Yeh-Chiang Technology Corp. AI Stock Analysis
Yeh-Chiang Technology Corp. (6124) AI Stock Analysis
Yeh-Chiang Technology Corp.
(TPEx:6124)
Yeh-Chiang Technology scores poorly overall, driven primarily by three consecutive years of operating and net losses alongside a multi-year revenue decline, with negative return on equity and gradually eroding shareholders' equity. The main support comes from a conservative balance sheet — equity funds about two-thirds of assets with low leverage — and genuine early signs of recovery: gross margin back in positive territory, narrower losses, and a swing to positive operating and free cash flow. However, technicals reinforce the caution, with the price below all key moving averages and negative MACD confirming a sustained downtrend, while the stock sits in oversold territory. Valuation offers no cushion: a P/E of 47.1 on loss-making results and no dividend leave little margin for error. Investors would need clear evidence of sustained revenue and margin recovery before the risk/reward improves.
Yeh-Chiang Technology Corp. (6124) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 4.50B
- Dividend Yield
- ―
- Average Volume (3M)
- 17.27K
- Price to Earnings (P/E)
- 174.8
- Beta (1Y)
- 0.67
- Revenue Growth
- -10.02%
- EPS Growth
- ―
- Country
- TW
- Employees
- 62
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
Yeh-Chiang Technology Corp. Business Overview & Revenue Model
Company Description
Yeh Chiang Technology Corporation, an enterprise based in Taiwan, primarily focuses on the manufacturing and distribution of heat pipe components. The company's operations are structured into two distinct divisions: its Heat Pipe Business and its Lig...
Yeh-Chiang Technology Corp. Financial Statement Overview
Summary
A mixed picture weighted down by weak earnings. Revenue has fallen from roughly NT$2.68bn (2020) to about NT$1.82bn, and the company has posted operating and net losses for three consecutive years (latest net loss ~NT$180m, net margin ~-10%). Offsetting this, gross margin returned to positive (~7%), operating losses narrowed, EBITDA nearly tripled to ~NT$148m, and cash flow swung positive (operating cash flow ~NT$234m, free cash flow ~NT$55m). The balance sheet is the key defense: equity of ~NT$3.04bn funds ~66% of assets with debt-to-equity near 0.25, though equity is eroding, assets have shrunk three years running, borrowings rose ~42%, and ROE remains negative at about -6%. Early-stage turnaround with resilience but no proven profitability.
Income Statement
27NegativeBalance Sheet
63PositiveCash Flow
51Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Jun 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.78B | 1.82B | 1.79B | 1.82B | 2.09B | 2.56B |
| Gross Profit | 230.60M | 126.48M | -29.03M | 147.44M | 254.56M | 578.51M |
| EBITDA | 271.09M | 148.43M | 56.44M | 162.81M | 373.47M | 585.05M |
| Net Income | 94.41M | -180.18M | -217.71M | -85.85M | 83.53M | 234.79M |
Balance Sheet | ||||||
| Total Assets | 4.67B | 4.62B | 4.69B | 4.84B | 5.17B | 4.88B |
| Cash, Cash Equivalents and Short-Term Investments | 967.62M | 1.01B | 734.50M | 1.12B | 1.24B | 800.66M |
| Total Debt | 760.45M | 774.96M | 546.36M | 640.62M | 724.03M | 699.35M |
| Total Liabilities | 1.45B | 1.51B | 1.33B | 1.34B | 1.56B | 1.39B |
| Stockholders Equity | 3.14B | 3.04B | 3.29B | 3.44B | 3.55B | 3.43B |
Cash Flow | ||||||
| Free Cash Flow | 373.60M | 55.49M | -322.36M | -26.84M | 266.75M | -105.33M |
| Operating Cash Flow | 505.89M | 234.23M | -174.28M | 186.94M | 534.25M | 492.50M |
| Investing Cash Flow | -16.89M | -221.61M | -141.77M | -245.72M | -292.50M | -789.48M |
| Financing Cash Flow | -27.04M | 148.68M | -63.43M | -81.51M | 151.85M | 188.45M |
Yeh-Chiang Technology Corp. Peers Comparison
Overall Rating
TW:303167Neutral
TW:824053Neutral
TW:493552Neutral
TW:333849.3Neutral- TW:612442Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:3031 | 67Neutral | TWD 4.72B | 33.80 | ― | 3.23% | 19.33% | 4.14% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:8240 | 53Neutral | TWD 4.33B | 22.56 | ― | 2.85% | -11.48% | 21.46% |
| TW:4935 | 52Neutral | TWD 3.94B | 28.23 | ― | 3.33% | -24.80% | -49.71% |
| TW:3338 | 49Neutral | TWD 4.66B | 38.48 | ― | 2.44% | 7.22% | -41.87% |
| TW:6124 | 42Neutral | TWD 4.52B | 174.84 | ― | ― | -10.02% | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6124 | Yeh-Chiang Technology Corp. | 24.60 | 0.00 | 0.00% | |
| TW:3031 | Bright Led Electronics Corp | 31.00 | 11.81 | 61.56% | |
| TW:3338 | TaiSol Electronics Co., Ltd. | 53.20 | 3.68 | 7.42% | |
| TW:3717 | Excellence Optoelectronics Holding Co., Inc. | 23.00 | 4.74 | 25.98% | |
| TW:4935 | Global Lighting Technologies Inc. | 30.00 | -11.60 | -27.88% | |
| TW:8240 | Wah Hong Industrial Corp. | 45.60 | 12.58 | 38.09% |
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