Reported Earnings • May 16
First quarter 2026 earnings released: EPS: NT$0.20 (vs NT$0.37 in 1Q 2025) First quarter 2026 results: EPS: NT$0.20 (down from NT$0.37 in 1Q 2025). Revenue: NT$870.1m (down 17% from 1Q 2025). Net income: NT$31.2m (down 47% from 1Q 2025). Profit margin: 3.6% (down from 5.6% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Reported Earnings • Mar 18
Full year 2025 earnings released: EPS: NT$0.20 (vs NT$1.55 in FY 2024) Full year 2025 results: EPS: NT$0.20 (down from NT$1.55 in FY 2024). Revenue: NT$4.03b (up 12% from FY 2024). Net income: NT$31.6m (down 87% from FY 2024). Profit margin: 0.8% (down from 6.8% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings. Announcement • Mar 11
Shieh Yih Machinery Industry Co., Ltd., Annual General Meeting, Jun 11, 2026 Shieh Yih Machinery Industry Co., Ltd., Annual General Meeting, Jun 11, 2026. Location: 11 floor no,332, hsien fu rd., taoyuan district, taoyuan city Taiwan New Risk • Jan 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 298% Cash payout ratio: 95% Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (1.6% net profit margin). Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$27.60, the stock trades at a trailing P/E ratio of 68.6x. Average trailing P/E is 25x in the Machinery industry in Taiwan. Total returns to shareholders of 183% over the past three years. New Risk • Nov 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.08b (US$98.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 285% Cash payout ratio: 95% Minor Risks Profit margins are more than 30% lower than last year (1.6% net profit margin). Market cap is less than US$100m (NT$3.08b market cap, or US$98.7m). Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: NT$0.31 (vs NT$0.33 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.31 (down from NT$0.33 in 3Q 2024). Revenue: NT$1.04b (up 4.3% from 3Q 2024). Net income: NT$49.7m (down 5.6% from 3Q 2024). Profit margin: 4.8% (down from 5.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Oct 07
Now 25% overvalued Over the last 90 days, the stock has fallen 3.7% to NT$23.25. The fair value is estimated to be NT$18.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 25%. Buy Or Sell Opportunity • Sep 08
Now 20% overvalued Over the last 90 days, the stock has fallen 18% to NT$22.95. The fair value is estimated to be NT$19.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 25%. Reported Earnings • Aug 17
Second quarter 2025 earnings released: NT$0.64 loss per share (vs NT$0.088 profit in 2Q 2024) Second quarter 2025 results: NT$0.64 loss per share (down from NT$0.088 profit in 2Q 2024). Revenue: NT$978.6m (up 7.1% from 2Q 2024). Net loss: NT$102.1m (down NT$116.1m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 17
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 286% Cash payout ratio: 418% Dividend yield: 4.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 286% Cash payout ratio: 418% Minor Risk Profit margins are more than 30% lower than last year (1.7% net profit margin). Declared Dividend • Jun 26
Dividend increased to NT$1.20 Dividend of NT$1.20 is 3.0% higher than last year. Ex-date: 9th July 2025 Payment date: 31st July 2025 Dividend yield will be 4.4%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (104% earnings payout ratio). However, it is covered by cash flows (58% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 16% to bring the payout ratio under control, which is less than the 38% EPS growth achieved over the last 5 years. Announcement • Jun 14
Shieh Yih Machinery Industry Co., Ltd. Approves Board Changes Shieh Yih Machinery Industry Co., Ltd. approved board changes, at its 2025 Annual General Shareholders' Meeting held on June 13, 2025. Title and name of the previous position holder: Independent Director: Shu-Chuan Chen, Director: Yuan-Li Tseng. Resume of the previous position holder: Director: Independent Director: Shu-Chuan Chen, Director of IBF Financial Holdings Co., Ltd., Independent Director: Yuan-Li Tseng Consultant of Pou Chen Group. Title and name of the new position holder: Ken-Yi Cheng, Shu-Juan Chen, Independent Director: Tzu-Wu Lo. Resume of the new position holder: Director: Ken-Yi Cheng, Director of Grand Fortune Securities Co., Ltd., Director of Shieh Yih Machinery Industry Co., Ltd., Independent Director: Shu-Juan Chen, Director of IBF Financial Holdings Co., Ltd., Independent Director: Tzu-Wu Lo, Principal Attorney of Wei-Yang Law Firm. Circumstances of change: term expired. Reason for the change: Newly elected by Board of Directors. Effective date of the new appointment is June 13, 2025. Reported Earnings • May 17
