1. Taiwan Stocks

  2. •

    Process industries

  3. •

    Chemicals: specialty
Qualipoly Chemical Corp.

Qualipoly Chemical Corp.

TTWSE:4722
186.50
TWD
-8.00
(-4.11%)
2.76EPS
103.88P/E
29.54BMarket Cap
Nov 06Next Earn
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
53.55
53.76
48.62
47.41
49.5
47.48
42.92
38.48
49.04
42.24
34.54
40.39
36.95
37.08
Basic EPS, GAAP
1.54
1.92
3.75
3.5
2.95
2.54
2.57
2.83
3.73
3.15
1.67
2.25
2
2.77
Free Cash Flow per Basic Share
-1.47
0.98
6.07
3.34
0.55
2.78
4.27
4.16
-4.23
3.57
-2.55
-5.17
-9.83
-17.94
Dividend per Share
1.46
1.14
1.43
2.72
2.38
1.43
1.8
1.81
1.98
2.2
1.9
1
1.4
- -
Book Value per Share
18.34
19.38
21.62
22.98
23.41
24.51
25.07
25.98
27.83
29.06
28.89
30.38
31.42
33.68
Tangible Book Value per Share
17.39
18.44
20.7
22.18
22.6
23.66
24.24
25.21
27.13
28.32
28.14
29.59
30.67
32.92
Basic Weighted Avg Shares
91
93
93
98
100
100
100
99
99
100
100
100
101
102
Sales/Revenue/Turnover
4,858
4,996
4,505
4,655
4,951
4,749
4,293
3,823
4,830
4,225
3,455
4,040
3,728
3,766
Operating Margin (%)
3.14
4.01
9.43
9.07
7.24
6.38
7.82
9.23
9.94
7.65
4.62
6.42
6.02
7.48
Depreciation Expense
64
65
62
56
57
59
59
62
63
63
66
68
65
63
Net Income, GAAP
140
179
348
344
295
254
257
281
368
315
167
225
202
281
Effective Tax Rate (%)
23.82
21.28
19.67
18.92
19.09
27.73
24.17
23.28
23.83
21.51
21.53
22.55
25.9
25.9
Profit Margin (%)
2.88
3.58
7.72
7.38
5.96
5.35
5.98
7.36
7.61
7.46
4.83
5.56
5.41
7.46
Working Capital
585
716
970
1,101
1,141
1,297
1,342
1,384
1,538
1,523
1,250
1,318
1,365
2,506
LT Debt
111
121
130
- -
- -
40
30
- -
567
739
895
1,255
2,048
3,331
Total Equity
1,705
1,802
2,009
2,298
2,341
2,451
2,507
2,539
2,783
2,906
2,889
3,038
3,200
3,460
Return on Invested Capital (%)
4.18
5.29
11.35
11.41
9.08
6.75
8.23
8.91
10.38
6.43
3.16
4.44
3.14
3.21
Return on Capital (%)
5.53
6.4
12.09
11.8
9.51
8.07
8.61
9.86
11.09
8.29
4.34
5.21
3.87
4.58
Return on Common Equity (%)
9.16
10.2
18.24
15.96
12.72
10.6
10.36
11.15
13.82
11.08
5.76
7.58
6.47
8.8

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
850
1,139
874
LT Borrowings
2,048
2,427
3,331
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
102
102
103
Market Capitalization
19,097
16,351
29,539

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,843
3,541
3,945
Cash, Cash Equivalents & STI
287
457
665
Accounts Receivable, Net
709
729
854
Inventories
1,592
2,064
2,116
Total Current Liabilities
1,478
2,078
1,439
Payables & Accruals
- -
- -
- -
ST Debt
850
1,139
874
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.85%
4.79%
5.34%
Free Cash Flow
-3.6%
-72.65%
91.74%
Net Income, GAAP
-2.48%
-1.26%
-10.13%
Sales/Revenue/Turnover
-1.01%
0.96%
-7.72%
Total Cash Common Dividend
- -
0.24%
41.09%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
908
1,107
1,058
966
4,040
2025
917
973
969
868
3,728
2026
890
1,038
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.59
0.68
0.55
0.43
2.25
2025
0.51
0.02
0.81
0.67
2
2026
0.22
1.07
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1
2025
- -
- -
- -
- -
1.4
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Hai Cheng Wang
Full Time Employees
5,798
Sector
Process industries
Industry
Chemicals: specialty
Address
No. 2, Yong Gong Kaohsiung City KH Taiwan 82841
IPO Date
Dec 25, 2001
Website
qualipoly.com.tw
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Business
Qualipoly Chemical Corp. (4722.TW) manufactures and markets a broad portfolio of specialty resins and related materials, including unsaturated polyester resins in orthophthalic, isophthalic and vinylester types for fiberglass reinforced plastics, gelcoats and castings such as yachts, tanks and artificial marble; UV curable materials under the QualiCure brand encompassing monomers, oligomers, additives and varnishes for coatings on paper, wood, plastic and metal, printing inks, adhesives, optical and electronic applications; coating resins comprising alkyd, acrylic and amino types used as sealers, surfacers, primers, topcoats and varnishes; foundry resins including furan-based products for casting machines and metal parts; insulating varnishes such as UL-certified V821 and V852 for transformers, coils and enamel wires in telecom, electronics, automotive and robotics; polyurethane rigid foam resins for wood-imitation materials, flooring, fillers and insulation in refrigeration; PVAc and acrylic emulsion resins for adhesives in paper, wood, tiles, PVC and furniture; and fiber glass reinforcements. The company, founded in 1978 and headquartered in Kaohsiung, Taiwan, operates subsidiaries including Qualipoly Technology (Guangdong) Corp. and serves markets in over 40 countries across five continents, targeting industries such as marine, construction, electronics, automotive and industrial coatings. Recent developments include a strategic supply and distribution partnership with iGM Resins announced in 2023 to expand advanced energy-curing resins globally for graphic arts, coatings, adhesives and 3D printing; investment in a new Tainan production facility that began trial operations in 2025 to meet rising UV curable demand; and a shift toward sustainable green technologies and high-value resins for electronics, with the Annan plant ramping up in the third quarter of 2025 as part of a major portfolio transformation where 75% of output targets higher-margin products.