Reported Earnings • Mar 28
Full year 2025 earnings released: NT$0.69 loss per share (vs NT$0.42 loss in FY 2024) Full year 2025 results: NT$0.69 loss per share (further deteriorated from NT$0.42 loss in FY 2024). Revenue: NT$2.02b (flat on FY 2024). Net loss: NT$154.0m (loss widened 66% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Annuncio • Mar 16
Lee Chi Enterprises Company Ltd., Annual General Meeting, Jun 25, 2026 Lee Chi Enterprises Company Ltd., Annual General Meeting, Jun 25, 2026. Location: no,112, sec.1 shih p`ai rd., shih p`ai li, changhua city, changhua county Taiwan New Risk • Mar 13
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.8% 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 46% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$2.47b market cap, or US$77.2m). Reported Earnings • Nov 17
Third quarter 2025 earnings released: NT$0.11 loss per share (vs NT$0.15 loss in 3Q 2024) Third quarter 2025 results: NT$0.11 loss per share (improved from NT$0.15 loss in 3Q 2024). Revenue: NT$466.0m (down 19% from 3Q 2024). Net loss: NT$23.8m (loss narrowed 31% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Declared Dividend • Aug 29
Dividend of NT$0.20 announced Dividend of NT$0.20 is the same as last year. Ex-date: 12th September 2025 Payment date: 9th October 2025 Dividend yield will be 1.9%, which is lower than the industry average of 5.0%. 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 • Aug 15
Second quarter 2025 earnings released: NT$0.60 loss per share (vs NT$0.10 loss in 2Q 2024) Second quarter 2025 results: NT$0.60 loss per share (further deteriorated from NT$0.10 loss in 2Q 2024). Revenue: NT$507.8m (flat on 2Q 2024). Net loss: NT$134.9m (loss widened 485% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. New Risk • Aug 05
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.0% 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 25% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$2.30b market cap, or US$76.9m). Reported Earnings • May 15
First quarter 2025 earnings released: EPS: NT$0.05 (vs NT$0.022 loss in 1Q 2024) First quarter 2025 results: EPS: NT$0.05 (up from NT$0.022 loss in 1Q 2024). Revenue: NT$551.7m (up 48% from 1Q 2024). Net income: NT$11.1m (up NT$15.9m from 1Q 2024). Profit margin: 2.0% (up from net loss in 1Q 2024). 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 84 percentage points per year, which is a significant difference in performance. Annuncio • May 06
Lee Chi Enterprises Company Ltd. to Report Q1, 2025 Results on May 13, 2025 Lee Chi Enterprises Company Ltd. announced that they will report Q1, 2025 results on May 13, 2025 Reported Earnings • Mar 19
Full year 2024 earnings released: NT$0.42 loss per share (vs NT$0.75 loss in FY 2023) Full year 2024 results: NT$0.42 loss per share (improved from NT$0.75 loss in FY 2023). Revenue: NT$2.03b (up 7.5% from FY 2023). Net loss: NT$92.8m (loss narrowed 44% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Annuncio • Mar 17
Lee Chi Enterprises Company Ltd., Annual General Meeting, Jun 26, 2025 Lee Chi Enterprises Company Ltd., Annual General Meeting, Jun 26, 2025. Location: no,112, sec.1 shih p`ai rd., shih p`ai li, changhua city, changhua county Taiwan New Risk • Nov 18
New major risk - Revenue and earnings growth Earnings have declined by 6.6% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.6% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.19b market cap, or US$98.2m). Reported Earnings • Nov 18
Third quarter 2024 earnings released: NT$0.15 loss per share (vs NT$0.15 loss in 3Q 2023) Third quarter 2024 results: NT$0.15 loss per share (in line with 3Q 2023). Revenue: NT$574.2m (up 31% from 3Q 2023). Net loss: NT$34.5m (loss widened 2.7% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. New Risk • Nov 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.26b (US$100.0m) 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. Declared Dividend • Aug 30
Dividend reduced to NT$0.20 Dividend of NT$0.20 is 78% lower than last year. Ex-date: 13th September 2024 Payment date: 9th October 2024 Dividend yield will be 1.2%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (37% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • Aug 14
Second quarter 2024 earnings released: NT$0.10 loss per share (vs NT$0.18 loss in 2Q 2023) Second quarter 2024 results: NT$0.10 loss per share (improved from NT$0.18 loss in 2Q 2023). Revenue: NT$511.4m (up 19% from 2Q 2023). Net loss: NT$23.1m (loss narrowed 42% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Annuncio • Aug 02
Lee Chi Enterprises Company Ltd. to Report Q2, 2024 Results on Aug 09, 2024 Lee Chi Enterprises Company Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024 Reported Earnings • May 20
First quarter 2024 earnings released: NT$0.02 loss per share (vs NT$0.006 profit in 1Q 2023) First quarter 2024 results: NT$0.02 loss per share (down from NT$0.006 profit in 1Q 2023). Revenue: NT$374.1m (down 39% from 1Q 2023). Net loss: NT$4.82m (down 465% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 50% 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. Annuncio • May 05
