Reported Earnings • May 13
First quarter 2026 earnings released: NT$0.073 loss per share (vs NT$0.069 loss in 1Q 2025) First quarter 2026 results: NT$0.073 loss per share (further deteriorated from NT$0.069 loss in 1Q 2025). Net loss: NT$19.0m (loss widened 5.0% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. New Risk • Mar 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 176% 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: Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (NT$153m revenue, or US$4.8m). Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$1.29 (vs NT$0.081 loss in FY 2024) Full year 2025 results: EPS: NT$1.29 (up from NT$0.081 loss in FY 2024). Net income: NT$335.7m (up NT$356.8m from FY 2024). 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 3% per year, which means it is well ahead of earnings. Annuncio • Mar 11
Shihlin Paper Corporation, Annual General Meeting, Jun 05, 2026 Shihlin Paper Corporation, Annual General Meeting, Jun 05, 2026. Location: no,32 ln.266, sec.2 chih shan rd., shihlin district, taipei city Taiwan Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: NT$0.75 (vs NT$0.12 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.75 (up from NT$0.12 in 3Q 2024). Revenue: NT$36.9m (down 2.8% from 3Q 2024). Net income: NT$196.1m (up NT$165.9m from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. New Risk • Nov 11
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: NT$155m (US$5.0m) This is considered a minor risk. Companies with a small amount of revenue 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 • Aug 13
Second quarter 2025 earnings released: NT$0.15 loss per share (vs NT$0.064 loss in 2Q 2024) Second quarter 2025 results: NT$0.15 loss per share (further deteriorated from NT$0.064 loss in 2Q 2024). Net loss: NT$38.6m (loss widened 132% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. New Risk • May 27
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 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • May 15
First quarter 2025 earnings released: NT$0.07 loss per share (vs NT$0.052 loss in 1Q 2024) First quarter 2025 results: NT$0.07 loss per share (further deteriorated from NT$0.052 loss in 1Q 2024). Net loss: NT$18.1m (loss widened 34% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Annuncio • May 06
Shihlin Paper Corporation to Report Q1, 2025 Results on May 13, 2025 Shihlin Paper Corporation announced that they will report Q1, 2025 results on May 13, 2025 Annuncio • Mar 12
Shihlin Paper Corporation, Annual General Meeting, Jun 20, 2025 Shihlin Paper Corporation, Annual General Meeting, Jun 20, 2025. Location: no,32 ln.266, sec.2 chih shan rd., shihlin district, taipei city Taiwan Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: NT$0.12 (vs NT$0.63 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.12 (down from NT$0.63 in 3Q 2023). Net income: NT$30.2m (down 82% from 3Q 2023). 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 10% per year, which means it is significantly lagging earnings. New Risk • Nov 12
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: NT$162m (US$5.0m) This is considered a minor risk. Companies with a small amount of revenue 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 Profit margins are more than 30% lower than last year (71% net profit margin). Revenue is less than US$5m (NT$162m revenue, or US$5.0m). Reported Earnings • Aug 17
Second quarter 2024 earnings released: NT$0.06 loss per share (vs NT$0.086 loss in 2Q 2023) Second quarter 2024 results: NT$0.06 loss per share (improved from NT$0.086 loss in 2Q 2023). Revenue: NT$36.5m (down 16% from 2Q 2023). Net loss: NT$16.6m (loss narrowed 25% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annuncio • Aug 03
Shihlin Paper Corporation to Report Q2, 2024 Results on Aug 12, 2024 Shihlin Paper Corporation announced that they will report Q2, 2024 results on Aug 12, 2024 Reported Earnings • Mar 21
Full year 2023 earnings released: EPS: NT$0.33 (vs NT$0.81 in FY 2022) Full year 2023 results: EPS: NT$0.33 (down from NT$0.81 in FY 2022). Revenue: NT$171.1m (up 3.7% from FY 2022). Net income: NT$86.4m (down 59% from FY 2022). Profit margin: 51% (down from 128% in FY 2022). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annuncio • Mar 13
Shihlin Paper Corporation, Annual General Meeting, Jun 18, 2024 Shihlin Paper Corporation, Annual General Meeting, Jun 18, 2024. Location: No.32,Ln.266,Sec.2, Zhishan Rd., Shilin Dist., CHIN CHIN Garden Restaurant Taipei Taiwan Agenda: To report the business of 2023; to consider the status of 2023 Endorsement/Guarantee and Loan of Funds; to consider Audit Committee's Review Report on the 2023 Financial Statement; to consider amendment to the Company's Rules of Procedure for Board of Directors Meetings; to consider 2023 Business Report and Financial Statements; to consider acknowledgment of the 2023 deficit compensation; and to consider other matters. New Risk • Jul 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 6.2% 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. Board Change • Jun 24
