Chain Chon Industrial Co., Ltd. (5014) AI Stock Analysis

Chain Chon Industrial Co., Ltd.

(TPEx:5014)

Select Model

Rating:40Underperform

Price Target:TWD 8.50▼(-9.38% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is driven primarily by very weak financial performance, including losses, high leverage, and inconsistent cash generation. Bearish technical momentum adds risk, while the high dividend yield provides limited support because the company is currently unprofitable.

Positive Factors

Positive 2025 Operating Cash FlowPositive operating and free cash flow in 2025 shows the business still converted activity into cash despite difficult earnings conditions. Although the surplus was modest, internally generated funds provide some capacity to support operations and reduce reliance on external financing.

Negative Factors

Severe Profitability DeteriorationThe sharp move to a substantial net loss and negative operating profit signals that the current business model has little earnings protection. A gross margin near 2.4% leaves limited room to absorb steel price or cost volatility, making recovery dependent on improved operating conditions.

Chain Chon Industrial Co., Ltd. (5014) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.70B
Dividend Yield: 5.33%
Average Volume (3M): 176.67K
Price to Earnings (P/E): -12.2
Beta (1Y): 0.43
Revenue Growth: 8.02%
EPS Growth: 14.29%
Country: TW
Employees: 70
Sector: General
Sector Strength: 55
Industry: Steel

Chain Chon Industrial Co., Ltd. Business Overview & Revenue Model

Company Description

Chain Chon Industrial Co., Ltd., based in Taoyuan City, Taiwan, operates as a prominent manufacturer and global supplier of stainless steel products. The company handles the processing and commercialization of a wide array of stainless steel forms, i...

Chain Chon Industrial Co., Ltd. Financial Statement Overview

Summary

Financial quality is very weak: profitability deteriorated into a net loss, leverage remained high at 2.05 times equity, and free cash flow declined 91.0% despite turning positive.

Income Statement

18Very Negative

Balance Sheet

35Negative

Cash Flow

20Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	15.90B	14.95B	16.33B	15.61B	19.07B	18.55B
Gross Profit	538.70M	366.07M	586.85M	605.70M	1.27B	1.37B
EBITDA	505.65M	96.67M	639.53M	423.89M	852.09M	940.24M
Net Income	-142.61M	-437.63M	216.02M	25.70M	376.72M	519.71M
Balance Sheet
Total Assets	9.12B	8.65B	11.56B	10.33B	8.75B	7.39B
Cash, Cash Equivalents and Short-Term Investments	666.45M	722.38M	3.47B	3.05B	1.82B	615.87M
Total Debt	5.67B	5.41B	7.74B	6.76B	4.78B	4.09B
Total Liabilities	6.46B	6.00B	8.33B	7.30B	5.54B	4.82B
Stockholders Equity	2.65B	2.65B	3.22B	2.99B	3.17B	2.55B
Cash Flow
Free Cash Flow	-341.06M	37.87M	-502.83M	-272.35M	1.72B	-454.32M
Operating Cash Flow	-285.86M	117.26M	-222.38M	809.36M	1.80B	-190.51M
Investing Cash Flow	2.82B	2.50B	-216.74M	-2.21B	-2.08B	-10.56M
Financing Cash Flow	-3.15B	-2.66B	467.62M	1.46B	198.24M	258.76M

Chain Chon Industrial Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:5014 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:4503	71Outperform	TWD 1.41B	4.93	―	―	-12.40%	1140.31%
TW:4581	62Neutral	TWD 1.61B	11.55	―	6.40%	8.55%	-19.58%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6248	49Neutral	TWD 1.62B	11.01	―	7.49%	-15.86%	20.11%
TW:3490	45Neutral	TWD 1.91B	5.13	―	1.43%	0.22%	―
TW:5014	40Underperform	TWD 1.67B	-12.18	―	5.33%	8.02%	14.29%
TW:5011	37Underperform	TWD 1.76B	-45.69	―	1.14%	-8.66%	79.34%

* General Sector Average

Performance Comparison

TW:5014 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:5014	Chain Chon Industrial Co., Ltd.	9.38	-0.59	-5.94%
TW:3490	Single Well Industrial Co. Ltd.	35.00	10.15	40.86%
TW:4503	Gold Rain Enterprises Corp.	18.70	-30.80	-62.22%
TW:4581	World Known MFG (Cayman) Limited	46.90	-3.77	-7.43%
TW:5011	OFCO Industrial Corporation	17.50	6.70	62.04%
TW:6248	TMP Steel Corporation	16.25	-1.49	-8.38%

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

Chain Chon Industrial Co., Ltd. AI Stock Analysis