嘉新水泥股份有限公司 CHC 2025 Q4 法說會簡報
Company Overview
- 公司名稱: 嘉新水泥股份有限公司 (CHIA HSIN CEMENT CORPORATION)
- 公司標誌: CHC
- 公司理念: From House to Home X Pursuing Quality of Life
Financial Highlights
2025年度 財報重點摘要 (2025 Financial Highlights)
- 營業收入 (Revenue): 30.15 億元 (TWD 100M), YoY ▲ +1.0%
- 稅前淨利 (Net Profit Before Tax): 5.59 億元 (TWD 100M), YoY ▲ +45.0%
- 淨利 (Net Profit): 5.67 億元 (TWD 100M), YoY ▲ +68.0%
- 基本每股盈餘 (Basic EPS): 0.84 元 (TWD) (2024年: 0.48 元)
- 營業毛利率 (Gross Profit %): 16% (2024年: 15%)
- 歸屬業主淨利 (Net Profit Attributable to Owners): 556 百萬元 (TWD 556 million)
- 摘要: 本業表現穩健,飯店營收成長推動毛利率提升;另外在股利收入及轉投資事業獲利挹注之下,最終歸屬業主淨利為556百萬元。 (Core operations remained resilient throughout the period. Favorable pricing and an optimized product mix contributed to an expansion in gross margin. Furthermore, driven by dividend and investment income, resulting in a net profit attributable to owners of TWD 556 million.)
本業穩定轉型效應持續展現 (Stronger Performance from Core Businesses)
(單位: 新台幣佰萬元 / Unit: NT$ million)
| 項目 (Item) | 2025 | 2024 | YoY |
|---|---|---|---|
| 營業收入 (Revenue) | 3,015 | 2,985 | 2% |
| 營業毛利 (Gross Profit) | 487 (16.2%) | 435 (14.6%) | 12% |
| 營業淨利(損) (Operating Loss) | (80) (-2.7%) | (152) (-5.1%) | 47% |
| 營業外收支淨額 (Net Non-operating Items) | 640 | 538 | 19% |
| 歸屬業主淨利 (損) (Net Profit Attributable to Owners of the Company) | 556 | 320 | 74% |
| EBITDA | 1,256 | 1,050 | 20% |
| 基本每股盈餘(元) (Basic EPS(NTD)) | 0.84 | 0.48 | 75% |
穩健財務結構 (Solid Financial Structure)
- 負債比率 (Debt Ratio): 43%
- 說明: 有效運用財務槓桿 (Effective utilization of financial leverage.)
- 長期資金佔不動產、廠房及設備比率 (Ratio of Long-Term Capital to Property, Plant and Equipment): 811%
- 說明: 財務結構穩健 (Solid Financial Structure)
- 流動比率 (Current Ratio): 259%
- 說明: 良好的償債能力 (Strong solvency)
Business Segments
各事業體維持穩定且旅宿持續成長 (Resilient Performance Across Business Portfolios)
(2025年數據, 收入單位: 億元 / Revenue in hundred millions of NTD)
-
水泥部門 (Cement)
- 收入: 12.33
- 2024年: 13.06 億 (TWD 1.306 Billion)
- YoY: ▼ -5.6%
- 說明: 受國內市場供需影響,收入小幅下滑 (Revenue experienced a marginal decline due to domestic market supply and demand fluctuations.)
- 2025年營收佔比: 41%
-
資產管理 (Asset Management)
- 收入: 3.11
- 2024年: 3.02 億 (TWD 302 Million)
- YoY: ▲ +3.1%
- 說明: 不動產租賃業務穩健,獲利持續成長 (The real estate leasing business remains robust, with profitability demonstrating sustained growth.)
- 2025年營收佔比: 10%
-
裝卸倉儲 (Warehousing and Storage)
- 收入: 6.36
- 2024年: 5.76 億 (TWD 576 Million)
- YoY: ▲ +10.5%
- 說明: 台北港業務大幅成長,獲利成長 +91.6%. (Business operations at the Port of Taipei have experienced substantial growth, with profitability increasing by 91.6%.)
- 2025年營收佔比: 21%
-
旅宿服務 (Hospitality)
- 收入: 8.35
- 2024年: 8.02 億 (TWD 802 Million)
- YoY: ▲ +4.1%
- 說明: 虧損大幅減少 (-34%) (Net loss narrowed significantly (-34%).)
- 2025年營收佔比: 28%
Products & Services
HOTEL COLLECTIVE 宿泊指標 (HOTEL COLLECTIVE Performance)
- 產品/服務名稱: HOTEL COLLECTIVE
- 說明: 住房率穩定維持在接近9成,ADR則穩定維持在25,000日圓. (Occupancy rates have remained stable at nearly 90%, while the Average Daily Rate (ADR) has consistently stayed around 25,000 yen.)
