Reported Earnings • May 11
First quarter 2026 earnings released: EPS: NT$0.49 (vs NT$0.19 in 1Q 2025) First quarter 2026 results: EPS: NT$0.49 (up from NT$0.19 in 1Q 2025). Revenue: NT$783.7m (up 2.0% from 1Q 2025). Net income: NT$64.0m (up 159% from 1Q 2025). Profit margin: 8.2% (up from 3.2% in 1Q 2025). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 09
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 16 April 2026. Payment date: 20 May 2026. Payout ratio and cash payout ratio are on the higher end at 89% and 92% respectively. Trailing yield: 2.9%. Lower than top quartile of Taiwanese dividend payers (5.1%). In line with average of industry peers (2.9%). Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: NT$0.56 (vs NT$0.45 in FY 2024) Full year 2025 results: EPS: NT$0.56 (up from NT$0.45 in FY 2024). Revenue: NT$3.04b (up 2.4% from FY 2024). Net income: NT$73.1m (up 24% from FY 2024). Profit margin: 2.4% (up from 2.0% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Annuncio • Mar 12
Sinkang Industries Co., Ltd., Annual General Meeting, Jun 18, 2026 Sinkang Industries Co., Ltd., Annual General Meeting, Jun 18, 2026. Location: no,119, min sheng rd., dayuan dist., taoyuan city Taiwan New Risk • Nov 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% 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 Earnings have declined by 31% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.79b market cap, or US$57.5m). Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: NT$0.25 (vs NT$0.012 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.25 (up from NT$0.012 in 3Q 2024). Revenue: NT$819.1m (up 11% from 3Q 2024). Net income: NT$32.4m (up NT$30.9m from 3Q 2024). Profit margin: 4.0% (up from 0.2% in 3Q 2024). 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 9% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 08
Second quarter 2025 earnings released: NT$0.07 loss per share (vs NT$0.19 profit in 2Q 2024) Second quarter 2025 results: NT$0.07 loss per share (down from NT$0.19 profit in 2Q 2024). Revenue: NT$752.8m (up 2.8% from 2Q 2024). Net loss: NT$8.96m (down 137% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 20
Upcoming dividend of NT$0.38 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 12 August 2025. Payout ratio is a comfortable 73% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.3%). Reported Earnings • May 08
First quarter 2025 earnings released: EPS: NT$0.19 (vs NT$0.13 in 1Q 2024) First quarter 2025 results: EPS: NT$0.19 (up from NT$0.13 in 1Q 2024). Revenue: NT$768.1m (up 15% from 1Q 2024). Net income: NT$24.7m (up 48% from 1Q 2024). Profit margin: 3.2% (up from 2.5% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Annuncio • Apr 30
Sinkang Industries Co., Ltd. to Report Q1, 2025 Results on May 07, 2025 Sinkang Industries Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$15.15, the stock trades at a trailing P/E ratio of 33.4x. Average trailing P/E is 19x in the Metals and Mining industry in Taiwan. Total loss to shareholders of 52% over the past three years. New Risk • Mar 21
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Risk Earnings have declined by 26% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (NT$2.65b market cap, or US$80.2m). New Risk • Mar 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.8% average weekly change). Earnings have declined by 26% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$2.64b market cap, or US$80.0m). Reported Earnings • Mar 14
Full year 2024 earnings released: EPS: NT$0.45 (vs NT$0.16 loss in FY 2023) Full year 2024 results: EPS: NT$0.45 (up from NT$0.16 loss in FY 2023). Revenue: NT$2.97b (up 3.7% from FY 2023). Net income: NT$59.1m (up NT$79.9m from FY 2023). Profit margin: 2.0% (up from net loss in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Annuncio • Mar 13
Sinkang Industries Co., Ltd., Annual General Meeting, Jun 11, 2025 Sinkang Industries Co., Ltd., Annual General Meeting, Jun 11, 2025. Location: no,119, min sheng rd., dayuan dist., taoyuan city Taiwan New Risk • Feb 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 24% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (NT$2.30b market cap, or US$70.4m). Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$16.05, the stock trades at a trailing P/E ratio of 61.6x. Average trailing P/E is 18x in the Metals and Mining industry in Taiwan. Total loss to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$14.15, the stock trades at a trailing P/E ratio of 54.3x. Average trailing P/E is 17x in the Metals and Mining industry in Taiwan. Total loss to shareholders of 29% over the past three years. Reported Earnings • Nov 09
