Chung Hwa Pulp（1905）株式概要Chung Hwa Pulp Corporationは台湾と中国本土でパルプ、紙、板紙、化学製品、肥料の製造、販売、流通を行っている。 詳細1905 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績0/6財務の健全性2/6配当金0/6リスク分析負債は営業キャッシュフローで十分にカバーされていない 過去5年間で収益は年間59.3%減少しました。 TW市場と比較した過去 3 か月間の株価の変動すべてのリスクチェックを見る1905 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$13.0536.5% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-642m24b2016201920222025202620282031Revenue NT$16.0bEarnings NT$876.4mAdvancedSet Fair ValueView all narrativesChung Hwa Pulp Corporation 競合他社Longchen Paper & PackagingSymbol: TWSE:1909Market cap: NT$12.7bYFYSymbol: TWSE:1907Market cap: NT$43.3bBaolong InternationalSymbol: TWSE:1906Market cap: NT$1.9bKeding EnterprisesSymbol: TWSE:6655Market cap: NT$9.9b価格と性能株価の高値、安値、推移の概要Chung Hwa Pulp過去の株価現在の株価NT$13.0552週高値NT$18.5552週安値NT$11.00ベータ-0.151ヶ月の変化4.82%3ヶ月変化10.59%1年変化4.82%3年間の変化-53.31%5年間の変化-52.46%IPOからの変化7.00%最新ニュースReported Earnings • May 17First quarter 2026 earnings released: NT$0.16 loss per share (vs NT$0.31 loss in 1Q 2025)First quarter 2026 results: NT$0.16 loss per share (improved from NT$0.31 loss in 1Q 2025). Revenue: NT$4.39b (down 9.0% from 1Q 2025). Net loss: NT$176.5m (loss narrowed 49% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.お知らせ • May 15Chung Hwa Pulp Corporation to Report Q1, 2026 Results on May 15, 2026Chung Hwa Pulp Corporation announced that they will report Q1, 2026 results on May 15, 2026New Risk • Apr 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 56% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change).Reported Earnings • Mar 17Full year 2025 earnings released: NT$0.56 loss per share (vs NT$0.23 loss in FY 2024)Full year 2025 results: NT$0.56 loss per share (further deteriorated from NT$0.23 loss in FY 2024). Revenue: NT$18.8b (down 9.6% from FY 2024). Net loss: NT$612.6m (loss widened 143% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.お知らせ • Mar 16Chung Hwa Pulp Corporation, Annual General Meeting, Jun 16, 2026Chung Hwa Pulp Corporation, Annual General Meeting, Jun 16, 2026. Location: 3 floor no,24, sec.1 hang chou s. rd., taipei city TaiwanReported Earnings • Nov 15Third quarter 2025 earnings released: NT$0.28 loss per share (vs NT$0.067 profit in 3Q 2024)Third quarter 2025 results: NT$0.28 loss per share (down from NT$0.067 profit in 3Q 2024). Revenue: NT$4.53b (down 9.8% from 3Q 2024). Net loss: NT$310.9m (down NT$383.2m from profit in 3Q 2024). Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.最新情報をもっと見るRecent updatesReported Earnings • May 17First quarter 2026 earnings released: NT$0.16 loss per share (vs NT$0.31 loss in 1Q 2025)First quarter 2026 results: NT$0.16 loss per share (improved from NT$0.31 loss in 1Q 2025). Revenue: NT$4.39b (down 9.0% from 1Q 2025). Net loss: NT$176.5m (loss narrowed 49% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.お知らせ • May 15Chung Hwa Pulp Corporation to Report Q1, 2026 Results on May 15, 2026Chung Hwa Pulp Corporation announced that they will report Q1, 2026 results on May 15, 2026New Risk • Apr 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 56% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change).Reported Earnings • Mar 17Full year 2025 earnings released: NT$0.56 loss per share (vs NT$0.23 loss in FY 2024)Full year 2025 results: NT$0.56 loss per share (further deteriorated from NT$0.23 loss in FY 2024). Revenue: NT$18.8b (down 9.6% from FY 2024). Net loss: NT$612.6m (loss widened 143% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.お知らせ • Mar 16Chung Hwa Pulp Corporation, Annual General Meeting, Jun 16, 2026Chung Hwa Pulp Corporation, Annual General Meeting, Jun 16, 2026. Location: 3 floor no,24, sec.1 hang chou s. rd., taipei city TaiwanReported Earnings • Nov 15Third quarter 2025 earnings released: NT$0.28 loss per share (vs NT$0.067 profit in 3Q 2024)Third quarter 2025 results: NT$0.28 loss per share (down from NT$0.067 profit in 3Q 2024). Revenue: NT$4.53b (down 9.8% from 3Q 2024). Net loss: NT$310.9m (down NT$383.2m from profit in 3Q 2024). Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$0.26 loss per share (vs NT$0.17 loss in 2Q 2024)Second quarter 2025 results: NT$0.26 loss per share (further deteriorated from NT$0.17 loss in 2Q 2024). Revenue: NT$4.74b (down 12% from 2Q 2024). Net loss: NT$279.5m (loss widened 52% from 2Q 2024). Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance.Reported Earnings • May 16First quarter 2025 earnings released: NT$0.31 loss per share (vs NT$0.043 profit in 1Q 2024)First quarter 2025 results: NT$0.31 loss per share (down from NT$0.043 profit in 1Q 2024). Revenue: NT$4.83b (down 8.6% from 1Q 2024). Net loss: NT$342.9m (down NT$389.6m from profit in 1Q 2024). Revenue is forecast to grow 1.3% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.お知らせ • May 07Chung Hwa Pulp Corporation to Report Q1, 2025 Results on May 14, 2025Chung Hwa Pulp Corporation announced that they will report Q1, 2025 results on May 14, 2025Reported Earnings • Mar 22Full year 2024 earnings released: NT$0.23 loss per share (vs NT$0.53 loss in FY 2023)Full year 2024 results: NT$0.23 loss per share (improved from NT$0.53 loss in FY 2023). Revenue: NT$20.8b (flat on FY 2023). Net loss: NT$252.1m (loss narrowed 56% from FY 2023). Revenue is forecast to stay flat during the next 2 years compared to a 9.5% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.お知らせ • Mar 17Chung Hwa Pulp Corporation, Annual General Meeting, Jun 17, 2025Chung Hwa Pulp Corporation, Annual General Meeting, Jun 17, 2025. Location: 3 floor no,24, sec.1 hang chou s. rd., taipei city Taiwanお知らせ • Mar 07Chung Hwa Pulp Corporation to Report Fiscal Year 2024 Results on Mar 14, 2025Chung Hwa Pulp Corporation announced that they will report fiscal year 2024 results on Mar 14, 2025Reported Earnings • Nov 19Third quarter 2024 earnings released: EPS: NT$0.07 (vs NT$0.17 loss in 3Q 2023)Third quarter 2024 results: EPS: NT$0.07 (up from NT$0.17 loss in 3Q 2023). Revenue: NT$5.02b (flat on 3Q 2023). Net income: NT$72.3m (up NT$254.6m from 3Q 2023). Profit margin: 1.4% (up from net loss in 3Q 2023). Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.お知らせ • Nov 06Chung Hwa Pulp Corporation to Report Q3, 2024 Results on Nov 13, 2024Chung Hwa Pulp Corporation announced that they will report Q3, 2024 results on Nov 13, 2024Reported Earnings • Aug 17Second quarter 2024 earnings released: NT$0.17 loss per share (vs NT$0.35 loss in 2Q 2023)Second quarter 2024 results: NT$0.17 loss per share (improved from NT$0.35 loss in 2Q 2023). Revenue: NT$5.41b (up 7.0% from 2Q 2023). Net loss: NT$184.2m (loss narrowed 51% from 2Q 2023). Revenue is forecast to grow 2.7% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.分析記事 • Aug 09Chung Hwa Pulp (TWSE:1905) Is Carrying A Fair Bit Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...お知らせ • Aug 06Chung Hwa Pulp Corporation to Report Q2, 2024 Results on Aug 13, 2024Chung Hwa Pulp Corporation announced that they will report Q2, 2024 results on Aug 13, 2024Reported Earnings • May 16First quarter 2024 earnings released: EPS: NT$0.04 (vs NT$0.16 loss in 1Q 2023)First quarter 2024 results: EPS: NT$0.04 (up from NT$0.16 loss in 1Q 2023). Revenue: NT$5.28b (down 3.3% from 1Q 2023). Net income: NT$46.7m (up NT$216.8m from 1Q 2023). Profit margin: 0.9% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 19Full year 2023 earnings released: NT$0.53 loss per share (vs NT$0.41 profit in FY 2022)Full year 2023 results: NT$0.53 loss per share (down from NT$0.41 profit in FY 2022). Revenue: NT$21.0b (down 11% from FY 2022). Net loss: NT$573.4m (down 229% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.お知らせ • Mar 12Chung Hwa Pulp Corporation, Annual General Meeting, Jun 26, 2024Chung Hwa Pulp Corporation, Annual General Meeting, Jun 26, 2024. Location: 3F No.24, Sec. 1, Hangzhou S. Rd., Zhongzheng Dist Taipei City Taiwan Agenda: To consider Report of 2023 business & financial statements; to consider audit Committee report of 2023 audited financial report; to consider report of the employees and directors' remuneration for year 2023; to consider report the amendment of Rules of Board Meetings; and to transact such other business matters.Reported Earnings • Nov 20Third quarter 2023 earnings released: NT$0.17 loss per share (vs NT$0.26 profit in 3Q 2022)Third quarter 2023 results: NT$0.17 loss per share (down from NT$0.26 profit in 3Q 2022). Revenue: NT$4.98b (down 19% from 3Q 2022). Net loss: NT$182.3m (down 164% from profit in 3Q 2022). Revenue is forecast to stay flat during the next 2 years compared to a 10% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.