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Hua Hsuan (2740) Annual Reports

Q: Where can I download Hua Hsuan (2740) annual reports?

Every financial year on this page links straight to the PDF filed with the Market Observation Post System (MOPS), Taiwan's statutory disclosure platform.

Q: What is an investor conference?

The Taiwanese equivalent of an earnings call. Listed companies present quarterly results and file the presentation deck with MOPS, usually in both languages.

Listed on the Taipei Exchange (TPEx), classified under Travel & Leisure. This page collects the company's annual reports, with files served directly by the Market Observation Post System (MOPS).

english presentations

2025

latest year

Company profile

Sector： All Travel & Leisure stocks →
Listing date： 2015-12-24
Incorporated： 2007-02-13
Paid-in capital： NT$168m

Website：Official site ↗

Financial history

Revenue & profit

Quarterly · In mn (TWD)

Revenue 11.7 mn Net income -13.7 mn

Taiwan filings are cumulative; figures here are restated to single quarters.

Show table：Income statement

Item	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Revenue	—	216	232	235	195	219	196	178	144	153	146	156	133	110	92.6	78.3	47.4	43.6	40.4	46.0	41.3	39.3	40.6	41.1	37.1	39.8	24.1	17.9	27.9	25.6	14.2	23.8	24.5	39.1	39.4	41.4	43.7	48.5	47.8	85.3	54.8	47.7	29.1	30.7	20.7	18.5	11.7
Gross profit	—	112	124	119	91.0	99.0	91.3	85.0	66.0	66.1	68.0	73.2	60.6	51.6	43.3	35.7	18.4	15.1	12.4	15.5	15.5	15.6	17.3	18.4	15.4	19.0	8.58	5.91	13.1	11.1	3.92	9.72	8.87	17.0	17.7	17.2	15.6	17.9	19.6	27.0	20.0	18.5	10.9	13.1	8.63	6.53	4.71
Operating income	—	13.3	23.0	13.2	-9.07	-9.45	-8.15	-3.49	-17.1	-20.8	-17.2	-9.87	-5.17	-13.2	-8.97	-14.3	-30.5	-22.3	-21.0	-19.3	-14.3	-16.8	-8.49	-11.0	-12.0	-8.24	-14.9	-13.1	-6.92	-8.43	-15.4	-11.8	-18.5	-9.43	-8.89	-12.6	-17.4	-22.0	-15.1	-7.00	-7.30	-6.46	-10.7	-6.13	-9.46	-13.8	-9.16
Pre-tax income	—	13.1	16.6	11.8	-9.92	-9.57	-8.26	-8.85	-16.1	-32.1	-16.4	-9.63	-14.8	-6.69	-11.0	-18.0	-39.2	-25.0	-20.4	-19.5	-12.9	-15.2	-6.68	-7.10	-11.4	-8.51	-8.38	-12.0	-6.08	-8.54	-14.8	-13.8	-23.9	-9.15	-8.41	-11.8	-18.6	-23.2	-15.2	-8.73	-12.2	-6.81	-20.7	-6.12	-9.46	-19.6	-13.7
Net income	—	10.8	13.4	9.86	-7.95	-7.97	-7.06	-7.26	-21.0	-32.1	-16.4	-9.63	-15.2	-6.40	-11.0	-18.0	-38.5	-25.0	-20.4	-19.5	-13.9	-15.2	-6.68	-7.10	-11.4	-8.51	-8.38	-12.0	-6.08	-8.54	-14.8	-13.8	-23.9	-9.15	-8.41	-11.8	-20.4	-23.2	-15.2	-8.73	-12.2	-6.81	-20.7	-6.12	-9.46	-19.6	-13.7

Balance sheet

Quarterly · In mn (TWD)

