Declared Dividend • Aug 13
Dividend increased to NT$0.37 Dividend of NT$0.37 is 0.6% higher than last year. Ex-date: 27th August 2026 Payment date: 22nd September 2026 Dividend yield will be 1.6%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (84% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 29% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 12
Second quarter 2026 earnings released: EPS: NT$0.11 (vs NT$0.081 in 2Q 2025) Second quarter 2026 results: EPS: NT$0.11 (up from NT$0.081 in 2Q 2025). Revenue: NT$32.7m (down 1.9% from 2Q 2025). Net income: NT$8.31m (up 40% from 2Q 2025). Profit margin: 25% (up from 18% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • May 12
First quarter 2026 earnings released: EPS: NT$0.10 (vs NT$0.077 in 1Q 2025) First quarter 2026 results: EPS: NT$0.10 (up from NT$0.077 in 1Q 2025). Revenue: NT$33.9m (up 9.8% from 1Q 2025). Net income: NT$7.68m (up 36% from 1Q 2025). Profit margin: 23% (up from 18% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. New Risk • Apr 16
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 97% Dividend yield: 1.6% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings 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. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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: Minor Risks Dividend is not well covered by earnings (97% payout ratio). Revenue is less than US$5m (NT$131m revenue, or US$4.1m). Market cap is less than US$100m (NT$1.73b market cap, or US$55.0m). Ankündigung • Mar 11
Shin Shin Co Ltd., Annual General Meeting, Jun 25, 2026 Shin Shin Co Ltd., Annual General Meeting, Jun 25, 2026, at 09:00 Taipei Standard Time. Location: 4 floor no,247, lin sen n. rd., taipei city Taiwan Reported Earnings • Mar 11
Full year 2025 earnings released: EPS: NT$0.38 (vs NT$0.41 in FY 2024) Full year 2025 results: EPS: NT$0.38 (down from NT$0.41 in FY 2024). Revenue: NT$130.7m (down 2.2% from FY 2024). Net income: NT$27.7m (down 7.2% from FY 2024). Profit margin: 21% (down from 22% in FY 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: NT$0.09 (vs NT$0.11 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.09 (down from NT$0.11 in 3Q 2024). Revenue: NT$32.8m (down 3.0% from 3Q 2024). Net income: NT$6.72m (down 15% from 3Q 2024). Profit margin: 21% (down from 24% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 10
Dividend increased to NT$0.37 Dividend of NT$0.37 is 2.9% higher than last year. Ex-date: 26th August 2025 Payment date: 22nd September 2025 Dividend yield will be 1.4%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio) nor is it adequately covered by cash flows (98% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control. However, EPS has declined by 2.9% over the last 5 years so the company would need to reverse this trend. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$0.08 (vs NT$0.12 in 1Q 2024) First quarter 2025 results: EPS: NT$0.08 (down from NT$0.12 in 1Q 2024). Revenue: NT$30.9m (down 10.0% from 1Q 2024). Net income: NT$5.64m (down 36% from 1Q 2024). Profit margin: 18% (down from 26% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Ankündigung • May 03
Shin Shin Co Ltd. to Report Q1, 2025 Results on May 12, 2025 Shin Shin Co Ltd. announced that they will report Q1, 2025 results on May 12, 2025 Reported Earnings • Mar 18
Full year 2024 earnings released: EPS: NT$0.41 (vs NT$0.41 in FY 2023) Full year 2024 results: EPS: NT$0.41 (up from NT$0.41 in FY 2023). Revenue: NT$133.6m (flat on FY 2023). Net income: NT$29.9m (flat on FY 2023). Profit margin: 22% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Ankündigung • Mar 13
Shin Shin Co Ltd., Annual General Meeting, Jun 25, 2025 Shin Shin Co Ltd., Annual General Meeting, Jun 25, 2025. Location: 4 floor no,247, lin sen n. rd., taipei city Taiwan Ankündigung • Feb 22
Shin Shin Co Ltd. Announces Board Changes Shin Shin Co Ltd. announced board changes. Name of the previous position holder: CHEN,GUO SHENG. Resume of the previous position holder: chairman of Danan Bus Company Ltd. Name of the new position holder: SUN, LIAN-SHENG. Resume of the new position holder: Air force deputy commander. Effective date of the new appointment: February 20, 2025. Date of occurrence of the change: February 21, 2025. Upcoming Dividend • Aug 28
