Reported Earnings • Mar 11
Full year 2025 earnings released: EPS: NT$0.74 (vs NT$1.81 in FY 2024) Full year 2025 results: EPS: NT$0.74 (down from NT$1.81 in FY 2024). Revenue: NT$13.3b (down 3.1% from FY 2024). Net income: NT$239.1m (down 59% from FY 2024). Profit margin: 1.8% (down from 4.2% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 6% per year. Annuncio • Mar 09
Sheng Yu Steel Co., Ltd., Annual General Meeting, Jun 12, 2026 Sheng Yu Steel Co., Ltd., Annual General Meeting, Jun 12, 2026. Location: no,11, chung lin rd., siaogang district, kaohsiung city Taiwan Annuncio • Jan 29
Shanghai Tsinghen International Trading Co.,Ltd. agreed to acquire 95% stake in Yodogawa-Shengyu (Hefei) High-Tech Steel Co.,Ltd. from Yodoko, Ltd. (TSE:5451) and Sheng Yu Steel Co., Ltd. (TWSE:2029). Shanghai Tsinghen International Trading Co.,Ltd. agreed to acquire 95% stake in Yodogawa-Shengyu (Hefei) High-Tech Steel Co.,Ltd. from Yodoko, Ltd. (TSE:5451) and Sheng Yu Steel Co., Ltd. (TWSE:2029) on January 28, 2026. The selling price is currently under negotiation.
The transaction was approved by acquirer board. The deal is expected to close in late June 2026. Reported Earnings • Nov 07
Third quarter 2025 earnings released: NT$0.05 loss per share (vs NT$0.26 profit in 3Q 2024) Third quarter 2025 results: NT$0.05 loss per share (down from NT$0.26 profit in 3Q 2024). Revenue: NT$2.93b (down 13% from 3Q 2024). Net loss: NT$16.6m (down 120% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 5% per year. Reported Earnings • Aug 13
Second quarter 2025 earnings released: NT$0.02 loss per share (vs NT$0.48 profit in 2Q 2024) Second quarter 2025 results: NT$0.02 loss per share (down from NT$0.48 profit in 2Q 2024). Revenue: NT$3.65b (up 10% from 2Q 2024). Net loss: NT$5.65m (down 104% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 13% 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. Upcoming Dividend • Jul 08
Upcoming dividend of NT$1.25 per share Eligible shareholders must have bought the stock before 15 July 2025. Payment date: 15 August 2025. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 5.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.3%). Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$0.54 (vs NT$0.49 in 1Q 2024) First quarter 2025 results: EPS: NT$0.54 (up from NT$0.49 in 1Q 2024). Revenue: NT$3.80b (up 15% from 1Q 2024). Net income: NT$174.8m (up 12% from 1Q 2024). Profit margin: 4.6% (down from 4.7% in 1Q 2024). The decrease in margin was driven by higher expenses. 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 7% per year, which means it has not declined as severely as earnings. Declared Dividend • May 10
Dividend of NT$1.25 announced Shareholders will receive a dividend of NT$1.25. Ex-date: 15th July 2025 Payment date: 15th August 2025 Dividend yield will be 5.1%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is covered by earnings (69% earnings payout ratio) but not covered by cash flows (dividend approximately 13x free cash flows). The dividend has increased over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 76% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annuncio • May 01
Sheng Yu Steel Co., Ltd. to Report Q1, 2025 Results on May 08, 2025 Sheng Yu Steel Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$21.75, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 17x in the Metals and Mining industry in Taiwan. Total loss to shareholders of 36% over the past three years. Reported Earnings • Mar 13
Full year 2024 earnings released: EPS: NT$1.81 (vs NT$1.95 in FY 2023) Full year 2024 results: EPS: NT$1.81 (down from NT$1.95 in FY 2023). Revenue: NT$13.7b (up 11% from FY 2023). Net income: NT$581.2m (down 7.4% from FY 2023). Profit margin: 4.2% (down from 5.1% in FY 2023). The decrease in margin was driven by higher expenses. 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 6% per year, which means it has not declined as severely as earnings. Annuncio • Mar 10
Sheng Yu Steel Co., Ltd., Annual General Meeting, Jun 13, 2025 Sheng Yu Steel Co., Ltd., Annual General Meeting, Jun 13, 2025. Location: no,11, chung lin rd., siaogang district, kaohsiung city Taiwan Annuncio • Mar 01
