Reported Earnings • May 14
First quarter 2026 earnings released: NT$0.15 loss per share (vs NT$0.029 profit in 1Q 2025) First quarter 2026 results: NT$0.15 loss per share (down from NT$0.029 profit in 1Q 2025). Revenue: NT$7.37m (down 97% from 1Q 2025). Net loss: NT$9.74m (down NT$11.6m from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: NT$3.46 (vs NT$5.83 in FY 2024) Full year 2025 results: EPS: NT$3.46 (down from NT$5.83 in FY 2024). Revenue: NT$2.04b (down 44% from FY 2024). Net income: NT$226.5m (down 41% from FY 2024). Profit margin: 11% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Annuncio • Mar 11
Sheng Yi Development Co.,Ltd, Annual General Meeting, Jun 11, 2026 Sheng Yi Development Co.,Ltd, Annual General Meeting, Jun 11, 2026. Location: 11 floor no,415, sec.2 kung tao 5th rd., hsinchu city Taiwan Reported Earnings • Nov 17
Third quarter 2025 earnings released: NT$0.09 loss per share (vs NT$0.24 loss in 3Q 2024) Third quarter 2025 results: NT$0.09 loss per share (improved from NT$0.24 loss in 3Q 2024). Revenue: NT$13.7m (up NT$13.2m from 3Q 2024). Net loss: NT$6.20m (loss narrowed 60% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Third quarter 2025 earnings released: NT$0.09 loss per share (vs NT$0.24 loss in 3Q 2024) Third quarter 2025 results: NT$0.09 loss per share (improved from NT$0.24 loss in 3Q 2024). Revenue: NT$13.7m (up NT$13.2m from 3Q 2024). Net loss: NT$6.20m (loss narrowed 60% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: NT$3.59 (vs NT$0.11 loss in 2Q 2024) Second quarter 2025 results: EPS: NT$3.59 (up from NT$0.11 loss in 2Q 2024). Revenue: NT$1.74b (up NT$1.74b from 2Q 2024). Net income: NT$235.6m (up NT$242.5m from 2Q 2024). Profit margin: 14% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. 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 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$27.60, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 11x in the Real Estate industry in Taiwan. Total returns to shareholders of 2.2% over the past three years. New Risk • Jul 16
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: Minor Risks High level of debt (125% net debt to equity). Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (7.6% net profit margin). Market cap is less than US$100m (NT$2.18b market cap, or US$74.0m). New Risk • May 18
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 8.7% 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: Minor Risks High level of debt (125% net debt to equity). Share price has been volatile over the past 3 months (8.7% average weekly change). Profit margins are more than 30% lower than last year (7.6% net profit margin). Market cap is less than US$100m (NT$2.49b market cap, or US$82.3m). Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$0.03 (vs NT$2.78 in 1Q 2024) First quarter 2025 results: EPS: NT$0.03 (down from NT$2.78 in 1Q 2024). Revenue: NT$287.0m (down 77% from 1Q 2024). Net income: NT$1.88m (down 99% from 1Q 2024). Profit margin: 0.7% (down from 14% in 1Q 2024). The decrease in margin was driven by lower 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 16% per year, which means it is significantly lagging earnings growth. Annuncio • May 03
Sheng Yi Development Co.,Ltd to Report Q1, 2025 Results on May 12, 2025 Sheng Yi Development Co.,Ltd announced that they will report Q1, 2025 results on May 12, 2025 New Risk • Apr 10
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 8.2% 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (23% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (NT$2.48b market cap, or US$75.6m). Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$38.50, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 12x in the Real Estate industry in Taiwan. Total returns to shareholders of 35% over the past three years. Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: NT$5.83 (vs NT$2.54 in FY 2023) Full year 2024 results: EPS: NT$5.83 (up from NT$2.54 in FY 2023). Revenue: NT$3.62b (up 124% from FY 2023). Net income: NT$382.1m (up 130% from FY 2023). Profit margin: 11% (in line with FY 2023). 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 19% per year, which means it is significantly lagging earnings growth. New Risk • Mar 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.16b (US$95.9m) 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: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Market cap is less than US$100m (NT$3.16b market cap, or US$95.9m). Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to NT$47.90, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 15x in the Basic Materials industry in Taiwan. Total returns to shareholders of 62% over the past three years. Annuncio • Mar 12
Sheng Yi Development Co.,Ltd, Annual General Meeting, Jun 13, 2025 Sheng Yi Development Co.,Ltd, Annual General Meeting, Jun 13, 2025. Location: 11 floor no,415, sec.2 kung tao 5th rd., hsinchu city Taiwan New Risk • Sep 12
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 7.4% 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 Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Reported Earnings • Aug 18
Second quarter 2024 earnings released: NT$0.10 loss per share (vs NT$0.12 loss in 2Q 2023) Second quarter 2024 results: NT$0.10 loss per share (improved from NT$0.12 loss in 2Q 2023). Revenue: NT$558.0k (flat on 2Q 2023). Net loss: NT$6.95m (loss narrowed 9.0% from 2Q 2023). 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 55% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$90.40, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 16x in the Basic Materials industry in Taiwan. Total returns to shareholders of 275% over the past three years. Annuncio • Aug 03
Sheng Yi Development Co.,Ltd to Report Q2, 2024 Results on Aug 12, 2024 Sheng Yi Development Co.,Ltd announced that they will report Q2, 2024 results on Aug 12, 2024 Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$79.10, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 15x in the Basic Materials industry in Taiwan. Total returns to shareholders of 239% over the past three years. New Risk • May 19
