Trinity Precision Technology（4534）株式概要トリニティ・プレシジョン・テクノロジー社は、主に台湾で粉末冶金部品とギアボックスの設計、製造、販売を行っている。 詳細4534 ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長0/6過去の実績1/6財務の健全性3/6配当金0/6リスク分析利益率(0.2%)は昨年より低い(2.4%) 財務結果に影響を与える大きな一時的項目 意味のある時価総額がありません ( NT$2B )TW市場と比較した過去 3 か月間の株価の変動すべてのリスクチェックを見る4534 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNT$Current PriceNT$22.60149.7% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-148m2b2016201920222025202620282031Revenue NT$472.5mEarnings NT$747.0kAdvancedSet Fair ValueView all narrativesTrinity Precision Technology Co., Ltd. 競合他社De Poan PneumaticSymbol: TPEX:1570Market cap: NT$2.0bWalrus PumpSymbol: TPEX:6982Market cap: NT$2.1bTachia Yung Ho Machine IndustrySymbol: TPEX:2221Market cap: NT$2.0bSpec ProductsSymbol: TPEX:7718Market cap: NT$2.2b価格と性能株価の高値、安値、推移の概要Trinity Precision Technology過去の株価現在の株価NT$22.6052週高値NT$32.3052週安値NT$13.70ベータ1.111ヶ月の変化-14.07%3ヶ月変化3.91%1年変化13.00%3年間の変化128.28%5年間の変化73.85%IPOからの変化-29.84%最新ニュースNew Risk • Mar 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 103% 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 Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Market cap is less than US$100m (NT$2.20b market cap, or US$68.6m).お知らせ • Mar 13Trinity Precision Technology Co., Ltd., Annual General Meeting, Jun 23, 2026Trinity Precision Technology Co., Ltd., Annual General Meeting, Jun 23, 2026. Location: 2 floor no,106, kung yuan rd., jhunan township, miaoli county TaiwanReported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$0.01 (vs NT$0.23 in FY 2024)Full year 2025 results: EPS: NT$0.01 (down from NT$0.23 in FY 2024). Revenue: NT$821.0m (down 2.4% from FY 2024). Net income: NT$1.30m (down 94% from FY 2024). Profit margin: 0.2% (down from 2.4% in FY 2024). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth.New Risk • Feb 25New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 9.3% 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 (9.3% average weekly change). Earnings have declined by 7.1% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$2.50b market cap, or US$79.9m).New Risk • Jan 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.9% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.1% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (NT$1.89b market cap, or US$59.7m).Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$0.002 (vs NT$0.082 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.002 (up from NT$0.082 loss in 3Q 2024). Revenue: NT$219.4m (up 3.6% from 3Q 2024). Net income: NT$200.0k (up NT$7.33m from 3Q 2024). Profit margin: 0.1% (up from net loss in 3Q 2024). 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 21% per year, which means it is significantly lagging earnings growth.最新情報をもっと見るRecent updatesNew Risk • Mar 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 103% 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 Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Market cap is less than US$100m (NT$2.20b market cap, or US$68.6m).お知らせ • Mar 13Trinity Precision Technology Co., Ltd., Annual General Meeting, Jun 23, 2026Trinity Precision Technology Co., Ltd., Annual General Meeting, Jun 23, 2026. Location: 2 floor no,106, kung yuan rd., jhunan township, miaoli county TaiwanReported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$0.01 (vs NT$0.23 in FY 2024)Full year 2025 results: EPS: NT$0.01 (down from NT$0.23 in FY 2024). Revenue: NT$821.0m (down 2.4% from FY 2024). Net income: NT$1.30m (down 94% from FY 2024). Profit margin: 0.2% (down from 2.4% in FY 2024). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth.New Risk • Feb 25New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 9.3% 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 (9.3% average weekly change). Earnings have declined by 7.1% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$2.50b market cap, or US$79.9m).New Risk • Jan 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.9% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.1% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (NT$1.89b market cap, or US$59.7m).Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$0.002 (vs NT$0.082 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.002 (up from NT$0.082 loss in 3Q 2024). Revenue: NT$219.4m (up 3.6% from 3Q 2024). Net income: NT$200.0k (up NT$7.33m from 3Q 2024). Profit margin: 0.1% (up from net loss in 3Q 2024). 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 21% per year, which means it is significantly lagging earnings growth.Board Change • Oct 19Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Jun Hua Lian was the last independent director to join the board, commencing their role in 2020. 