Cheng Uei Precision Industry Co., Ltd. (2392) AI Stock Analysis

Cheng Uei Precision Industry Co., Ltd.

(TWSE:2392)

Select Model

Rating:45Neutral

Price Target:TWD 33.00▼(-4.07% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by the sharp deterioration in earnings, elevated leverage, and negative cash flow. Bearish technical trends add pressure, while the low P/E ratio and moderate dividend yield provide only partial support.

Positive Factors

Connectivity ComponentsThe company operates in an essential electronics value chain, supplying components that enable power and data transmission inside end devices. Exposure to several major equipment categories and OEM customers provides a broad structural demand base beyond any single product or application.

Negative Factors

Revenue ContractionDeclining revenue indicates weaker demand or reduced business volume across the company’s markets, limiting operating leverage and reducing the scale available to absorb fixed costs. Continued contraction would make a return to historical profitability more difficult over the coming quarters.

Cheng Uei Precision Industry Co., Ltd. (2392) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 15.83B
Dividend Yield: 2.91%
Average Volume (3M): 3.35M
Price to Earnings (P/E): 4.4
Beta (1Y): 1.05
Revenue Growth: -10.50%
EPS Growth: 1834.43%
Country: TW
Employees: 77,947
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

Cheng Uei Precision Industry Co., Ltd. Business Overview & Revenue Model

Company Description

Cheng Uei Precision Industry Co., Ltd. (CUPI) is a global enterprise specializing in the development, manufacturing, sales, and servicing of a comprehensive range of electronic components and solutions. Operating across Taiwan, China, the United Stat...

Cheng Uei Precision Industry Co., Ltd. Financial Statement Overview

Summary

Very weak performance: revenue declined, profitability turned negative, debt increased relative to equity, and operating and free cash flow were substantially negative.

Income Statement

18Very Negative

Balance Sheet

25Negative

Cash Flow

12Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	90.19B	95.02B	98.40B	90.55B	94.10B	86.80B
Gross Profit	-1.88B	-7.09B	12.49B	11.69B	12.09B	9.58B
EBITDA	-5.21B	-11.14B	9.39B	7.42B	7.08B	6.03B
Net Income	3.59B	-3.07B	1.69B	1.46B	2.09B	1.34B
Balance Sheet
Total Assets	123.51B	122.04B	130.51B	105.76B	98.30B	83.13B
Cash, Cash Equivalents and Short-Term Investments	32.26B	27.01B	25.49B	17.77B	14.35B	10.97B
Total Debt	64.54B	72.19B	63.45B	43.68B	35.00B	24.29B
Total Liabilities	91.14B	97.15B	90.21B	68.94B	62.04B	50.63B
Stockholders Equity	28.50B	22.01B	26.21B	24.19B	24.42B	23.28B
Cash Flow
Free Cash Flow	518.10M	-13.93B	-8.67B	-1.26B	-4.43B	-7.44B
Operating Cash Flow	6.32B	-2.71B	3.76B	2.53B	-265.34M	-3.55B
Investing Cash Flow	12.01B	-8.76B	-18.63B	-4.01B	-8.42B	22.37M
Financing Cash Flow	-11.41B	12.73B	16.95B	4.95B	11.09B	1.50B

Cheng Uei Precision Industry Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2392 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2476	65Neutral	TWD 20.92B	14.92	―	3.11%	36.13%	60.59%
TW:3357	64Neutral	TWD 19.96B	15.66	―	2.96%	30.96%	30.72%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:8042	51Neutral	TWD 17.60B	34.30	―	0.94%	22.17%	1207.91%
TW:2316	48Neutral	TWD 20.86B	8.04	―	1.74%	33.96%	31.36%
TW:2392	45Neutral	TWD 16.68B	4.42	―	2.91%	-10.50%	1834.43%

* General Sector Average

Performance Comparison

TW:2392 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2392	Cheng Uei Precision Industry Co., Ltd.	34.40	-10.16	-22.80%
TW:2316	WUS Printed Circuit Co. Ltd.	115.00	16.06	16.23%
TW:2476	G-SHANK Enterprise Co., Ltd.	95.50	3.00	3.24%
TW:3357	TAI-TECH Advanced Electronics Co., Ltd.	171.50	16.17	10.41%
TW:7788	Song Chuan Precision Co Ltd	212.00	104.44	97.11%
TW:8042	Taiwan Chinsan Electronic Industrial Co.	127.00	81.19	177.26%

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 10, 2026

Cheng Uei Precision Industry Co., Ltd. AI Stock Analysis