Sheng Yu Steel Co., Ltd. to Report Fiscal Year 2024 Results on Mar 07, 2025 Sheng Yu Steel Co., Ltd. announced that they will report fiscal year 2024 results on Mar 07, 2025 Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: NT$0.26 (vs NT$0.68 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.26 (down from NT$0.68 in 3Q 2023). Revenue: NT$3.36b (up 7.5% from 3Q 2023). Net income: NT$83.0m (down 62% from 3Q 2023). Profit margin: 2.5% (down from 7.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: NT$0.48 (vs NT$0.21 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.48 (up from NT$0.21 in 2Q 2023). Revenue: NT$3.31b (up 13% from 2Q 2023). Net income: NT$155.3m (up 133% from 2Q 2023). Profit margin: 4.7% (up from 2.3% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Annuncio • Aug 02
Sheng Yu Steel Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024 Sheng Yu Steel Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024 Upcoming Dividend • Jul 09
Upcoming dividend of NT$1.25 per share Eligible shareholders must have bought the stock before 16 July 2024. Payment date: 16 August 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.7%). Reported Earnings • May 15
First quarter 2024 earnings released: EPS: NT$0.49 (vs NT$0.50 in 1Q 2023) First quarter 2024 results: EPS: NT$0.49 (down from NT$0.50 in 1Q 2023). Revenue: NT$3.30b (up 15% from 1Q 2023). Net income: NT$156.8m (down 2.2% from 1Q 2023). Profit margin: 4.7% (down from 5.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Declared Dividend • May 11
Dividend increased to NT$1.25 Dividend of NT$1.25 is 21% higher than last year. Ex-date: 16th July 2024 Payment date: 16th August 2024 Dividend yield will be 4.4%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 42% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annuncio • May 09
Sheng Yu Steel Co., Ltd. Announces Cash Dividend for 2023, Payable on August 16, 2024 Sheng Yu Steel Co., Ltd. announced cash dividend of TWD 1.25 per common share for 2023. Ex-rights (ex-dividend) trading date is July 16, 2024; Ex-rights (ex-dividend) record date is July 22, 2024; Payment date of cash dividend distribution is August 16, 2024. Annuncio • May 03
Sheng Yu Steel Co., Ltd. to Report Q1, 2024 Results on May 08, 2024 Sheng Yu Steel Co., Ltd. announced that they will report Q1, 2024 results on May 08, 2024 Buy Or Sell Opportunity • Apr 10
Now 21% undervalued Over the last 90 days, the stock has risen 3.3% to NT$29.80. The fair value is estimated to be NT$37.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 15%. Reported Earnings • Mar 14
Full year 2023 earnings released: EPS: NT$1.95 (vs NT$1.57 in FY 2022) Full year 2023 results: EPS: NT$1.95 (up from NT$1.57 in FY 2022). Revenue: NT$12.4b (down 3.2% from FY 2022). Net income: NT$627.3m (up 24% from FY 2022). Profit margin: 5.1% (up from 3.9% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Mar 13
Now 20% overvalued Over the last 90 days, the stock has fallen 7.4% to NT$28.05. The fair value is estimated to be NT$23.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • Feb 22
Now 22% overvalued The stock has been flat over the last 90 days, currently trading at NT$28.35. The fair value is estimated to be NT$23.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years, while earnings per share has been flat. Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: NT$0.68 (vs NT$0.48 loss in 3Q 2022) Third quarter 2023 results: EPS: NT$0.68 (up from NT$0.48 loss in 3Q 2022). Revenue: NT$3.12b (up 24% from 3Q 2022). Net income: NT$219.8m (up NT$375.0m from 3Q 2022). Profit margin: 7.0% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: NT$0.21 (vs NT$1.06 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.21 (down from NT$1.06 in 2Q 2022). Revenue: NT$2.94b (down 21% from 2Q 2022). Net income: NT$66.7m (down 80% from 2Q 2022). Profit margin: 2.3% (down from 9.1% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 05
Sheng Yu Steel Co., Ltd. Announces Board Changes Sheng Yu Steel Co., Ltd. announced change in members of the company's Sustainable Development Committee. Name of the previous position holder: Mr. Ching-Chun Sheu; Resume of the previous position holder: Former Presient of the company. Name of the new position holder: Mr. Shih-Chiang Hung; Resume of the new position holder: Presient of the company. Reason for the change: Resignation. Effective date of the new member is August 04, 2023. Annuncio • Jul 29
