1. Taiwan Stocks

  2. •

    Consumer durables

  3. •

    Motor vehicles
China Motor Corporation

China Motor Corporation

TTWSE:2204
52.40
TWD
+0.10
(+0.19%)
6.47EPS
8.92P/E
30.67BMarket Cap
Nov 17Next Earn
China Motor Corporation
TWSE:2204
(Taiwan Stock Exchange)

Recent

price

52.40

P/E

ratio

8.92

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
74.55
80.92
76.61
65.16
65.91
67.63
74.41
71.34
25.57
30.95
56.61
57.07
54.19
70.45
71.91
58.81
61.67
Revenue per Share
5.21
5.5
3.92
4.64
4.69
5.81
5.85
7.53
2.64
-2.38
6.01
7.67
-14.22
10.36
7.34
5.47
6.21
Basic EPS, GAAP
6.37
2.59
0.7
3.01
4.36
3.69
4.43
0.98
1.22
-0.02
3.92
6.47
1.62
2.82
-3.5
-1.83
-0.67
Free Cash Flow per Basic Share
0.75
2.5
3.04
2.28
2.79
2.92
3.81
4.06
1.83
2.27
- -
7.11
5.58
4.06
6.09
4.26
- -
Dividend per Share
75.26
79.76
78.75
84.4
87.5
89.44
89.27
92.03
94.22
69.98
76.09
77.08
58.4
64.7
67.02
68.44
69.28
Book Value per Share
74.54
79.48
78.58
84.06
87.05
89.06
89.01
91.75
93.67
69.1
75.41
76.29
57.42
63.27
65.24
66.51
67.28
Tangible Book Value per Share
554
554
545
545
545
545
545
545
1,363
1,036
545
545
545
546
546
546
547
Basic Weighted Avg Shares
41,271
44,797
41,786
35,540
35,951
36,884
40,584
38,908
34,870
32,068
30,875
31,125
29,554
38,433
39,243
32,092
33,749
Sales/Revenue/Turnover
2.85
2.86
3.1
3.88
5.48
6.01
6.39
6.26
5.44
5.68
5.75
6.56
6.57
6.87
4.4
3.53
4.37
Operating Margin (%)
1,450
1,649
868
733
816
958
992
1,059
1,098
1,152
1,028
940
846
858
987
1,086
1,151
Depreciation Expense
2,886
3,045
2,139
2,532
2,558
3,166
3,189
4,106
3,593
-2,466
3,277
4,182
-7,758
5,652
4,007
2,986
3,399
Net Income, GAAP
13.53
8.49
8.11
10.27
12.91
9.93
12.07
6.95
9.71
- -
5.65
13.29
- -
13.07
7.14
- -
- -
Effective Tax Rate (%)
6.99
6.8
5.12
7.12
7.12
8.58
7.86
10.55
10.3
-7.69
10.61
13.44
-26.25
14.71
10.21
9.3
10.07
Profit Margin (%)
13,326
13,747
13,706
15,486
15,082
15,686
16,124
16,785
17,502
9,702
13,107
12,756
9,942
4,901
3,971
3,180
2,923
Working Capital
930
17
6
- -
36
- -
- -
- -
- -
404
334
268
336
91
105
262
233
LT Debt
43,938
46,607
46,105
49,439
51,399
52,659
52,721
54,457
55,774
42,165
45,707
46,325
36,047
39,498
40,935
41,753
42,151
Total Equity
1.94
2.13
2.19
2.19
2.94
3.53
3.99
3.82
2.57
- -
3.19
3.41
- -
5.34
3.22
- -
- -
Return on Invested Capital (%)
6.2
6.04
4.1
4.62
4.27
5.13
4.98
6.47
5.65
- -
6.36
8.1
- -
13.03
8.35
- -
- -
Return on Capital (%)
7.08
7.1
4.88
5.61
5.38
6.46
6.45
8.18
6.97
-5.42
8.11
9.86
-20.69
16.59
10.99
7.96
9.25
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
6,947
6,902
6,269
LT Borrowings
- -
- -
- -
LT Finance Leases
262
247
233
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
554
554
554
Market Capitalization
32,442
30,671
30,671

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
14,331
14,530
15,303
Cash, Cash Equivalents & STI
4,024
4,652
4,671
Accounts Receivable, Net
1,453
1,860
1,920
Inventories
5,872
5,790
5,668
Total Current Liabilities
11,152
12,471
12,380
Payables & Accruals
- -
- -
- -
ST Debt
6,947
6,902
6,269
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.58%
-1.13%
2%
Free Cash Flow
-920.91%
-41.45%
-47.67%
Net Income, GAAP
-86.99%
-97.07%
-25.48%
Sales/Revenue/Turnover
-0.65%
1.94%
-18.22%
Total Cash Common Dividend
- -
- -
-30%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
12,244
11,623
8,353
7,022
39,243
2025
7,950
8,450
7,560
8,132
32,092
2026
9,416
8,641
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.29
2.21
1.48
1.34
7.34
2025
1.15
1.28
1.47
1.54
5.47
2026
1.18
2.02
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
6.09
2025
- -
- -
- -
- -
4.26
2026
- -
- -
- -
- -
- -
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Business
China Motor Corporation (2204.TW), founded in 1969 and headquartered in Taoyuan City, Taiwan, manufactures and sells automobiles, related parts and components; operates through Vehicle Manufacturing, Channel, and Others segments; and serves domestic and international markets including Asia, Middle East, Africa, and Caribbean regions. Core products encompass CMC brand commercial vehicles such as Veryca vans, Zinger multi-purpose vehicles and pickups, P350 Hybrid trucks, J Space light commercial vehicles with Level 2 ADAS, and ET35 electric commercial vehicles; Mitsubishi brand models including Delica, Colt Plus, Outlander, Eclipse Cross, and Xforce SUVs; MG brand passenger vehicles like HS, ZS, MG4 EV, and G50 Plus; plus electric motorcycles, scooters via eMoving (including EZ1 with Gogoro battery swap), automated guided vehicles, recreational vehicles, light commercial vehicles, trucks, and after-sales services. As Taiwan's second-largest vehicle manufacturer and exclusive Mitsubishi distributor, the company maintains three plants in Yangmei and Hsinchu, employs 2,814 staff, and lists on the Taiwan Stock Exchange with major shareholders Yulon Motor Group (over 40%) and Mitsubishi Motors (14%). Recent developments include the 2024 launch of J Space light commercial vehicle and preparations for ET35 electric commercial vehicle mass production in 2025 with IoT and fleet management integration; 2025 introductions of Mitsubishi Eclipse Cross and Xforce, MG G50 Plus; accelerated localization of MG components amid policy shifts; 33.4% export growth to 938 units in 2024 targeting Middle East, Africa, ASEAN, and electric opportunities; continued investment in Fujian Benz for high-end commercial vehicles; and ESG achievements like top 5% TWSE governance ranking, SBTi net-zero commitment, and awards including CommonWealth Sustainability and National Sustainable Development honors.