Upcoming dividend of NT$0.36 per share Eligible shareholders must have bought the stock before 04 September 2024. Payment date: 25 September 2024. Payout ratio is on the higher end at 81%, however this is supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (4.1%). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.09 (vs NT$0.10 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.09 (down from NT$0.10 in 2Q 2023). Revenue: NT$32.6m (flat on 2Q 2023). Net income: NT$6.79m (down 7.4% from 2Q 2023). Profit margin: 21% (down from 22% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 14
Dividend increased to NT$0.36 Dividend of NT$0.36 is 71% higher than last year. Ex-date: 4th September 2024 Payment date: 25th September 2024 Dividend yield will be 1.3%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Ankündigung • Aug 06
Shin Shin Co Ltd. to Report Q2, 2024 Results on Aug 12, 2024 Shin Shin Co Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024 Reported Earnings • May 12
First quarter 2024 earnings released: EPS: NT$0.12 (vs NT$0.073 in 1Q 2023) First quarter 2024 results: EPS: NT$0.12 (up from NT$0.073 in 1Q 2023). Revenue: NT$34.3m (up 12% from 1Q 2023). Net income: NT$8.81m (up 64% from 1Q 2023). Profit margin: 26% (up from 18% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Ankündigung • May 02
Shin Shin Co Ltd. to Report Q1, 2024 Results on May 08, 2024 Shin Shin Co Ltd. announced that they will report Q1, 2024 results on May 08, 2024 Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: NT$0.41 (vs NT$0.23 in FY 2022) Full year 2023 results: EPS: NT$0.41 (up from NT$0.23 in FY 2022). Revenue: NT$133.3m (up 18% from FY 2022). Net income: NT$29.6m (up 77% from FY 2022). Profit margin: 22% (up from 15% in FY 2022). 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 fallen by 1% per year, which means it is significantly lagging earnings. Ankündigung • Mar 08
Shin Shin Co Ltd., Annual General Meeting, Jun 26, 2024 Shin Shin Co Ltd., Annual General Meeting, Jun 26, 2024. Location: 4F., No. 247, Linsen N. Rd., Zhongshan Dist., Taipei City Taiwan Agenda: To consider 2023 Business Report; to consider 2023 Audit Committee's Review Report; to consider Report on Employees' Bonuses and Directors' Remuneration in 2023; to consider Other reports; to consider Acknowledgment of the 2023 Business Report and Financial Statements; to consider Acknowledgment of the 2023 Earnings Distribution; and to consider other matters. Ankündigung • Oct 18
Shin Shin Co Ltd. Announces Executive Changes Shin Shin Co Ltd. announced the change for company's director representative. Name of the previous position holder: Zheng Yiwen; Resume of the previous position holder: Director of the Accounting Office; Name of the new position holder: Huang Xunjia; Resume of the new position holder: Special committee member of accounting department; Reason for the change: Received the official document from Veterans Affairs Council; Effective date of the new appointment is October 17, 2023. Upcoming Dividend • Aug 29
Upcoming dividend of NT$0.21 per share at 0.8% yield Eligible shareholders must have bought the stock before 05 September 2023. Payment date: 28 September 2023. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Taiwanese dividend payers (5.7%). Lower than average of industry peers (3.5%). Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: NT$0.10 (vs NT$0.051 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.10 (up from NT$0.051 in 2Q 2022). Revenue: NT$32.8m (up 14% from 2Q 2022). Net income: NT$7.33m (up 96% from 2Q 2022). Profit margin: 22% (up from 13% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Ankündigung • Aug 11
Shin Shin Co Ltd. Announces Cash Dividend, Payable on September 28, 2023 Shin Shin Co Ltd. announced cash dividend of TWD 15,435,815 (TWD 0.21132422 per common share). Ex-rights (ex-dividend) trading date: September 5, 2023. Ex-rights (ex-dividend) record date: September 11, 2023. Payment date of cash dividend distribution: September 28, 2023. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: August 10, 2023. Ankündigung • Jul 26
Shin Shin Co Ltd. Announces Board Changes Shin Shin Co Ltd. announced the changes of corporate director representative. Name of the previous position holder: Li-yu Chang, section chief of the Veterans Affairs Council. Name of the new position holder: Cheng Yi Wen, director of the Veterans Affairs Council. Effective date of the new appointment is July 25, 2023. New Risk • Jun 23
