Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
1611.TW
HOLDREMOVEChina Electric Mfg. Corporation · Consumer Cyclical · Taiwan · $137M · Avg Vol: $756K/d
China Electric Mfg. is a legacy lighting manufacturer with low quality metrics and no structural growth drivers to justify an investment under our concentrated fund mandate.
COMPANY DESCRIPTION
China Electric Mfg. Corporation is Taiwan's leading manufacturer of lighting products, operating under the widely recognized "TOA" brand. The company produces a comprehensive range of LED lamps, commercial lighting fixtures, and smart lighting control systems for residential, commercial, and public infrastructure projects. Its extensive domestic distribution network and strong brand equity establish it as the primary supplier for local construction and electrical engineering firms.
FINANCIAL SUMMARY (USD)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|---|
| Revenue | — | 49.6M | 43.0M | 36.7M | 33.7M | -12.1% |
| EPS | 0.03 | 0.01 | 0.01 | 0.02 | — | -16.5% |
| Shares | — | 322.7M | 322.7M | 322.7M | 322.7M | -0.0% |
| Debt | 0 | 20.4M | 20.4M | 20.3M | 19.4M | -1.6% |
| Equity | — | 132.9M | 136.8M | 142.8M | 132.8M | -0.0% |
| Op CF | — | 6.2M | 7.8M | 6.1M | 8.0M | 8.8% |
| Inv CF | — | 5.9M | -9.9M | -6.8M | 4.7M | — |
| Fin CF | — | -9.4M | -3.4M | -6.2M | -9.3M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Consumer Cyclical, ranked by industry match, size, and score similarity. Cross-listings of 1611.TW are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 1611.TW | China Electric Mfg. Corporation(you) | $137M | 40 | HOLD |
| 6201.TW | Ya Horng Electronic Co., Ltd. | $136M | 52 | HOLD |
| 1614.TW | Taiwan Sanyo Electric Co.,Ltd. | $260M | 38 | HOLD |
| 2491.TW | Fortune Oriental Company Limited | $114M | 54 | HOLD |
| 1604.TW | Sampo Corporation | $273M | 34 | SELL |
| 6957.TW | HORIZON FIXTURE GROUP CO LTD | $329M | 36 | HOLD |
| 1810.TW | Hocheng Corporation | $204M | 23 | SELL |
| 9935.TW | Ching Feng Home Fashions Co.,Ltd | $107M | 68 | BUY |
| 4564.TW | Mosa Industrial Corporation | $116M | 6 | STRONG SELL |
| 1558.TW | Zeng Hsing Industrial Co., Ltd. | $186M | 80 | BUY |
Peer medians: ROE 7.6% · P/E 16.5x · Gross margin 22.9%