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Sinkang Industries Co., Ltd.

Sinkang Industries Co., Ltd.

TTWSE:2032
18.30
TWD
+0.05
(+0.27%)
1.46EPS
11.27P/E
2.15BMarket Cap
Sinkang Industries Co., Ltd.
TWSE:2032
(Taiwan Stock Exchange)

Recent

price

18.30

P/E

ratio

11.27

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
40.95
38.8
32.31
26.69
26.68
23.41
21.73
21.37
23.5
21.79
25.03
26.73
25.75
21.93
22.75
23.3
24.41
Revenue per Share
1.07
0.12
0.1
0.32
0.44
0.26
0.56
0.12
0.13
0.36
0.58
1.28
0.29
-0.16
0.45
0.56
1.46
Basic EPS, GAAP
-0.95
1.37
2.25
1.96
-0.34
2.51
-0.7
-0.44
0.49
0.55
-0.79
0.4
1.97
0.64
-0.78
0.55
0.85
Free Cash Flow per Basic Share
0.2
0.39
0.1
- -
0.75
0.25
0.2
0.4
0.1
0.13
0.35
0.53
1.18
0.2
- -
0.38
- -
Dividend per Share
12.98
12.4
12.4
12.77
12.47
12.44
12.82
12.53
12.56
12.82
13.09
13.88
13.06
12.69
13.16
13.43
13.84
Book Value per Share
12.98
12.4
12.39
12.76
12.45
12.42
12.81
12.52
12.55
12.82
13.09
13.88
13.06
12.69
13.16
13.43
13.84
Tangible Book Value per Share
128
129
129
131
131
131
131
131
131
131
131
131
131
131
131
131
131
Basic Weighted Avg Shares
5,240
5,015
4,175
3,484
3,483
3,056
2,837
2,790
3,067
2,844
3,267
3,489
3,361
2,862
2,969
3,041
3,186
Sales/Revenue/Turnover
3.07
-0.14
- -
0.97
1.72
0.44
2.56
0.7
0.79
1.73
2.8
5.42
0.5
-1.68
0.59
0.8
5.45
Operating Margin (%)
23
24
25
28
30
26
27
27
22
25
23
22
21
19
18
19
19
Depreciation Expense
136
16
13
42
57
34
73
15
16
47
76
167
38
-21
59
73
191
Net Income, GAAP
18.59
18.87
- -
15.77
24.32
13.09
15.5
21.91
18.12
17.89
17.7
18.66
16.78
- -
7.64
6.89
15.37
Effective Tax Rate (%)
2.6
0.31
0.3
1.2
1.65
1.12
2.59
0.55
0.53
1.67
2.33
4.78
1.14
-0.73
1.99
2.4
6
Profit Margin (%)
1,065
1,006
1,019
1,051
1,050
1,037
1,031
1,008
1,044
1,061
1,104
1,194
1,095
986
1,027
975
1,038
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
21
18
15
13
10
9
5
3
LT Debt
1,694
1,619
1,619
1,666
1,627
1,624
1,673
1,636
1,639
1,674
1,709
1,812
1,704
1,656
1,717
1,753
1,807
Total Equity
5.81
-0.1
- -
1.59
2.63
0.69
3.61
0.9
1.21
2.34
4.08
8.07
0.76
- -
0.85
1.25
7.27
Return on Invested Capital (%)
6.24
0.86
- -
2.38
3.36
2.01
4.33
0.92
0.99
2.79
4.3
8.84
2.08
- -
3.45
4.07
9.77
Return on Capital (%)
8.33
0.94
0.78
2.55
3.48
2.11
4.45
0.92
1
2.86
4.49
9.48
2.17
-1.24
3.51
4.21
10.94
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
183
248
313
LT Borrowings
- -
- -
- -
LT Finance Leases
5
4
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
131
131
131
Market Capitalization
2,004
2,154
2,154

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,246
1,410
1,457
Cash, Cash Equivalents & STI
227
309
235
Accounts Receivable, Net
400
428
473
Inventories
404
428
475
Total Current Liabilities
271
447
418
Payables & Accruals
- -
- -
- -
ST Debt
183
248
313
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.82%
0.6%
2.04%
Free Cash Flow
-83.41%
-44.49%
-169.56%
Net Income, GAAP
-18.09%
-94.47%
23.65%
Sales/Revenue/Turnover
0.32%
-1.11%
2.45%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
667
732
739
830
2,969
2025
768
753
819
701
3,041
2026
784
882
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.13
0.19
0.01
0.13
0.45
2025
0.19
-0.07
0.25
0.19
0.56
2026
0.49
0.53
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.38
2026
- -
- -
- -
- -
- -
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Business
Sinkang Industries Co., Ltd. (2032.TW) manufactures, processes, and sells stainless steel products primarily in Taiwan and internationally; it specializes in stainless steel sheets and coils, wire rods, and tubes of SUS 300 and 400 series, along with secondary processing services including plate and coil shearing, coil slitting, plate surface treatment such as No.1, 2B, BA, No.4, HL hairline, SH, and No.8 mirror finishes, mirror finishing, embossing forming, round tube and angle bar forming, recoiling, and PVC coating. The company serves diverse industries encompassing construction and decoration, tableware and kitchenware, household appliances and mobile devices, petrochemicals, food processing, medical equipment, transportation, electrical and office equipment, and machinery manufacturing; its production facilities operate in Hsinchuang, New Taipei City, and Tayuan, Taoyuan City, with sales offices in Taichung, Tainan, and Kaohsiung. Founded in 1971 and headquartered at No. 8 Da'an Road, Xinzhuang District, New Taipei City, Taiwan, Sinkang maintains state-of-the-art equipment for processing thicknesses from 0.3mm to 6.0mm and widths up to 1570mm, while emphasizing green initiatives like solar power generation and ISO 9001 certification; the company listed on the Taiwan Stock Exchange in 2000 and continues steady operations without major recent acquisitions, partnerships, funding rounds, or strategic shifts reported in the past two years.