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 • Aug 15Second quarter 2025 earnings released: NT$0.38 loss per share (vs NT$0.096 profit in 2Q 2024)Second quarter 2025 results: NT$0.38 loss per share (down from NT$0.096 profit in 2Q 2024). Revenue: NT$179.4m (down 16% from 2Q 2024). Net loss: NT$32.7m (down 491% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 15First quarter 2025 earnings released: NT$0.16 loss per share (vs NT$0.082 profit in 1Q 2024)First quarter 2025 results: NT$0.16 loss per share (down from NT$0.082 profit in 1Q 2024). Revenue: NT$195.6m (up 1.7% from 1Q 2024). Net loss: NT$14.0m (down 296% from profit in 1Q 2024). 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 27% per year, which means it is significantly lagging earnings growth.お知らせ • May 01Trinity Precision Technology Co., Ltd. to Report Q1, 2025 Results on May 12, 2025Trinity Precision Technology Co., Ltd. announced that they will report Q1, 2025 results on May 12, 2025Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$18.10, the stock trades at a trailing P/E ratio of 78.4x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 47% over the past three years.Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$0.23 (vs NT$1.53 loss in FY 2023)Full year 2024 results: EPS: NT$0.23 (up from NT$1.53 loss in FY 2023). Revenue: NT$841.2m (up 21% from FY 2023). Net income: NT$20.0m (up NT$152.5m from FY 2023). Profit margin: 2.4% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 14Trinity Precision Technology Co., Ltd., Annual General Meeting, Jun 19, 2025Trinity Precision Technology Co., Ltd., Annual General Meeting, Jun 19, 2025, at 10:00 Taipei Standard Time. Location: no,134, toufen city, miaoli county TaiwanReported Earnings • Nov 17Third quarter 2024 earnings released: NT$0.08 loss per share (vs NT$0.14 loss in 3Q 2023)Third quarter 2024 results: NT$0.08 loss per share (improved from NT$0.14 loss in 3Q 2023). Revenue: NT$211.8m (up 27% from 3Q 2023). Net loss: NT$7.13m (loss narrowed 39% from 3Q 2023). 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 17% per year, which means it is well ahead of earnings.Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.10 (vs NT$0.48 loss in 2Q 2023)Second quarter 2024 results: EPS: NT$0.10 (up from NT$0.48 loss in 2Q 2023). Revenue: NT$212.8m (up 23% from 2Q 2023). Net income: NT$8.34m (up NT$50.1m from 2Q 2023). Profit margin: 3.9% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.お知らせ • Aug 02Trinity Precision Technology Co., Ltd. to Report Q2, 2024 Results on Aug 13, 2024Trinity Precision Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 13, 2024Board Change • Aug 01Insufficient new directorsNo 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. Independent Director Jun Hua Lian was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • May 11Trinity Precision Technology Co., Ltd. to Report Q1, 2024 Results on May 13, 2024Trinity Precision Technology Co., Ltd. announced that they will report Q1, 2024 results on May 13, 2024New Risk • Apr 11New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.4% 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 (8.4% average weekly change). Earnings have declined by 48% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.08b market cap, or US$33.4m).Reported Earnings • Mar 13Full year 2023 earnings released: NT$1.53 loss per share (vs NT$1.71 loss in FY 2022)Full year 2023 results: NT$1.53 loss per share (improved from NT$1.71 loss in FY 2022). Revenue: NT$696.1m (down 20% from FY 2022). Net loss: NT$132.4m (loss narrowed 11% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.お知らせ • Mar 12Trinity Precision Technology Co., Ltd., Annual General Meeting, Jun 25, 2024Trinity Precision Technology Co., Ltd., Annual General Meeting, Jun 25, 2024, at 10:00 Taipei Standard Time. Location: No. 134, Neighbor 13, Tianliaoli Miaoli County (Yongzhen Palace Activity Center) Toufen City Taiwan Agenda: To approve 2023 Annual Operating Status Report; to approve the Audit Committee review of the 2022 financial statements and report; to approve Report on Mainland China Investment situation is hereby submitted for resolution; and to approve the Company's Directors Remuneration Report for 2023.Reported Earnings • Nov 15Third quarter 2023 earnings released: NT$0.14 loss per share (vs NT$0.22 loss in 3Q 2022)Third quarter 2023 results: NT$0.14 loss per share (improved from NT$0.22 loss in 3Q 2022). Revenue: NT$166.7m (down 20% from 3Q 2022). Net loss: NT$11.8m (loss narrowed 39% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 11Second quarter 2023 earnings released: NT$0.48 loss per share (vs NT$0.11 loss in 2Q 2022)Second quarter 2023 results: NT$0.48 loss per share (further deteriorated from NT$0.11 loss in 2Q 2022). Revenue: NT$172.5m (down 28% from 2Q 2022). Net loss: NT$41.7m (loss widened 322% from 2Q 2022). 