Total assets 173 mn Total liabilities 45.2 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Current assets	112	148	164	131	213	207	182	149	138	134	149	153	140	111	105	125	98.5	85.4	69.5	48.8	101	51.3	54.1	68.3	57.2	49.4	34.0	26.0	22.2	12.8	138	197	189	178	173	171	157	128	106	102	95.3	85.9	90.9	86.9	78.8	146	137
Total assets	321	354	370	340	422	408	456	405	401	380	387	377	322	274	254	262	224	264	237	210	187	133	139	156	139	145	123	109	98.8	83.7	202	253	248	234	226	231	260	236	207	203	168	153	134	125	118	199	173
Current liabilities	99.6	122	161	120	119	113	131	89.5	97.8	92.2	109	112	86.9	55.1	47.9	46.2	43.2	61.0	59.6	63.0	57.2	42.4	44.1	41.8	40.2	49.3	41.6	29.1	32.5	35.8	32.3	25.3	38.7	35.5	35.5	47.6	69.5	67.8	57.0	58.9	53.1	47.3	29.8	29.1	24.9	23.2	16.1
Total liabilities	109	132	172	132	132	126	205	162	170	177	200	198	160	122	113	109	103	162	155	151	140	69.8	70.9	90.3	83.7	97.6	82.7	80.5	76.1	69.5	58.2	34.0	51.4	47.1	47.2	64.4	115	114	99.2	104	81.4	72.8	45.7	43.2	37.6	57.2	45.2
Equity	211	222	198	209	289	281	250	243	231	204	187	179	162	153	141	153	120	102	81.7	59.0	47.8	63.0	68.2	65.7	55.4	47.2	40.3	28.6	22.7	14.2	144	219	196	187	179	167	146	123	108	98.8	86.7	79.9	87.9	81.8	80.2	142	128

Cash flow

Quarterly · In mn (TWD)

Operating -12.7 mn Investing 5.19 mn Financing -1.47 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating	—	54.2	29.6	30.4	5.87	13.1	-6.98	8.93	-22.1	2.30	0	-3.82	12.0	7.10	-5.35	-5.04	-19.2	-11.4	-12.0	-8.92	-5.57	-13.7	-1.88	1.50	-4.30	1.51	-10.5	-11.1	0.65	-2.34	-3.57	-5.48	-6.23	-16.9	0.57	3.55	-15.3	-14.6	-19.1	-17.2	-14.8	19.7	17.8	5.62	-4.22	-5.56	-12.7
Investing	—	-13.5	-19.2	-19.4	-19.6	-13.1	-85.7	-1.27	-34.9	-12.0	-11.0	-1.29	-10.3	14.1	0.37	-1.92	-6.56	-2.32	-0.34	-6.62	-5.43	64.0	-2.54	-7.81	-1.86	-7.31	2.49	2.09	0.09	-0.22	-3.13	0.08	0.06	-3.27	-0.3	-4.10	-4.55	-12.5	-8.18	-4.52	-3.79	-1.78	0.23	-0.47	-5.24	0.03	5.19
Financing	—	-0.03	-2.78	-37.1	89.0	0	60.0	-23.5	9.39	28.7	14.3	-3.46	-4.76	-2.23	-0.27	29.2	6.67	1.45	-7.54	-8.59	-4.55	-29.6	6.74	25.0	-0.85	-3.93	-5.55	-3.29	-3.79	-2.33	137	61.2	-3.09	-3.33	-3.34	-3.65	-4.49	-4.81	-4.73	-2.07	-3.98	-5.80	25.6	-2.42	5.65	79.1	-1.47
Cash at period end	54.4	95.0	103	76.7	152	152	119	103	55.2	74.0	77.5	69.0	66.0	85.1	79.9	102	82.7	70.6	50.6	26.3	10.6	31.2	33.4	52.2	45.4	35.6	22.1	9.86	6.80	1.91	132	188	179	155	152	148	123	91.6	59.6	35.8	13.2	25.4	69.0	71.7	67.9	141	132

Profitability

Quarterly · %

Gross margin 40.1% Operating margin -78.0% Net margin -116.6%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Gross margin	—	51.6%	53.2%	50.8%	46.8%	45.3%	46.7%	47.9%	45.8%	43.2%	46.5%	46.8%	45.6%	46.8%	46.7%	45.6%	38.9%	34.6%	30.6%	33.6%	37.5%	39.7%	42.7%	44.7%	41.6%	47.8%	35.6%	33.1%	46.9%	43.3%	27.7%	40.9%	36.2%	43.5%	44.9%	41.5%	35.7%	37.0%	41.0%	31.7%	36.4%	38.8%	37.4%	42.7%	41.6%	35.3%	40.1%
Operating margin	—	6.1%	9.9%	5.6%	-4.7%	-4.3%	-4.2%	-2.0%	-11.9%	-13.6%	-11.7%	-6.3%	-3.9%	-12.0%	-9.7%	-18.2%	-64.2%	-51.2%	-51.9%	-41.9%	-34.5%	-42.8%	-20.9%	-26.7%	-32.3%	-20.7%	-61.7%	-73.5%	-24.8%	-32.9%	-108.5%	-49.6%	-75.6%	-24.1%	-22.6%	-30.4%	-39.8%	-45.3%	-31.6%	-8.2%	-13.3%	-13.5%	-36.6%	-20.0%	-45.6%	-74.6%	-78.0%
Net margin	—	5.0%	5.8%	4.2%	-4.1%	-3.6%	-3.6%	-4.1%	-14.6%	-21.0%	-11.2%	-6.2%	-11.4%	-5.8%	-11.8%	-22.9%	-81.1%	-57.5%	-50.6%	-42.5%	-33.5%	-38.7%	-16.4%	-17.3%	-30.9%	-21.4%	-34.8%	-67.0%	-21.8%	-33.3%	-104.2%	-57.9%	-97.7%	-23.4%	-21.3%	-28.6%	-46.6%	-47.9%	-31.8%	-10.3%	-22.3%	-14.3%	-71.1%	-20.0%	-45.6%	-105.8%	-116.6%