お知らせ • Nov 15Chung Hwa Pulp Corporation Announces Executive ChangesChung Hwa Pulp Corporation announced position adjustment of the President. Date of the board of directors resolution or date of occurrence of the change: November 13, 2023. Name of the previous position holder: Ray Chen, Yoshihiro Akiyama. Name of the new position holder: Ray Chen. Effective date of the new appointment: November 11, 2023.Reported Earnings • Aug 19Second quarter 2023 earnings released: NT$0.35 loss per share (vs NT$0.15 profit in 2Q 2022)Second quarter 2023 results: NT$0.35 loss per share (down from NT$0.15 profit in 2Q 2022). Revenue: NT$5.05b (down 19% from 2Q 2022). Net loss: NT$375.7m (down 333% from profit in 2Q 2022). Revenue is expected to decline by 3.3% p.a. on average during the next 2 years, while revenues in the Forestry industry in Asia are expected to grow by 7.7%. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 13Upcoming dividend of NT$0.30 per share at 1.1% yieldEligible shareholders must have bought the stock before 20 July 2023. Payment date: 25 August 2023. Payout ratio is on the higher end at 98% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (2.0%).お知らせ • Jul 01Chung Hwa Pulp Corporation Announces Cash Dividend, Payable on August 25, 2023Chung Hwa Pulp Corporation announced cash dividend of TWD 326,067,395 (TWD 0.30 per share). Ex-rights (ex-dividend) trading date: July 20, 2023. Ex-rights (ex-dividend) record date: July 28, 2023. Payment date of cash dividend distribution: August 25, 2023. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: June 30, 2023.Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$28.15, the stock trades at a trailing P/E ratio of 68.6x. Average trailing P/E is 25x in the Forestry industry in Taiwan. Total returns to shareholders of 245% over the past three years.Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$19.10, the stock trades at a trailing P/E ratio of 46.6x. Average trailing P/E is 23x in the Forestry industry in Taiwan. Total returns to shareholders of 176% over the past three years.Reported Earnings • Mar 18Full year 2022 earnings released: EPS: NT$0.41 (vs NT$0.45 in FY 2021)Full year 2022 results: EPS: NT$0.41 (down from NT$0.45 in FY 2021). Revenue: NT$23.7b (up 7.3% from FY 2021). Net income: NT$445.9m (down 8.7% from FY 2021). Profit margin: 1.9% (down from 2.2% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth.お知らせ • Dec 02Chung Hwa Pulp Corporation Announces Change of Chief Information Security OfficerChung Hwa Pulp Corporation appointed Yun Chen Wu/Manager /Chung Hwa Pulp Corporation in the place of York Kuo/General manager /Fidelis IT Solutions Co. Ltd. as Chief Information Security Officer, effective from November 30, 2022.Reported Earnings • Nov 19Third quarter 2022 earnings released: EPS: NT$0.26 (vs NT$0.14 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.26 (up from NT$0.14 in 3Q 2021). Revenue: NT$6.16b (up 19% from 3Q 2021). Net income: NT$287.3m (up 88% from 3Q 2021). Profit margin: 4.7% (up from 3.0% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Donald Chang was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Nov 12Chung Hwa Pulp Corporation Announces the New Appointment of York Kuo as Chief Information Security OfficerChung Hwa Pulp Corporation announced the new appointment of York Kuo as Chief Information Security Officer. Name, title, and resume of the new position holder: York Kuo/General manager /Fidelis IT Solutions Co. Ltd. Reason for the change is new appointment. Effective date is November 11, 2022.Reported Earnings • Aug 18Second quarter 2022 earnings released: EPS: NT$0.15 (vs NT$0.38 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.15 (down from NT$0.38 in 2Q 2021). Revenue: NT$6.22b (up 8.4% from 2Q 2021). Net income: NT$161.3m (down 61% from 2Q 2021). Profit margin: 2.6% (down from 7.1% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 07Upcoming dividend of NT$0.41 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 18 August 2022. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (5.8%).