1. Taiwan Stocks

  2. •

    Producer manufacturing

  3. •

    Metal fabrication
Tong Ming Enterprise Co., Ltd.

Tong Ming Enterprise Co., Ltd.

TTWSE:5538
35.90
TWD
+0.15
(+0.42%)
4.38EPS
7.48P/E
6.56BMarket 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
39.82
37.03
34.72
34.61
43.81
51.27
50.81
54.59
73.37
76.68
64.44
62.34
63.28
66.48
Basic EPS, GAAP
1.51
2.96
1.38
2.69
3.94
3.09
2.69
2.94
8
4.53
0.67
2.86
3.02
4.36
Free Cash Flow per Basic Share
2.57
3.17
2.76
4.2
-3.29
2.24
3.22
-0.83
-5.4
-3.24
4.07
1.64
3.24
-3.13
Dividend per Share
2.88
1.21
2.13
0.97
1.94
2.42
1.94
1.5
1.68
3.2
2
1
1.5
- -
Book Value per Share
18.83
21.29
20.15
20.36
22.09
22.37
22.35
24.01
32.41
34.36
32.39
35.37
37.01
39.69
Tangible Book Value per Share
18.82
21.28
20.13
20.33
21.95
22.24
22.14
23.79
32.18
34.14
31.83
35.04
36.67
39.36
Basic Weighted Avg Shares
156
173
173
173
173
173
173
168
180
201
201
201
201
201
Sales/Revenue/Turnover
6,224
6,417
6,019
5,999
7,593
8,887
8,807
9,171
13,236
15,428
12,966
12,543
12,733
13,342
Operating Margin (%)
5.25
10.3
5.34
10.05
12.12
8.2
7.28
7.57
14.86
7.65
1.28
5.22
5.52
8.47
Depreciation Expense
134
135
135
117
101
136
147
166
175
194
236
336
333
345
Net Income, GAAP
237
513
238
467
684
536
466
494
1,443
911
135
576
608
875
Effective Tax Rate (%)
17.57
20.92
26.56
21.77
21.02
20.05
20.56
16.22
19.23
18.57
- -
16.73
17.17
18.12
Profit Margin (%)
3.8
8
3.96
7.78
9
6.03
5.29
5.38
10.9
5.91
1.04
4.59
4.78
6.56
Working Capital
2,102
2,579
2,520
2,679
2,866
3,240
3,507
4,200
5,922
4,892
5,475
5,467
5,812
6,310
LT Debt
- -
- -
- -
- -
- -
392
663
1,088
1,019
447
2,068
1,346
1,151
1,060
Total Equity
3,299
3,729
3,529
3,540
3,840
3,891
3,886
4,177
6,540
6,935
6,543
7,145
7,477
7,986
Return on Invested Capital (%)
5.96
10.82
5.01
10.28
13.74
8.97
7.84
8
17.08
8.52
- -
4.75
4.67
7.29
Return on Capital (%)
6.12
11.45
5.4
10.56
13.85
9.76
8.45
7.96
16.86
9.31
- -
6.2
5.69
7.73
Return on Common Equity (%)
7.66
14.76
6.64
13.29
18.59
13.91
12.03
12.29
27.02
13.57
2.01
8.45
8.35
12.09

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
4,477
3,994
5,004
LT Borrowings
1,134
1,190
1,044
LT Finance Leases
17
15
17
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
201
201
201
Market Capitalization
6,157
5,946
6,559

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
11,315
11,276
12,710
Cash, Cash Equivalents & STI
3,305
3,295
3,613
Accounts Receivable, Net
2,310
2,234
2,519
Inventories
5,015
5,183
5,712
Total Current Liabilities
5,503
4,984
6,400
Payables & Accruals
- -
- -
- -
ST Debt
4,477
3,994
5,004
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.83%
14.16%
4.64%
Free Cash Flow
0.14%
75.37%
97.68%
Net Income, GAAP
51.54%
80.38%
5.64%
Sales/Revenue/Turnover
8.97%
8.63%
1.51%
Total Cash Common Dividend
12.09%
19.08%
50%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,573
3,202
3,307
3,461
12,543
2025
3,078
3,134
3,192
3,328
12,733
2026
3,165
3,656
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.58
1.05
0.8
0.44
2.86
2025
0.7
0.71
0.86
0.76
3.02
2026
1.12
1.62
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1
2025
- -
- -
- -
- -
1.5
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Hung Chuan Tsai
Full Time Employees
906
Sector
Producer manufacturing
Industry
Metal fabrication
Address
Windward 1, Regatta Office Park Kaohsiung City Taiwan KY1-1003
IPO Date
Dec 16, 2013
Website
tonggroup.com.tw
Similar Companies
USA Rare Earth, Inc. (NASDAQ:USAR)
Azad Engineering Limited (NSE:AZAD)
Bharat Forge Ltd (NSE:BHARATFORG)
Jyoti Cnc Automation Limited (NSE:JYOTICNC)
Rolex Rings Limited (NSE:ROLEXRINGS)
Shyam Metalics & Energy Ltd. (NSE:SHYAMMETL)
Business
Tong Ming Enterprise Co., Ltd. (5538.TW) manufactures and sells stainless steel fasteners and wires under the TONG brand primarily in China and internationally; its core products include screws, nuts, threaded rods, industrial rivets, washers, rings, hose clamps, self-drilling screws, wedge anchors, rivet nuts, rivets, and non-standard fasteners, as well as stainless steel wires used as customized raw materials for small screws, kitchen supplies, mesh belts, re-stretching wires, springs, E.P.Q products, netting, cables, nails, and cold heading products. The company serves key industries such as curtain walls, high-speed railways, communications, new energy, shipbuilding, animal husbandry, and engineering projects, with main production facilities in Zhejiang Province, China, covering 152,000 square meters and an annual capacity exceeding 100,000 tons; it operates 20 direct sales branches across China and exports through subsidiaries. Founded in 1995 through its primary operating subsidiary Zhejiang Tong Ming Stainless Steel Products Co., Ltd. and incorporated as a holding company in the Cayman Islands in 2009 with shares listed on the Taiwan Stock Exchange since 2013, the company is headquartered in Grand Cayman, Cayman Islands, and employs around 700 people with additional bases referenced in Malaysia, Thailand, and China. Subsidiaries include China Rich International Holding Limited for investments, Tong Win International Co., Ltd. for exports and marketing, and past acquisition Winlink Fastener Co., Ltd. (now integrated) in Taiwan since 2012. Recent developments include the completion and operational start of a new stainless steel wire production plant in Zhejiang Province in 2022, the fasteners production plant entering production in late 2023, and the launch of the "Tong Ming Plaza" e-commerce platform in June 2023 for customized non-standard fasteners to enhance trading efficiency; board and committee changes were announced in June 2025 amid ongoing investments in property, plant, and equipment as shown in Q1 2024 financials.