Li Hsuan Development & Construction Co., Ltd. (6222) AI Stock Analysis

Li Hsuan Development & Construction Co., Ltd.

(TPEx:6222)

Select Model

Rating:46Neutral

Price Target:TWD 18.00▼(-1.64% Downside)

Action:initiatedcoverage

Date:11/10/26

Weak operational performance with collapsing revenue and cash flow is the primary drag despite balance sheet strength; bearish technicals and poor valuation from negative earnings add further pressure.

Positive Factors

Very Low LeverageDebt-to-equity near zero from 2021–2025 materially reduces solvency and refinancing pressure, giving the company greater flexibility to manage property-cycle volatility. This conservative funding profile can preserve capacity to support projects or absorb weak periods, even though returns remain poor.

Negative Factors

Persistent Operating LossesPersistent operating losses and a net margin near negative 8.9% show that current projects and operations are not converting revenue into durable earnings. Continued losses can erode equity, constrain internal funding, and reduce the company’s ability to sustain development activity without improvement.

Li Hsuan Development & Construction Co., Ltd. (6222) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.76B
Dividend Yield: ―
Average Volume (3M): 12.24K
Price to Earnings (P/E): -61.2
Beta (1Y): 0.12
Revenue Growth: -38.69%
EPS Growth: 20.60%
Country: TW
Employees: 80
Sector: General
Sector Strength: 55
Industry: Furnishings, Fixtures & Appliances

Li Hsuan Development & Construction Co., Ltd. Business Overview & Revenue Model

Company Description

Li Hsuan Development & Construction Co., Ltd. is a Taiwan-based company engaged in real estate development and construction. Formerly known as Soaring Technology Co., Ltd., it historically manufactured and distributed LED lighting products such as bu...

Li Hsuan Development & Construction Co., Ltd. Financial Statement Overview

Summary

Strong balance sheet with minimal debt and near 1:1 equity-to-assets ratio provides stability, but collapsing revenue, negative margins, ongoing losses, and weak cash flow create major operational challenges.

Income Statement

18Very Negative

Balance Sheet

92Very Positive

Cash Flow

22Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.16M	2.77M	2.78M	2.44M	9.30M	265.03M
Gross Profit	92.00K	454.00K	-325.00K	-361.00K	-886.00K	33.86M
EBITDA	-19.89M	-22.78M	-12.52M	-14.35M	-17.66M	-369.00K
Net Income	-22.96M	-24.64M	-16.48M	-20.40M	14.91M	-15.39M
Balance Sheet
Total Assets	1.71B	870.08M	276.34M	292.66M	317.18M	301.24M
Cash, Cash Equivalents and Short-Term Investments	933.55M	403.56M	164.59M	173.22M	182.48M	82.81M
Total Debt	491.15M	1.40M	49.00K	104.00K	189.00K	610.00K
Total Liabilities	494.00M	7.27M	4.46M	4.29M	8.40M	11.20M
Stockholders Equity	1.21B	862.76M	271.80M	288.30M	308.70M	289.97M
Cash Flow
Free Cash Flow	-4.81M	-15.29M	-8.79M	-9.66M	-5.45M	28.17M
Operating Cash Flow	-124.60M	-15.29M	-8.79M	-9.66M	-4.92M	77.86M
Investing Cash Flow	-464.39M	-373.66M	67.00K	409.00K	104.41M	6.06M
Financing Cash Flow	1.06B	627.92M	0	0	0	-38.61M

Li Hsuan Development & Construction Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6222 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3512	58Neutral	TWD 2.14B	9.67	―	9.63%	-6.81%	92.51%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:5455	48Neutral	TWD 1.96B	-49.48	―	―	-99.39%	-109.36%
TW:6222	46Neutral	TWD 2.09B	-61.24	―	―	-38.69%	20.60%
TW:3489	43Neutral	TWD 2.04B	7793.10	―	13.27%	-56.20%	―

* General Sector Average

Performance Comparison

TW:6222 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6222	Li Hsuan Development & Construction Co., Ltd.	18.30	-1.60	-8.04%
TW:3489	Sun Brothers Development Co., Ltd.	22.60	5.91	35.43%
TW:3512	Huang Long Development Co., Ltd.	18.70	-0.35	-1.86%
TW:5455	Sheng Yi Development Co.,Ltd	31.10	2.10	7.24%

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

Li Hsuan Development & Construction Co., Ltd. AI Stock Analysis