Hua Hsu Advanced Technology Co., Ltd. (6682) AI Stock Analysis

Hua Hsu Advanced Technology Co., Ltd.

(TPEx:6682)

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Rating:39Underperform

Price Target:TWD 21.50▼(-12.96% Downside)

Action:initiatedcoverage

Date:11/09/26

The score is held down primarily by weak fundamentals: the company is still unprofitable at the operating and net level, free cash flow has been negative for five straight years, and the revenue base has been extremely erratic, swinging from NT$1.9 billion to NT$216 million and back to NT$1.0 billion. A conservatively leveraged balance sheet (debt-to-equity of 0.25) and a clear improvement trend — positive gross margin, positive EBITDA and a halving of operating cash burn — provide some offset and keep this from scoring lower. Technicals reinforce the caution, with the stock trading far below all key moving averages and MACD deeply negative, though extremely oversold RSI and Stochastic readings hint at potential for a near-term bounce. Valuation offers little support given negative earnings and no dividend. Overall, this is a higher-risk, early-stage turnaround where sustained profitability and positive cash generation are the key milestones to watch.

Positive Factors

Revenue ReboundThe sharp 2025 revenue rebound indicates materially stronger sales activity and improved commercial traction after the weaker 2023–2024 period. If this higher revenue base persists, it could provide operating scale, support fixed-cost absorption, and create a foundation for eventual earnings improvement.

Negative Factors

Persistent Net LossesThe company has not yet demonstrated sustainable profitability despite the 2025 revenue and margin recovery. Continued operating and net losses weaken retained capital, limit internally funded investment, and leave the business more exposed if the recent improvement in demand or margins does not persist.

Hua Hsu Advanced Technology Co., Ltd. (6682) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 3.63B
Dividend Yield: ―
Average Volume (3M): 445.29K
Price to Earnings (P/E): -25.8
Beta (1Y): 1.33
Revenue Growth: 298.94%
EPS Growth: 68.95%
Country: TW
Employees: 179
Sector: General
Sector Strength: 55
Industry: Semiconductors

Hua Hsu Advanced Technology Co., Ltd. Business Overview & Revenue Model

Company Description

Hua Hsu Advanced Technology Co., Ltd. is actively involved in the innovation, production, and commercialization of electroplated diamond wires. Their product line features items such as silicon reclaim, test wafers, and epi wafers. The company first...

Hua Hsu Advanced Technology Co., Ltd. Financial Statement Overview

Summary

Hua Hsu Advanced Technology remains loss-making despite an early-stage turnaround. Revenue rebounded sharply to roughly NT$1.02 billion from NT$216 million and gross margin swung positive to 12.0% with EBITDA returning to positive territory, but operating profit (-3.1% margin) and net income (-NT$93 million, -9.1% margin) are still negative for a sixth consecutive year. The balance sheet is the relative bright spot, with modest debt-to-equity of 0.25 and debt at only ~11% of assets, though equity has eroded from NT$1.10 billion to NT$805 million on accumulated losses and ROE is still -11.5%. Cash flow is the weakest link: operating cash flow of -NT$49 million and free cash flow of -NT$159 million mark a fifth straight year of burn, even though the burn is narrowing materially. Extreme revenue volatility across years signals heavy customer concentration and poor earnings visibility.

Income Statement

31Negative

Balance Sheet

55Neutral

Cash Flow

24Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.41B	1.02B	215.72M	369.11M	1.69B	1.89B
Gross Profit	279.79M	123.01M	-167.38M	-165.15M	150.82M	96.71M
EBITDA	192.40M	70.83M	-243.12M	-269.94M	61.51M	22.22M
Net Income	48.16M	-92.63M	-369.26M	-381.25M	-37.02M	-104.10M
Balance Sheet
Total Assets	1.82B	1.86B	1.15B	1.62B	1.63B	1.45B
Cash, Cash Equivalents and Short-Term Investments	338.87M	352.57M	89.42M	310.00M	302.43M	334.28M
Total Debt	174.71M	197.55M	180.39M	244.05M	308.66M	340.61M
Total Liabilities	618.10M	685.40M	404.62M	526.50M	580.31M	785.91M
Stockholders Equity	753.52M	805.46M	744.86M	1.10B	1.05B	665.29M
Cash Flow
Free Cash Flow	10.34M	-158.56M	-191.30M	-411.40M	-352.68M	-136.63M
Operating Cash Flow	174.49M	-49.20M	-109.95M	-138.48M	-101.88M	-72.61M
Investing Cash Flow	-82.04M	23.18M	2.03M	-226.42M	-303.63M	-43.73M
Financing Cash Flow	97.02M	234.43M	-51.88M	358.98M	331.35M	233.28M

Hua Hsu Advanced Technology Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6682 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3530	62Neutral	TWD 3.67B	17.20	―	1.67%	34.89%	―
TW:6546	62Neutral	TWD 3.61B	13.18	―	4.63%	-9.74%	69.07%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6928	47Neutral	TWD 3.53B	-37.63	―	1.22%	-18.84%	-271.24%
TW:3666	42Neutral	TWD 3.51B	-11.52	―	―	-12.73%	40.04%
TW:6682	39Underperform	TWD 3.76B	-25.82	―	―	298.94%	68.95%

* General Sector Average

Performance Comparison

TW:6682 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6682	Hua Hsu Advanced Technology Co., Ltd.	24.70	-8.45	-25.50%
TW:3530	Silicon Optronics, Inc.	48.00	-12.53	-20.71%
TW:3666	Optivision Technology Inc.	26.10	-3.25	-11.07%
TW:6546	AMPAK Technology, Inc.	54.00	-11.11	-17.06%
TW:6928	Ubiqconn Technology, Inc.	41.05	-10.95	-21.06%
TW:6980	Rapidtek Technologies Inc.	109.00	56.98	109.55%

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

Hua Hsu Advanced Technology Co., Ltd. AI Stock Analysis