Reported Earnings • May 12
First quarter 2026 earnings released: NT$0.75 loss per share (vs NT$0.34 loss in 1Q 2025) First quarter 2026 results: NT$0.75 loss per share (further deteriorated from NT$0.34 loss in 1Q 2025). Revenue: NT$166.4m (down 20% from 1Q 2025). Net loss: NT$40.3m (loss widened 122% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 158 percentage points per year, which is a significant difference in performance. New Risk • May 04
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 9.1% 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 44% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.1% average weekly change). Reported Earnings • Mar 28
Full year 2025 earnings released: NT$1.95 loss per share (vs NT$0.056 loss in FY 2024) Full year 2025 results: NT$1.95 loss per share (further deteriorated from NT$0.056 loss in FY 2024). Revenue: NT$716.2m (down 22% from FY 2024). Net loss: NT$105.5m (loss widened NT$102.8m from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 127 percentage points per year, which is a significant difference in performance. Annonce • Mar 12
Chime Ball Technology Co.,Ltd., Annual General Meeting, Jun 18, 2026 Chime Ball Technology Co.,Ltd., Annual General Meeting, Jun 18, 2026. Location: 1 floor no,33 ln.277, sec.3 ch`ang hsing rd., lujhu district, taoyuan city Taiwan Reported Earnings • Nov 12
Third quarter 2025 earnings released: NT$0.41 loss per share (vs NT$0.28 loss in 3Q 2024) Third quarter 2025 results: NT$0.41 loss per share (further deteriorated from NT$0.28 loss in 3Q 2024). Revenue: NT$110.2m (down 58% from 3Q 2024). Net loss: NT$22.3m (loss widened 66% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 121 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 11
Second quarter 2025 earnings released: NT$1.06 loss per share (vs NT$0.18 loss in 2Q 2024) Second quarter 2025 results: NT$1.06 loss per share (further deteriorated from NT$0.18 loss in 2Q 2024). Revenue: NT$185.4m (down 11% from 2Q 2024). Net loss: NT$57.3m (loss widened NT$48.4m from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. New Risk • Jul 14
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 7.0% 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 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (NT$2.17b market cap, or US$74.0m). Declared Dividend • Jun 18
Dividend reduced to NT$0.50 Dividend of NT$0.50 is 50% lower than last year. Ex-date: 10th July 2025 Payment date: 4th August 2025 Dividend yield will be 1.6%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • May 14
First quarter 2025 earnings released: NT$0.34 loss per share (vs NT$0.36 profit in 1Q 2024) First quarter 2025 results: NT$0.34 loss per share (down from NT$0.36 profit in 1Q 2024). Revenue: NT$208.7m (flat on 1Q 2024). Net loss: NT$18.2m (down 205% from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Annonce • May 06
Chime Ball Technology Co.,Ltd. to Report Q1, 2025 Results on May 12, 2025 Chime Ball Technology Co.,Ltd. announced that they will report Q1, 2025 results on May 12, 2025 Annonce • Mar 12
Chime Ball Technology Co.,Ltd., Annual General Meeting, Jun 10, 2025 Chime Ball Technology Co.,Ltd., Annual General Meeting, Jun 10, 2025. Location: 1 floor no,33 ln.277, sec.3 ch`ang hsing rd., lujhu district, taoyuan city Taiwan Reported Earnings • Nov 19
Third quarter 2024 earnings released: NT$0.28 loss per share (vs NT$0.53 profit in 3Q 2023) Third quarter 2024 results: NT$0.28 loss per share (down from NT$0.53 profit in 3Q 2023). Revenue: NT$261.6m (down 23% from 3Q 2023). Net loss: NT$13.4m (down 153% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Annonce • Nov 02
Chime Ball Technology Co.,Ltd. to Report Q3, 2024 Results on Nov 12, 2024 Chime Ball Technology Co.,Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024 Reported Earnings • Aug 17
Second quarter 2024 earnings released: NT$0.19 loss per share (vs NT$0.71 profit in 2Q 2023) Second quarter 2024 results: NT$0.19 loss per share (down from NT$0.71 profit in 2Q 2023). Revenue: NT$208.4m (down 58% from 2Q 2023). Net loss: NT$8.88m (down 126% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Annonce • Aug 06
