Hwang Chang General Contractor (2543) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 115 was NT$2,901,102 thousand, up 21% year-over-year from NT$2,392,215 thousand.

• Net income for Q1 115 was NT$196,210 thousand, down 36% year-over-year from NT$305,262 thousand.

• EPS for Q1 115 was NT$0.37, compared to NT$0.59 in Q1 114.

• Major projects included several public infrastructure and social housing contracts.

Financial highlights

• Gross margin for Q1 115 was 13%, compared to 17% in Q1 114.

• Operating income for Q1 115 was NT$261,739 thousand, down from NT$286,660 thousand year-over-year.

• Cash and cash equivalents at Q1 115 end were NT$1,000,686 thousand, down from NT$2,093,012 thousand a year ago.

• Total assets as of Q1 115 were NT$21,011,651 thousand, up from NT$18,192,305 thousand a year ago.

• Total liabilities increased to NT$10,581,078 thousand from NT$8,491,114 thousand year-over-year.

Outlook and guidance

• Backlog of unfulfilled contract value as of Q1 115 was NT$161,582,614 thousand, to be recognized through 116–124.

• Dividend proposals for 114 include NT$1/share stock and NT$0.5/share cash, pending shareholder approval.