New Risk • Apr 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.15b (US$99.9m) 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: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (NT$3.15b market cap, or US$99.9m). Reported Earnings • Mar 14
Full year 2025 earnings released: NT$1.60 loss per share (vs NT$3.83 profit in FY 2024) Full year 2025 results: NT$1.60 loss per share (down from NT$3.83 profit in FY 2024). Revenue: NT$403.7m (down 9.4% from FY 2024). Net loss: NT$136.4m (down 146% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 46% per year whereas the company’s share price has increased by 47% per year. Bekanntmachung • Mar 11
Jiin Ming Industry Co., Ltd., Annual General Meeting, Jun 26, 2026 Jiin Ming Industry Co., Ltd., Annual General Meeting, Jun 26, 2026. Location: no,896, ching kuo rd., lujhu district, taoyuan city Taiwan New Risk • Feb 05
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 7.4% 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 Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (NT$2.90b market cap, or US$91.4m). New Risk • Jan 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.14b (US$99.7m) 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. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 11
Third quarter 2025 earnings released: NT$0.44 loss per share (vs NT$0.46 loss in 3Q 2024) Third quarter 2025 results: NT$0.44 loss per share. Revenue: NT$95.2m (down 18% from 3Q 2024). Net loss: NT$37.2m (loss widened 2.1% from 3Q 2024). Bekanntmachung • Aug 16
Jiin Ming Industrial to Debut Mission-Ready Modular UAV Platforms at TADTE 2025 Jiin Ming Industrial will make its debut at the 2025 Taipei Aerospace & Defense Technology Exhibition (TADTE), presenting under the theme "Built for Missions. Ready to Adapt." The company will showcase its latest unmanned aerial platforms and modular integration solutions at the Taiwan Defense Industry Development Association Pavilion (Booth No. J0418). Jiin Ming specializes in UAV systems for defense and tactical missions, developing its own flight control, video transmission, and communication technologies. Its platforms feature a highly modular architecture, enabling rapid payload reconfiguration for intelligence, surveillance and reconnaissance (ISR), communications relay, and command-and-control applications. All systems are built on a secure, non-PRC supply chain, ensuring operational stability and data protection for sensitive deployments. Featured UAV Platforms: VIPER - Multirotor UAV: Tactical surveillance and reconnaissance, modular payloads, cruising speed 60 km/h, flight time 15 minutes. SABER - Fixed-Wing UAV: High-speed FPV UAV, top speed 300 km/h, endurance 20 minutes, designed for rapid tactical response. Demonstrating its global integration capabilities, Jiin Ming will also present UAV platforms from Poland, highlighting the company's international partnerships in advanced aerial systems. Upcoming Dividend • Aug 01
Inaugural dividend of NT$0.35 per share Eligible shareholders must have bought the stock before 08 August 2025. Payment date: 05 September 2025. This is the first dividend for Jiin Ming Industry since going public. The average dividend yield among industry peers is 2.8%. New Risk • Jul 28
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 High level of non-cash earnings (92% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to NT$39.30, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 19x in the Electronic industry in Taiwan. Total returns to shareholders of 127% over the past three years. New Risk • May 29
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$2.96b (US$99.2m) 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 High level of non-cash earnings (93% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (NT$2.96b market cap, or US$99.2m). Reported Earnings • May 14
First quarter 2025 earnings released: NT$0.15 loss per share (vs NT$0.26 loss in 1Q 2024) First quarter 2025 results: NT$0.15 loss per share (improved from NT$0.26 loss in 1Q 2024). Revenue: NT$118.3m (up 13% from 1Q 2024). Net loss: NT$13.2m (loss narrowed 28% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Bekanntmachung • May 01
Jiin Ming Industry Co., Ltd. to Report Q1, 2025 Results on May 08, 2025 Jiin Ming Industry Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025 New Risk • Apr 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.20b (US$97.2m) 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 High level of non-cash earnings (40% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (NT$3.20b market cap, or US$97.2m). Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$58.80, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 21x in the Electronic industry in Taiwan. Total returns to shareholders of 237% over the past three years. Bekanntmachung • Mar 01
Jiin Ming Industry Co., Ltd. to Report Q4, 2024 Results on Mar 10, 2025 Jiin Ming Industry Co., Ltd. announced that they will report Q4, 2024 results on Mar 10, 2025 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$63.00, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 235% over the past three years. Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$60.60, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 204% over the past three years. Reported Earnings • Nov 19
Third quarter 2024 earnings released: NT$0.46 loss per share (vs NT$0.88 loss in 3Q 2023) Third quarter 2024 results: NT$0.46 loss per share (improved from NT$0.88 loss in 3Q 2023). Revenue: NT$115.8m (down 45% from 3Q 2023). Net loss: NT$36.5m (loss narrowed 42% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$55.40, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 175% over the past three years. New Risk • Oct 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). High level of non-cash earnings (38% accrual ratio). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$61.70, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 223% over the past three years. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$54.30, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 146% over the past three years. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$42.60, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 22x in the Electronic industry in Taiwan. Total returns to shareholders of 103% over the past three years. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to NT$40.20, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 23x in the Electronic industry in Taiwan. Total returns to shareholders of 135% over the past three years. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$4.88 (vs NT$0.65 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$4.88 (up from NT$0.65 loss in 2Q 2023). Revenue: NT$117.9m (down 50% from 2Q 2023). Net income: NT$346.7m (up NT$392.8m from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Bekanntmachung • Aug 10
