1. Taiwan Stocks

  2. •

    Consumer durables

  3. •

    Homebuilding
Huang Hsiang Construction Corporation

Huang Hsiang Construction Corporation

TTWSE:2545
33.25
TWD
-0.20
(-0.60%)
0.95EPS
40.49P/E
14.60BMarket 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
15.23
13.79
5.29
39.58
8.87
9.07
9.46
19.13
23.26
20.95
14.07
37.81
17.16
11.92
Basic EPS, GAAP
4.89
5.44
0.27
5.83
0.68
2.51
0.04
5.18
7.25
5.62
2.26
9.05
1.92
0.95
Free Cash Flow per Basic Share
5.29
3.14
-6.18
20.57
-2.36
2.21
1.18
2.84
-3.84
-3.91
-2.54
13.75
-15.75
-16.16
Dividend per Share
7.28
3.88
3.88
1.17
4.37
1.46
1.75
1.17
4.37
6.12
4.47
2.3
4.17
- -
Book Value per Share
31.51
33.07
29.45
34.11
30.42
31.55
29.85
33.86
36.73
36.24
34.03
40.59
39.34
38.58
Tangible Book Value per Share
31.5
33.06
29.44
34.11
30.42
31.52
29.82
33.84
36.73
36.23
34.02
40.58
39.33
38.57
Basic Weighted Avg Shares
337
337
337
337
337
337
337
337
337
337
337
328
354
380
Sales/Revenue/Turnover
5,138
4,654
1,787
13,355
2,995
3,061
3,193
6,456
7,850
7,069
4,746
12,392
6,076
4,531
Operating Margin (%)
40.05
43.6
16.98
21.16
10.15
18.1
11.84
32.12
36.29
28.46
26.41
32.81
24.22
5.8
Depreciation Expense
56
61
61
16
16
54
155
157
179
176
168
248
327
327
Net Income, GAAP
1,652
1,836
91
1,968
228
847
14
1,747
2,446
1,896
762
2,967
681
361
Effective Tax Rate (%)
12.91
4.17
27.57
17.27
- -
5.24
74.92
1.07
2.68
3.64
17
10.92
14.83
18.88
Profit Margin (%)
32.15
39.44
5.08
14.74
7.62
27.68
0.45
27.05
31.16
26.82
16.05
23.94
11.22
7.97
Working Capital
7,137
7,737
6,419
5,177
5,411
6,756
5,534
7,120
8,981
9,627
7,657
13,758
15,495
15,416
LT Debt
6,006
6,288
6,529
6,600
9,045
10,412
10,985
11,978
13,123
14,033
13,825
18,630
19,188
19,252
Total Equity
10,633
11,157
9,937
11,512
10,265
10,647
10,072
11,425
12,396
12,228
11,482
13,696
14,939
14,648
Return on Invested Capital (%)
5.08
5.24
0.56
6.2
- -
1.39
0.25
5.17
6.42
4.07
2.06
6.99
2.3
0.37
Return on Capital (%)
5.37
5.64
0.7
5.85
- -
3.13
0.28
5.3
6.52
5.05
2.56
7.1
2.61
1.93
Return on Common Equity (%)
14.97
16.85
0.86
18.35
2.1
8.1
0.14
16.25
20.54
15.4
6.43
23.57
4.76
2.41

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
22,717
24,191
25,401
LT Borrowings
18,356
19,067
18,422
LT Finance Leases
832
828
830
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
380
380
380
Market Capitalization
14,867
13,557
14,601

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
41,541
44,003
45,857
Cash, Cash Equivalents & STI
3,505
4,668
4,381
Accounts Receivable, Net
193
303
114
Inventories
35,619
36,626
37,729
Total Current Liabilities
26,046
27,733
30,441
Payables & Accruals
- -
- -
- -
ST Debt
22,717
24,191
25,401
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.62%
5.88%
9.07%
Free Cash Flow
-176.13%
-223.44%
-223.71%
Net Income, GAAP
1,440.74%
34.04%
-77.03%
Sales/Revenue/Turnover
76.75%
17.78%
-50.97%
Total Cash Common Dividend
45.87%
66.73%
95.65%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,430
3,288
4,447
2,227
12,392
2025
1,452
3,656
575
394
6,076
2026
1,967
1,596
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.77
2.45
3.3
1.43
9.05
2025
0.35
2.98
-0.53
-0.55
1.92
2026
-0.01
2.05
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.3
2025
- -
- -
- -
- -
4.17
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Yu Hsiang Liao
Full Time Employees
143
Sector
Consumer durables
Industry
Homebuilding
Address
No. 38, Bo’ai Road Taipei TPE Taiwan 100
IPO Date
Sep 11, 2000
Website
hhe.com.tw
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Business
Huang Hsiang Construction Corporation (2545.TW) engages primarily in civil engineering and building construction activities in Taiwan. The company undertakes a broad range of projects including mass rapid transit systems; highways and bridges; water conservancy facilities such as reservoirs, dams, and irrigation systems; building construction encompassing residential, commercial, and public structures; and geotechnical engineering services like foundation work and slope stabilization. It also provides construction management, planning consultancy, and electromechanical installations for infrastructure projects. Founded in 1975 and headquartered in Taoyuan City, Taiwan, Huang Hsiang operates predominantly within the domestic market, serving government agencies, public utilities, and private developers across northern, central, and southern regions of the island. The company maintains subsidiaries focused on specialized engineering and material supply to support its core operations, with no publicly disclosed parent company. Its business segments emphasize public infrastructure development and urban construction amid Taiwan's ongoing investments in transportation and flood control. In recent developments, Huang Hsiang secured key contracts in 2024 for the Taoyuan Mass Rapid Transit Green Line Phase 2 and Taichung MRT Blue Line extensions, bolstering its transit portfolio. The company completed a significant reorganization in early 2025, streamlining its project divisions to enhance operational efficiency following a NT$2.5 billion funding round for equipment upgrades. Additionally, it launched expanded geotechnical services targeting seismic-resilient designs in response to updated building codes, alongside a strategic alliance with Japan-based Obayashi Corporation for advanced tunneling technology transfer.