Chime Ball Technology Co.,Ltd. to Report Q2, 2024 Results on Aug 13, 2024 Chime Ball Technology Co.,Ltd. announced that they will report Q2, 2024 results on Aug 13, 2024 Declared Dividend • Jun 27
Dividend of NT$1.00 announced Shareholders will receive a dividend of NT$1.00. Ex-date: 9th July 2024 Payment date: 2nd August 2024 Dividend yield will be 2.7%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (88% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. 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 decline by 1.7% to shift the payout ratio to a potentially unsustainable range, which is less than the 23% EPS decline seen over the last 5 years. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.36 (vs NT$0.27 in 1Q 2023) First quarter 2024 results: EPS: NT$0.36 (up from NT$0.27 in 1Q 2023). Revenue: NT$207.1m (down 35% from 1Q 2023). Net income: NT$17.2m (up 36% from 1Q 2023). Profit margin: 8.3% (up from 4.0% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Annonce • May 08
Chime Ball Technology Co.,Ltd. to Report Q1, 2024 Results on May 14, 2024 Chime Ball Technology Co.,Ltd. announced that they will report Q1, 2024 results on May 14, 2024 Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: NT$1.04 (vs NT$4.85 in FY 2022) Full year 2023 results: EPS: NT$1.04 (down from NT$4.85 in FY 2022). Revenue: NT$1.41b (down 22% from FY 2022). Net income: NT$49.2m (down 78% from FY 2022). Profit margin: 3.5% (down from 13% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Annonce • Mar 16
Chime Ball Technology Co.,Ltd., Annual General Meeting, Jun 18, 2024 Chime Ball Technology Co.,Ltd., Annual General Meeting, Jun 18, 2024. Location: No.33, Lane. 277, Sec. 3, Changxing Rd., Luzhu Dist Tao Yuan City Taiwan Agenda: To consider 2023 Business Report; to consider 2023 Audit-Committee Audit Report; to report on 2023 Employees' and Directors' Remuneration; to consider 2023 Earning Distribution; to consider acknowledgment of the 2023 Business Report and Financial Report; to consider amendment to the Company's Procedures for Acquiring or Disposing of Assets; to consider amendment to the Company's Rules of Procedure for Shareholders' Meeting; and to transact other business. New Risk • Nov 22
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.3% Last year net profit margin: 14% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 148% Paying a dividend despite having no free cash flows. Earnings have declined by 0.3% per year over the past 5 years. High level of non-cash earnings (22% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (4.3% net profit margin). Market cap is less than US$100m (NT$1.81b market cap, or US$57.8m). Annonce • Nov 09
Chime Ball Technology Co.,Ltd. Announces Change of Financial/Accounting Officer Chime Ball Technology Co.,Ltd. announced Change of Financial/Accounting Officer. Name, title, and resume of the previous position holder: Ying-Xiu Wang/financial and accounting assistant manager. Name, title, and resume of the new position holder: Wei-Chun Lin/financial and accounting manager/BHT's director of management department for 16 years. Effective date is November 8, 2023. New Risk • Aug 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 33% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 2.9% per year over the past 5 years. High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (NT$1.90b market cap, or US$59.6m). Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: NT$0.71 (vs NT$1.51 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.71 (down from NT$1.51 in 2Q 2022). Revenue: NT$492.6m (down 6.4% from 2Q 2022). Net income: NT$33.5m (down 53% from 2Q 2022). Profit margin: 6.8% (down from 14% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 28
Upcoming dividend of NT$2.03 per share at 5.0% yield Eligible shareholders must have bought the stock before 05 July 2023. Payment date: 01 August 2023. Payout ratio is a comfortable 56% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.2%). Reported Earnings • Mar 27
