Reported Earnings • May 12
First quarter 2026 earnings released: NT$0.05 loss per share (vs NT$0.22 loss in 1Q 2025) First quarter 2026 results: NT$0.05 loss per share (improved from NT$0.22 loss in 1Q 2025). Revenue: NT$1.27b (down 32% from 1Q 2025). Net loss: NT$26.8m (loss narrowed 77% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 7% per year. Annuncio • Mar 16
Zig Sheng Industrial Co., Ltd., Annual General Meeting, Jun 15, 2026 Zig Sheng Industrial Co., Ltd., Annual General Meeting, Jun 15, 2026, at 09:00 Taipei Standard Time. Location: no,307, an huo st., guanyin district, taoyuan city Taiwan Reported Earnings • Mar 14
Full year 2025 earnings released: NT$0.99 loss per share (vs NT$0.01 profit in FY 2024) Full year 2025 results: NT$0.99 loss per share (down from NT$0.01 profit in FY 2024). Revenue: NT$6.20b (down 34% from FY 2024). Net loss: NT$524.5m (down NT$529.7m from profit in FY 2024). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 10
Third quarter 2025 earnings released: NT$0.05 loss per share (vs NT$0.11 loss in 3Q 2024) Third quarter 2025 results: NT$0.05 loss per share (improved from NT$0.11 loss in 3Q 2024). Revenue: NT$1.40b (down 41% from 3Q 2024). Net loss: NT$29.2m (loss narrowed 51% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 06
Second quarter 2025 earnings released: NT$0.38 loss per share (vs NT$0.12 profit in 2Q 2024) Second quarter 2025 results: NT$0.38 loss per share (down from NT$0.12 profit in 2Q 2024). Revenue: NT$1.73b (down 36% from 2Q 2024). Net loss: NT$204.1m (down 430% from profit in 2Q 2024). 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 4% per year, which means it is significantly lagging earnings. Annuncio • Jun 11
Zig Sheng Industrial Co., Ltd. Announces Election of Yeh, Pi-Lu as Natural-Person Director, Effective June 10, 2025 Zig Sheng Industrial Co., Ltd. Announced Election of director at the 2025 general shareholder meeting. Natural-Person Director -Yeh, Pi-Lu as Director, Effective date of the new appointment: June 10, 2025. Resume of the new position holder: Natural-Person Director - Yeh, Pi-Lu - Vice President of Fiber Business Division of the Company. New Risk • May 13
New major risk - Revenue and earnings growth Earnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • May 13
First quarter 2025 earnings released: NT$0.22 loss per share (vs NT$0.14 profit in 1Q 2024) First quarter 2025 results: NT$0.22 loss per share (down from NT$0.14 profit in 1Q 2024). Revenue: NT$1.86b (down 17% from 1Q 2024). Net loss: NT$117.8m (down 260% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Annuncio • Apr 25
Zig Sheng Industrial Co., Ltd. to Report Q1, 2025 Results on May 09, 2025 Zig Sheng Industrial Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025 Annuncio • Apr 22
Zig Sheng Industrial Co., Ltd. Announces Demise of Yeh, Sou-Tsun, Chairperson Zig Sheng Industrial Co., Ltd. announced demise of Yeh, Sou-Tsun, Chairperson. Date of the board of directors resolution or date of occurrence of the change: April 21, 2025. New Risk • Mar 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 1,306% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Annuncio • Mar 11
Zig Sheng Industrial Co., Ltd., Annual General Meeting, Jun 10, 2025 Zig Sheng Industrial Co., Ltd., Annual General Meeting, Jun 10, 2025, at 09:00 Taipei Standard Time. Location: no,307, an huo st., guanyin district, taoyuan city Taiwan Reported Earnings • Mar 11
Full year 2024 earnings released: EPS: NT$0.01 (vs NT$0.45 loss in FY 2023) Full year 2024 results: EPS: NT$0.01 (up from NT$0.45 loss in FY 2023). Revenue: NT$9.43b (up 22% from FY 2023). Net income: NT$5.25m (up NT$245.4m from FY 2023). Profit margin: 0.1% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Annuncio • Feb 25
Zig Sheng Industrial Co., Ltd. to Report Q4, 2024 Results on Mar 07, 2025 Zig Sheng Industrial Co., Ltd. announced that they will report Q4, 2024 results on Mar 07, 2025 New Risk • Nov 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 225% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 10
Third quarter 2024 earnings released: NT$0.12 loss per share (vs NT$0.16 loss in 3Q 2023) Third quarter 2024 results: NT$0.12 loss per share (improved from NT$0.16 loss in 3Q 2023). Revenue: NT$2.38b (up 23% from 3Q 2023). Net loss: NT$59.9m (loss narrowed 31% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Annuncio • Oct 23