Sheng Yu Steel Co., Ltd. Announces Resignation of Mr. Ching-Chun Sheu as Sustainable Development Committee Member, Effective on August 4, 2023 Sheng Yu Steel Co., Ltd. announced the member change of the company's Sustainable Development Committee. Name of the functional committees: Sustainable Development Committee. Name of the previous position holder: Mr. Ching-Chun Sheu. Resume of the previous position holder: Former Presient of the company. Mr. Ching-Chun Sheu's resignation of Sustainable Development Committee member will take effect from 4 August, 2023. Upcoming Dividend • Jul 06
Upcoming dividend of NT$1.03 per share at 4.0% yield Eligible shareholders must have bought the stock before 13 July 2023. Payment date: 15 August 2023. Payout ratio and cash payout ratio are on the higher end at 80% and 91% respectively. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (5.4%). In line with average of industry peers (3.8%). Annuncio • Jul 01
Sheng Yu Steel Co., Ltd. Announces the Change of Representative of the Juristic-Person Director Sheng Yu Steel Co., Ltd. announced the change of representative of the juristic-person director. Name of the previous position holder: Mr. Ching-Chun Sheu, director of Yodogawa Steel Works Ltd. Name of the new position holder: Mr. Shih-Chiang Hung, President of the company. Effective date of the new appointment is June 30, 2023. Annuncio • May 06
Sheng Yu Steel Co., Ltd. Announces Cash Dividend for 2022, Payable on August 15, 2023 Sheng Yu Steel Co., Ltd. announced cash dividend of TWD 1.03 per common share for 2022. Ex-rights (ex-dividend) trading date is July 13, 2023; Ex-rights (ex-dividend) record date is July 19, 2023; Payment date of cash dividend distribution is August 15, 2023. Reported Earnings • Mar 16
Full year 2022 earnings released: EPS: NT$1.57 (vs NT$3.94 in FY 2021) Full year 2022 results: EPS: NT$1.57 (down from NT$3.94 in FY 2021). Revenue: NT$12.8b (down 11% from FY 2021). Net income: NT$505.2m (down 60% from FY 2021). Profit margin: 3.9% (down from 8.8% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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 Ying-Fang Huang was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Nov 13
Sheng Yu Steel Co., Ltd. Resolves to Set Up Sustainable Development Committee Sheng Yu Steel Co., Ltd. announced that Board of Directors resolved to set up Sustainable Development Committee with the following member effective from November 11, 2022: (1) Ching-Chun Sheu: Director and President of Sheng Yu Steel Co.,Ltd.; (2) Ying-Fang Huang: Independent Director of Sheng Yu Steel Co.,Ltd.; and (3) Fang-Yih Hsu: Independent Director of Sheng Yu Steel Co.,Ltd. Reported Earnings • Nov 13
Third quarter 2022 earnings released: NT$0.48 loss per share (vs NT$1.04 profit in 3Q 2021) Third quarter 2022 results: NT$0.48 loss per share (down from NT$1.04 profit in 3Q 2021). Revenue: NT$2.51b (down 30% from 3Q 2021). Net loss: NT$155.3m (down 147% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 13
Second quarter 2022 earnings released: EPS: NT$1.06 (vs NT$1.06 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.06 (up from NT$1.06 in 2Q 2021). Revenue: NT$3.73b (up 2.2% from 2Q 2021). Net income: NT$340.8m (flat on 2Q 2021). Profit margin: 9.1% (down from 9.3% in 2Q 2021). The decrease in margin was driven by higher expenses. 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 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$22.00, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 8x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 28% over the past three years. Upcoming Dividend • Jul 07
Upcoming dividend of NT$2.55 per share Eligible shareholders must have bought the stock before 14 July 2022. Payment date: 17 August 2022. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 10%. Within top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (9.1%). Annuncio • Jun 18
Sheng Yu Steel Co., Ltd. Declares Cash Dividend for 2021, Payable on August 17, 2022 Sheng Yu Steel Co., Ltd. declares cash dividend of TWD 2.55 per common share payable on August 17, 2022. Ex-rights (ex-dividend) record date July 20, 2022 and Ex-rights (ex-dividend) trading date is July 14, 2022. Reported Earnings • May 17
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: EPS: NT$0.78 (down from NT$0.86 in 1Q 2021). Revenue: NT$4.19b (up 31% from 1Q 2021). Net income: NT$251.9m (down 8.9% from 1Q 2021). Profit margin: 6.0% (down from 8.6% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.1%. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 17% 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 Ying-Fang Huang was the last independent director to join the board, commencing their role in 2017. 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 • Apr 12