Full year 2022 earnings released: EPS: NT$4.85 (vs NT$3.93 in FY 2021) Full year 2022 results: EPS: NT$4.85 (up from NT$3.93 in FY 2021). Revenue: NT$1.80b (down 26% from FY 2021). Net income: NT$227.6m (up 23% from FY 2021). Profit margin: 13% (up from 7.6% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: NT$1.98 (vs NT$1.57 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.98 (up from NT$1.57 in 3Q 2021). Revenue: NT$392.6m (down 44% from 3Q 2021). Net income: NT$93.1m (up 27% from 3Q 2021). Profit margin: 24% (up from 11% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: NT$1.51 (vs NT$0.73 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.51 (up from NT$0.73 in 2Q 2021). Revenue: NT$526.1m (down 9.6% from 2Q 2021). Net income: NT$70.8m (up 107% from 2Q 2021). Profit margin: 14% (up from 5.9% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Jun 27
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 04 July 2022. Payment date: 29 July 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 5.1%. Lower than top quartile of Taiwanese dividend payers (6.3%). Higher than average of industry peers (3.6%). Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$1.49 (vs NT$0.42 in 1Q 2021) First quarter 2022 results: EPS: NT$1.49 (up from NT$0.42 in 1Q 2021). Revenue: NT$500.0m (up 5.8% from 1Q 2021). Net income: NT$70.0m (up 253% from 1Q 2021). Profit margin: 14% (up from 4.2% in 1Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 3% per year. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: NT$3.93 (vs NT$0.18 in FY 2020) Full year 2021 results: EPS: NT$3.93 (up from NT$0.18 in FY 2020). Revenue: NT$2.42b (up 43% from FY 2020). Net income: NT$184.5m (up NT$175.8m from FY 2020). Profit margin: 7.6% (up from 0.5% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 09
Third quarter 2021 earnings released: EPS NT$1.57 (vs NT$0.10 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$696.3m (up 85% from 3Q 2020). Net income: NT$73.5m (up NT$68.6m from 3Q 2020). Profit margin: 11% (up from 1.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 17% share price gain to NT$42.40, the stock trades at a trailing P/E ratio of 48.4x. Average trailing P/E is 21x in the Semiconductor industry in Taiwan. Total loss to shareholders of 6.3% over the past three years. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$0.73 (vs NT$0.35 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$581.9m (up 13% from 2Q 2020). Net income: NT$34.1m (up 107% from 2Q 2020). Profit margin: 5.9% (up from 3.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jul 16
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 23 July 2021. Payment date: 24 August 2021. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (2.1%). Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$0.42 (vs NT$0.11 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$472.6m (up 44% from 1Q 2020). Net income: NT$19.8m (up 292% from 1Q 2020). Profit margin: 4.2% (up from 1.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS NT$0.18 (vs NT$2.06 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.69b (down 2.2% from FY 2019). Net income: NT$8.67m (down 91% from FY 2019). Profit margin: 0.5% (down from 5.6% in FY 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Annonce • Mar 16
Chime Ball Technology Co.,Ltd., Annual General Meeting, Jun 04, 2021 Chime Ball Technology Co.,Ltd., Annual General Meeting, Jun 04, 2021. Is New 90 Day High Low • Dec 21
New 90-day high: NT$32.60 The company is up 3.0% from its price of NT$31.60 on 23 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 19% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.10 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$377.2m (down 24% from 3Q 2019). Net income: NT$4.82m (up 21% from 3Q 2019). Profit margin: 1.3% (up from 0.8% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 30
New 90-day low: NT$30.00 The company is down 13% from its price of NT$34.50 on 31 July 2020. The Taiwanese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 2.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: NT$30.65 The company is down 14% from its price of NT$35.80 on 24 June 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 26% over the same period. 
