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Ying Han Technology Co., Ltd. (4562) AI Stock Analysis

TW:4562

Ying Han Technology Co., Ltd.

(TWSE:4562)

Select Model
Rating:32Underperform
Price Target:TWD 27.00â–¼(-18.31% Downside)
Action:initiatedcoverage
Date:11/09/26

Ying Han Technology scores low primarily due to persistently weak fundamentals: sustained losses, declining revenue, a return to negative operating and free cash flow, and an eroding equity base that has lifted debt-to-equity above 1.0. Meaningful debt reduction and a materially stronger gross margin (around 36%) are genuine positives, but they have not yet reached the bottom line. Technicals reinforce caution, with the price trading below all key moving averages despite neutral momentum readings, while a negative P/E and absence of a dividend leave little valuation or income support. Earnings call and corporate event components were excluded for lack of data, with their weights redistributed.

Positive Factors
Gross Margin ImprovementThe sustained rise in gross margin indicates improved product mix and/or pricing over several years. If maintained, this provides more contribution from each unit of revenue and could support a future recovery once operating costs are brought into better alignment with the company’s gross profit.
Negative Factors
Persistent Net LossesPersistent net losses indicate that the company has not yet established a sustainable earnings model, even as gross margins improved. The widening 2025 loss increases dependence on a turnaround in operating costs and leaves less internally generated capital available for investment or balance-sheet strengthening.

Ying Han Technology Co., Ltd. (4562) vs. SPDR S&P 500 ETF (SPY)

-30%-20%-10%0%10%20%30%TW:4562-11.75%SPY+14.28%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 2.89B
Dividend Yield
―
Average Volume (3M)
366.12K
Price to Earnings (P/E)
-47.2
Beta (1Y)
0.93
Revenue Growth
-19.93%
EPS Growth
13.97%
Country
TW
Employees
408
Sector
General
Sector Strength
55
Industry
Industrial - Machinery

Ying Han Technology Co., Ltd. Business Overview & Revenue Model

Company Description

Ying Han Technology Co., Ltd., established in 1976 and based in Tainan City, Taiwan, operates as an international and domestic supplier, manufacturer, and seller of tube and pipe bending equipment. The company's extensive product range features manua...

Ying Han Technology Co., Ltd. Financial Statement Overview

Summary

Financial results are weak across all three statements. Revenue fell roughly 9.9% to NT$716 million, operating losses widened to about NT$110 million (-12.8% margin) and the net loss grew to NT$112 million, with no profitable year in six periods. Cash flow swung back to negative, with operating cash flow of about -NT$84 million and free cash flow near -NT$115 million. The balance sheet is the relative strength: total debt has been cut from NT$1.44 billion in 2020 to NT$927 million, but shrinking equity (NT$905 million) has pushed debt-to-equity above 1.0 and ROE to roughly -12.4%. Gross margin expansion to about 36% is the clearest positive, though it has yet to translate into operating profit.

Income Statement

20Very Negative

Balance Sheet

42Neutral

Cash Flow

22Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue659.42M716.41M776.84M742.20M762.24M823.59M
Gross Profit250.05M260.96M276.47M251.60M235.90M204.51M
EBITDA-21.76M-48.59M20.07M-13.63M54.37M-62.90M
Net Income-62.06M-112.13M-39.37M-80.84M-14.06M-136.47M
Balance Sheet
Total Assets2.24B2.15B2.27B2.28B2.47B2.81B
Cash, Cash Equivalents and Short-Term Investments307.26M169.14M257.24M276.54M265.12M589.62M
Total Debt1.07B926.71M886.25M974.31M1.02B1.36B
Total Liabilities1.32B1.23B1.23B1.23B1.34B1.69B
Stockholders Equity909.12M904.81M1.02B1.05B1.12B1.12B
Cash Flow
Free Cash Flow-157.56M-115.38M57.02M36.65M9.88M-134.59M
Operating Cash Flow-130.46M-84.37M77.99M59.33M18.38M-24.37M
Investing Cash Flow-101.73M-30.56M-32.50M-19.47M239.64M-98.46M
Financing Cash Flow197.61M30.33M-75.38M-47.53M-346.16M181.01M

Ying Han Technology Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:4562 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:5490TW:549064NeutralTWD 2.68B10.00―5.39%17.05%97.00%
TW:7709TW:770960NeutralTWD 2.86B19.65―2.03%-20.49%10.41%
TW:3444TW:344459NeutralTWD 3.22B40.25―2.29%5.40%-8.34%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:4563TW:456349NeutralTWD 2.96B-16.02―5.58%-20.39%-253.78%
TW:1530TW:153043NeutralTWD 2.68B23.57―0.38%1.34%75.78%
TW:4562TW:456232UnderperformTWD 2.63B-47.21――-19.93%13.97%

* General Sector Average

Performance Comparison

0%100%200%TW:4562TW:1530TW:3444TW:4563TW:5490TW:7709Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:4562 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:4562Ying Han Technology Co., Ltd.33.05-5.35-13.93%
TW:1530Awea Mechantronic Co. Ltd.26.001.636.69%
TW:3444Niching Industrial Corp.78.6025.3747.66%
TW:4563Quaser Machine Tools, Inc.52.303.657.50%
TW:5490XAC Automation Corporation27.851.405.30%
TW:7709Honor Seiki Co. Ltd.73.8036.8899.87%
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