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Hwang Chang General Contractor Co., Ltd.

Hwang Chang General Contractor Co., Ltd.

TTWSE:2543
37.10
TWD
-0.70
(-1.85%)
2.91EPS
13.72P/E
19.83BMarket Cap
Nov 18Next Earn
Hwang Chang General Contractor Co., Ltd.
TWSE:2543
(Taiwan Stock Exchange)

Recent

price

37.10

P/E

ratio

13.72

div

yld

1.36%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
15.43
13.82
11.27
10.89
13.31
12.24
10.52
9.15
10.17
12.82
14.61
18.26
19.27
27.8
27.66
22.48
27.61
Revenue per Share
-0.73
0.23
0.08
0.8
0.71
0.26
0.26
0.02
-1.17
0.05
0.08
0.84
0.55
1.26
4.49
2.69
2.81
Basic EPS, GAAP
-0.87
1.05
4.76
-2.6
-2.74
-0.82
1.37
0.21
-1.43
-0.89
-2.19
1.03
0.31
4.86
-5.75
-3.96
-6.35
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
0.16
0.16
- -
- -
- -
- -
- -
0.18
0.43
0.76
0.5
Dividend per Share
4.32
4.28
4.42
5.21
5.5
5.75
5.72
5.58
4.46
4.51
4.57
5.39
5.94
6.92
13.93
18.75
18.2
Book Value per Share
4.32
4.26
4.4
5.2
5.5
5.74
5.72
5.57
4.45
4.5
4.57
5.38
5.93
6.92
13.92
18.74
18.19
Tangible Book Value per Share
330
330
330
330
411
447
441
438
438
438
438
438
438
406
449
527
528
Basic Weighted Avg Shares
5,096
4,565
3,723
3,598
5,475
5,469
4,644
4,010
4,457
5,621
6,406
8,003
8,448
11,275
12,431
11,839
14,580
Sales/Revenue/Turnover
-4.31
3.41
-4.4
1.44
5.3
1.29
0.49
0.62
-11.56
0.68
0.24
-1.29
2.01
6.59
20.79
14.65
13.54
Operating Margin (%)
187
267
156
112
96
83
71
62
63
118
203
255
277
366
592
799
970
Depreciation Expense
-241
75
27
264
291
118
113
10
-513
23
36
370
242
510
2,018
1,415
1,484
Net Income, GAAP
- -
14.27
0.64
2.56
12.54
19.74
5.74
66.87
- -
- -
- -
3.32
5.28
16.7
21
19.97
19.79
Effective Tax Rate (%)
-4.73
1.65
0.73
7.33
5.31
2.16
2.44
0.26
-11.51
0.41
0.56
4.62
2.87
4.52
16.23
11.95
10.18
Profit Margin (%)
724
960
1,137
1,379
2,006
2,119
2,119
2,042
1,372
1,102
739
410
-361
-1,408
810
1,519
154
Working Capital
138
133
162
137
87
47
64
28
5
628
643
662
619
608
1,362
1,762
2,937
LT Debt
1,636
1,607
1,622
1,867
2,620
2,749
2,726
2,655
2,109
2,126
2,172
2,564
2,830
3,330
7,214
10,327
9,756
Total Equity
- -
5.86
-4.92
1.62
7.36
1.54
0.61
0.24
- -
0.97
1.71
-1.85
5.75
10.75
25.13
10.85
10.16
Return on Invested Capital (%)
- -
3.52
3.02
10.99
9.11
3.27
3.82
0.65
- -
1.56
1.55
7.48
5
8.76
26.1
11.47
9.91
Return on Capital (%)
-15.38
5.23
1.88
16.59
13.93
4.69
4.43
0.41
-23.09
1.17
1.79
16.92
9.75
18.09
40.62
16.81
15.68
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,538
3,428
4,515
LT Borrowings
1,369
1,451
2,542
LT Finance Leases
394
405
394
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
530
529
514
Market Capitalization
31,855
30,550
19,827

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
9,788
9,147
10,548
Cash, Cash Equivalents & STI
3,544
3,317
2,700
Accounts Receivable, Net
1,763
1,074
1,829
Inventories
9
8
44
Total Current Liabilities
8,269
8,636
10,394
Payables & Accruals
- -
- -
- -
ST Debt
2,538
3,428
4,515
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.49%
41.18%
43.16%
Free Cash Flow
-17.35%
172.38%
-19.37%
Net Income, GAAP
-392.98%
255.45%
-29.88%
Sales/Revenue/Turnover
9.19%
13.89%
-4.77%
Total Cash Common Dividend
- -
- -
107.33%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,339
3,952
2,935
3,206
12,431
2025
2,392
2,610
3,184
3,652
11,839
2026
2,901
4,843
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.23
2.21
0.65
1.41
4.49
2025
0.59
0.63
0.71
0.75
2.69
2026
0.37
0.98
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.19
0.2
0.43
2025
- -
- -
- -
0.5
0.76
2026
- -
- -
- -
- -
- -
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Business
Hwang Chang General Contractor Co., Ltd. (2543.TW) engages primarily in civil engineering and construction projects in Taiwan. The company undertakes a broad range of infrastructure developments, including subways, expressways, bridges, roads, residential buildings, wastewater treatment facilities, pump stations, river management projects, baseball stadiums, and highways; it also manufactures and sells ready-mixed concrete and provides earth retaining support and earthwork services through its Construction Engineering and Concrete segments. Hwang Chang operates predominantly in the domestic Taiwan market, with approximately 1,001 employees, and focuses on government and public sector contracts such as the Taipei Metro projects, Keelung River flood diversion, and Kaohsiung MRT initiatives. Founded in 1981 and listed on the Taiwan Stock Exchange in 1999, the company maintains its headquarters at 23F, No. 539, Tanmei Street, Neihu District, Taipei City, Taiwan. In recent developments, Hwang Chang purchased land sites in Taipei City for T$903.8 million in October 2025 to support expansion; it reported earnings for the second quarter and six months ended June 30, 2025 in August 2025; and commenced construction on the Shibi Tan Social Housing Zone 1 turnkey project in inner Taipei in 2025, hosted by Taipei City officials. The firm holds Top A Grade status for civil and hydraulic engineering, continues to secure maritime and heavy construction projects, and emphasizes quality, safety, and efficiency under leadership including Chairman Cheng Chin Chiang and CEO Chung Lei Huang.