Returns & leverage

Quarterly · %

ROE -45.2% ROA -31.8% Debt ratio 26.0%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
ROE	—	—	—	—	10.5%	2.9%	-5.8%	-13.4%	-16.6%	-27.8%	-35.1%	-37.5%	-37.3%	-26.8%	-25.7%	-30.5%	-52.2%	-72.7%	-91.3%	-97.5%	-93.8%	-83.8%	-73.8%	-68.7%	-78.4%	-61.2%	-65.4%	-85.5%	-89.4%	-113.9%	-45.0%	-34.9%	-55.8%	-61.2%	-34.3%	-27.7%	-29.1%	-41.2%	-49.3%	-50.8%	-51.0%	-42.4%	-49.6%	-50.8%	-51.6%	-50.3%	-45.2%
ROA	—	—	—	—	7.1%	1.9%	-3.2%	-8.1%	-10.5%	-17.1%	-18.2%	-20.3%	-20.3%	-14.6%	-13.2%	-15.8%	-27.0%	-34.3%	-41.5%	-43.8%	-38.4%	-34.8%	-29.4%	-23.4%	-24.8%	-24.3%	-27.1%	-30.4%	-29.4%	-30.6%	-25.5%	-23.8%	-35.2%	-38.8%	-25.8%	-22.0%	-19.6%	-27.1%	-32.6%	-31.1%	-27.7%	-22.1%	-28.5%	-28.0%	-30.1%	-31.8%	-31.8%
Debt ratio	34.1%	37.3%	46.5%	38.7%	31.4%	31.0%	45.0%	40.0%	42.4%	46.5%	51.6%	52.5%	49.6%	44.4%	44.4%	41.5%	46.2%	61.5%	65.5%	71.9%	74.5%	52.6%	51.0%	57.9%	60.1%	67.4%	67.3%	73.8%	77.0%	83.0%	28.8%	13.4%	20.8%	20.1%	20.9%	27.9%	44.0%	48.1%	48.0%	51.3%	48.4%	47.7%	34.2%	34.6%	31.9%	28.7%	26.0%

EPS

Quarterly · NT$

EPS NT$-0.78

Show table：EPS

Item	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
EPS（NT$）	—	0.90	1.10	0.35	-0.55	-0.50	-0.44	-0.46	-1.23	-1.90	-0.89	-0.46	-0.82	-0.32	-0.69	-1.06	-2.27	-1.43	-1.17	-1.12	-4.90	-1.58	-0.41	-0.49	-0.88	-0.65	-0.63	-0.91	-0.46	-0.65	-0.94	-0.64	-1.11	-0.39	-0.37	-0.51	-0.88	-1.00	-0.66	-0.37	-2.62	-0.53	-1.58	-0.41	-0.67	-1.32	-0.78

Revenue & profit

Year-to-date · In mn (TWD)

Revenue 30.3 mn Net income -33.3 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (TWD)

Total assets 173 mn Total liabilities 45.2 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (TWD)

Operating -18.3 mn Investing 5.22 mn Financing 77.6 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Gross margin 37.2% Operating margin -75.9% Net margin -110.0%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE -45.2% ROA -31.8% Debt ratio 26.0%

EPS

Year-to-date · NT$

EPS NT$-2.10

Revenue & profit

Annual · In mn (TWD)

Revenue 128 mn Net income -43.1 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	878	736	589	328	171	158	110	88.1	164	236	128
Gross profit	446	341	268	149	58.4	66.7	46.6	33.6	67.5	84.5	51.1
Operating income	40.4	-38.2	-53.0	-66.9	-76.8	-48.3	-43.2	-54.1	-48.3	-51.4	-32.7
Pre-tax income	31.5	-42.8	-72.9	-74.9	-77.9	-40.4	-34.9	-61.0	-48.0	-59.3	-43.1
Net income	26.2	-43.3	-73.3	-73.8	-78.9	-40.4	-34.9	-61.0	-49.8	-59.3	-43.1