- 2025年每月平均房價 (ADR) 與住房率 (OCC) (單位: JPY):
- Jan: ADR 22,932, OCC 91.5%
- Feb: ADR 25,553, OCC 91.8%
- Mar: ADR 22,770, OCC 89.2%
- Apr: ADR 23,641, OCC 90.7%
- May: ADR 23,769, OCC 89.5%
- Jun: ADR 23,972, OCC 86.5%
- Jul: ADR 27,856, OCC 87.8%
- Aug: ADR 29,944, OCC 88.2%
- Sep: ADR 25,310, OCC 89.4%
- Oct: ADR 25,414, OCC 90.3%
- Nov: ADR 24,784, OCC 88.0%
- Dec: ADR 26,080, OCC 85.2%
- 2026年預期每月平均房價 (ADR) 與住房率 (OCC) (單位: JPY):
- Jan: ADR 24,169, OCC 90.8%
- Feb: ADR 28,605, OCC 91.1%
Outlook & Strategy
2026 沖繩旅遊市場亮點 (2026 Highlights of the Okinawa Tourism Market)
- 2025 H1 實際入域客數: 553 萬人 (5.53 Million)
- 展望: 推估消費總額及遊客人數將進一步超越去年水準 (It is projected that both total tourism spending and the number of visitors will further surpass last year's levels.)
- 策略性發展/市場驅動因素:
- JUNGLIA: 北部山原地區成為全球娛樂新焦點。(The northern Yamabaru region has become a new focus of global entertainment.)
- 首里城完工: 南部那霸重拾文化核心,引發文化旅遊高峰。(Completion of Shuri Castle: Southern Naha regains its cultural core, triggering a peak in cultural tourism.)
ESG / Sustainability
2025 永續成績 (Sustainability Achievements of 2025)
- HR Asia「亞洲最佳企業雇主」 (HR Asia "Best Companies to Work For in Asia")
- 既有建築類 鑽石級認證 建築能效評估系統第1+級認證 (Existing Building Diamond Class Certification, Building Energy Efficiency Evaluation System Level 1+)
- 中央大學x21世紀基金會「淨零產業競爭力獎 卓越獎」 (National Central University x 21st Century Foundation "Net Zero Industry Competitiveness Award - Excellence Award")
- 入選商周「全齡企業100強企業」 (Selected by Business Weekly as one of the "Top 100 All-Generations Enterprises")
- 臺北市政府「友善育兒事業獎」 (Taipei City Government "Family-Friendly Childcare Enterprise Award")
- 「企業減碳溫度計」1.5℃目標達標認證 ("Enterprise Carbon Reduction Thermometer" 1.5°C Target Achievement Certification)
- CDP中小企業 氣候變遷問卷 B級 (CDP SME Climate Change Questionnaire B-level)
- 親子天下「友善家庭職場獎」 (CommonWealth Parenting "Family-Friendly Workplace Award")
- TSCA 永續報告書白金獎 (TSCA Sustainability Report Platinum Award)
- 「天下永續公民獎」小巨人組第8名 ("CommonWealth Sustainability Citizen Award" Little Giant Group 8th Place)
- 天下學習「天下人才永續獎」 (CommonWealth Learning "CommonWealth Talent Sustainability Award")
Additional Data
免責聲明 (Disclaimer)
- 本文件中包含的前瞻性陳述有風險及不確定性,實際結果可能與前瞻性聲明中明示或暗示的內容大不相同。 (The forward-looking statements contained in this presentation are subject to risks and uncertainties and actual results may differ materially from those expressed or implied in these forward-looking statements.)
- 嘉新水泥股份有限公司對前瞻性陳述的準確性及完整性不作任何聲明或保證,嘉新水泥股份有限公司亦不承擔更新任何前瞻性陳述的義務,無論是新的資訊或未來的事件。 (Chia Hsin Cement Corporation makes no representation or warranty as to the accuracy or completeness of these forward-looking statements and nor does Chia Hsin Cement Corporation undertake any obligation to update any forward-looking statements, whether as a result of new information or future events.)
- 此簡報及其內容未經本公司書面許可,任何第三者不得任意取用。 (This presentation and its contents may not be accessed by any third party without the written permission of the Company.)
聯絡資訊 (Contact Information)
- 官網 (Official Website) - (QR code provided)
- 臉書粉絲團 (Facebook Fan Page) - (QR code provided)
- 電子郵件: IR@chcgroup.com.tw
- Hotel Collective - (QR code provided)
- 人之初產後護理之家 (Genesis Postpartum Care Center) - (QR code provided)