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.Reported Earnings • Mar 09Full year 2022 earnings released: NT$1.71 loss per share (vs NT$0.59 profit in FY 2021)Full year 2022 results: NT$1.71 loss per share (down from NT$0.59 profit in FY 2021). Revenue: NT$872.6m (down 28% from FY 2021). Net loss: NT$148.3m (down 388% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.Buying Opportunity • Feb 10Now 20% undervaluedOver the last 90 days, the stock is up 2.3%. The fair value is estimated to be NT$11.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.7% over the last 3 years. Meanwhile, the company became loss making.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Zheng Xue Yang was the last independent director to join the board, commencing their role in 2020. 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 13Third quarter 2022 earnings released: NT$0.22 loss per share (vs NT$0.36 profit in 3Q 2021)Third quarter 2022 results: NT$0.22 loss per share (down from NT$0.36 profit in 3Q 2021). Revenue: NT$208.7m (down 36% from 3Q 2021). Net loss: NT$19.2m (down 161% from profit in 3Q 2021). 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 4% per year, which means it is well ahead of earnings.Reported Earnings • Aug 15Second quarter 2022 earnings released: NT$0.11 loss per share (vs NT$0.29 profit in 2Q 2021)Second quarter 2022 results: NT$0.11 loss per share (down from NT$0.29 profit in 2Q 2021). Revenue: NT$238.4m (down 30% from 2Q 2021). Net loss: NT$9.90m (down 139% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Zheng Xue Yang was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Dec 30Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$14.40, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 54% over the past three years.Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.37 (vs NT$0.13 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$326.5m (up 13% from 3Q 2020). Net income: NT$31.7m (up NT$43.0m from 3Q 2020). Profit margin: 9.7% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 8% per year.Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS NT$0.29 (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$338.9m (up 45% from 2Q 2020). Net income: NT$25.1m (up NT$39.8m from 2Q 2020). Profit margin: 7.4% (up from net loss in 2Q 2020). 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 68 percentage points per year, which is a significant difference in performance.Reported Earnings • May 14First quarter 2021 earnings released: EPS NT$0.33 (vs NT$0.16 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$310.6m (up 23% from 1Q 2020). Net income: NT$28.8m (up NT$42.7m from 1Q 2020). Profit margin: 9.3% (up from net loss in 1Q 2020). 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 105 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 24Full year 2020 earnings released: NT$0.72 loss per share (vs NT$0.24 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: NT$1.10b (down 15% from FY 2019). Net loss: NT$62.1m (loss widened 204% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 119 percentage points per year, which is a significant difference in performance.分析記事 • Feb 18Trinity Precision Technology (GTSM:4534) Is Making Moderate Use Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Is New 90 Day High Low • Feb 18New 90-day high: NT$9.85The company is up 15% from its price of NT$8.58 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Machinery industry, which is also up 15% over the same period.Is New 90 Day High Low • Jan 04New 90-day high: NT$9.42The company is up 16% from its price of NT$8.13 on 07 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 18% over the same period.Reported Earnings • Nov 14Third quarter 2020 earnings released: NT$0.13 loss per shareThe company reported a solid third quarter result with reduced losses and improved control over expenses, although revenues were flat. Third quarter 2020 results: Revenue: NT$288.4m (flat on 3Q 2019). Net loss: NT$11.3m (loss narrowed 5.3% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 128% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Sep 25New 90-day high: NT$8.69The company is up 16% from its price of NT$7.52 on 24 June 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 4.0% over the same period.