Lee Chi Enterprises Company Ltd. to Report Q1, 2024 Results on May 10, 2024 Lee Chi Enterprises Company Ltd. announced that they will report Q1, 2024 results on May 10, 2024 Reported Earnings • Mar 20
Full year 2023 earnings released: NT$0.75 loss per share (vs NT$2.55 profit in FY 2022) Full year 2023 results: NT$0.75 loss per share (down from NT$2.55 profit in FY 2022). Revenue: NT$1.89b (down 63% from FY 2022). Net loss: NT$166.7m (down 129% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Annuncio • Dec 22
Lee Chi Enterprises Company Ltd. Announces to Establish the Sustainable Development Committee and to Appoint Members of Sustainable Development Committee Lee Chi Enterprises Company Ltd. announced to establish the sustainable development committee and to appoint members of sustainable development committee. Name of the new position holder: Lin, Yu-Hsin; Lin, Yi-Hsien; Lee, Yu-Cheng; Chen, Kuei-Tuan; Chen, Yung-Hsueh; Ma, Hui-Chen. Resume of the new position holder: Lin, Yu-Hsin: Chairperson of the Company; Lin, Yi-Hsien: President of the Company; Lee, Yu-Cheng:Manager of the Management Department and Spokesperson of the Company; Chen, Kuei-Tuan: Independent director of the Company, Certified Public Accountant at EnWise CPAs & Co.; Chen, Yung-Hsueh: Independent director of the Company; Ma, Hui-Chen: Independent director of the Company, Chief Operating Officer of Eternal On CPAs. New Risk • Oct 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.23b (US$99.8m) 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.7% net profit margin). Market cap is less than US$100m (NT$3.23b market cap, or US$99.8m). Upcoming Dividend • Sep 06
Upcoming dividend of NT$0.90 per share at 5.5% yield Eligible shareholders must have bought the stock before 13 September 2023. Payment date: 06 October 2023. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 5.5%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (4.7%). Annuncio • Aug 29
Lee Chi Enterprises Company Ltd. Announces Cash Dividend for the Year 2022, Payable on October 6, 2023 Lee Chi Enterprises Company Ltd. announced cash dividend to common share holders of TWD 200,970,006 (TWD 0.9 per share) for the year 2022. Ex-rights (ex-dividend) trading date: September 13, 2023. Ex-rights (ex-dividend) record date: September 19, 2023. Payment date of cash dividend distribution: October 6, 2023. New Risk • Aug 13
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: 6.7% Last year net profit margin: 10% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.7% net profit margin). Reported Earnings • Aug 12
Second quarter 2023 earnings released: NT$0.18 loss per share (vs NT$0.60 profit in 2Q 2022) Second quarter 2023 results: NT$0.18 loss per share (down from NT$0.60 profit in 2Q 2022). Revenue: NT$428.5m (down 68% from 2Q 2022). Net loss: NT$39.7m (down 130% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Annuncio • Jun 22
Lee Chi Enterprises Company Ltd. Announces Directorate Changes Lee Chi Enterprises Company Ltd. announced directorate changes. Title and name of the previous position holder Directors: Representative of Ko Fu Investment Co. Ltd. Lin, Chung-Ying. Title and name of the new position holder: Representative of Ko Fu Investment Co. Ltd. Lee, Yu-Cheng. Resume: Representative of Ko Fu Investment Co. Ltd. Lee, Yu-Cheng - Manager of the Management Department and Spokesperson of the Company. Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: NT$2.55 (vs NT$2.00 in FY 2021) Full year 2022 results: EPS: NT$2.55 (up from NT$2.00 in FY 2021). Revenue: NT$5.08b (up 4.2% from FY 2021). Net income: NT$568.7m (up 27% from FY 2021). Profit margin: 11% (up from 9.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 50% 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. 3 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Kuei-Tuan Chen was the last independent director to join the board, commencing their role in 2017. 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 • Nov 13
Third quarter 2022 earnings released: EPS: NT$1.06 (vs NT$0.50 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.06 (up from NT$0.50 in 3Q 2021). Revenue: NT$1.55b (up 26% from 3Q 2021). Net income: NT$237.8m (up 112% from 3Q 2021). Profit margin: 15% (up from 9.1% 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 89% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 13
Upcoming dividend of NT$0.80 per share Eligible shareholders must have bought the stock before 20 September 2022. Payment date: 14 October 2022. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (6.6%). Lower than average of industry peers (4.2%). Annuncio • Aug 31