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: EPS: NT$0.37 (down from NT$0.77 in 1Q 2024). Revenue: NT$1.05b (up 32% from 1Q 2024). Net income: NT$59.1m (down 52% from 1Q 2024). Profit margin: 5.6% (down from 15% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) missed analyst estimates by 42%. Over the last 3 years on average, earnings per share has increased by 36% per year and the company’s share price has also increased by 36% per year. Announcement • May 06
Shieh Yih Machinery Industry Co., Ltd. to Report Q1, 2025 Results on May 09, 2025 Shieh Yih Machinery Industry Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$28.60, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 21x in the Machinery industry in Taiwan. Total returns to shareholders of 163% over the past three years. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 19
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: NT$1.55 (up from NT$1.34 in FY 2023). Revenue: NT$3.59b (up 2.7% from FY 2023). Net income: NT$245.8m (up 15% from FY 2023). Profit margin: 6.8% (up from 6.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) exceeded analyst estimates by 32%. Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 48% per year. Announcement • Mar 18
Shieh Yih Machinery Industry Co., Ltd., Annual General Meeting, Jun 13, 2025 Shieh Yih Machinery Industry Co., Ltd., Annual General Meeting, Jun 13, 2025, at 09:00 Taipei Standard Time. Location: 11 floor no,332, hsien fu rd., taoyuan city, Taiwan Announcement • Mar 07
Shieh Yih Machinery Industry Co., Ltd. to Report Q4, 2024 Results on Mar 14, 2025 Shieh Yih Machinery Industry Co., Ltd. announced that they will report Q4, 2024 results on Mar 14, 2025 Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$37.80, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 23x in the Machinery industry in Taiwan. Total returns to shareholders of 239% over the past three years. New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: NT$0.33 (vs NT$0.43 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.33 (down from NT$0.43 in 3Q 2023). Revenue: NT$998.4m (up 37% from 3Q 2023). Net income: NT$52.7m (down 23% from 3Q 2023). Profit margin: 5.3% (down from 9.3% in 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Machinery industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 47% per year whereas the company’s share price has increased by 49% per year. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.09 (vs NT$0.84 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.09 (down from NT$0.84 in 2Q 2023). Revenue: NT$913.3m (down 6.6% from 2Q 2023). Net income: NT$13.9m (down 90% from 2Q 2023). Profit margin: 1.5% (down from 14% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 58% per year and the company’s share price has also increased by 58% per year. Announcement • Aug 03
Shieh Yih Machinery Industry Co., Ltd. to Report Q2, 2024 Results on Aug 12, 2024 Shieh Yih Machinery Industry Co., Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024 Upcoming Dividend • Jul 02
Upcoming dividend of NT$1.16 per share Eligible shareholders must have bought the stock before 09 July 2024. Payment date: 31 July 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Taiwanese dividend payers (4.2%). In line with average of industry peers (2.4%). Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$50.90, the stock trades at a trailing P/E ratio of 28.1x. Average trailing P/E is 20x in the Machinery industry in Taiwan. Total returns to shareholders of 377% over the past three years. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.77 (vs NT$0.30 in 1Q 2023) First quarter 2024 results: EPS: NT$0.77 (up from NT$0.30 in 1Q 2023). Revenue: NT$796.1m (down 9.9% from 1Q 2023). Net income: NT$122.1m (up 155% from 1Q 2023). Profit margin: 15% (up from 5.4% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 57% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$42.70, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 21x in the Machinery industry in Taiwan. Total returns to shareholders of 311% over the past three years. Announcement • May 05