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 5.9% 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 Earnings have declined by 26% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Revenue is less than US$5m (NT$113m revenue, or US$3.7m). Market cap is less than US$100m (NT$2.04b market cap, or US$65.8m). Reported Earnings • Mar 19
Full year 2022 earnings released: EPS: NT$0.23 (vs NT$0.067 in FY 2021) Full year 2022 results: EPS: NT$0.23 (up from NT$0.067 in FY 2021). Revenue: NT$113.3m (up 22% from FY 2021). Net income: NT$16.7m (up 243% from FY 2021). Profit margin: 15% (up from 5.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.07 (vs NT$0.023 loss in 3Q 2021) Third quarter 2022 results: EPS: NT$0.07 (up from NT$0.023 loss in 3Q 2021). Revenue: NT$25.2m (up 33% from 3Q 2021). Net income: NT$4.76m (up NT$6.43m from 3Q 2021). Profit margin: 19% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Aug 16
Upcoming dividend of NT$0.065 per share Eligible shareholders must have bought the stock before 23 August 2022. Payment date: 13 September 2022. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Taiwanese dividend payers (6.5%). Lower than average of industry peers (2.5%). Reported Earnings • Aug 07
Second quarter 2022 earnings released: EPS: NT$0.05 (vs NT$0.048 loss in 2Q 2021) Second quarter 2022 results: EPS: NT$0.05 (up from NT$0.048 loss in 2Q 2021). Revenue: NT$28.7m (up 62% from 2Q 2021). Net income: NT$3.74m (up NT$7.23m from 2Q 2021). Profit margin: 13% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • May 11
First quarter 2022 earnings released: EPS: NT$0.08 (vs NT$0.058 in 1Q 2021) First quarter 2022 results: EPS: NT$0.08 (up from NT$0.058 in 1Q 2021). Revenue: NT$30.8m (up 21% from 1Q 2021). Net income: NT$5.55m (up 30% from 1Q 2021). Profit margin: 18% (up from 17% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Nov 15
Third quarter 2021 earnings released: NT$0.02 loss per share (vs NT$0.064 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: NT$18.9m (down 30% from 3Q 2020). Net loss: NT$1.67m (down 136% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Oct 19
Upcoming dividend of NT$0.18 per share Eligible shareholders must have bought the stock before 26 October 2021. Payment date: 15 November 2021. Trailing yield: 0.7%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (3.0%). Reported Earnings • Aug 12
Second quarter 2021 earnings released: NT$0.05 loss per share (vs NT$0.014 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: NT$17.8m (down 28% from 2Q 2020). Net loss: NT$3.48m (down 434% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • May 11
First quarter 2021 earnings released: EPS NT$0.06 (vs NT$0.066 in 1Q 2020) The company reported a poor first quarter result with weaker earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: NT$25.4m (down 10% from 1Q 2020). Net income: NT$4.27m (down 12% from 1Q 2020). Profit margin: 17% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 16
New 90-day high: NT$26.40 The company is up 7.0% from a price of NT$24.65 on 16 December 2020. Underperformed the Taiwanese market, which is up 15% over the last 90 days. Exceeded the Consumer Retailing industry, which is up 3.0% over the same period. Reported Earnings • Mar 16
Full year 2020 earnings released: EPS NT$0.19 (vs NT$0.45 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$109.0m (down 21% from FY 2019). Net income: NT$14.1m (down 57% from FY 2019). Profit margin: 13% (down from 24% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% 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 • Jan 29
New 90-day low: NT$23.35 The company is down 1.0% from its price of NT$23.50 on 30 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 4.0% over the same period. Is New 90 Day High Low • Nov 19
New 90-day high: NT$24.45 The company is up 2.0% from its price of NT$23.90 on 21 August 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Retailing industry, which is flat over the same period. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS NT$0.06 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$27.0m (down 16% from 3Q 2019). Net income: NT$4.65m (down 35% from 3Q 2019). Profit margin: 17% (down from 22% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 3% per year. 