Leechi Machinery Industry Ltd. Co. Announces Dividend for the Year 2021, Payable on October 14, 2022 Leechi Machinery Industry Ltd. Co. announced dividend for the year 2021. For the year, the company reported dividend of TWD 0.80 per share or TWD 178,640,006. Ex-rights (ex-dividend) trading date: September 20, 2022. Ex-rights (ex-dividend) record date: September 26, 2022. Cash dividend will be paid on October 14, 2022. Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: NT$0.60 (vs NT$0.49 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.60 (up from NT$0.49 in 2Q 2021). Revenue: NT$1.35b (up 11% from 2Q 2021). Net income: NT$134.1m (up 22% from 2Q 2021). Profit margin: 9.9% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.70 (vs NT$0.47 in 1Q 2021) First quarter 2022 results: EPS: NT$0.70 (up from NT$0.47 in 1Q 2021). Revenue: NT$1.22b (up 21% from 1Q 2021). Net income: NT$156.8m (up 51% from 1Q 2021). Profit margin: 13% (up from 10% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 29% 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. 6 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Kuei-Tuan Chen was the last independent director to join the board, commencing their role in 2017. 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 30
Full year 2021 earnings released: EPS: NT$2.00 (vs NT$0.76 in FY 2020) Full year 2021 results: EPS: NT$2.00 (up from NT$0.76 in FY 2020). Revenue: NT$4.88b (up 44% from FY 2020). Net income: NT$447.4m (up 164% from FY 2020). Profit margin: 9.2% (up from 5.0% in FY 2020). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS NT$0.50 (vs NT$0.33 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.23b (up 20% from 3Q 2020). Net income: NT$112.0m (up 54% from 3Q 2020). Profit margin: 9.1% (up from 7.0% in 3Q 2020). The increase in margin was driven by higher revenue. 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 41% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$24.50, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 15x in the Leisure industry in Taiwan. Total returns to shareholders of 158% over the past three years. Upcoming Dividend • Sep 10
Upcoming dividend of NT$0.35 per share Eligible shareholders must have bought the stock before 17 September 2021. Payment date: 15 October 2021. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (2.9%). Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$24.20, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 16x in the Leisure industry in Taiwan. Total returns to shareholders of 147% over the past three years. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$0.49 (vs NT$0.12 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.22b (up 64% from 2Q 2020). Net income: NT$109.6m (up 303% from 2Q 2020). Profit margin: 9.0% (up from 3.7% 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 66% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 21% share price gain to NT$32.20, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 19x in the Leisure industry in Taiwan. Total returns to shareholders of 236% over the past three years. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 17% share price gain to NT$28.80, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 20x in the Leisure industry in Taiwan. Total returns to shareholders of 204% over the past three years. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$23.35, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 22x in the Leisure industry in Taiwan. Total returns to shareholders of 143% over the past three years. Reported Earnings • May 08
First quarter 2021 earnings released: EPS NT$0.47 (vs NT$0.28 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$1.01b (up 96% from 1Q 2020). Net income: NT$103.9m (up NT$167.6m from 1Q 2020). Profit margin: 10% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 40% per year. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improved over the past week After last week's 29% share price gain to NT$22.25, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 26x in the Leisure industry in Taiwan. Total returns to shareholders of 125% over the past three years. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS NT$0.76 (vs NT$0.055 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$3.38b (up 13% from FY 2019). Net income: NT$169.3m (up NT$156.9m from FY 2019). Profit margin: 5.0% (up from 0.4% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 09
New 90-day high: NT$14.95 The company is up 7.0% from its price of NT$14.00 on 09 December 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is up 8.0% over the same period. Is New 90 Day High Low • Jan 29
New 90-day low: NT$12.55 The company is down 3.0% from its price of NT$13.00 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 Leisure industry, which is flat over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.33 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.03b (up 32% from 3Q 2019). Net income: NT$72.7m (up NT$70.8m from 3Q 2019). Profit margin: 7.0% (up from 0.2% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 80% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Oct 21
New 90-day high: NT$12.80 The company is up 16% from its price of NT$11.00 on 23 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is flat over the same period.