株主還元4534TW MachineryTW 市場7D-2.0%1.5%-0.9%1Y13.0%65.9%88.1%株主還元を見る業界別リターン: 4534過去 1 年間で65.9 % の収益を上げたTW Machinery業界を下回りました。リターン対市場: 4534は、過去 1 年間で88.1 % のリターンを上げたTW市場を下回りました。価格変動Is 4534's price volatile compared to industry and market?4534 volatility4534 Average Weekly Movement11.0%Machinery Industry Average Movement7.2%Market Average Movement6.2%10% most volatile stocks in TW Market12.2%10% least volatile stocks in TW Market2.5%安定した株価: 4534の株価は、 TW市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 4534の weekly volatility ( 11% ) は過去 1 年間安定していますが、依然としてTWの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1993n/aThomas Wangwww.trinity-ptc.comトリニティ精密技術有限公司は、主に台湾で粉末冶金部品とギアボックスを設計、製造、販売している。同社の製品は、電動工具、ローラー、床洗浄機、家電製品、ハンドツール、電子機器、スポーツ機器、ガーデンツール、自動収納/検索システム、自動車、オートバイ、E-bikeのオートシフトアプリケーション、ミシン、マッサージガン、3Cなどに使用されている。同社は1993年に設立され、台湾の頭份に本社を置いている。もっと見るTrinity Precision Technology Co., Ltd. 基礎のまとめTrinity Precision Technology の収益と売上を時価総額と比較するとどうか。4534 基礎統計学時価総額NT$1.98b収益（TTM）NT$1.30m売上高(TTM)NT$821.00m1,511xPER（株価収益率2.4xP/Sレシオ4534 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計4534 損益計算書（TTM）収益NT$821.00m売上原価NT$711.64m売上総利益NT$109.36mその他の費用NT$108.06m収益NT$1.30m直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）0.015グロス・マージン13.32%純利益率0.16%有利子負債／自己資本比率59.3%4534 の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/18 13:34終値2026/05/18 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Trinity Precision Technology Co., Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
New Risk • Mar 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 103% 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 Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Market cap is less than US$100m (NT$2.20b market cap, or US$68.6m).
お知らせ • Mar 13Trinity Precision Technology Co., Ltd., Annual General Meeting, Jun 23, 2026Trinity Precision Technology Co., Ltd., Annual General Meeting, Jun 23, 2026. Location: 2 floor no,106, kung yuan rd., jhunan township, miaoli county Taiwan
Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$0.01 (vs NT$0.23 in FY 2024)Full year 2025 results: EPS: NT$0.01 (down from NT$0.23 in FY 2024). Revenue: NT$821.0m (down 2.4% from FY 2024). Net income: NT$1.30m (down 94% from FY 2024). Profit margin: 0.2% (down from 2.4% in FY 2024). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth.
New Risk • Feb 25New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 9.3% 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 (9.3% average weekly change). Earnings have declined by 7.1% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$2.50b market cap, or US$79.9m).
New Risk • Jan 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.9% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.1% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (NT$1.89b market cap, or US$59.7m).
Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$0.002 (vs NT$0.082 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.002 (up from NT$0.082 loss in 3Q 2024). Revenue: NT$219.4m (up 3.6% from 3Q 2024). Net income: NT$200.0k (up NT$7.33m from 3Q 2024). Profit margin: 0.1% (up from net loss in 3Q 2024). 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 21% per year, which means it is significantly lagging earnings growth.
New Risk • Mar 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 103% 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 Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Market cap is less than US$100m (NT$2.20b market cap, or US$68.6m).
お知らせ • Mar 13Trinity Precision Technology Co., Ltd., Annual General Meeting, Jun 23, 2026Trinity Precision Technology Co., Ltd., Annual General Meeting, Jun 23, 2026. Location: 2 floor no,106, kung yuan rd., jhunan township, miaoli county Taiwan
Reported Earnings • Mar 13Full year 2025 earnings released: EPS: NT$0.01 (vs NT$0.23 in FY 2024)Full year 2025 results: EPS: NT$0.01 (down from NT$0.23 in FY 2024). Revenue: NT$821.0m (down 2.4% from FY 2024). Net income: NT$1.30m (down 94% from FY 2024). Profit margin: 0.2% (down from 2.4% in FY 2024). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth.
New Risk • Feb 25New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 9.3% 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 (9.3% average weekly change). Earnings have declined by 7.1% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$2.50b market cap, or US$79.9m).
New Risk • Jan 23New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.9% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.1% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (NT$1.89b market cap, or US$59.7m).