お知らせ • Jun 19Chung Hwa Pulp Corporation Announces Cash DividendChung Hwa Pulp Corporation announced Cash dividends of TWD 441,134,126 (TWD 0.40/per share). Ex-rights (ex-dividend) record date is July 21, 2022.Reported Earnings • May 17First quarter 2022 earnings released: NT$0.05 loss per share (vs NT$0.087 profit in 1Q 2021)First quarter 2022 results: NT$0.05 loss per share (down from NT$0.087 profit in 1Q 2021). Revenue: NT$5.53b (flat on 1Q 2021). Net loss: NT$58.1m (down 161% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Yi Lee was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 18Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$0.45 (up from NT$0.18 loss in FY 2020). Revenue: NT$22.0b (up 18% from FY 2020). Net income: NT$488.2m (up NT$690.0m from FY 2020). Profit margin: 2.2% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jan 30Chung Hwa Pulp Corporation Announces Change of the Representative of the Company's Institutional DirectorChung Hwa Pulp Corporation appointed Cheng-Hsien, Chu as Representative Director in place of C. C. Huang, effective February 7, 2022. Cheng-Hsien, Chu is COO, YFY Inc.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.14 (vs NT$0.12 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$5.18b (up 15% from 3Q 2020). Net income: NT$153.1m (up NT$286.8m from 3Q 2020). Profit margin: 3.0% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$26.75, the stock trades at a trailing P/E ratio of 76x. Average forward P/E is 9x in the Forestry industry in Taiwan. Total returns to shareholders of 174% over the past three years.Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$0.38 (vs NT$0.033 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$5.74b (up 28% from 2Q 2020). Net income: NT$408.1m (up NT$371.8m from 2Q 2020). Profit margin: 7.1% (up from 0.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance.Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$0.09 (vs NT$0.11 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$5.48b (up 20% from 1Q 2020). Net income: NT$94.8m (up NT$212.4m from 1Q 2020). Profit margin: 1.7% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance.Reported Earnings • Apr 01Full year 2020 earnings released: NT$0.18 loss per share (vs NT$0.22 loss in FY 2019)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: NT$18.6b (down 10.0% from FY 2019). Net loss: NT$201.8m (loss narrowed 18% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance.Price Target Changed • Mar 19Price target increased to NT$13.70Up from NT$11.48, the current price target is an average from 2 analysts. New target price is 15% above last closing price of NT$11.95. Stock is up 82% over the past year.分析記事 • Mar 14Read This Before Buying Chung Hwa Pulp Corporation (TPE:1905) For Its DividendToday we'll take a closer look at Chung Hwa Pulp Corporation ( TPE:1905 ) from a dividend investor's perspective...お知らせ • Mar 10Chung Hwa Pulp Corporation, Annual General Meeting, May 25, 2021Chung Hwa Pulp Corporation, Annual General Meeting, May 25, 2021.お知らせ • Feb 27+ 1 more updateChung Hwa Pulp Corporation Announces Position Adjustment of the Executive Vice President to President of Fibrous Material Business UnitChung Hwa Pulp Corporation announced appointment position adjustment of Ray Chen from Executive Vice President to President of Fibrous Material Business Unit.分析記事 • Feb 07Chung Hwa Pulp (TPE:1905) Is Carrying A Fair Bit Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Jan 03Did You Miss Chung Hwa Pulp's (TPE:1905) 35% Share Price Gain?The simplest way to invest in stocks is to buy exchange traded funds. But investors can boost returns by picking...Price Target Changed • Dec 31Price target raised to NT$11.48Up from NT$9.40, the current price target is an average from 3 analysts. The new target price is 5.9% below the current share price of NT$12.20. As of last close, the stock is up 35% over the past year.Is New 90 Day High Low • Dec 21New 90-day high: NT$11.60The company is up 26% from its price of NT$9.18 on 22 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$2.94 per share.Is New 90 Day High Low • Nov 30New 90-day high: NT$10.35The company is up 5.0% from its price of NT$9.88 on 01 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$2.47 per share.分析記事 • Nov 29Factors Income Investors Should Consider Before Adding Chung Hwa Pulp Corporation (TPE:1905) To Their PortfolioDividend paying stocks like Chung Hwa Pulp Corporation (TPE:1905) tend to be popular with investors, and for good...Analyst Estimate Surprise Post Earnings • Nov 15Revenue misses expectationsRevenue missed analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 4.1%, compared to a 12% growth forecast for the Forestry industry in Taiwan.Reported Earnings • Nov 15Third quarter 2020 earnings released: NT$0.12 loss per shareThe company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: NT$4.49b (down 8.7% from 3Q 2019). Net loss: NT$133.7m (loss widened 20% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 94% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.