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Taiwan maker of precision hinges for laptops, tablets and other electronic devices.
Taiwan maker of precision hinges for laptops, tablets and other electronic devices.
Sells to notebook makers' manufacturing partners in large volumes after each hinge is qualified for a specific laptop model, so it earns on laptop shipments and design wins rather than on a brand. Hinges are a small part of device cost but can fail, which keeps buyers cautious about switching.
Moat: narrow (process know-how, customer qualification). Hinge torque and durability specs are qualified per notebook model, so mid-design switches are costly.
Headquarters: New Taipei City, Taiwan · Employees: 3,390
Size Shin Zu Shing (3376.TW) is a Taiwan Industrials company (Industrial Machinery) with a market value of $648M, the 365th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$109.50 on 6 Nov 2026.
Performance Over six months the shares fell 46.7%, against -29.3% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 3rd lowest of 20 in its peer set.
Growth Revenue fell 21.6% over the last twelve months (peer median +10.2%); the operating margin is -1.7% (peer median 7.4%).
Valuation It trades at 11.1× forward earnings against a peer median of 12.8× (5th cheapest of 12).
Capital Return on invested capital runs 6.3 points below its cost of capital (5.3% WACC).
Next results Next results expected around 17 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | NT$9.96B | NT$10.7B | NT$13.3B | NT$10.1B | NT$11.8B |
| Revenue growth | — | -20% | +32% | -15% | — |
| Gross profit | NT$1.09B | NT$1.37B | NT$2.35B | NT$1.69B | NT$2.41B |
| EBITDA | NT$366M | NT$680M | NT$1.80B | NT$1.51B | NT$2.17B |
| Net income | NT$284M | NT$318M | NT$1.36B | NT$807M | NT$1.66B |
| Free cash flow | -NT$614M | -NT$137M | -NT$141M | NT$1.99B | NT$1.34B |
| Capital expenditure | NT$1.54B | NT$1.75B | NT$1.16B | NT$198M | NT$290M |
| Total debt | NT$1.65B | NT$1.10B | NT$791M | NT$1.88B | NT$1.89B |
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 | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Shin Zu Shing 3376.TW | $648M | -47% | -22% | -2% | 11.1× | n/a |
| Fositek 6805.TW | $3.50B | -15% | +46% | 27% | 20.0× | 14.7% |
| Nan Juen International 6584.TWO | $633M | -59% | +44% | 27% | 15.9× | 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 | 3376.TW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -36.1% | -11.3% | 2nd lowest of 21 |
| 6-month return | -46.7% | -29.3% | 3rd lowest of 20 |
| Distance from 52-week high | -56.2% | -47.2% | 5th lowest of 21 |
| Revenue growth (TTM) | -21.6% | +10.2% | 2nd lowest of 21 |
| Operating margin | -1.7% | 7.4% | 3rd lowest of 21 |
| Forward P/E | 11.1× | 12.8× | 5th cheapest of 12 |
| ROIC minus cost of capital | -6.3 pp | -3.6 pp | 7th lowest of 21 |
| Net debt / EBITDA | -7.6× | -0.2× | least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shin Zu Shing 3376.TW | Taiwan | $648M | -47% | -22% | -2% | 11.1× | n/a | n/a |
| Furukawa 5715.T | Japan | $646M | -24% | +10% | 6% | 12.8× | n/a | n/a |
| Krn Heat Exchanger and Refrigeration KRN.NS | India | $651M | -29% | +77% | 15% | 46.3× | n/a | n/a |
| Glotech Industrial 5475.TWO | Taiwan | $652M | -56% | +101% | 12% | n/a | n/a | n/a |
| Techman Robot 4585.TW | Taiwan | $652M | -40% | +33% | 6% | n/a | 50.5% | +9.4% |
| Shuifa Gas 603318.SS | China | $656M | -45% | -4% | 11% | n/a | n/a | n/a |
| Ningbo BaoSi Energy Equipment 300441.SZ | China | $640M | -5% | 0% | 12% | 7.4× | n/a | n/a |
| Zhejiang Xinxing Tools 301677.SZ | China | $658M | n/a | +10% | 40% | n/a | -1.0% | +9.6% |
| J.S. Corrugating Machinery 000821.SZ | China | $659M | -33% | -32% | 1% | 16.6× | n/a | n/a |
| Asahi Yukizai 4216.T | Japan | $638M | -8% | +1% | 11% | 16.4× | -1.8% | +8.4% |
| Shandong Weida Machinery 002026.SZ | China | $660M | -19% | +2% | 9% | 16.3× | 7.5% | -2.4% |
| Shenyang Blue Silver Industry Automatic Equipment 300293.SZ | China | $662M | -30% | -9% | -13% | n/a | n/a | n/a |
| Chongqing Machinery & Electric 2722.HK | Hong Kong | $634M | -61% | +20% | 1% | 4.0× | 13.5% | +8.8% |
| Noritz 5943.T | Japan | $633M | -3% | -1% | 2% | 12.8× | 4.1% | +1.9% |
| Changhong Huayi Compressor 000404.SZ | China | $665M | -23% | -6% | 5% | 8.8× | -12.1% | +2.4% |
| Zhejiang Kangsheng 002418.SZ | China | $632M | -34% | +14% | 2% | n/a | n/a | n/a |
| Sanchuan Wisdom Technology 300066.SZ | China | $632M | -35% | +16% | -1% | n/a | n/a | n/a |
| Obara 6877.T | Japan | $630M | +12% | +17% | 17% | 10.6× | -0.2% | +6.9% |
| OK Science & Technology 001223.SZ | China | $629M | -19% | +10% | -5% | n/a | n/a | n/a |
| Man Industries (India) MANINDS.NS | India | $629M | +49% | +11% | 11% | 19.2× | n/a | n/a |
| Guangdong Kingstrong Technology 300629.SZ | China | $669M | -29% | +33% | 33% | n/a | 19.8% | +4.2% |