Shieh Yih Machinery Industry Co., Ltd. to Report Q1, 2024 Results on May 13, 2024 Shieh Yih Machinery Industry Co., Ltd. announced that they will report Q1, 2024 results on May 13, 2024 Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$38.10, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 22x in the Machinery industry in Taiwan. Total returns to shareholders of 200% over the past three years. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$33.60, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 24x in the Machinery industry in Taiwan. Total returns to shareholders of 171% over the past three years. New Risk • Apr 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (456% cash payout ratio). Share price has been volatile over the past 3 months (6.6% average weekly change). Announcement • Apr 04
Shieh Yih Machinery Industry Co., Ltd. Announces Resignation of Ken-Yi Cheng as Natural-Person Director, Effective April 4, 2024 Shieh Yih Machinery Industry Co., Ltd. announced resignation of Ken-Yi Cheng as natural-person director. The effective date of director’s resignation is April 4, 2024. Resume of the previous position holder: Executive Director, Grand Fortune Securities Co., Ltd. Original term is from May 27, 2022 to May 26, 2025. Reported Earnings • Mar 19
Full year 2023 earnings released: EPS: NT$1.34 (vs NT$0.18 in FY 2022) Full year 2023 results: EPS: NT$1.34 (up from NT$0.18 in FY 2022). Revenue: NT$3.50b (down 1.4% from FY 2022). Net income: NT$212.9m (up NT$184.2m from FY 2022). Profit margin: 6.1% (up from 0.8% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Announcement • Mar 12
Shieh Yih Machinery Industry Co., Ltd., Annual General Meeting, Jun 13, 2024 Shieh Yih Machinery Industry Co., Ltd., Annual General Meeting, Jun 13, 2024. Location: 11F, No.332, Xianfu Rd. Taoyuan Dist. Taoyuan City Taiwan Agenda: to consider 2023 business report; to consider review the 2023 financial reports by Audit Committee; to consider The amount of Endorsements/Guarantees 2023; to consider The employee compensation and the remuneration to the directors of 2023; to consider The cash distribution from earnings report of 2023; to consider Cause for convening the meeting II. Acknowledged matters: 2023 business report and financial statements; 2023 earnings distribution and to consider Amendments to Articles of Incorporation. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$28.80, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 23x in the Machinery industry in Taiwan. Total returns to shareholders of 158% over the past three years. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$30.15, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 19x in the Machinery industry in Taiwan. Total returns to shareholders of 184% over the past three years. New Risk • Dec 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$26.55, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 149% over the past three years. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: NT$0.84 (vs NT$0.15 loss in 2Q 2022) Second quarter 2023 results: EPS: NT$0.84 (up from NT$0.15 loss in 2Q 2022). Revenue: NT$978.3m (up 51% from 2Q 2022). Net income: NT$133.3m (up NT$157.2m from 2Q 2022). Profit margin: 14% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 26
Upcoming dividend of NT$0.32 per share at 0.6% yield Eligible shareholders must have bought the stock before 02 August 2023. Payment date: 28 August 2023. Trailing yield: 0.6%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.1%). New Risk • Jun 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (1.2% net profit margin). Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to NT$16.30, the stock trades at a trailing P/E ratio of 58.5x. Average trailing P/E is 16x in the Machinery industry in Taiwan. Total returns to shareholders of 59% over the past three years. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: NT$0.18 (vs NT$0.36 in FY 2021) Full year 2022 results: EPS: NT$0.18 (down from NT$0.36 in FY 2021). Revenue: NT$3.55b (down 6.5% from FY 2021). Net income: NT$28.7m (down 49% from FY 2021). Profit margin: 0.8% (down from 1.5% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.45 (vs NT$0.13 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.45 (up from NT$0.13 in 3Q 2021). Revenue: NT$1.22b (up 18% from 3Q 2021). Net income: NT$70.8m (up 255% from 3Q 2021). Profit margin: 5.8% (up from 1.9% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 1 highly experienced director. Independent Director Hwe Ching Wong was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.45 (vs NT$0.13 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.45 (up from NT$0.13 in 3Q 2021). Revenue: NT$1.22b (up 18% from 3Q 2021). Net income: NT$70.8m (up 255% from 3Q 2021). Profit margin: 5.8% (up from 1.9% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 15
