Hui Min Environmental Tech Corp. (6971) AI Stock Analysis

Hui Min Environmental Tech Corp.

(TPEx:6971)

Select Model

Rating:53Neutral

Price Target:TWD 24.50▼(-3.92% Downside)

Action:initiatedcoverage

Date:11/10/26

Weak financials from negative cash flow and rising leverage are the dominant drags, tempered by compelling valuation; subdued technical momentum adds limited support.

Positive Factors

Positive ProfitabilityMaintaining positive net margins across five years shows that the company has an established ability to convert revenue into earnings. Although profitability is modest, this earnings base can support continued operations and provide internal resources for future investment.

Negative Factors

Rising LeverageThe sharp increase in debt-to-equity shows a heavier reliance on borrowing and raises the company’s financial risk. Higher leverage can reduce balance-sheet flexibility, increase the burden on future earnings, and make it harder to fund growth without additional financing.

Hui Min Environmental Tech Corp. (6971) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 986.03M
Dividend Yield: 5.88%
Average Volume (3M): 29.91K
Price to Earnings (P/E): 10.7
Beta (1Y): 0.33
Revenue Growth: ―
EPS Growth: ―
Country: TW
Employees: 989
Sector: General
Sector Strength: 55
Industry: Engineering & Construction

Hui Min Environmental Tech Corp. Business Overview & Revenue Model

Company Description

Hui Min Environmental Tech Corporation operates as an engineering and construction company dedicated to environmental protection, with its core business centered on the production of specialized environmental equipment. The company offers a comprehen...

Hui Min Environmental Tech Corp. Financial Statement Overview

Summary

Revenue grew from 1.61B to 2.31B but thin margins, high debt-to-equity at 1.77, and negative operating cash flow of -199M create sustainability risks.

Income Statement

62Positive

Balance Sheet

38Negative

Cash Flow

18Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.21B	2.31B	2.09B	1.92B	1.49B	1.61B
Gross Profit	234.67M	238.73M	207.84M	195.86M	145.37M	135.48M
EBITDA	204.05M	213.10M	220.40M	169.34M	116.30M	99.76M
Net Income	88.89M	87.34M	95.42M	104.76M	54.40M	39.77M
Balance Sheet
Total Assets	3.19B	2.93B	2.38B	1.91B	1.65B	1.47B
Cash, Cash Equivalents and Short-Term Investments	365.83M	392.34M	314.76M	437.18M	413.11M	410.60M
Total Debt	1.85B	1.59B	1.20B	880.69M	735.66M	543.70M
Total Liabilities	2.30B	2.03B	1.64B	1.22B	1.03B	847.04M
Stockholders Equity	874.11M	901.49M	733.89M	689.92M	619.35M	597.96M
Cash Flow
Free Cash Flow	-236.70M	-303.38M	-160.38M	-64.13M	-70.07M	46.91M
Operating Cash Flow	-133.37M	-198.98M	5.35M	-20.72M	-18.96M	117.27M
Investing Cash Flow	-193.32M	-225.48M	-149.88M	-122.50M	-99.52M	-134.52M
Financing Cash Flow	429.25M	489.88M	292.05M	80.88M	101.92M	46.85M

Hui Min Environmental Tech Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6971 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:4530	57Neutral	TWD 909.19M	-169.33	―	―	74.08%	93.83%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:8440	53Neutral	TWD 967.41M	18.84	―	2.86%	-6.00%	659.16%
TW:6971	53Neutral	TWD 986.03M	10.67	―	5.88%	―	―
TW:6624	49Neutral	TWD 784.64M	62.79	―	0.80%	-31.58%	-81.33%
TW:1337	39Underperform	TWD 1.05B	-2.14	―	―	-13.60%	-6.67%

* General Sector Average

Performance Comparison

TW:6971 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6971	Hui Min Environmental Tech Corp.	25.50	-6.35	-19.94%
TW:1337	Asia Plastic Recycling Holding Limited	3.92	-1.19	-23.29%
TW:4530	Tianyi Water Energy Solutions Inc.	25.40	-3.76	-12.88%
TW:6624	Ever-Clear Environmental Eng. Corp.	36.00	1.24	3.57%
TW:6723	JG Environmental Technology Co., Ltd.	27.85	-12.76	-31.42%
TW:8440	E&E Recycling, Inc.	19.20	-6.14	-24.22%

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

Hui Min Environmental Tech Corp. AI Stock Analysis