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. 4 non-independent directors. Independent Director Ming-Chien Tang 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. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$53.70, the stock trades at a trailing P/E ratio of 68.9x. Average trailing P/E is 28x in the Forestry industry in Taiwan. Total returns to shareholders of 12% over the past three years. Annuncio • Jun 06
Shihlin Paper Corporation Approves the Election of Chen, You as Board of Director Shihlin Paper Corporation approved the election of Chen, You, Director,Shihlin Paper Co. Ltd., as board of directors, at the AGM held on June 5, 2023. Reason for the change: It is planned to elect one director to meet the company's operational and practical needs. Effective date of the new appointment is June 5, 2023. Annuncio • May 20
Shihlin Paper Corporation Announces Change of Representative Juristic-Person Director Shihlin Paper Corporation appointed Tsai, Cheng-Che as juristic-person director in place of Wu, Chiu-Ling, effective May 19, 2023. Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: NT$0.81 (vs NT$0.32 in FY 2021) Full year 2022 results: EPS: NT$0.81 (up from NT$0.32 in FY 2021). Net income: NT$211.8m (up 151% from FY 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 17% per year, which means it is significantly lagging earnings growth. Annuncio • Dec 07
Shihlin Paper Corporation Announces Resignation of Chen, You as Institutional Director Shihlin Paper Corporation announced Resignation of Chen, You as Institutional director. Resume of the previous position holder:Director,Shihlin Paper Co. Ltd. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: NT$1.20 (vs NT$0.016 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.20 (up from NT$0.016 in 3Q 2021). Net income: NT$311.5m (up NT$307.3m from 3Q 2021). 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 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
Second quarter 2022 earnings released: NT$0.13 loss per share (vs NT$0.039 profit in 2Q 2021) Second quarter 2022 results: NT$0.13 loss per share (down from NT$0.039 profit in 2Q 2021). Net loss: NT$33.9m (down 436% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Board Change • May 20
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. 5 non-independent directors. Independent Director Ming-Chien Tang 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. Annuncio • May 17
Shihlin Paper Corporation Announces the Change of Representative Juristic-Person Director Shihlin Paper Corporation announced the change of representative juristic-person director. Name of the previous position holder: Wu, Chiu-Ling. Resume of the previous position holder: Chairman, Yee Tzao Enterprise Co.,Ltd. Name of the new position holder: Tsai, Cheng-Che. Resume of the new position holder: President, Shihlin Paper Co. Ltd. Reason for the change: representative change. Effective date of the new appointment is May 16, 2022. Reported Earnings • May 17
First quarter 2022 earnings released: NT$0.11 loss per share (vs NT$0.38 profit in 1Q 2021) First quarter 2022 results: NT$0.11 loss per share (down from NT$0.38 profit in 1Q 2021). Net loss: NT$27.5m (down 128% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS NT$0.02 (vs NT$0.033 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$49.3m (up 35% from 3Q 2020). Net income: NT$4.21m (up NT$12.7m from 3Q 2020). Profit margin: 8.5% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$0.04 (vs NT$0.17 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$99.6m (up 144% from 2Q 2020). Net income: NT$10.1m (up NT$53.8m from 2Q 2020). Profit margin: 10% (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 37% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$0.38 (vs NT$0.18 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$130.8m (up 236% from 1Q 2020). Net income: NT$97.9m (up NT$145.5m from 1Q 2020). Profit margin: 75% (up from net loss in 1Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 16% per year. Reported Earnings • Mar 25
Full year 2020 earnings released: NT$0.52 loss per share (vs NT$0.69 loss in FY 2019) Full year 2020 results: Net loss: NT$135.7m (loss narrowed 24% from FY 2019). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 01
New 90-day low: NT$47.35 The company is down 30% from its price of NT$67.50 on 03 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 5.0% over the same period. Is New 90 Day High Low • Jan 12
New 90-day low: NT$56.00 The company is down 5.0% from its price of NT$59.10 on 14 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 29% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: NT$0.03 loss per share Third quarter 2020 results: Net loss: NT$8.53m (loss narrowed 76% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Sep 25
New 90-day low: NT$54.40 The company is down 4.0% from its price of NT$56.50 on 24 June 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 13% over the same period.