Chung Hwa Pulp Corporation

TWSE:1905 Stock Report

Market Cap: NT$14.0b

Chung Hwa Pulp Management

Management criteria checks 2/4

Chung Hwa Pulp's CEO is Ray Chen, appointed in Nov 2023, has a tenure of 2.58 years. total yearly compensation is NT$8.15M, comprised of 36.9% salary and 63.1% bonuses, including company stock and options. directly owns 0.007% of the company’s shares, worth NT$959.91K. The average tenure of the management team and the board of directors is 5.3 years and 4 years respectively.

Key information

Ray Chen

Chief executive officer

NT$8.1m

Total compensation

CEO salary percentage36.88%
CEO tenure2.6yrs
CEO ownership0.007%
Management average tenure5.3yrs
Board average tenure4yrs

Recent management updates

Recent updates

Analysis Article • Aug 09

Chung Hwa Pulp (TWSE:1905) Is Carrying A Fair Bit Of Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Mar 14

Read This Before Buying Chung Hwa Pulp Corporation (TPE:1905) For Its Dividend

Today we'll take a closer look at Chung Hwa Pulp Corporation ( TPE:1905 ) from a dividend investor's perspective...
Analysis Article • Feb 07

Chung Hwa Pulp (TPE:1905) Is Carrying A Fair Bit Of Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Jan 03

Did 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...
Analysis Article • Nov 29

Factors Income Investors Should Consider Before Adding Chung Hwa Pulp Corporation (TPE:1905) To Their Portfolio

Dividend paying stocks like Chung Hwa Pulp Corporation (TPE:1905) tend to be popular with investors, and for good...

CEO Compensation Analysis

How has Ray Chen's remuneration changed compared to Chung Hwa Pulp's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-NT$446m

Dec 31 2025n/an/a

-NT$613m

Sep 30 2025n/an/a

-NT$1b

Jun 30 2025n/an/a

-NT$737m

Mar 31 2025n/an/a

-NT$642m

Dec 31 2024NT$8mNT$3m

-NT$252m

Sep 30 2024n/an/a

NT$89m

Jun 30 2024n/an/a

-NT$165m

Mar 31 2024n/an/a

-NT$357m

Dec 31 2023NT$7mNT$3m

-NT$573m

Sep 30 2023n/an/a

-NT$673m

Jun 30 2023n/an/a

-NT$203m

Mar 31 2023n/an/a

NT$334m

Dec 31 2022n/an/a

NT$446m

Sep 30 2022n/an/a

NT$223m

Jun 30 2022n/an/a

NT$89m

Mar 31 2022n/an/a

NT$335m

Dec 31 2021n/an/a

NT$488m

Sep 30 2021n/an/a

NT$669m

Jun 30 2021n/an/a

NT$382m

Mar 31 2021n/an/a

NT$11m

Dec 31 2020NT$4mNT$2m

-NT$202m

Sep 30 2020n/an/a

-NT$430m

Jun 30 2020n/an/a

-NT$408m

Mar 31 2020n/an/a

-NT$447m

Dec 31 2019NT$3mNT$2m

-NT$245m

Compensation vs Market: Ray's total compensation ($USD258.10K) is above average for companies of similar size in the TW market ($USD166.17K).

Compensation vs Earnings: Ray's compensation has increased whilst the company is unprofitable.

CEO

Ray Chen

2.6yrs
Tenure
NT$8,148,000
Compensation

Mr. Ray Chen is General Manager and President of Chung Hwa Pulp Corporation since November 13, 2023 and serves as its Director since June 24, 2016 and had been President of Cellulosic Materials Division of...

Leadership Team

NamePositionTenureCompensationOwnership
Ray Chen
GM, President & Director2.6yrsNT$8.15m0.0068%
NT$ 952.4k
Guu-Fong Lin
CFO & Director12.8yrsNT$7.49m0.020%
NT$ 2.8m
Yen-Chang Hsieh
Chief Engineer4.4yrsNT$2.94mno data
Yoshihiro Akiyama
Chief Technical Officer of Adhesive Materials Application5.3yrsNT$4.39mno data
Jung-Min Huang
Accounting Manager12.3yrsno data0.0010%
NT$ 140.1k
Rong-Ming Lin
Executive Vice President of Cellulosic Materials Division8.3yrsNT$3.30mno data
Wu Casper
Chief Information Security Officer3.2yrsno datano data
David Lin
Finance Manager6.1yrsno datano data
Hank Chen
Sales Director of Special Material Business Unit4.8yrsNT$2.79mno data
Claire Hou
Vice Presidentno datano data0.0035%
NT$ 495.8k
5.3yrs
Average Tenure

Experienced Management: 1905's management team is seasoned and experienced (5.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Ray Chen
GM, President & Director10yrsNT$8.15m0.0068%
NT$ 952.4k
Guu-Fong Lin
CFO & Director18.5yrsNT$7.49m0.020%
NT$ 2.8m
Kunxiong Hwang
Chairman14.9yrsNT$10.79m0.11%
NT$ 15.9m
Shun-Chin Lee
Independent Director1yrno datano data
Wan-Yu Liu
Independent Director4yrsNT$1.29mno data
Huey-Ching Yeh
Director2yrsNT$113.00kno data
I-Son Ng
Independent Director1yrno datano data
4.0yrs
Average Tenure

Experienced Board: 1905's board of directors are considered experienced (4 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/09 11:15
End of Day Share Price 2026/06/09 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Chung Hwa Pulp Corporation is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jihong LaiCapital Securities Corporation
Horn Yu ChienMasterlink Securities Investment Advisory