2038.Tw
2038.TW is a mining company in the iron and steel industry, generating revenue primarily through the extraction and sale of raw materials used in steel production.
Business. 2038.TW is a mining company in the iron and steel industry, generating revenue primarily through the extraction and sale of raw materials used in steel production.
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- Macro
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
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Composite-score breakdown
Synthesis
2038.TW is a mining company in the iron and steel industry, generating revenue primarily through the extraction and sale of raw materials used in steel production.
2038.TW has a debt-to-equity ratio of 1.22, indicating a moderate reliance on debt financing, and a current ratio of 1.45, suggesting it has sufficient short-term assets to cover its short-term liabilities. However, the company's negative net cash position after subtracting total debt raises concerns about its liquidity.
The company's profitability is weak, with a return on equity of -2.88% and a return on assets of -1.13%, both significantly below the industry median for the Iron & Steel sector. This underperformance is reflected in its operating and net losses, with operating income of -77.68 million TWD and net income of -109.05 million TWD.
2038.TW's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no geographic diversification provided in the available data. This lack of diversification increases exposure to regional economic and regulatory risks.
The company's growth trajectory is uncertain, with no clear revenue growth or decline indicated in the available data. Analyst estimates for the last actual revenue were 5.27 billion TWD, compared to the reported revenue of 8.92 billion TWD. This discrepancy suggests potential volatility or variability in revenue recognition practices.
The company faces medium liquidity risk and low dilution risk, with no immediate signs of equity dilution in the near term. However, the negative free cash flow of -40.61 million TWD and capital expenditures of -248.18 million TWD indicate ongoing investment in operations, which could strain liquidity if not offset by improved operating performance.
No recent filings or transcripts are available in the provided data to assess the company's strategic direction or operational updates.
- 2038.TW is a mining company in the iron and steel industry with a weak profitability profile.
- The company has a debt-to-equity ratio of 1.22 and a current ratio of 1.45, indicating moderate liquidity and leverage.
- Return on equity and return on assets are both negative, significantly below industry medians.
- Revenue is concentrated in a single business segment, with no geographic diversification disclosed.
- The company has negative free cash flow and capital expenditures, suggesting ongoing investment in operations.
- Analyst estimates for revenue differ from reported figures, indicating potential volatility in revenue recognition.
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consensus EPS · 26-week trendSell-side observations
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- Net cash is negative after subtracting total debt.
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Physical assets
2 tracked| Asset | Type | Commodity | Country | Role |
|---|---|---|---|---|
| Hai Kwang Enterprise Kaohsiung steel plant | Steel plant | Steel | Taiwan | Registered owner |
| Hai Kwang Enterprise Kaohsiung steel plant | Steel plant | Steel | Taiwan | Parent |
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- 2038.TW Market data — financials · 2026-05-26
- Hai Kwang Enterprise Corp Market data — analyst estimates · 2026-05-26