Jiin Ming Industry Co., Ltd. announced that it expects to receive TWD 216.25 million in funding from Universal Textile Co., Ltd. Jiin Ming Industry Co., Ltd. announced a private placement to issue 12,500,000 shares at an issue price of TWD 17.30 per share for the gross proceeds of TWD 216,250,000 on August 9, 2024. The transaction has been approved by shareholders of investors of company. Bekanntmachung • Jul 31
Jiin Ming Industry Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024 Jiin Ming Industry Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024 New Risk • Jun 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.1% average weekly change). Earnings have declined by 4.2% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Market cap is less than US$100m (NT$1.08b market cap, or US$33.1m). Bekanntmachung • Mar 15
Jiin Ming Industry Co., Ltd. Approves he Appointment of Ho Szuyi as Internal Audit Officer Jiin Ming Industry Co., Ltd. announced appointment of Ho Szuyi as internal audit officer. Effective March 14, 2024. Reported Earnings • Nov 15
Third quarter 2023 earnings released: NT$0.88 loss per share (vs NT$0.47 loss in 3Q 2022) Third quarter 2023 results: NT$0.88 loss per share (further deteriorated from NT$0.47 loss in 3Q 2022). Revenue: NT$211.4m (down 8.5% from 3Q 2022). Net loss: NT$62.4m (loss widened 89% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 12
Second quarter 2023 earnings released: NT$0.65 loss per share (vs NT$0.23 loss in 2Q 2022) Second quarter 2023 results: NT$0.65 loss per share (further deteriorated from NT$0.23 loss in 2Q 2022). Revenue: NT$233.2m (down 9.3% from 2Q 2022). Net loss: NT$46.1m (loss widened 182% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 01
Full year 2022 earnings released: NT$1.85 loss per share (vs NT$0.51 loss in FY 2021) Full year 2022 results: NT$1.85 loss per share (further deteriorated from NT$0.51 loss in FY 2021). Revenue: NT$973.3m (down 31% from FY 2021). Net loss: NT$131.7m (loss widened 309% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 16
Second quarter 2022 earnings released: NT$0.23 loss per share (vs NT$0.23 profit in 2Q 2021) Second quarter 2022 results: NT$0.23 loss per share (down from NT$0.23 profit in 2Q 2021). Revenue: NT$257.0m (down 34% from 2Q 2021). Net loss: NT$16.4m (down 220% from profit in 2Q 2021). 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 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
First quarter 2022 earnings released: NT$0.39 loss per share (vs NT$0.042 loss in 1Q 2021) First quarter 2022 results: NT$0.39 loss per share (down from NT$0.042 loss in 1Q 2021). Revenue: NT$288.4m (down 14% from 1Q 2021). Net loss: NT$27.5m (loss widened NT$25.0m from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 28
Full year 2021 earnings released: NT$0.51 loss per share (vs NT$0.21 profit in FY 2020) Full year 2021 results: NT$0.51 loss per share (down from NT$0.21 profit in FY 2020). Revenue: NT$1.40b (up 15% from FY 2020). Net loss: NT$32.2m (down 362% from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 13
Third quarter 2021 earnings released: NT$0.04 loss per share (vs NT$0.007 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: NT$359.6m (up 4.9% from 3Q 2020). Net loss: NT$2.53m (down NT$2.96m from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improved over the past week After last week's 18% share price gain to NT$22.40, the stock trades at a trailing P/E ratio of 75.8x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 102% over the past three years. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improved over the past week After last week's 22% share price gain to NT$20.70, the stock trades at a trailing P/E ratio of 70.1x. Average trailing P/E is 16x in the Electronic industry in Taiwan. Total returns to shareholders of 87% over the past three years. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS NT$0.23 (vs NT$0.18 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$389.2m (up 19% from 2Q 2020). Net income: NT$13.6m (up 30% from 2Q 2020). Profit margin: 3.5% (up from 3.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorated over the past week After last week's 20% share price decline to NT$13.85, the stock trades at a trailing P/E ratio of 58.3x. Average trailing P/E is 15x in the Electronic industry in Taiwan. Total returns to shareholders of 15% over the past three years. Reported Earnings • May 14
First quarter 2021 earnings released: NT$0.04 loss per share (vs NT$0.077 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: NT$337.4m (up 61% from 1Q 2020). Net loss: NT$2.47m (loss narrowed 45% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS NT$0.21 (vs NT$1.14 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.22b (up 24% from FY 2019). Net income: NT$12.3m (up NT$79.7m from FY 2019). Profit margin: 1.0% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. 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 8% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 15
New 90-day high: NT$7.81 The company is up 18% from a price of NT$6.60 on 15 December 2020. Outperformed the Taiwanese market which is up 14% over the last 90 days. Exceeded the Electronic industry, which is up 17% over the same period. Is New 90 Day High Low • Mar 04
New 90-day high: NT$7.00 The company is up 4.0% from its price of NT$6.70 on 04 December 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 20% over the same period. Is New 90 Day High Low • Jan 15
New 90-day low: NT$6.50 The company is down 6.0% from its price of NT$6.90 on 16 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 29% over the same period. Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS NT$0.004 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$342.6m (up 16% from 3Q 2019). Net income: NT$434.0k (down 97% from 3Q 2019). Profit margin: 0.1% (down from 4.5% in 3Q 2019). The decrease in margin was driven by higher expenses. 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. 