お知らせ • Nov 13Chung Hwa Pulp Corporation Announces Resignation of Kirk Hwang, CEOChung Hwa Pulp Corporation announced resignation of Kirk Hwang, CEO. Effective from November 12, 2020.株主還元1905TW ForestryTW 市場7D9.2%5.8%0.5%1Y4.8%-1.2%106.7%株主還元を見る業界別リターン: 1905過去 1 年間で-1.2 % の収益を上げたTW Forestry業界を上回りました。リターン対市場: 1905は、過去 1 年間で106.7 % のリターンを上げたTW市場を下回りました。価格変動Is 1905's price volatile compared to industry and market?1905 volatility1905 Average Weekly Movement9.4%Forestry Industry Average Movement4.0%Market Average Movement6.3%10% most volatile stocks in TW Market12.2%10% least volatile stocks in TW Market2.6%安定した株価: 1905の株価は、 TW市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 1905の weekly volatility ( 9% ) は過去 1 年間安定していますが、依然としてTWの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19682,856Ray Chenwww.chp.com.tw中和パルプ股份有限公司は台湾と中国本土でパルプ、紙、板紙、化学製品、肥料の製造、販売、流通を行っている。苗木の栽培・販売、植林・伐採などの林業、林木の販売・加工・輸送、非長繊維パルプ・長繊維パルプ・筆記用具の製造・販売などを行っている。また、製紙業経営に関連する各種紙製品の売買・印刷・販売、肥料・食品小売・栽培・耐火物製造業・セメント・コンクリート製品製造業、建材・耐火物バッチ・人材派遣業・化学原料小売業、卸売業を行っている。さらに、紙製品の販売、商品と技術の輸出入、環境保護設備技術の研究開発、廃水、排ガス、騒音、固形廃棄物処理プロジェクト、固形廃棄物処理プロジェクト、純水処理、水処理プロジェクト、環境保護設備の設置、調整、販売、運営に携わっている。また、環境保護技術のコンサルティングサービスや化学原料の販売も行っている。同社は1968年に設立され、台湾の花蓮市に本社を置く。Chung Hwa Pulp CorporationはYFY Inc.の子会社である。もっと見るChung Hwa Pulp Corporation 基礎のまとめChung Hwa Pulp の収益と売上を時価総額と比較するとどうか。1905 基礎統計学時価総額NT$14.39b収益（TTM）-NT$446.26m売上高(TTM)NT$18.33b0.8xP/Sレシオ-32.3xPER（株価収益率1905 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計1905 損益計算書（TTM）収益NT$18.33b売上原価NT$17.75b売上総利益NT$581.21mその他の費用NT$1.03b収益-NT$446.26m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）-0.40グロス・マージン3.17%純利益率-2.43%有利子負債／自己資本比率84.6%1905 の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/07 02:12終値2026/06/05 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Chung Hwa Pulp Corporation 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Jihong LaiCapital Securities CorporationHorn Yu ChienMasterlink Securities Investment Advisory
Reported Earnings • May 17First quarter 2026 earnings released: NT$0.16 loss per share (vs NT$0.31 loss in 1Q 2025)First quarter 2026 results: NT$0.16 loss per share (improved from NT$0.31 loss in 1Q 2025). Revenue: NT$4.39b (down 9.0% from 1Q 2025). Net loss: NT$176.5m (loss narrowed 49% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.
お知らせ • May 15Chung Hwa Pulp Corporation to Report Q1, 2026 Results on May 15, 2026Chung Hwa Pulp Corporation announced that they will report Q1, 2026 results on May 15, 2026
New Risk • Apr 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 56% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change).
Reported Earnings • Mar 17Full year 2025 earnings released: NT$0.56 loss per share (vs NT$0.23 loss in FY 2024)Full year 2025 results: NT$0.56 loss per share (further deteriorated from NT$0.23 loss in FY 2024). Revenue: NT$18.8b (down 9.6% from FY 2024). Net loss: NT$612.6m (loss widened 143% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 16Chung Hwa Pulp Corporation, Annual General Meeting, Jun 16, 2026Chung Hwa Pulp Corporation, Annual General Meeting, Jun 16, 2026. Location: 3 floor no,24, sec.1 hang chou s. rd., taipei city Taiwan
Reported Earnings • Nov 15Third quarter 2025 earnings released: NT$0.28 loss per share (vs NT$0.067 profit in 3Q 2024)Third quarter 2025 results: NT$0.28 loss per share (down from NT$0.067 profit in 3Q 2024). Revenue: NT$4.53b (down 9.8% from 3Q 2024). Net loss: NT$310.9m (down NT$383.2m from profit in 3Q 2024). Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 17First quarter 2026 earnings released: NT$0.16 loss per share (vs NT$0.31 loss in 1Q 2025)First quarter 2026 results: NT$0.16 loss per share (improved from NT$0.31 loss in 1Q 2025). Revenue: NT$4.39b (down 9.0% from 1Q 2025). Net loss: NT$176.5m (loss narrowed 49% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.
お知らせ • May 15Chung Hwa Pulp Corporation to Report Q1, 2026 Results on May 15, 2026Chung Hwa Pulp Corporation announced that they will report Q1, 2026 results on May 15, 2026
New Risk • Apr 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 56% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change).
