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Taiwanese ODM/EMS maker producing printers, calculators and PC peripherals for global brands, part of Kinpo Group.
Taiwanese ODM/EMS maker producing printers, calculators and PC peripherals for global brands, part of Kinpo Group.
Makes products under other companies' brands, so revenue comes from manufacturing orders from large brand customers at thin margins that depend on volume, component costs and factory use. Cal-Comp Electronics in Thailand is one of its main manufacturing arms and is separately listed.
In one line: A contract manufacturer behind HP/Canon-branded printers.
Moat: none (scale). Contract manufacturer competing on cost and scale rather than owning end-brands.
Headquarters: Taipei, Taiwan · Founded: 1976 · Employees: 42,058
Size Kinpo Electronics (2312.TW) is a Taiwan Information Technology company (Electronic Equipment/Instruments) with a market value of $1.16B, the 243rd largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$25.90 on 6 Nov 2026.
Performance Over six months the shares fell 7.8%, against -25.1% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 5th highest of 20 in its peer set.
Growth Revenue fell 6.8% over the last twelve months (peer median +10.4%); the operating margin is 2.5% (peer median 9.2%).
Valuation It trades at 0.5× enterprise value to sales against a peer median of 3.5× (cheapest of 21).
Capital Return on invested capital runs 0.9 points below its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$159B | NT$163B | NT$164B | NT$160B | NT$181B |
| Revenue growth | — | -1% | +3% | -12% | — |
| Gross profit | NT$9.92B | NT$9.90B | NT$9.87B | NT$9.38B | NT$10.2B |
| EBITDA | NT$6.81B | NT$6.72B | NT$7.38B | NT$6.20B | NT$6.06B |
| Net income | NT$1.80B | NT$1.57B | NT$1.65B | NT$751M | NT$1.01B |
| Free cash flow | -NT$1.49B | NT$3.08B | NT$2.97B | NT$13.7B | -NT$9.42B |
| Capital expenditure | NT$3.81B | NT$3.60B | NT$2.32B | NT$2.93B | NT$5.95B |
| Total debt | NT$53.3B | NT$40.8B | NT$37.6B | NT$47.1B | NT$55.4B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Kinpo Electronics 2312.TW | $1.16B | -8% | -7% | 3% | 0.5× | n/a |
| Compal Electronics 2324.TW | $4.15B | +8% | -4% | 1% | 0.2× | n/a |
| Hon Hai Precision Industry 2317.TW | $95.6B | -3% | +25% | 4% | 0.3× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2312.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.6% | -5.9% | 8th lowest of 21 |
| 6-month return | -7.8% | -25.1% | 5th highest of 20 |
| Distance from 52-week high | -41.7% | -44.2% | 9th highest of 21 |
| Revenue growth (TTM) | -6.8% | +10.4% | 2nd lowest of 21 |
| Operating margin | 2.5% | 9.2% | 3rd lowest of 21 |
| EV / Sales | 0.5× | 3.5× | cheapest of 21 |
| ROIC minus cost of capital | -0.9 pp | -2.7 pp | 8th highest of 21 |
| Net debt / EBITDA | 3.8× | 0.1× | most indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kinpo Electronics 2312.TW | Taiwan | $1.16B | -8% | -7% | 3% | 0.5× | n/a | n/a |
| Ventec International 6672.TW | Taiwan | $1.15B | +110% | +20% | 13% | 7.3× | n/a | n/a |
| Wuhan East Lake High Technology 600133.SS | China | $1.17B | -18% | -3% | 8% | 3.8× | n/a | n/a |
| Henan Thinker Automatic Equipment 603508.SS | China | $1.18B | -20% | -1% | 39% | 4.3× | -3.9% | +12.6% |
| Shenzhen Clou Electronics 002121.SZ | China | $1.11B | -36% | +40% | -5% | 1.6× | n/a | n/a |
| Hunan Zhongke Electric 300035.SZ | China | $1.22B | -42% | +46% | 5% | 1.4× | n/a | n/a |
| GVS S.p.A GVS.MI | Italy | $1.24B | +35% | -1% | 12% | 3.1× | 14.3% | +3.2% |
| OKI Electric Industry 6703.T | Japan | $1.24B | -32% | -4% | 4% | 0.6× | 10.1% | +1.4% |
| Uni-Trend Technology (China) 688628.SS | China | $1.07B | -34% | +33% | 15% | 4.5× | n/a | n/a |
| Henan Yicheng New Energy 300080.SZ | China | $1.05B | -17% | -13% | -21% | 4.0× | n/a | n/a |
| Asia Optical 3019.TW | Taiwan | $1.04B | -14% | +13% | 10% | 1.2× | 0.1% | +10.9% |
| Shandong Chunguang Technology 301531.SZ | China | $1.29B | n/a | +7% | 12% | 7.3× | 58.9% | +4.4% |
| Camelot Electronics Technology 301282.SZ | China | $992M | +12% | +58% | 7% | 2.5× | n/a | n/a |
| Rigol Technologies 688337.SS | China | $990M | -45% | +27% | 9% | 3.9× | 24.5% | +20.5% |
| Wuxi Xinje Electric 603416.SS | China | $984M | -22% | +26% | 9% | 2.5× | 19.8% | +12.2% |
| Guangdong High Dream Intellectualized Machinery 300720.SZ | China | $1.38B | -25% | +8% | 6% | 37.8× | n/a | n/a |
| Park Systems 140860.KS | South Korea | $965M | -35% | -6% | 12% | 6.5× | n/a | n/a |
| Suzhou Sushi Testing 300416.SZ | China | $957M | -26% | +8% | 15% | 3.2× | 2.6% | +13.7% |
| Transcat TRNS | United States | $955M | +33% | +20% | 5% | 3.0× | 30.3% | +13.9% |
| Shanghai Liangxin Electrical Co 002706.SZ | China | $1.42B | -26% | +6% | 3% | 1.8× | n/a | n/a |
| Gl Tech 300480.SZ | China | $1.44B | -28% | +43% | 13% | 9.9× | n/a | n/a |