1. Taiwan Stocks

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    Non-energy minerals

  3. •

    Steel
Hsin Kuang Steel Co., Ltd.

Hsin Kuang Steel Co., Ltd.

TTWSE:2031
48.20
TWD
+0.40
(+0.84%)
12.16BMarket Cap
Nov 10Next 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
31.15
31.21
23.21
22.92
27.32
28.12
27.29
31.96
44.68
53.42
50.05
45.44
52.31
- -
Basic EPS, GAAP
1.2
0.83
-1.45
2.67
3.49
3.17
0.39
2.69
8.62
1.23
5.15
4.5
3.3
- -
Free Cash Flow per Basic Share
3.84
-2.76
5.04
1.2
-1.27
-3.26
-0.42
-5.43
-0.72
3.06
-0.38
0.22
7.97
- -
Dividend per Share
0.5
1
1
0.59
1.8
1.98
1.5
0.81
1.95
4
1
3
2.5
- -
Book Value per Share
19.66
19.47
14.98
18.53
20.48
21.6
20.23
24.89
33.91
29.15
35.31
36.27
36.55
37.28
Tangible Book Value per Share
19.66
19.47
14.98
18.53
20.48
21.6
20.23
24.89
33.91
29.14
35.18
36.15
36.31
37.05
Basic Weighted Avg Shares
277
277
278
280
306
309
311
308
316
321
321
321
321
321
Sales/Revenue/Turnover
8,624
8,654
6,450
6,412
8,352
8,694
8,478
9,852
14,103
17,156
16,075
14,592
16,798
- -
Operating Margin (%)
5.2
5.6
-13.26
11.73
11.91
4.81
-0.74
4.77
18.61
4.44
5.55
4.01
5.35
- -
Depreciation Expense
77
86
88
77
78
86
111
164
163
197
243
257
285
- -
Net Income, GAAP
331
231
-402
748
1,066
979
121
829
2,720
394
1,655
1,444
1,058
- -
Effective Tax Rate (%)
5.43
16.83
- -
7.58
11.24
12.45
5.09
7.37
16.25
36.71
6.78
7.35
16.62
- -
Profit Margin (%)
3.84
2.67
-6.23
11.66
12.77
11.26
1.42
8.42
19.29
2.29
10.29
9.9
6.3
- -
Working Capital
2,632
2,772
1,243
1,851
1,309
554
2,333
2,951
5,133
3,418
5,829
5,916
6,277
6,372
LT Debt
1,239
2,085
1,496
1,609
1,467
529
2,956
4,449
4,789
4,404
5,848
6,945
7,110
6,619
Total Equity
5,501
5,476
4,161
5,573
6,478
7,235
6,811
8,101
11,608
10,075
12,063
12,349
12,457
12,698
Return on Invested Capital (%)
3.52
3.26
- -
6.31
8.57
2.48
-0.58
2.54
10.66
2.02
3.24
2.03
2.73
- -
Return on Capital (%)
3.57
2.75
- -
7.57
9.32
7.23
1.77
5.44
12.85
2.16
7.89
6.62
4.96
- -
Return on Common Equity (%)
6.23
4.26
-8.41
15.46
18.05
15.08
1.86
11.88
29.31
3.89
15.99
12.56
9.05
- -

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
7,672
8,506
9,504
LT Borrowings
7,110
6,674
6,619
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
321
321
321
Market Capitalization
12,204
12,717
12,155

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
15,195
15,811
18,014
Cash, Cash Equivalents & STI
5,545
5,523
6,844
Accounts Receivable, Net
2,174
2,985
3,041
Inventories
5,593
4,888
5,168
Total Current Liabilities
8,918
10,641
11,642
Payables & Accruals
- -
- -
- -
ST Debt
7,672
8,506
9,504
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.8%
10.61%
0.88%
Free Cash Flow
362.58%
531.13%
3,543.04%
Net Income, GAAP
67.13%
84.72%
-26.72%
Sales/Revenue/Turnover
11.19%
12.88%
15.12%
Total Cash Common Dividend
49.69%
72.95%
-16.67%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,466
3,670
3,363
4,093
14,592
2025
5,041
4,604
- -
3,333
16,798
2026
4,589
4,822
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.31
4.53
-2.09
-0.25
4.5
2025
-1.06
3.12
- -
0.63
3.3
2026
0.22
5.01
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3
2025
- -
- -
- -
- -
2.5
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Ming Te Su
Full Time Employees
279
Sector
Non-energy minerals
Industry
Steel
Address
No. 97, Chongxin Road New Taipei TP Taiwan 241
IPO Date
Sep 11, 2000
Website
hkssteel.com.tw
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Business
Hsin Kuang Steel Company Limited engages in the processing, wholesale, direct marketing, cutting, stamping and sale of steel products primarily in Taiwan. The company offers steel plates, special steel plates, hot-rolled steel plates, stainless steel plates, steel coils, round steel bars, alloy steel, galvanized steel plates including SuperDyma, shaped steel, steel sections, steel structural components and metal structures; it provides cutting and processing services for finished steel products applied in steel structures, mechanical components, automobile parts, hardware, computer casings, home appliances, construction materials, bridges, rails, water supply pipes and energy infrastructure. Hsin Kuang Steel operates through segments comprising steel direct sales, steel manufacturing sales and leases; it serves construction, machinery, shipbuilding, automotive, renewable energy, offshore wind, solar power and infrastructure sectors with facilities including mills in Guanyin, Changbin, Kaohsiung and Zhongli; the company was founded in 1965 (incorporated 1967), went public in 1997 and lists on the Taiwan Stock Exchange (2031:TT) with headquarters at 25F-1, No. 97, Section 4, Chung-Sing Road, Sanchong District, New Taipei City, Taiwan. Subsidiaries include Hsin Ho Fa Metal (83.37% ownership, architectural metal products), APEX Wind Power Equipment Manufacturing (66.14%, offshore wind foundations, pressure vessels), Hsin Hua Steel Industry (steel structures, bridges), Hsin Cheng Logistics Development (logistics centers) and Mason Metal Industry (80%, automotive steel processing). Recent developments encompass completion and grid connection of the 117MW Phase 1 Chiayi Fish-Electricity Symbiosis solar power plant in 2023 generating NTD2.2 billion revenue; participation in six offshore wind farms including HAI LONG project with beveled plates and welding through APEX; ongoing major contracts such as Tung-Hsiao Power Plant seawater pipes (NTD3.4 billion, completion 2027), Nanhua water supply line (NTD315 million, 2024) and Yuli Bridge (NTD690 million, 2026); plans for joint ventures in greenhouse-rooftop agrisolar projects (300MW capacity, 2025-2026); diversification into green energy trading, EPC for bridges/rails, clean water, coal-to-LNG transitions and hydrogen infrastructure; 2024 H1 revenue of NTD7.1 billion with net profit NTD2.2 billion and EPS NTD6.83; implementation of ISO50001 energy management at key facilities targeting net zero by 2050.