Chian Hsing Forging Industrial Co., Ltd. (4528) AI Stock Analysis

Chian Hsing Forging Industrial Co., Ltd.

(TPEx:4528)

Select Model

Rating:45Neutral

Price Target:TWD 13.50▼(-3.91% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by weak profitability, a recent net loss, deteriorating margins, and declining cash generation. A manageable balance sheet and positive free cash flow provide support, while bearish technical trends and negative earnings-based valuation remain significant risks.

Positive Factors

Moderate LeverageModerate and improving leverage provides financial resilience while limiting the pressure that debt can place on operating cash flow. A sizable equity base also gives the company a stronger buffer against cyclical weakness and preserves flexibility to support operations through the next several quarters.

Negative Factors

Revenue ContractionSeveral years of declining revenue point to persistent pressure on demand, customer activity, or market position rather than a brief fluctuation. A modest 2025 rebound has not yet demonstrated a durable growth trajectory, limiting operating leverage and reducing the base from which future earnings can recover.

Chian Hsing Forging Industrial Co., Ltd. (4528) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.17B
Dividend Yield: 1.42%
Average Volume (3M): 38.46K
Price to Earnings (P/E): -20.7
Beta (1Y): 0.29
Revenue Growth: -3.33%
EPS Growth: -515.57%
Country: TW
Employees: 300
Sector: General
Sector Strength: 55
Industry: Auto - Parts

Chian Hsing Forging Industrial Co., Ltd. Business Overview & Revenue Model

Company Description

Chian Hsing Forging Industrial Co., Ltd. engages in the manufacture and sale of various forged products in Taiwan. Its forged products include hardware, bicycle, motorbike, automobile, and track vehicle parts, as well as industrial engineering vehicl...

Chian Hsing Forging Industrial Co., Ltd. Financial Statement Overview

Summary

Financial quality is below average: weak profitability, a 2025 net loss, declining margins, and weakening cash generation outweigh the relatively sound balance sheet and positive free cash flow.

Income Statement

30Negative

Balance Sheet

65Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.53B	1.58B	1.71B	1.95B	2.43B	2.54B
Gross Profit	196.35M	237.65M	250.62M	355.65M	451.99M	557.07M
EBITDA	126.09M	206.66M	253.64M	347.50M	459.68M	469.41M
Net Income	-56.81M	-25.70M	823.00K	76.37M	180.08M	181.30M
Balance Sheet
Total Assets	3.59B	3.64B	3.66B	3.87B	4.41B	4.61B
Cash, Cash Equivalents and Short-Term Investments	839.01M	802.90M	626.23M	640.79M	762.69M	981.63M
Total Debt	1.13B	1.18B	1.17B	1.30B	1.71B	1.79B
Total Liabilities	1.32B	1.40B	1.38B	1.63B	2.09B	2.47B
Stockholders Equity	2.27B	2.24B	2.28B	2.24B	2.32B	2.14B
Cash Flow
Free Cash Flow	143.62M	213.22M	218.32M	409.35M	-228.26M	-256.27M
Operating Cash Flow	164.40M	235.95M	265.92M	572.75M	218.87M	236.39M
Investing Cash Flow	7.24M	-26.71M	-228.63M	-158.02M	-294.63M	-272.01M
Financing Cash Flow	-111.06M	-35.93M	-256.62M	-523.64M	-149.50M	252.64M

Chian Hsing Forging Industrial Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:4528 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2235	64Neutral	TWD 1.02B	21.04	―	5.28%	-7.77%	4.84%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2063	53Neutral	TWD 1.16B	12.13	―	2.27%	-11.29%	-12.54%
TW:2947	51Neutral	TWD 1.29B	17.86	―	3.67%	6.50%	13.15%
TW:8928	46Neutral	TWD 1.04B	8.19	―	3.91%	-12.55%	122.09%
TW:4528	45Neutral	TWD 1.18B	-20.70	―	1.42%	-3.33%	-515.57%
TW:5015	44Neutral	TWD 1.30B	13.64	―	2.34%	-19.41%	67.34%

* General Sector Average

Performance Comparison

TW:4528 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:4528	Chian Hsing Forging Industrial Co., Ltd.	14.05	-2.90	-17.11%
TW:2063	Sheh Kai Precision Co., Ltd.	22.00	-0.75	-3.30%
TW:2235	I Yuan Precision Industrial Co. Ltd.	28.40	-3.81	-11.83%
TW:2947	Zhen Yu Hardware Co., Ltd.	54.50	-19.88	-26.72%
TW:5015	Rodex Fasteners Corp.	21.40	-5.83	-21.41%
TW:8928	Dynamic Precision Industry Corp.	20.45	-6.08	-22.91%

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

Chian Hsing Forging Industrial Co., Ltd. AI Stock Analysis