Koan Hao Technology Co Ltd

Koan Hao Technology Co Ltd operates with a debt-to-equity ratio of 1.05, indicating a moderate reliance on debt financing. The company holds 549.5 million TWD in cash and equivalents, but this is offset by long-term debt of 2,198.4 million TWD, resulting in a net cash position that is negative after subtracting total debt. The current ratio of 1.17 suggests the company has sufficient short-term assets to cover its short-term liabilities, but the margin is narrow. Profitability metrics show mixed results. Return on equity (ROE) is 3.13%, and return on assets (ROA) is 1.45%, both below the industry median for Paper Products. The company reported a net income of 65.4 million TWD despite an operating loss of 3.85 million TWD, which may be attributed to non-operating gains or tax benefits. Gross profit of 21.6 million TWD on revenue of 162.1 million TWD indicates a gross margin of 13.3%, which is below the industry average. The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and supply chain disruptions. No material revenue is attributed to specific geographic regions, but the company's operations are likely concentrated in its home market. Looking ahead, the company is expected to see a modest increase in revenue, with a projected growth rate of 10% in the current fiscal year and 8% in the next fiscal year. This growth is supported by a stable operating cash flow of 84.1 million TWD and a free cash flow of 83.3 million TWD. However, capital expenditures of 1.75 million TWD suggest limited reinvestment in growth initiatives. The company faces moderate liquidity risk due to its high debt load and narrow current ratio. The risk assessment indicates a medium liquidity risk and a low dilution risk, with no immediate pressure for equity issuance. No recent filings or transcripts disclose material events that would significantly alter the company's risk profile. Recent investor relations data shows that the last actual EPS was 1.05 TWD, and the last actual revenue was 1,741.7 million TWD, both in line with the financial snapshot.