Third quarter 2024 earnings released: EPS: NT$0.01 (vs NT$0.064 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.01 (down from NT$0.064 in 3Q 2023). Revenue: NT$739.2m (up 2.0% from 3Q 2023). Net income: NT$1.50m (down 82% from 3Q 2023). Profit margin: 0.2% (down from 1.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$17.15, the stock trades at a trailing P/E ratio of 54.9x. Average trailing P/E is 20x in the Metals and Mining industry in Taiwan. Total loss to shareholders of 28% over the past three years. Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: NT$0.19 (vs NT$0.098 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.19 (up from NT$0.098 loss in 2Q 2023). Revenue: NT$732.3m (up 7.8% from 2Q 2023). Net income: NT$24.5m (up NT$37.3m from 2Q 2023). Profit margin: 3.3% (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 72 percentage points per year, which is a significant difference in performance. Annuncio • Aug 07
Sinkang Industries Co., Ltd. to Report Q2, 2024 Results on Aug 08, 2024 Sinkang Industries Co., Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024 Annuncio • May 02
Sinkang Industries Co., Ltd. to Report Q1, 2024 Results on May 09, 2024 Sinkang Industries Co., Ltd. announced that they will report Q1, 2024 results on May 09, 2024 Reported Earnings • Mar 20
Full year 2023 earnings released: NT$0.16 loss per share (vs NT$0.29 profit in FY 2022) Full year 2023 results: NT$0.16 loss per share (down from NT$0.29 profit in FY 2022). Revenue: NT$2.86b (down 15% from FY 2022). Net loss: NT$20.8m (down 155% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Annuncio • Mar 16
Sinkang Industries Co., Ltd., Annual General Meeting, Jun 21, 2024 Sinkang Industries Co., Ltd., Annual General Meeting, Jun 21, 2024. Location: No.119, Minsheng Road, Dayuan Industrial Zone Dayuan District Tao Yuan City Taiwan Agenda: To consider 2023 Business Report; to consider 2023 Financial Statements Audit Report by the Audit Committee; to consider 2023 Cash Dividend Distribution Proposal; to consider 2023 Employee Profit Sharing and Director Compensation Report; to consider Other Reports; to consider 2023 Business Report and Financial Statements; to consider 2023 Cash Dividend Distribution Proposal; and to consider Re-election of Directors (including Independent Directors) of the Company. Reported Earnings • Aug 15
Second quarter 2023 earnings released: NT$0.10 loss per share (vs NT$0.27 loss in 2Q 2022) Second quarter 2023 results: NT$0.10 loss per share (improved from NT$0.27 loss in 2Q 2022). Revenue: NT$679.2m (down 11% from 2Q 2022). Net loss: NT$12.8m (loss narrowed 63% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 06
Upcoming dividend of NT$0.20 per share at 1.1% yield Eligible shareholders must have bought the stock before 13 July 2023. Payment date: 03 August 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 1.1%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (3.8%). Reported Earnings • Nov 06
Third quarter 2022 earnings released: EPS: NT$0.10 (vs NT$0.43 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.10 (down from NT$0.43 in 3Q 2021). Revenue: NT$805.8m (down 7.2% from 3Q 2021). Net income: NT$12.6m (down 78% from 3Q 2021). Profit margin: 1.6% (down from 6.5% in 3Q 2021). The decrease in margin was driven by lower 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 • Aug 07
Second quarter 2022 earnings released: NT$0.27 loss per share (vs NT$0.48 profit in 2Q 2021) Second quarter 2022 results: NT$0.27 loss per share (down from NT$0.48 profit in 2Q 2021). Revenue: NT$763.0m (down 13% from 2Q 2021). Net loss: NT$34.6m (down 155% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$18.70, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 8x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 143% over the past three years. Upcoming Dividend • Jun 22
