Chien Shing Stainless Steel Co., Ltd. AI Stock Analysis
Chien Shing Stainless Steel Co., Ltd. (2025) AI Stock Analysis
Chien Shing Stainless Steel Co., Ltd.
(TWSE:2025)
The score is constrained primarily by a high-risk financial profile: negative gross margins, shrinking revenue, and a severe NT$565 million operating cash burn that forced borrowings to jump from near zero to NT$688 million while equity continues to erode. Technicals reinforce the caution, with the price below all key moving averages and negative MACD confirming a sustained downtrend. The optically low P/E of 8.3 and no dividend provide little offset, as reported earnings are not backed by core operating profitability. A narrower net loss and return to positive EBITDA are early signs of stabilization, but until gross margins turn positive and the working capital drain reverses, liquidity and funding dependence remain the central concerns.
Chien Shing Stainless Steel Co., Ltd. (2025) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 1.94B
- Dividend Yield
- ―
- Average Volume (3M)
- 791.67K
- Price to Earnings (P/E)
- 8.3
- Beta (1Y)
- 0.76
- Revenue Growth
- 46.75%
- EPS Growth
- ―
- Country
- TW
- Employees
- 84
- Sector
- General
- Sector Strength
- 55
- Industry
- Steel
Chien Shing Stainless Steel Co., Ltd. Business Overview & Revenue Model
Company Description
Chien Shing Stainless Steel Co., Ltd. is a Taiwan-based company with a global presence, specializing in the stainless steel sector. Its core activities involve the production, distribution, and processing of stainless steel, focusing on coils and var...
Chien Shing Stainless Steel Co., Ltd. Financial Statement Overview
Summary
Financials are the dominant weakness. The income statement (score 19) shows revenue falling ~14% to NT$819 million with negative gross margins in five of the last six years, worsening to -28.9% in 2025 — the company is effectively selling steel below cost. Cash flow (score 11) is the most serious issue: operating cash flow of negative NT$565 million and free cash flow of negative NT$680 million, a sharp deterioration driven by heavy working capital absorption. The balance sheet (score 46) is the relative strength, with equity still funding about two-thirds of assets, but debt exploded from NT$12 million to NT$688 million and equity has eroded for two straight years. Positives — a much narrower net loss (NT$31.5 million vs NT$246 million) and a return to positive EBITDA — suggest some stabilization but are outweighed by liquidity and funding dependence.
Income Statement
19Very NegativeBalance Sheet
46NeutralCash Flow
11Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.34B | 818.72M | 1.06B | 738.69M | 1.23B | 2.47B |
| Gross Profit | 78.68M | -236.79M | -204.95M | -155.83M | -109.47M | 304.40M |
| EBITDA | 281.77M | 35.13M | -205.07M | 280.87M | -39.16M | 386.42M |
| Net Income | 222.94M | -31.50M | -245.95M | 228.22M | 780.66M | 276.32M |
Balance Sheet | ||||||
| Total Assets | 2.69B | 2.16B | 1.55B | 1.80B | 1.52B | 1.95B |
| Cash, Cash Equivalents and Short-Term Investments | 148.46M | 178.37M | 183.50M | 483.31M | 584.38M | 444.09M |
| Total Debt | 575.97M | 688.35M | 12.27M | 8.96M | 6.03M | 812.49M |
| Total Liabilities | 607.65M | 718.11M | 85.40M | 100.44M | 49.51M | 1.25B |
| Stockholders Equity | 2.09B | 1.44B | 1.46B | 1.70B | 1.47B | 699.00M |
Cash Flow | ||||||
| Free Cash Flow | -225.21M | -680.23M | -367.00M | -691.59M | 163.95M | 440.08M |
| Operating Cash Flow | -111.47M | -564.77M | -318.49M | -581.57M | 169.21M | 447.44M |
| Investing Cash Flow | -113.72M | -126.45M | 214.10M | 410.66M | 735.55M | -11.49M |
| Financing Cash Flow | 175.69M | 688.35M | 3.30M | 2.93M | -799.12M | -83.00M |
Chien Shing Stainless Steel Co., Ltd. Peers Comparison
Overall Rating
TW:203257Neutral
TW:206553Neutral
TW:206649Neutral
TW:203839.25Underperform
TW:202237Underperform- TW:202531Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:2032 | 57Neutral | TWD 2.11B | 11.10 | ― | 5.40% | 0.82% | 190.55% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:2065 | 53Neutral | TWD 2.15B | 9.26 | ― | 4.42% | 8.17% | 259.31% |
| TW:2066 | 49Neutral | TWD 2.08B | 13.04 | ― | 4.51% | -2.41% | 82.10% |
| TW:2038 | 39Underperform | TWD 2.14B | -14.47 | ― | ― | -18.59% | -845.11% |
| TW:2022 | 37Underperform | TWD 2.16B | -38.32 | ― | ― | 37.18% | 71.66% |
| TW:2025 | 31Underperform | TWD 2.20B | 8.35 | ― | ― | 46.75% | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2025 | Chien Shing Stainless Steel Co., Ltd. | 10.85 | 2.09 | 23.82% | |
| TW:2022 | Tycoons Group Enterprise Co., Ltd. | 6.40 | -1.51 | -19.09% | |
| TW:2032 | Sinkang Industries Co., Ltd. | 16.20 | 2.56 | 18.80% | |
| TW:2038 | Hai Kwang Enterprise Corporation | 11.00 | -3.10 | -21.99% | |
| TW:2065 | Sheh Fung Screws Co., Ltd. | 33.90 | 6.13 | 22.07% | |
| TW:2066 | Sumeeko Industries Co., Ltd. | 47.65 | -0.88 | -1.82% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 09, 2026