Tong Hsing Electronic Industries ,Ltd. (6271) AI Stock Analysis

Tong Hsing Electronic Industries ,Ltd.

(TWSE:6271)

Select Model

Rating:65Neutral

Price Target:TWD 181.00▼(-15.42% Downside)

Action:initiatedcoverage

Date:11/10/26

Strong financial performance from a low-leverage balance sheet and robust cash generation is the primary driver, offset by weak technical indicators showing bearish momentum and price trends.

Positive Factors

Conservative Balance SheetLow and improving leverage, alongside steadily growing equity, gives Tong Hsing financial resilience and flexibility. This supports continued investment in specialized semiconductor products, reduces dependence on external financing, and improves the company’s ability to withstand cyclical demand weakness.

Negative Factors

Profitability Below Prior PeakAlthough profitability has rebounded, earnings and margins have not regained their 2022 levels. This suggests that prior-cycle earnings power is not yet fully restored, limiting confidence that current improvements represent a complete and durable recovery.

Tong Hsing Electronic Industries ,Ltd. (6271) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 46.93B
Dividend Yield: 1.40%
Average Volume (3M): 4.04M
Price to Earnings (P/E): 20.9
Beta (1Y): 1.32
Revenue Growth: 4.90%
EPS Growth: 41.69%
Country: TW
Employees: 4,821
Sector: General
Sector Strength: 55
Industry: Semiconductors

Tong Hsing Electronic Industries ,Ltd. Business Overview & Revenue Model

Company Description

Tong Hsing Electronic Industries, Ltd. engages in the development and production of thick film substrates and customized semiconductor micro-module packaging. It offers ceramic metalized substrate, such as direct plated copper, direct bonded copper,...

Tong Hsing Electronic Industries ,Ltd. Financial Statement Overview

Summary

Strong balance sheet with low debt-to-equity of 0.15 and solid cash flows with FCF up 69.5% YoY support financial performance, alongside recovering profitability despite some revenue volatility.

Income Statement

72Positive

Balance Sheet

86Very Positive

Cash Flow

79Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	12.28B	11.54B	12.09B	11.58B	14.07B	13.86B
Gross Profit	3.66B	3.19B	3.33B	2.79B	5.01B	4.61B
EBITDA	3.17B	2.98B	3.77B	2.84B	5.36B	4.98B
Net Income	2.14B	1.60B	1.71B	1.15B	3.14B	2.76B
Balance Sheet
Total Assets	36.32B	34.36B	34.62B	33.66B	34.26B	27.54B
Cash, Cash Equivalents and Short-Term Investments	8.24B	7.24B	7.04B	5.17B	7.76B	4.66B
Total Debt	4.22B	4.14B	5.19B	5.38B	5.33B	208.91M
Total Liabilities	8.42B	7.62B	8.78B	9.22B	9.74B	4.55B
Stockholders Equity	27.84B	26.68B	25.79B	24.44B	24.52B	22.98B
Cash Flow
Free Cash Flow	2.38B	1.51B	-750.84M	-364.43M	1.15B	2.21B
Operating Cash Flow	3.06B	2.96B	572.55M	2.43B	4.56B	4.61B
Investing Cash Flow	-1.36B	-755.26M	-1.57B	-3.90B	-5.06B	-2.73B
Financing Cash Flow	-962.05M	-1.69B	-823.93M	-1.27B	3.49B	-1.26B

Tong Hsing Electronic Industries ,Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6271 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6271	65Neutral	TWD 42.48B	20.89	―	1.40%	4.90%	41.69%
TW:8131	65Neutral	TWD 23.84B	13.86	―	1.81%	37.20%	416.69%
TW:8028	57Neutral	TWD 37.35B	36.07	―	1.30%	24.28%	51.82%
TW:2329	56Neutral	TWD 24.47B	14.68	―	2.70%	10.61%	51.02%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:4991	54Neutral	TWD 42.26B	81.53	―	―	52.19%	―
TW:3016	44Neutral	TWD 34.46B	63.70	―	0.40%	29.78%	22824.42%

* General Sector Average

Performance Comparison

TW:6271 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6271	Tong Hsing Electronic Industries ,Ltd.	214.00	91.55	74.77%
TW:2329	Orient Semiconductor Electronics, Limited	37.00	-11.46	-23.65%
TW:3016	Episil-Precision, Inc.	125.00	73.58	143.11%
TW:4991	GCS Holdings, Inc.	357.00	198.08	124.64%
TW:8028	Phoenix Silicon International Corp.	207.50	53.88	35.07%
TW:8131	Formosa Advanced Technologies Co., Ltd.	55.40	9.47	20.62%

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

Tong Hsing Electronic Industries ,Ltd. AI Stock Analysis