Rechi Precision（4532）株式概要Rechi Precision Co., Ltd.は子会社とともに、冷媒コンプレッサーの組立、加工、製造、修理、貿易、設計サービスを世界各地で行っている。 詳細4532 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績2/6財務の健全性6/6配当金4/6報酬株価収益率（ 15.9 x） TW市場（ 23.2 x）を下回っています。リスク分析不安定な配当実績 すべてのリスクチェックを見る4532 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW491,718 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG491,718 investors already sharing narrativesYour Fair ValueNT$Current PriceNT$29.1034.5% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture023b2016201920222025202620282031Revenue NT$19.1bEarnings NT$860.9mAdvancedSet Fair ValueView all narrativesRechi Precision Co., Ltd. 競合他社ChenFull PrecisionSymbol: TPEX:6829Market cap: NT$13.0bAsia Metal IndustriesSymbol: TPEX:6727Market cap: NT$11.1bSymtek Automation AsiaSymbol: TWSE:6438Market cap: NT$13.9bChi Yi Hsin TechnologySymbol: TPEX:7848Market cap: NT$11.6b価格と性能株価の高値、安値、推移の概要Rechi Precision過去の株価現在の株価NT$29.1052週高値NT$29.2052週安値NT$22.00ベータ0.251ヶ月の変化17.10%3ヶ月変化11.71%1年変化18.05%3年間の変化13.67%5年間の変化39.57%IPOからの変化105.30%最新ニュースValuation Update With 7 Day Price Move • Jun 30Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$28.10, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 28x in the Machinery industry in Taiwan. Total returns to shareholders of 51% over the past three years.Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.48 (vs NT$0.72 in 1Q 2025)First quarter 2026 results: EPS: NT$0.48 (down from NT$0.72 in 1Q 2025). Revenue: NT$6.03b (down 8.9% from 1Q 2025). Net income: NT$231.5m (down 36% from 1Q 2025). Profit margin: 3.8% (down from 5.4% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Apr 03Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 10 April 2026. Payment date: 08 May 2026. Payout ratio is a comfortable 73% but the company is not cash flow positive. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.4%).New Risk • Mar 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Mar 18Full year 2025 earnings released: EPS: NT$2.05 (vs NT$2.02 in FY 2024)Full year 2025 results: EPS: NT$2.05 (up from NT$2.02 in FY 2024). Revenue: NT$20.3b (down 5.8% from FY 2024). Net income: NT$1.02b (flat on FY 2024). Profit margin: 5.0% (up from 4.7% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 15% per year.Declared Dividend • Mar 11Dividend of NT$1.50 announcedShareholders will receive a dividend of NT$1.50. Ex-date: 10th April 2026 Payment date: 8th May 2026 Dividend yield will be 5.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not adequately covered by cash flows (93% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.最新情報をもっと見るRecent updatesValuation Update With 7 Day Price Move • Jun 30Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$28.10, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 28x in the Machinery industry in Taiwan. Total returns to shareholders of 51% over the past three years.Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.48 (vs NT$0.72 in 1Q 2025)First quarter 2026 results: EPS: NT$0.48 (down from NT$0.72 in 1Q 2025). Revenue: NT$6.03b (down 8.9% from 1Q 2025). Net income: NT$231.5m (down 36% from 1Q 2025). Profit margin: 3.8% (down from 5.4% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Apr 03Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 10 April 2026. Payment date: 08 May 2026. Payout ratio is a comfortable 73% but the company is not cash flow positive. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.4%).New Risk • Mar 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Mar 18Full year 2025 earnings released: EPS: NT$2.05 (vs NT$2.02 in FY 2024)Full year 2025 results: EPS: NT$2.05 (up from NT$2.02 in FY 2024). Revenue: NT$20.3b (down 5.8% from FY 2024). Net income: NT$1.02b (flat on FY 2024). Profit margin: 5.0% (up from 4.7% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 15% per year.Declared Dividend • Mar 11Dividend of NT$1.50 announcedShareholders will receive a dividend of NT$1.50. Ex-date: 10th April 2026 Payment date: 8th May 2026 Dividend yield will be 5.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not adequately covered by cash flows (93% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Mar 10+ 1 more updateRechi Precision Co., Ltd., Annual General Meeting, Jun 12, 2026Rechi Precision Co., Ltd., Annual General Meeting, Jun 12, 2026. Location: no,943, sec.2 ch`eng kung rd., guanyin district, taoyuan city TaiwanReported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.31 (vs NT$0.30 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.31 (up from NT$0.30 in 3Q 2024). Revenue: NT$3.84b (down 23% from 3Q 2024). Net income: NT$155.8m (up 5.1% from 3Q 2024). Profit margin: 4.1% (up from 3.0% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.46 (vs NT$0.65 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.46 (down from NT$0.65 in 2Q 2024). Revenue: NT$5.46b (down 11% from 2Q 2024). Net income: NT$226.7m (down 30% from 2Q 2024). Profit margin: 4.1% (down from 5.3% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.73 (vs NT$0.50 in 1Q 2024)First quarter 2025 results: EPS: NT$0.73 (up from NT$0.50 in 1Q 2024). Revenue: NT$6.62b (up 34% from 1Q 2024). Net income: NT$360.3m (up 44% from 1Q 2024). Profit margin: 5.4% (up from 5.1% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 22% per year.