Zig Sheng Industrial Co., Ltd. to Report Q3, 2024 Results on Nov 08, 2024 Zig Sheng Industrial Co., Ltd. announced that they will report Q3, 2024 results on Nov 08, 2024 New Risk • Aug 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 141% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: NT$0.12 (vs NT$0.28 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.12 (up from NT$0.28 loss in 2Q 2023). Revenue: NT$2.70b (up 56% from 2Q 2023). Net income: NT$61.8m (up NT$210.5m from 2Q 2023). Profit margin: 2.3% (up from net loss in 2Q 2023). The move to profitability 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 89 percentage points per year, which is a significant difference in performance. Annuncio • Jul 25
Zig Sheng Industrial Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024 Zig Sheng Industrial Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024 Annuncio • Jun 13
Zig Sheng Industrial Co., Ltd. Announces Resignation of Liang, Long-Shiang as Director Zig Sheng Industrial Co., Ltd. announced resignation of Liang, Long-Shiang as Director. Reason for the change: Due to busy business and submitted a letter of resignation and resigned as a director with effect from June 11, 2024. Original term: June 8, 2022 to June 7, 2025. Elected or changed position: natural-person director. Resume of the previous position holder: Director of the Company. Reported Earnings • May 13
First quarter 2024 earnings released: EPS: NT$0.14 (vs NT$0.076 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.14 (up from NT$0.076 loss in 1Q 2023). Revenue: NT$2.24b (up 24% from 1Q 2023). Net income: NT$73.9m (up NT$114.5m from 1Q 2023). Profit margin: 3.3% (up from net loss in 1Q 2023). The move to profitability 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 95 percentage points per year, which is a significant difference in performance. New Risk • Apr 22
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 12
Full year 2023 earnings released: NT$0.45 loss per share (vs NT$0.53 loss in FY 2022) Full year 2023 results: NT$0.45 loss per share (improved from NT$0.53 loss in FY 2022). Revenue: NT$7.74b (down 17% from FY 2022). Net loss: NT$240.2m (loss narrowed 15% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Annuncio • Mar 09
Zig Sheng Industrial Co., Ltd., Annual General Meeting, Jun 06, 2024 Zig Sheng Industrial Co., Ltd., Annual General Meeting, Jun 06, 2024. Location: Staff activity center of The Guanyin factory, No. 307, Anhe St., Guanyin Dist., Taoyuan City Taiwan Agenda: To consider 2023 Business Report; to consider Audit Committee's Review Report on the 2023 Financial Statements; to consider Report on Execution of Employees' Profit Sharing Bonus and Board of Directors' Compensation for the Year 2023; to consider 2023 Business Report and Financial Statements; to consider the Proposal for 2023 Deficit Compensation; to consider Amendment to the Company's Articles of Incorporation; and to consider other matters. Reported Earnings • Nov 23
Third quarter 2023 earnings released: NT$0.16 loss per share (vs NT$0.42 loss in 3Q 2022) Third quarter 2023 results: NT$0.16 loss per share (improved from NT$0.42 loss in 3Q 2022). Revenue: NT$1.93b (down 10% from 3Q 2022). Net loss: NT$86.1m (loss narrowed 62% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. New Risk • Aug 20
New major risk - Revenue and earnings growth Earnings have declined by 2.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 19
Second quarter 2023 earnings released: NT$0.28 loss per share (vs NT$0.064 loss in 2Q 2022) Second quarter 2023 results: NT$0.28 loss per share (further deteriorated from NT$0.064 loss in 2Q 2022). Revenue: NT$1.74b (down 32% from 2Q 2022). Net loss: NT$148.7m (loss widened 340% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 29
Upcoming dividend of NT$0.10 per share at 0.9% yield Eligible shareholders must have bought the stock before 06 July 2023. Payment date: 10 August 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 0.9%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.3%). Annuncio • Jun 11
Zig Sheng Industrial Co., Ltd. Approves Cash Distribution Zig Sheng Industrial Co., Ltd. announced that at its AGM held on June 9, 2023, the shareholders approved cash distributed from Capital Surplus, TWD 0.10 per share. Reported Earnings • Jun 01
First quarter 2023 earnings released: NT$0.08 loss per share (vs NT$0.15 profit in 1Q 2022) First quarter 2023 results: NT$0.08 loss per share (down from NT$0.15 profit in 1Q 2022). Revenue: NT$1.80b (down 36% from 1Q 2022). Net loss: NT$40.6m (down 150% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 14% per year and the company’s share price has also increased by 14% per year. Reported Earnings • Mar 15
Full year 2022 earnings released: NT$0.53 loss per share (vs NT$1.73 profit in FY 2021) Full year 2022 results: NT$0.53 loss per share (down from NT$1.73 profit in FY 2021). Revenue: NT$9.30b (down 17% from FY 2021). Net loss: NT$281.8m (down 131% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. 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. 5 experienced directors. 5 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Ko-Wu Lin was the last independent director to join the board, commencing their role in 2019. 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 15
