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Chian-Hsing Forging Industrial Co., Ltd. specializes in various kinds of forged products used on automobiles, motorcycles, bicycles, and etc. Products include track related products, automobile parts, motorbike parts, bicycle parts, mechanical parts, hardware tools, and forged products, which are mainly supplied to Tier-1 auto parts suppliers. It has factories in Taiwan, Taicang (Jiangsu), and Huaian (Jiangsu). About 56% of its revenue is generated from its Taiwan factory and 44% is from its factories in China.

It is known that its Japanese customer in Guangzhou, mainly cooperating with car manufacturers including Dongfeng-Nissan and Beijing-Hyundai, is building a new factory in Xianyan and shows increasing demand for Chian Hsing’s forged products, so Chian-Hsing has also increased its capacity to respond to such demand. Chian-Hsing’s revenue last year was NTD1.813 billion (YoY: 19.31%). Reviewing the surplus in Q4 2014, the contribution from its China factories, and the EPS of NTD2.9 (better than the originally expected NTD2.7), one market survey estimated that Chian-Hsing’s revenue, boosted by the increasing demand from Japan and North America, is very likely to grow 15% to land at NTD2.0-2.1 billion and the EPS this year is also expected to maintain above the level of NTD3, or even higher, to NTD3.3.