Reported Earnings • Nov 12Third quarter 2025 earnings released: EPS: NT$0.002 (vs NT$0.082 loss in 3Q 2024)Third quarter 2025 results: EPS: NT$0.002 (up from NT$0.082 loss in 3Q 2024). Revenue: NT$219.4m (up 3.6% from 3Q 2024). Net income: NT$200.0k (up NT$7.33m from 3Q 2024). Profit margin: 0.1% (up from net loss in 3Q 2024). 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 21% per year, which means it is significantly lagging earnings growth.
Board Change • Oct 19Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Jun Hua Lian was the last independent director to join the board, commencing their role in 2020. 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 • Aug 15Second quarter 2025 earnings released: NT$0.38 loss per share (vs NT$0.096 profit in 2Q 2024)Second quarter 2025 results: NT$0.38 loss per share (down from NT$0.096 profit in 2Q 2024). Revenue: NT$179.4m (down 16% from 2Q 2024). Net loss: NT$32.7m (down 491% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 15First quarter 2025 earnings released: NT$0.16 loss per share (vs NT$0.082 profit in 1Q 2024)First quarter 2025 results: NT$0.16 loss per share (down from NT$0.082 profit in 1Q 2024). Revenue: NT$195.6m (up 1.7% from 1Q 2024). Net loss: NT$14.0m (down 296% from profit in 1Q 2024). 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 27% per year, which means it is significantly lagging earnings growth.
お知らせ • May 01Trinity Precision Technology Co., Ltd. to Report Q1, 2025 Results on May 12, 2025Trinity Precision Technology Co., Ltd. announced that they will report Q1, 2025 results on May 12, 2025
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to NT$18.10, the stock trades at a trailing P/E ratio of 78.4x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 47% over the past three years.
Reported Earnings • Mar 19Full year 2024 earnings released: EPS: NT$0.23 (vs NT$1.53 loss in FY 2023)Full year 2024 results: EPS: NT$0.23 (up from NT$1.53 loss in FY 2023). Revenue: NT$841.2m (up 21% from FY 2023). Net income: NT$20.0m (up NT$152.5m from FY 2023). Profit margin: 2.4% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 14Trinity Precision Technology Co., Ltd., Annual General Meeting, Jun 19, 2025Trinity Precision Technology Co., Ltd., Annual General Meeting, Jun 19, 2025, at 10:00 Taipei Standard Time. Location: no,134, toufen city, miaoli county Taiwan
Reported Earnings • Nov 17Third quarter 2024 earnings released: NT$0.08 loss per share (vs NT$0.14 loss in 3Q 2023)Third quarter 2024 results: NT$0.08 loss per share (improved from NT$0.14 loss in 3Q 2023). Revenue: NT$211.8m (up 27% from 3Q 2023). Net loss: NT$7.13m (loss narrowed 39% from 3Q 2023). 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 17% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: NT$0.10 (vs NT$0.48 loss in 2Q 2023)Second quarter 2024 results: EPS: NT$0.10 (up from NT$0.48 loss in 2Q 2023). Revenue: NT$212.8m (up 23% from 2Q 2023). Net income: NT$8.34m (up NT$50.1m from 2Q 2023). Profit margin: 3.9% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.
お知らせ • Aug 02Trinity Precision Technology Co., Ltd. to Report Q2, 2024 Results on Aug 13, 2024Trinity Precision Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 13, 2024
Board Change • Aug 01Insufficient new directorsNo 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. Independent Director Jun Hua Lian was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • May 11Trinity Precision Technology Co., Ltd. to Report Q1, 2024 Results on May 13, 2024Trinity Precision Technology Co., Ltd. announced that they will report Q1, 2024 results on May 13, 2024
New Risk • Apr 11New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.4% 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 (8.4% average weekly change). Earnings have declined by 48% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.08b market cap, or US$33.4m).
Reported Earnings • Mar 13Full year 2023 earnings released: NT$1.53 loss per share (vs NT$1.71 loss in FY 2022)Full year 2023 results: NT$1.53 loss per share (improved from NT$1.71 loss in FY 2022). Revenue: NT$696.1m (down 20% from FY 2022). Net loss: NT$132.4m (loss narrowed 11% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 12Trinity Precision Technology Co., Ltd., Annual General Meeting, Jun 25, 2024Trinity Precision Technology Co., Ltd., Annual General Meeting, Jun 25, 2024, at 10:00 Taipei Standard Time. Location: No. 134, Neighbor 13, Tianliaoli Miaoli County (Yongzhen Palace Activity Center) Toufen City Taiwan Agenda: To approve 2023 Annual Operating Status Report; to approve the Audit Committee review of the 2022 financial statements and report; to approve Report on Mainland China Investment situation is hereby submitted for resolution; and to approve the Company's Directors Remuneration Report for 2023.