Second quarter 2022 earnings released: NT$0.06 loss per share (vs NT$1.02 profit in 2Q 2021) Second quarter 2022 results: NT$0.06 loss per share (down from NT$1.02 profit in 2Q 2021). Revenue: NT$2.55b (down 6.9% from 2Q 2021). Net loss: NT$33.8m (down 106% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 02
Upcoming dividend of NT$0.80 per share Eligible shareholders must have bought the stock before 09 August 2022. Payment date: 08 September 2022. Payout ratio is a comfortable 69% but the company is not cash flow positive. Trailing yield: 7.1%. Within top quartile of Taiwanese dividend payers (6.6%). Higher than average of industry peers (4.1%). Annuncio • Jul 09
Zig Sheng Industrial Co., Ltd. Announces Cash Dividend, Payable on September 8, 2022 Zig Sheng Industrial Co., Ltd. announced cash dividend of TWD 0.80 per share. Total amount of cash dividend to shareholders is TWD 425,350,704. Ex-rights (ex-dividend) trading date is July 9, 2022. Ex-rights (ex-dividend) record date is August 15, 2022. Cash dividend will be payable on September 8, 2022. Reported Earnings • May 08
First quarter 2022 earnings released: EPS: NT$0.15 (vs NT$0.72 in 1Q 2021) First quarter 2022 results: EPS: NT$0.15 (down from NT$0.72 in 1Q 2021). Revenue: NT$2.82b (up 19% from 1Q 2021). Net income: NT$80.5m (down 79% from 1Q 2021). Profit margin: 2.9% (down from 16% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Ko-Wu Lin was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 13
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$1.73 (up from NT$0.069 loss in FY 2020). Revenue: NT$11.2b (up 46% from FY 2020). Net income: NT$920.1m (up NT$960.2m from FY 2020). Profit margin: 8.2% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 89% 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 • Nov 08
Third quarter 2021 earnings released: NT$0.16 loss per share (vs NT$0.071 profit in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: NT$2.99b (up 52% from 3Q 2020). Net loss: NT$82.7m (down 304% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improved over the past week After last week's 23% share price gain to NT$21.35, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 16x in the Luxury industry in Taiwan. Total returns to shareholders of 114% over the past three years. Reported Earnings • Aug 16
Second quarter 2021 earnings released: EPS NT$1.02 (vs NT$0.28 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$2.74b (up 114% from 2Q 2020). Net income: NT$542.4m (up NT$708.3m from 2Q 2020). Profit margin: 20% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 04
Upcoming dividend of NT$0.30 per share Eligible shareholders must have bought the stock before 11 August 2021. Payment date: 08 September 2021. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.5%). Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$20.90, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 20x in the Luxury industry in Taiwan. Total returns to shareholders of 115% over the past three years. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$24.00, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 21x in the Luxury industry in Taiwan. Total returns to shareholders of 131% over the past three years. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 38% share price gain to NT$26.10, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 19x in the Luxury industry in Taiwan. Total returns to shareholders of 161% over the past three years. Reported Earnings • May 08
First quarter 2021 earnings released: EPS NT$0.72 (vs NT$0.33 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$2.36b (up 10% from 1Q 2020). Net income: NT$381.9m (up NT$583.7m from 1Q 2020). Profit margin: 16% (up from net loss in 1Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • Mar 30
Full year 2020 earnings released: NT$0.07 loss per share (vs NT$0.49 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: NT$7.68b (down 35% from FY 2019). Net loss: NT$40.1m (loss narrowed 87% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Dec 10
New 90-day high: NT$9.63 The company is up 9.0% from its price of NT$8.87 on 11 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is up 4.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.07 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$1.97b (down 30% from 3Q 2019). Net income: NT$40.6m (up NT$150.3m from 3Q 2019). Profit margin: 2.1% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 110% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.