Ching Feng Home Fashions Co., Ltd. (9935) AI Stock Analysis

Ching Feng Home Fashions Co., Ltd.

(TWSE:9935)

Select Model

Rating:56Neutral

Price Target:TWD 18.50▼(-1.07% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by fair financial quality and weak technical momentum, including declining earnings, leverage, and lower free-cash-flow conversion. Attractive valuation and dividend yield provide meaningful support but do not fully offset the operating and market-trend risks.

Positive Factors

Healthy Operating MarginsHealthy operating and gross margins indicate that the company retains meaningful profitability in its core home-fashions operations. Although margins have fluctuated, the 2025 levels provide a solid base for absorbing demand variability and supporting reinvestment over the next several quarters.

Negative Factors

Recent Revenue DeclineThe reversal from strong 2024 revenue growth to a 3.3% decline in 2025 indicates that demand has not yet established a consistent upward trend. Uneven sales growth can limit operating leverage, make earnings harder to forecast, and constrain the durability of future profit expansion.

Ching Feng Home Fashions Co., Ltd. (9935) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 3.38B
Dividend Yield: 6.42%
Average Volume (3M): 270.67K
Price to Earnings (P/E): 7.8
Beta (1Y): 0.44
Revenue Growth: -4.32%
EPS Growth: 52.17%
Country: TW
Employees: 1,391
Sector: General
Sector Strength: 55
Industry: Furnishings, Fixtures & Appliances

Ching Feng Home Fashions Co., Ltd. Business Overview & Revenue Model

Company Description

Ching Feng Home Fashions Co.,Ltd is a company dedicated to the creation, production, and global distribution of an extensive range of household decorative items, serving both the Taiwanese market and international clientele. Their product portfolio e...

Ching Feng Home Fashions Co., Ltd. Financial Statement Overview

Summary

Profitability is supported by healthy gross and operating margins, but declining revenue and net income, elevated leverage, lower return on equity, and weaker free-cash-flow conversion weigh on overall financial quality.

Income Statement

62Positive

Balance Sheet

48Neutral

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2021
Income Statement
Total Revenue	5.13B	4.94B	5.40B	4.55B	5.29B	4.97B
Gross Profit	1.41B	1.29B	1.31B	910.00M	920.62M	778.69M
EBITDA	968.23M	785.14M	903.59M	481.21M	564.31M	351.55M
Net Income	434.41M	289.74M	415.46M	104.00M	220.59M	77.93M
Balance Sheet
Total Assets	9.09B	7.82B	7.58B	6.65B	7.14B	6.13B
Cash, Cash Equivalents and Short-Term Investments	1.37B	666.68M	806.30M	723.89M	720.68M	778.54M
Total Debt	3.46B	3.86B	4.20B	3.16B	4.49B	3.82B
Total Liabilities	6.41B	5.18B	4.76B	4.40B	4.86B	4.10B
Stockholders Equity	2.68B	2.64B	2.82B	2.25B	2.28B	2.02B
Cash Flow
Free Cash Flow	233.81M	324.64M	131.87M	662.01M	-722.85M	112.86M
Operating Cash Flow	438.37M	495.77M	355.71M	826.85M	-418.37M	223.28M
Investing Cash Flow	-1.06B	-674.95M	-465.96M	-249.89M	-65.90M	-439.38M
Financing Cash Flow	570.96M	-714.00K	188.66M	-607.91M	581.65M	100.86M

Ching Feng Home Fashions Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:9935 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:1457	56Neutral	TWD 3.31B	10.30	―	7.19%	-20.14%	30.46%
TW:9935	56Neutral	TWD 3.33B	7.84	―	6.42%	-4.32%	52.17%
TW:1435	55Neutral	TWD 2.74B	-25.82	―	―	-24.87%	-105.68%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1414	53Neutral	TWD 3.36B	31.27	―	7.74%	-6.95%	298.25%
TW:1443	53Neutral	TWD 3.18B	11.57	―	―	-6.37%	172.97%
TW:1451	53Neutral	TWD 3.38B	11.29	―	5.87%	8.77%	-3.63%

* General Sector Average

Performance Comparison

TW:9935 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:9935	Ching Feng Home Fashions Co., Ltd.	18.70	-0.41	-2.15%
TW:1414	Tung Ho Textile Co., Ltd.	16.95	-2.00	-10.54%
TW:1435	Chung Fu Tex-International Corp.	19.60	-6.25	-24.18%
TW:1443	Lily Textile Co. Ltd.	23.60	-4.50	-16.01%
TW:1451	Nien Hsing Textile Co., Ltd.	17.05	0.58	3.54%
TW:1457	Yi Jinn Industrial Co.,Ltd	13.90	-1.54	-9.97%

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 10, 2026

Ching Feng Home Fashions Co., Ltd. AI Stock Analysis