Reported Earnings • Mar 17Full year 2025 earnings released: NT$0.56 loss per share (vs NT$0.23 loss in FY 2024)Full year 2025 results: NT$0.56 loss per share (further deteriorated from NT$0.23 loss in FY 2024). Revenue: NT$18.8b (down 9.6% from FY 2024). Net loss: NT$612.6m (loss widened 143% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 16Chung Hwa Pulp Corporation, Annual General Meeting, Jun 16, 2026Chung Hwa Pulp Corporation, Annual General Meeting, Jun 16, 2026. Location: 3 floor no,24, sec.1 hang chou s. rd., taipei city Taiwan
Reported Earnings • Nov 15Third quarter 2025 earnings released: NT$0.28 loss per share (vs NT$0.067 profit in 3Q 2024)Third quarter 2025 results: NT$0.28 loss per share (down from NT$0.067 profit in 3Q 2024). Revenue: NT$4.53b (down 9.8% from 3Q 2024). Net loss: NT$310.9m (down NT$383.2m from profit in 3Q 2024). Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 17Second quarter 2025 earnings released: NT$0.26 loss per share (vs NT$0.17 loss in 2Q 2024)Second quarter 2025 results: NT$0.26 loss per share (further deteriorated from NT$0.17 loss in 2Q 2024). Revenue: NT$4.74b (down 12% from 2Q 2024). Net loss: NT$279.5m (loss widened 52% from 2Q 2024). Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 16First quarter 2025 earnings released: NT$0.31 loss per share (vs NT$0.043 profit in 1Q 2024)First quarter 2025 results: NT$0.31 loss per share (down from NT$0.043 profit in 1Q 2024). Revenue: NT$4.83b (down 8.6% from 1Q 2024). Net loss: NT$342.9m (down NT$389.6m from profit in 1Q 2024). Revenue is forecast to grow 1.3% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.
お知らせ • May 07Chung Hwa Pulp Corporation to Report Q1, 2025 Results on May 14, 2025Chung Hwa Pulp Corporation announced that they will report Q1, 2025 results on May 14, 2025
Reported Earnings • Mar 22Full year 2024 earnings released: NT$0.23 loss per share (vs NT$0.53 loss in FY 2023)Full year 2024 results: NT$0.23 loss per share (improved from NT$0.53 loss in FY 2023). Revenue: NT$20.8b (flat on FY 2023). Net loss: NT$252.1m (loss narrowed 56% from FY 2023). Revenue is forecast to stay flat during the next 2 years compared to a 9.5% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 17Chung Hwa Pulp Corporation, Annual General Meeting, Jun 17, 2025Chung Hwa Pulp Corporation, Annual General Meeting, Jun 17, 2025. Location: 3 floor no,24, sec.1 hang chou s. rd., taipei city Taiwan
お知らせ • Mar 07Chung Hwa Pulp Corporation to Report Fiscal Year 2024 Results on Mar 14, 2025Chung Hwa Pulp Corporation announced that they will report fiscal year 2024 results on Mar 14, 2025
Reported Earnings • Nov 19Third quarter 2024 earnings released: EPS: NT$0.07 (vs NT$0.17 loss in 3Q 2023)Third quarter 2024 results: EPS: NT$0.07 (up from NT$0.17 loss in 3Q 2023). Revenue: NT$5.02b (flat on 3Q 2023). Net income: NT$72.3m (up NT$254.6m from 3Q 2023). Profit margin: 1.4% (up from net loss in 3Q 2023). Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
お知らせ • Nov 06Chung Hwa Pulp Corporation to Report Q3, 2024 Results on Nov 13, 2024Chung Hwa Pulp Corporation announced that they will report Q3, 2024 results on Nov 13, 2024
Reported Earnings • Aug 17Second quarter 2024 earnings released: NT$0.17 loss per share (vs NT$0.35 loss in 2Q 2023)Second quarter 2024 results: NT$0.17 loss per share (improved from NT$0.35 loss in 2Q 2023). Revenue: NT$5.41b (up 7.0% from 2Q 2023). Net loss: NT$184.2m (loss narrowed 51% from 2Q 2023). Revenue is forecast to grow 2.7% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.
分析記事 • Aug 09Chung Hwa Pulp (TWSE:1905) Is Carrying A Fair Bit Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
お知らせ • Aug 06Chung Hwa Pulp Corporation to Report Q2, 2024 Results on Aug 13, 2024Chung Hwa Pulp Corporation announced that they will report Q2, 2024 results on Aug 13, 2024
Reported Earnings • May 16First quarter 2024 earnings released: EPS: NT$0.04 (vs NT$0.16 loss in 1Q 2023)First quarter 2024 results: EPS: NT$0.04 (up from NT$0.16 loss in 1Q 2023). Revenue: NT$5.28b (down 3.3% from 1Q 2023). Net income: NT$46.7m (up NT$216.8m from 1Q 2023). Profit margin: 0.9% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 19Full year 2023 earnings released: NT$0.53 loss per share (vs NT$0.41 profit in FY 2022)Full year 2023 results: NT$0.53 loss per share (down from NT$0.41 profit in FY 2022). Revenue: NT$21.0b (down 11% from FY 2022). Net loss: NT$573.4m (down 229% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.
お知らせ • Mar 12Chung Hwa Pulp Corporation, Annual General Meeting, Jun 26, 2024Chung Hwa Pulp Corporation, Annual General Meeting, Jun 26, 2024. Location: 3F No.24, Sec. 1, Hangzhou S. Rd., Zhongzheng Dist Taipei City Taiwan Agenda: To consider Report of 2023 business & financial statements; to consider audit Committee report of 2023 audited financial report; to consider report of the employees and directors' remuneration for year 2023; to consider report the amendment of Rules of Board Meetings; and to transact such other business matters.
