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

Ying Han Technology Co., Ltd.

(TWSE:4562)

Select Model

Rating:40Underperform

Price Target:TWD 28.00▼(-15.28% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by weak financial performance, including operating losses and negative cash flow. Technical trends are also weak, while the negative P/E and absent dividend yield provide no valuation support.

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)

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 performance is very weak: revenue declined, EBIT, EBITDA, and net income were negative, and operating and free cash flow turned negative. Positive equity and improved leverage provide limited support.

Income Statement

18Very Negative

Balance Sheet

50Neutral

Cash Flow

20Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	659.42M	716.41M	776.84M	742.20M	762.24M	823.59M
Gross Profit	250.05M	260.96M	276.47M	251.60M	235.90M	204.51M
EBITDA	-21.76M	-48.59M	20.07M	-13.63M	54.37M	-62.90M
Net Income	-62.06M	-112.13M	-39.37M	-80.84M	-14.06M	-136.47M
Balance Sheet
Total Assets	2.24B	2.15B	2.27B	2.28B	2.47B	2.81B
Cash, Cash Equivalents and Short-Term Investments	307.26M	169.14M	257.24M	276.54M	265.12M	589.62M
Total Debt	1.07B	926.71M	886.25M	974.31M	1.02B	1.36B
Total Liabilities	1.32B	1.23B	1.23B	1.23B	1.34B	1.69B
Stockholders Equity	909.12M	904.81M	1.02B	1.05B	1.12B	1.12B
Cash Flow
Free Cash Flow	-157.56M	-115.38M	57.02M	36.65M	9.88M	-134.59M
Operating Cash Flow	-130.46M	-84.37M	77.99M	59.33M	18.38M	-24.37M
Investing Cash Flow	-101.73M	-30.56M	-32.50M	-19.47M	239.64M	-98.46M
Financing Cash Flow	197.61M	30.33M	-75.38M	-47.53M	-346.16M	181.01M

Ying Han Technology Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:4562 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:5490	64Neutral	TWD 2.68B	10.00	―	5.39%	17.05%	97.00%
TW:7709	60Neutral	TWD 2.86B	19.65	―	2.03%	-20.49%	10.41%
TW:3444	59Neutral	TWD 3.22B	40.25	―	2.29%	5.40%	-8.34%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:4563	49Neutral	TWD 2.96B	-16.02	―	5.58%	-20.39%	-253.78%
TW:1530	43Neutral	TWD 2.68B	23.57	―	0.38%	1.34%	75.78%
TW:4562	40Underperform	TWD 2.63B	-47.21	―	―	-19.93%	13.97%

* General Sector Average

Performance Comparison

TW:4562 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:4562	Ying Han Technology Co., Ltd.	33.05	-5.35	-13.93%
TW:1530	Awea Mechantronic Co. Ltd.	26.00	1.63	6.69%
TW:3444	Niching Industrial Corp.	78.60	25.37	47.66%
TW:4563	Quaser Machine Tools, Inc.	52.30	3.65	7.50%
TW:5490	XAC Automation Corporation	27.85	1.40	5.30%
TW:7709	Honor Seiki Co. Ltd.	73.80	36.88	99.87%

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

Ying Han Technology Co., Ltd. AI Stock Analysis