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 20% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Earnings have declined by 13% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$57.80, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 16x in the Basic Materials industry in Taiwan. Total returns to shareholders of 150% over the past three years. Annuncio • May 02
Sheng Yi Development Co.,Ltd to Report Q1, 2024 Results on May 09, 2024 Sheng Yi Development Co.,Ltd announced that they will report Q1, 2024 results on May 09, 2024 Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$60.30, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 17x in the Basic Materials industry in Taiwan. Total returns to shareholders of 220% over the past three years. Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: NT$2.54 (vs NT$0.91 in FY 2022) Full year 2023 results: EPS: NT$2.54 (up from NT$0.91 in FY 2022). Revenue: NT$1.62b (up 170% from FY 2022). Net income: NT$166.2m (up 178% from FY 2022). Profit margin: 10% (in line with FY 2022). 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. Annuncio • Mar 14
Sheng Yi Development Co.,Ltd, Annual General Meeting, Jun 13, 2024 Sheng Yi Development Co.,Ltd, Annual General Meeting, Jun 13, 2024. Location: 11F., No.415, Sec.2, Gongdao 5th Rd., East Dist Hsinchu City 300042 , Taiwan (R.O.C.) Meeting Room Hsinchu City Taiwan Agenda: To consider 2023 Business Report; to consider Audit Committee's Review of the 2023 year-end Report; to 2023 Business Report; to Audit Committee's Review of the 2023 year-end Report; to Distribution of Employee and Director Remuneration for 2023; and to discuss other matters. Reported Earnings • Nov 15
Third quarter 2023 earnings released: NT$0.13 loss per share (vs NT$0.27 profit in 3Q 2022) Third quarter 2023 results: NT$0.13 loss per share (down from NT$0.27 profit in 3Q 2022). Net loss: NT$8.55m (down 149% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. New Risk • Aug 14
New major risk - Revenue and earnings growth Earnings have declined by 21% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. Earnings have declined by 21% per year over the past 5 years. Minor Risks Revenue is less than US$5m (NT$104m revenue, or US$3.3m). Market cap is less than US$100m (NT$1.77b market cap, or US$55.5m). Reported Earnings • Aug 14
Second quarter 2023 earnings released: NT$0.12 loss per share (vs NT$0.17 profit in 2Q 2022) Second quarter 2023 results: NT$0.12 loss per share (down from NT$0.17 profit in 2Q 2022). Net loss: NT$7.63m (down 171% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. New Risk • Jul 08
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. High level of non-cash earnings (84% accrual ratio). Minor Risk Market cap is less than US$100m (NT$1.96b market cap, or US$62.6m). Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$27.45, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 11x in the Basic Materials industry in Taiwan. Total loss to shareholders of 6.3% over the past three years. Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS: NT$0.27 (vs NT$0.021 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.27 (up from NT$0.021 in 3Q 2021). Revenue: NT$97.3m (up 462% from 3Q 2021). Net income: NT$17.6m (up NT$16.2m from 3Q 2021). Profit margin: 18% (up from 8.1% in 3Q 2021). The increase in margin 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. Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: NT$0.16 (vs NT$0.097 loss in 2Q 2021) Second quarter 2022 results: EPS: NT$0.16 (up from NT$0.097 loss in 2Q 2021). Revenue: NT$69.9m (up NT$69.4m from 2Q 2021). Net income: NT$10.8m (up NT$17.2m from 2Q 2021). Profit margin: 16% (up from net loss in 2Q 2021). 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 85 percentage points per year, which is a significant difference in performance. Reported Earnings • May 17
First quarter 2022 earnings released: EPS: NT$0.56 (vs NT$0.075 loss in 1Q 2021) First quarter 2022 results: EPS: NT$0.56 (up from NT$0.075 loss in 1Q 2021). Revenue: NT$426.4m (up NT$425.9m from 1Q 2021). Net income: NT$36.7m (up NT$41.6m from 1Q 2021). Profit margin: 8.6% (up from net loss in 1Q 2021). 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 82 percentage points per year, which is a significant difference in performance. Annuncio • Mar 23
Sheng Yi Development Co.,Ltd, Annual General Meeting, Jun 09, 2022 Sheng Yi Development Co.,Ltd, Annual General Meeting, Jun 09, 2022. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS NT$0.02 (vs NT$0.059 loss in 3Q 2020) Third quarter 2021 results: Net income: NT$1.40m (up NT$5.26m from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: NT$0.096 loss per share (vs NT$0.056 loss in 2Q 2020) Second quarter 2021 results: Net loss: NT$6.36m (loss widened 72% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Reported Earnings • May 16
First quarter 2021 earnings released: NT$0.08 loss per share (vs NT$0.028 loss in 1Q 2020) First quarter 2021 results: Net loss: NT$4.92m (loss widened 167% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 30
Full year 2020 earnings released: NT$0.21 loss per share (vs NT$3.11 profit in FY 2019) Full year 2020 results: Net loss: NT$13.7m (down 107% from profit in FY 2019). 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 21% per year, which means it is significantly lagging earnings growth. Annuncio • Mar 20
Sheng Yi Development Co.,Ltd, Annual General Meeting, Jun 11, 2021 Sheng Yi Development Co.,Ltd, Annual General Meeting, Jun 11, 2021. Is New 90 Day High Low • Mar 16
New 90-day high: NT$19.10 The company is up 14% from a price of NT$16.70 on 16 December 2020. Underperformed the Taiwanese market, which is up 15% over the last 90 days. Exceeded the Basic Materials industry, which is up 1.0% over the same period. Is New 90 Day High Low • Jan 08
New 90-day high: NT$18.20 The company is up 2.0% from its price of NT$17.80 on 06 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 4.0% over the same period. Is New 90 Day High Low • Dec 23
New 90-day low: NT$16.10 The company is down 5.0% from its price of NT$17.00 on 22 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 3.0% over the same period.