Reported Earnings • Nov 20Third quarter 2023 earnings released: NT$0.17 loss per share (vs NT$0.26 profit in 3Q 2022)Third quarter 2023 results: NT$0.17 loss per share (down from NT$0.26 profit in 3Q 2022). Revenue: NT$4.98b (down 19% from 3Q 2022). Net loss: NT$182.3m (down 164% from profit in 3Q 2022). Revenue is forecast to stay flat during the next 2 years compared to a 10% growth forecast for the Forestry industry in Asia. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.
お知らせ • Nov 15Chung Hwa Pulp Corporation Announces Executive ChangesChung Hwa Pulp Corporation announced position adjustment of the President. Date of the board of directors resolution or date of occurrence of the change: November 13, 2023. Name of the previous position holder: Ray Chen, Yoshihiro Akiyama. Name of the new position holder: Ray Chen. Effective date of the new appointment: November 11, 2023.
Reported Earnings • Aug 19Second quarter 2023 earnings released: NT$0.35 loss per share (vs NT$0.15 profit in 2Q 2022)Second quarter 2023 results: NT$0.35 loss per share (down from NT$0.15 profit in 2Q 2022). Revenue: NT$5.05b (down 19% from 2Q 2022). Net loss: NT$375.7m (down 333% from profit in 2Q 2022). Revenue is expected to decline by 3.3% p.a. on average during the next 2 years, while revenues in the Forestry industry in Asia are expected to grow by 7.7%. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 13Upcoming dividend of NT$0.30 per share at 1.1% yieldEligible shareholders must have bought the stock before 20 July 2023. Payment date: 25 August 2023. Payout ratio is on the higher end at 98% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (2.0%).
お知らせ • Jul 01Chung Hwa Pulp Corporation Announces Cash Dividend, Payable on August 25, 2023Chung Hwa Pulp Corporation announced cash dividend of TWD 326,067,395 (TWD 0.30 per share). Ex-rights (ex-dividend) trading date: July 20, 2023. Ex-rights (ex-dividend) record date: July 28, 2023. Payment date of cash dividend distribution: August 25, 2023. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: June 30, 2023.
Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improves as stock rises 15%After last week's 15% share price gain to NT$28.15, the stock trades at a trailing P/E ratio of 68.6x. Average trailing P/E is 25x in the Forestry industry in Taiwan. Total returns to shareholders of 245% over the past three years.
Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to NT$19.10, the stock trades at a trailing P/E ratio of 46.6x. Average trailing P/E is 23x in the Forestry industry in Taiwan. Total returns to shareholders of 176% over the past three years.
Reported Earnings • Mar 18Full year 2022 earnings released: EPS: NT$0.41 (vs NT$0.45 in FY 2021)Full year 2022 results: EPS: NT$0.41 (down from NT$0.45 in FY 2021). Revenue: NT$23.7b (up 7.3% from FY 2021). Net income: NT$445.9m (down 8.7% from FY 2021). Profit margin: 1.9% (down from 2.2% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth.
お知らせ • Dec 02Chung Hwa Pulp Corporation Announces Change of Chief Information Security OfficerChung Hwa Pulp Corporation appointed Yun Chen Wu/Manager /Chung Hwa Pulp Corporation in the place of York Kuo/General manager /Fidelis IT Solutions Co. Ltd. as Chief Information Security Officer, effective from November 30, 2022.
Reported Earnings • Nov 19Third quarter 2022 earnings released: EPS: NT$0.26 (vs NT$0.14 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.26 (up from NT$0.14 in 3Q 2021). Revenue: NT$6.16b (up 19% from 3Q 2021). Net income: NT$287.3m (up 88% from 3Q 2021). Profit margin: 4.7% (up from 3.0% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Donald Chang was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Nov 12Chung Hwa Pulp Corporation Announces the New Appointment of York Kuo as Chief Information Security OfficerChung Hwa Pulp Corporation announced the new appointment of York Kuo as Chief Information Security Officer. Name, title, and resume of the new position holder: York Kuo/General manager /Fidelis IT Solutions Co. Ltd. Reason for the change is new appointment. Effective date is November 11, 2022.
Reported Earnings • Aug 18Second quarter 2022 earnings released: EPS: NT$0.15 (vs NT$0.38 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.15 (down from NT$0.38 in 2Q 2021). Revenue: NT$6.22b (up 8.4% from 2Q 2021). Net income: NT$161.3m (down 61% from 2Q 2021). Profit margin: 2.6% (down from 7.1% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 07Upcoming dividend of NT$0.41 per shareEligible shareholders must have bought the stock before 14 July 2022. Payment date: 18 August 2022. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (5.8%).
お知らせ • Jun 19Chung Hwa Pulp Corporation Announces Cash DividendChung Hwa Pulp Corporation announced Cash dividends of TWD 441,134,126 (TWD 0.40/per share). Ex-rights (ex-dividend) record date is July 21, 2022.