Investor sentiment improved over the past week After last week's 17% share price gain to NT$39.90, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 11x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 114% over the past three years. Annuncio • Apr 03
Sheng Yu Steel Co., Ltd. Announces Management Changes Sheng Yu Steel Co., Ltd. appoints Hiroshi Yanagisawa, The representative of juristic-person director of Toyota Tsusho Corp. as director in place of Hiromasa Ishii, effective date of appointment is April 1, 2022. Annuncio • Mar 23
Sheng Yu Steel Co., Ltd., Annual General Meeting, Jun 17, 2022 Sheng Yu Steel Co., Ltd., Annual General Meeting, Jun 17, 2022. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS NT$1.04 (vs NT$0.21 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$3.60b (up 58% from 3Q 2020). Net income: NT$332.5m (up 388% from 3Q 2020). Profit margin: 9.2% (up from 3.0% 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 95% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 11
Second quarter 2021 earnings released: EPS NT$1.06 (vs NT$0.073 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$3.64b (up 82% from 2Q 2020). Net income: NT$339.1m (up NT$362.5m from 2Q 2020). Profit margin: 9.3% (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 58% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 07
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 14 July 2021. Payment date: 18 August 2021. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (1.4%). Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 31% share price gain to NT$48.50, the stock trades at a trailing P/E ratio of 29.6x. Average forward P/E is 11x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 104% over the past three years. Executive Departure • Jun 18
Director Tsan-Yu Cheng has left the company On the 14th of June, Tsan-Yu Cheng's tenure as Director ended after 28.0 years in the role. We don't have any record of a personal shareholding under Tsan-Yu's name. Tsan-Yu is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.00 years. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improved over the past week After last week's 26% share price gain to NT$39.40, the stock trades at a trailing P/E ratio of 26.1x. Average forward P/E is 11x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 65% over the past three years. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$0.86 (vs NT$0.007 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$3.21b (up 33% from 1Q 2020). Net income: NT$276.5m (up NT$278.6m from 1Q 2020). Profit margin: 8.6% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 25% share price gain to NT$43.85, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 83% over the past three years. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improved over the past week After last week's 17% share price gain to NT$33.35, the stock trades at a trailing P/E ratio of 43.3x. Average trailing P/E is 31x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 35% over the past three years. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS NT$0.77 (vs NT$0.11 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$9.38b (down 5.0% from FY 2019). Net income: NT$247.2m (up NT$212.6m from FY 2019). Profit margin: 2.6% (up from 0.4% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Annuncio • Mar 20
Sheng Yu Steel Co., Ltd., Annual General Meeting, Jun 11, 2021 Sheng Yu Steel Co., Ltd., Annual General Meeting, Jun 11, 2021. Is New 90 Day High Low • Dec 16
New 90-day high: NT$22.45 The company is up 18% from its price of NT$19.05 on 17 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 15% over the same period. Is New 90 Day High Low • Nov 27
New 90-day high: NT$19.55 The company is up 11% from its price of NT$17.60 on 28 August 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 15% over the same period. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS NT$0.21 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$2.28b (down 15% from 3Q 2019). Net income: NT$68.2m (up NT$82.2m from 3Q 2019). Profit margin: 3.0% (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 113% 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.