Tangible Book Value per Share
14.94
15.73
14.97
14.25
14.3
14.18
13.71
13.6
14.23
14.52
13.95
14.44
14.62
15.5
Basic Weighted Avg Shares
1,134
1,236
1,179
1,103
1,103
1,103
1,103
1,094
1,087
1,087
1,087
1,087
1,100
1,108
Sales/Revenue/Turnover
20,192
21,145
20,991
22,002
22,839
24,025
20,689
18,617
22,032
23,651
20,955
20,768
18,767
18,281
Operating Margin (%)
-4.08
-0.58
3.71
1.75
3.58
2.46
-1.85
-2.1
1.22
1.03
-4.1
-2.66
-8.13
-8.2
Depreciation Expense
1,018
978
925
965
1,136
1,142
1,149
1,154
1,199
1,223
1,214
1,245
1,269
1,297
Net Income, GAAP
-694
27
780
391
619
446
-245
-202
488
446
-573
-252
-613
-569
Effective Tax Rate (%)
- -
11.55
1.71
- -
18.02
20.45
- -
- -
11.68
0.95
- -
- -
- -
- -
Profit Margin (%)
-3.44
0.13
3.71
1.78
2.71
1.85
-1.18
-1.08
2.22
1.89
-2.74
-1.21
-3.26
-3.11
Working Capital
7,167
7,528
5,310
4,468
4,065
4,605
1,982
858
1,208
9,593
1,890
2,737
2,639
5,177
LT Debt
360
920
1,240
1,842
914
1,696
174
1,407
820
8,720
1,302
2,057
1,925
3,921
Total Equity
19,421
19,952
19,103
18,059
18,182
18,064
17,395
16,986
17,634
18,095
17,484
18,193
18,587
19,643
Return on Invested Capital (%)
- -
-0.28
3.13
- -
2.76
1.89
- -
- -
0.94
0.9
- -
- -
- -
- -
Return on Capital (%)
- -
0.42
3.18
- -
2.32
1.74
- -
- -
2.17
1.72
- -
- -
- -
- -
Return on Common Equity (%)
-4.06
0.16
4.61
2.43
3.93
2.84
-1.59
-1.35
3.23
2.85
-3.71
-1.63
-3.85
-3.56

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
14,108
13,905
12,723
LT Borrowings
1,822
2,123
3,816
LT Finance Leases
103
111
105
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,103
1,103
1,103
Market Capitalization
12,793
20,458
18,307

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
20,212
20,548
21,370
Cash, Cash Equivalents & STI
5,303
5,841
6,568
Accounts Receivable, Net
3,318
2,847
2,872
Inventories
10,067
10,744
10,837
Total Current Liabilities
17,574
17,496
16,193
Payables & Accruals
- -
- -
- -
ST Debt
14,108
13,905
12,723
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.22%
1.85%
2.17%
Free Cash Flow
41.94%
37.56%
54.15%
Net Income, GAAP
-68.45%
-98.45%
142.96%
Sales/Revenue/Turnover
-0.63%
0.75%
-9.63%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,283
5,407
5,021
5,057
20,768
2025
4,830
4,737
4,527
4,673
18,767
2026
4,394
4,686
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
-0.17
0.07
-0.17
-0.23
2025
-0.31
-0.25
-0.28
0.29
-0.56
2026
-0.16
-0.36
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Rui He Chen
Full Time Employees
2,856
Sector
Process industries
Industry
Pulp & paper
Address
No.100, Guanghua Street Kaohsiung City TP Taiwan 97313
IPO Date
Feb 7, 1975
Website
chp.com.tw
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Business
Chung Hwa Pulp Corporation engages primarily in the manufacture and sale of pulp, paper, paperboard, specialty paper, fine paper, specialty chemicals, and tape products. Its core product portfolio includes bleached hardwood kraft pulp, various grades of paper for printing and writing, packaging paper and paperboard, specialty paper such as label and release liner papers, crepe paper for tape, medical and food packaging papers, optical paper, and base paper for construction materials. The company also produces mold fiber foodservice products including plates, bowls, trays, clamshell containers, and lids. Besides paper-related products, Chung Hwa Pulp Corporation operates in forestry and agriculture, covering afforestation, logging, and seedling cultivation. The company conducts environmental protection technology research and development including wastewater, exhaust gas, noise, solid waste treatment, and water treatment projects, along with consulting services related to environmental protection. It also deals in sales of chemical raw materials. Chung Hwa Pulp operates five production sites and six sales offices across Taiwan and Mainland China and markets its products globally. Founded in 1968, the company is headquartered in Hualien City, Taiwan, and is a subsidiary of YFY Inc. Recently, Chung Hwa Pulp Corporation has undertaken significant operational enhancements, notably awarding an order to international technology group ANDRITZ to supply advanced chemical recovery technologies for its pulp mill in Hualien. This move reflects the company’s commitment to environmentally sustainable production and operational efficiency. The implementation of ANDRITZ’s cutting-edge solutions is scheduled for completion by the second quarter of 2027, marking a major technological upgrade in the company’s manufacturing processes. Additionally, the company appointed a new Chief Information Security Officer in late 2025, highlighting strategic organizational changes aimed at strengthening corporate governance and information security. Chung Hwa Pulp continues to uphold a vertically integrated business model combining forestation with pulp and paper manufacturing, emphasizing green environmental protection and innovative technology development as pillars of its sustainable development strategy. These initiatives collectively denote strategic shifts toward enhanced sustainability, technological modernization, and expanded service offerings within the pulp and paper industry in the past 1-2 years.