Balance sheet

Annual · In mn (TWD)

Total assets 118 mn Total liabilities 37.6 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Current assets	213	138	140	98.5	101	57.2	22.2	189	157	95.3	78.8
Total assets	422	401	322	224	187	139	98.8	248	260	168	118
Current liabilities	119	97.8	86.9	43.2	57.2	40.2	32.5	38.7	69.5	53.1	24.9
Total liabilities	132	170	160	103	140	83.7	76.1	51.4	115	81.4	37.6
Equity	289	231	162	120	47.8	55.4	22.7	196	146	86.7	80.2

Cash flow

Annual · In mn (TWD)

Operating 39.0 mn Investing -7.28 mn Financing 23.0 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating	120	-7.12	10.4	-22.4	-37.9	-18.4	-19.4	-17.6	-28.1	-65.7	39.0
Investing	-71.7	-135	-34.6	5.94	-14.7	51.7	-2.64	-3.21	-12.2	-29.0	-7.28
Financing	49.1	45.9	34.9	33.3	-19.2	1.29	-16.6	193	-14.8	-15.6	23.0
Cash at period end	152	55.2	66.0	82.7	10.6	45.4	6.80	179	123	13.2	67.9

Profitability

Annual · %

Gross margin 39.9% Operating margin -25.5% Net margin -33.6%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Gross margin	50.7%	46.4%	45.5%	45.4%	34.1%	42.2%	42.5%	38.2%	41.3%	35.7%	39.9%
Operating margin	4.6%	-5.2%	-9.0%	-20.4%	-44.8%	-30.5%	-39.4%	-61.5%	-29.5%	-21.7%	-25.5%
Net margin	3.0%	-5.9%	-12.5%	-22.5%	-46.0%	-25.6%	-31.8%	-69.3%	-30.4%	-25.1%	-33.6%

Returns & leverage

Annual · %

ROE -51.6% ROA -30.1% Debt ratio 31.9%

Show table：Returns & leverage

Item	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
ROE	9.1%	-16.6%	-37.3%	-52.2%	-93.8%	-78.4%	-89.4%	-55.8%	-29.1%	-51.0%	-51.6%
ROA	6.2%	-10.5%	-20.3%	-27.0%	-38.4%	-24.8%	-29.4%	-35.2%	-19.6%	-27.7%	-30.1%
Debt ratio	31.4%	42.4%	49.6%	46.2%	74.5%	60.1%	77.0%	20.8%	44.0%	48.4%	31.9%

EPS

Annual · NT$

EPS NT$-3.19

Show table：EPS

Item	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
EPS（NT$）	1.80	-2.63	-4.07	-4.34	-8.62	-3.36	-2.65	-3.34	-2.15	-4.65	-3.19

Source: Taiwan MOPS financial statements

Hua Hsuan annual reports

	English	Chinese
2025 (ROC 114)	Chinese only	PDF
2024 (ROC 113)	Chinese only	PDF

2 of the 2 financial years listed above have no English edition. Taiwanese issuers below a certain size are not required to file one; the Chinese PDF is linked instead so the year is not simply missing.

About Hua Hsuan filings

Where can I download Hua Hsuan (2740) annual reports?

Every financial year in the table above links straight to the PDF filed with the Market Observation Post System (MOPS), Taiwan's statutory disclosure platform.

Why are some years Chinese only?

Filing an English annual report is only mandatory for larger Taiwanese issuers; smaller companies and those on the Emerging Stock Board file in Chinese. Where no English edition exists this site links the Chinese PDF rather than leaving the year blank, so you can still reach the document.

What is an investor conference (法人說明會)?

It is the Taiwanese equivalent of an earnings call or analyst briefing. Listed companies present quarterly results and outlook, and file the presentation deck with MOPS — usually in both Chinese and English. Many also publish a webcast recording.

How does Taiwan's reporting calendar work?

Taiwanese issuers file quarterly financial reports plus an annual report, and publish monthly revenue figures — a disclosure cadence that is more frequent than Hong Kong or Singapore. Financial years are numbered using the ROC calendar (ROC 114 = 2025); this site shows both.

Source: Market Observation Post System (MOPS), Taiwan. All PDF links point to the original files; nothing is re-hosted here.
Browse all Taiwan listed companies, or read this page in Chinese — the Chinese edition also carries the letter to shareholders and the revenue breakdown.