Reported Earnings • Nov 15Third quarter 2023 earnings released: NT$0.14 loss per share (vs NT$0.22 loss in 3Q 2022)Third quarter 2023 results: NT$0.14 loss per share (improved from NT$0.22 loss in 3Q 2022). Revenue: NT$166.7m (down 20% from 3Q 2022). Net loss: NT$11.8m (loss narrowed 39% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 11Second quarter 2023 earnings released: NT$0.48 loss per share (vs NT$0.11 loss in 2Q 2022)Second quarter 2023 results: NT$0.48 loss per share (further deteriorated from NT$0.11 loss in 2Q 2022). Revenue: NT$172.5m (down 28% from 2Q 2022). Net loss: NT$41.7m (loss widened 322% from 2Q 2022). 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.
Reported Earnings • Mar 09Full year 2022 earnings released: NT$1.71 loss per share (vs NT$0.59 profit in FY 2021)Full year 2022 results: NT$1.71 loss per share (down from NT$0.59 profit in FY 2021). Revenue: NT$872.6m (down 28% from FY 2021). Net loss: NT$148.3m (down 388% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
Buying Opportunity • Feb 10Now 20% undervaluedOver the last 90 days, the stock is up 2.3%. The fair value is estimated to be NT$11.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.7% over the last 3 years. Meanwhile, the company became loss making.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Zheng Xue Yang was the last independent director to join the board, commencing their role in 2020. 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 13Third quarter 2022 earnings released: NT$0.22 loss per share (vs NT$0.36 profit in 3Q 2021)Third quarter 2022 results: NT$0.22 loss per share (down from NT$0.36 profit in 3Q 2021). Revenue: NT$208.7m (down 36% from 3Q 2021). Net loss: NT$19.2m (down 161% from profit in 3Q 2021). 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 4% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 15Second quarter 2022 earnings released: NT$0.11 loss per share (vs NT$0.29 profit in 2Q 2021)Second quarter 2022 results: NT$0.11 loss per share (down from NT$0.29 profit in 2Q 2021). Revenue: NT$238.4m (down 30% from 2Q 2021). Net loss: NT$9.90m (down 139% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Zheng Xue Yang was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Dec 30Investor sentiment improved over the past weekAfter last week's 16% share price gain to NT$14.40, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 54% over the past three years.
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS NT$0.37 (vs NT$0.13 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$326.5m (up 13% from 3Q 2020). Net income: NT$31.7m (up NT$43.0m from 3Q 2020). Profit margin: 9.7% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 8% per year.
Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS NT$0.29 (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$338.9m (up 45% from 2Q 2020). Net income: NT$25.1m (up NT$39.8m from 2Q 2020). Profit margin: 7.4% (up from net loss in 2Q 2020). 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 68 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 14First quarter 2021 earnings released: EPS NT$0.33 (vs NT$0.16 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$310.6m (up 23% from 1Q 2020). Net income: NT$28.8m (up NT$42.7m from 1Q 2020). Profit margin: 9.3% (up from net loss in 1Q 2020). 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 105 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 24Full year 2020 earnings released: NT$0.72 loss per share (vs NT$0.24 loss in FY 2019)The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: NT$1.10b (down 15% from FY 2019). Net loss: NT$62.1m (loss widened 204% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 119 percentage points per year, which is a significant difference in performance.
分析記事 • Feb 18Trinity Precision Technology (GTSM:4534) Is Making Moderate Use Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Is New 90 Day High Low • Feb 18New 90-day high: NT$9.85The company is up 15% from its price of NT$8.58 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Machinery industry, which is also up 15% over the same period.
Is New 90 Day High Low • Jan 04New 90-day high: NT$9.42The company is up 16% from its price of NT$8.13 on 07 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 18% over the same period.
Reported Earnings • Nov 14Third quarter 2020 earnings released: NT$0.13 loss per shareThe company reported a solid third quarter result with reduced losses and improved control over expenses, although revenues were flat. Third quarter 2020 results: Revenue: NT$288.4m (flat on 3Q 2019). Net loss: NT$11.3m (loss narrowed 5.3% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 128% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Sep 25New 90-day high: NT$8.69The company is up 16% from its price of NT$7.52 on 24 June 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 4.0% over the same period.
