1. Taiwan Stocks

  2. •

    Non-energy minerals

  3. •

    Steel
Hai Kwang Enterprise Corporation

Hai Kwang Enterprise Corporation

TTWSE:2038
12.80
TWD
+0.35
(+2.81%)
-0.85EPS
2.56BMarket 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
60.92
56.35
41.33
24.52
27.12
41.94
40.97
39.15
52.67
56.89
48.24
50.09
45.96
40.67
Basic EPS, GAAP
-0.34
-0.79
-1.03
0.58
0.06
-1.02
-1.31
0.81
2.37
1.09
0.27
0.19
-0.56
-0.76
Free Cash Flow per Basic Share
2.4
-4.18
6.96
4.06
-7.27
-5.47
0.43
-2.34
3.11
-2.09
-2.16
-2.88
0.65
3.05
Dividend per Share
0.25
- -
- -
- -
- -
- -
- -
- -
0.47
1.4
- -
- -
- -
- -
Book Value per Share
15.03
14.23
13.14
16.93
19.28
16.71
15.32
15.79
18.55
18.82
19.05
20.52
19.5
19.63
Tangible Book Value per Share
15.03
14.23
13.14
16.93
19.28
16.7
15.3
15.77
18.54
18.79
19.02
20.49
19.47
19.6
Basic Weighted Avg Shares
194
194
194
194
194
194
194
194
194
194
194
194
194
195
Sales/Revenue/Turnover
11,842
10,940
8,024
4,760
5,266
8,142
7,954
7,601
10,225
11,045
9,365
9,724
8,923
7,912
Operating Margin (%)
-0.2
-1.43
-3.41
-1.46
0.6
-4
-4.17
2.36
5.09
0.92
0.52
0.35
-0.87
-2.14
Depreciation Expense
232
258
245
233
223
229
207
202
204
258
299
328
340
336
Net Income, GAAP
-65
-153
-200
113
11
-197
-254
158
460
211
53
38
-109
-149
Effective Tax Rate (%)
- -
- -
- -
15.17
134.86
- -
- -
21.03
20.6
22.67
19.57
56.19
- -
- -
Profit Margin (%)
-0.55
-1.4
-2.49
2.37
0.2
-2.42
-3.19
2.08
4.5
1.91
0.57
0.39
-1.22
-1.88
Working Capital
784
212
211
917
1,103
652
-322
307
184
340
20
634
1,299
1,202
LT Debt
1,022
803
639
383
758
1,122
542
1,202
1,075
1,425
1,323
1,875
2,560
2,466
Total Equity
3,301
3,152
2,941
3,772
4,221
3,725
3,448
3,540
3,911
3,947
3,959
4,205
3,989
3,996
Return on Invested Capital (%)
- -
- -
- -
-1.15
-0.18
- -
- -
2.03
5.73
1.02
0.48
0.17
- -
- -
Return on Capital (%)
- -
- -
- -
0.9
0.37
- -
- -
2.97
7.02
3.75
1.81
1.12
- -
- -
Return on Common Equity (%)
-2.17
-5.38
-7.53
3.86
0.31
-5.65
-8.16
5.23
13.79
5.81
1.45
0.98
-2.81
-3.84

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,077
1,425
1,466
LT Borrowings
2,549
2,513
2,455
LT Finance Leases
11
11
11
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
194
194
194
Market Capitalization
2,825
2,980
2,563

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,171
3,525
3,594
Cash, Cash Equivalents & STI
564
500
721
Accounts Receivable, Net
833
680
656
Inventories
2,538
1,999
1,948
Total Current Liabilities
2,872
2,285
2,392
Payables & Accruals
- -
- -
- -
ST Debt
2,077
1,425
1,466
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.64%
2.55%
-5.15%
Free Cash Flow
-158.23%
-97.29%
-122.6%
Net Income, GAAP
-267.28%
-71.27%
-389.12%
Sales/Revenue/Turnover
4.07%
4.59%
-8.24%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,280
2,299
2,483
2,662
9,724
2025
2,520
2,475
1,820
2,108
8,923
2026
1,937
2,046
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.24
0.04
-0.08
- -
0.19
2025
0.37
-0.14
-0.35
-0.44
-0.56
2026
0.16
-0.13
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Tsan Ming Huang
Full Time Employees
416
Sector
Non-energy minerals
Industry
Steel
Address
No. 12, Haiyan2nd Road Kaohsiung City KH Taiwan 812
IPO Date
Sep 27, 2007
Website
haikwang.com.tw
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Business
Hai Kwang Enterprise Corporation engages in the manufacturing and sales of steel billets and reinforcing steel bars primarily for construction and infrastructure use within Taiwan. The company produces bamboo rebar designed for building structures, tunnel engineering, and bridges applications. Its core offerings include billets, reinforcing steel bars, and related steel products, alongside value-added services such as rebar cutting and bending. Additionally, Hai Kwang is involved in real estate rental and leasing businesses. The company operates an electric arc furnace steelmaking facility headquartered in Kaohsiung City, Taiwan, with a nominal crude steel capacity of 600,000 tonnes per annum. Founded in 1969, Hai Kwang sources a significant portion of its raw materials, particularly scrap steel, from Southeast Asia and Japan. It primarily serves the domestic Taiwanese market. In the past one to two years, Hai Kwang Enterprise Corporation has undertaken strategic investment initiatives, including a reported investment of approximately NT$5 billion for expansion purposes aimed at bolstering its production capacity. The company has maintained its focus on reinforcing steel products with enhancements in manufacturing capacity and efficiency. There is no indication of recent major acquisitions or name changes; however, operationally, the enterprise modernizes and expands its facilities to remain competitive in Taiwan’s steel sector. Hai Kwang operates predominantly in the basic materials industry, specifically within the steel segment, targeting infrastructure, construction firms, and related industrial sectors in Taiwan. The company functions as an independent entity without recent changes in parent or subsidiary relationships. Its steel production technology prominently features electric arc furnace (EAF) methods, and it complies with quality and production standards relevant to the industry. Hai Kwang continues to emphasize steel billets and rebar products, supporting its position as a key supplier in the Taiwanese steel market. This comprehensive profile reflects the company’s traditional steel manufacturing base combined with recent capacity expansion efforts and ongoing operations centered in Kaohsiung City, Taiwan. The company's strategic progress focuses on production growth and operational efficiency to serve Taiwan's infrastructure development needs.