View Future GrowthChung Hwa Pulp 과거 순이익 실적과거 기준 점검 0/6Chung Hwa Pulp 의 수입은 연평균 -59.3%의 비율로 감소해 온 반면, Forestry 산업은 연평균 0.8%의 비율로 감소했습니다. 매출은 연평균 2.7%의 비율로 감소해 왔습니다.핵심 정보-59.28%순이익 성장률-59.19%주당순이익(EPS) 성장률Forestry 산업 성장률11.20%매출 성장률-2.68%자기자본이익률-2.49%순이익률-2.43%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported 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.공시 • 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, 2026Reported 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.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.모든 업데이트 보기Recent 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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 Taiwan공시 • 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.공시 • 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.분석 기사 • 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...공시 • 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.공시 • 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.공시 • 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%).공시 • 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.공시 • 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.공시 • 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%).공시 • 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.공시 • 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.분석 기사 • 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...공시 • Mar 10Chung Hwa Pulp Corporation, Annual General Meeting, May 25, 2021Chung Hwa Pulp Corporation, Annual General Meeting, May 25, 2021.공시 • 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.분석 기사 • 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...분석 기사 • 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.분석 기사 • 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.공시 • 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.매출 및 비용 세부 내역Chung Hwa Pulp가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TWSE:1905 매출, 비용 및 순이익 (TWD Millions)날짜매출순이익일반관리비연구개발비31 Mar 2618,331-4461,75211431 Dec 2518,767-6131,90612630 Sep 2519,151-1,1201,92013830 Jun 2519,645-7371,99314931 Mar 2520,315-6422,02316131 Dec 2420,768-2521,93316330 Sep 2421,169891,92815930 Jun 2421,128-1651,86217731 Mar 2420,773-3571,82317931 Dec 2320,955-5731,77117830 Sep 2321,237-6731,71717530 Jun 2322,420-2031,85916431 Mar 2323,5893342,02116131 Dec 2223,6514462,16214930 Sep 2223,5492232,28412430 Jun 2222,562892,17610331 Mar 2222,0813352,10810231 Dec 2122,0324882,02510530 Sep 2121,4566691,91014530 Jun 2120,7733821,80015731 Mar 2119,533111,63813431 Dec 2018,617-2021,51411830 Sep 2018,581-4301,44910030 Jun 2019,009-4081,45710931 Mar 2019,868-4471,46012731 Dec 1920,689-2451,46912830 Sep 1921,602651,51622030 Jun 1922,7383511,54818731 Mar 1923,6384851,57615931 Dec 1824,0254461,59714730 Sep 1824,3755011,6523130 Jun 1823,9964981,6243131 Mar 1823,0605291,5743131 Dec 1722,8396191,5353030 Sep 1722,3606241,4802930 Jun 1722,0305031,4632831 Mar 1722,2844481,4702631 Dec 1622,0023911,4662530 Sep 1621,6424281,4602430 Jun 1621,7286461,4732231 Mar 1621,2896991,4672131 Dec 1520,9917801,4712030 Sep 1521,1838061,45224양질의 수익: 1905 은(는) 현재 수익성이 없습니다.이익 마진 증가: 1905는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 1905은 수익성이 없으며 지난 5년 동안 손실이 연평균 59.3% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 1905의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: 1905은 수익성이 없어 지난 해 수익 성장률을 Forestry 업계(-2.3%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: 1905는 현재 수익성이 없으므로 자본 수익률이 음수(-2.49%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YMaterials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/11 00:44종가2026/07/09 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Chung Hwa Pulp Corporation는 2명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Jihong 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.
공시 • 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
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.
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.
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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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.
분석 기사 • 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...
공시 • 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.
공시 • 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.
공시 • 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%).
공시 • 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.
공시 • 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.
공시 • 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%).
공시 • 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.
공시 • 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.
분석 기사 • 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...
공시 • Mar 10Chung Hwa Pulp Corporation, Annual General Meeting, May 25, 2021Chung Hwa Pulp Corporation, Annual General Meeting, May 25, 2021.
공시 • 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.
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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.
공시 • 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.