Hwang Chang General Contractor Co., Ltd (TPE:2543)

TPE:2543 Income Statement

Financials in millions TWD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	11,392	12,431	11,275	8,448	8,003	6,406
Revenue Growth (YoY)	-9.94%	10.25%	33.46%	5.57%	24.92%	13.97%
Cost of Revenue	8,812	9,446	10,266	8,067	7,931	6,230
Gross Profit	2,580	2,985	1,009	381.2	71.79	176.05
Selling, General & Admin	483.9	401.48	265.79	211.06	174.68	160.62
Operating Expenses	483.9	401.48	265.79	31.06	174.68	96.27
Operating Income	2,096	2,584	742.82	350.13	-102.89	79.78
Interest Expense	-70.78	-63.61	-76.98	-80.09	-67.38	-52.41
Interest & Investment Income	27.19	23.57	23.45	6.38	0.72	1.32
Currency Exchange Gain (Loss)	-	-	-0.09	0.42	-	0.12
Other Non Operating Income (Expenses)	123.42	10.31	6.16	0.11	568.76	2.07
EBT Excluding Unusual Items	2,175	2,554	695.35	276.95	399.2	30.89
Gain (Loss) on Sale of Investments	-	-	-0.1	-	-	-
Gain (Loss) on Sale of Assets	32.86	32.86	6.18	0.51	12.35	0.67
Other Unusual Items	-	-	1.19	10.83	4.5	20.11
Pretax Income	2,208	2,587	702.63	288.29	416.05	51.67
Income Tax Expense	454.32	543.17	117.35	15.21	13.79	-
Earnings From Continuing Operations	1,754	2,044	585.28	273.08	402.26	51.67
Minority Interest in Earnings	-42.7	-26.03	-75.25	-30.87	-32.67	-15.97
Net Income	1,711	2,018	510.03	242.2	369.58	35.7
Net Income to Common	1,711	2,018	510.03	242.2	369.58	35.7
Net Income Growth	9.82%	295.63%	110.58%	-34.47%	935.39%	54.73%
Shares Outstanding (Basic)	518	449	402	402	402	402
Shares Outstanding (Diluted)	518	451	403	403	402	402
Shares Change (YoY)	44.50%	11.79%	-0.02%	0.24%	-	-
EPS (Basic)	3.30	4.49	1.27	0.60	0.92	0.09
EPS (Diluted)	3.30	4.48	1.26	0.60	0.92	0.09
EPS Growth	-23.91%	254.04%	110.11%	-34.47%	936.93%	54.50%
Free Cash Flow	-2,483	-2,588	1,973	138.4	452.18	-956.76
Free Cash Flow Per Share	-4.79	-5.74	4.89	0.34	1.12	-2.38
Dividend Per Share	0.202	0.458	0.236	0.177	-	-
Dividend Growth	-53.95%	93.95%	33.37%	-	-	-
Gross Margin	22.64%	24.02%	8.95%	4.51%	0.90%	2.75%
Operating Margin	18.40%	20.79%	6.59%	4.14%	-1.29%	1.24%
Profit Margin	15.02%	16.23%	4.52%	2.87%	4.62%	0.56%
Free Cash Flow Margin	-21.80%	-20.82%	17.50%	1.64%	5.65%	-14.94%
EBITDA	2,733	3,082	1,024	528.35	56.5	202.05
EBITDA Margin	23.99%	24.79%	9.08%	6.25%	0.71%	3.15%
D&A For EBITDA	637.21	497.61	280.96	178.21	159.39	122.27
EBIT	2,096	2,584	742.82	350.13	-102.89	79.78
EBIT Margin	18.40%	20.79%	6.59%	4.14%	-1.29%	1.24%
Effective Tax Rate	20.57%	21.00%	16.70%	5.28%	3.31%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.