Reported Earnings • May 17First quarter 2022 earnings released: NT$0.05 loss per share (vs NT$0.087 profit in 1Q 2021)First quarter 2022 results: NT$0.05 loss per share (down from NT$0.087 profit in 1Q 2021). Revenue: NT$5.53b (flat on 1Q 2021). Net loss: NT$58.1m (down 161% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Yi Lee was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 18Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: NT$0.45 (up from NT$0.18 loss in FY 2020). Revenue: NT$22.0b (up 18% from FY 2020). Net income: NT$488.2m (up NT$690.0m from FY 2020). Profit margin: 2.2% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jan 30Chung Hwa Pulp Corporation Announces Change of the Representative of the Company's Institutional DirectorChung Hwa Pulp Corporation appointed Cheng-Hsien, Chu as Representative Director in place of C. C. Huang, effective February 7, 2022. Cheng-Hsien, Chu is COO, YFY Inc.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.14 (vs NT$0.12 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$5.18b (up 15% from 3Q 2020). Net income: NT$153.1m (up NT$286.8m from 3Q 2020). Profit margin: 3.0% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment improved over the past weekAfter last week's 20% share price gain to NT$26.75, the stock trades at a trailing P/E ratio of 76x. Average forward P/E is 9x in the Forestry industry in Taiwan. Total returns to shareholders of 174% over the past three years.
Reported Earnings • Aug 15Second quarter 2021 earnings released: EPS NT$0.38 (vs NT$0.033 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$5.74b (up 28% from 2Q 2020). Net income: NT$408.1m (up NT$371.8m from 2Q 2020). Profit margin: 7.1% (up from 0.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 15First quarter 2021 earnings released: EPS NT$0.09 (vs NT$0.11 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$5.48b (up 20% from 1Q 2020). Net income: NT$94.8m (up NT$212.4m from 1Q 2020). Profit margin: 1.7% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance.
Reported Earnings • Apr 01Full year 2020 earnings released: NT$0.18 loss per share (vs NT$0.22 loss in FY 2019)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: NT$18.6b (down 10.0% from FY 2019). Net loss: NT$201.8m (loss narrowed 18% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance.
Price Target Changed • Mar 19Price target increased to NT$13.70Up from NT$11.48, the current price target is an average from 2 analysts. New target price is 15% above last closing price of NT$11.95. Stock is up 82% over the past year.
分析記事 • Mar 14Read This Before Buying Chung Hwa Pulp Corporation (TPE:1905) For Its DividendToday we'll take a closer look at Chung Hwa Pulp Corporation ( TPE:1905 ) from a dividend investor's perspective...
お知らせ • Mar 10Chung Hwa Pulp Corporation, Annual General Meeting, May 25, 2021Chung Hwa Pulp Corporation, Annual General Meeting, May 25, 2021.
お知らせ • Feb 27+ 1 more updateChung Hwa Pulp Corporation Announces Position Adjustment of the Executive Vice President to President of Fibrous Material Business UnitChung Hwa Pulp Corporation announced appointment position adjustment of Ray Chen from Executive Vice President to President of Fibrous Material Business Unit.
分析記事 • Feb 07Chung Hwa Pulp (TPE:1905) Is Carrying A Fair Bit Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Jan 03Did You Miss Chung Hwa Pulp's (TPE:1905) 35% Share Price Gain?The simplest way to invest in stocks is to buy exchange traded funds. But investors can boost returns by picking...
Price Target Changed • Dec 31Price target raised to NT$11.48Up from NT$9.40, the current price target is an average from 3 analysts. The new target price is 5.9% below the current share price of NT$12.20. As of last close, the stock is up 35% over the past year.
Is New 90 Day High Low • Dec 21New 90-day high: NT$11.60The company is up 26% from its price of NT$9.18 on 22 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$2.94 per share.
Is New 90 Day High Low • Nov 30New 90-day high: NT$10.35The company is up 5.0% from its price of NT$9.88 on 01 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$2.47 per share.
分析記事 • Nov 29Factors Income Investors Should Consider Before Adding Chung Hwa Pulp Corporation (TPE:1905) To Their PortfolioDividend paying stocks like Chung Hwa Pulp Corporation (TPE:1905) tend to be popular with investors, and for good...
Analyst Estimate Surprise Post Earnings • Nov 15Revenue misses expectationsRevenue missed analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 4.1%, compared to a 12% growth forecast for the Forestry industry in Taiwan.
Reported Earnings • Nov 15Third quarter 2020 earnings released: NT$0.12 loss per shareThe company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: NT$4.49b (down 8.7% from 3Q 2019). Net loss: NT$133.7m (loss widened 20% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 94% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
お知らせ • Nov 13Chung Hwa Pulp Corporation Announces Resignation of Kirk Hwang, CEOChung Hwa Pulp Corporation announced resignation of Kirk Hwang, CEO. Effective from November 12, 2020.