Upcoming dividend of NT$1.18 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 22 July 2022. Payout ratio is on the higher end at 90%, and the cash payout ratio is above 100%. Trailing yield: 5.2%. Lower than top quartile of Taiwanese dividend payers (6.2%). Lower than average of industry peers (8.2%). Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: NT$0.41 (up from NT$0.38 in 1Q 2021). Revenue: NT$1.04b (up 21% from 1Q 2021). Net income: NT$53.3m (up 8.3% from 1Q 2021). Profit margin: 5.1% (down from 5.7% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS NT$0.44 (vs NT$0.24 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: NT$868.4m (flat on 3Q 2020). Net income: NT$56.5m (up 78% from 3Q 2020). Profit margin: 6.5% (up from 3.6% in 3Q 2020). 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 37% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$28.70, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 17x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 211% over the past three years. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$0.47 (vs NT$0.18 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$876.0m (up 15% from 2Q 2020). Net income: NT$62.4m (up 170% from 2Q 2020). Profit margin: 7.1% (up from 3.0% 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 56% per year whereas the company’s share price has increased by 51% per year. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improved over the past week After last week's 25% share price gain to NT$42.30, the stock trades at a trailing P/E ratio of 46.2x. Average trailing P/E is 32x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 358% over the past three years. Upcoming Dividend • Jul 13
Upcoming dividend of NT$0.53 per share Eligible shareholders must have bought the stock before 20 July 2021. Payment date: 18 August 2021. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (5.0%). In line with average of industry peers (1.4%). Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 20% share price gain to NT$24.95, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 25x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 168% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 16% share price gain to NT$20.85, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 21x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 115% 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 19% share price decline to NT$16.95, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 22x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 75% over the past three years. Reported Earnings • May 09
First quarter 2021 earnings released: EPS NT$0.38 (vs NT$0.043 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$859.1m (up 15% from 1Q 2020). Net income: NT$49.2m (up NT$43.5m from 1Q 2020). Profit margin: 5.7% (up from 0.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improved over the past week After last week's 21% share price gain to NT$17.10, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 28x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 77% over the past three years. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS NT$0.58 (vs NT$0.36 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$3.27b (up 15% from FY 2019). Net income: NT$76.0m (up 60% from FY 2019). Profit margin: 2.3% (up from 1.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improved over the past week After last week's 25% share price gain to NT$15.55, the stock is trading at a trailing P/E ratio of 31.6x, up from the previous P/E ratio of 25.2x. This compares to an average P/E of 25x in the Metals and Mining industry in Taiwan. Total returns to shareholders over the past three years are 48%. Is New 90 Day High Low • Dec 30
New 90-day high: NT$15.45 The company is up 63% from its price of NT$9.50 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 24% over the same period. Is New 90 Day High Low • Dec 11
New 90-day high: NT$12.55 The company is up 24% from its price of NT$10.15 on 11 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 14% over the same period. Valuation Update With 7 Day Price Move • Nov 30
Market bids up stock over the past week After last week's 17% share price gain to NT$12.50, the stock is trading at a trailing P/E ratio of 25.4x, up from the previous P/E ratio of 21.8x. This compares to an average P/E of 23x in the Metals and Mining industry in Taiwan. Total returns to shareholders over the past three years are 33%. Is New 90 Day High Low • Nov 26
New 90-day high: NT$11.45 The company is up 24% from its price of NT$9.26 on 28 August 2020. The Taiwanese market is up 7.0% 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. Reported Earnings • Nov 08
Third quarter 2020 earnings released: EPS NT$0.24 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$873.3m (up 17% from 3Q 2019). Net income: NT$31.8m (up 31% from 3Q 2019). Profit margin: 3.6% (up from 3.2% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.