Second quarter 2022 earnings released: NT$0.15 loss per share (vs NT$0.17 profit in 2Q 2021) Second quarter 2022 results: NT$0.15 loss per share (down from NT$0.17 profit in 2Q 2021). Revenue: NT$647.7m (down 32% from 2Q 2021). Net loss: NT$24.0m (down 190% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Aug 13
Shieh Yih Machinery Industry Co., Ltd. Appoints Shu-Juan Chen as Independent Director and Member of Compensation Committee Shieh Yih Machinery Industry Co., Ltd. announced the members of the 5th term of Compensation Committee by the Board of Directors. The board appointed Shu-Juan Chen as Independent Director and Member of Compensation Committee, Effective date of the new member is August 11, 2022. Upcoming Dividend • Jul 26
Upcoming dividend of NT$0.35 per share Eligible shareholders must have bought the stock before 02 August 2022. Payment date: 24 August 2022. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Taiwanese dividend payers (6.6%). Lower than average of industry peers (3.5%). Reported Earnings • May 17
First quarter 2022 earnings released: EPS: NT$0.21 (vs NT$0.095 loss in 1Q 2021) First quarter 2022 results: EPS: NT$0.21 (up from NT$0.095 loss in 1Q 2021). Revenue: NT$776.1m (up 3.0% from 1Q 2021). Net income: NT$32.5m (up NT$47.6m from 1Q 2021). Profit margin: 4.2% (up from net loss in 1Q 2021). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has remained flat. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Director Hwe Wong was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Mar 10
Shieh Yih Machinery Industry Co., Ltd. Announces Appointment of Wu, Tsui-Hua as Corporate Governance Officer Shieh Yih Machinery Industry Co., Ltd. announced appointment of Wu, Tsui-Hua (Vice President of Finance & Accounting Division) as corporate governance officer. The effective date of appointment is March 7, 2022. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.13 (vs NT$0.027 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.04b (up 47% from 3Q 2020). Net income: NT$20.0m (up NT$24.3m from 3Q 2020). Profit margin: 1.9% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$0.17 (vs NT$0.053 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$951.3m (up 22% from 2Q 2020). Net income: NT$26.5m (up NT$34.9m from 2Q 2020). Profit margin: 2.8% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Aug 10
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 17 August 2021. Payment date: 08 September 2021. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.6%). Reported Earnings • Mar 27
Full year 2020 earnings released: EPS NT$0.10 (vs NT$0.12 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: NT$2.64b (down 21% from FY 2019). Net income: NT$15.7m (down 16% from FY 2019). Profit margin: 0.6% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 05
New 90-day high: NT$12.35 The company is up 8.0% from its price of NT$11.40 on 04 December 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 13% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: NT$11.75 The company is up 6.0% from its price of NT$11.10 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 17% over the same period. Is New 90 Day High Low • Nov 25
New 90-day high: NT$11.65 The company is up 2.0% from its price of NT$11.45 on 27 August 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 4.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: NT$0.03 loss per share The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: NT$709.3m (down 19% from 3Q 2019). Net loss: NT$4.35m (loss narrowed 48% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 12
New 90-day low: NT$10.95 The company is down 5.0% from its price of NT$11.55 on 14 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 3.0% over the same period. Is New 90 Day High Low • Sep 25
New 90-day low: NT$11.10 The company is down 3.0% from its price of NT$11.40 on 24 June 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 4.0% over the same period. 
