Chien Shing Stainless Steel Co., Ltd. (2025) AI Stock Analysis

Chien Shing Stainless Steel Co., Ltd.

(TWSE:2025)

Select Model

Rating:45Neutral

Price Target:TWD 10.50▼(-3.23% Downside)

Action:initiatedcoverage

Date:11/09/26

Low score driven mainly by poor financial performance with negative margins, rising leverage and cash outflows, plus weak technicals showing price below moving averages. Low P/E valuation offers limited support.

Positive Factors

Established stainless-steel businessThe company operates in a defined stainless-steel materials business serving downstream industrial and commercial applications. This established product focus provides a clear operating base and leaves room to benefit from demand across multiple end-use markets over the medium term.

Negative Factors

Declining revenue and lossesThe latest operating results show weakening demand or pricing economics, with revenue declining and gross profit turning negative. A net loss further reduces internally generated funds and makes near-term recovery dependent on a return to healthier operating conditions.

Chien Shing Stainless Steel Co., Ltd. (2025) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.93B
Dividend Yield: ―
Average Volume (3M): 789.39K
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

Weak results with deeply negative gross margins at -29%, persistent net losses, debt rising sharply to 688 million, and heavy operating cash burn of -565 million.

Income Statement

24Negative

Balance Sheet

39Negative

Cash Flow

14Very Negative

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2025 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2032	57Neutral	TWD 2.11B	11.36	―	5.38%	0.82%	190.55%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2065	53Neutral	TWD 2.15B	9.30	―	4.42%	8.17%	259.31%
TW:2066	49Neutral	TWD 2.08B	12.91	―	4.56%	-2.41%	82.10%
TW:2025	45Neutral	TWD 2.20B	8.35	―	―	46.75%	―
TW:2038	39Underperform	TWD 2.14B	-14.41	―	―	-18.59%	-845.11%
TW:2022	37Underperform	TWD 2.16B	-37.90	―	―	37.18%	71.66%

* General Sector Average

Performance Comparison

TW:2025 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2025	Chien Shing Stainless Steel Co., Ltd.	10.85	2.10	23.96%
TW:2022	Tycoons Group Enterprise Co., Ltd.	6.33	-1.69	-21.07%
TW:2032	Sinkang Industries Co., Ltd.	16.25	2.66	19.59%
TW:2038	Hai Kwang Enterprise Corporation	10.95	-2.95	-21.22%
TW:2065	Sheh Fung Screws Co., Ltd.	33.95	6.13	22.03%
TW:2066	Sumeeko Industries Co., Ltd.	47.20	-1.62	-3.32%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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

Chien Shing Stainless Steel Co., Ltd. AI Stock Analysis