お知らせ • May 01Rechi Precision Co., Ltd. to Report Q1, 2025 Results on May 08, 2025Rechi Precision Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$25.15, the stock trades at a trailing P/E ratio of 12.5x. Average forward P/E is 19x in the Machinery industry in Taiwan. Total returns to shareholders of 62% over the past three years.Upcoming Dividend • Apr 03Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 10 April 2025. Payment date: 08 May 2025. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.7%).Reported Earnings • Mar 21Full year 2024 earnings released: EPS: NT$2.02 (vs NT$1.50 in FY 2023)Full year 2024 results: EPS: NT$2.02 (up from NT$1.50 in FY 2023). Revenue: NT$21.5b (up 28% from FY 2023). Net income: NT$1.01b (up 34% from FY 2023). Profit margin: 4.7% (up from 4.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 18% per year.Declared Dividend • Mar 13Dividend of NT$1.50 announcedShareholders will receive a dividend of NT$1.50. Ex-date: 10th April 2025 Payment date: 8th May 2025 Dividend yield will be 5.1%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 2.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Mar 12+ 2 more updatesRechi Precision Co., Ltd., Annual General Meeting, Jun 11, 2025Rechi Precision Co., Ltd., Annual General Meeting, Jun 11, 2025. Location: no,943, sec.2 ch`eng kung rd., guanyin district, taoyuan city Taiwanお知らせ • Mar 04Rechi Precision Co., Ltd. to Report Fiscal Year 2024 Results on Mar 11, 2025Rechi Precision Co., Ltd. announced that they will report fiscal year 2024 results on Mar 11, 2025New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.分析記事 • Nov 15We Think Rechi Precision's (TWSE:4532) Solid Earnings Are UnderstatedDespite posting healthy earnings, Rechi Precision Co., Ltd.'s ( TWSE:4532 ) stock has been quite weak. We have done...Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: NT$0.30 (vs NT$0.43 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.30 (down from NT$0.43 in 3Q 2023). Revenue: NT$4.98b (up 23% from 3Q 2023). Net income: NT$148.3m (down 31% from 3Q 2023). Profit margin: 3.0% (down from 5.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Machinery industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 22Rechi Precision Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Rechi Precision Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024Buy Or Sell Opportunity • Sep 13Now 22% overvaluedOver the last 90 days, the stock has fallen 16% to NT$25.10. The fair value is estimated to be NT$20.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has grown by 13%.Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: NT$0.65 (vs NT$0.53 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.65 (up from NT$0.53 in 2Q 2023). Revenue: NT$6.16b (up 37% from 2Q 2023). Net income: NT$325.7m (up 24% from 2Q 2023). Profit margin: 5.3% (down from 5.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year.お知らせ • Aug 09Rechi Precision Co., Ltd. announced that it expects to receive $10 million in fundingRechi Precision Co., Ltd. announced a private placement to issue 10,000,000 common shares at an issue price of $1 per share for the gross proceeds of $10,000,000 on August 7, 2024. The transaction has been approved by shareholders of company.分析記事 • Aug 02Rechi Precision (TWSE:4532) Could Be Struggling To Allocate CapitalWhat financial metrics can indicate to us that a company is maturing or even in decline? Businesses in decline often...お知らせ • Jul 31Rechi Precision Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024Rechi Precision Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024Reported Earnings • May 10First quarter 2024 earnings released: EPS: NT$0.50 (vs NT$0.22 in 1Q 2023)First quarter 2024 results: EPS: NT$0.50 (up from NT$0.22 in 1Q 2023). Revenue: NT$4.93b (up 27% from 1Q 2023). Net income: NT$249.7m (up 132% from 1Q 2023). Profit margin: 5.1% (up from 2.8% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year.Upcoming Dividend • Apr 04Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 11 April 2024. Payment date: 03 May 2024. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (4.6%). Higher than average of industry peers (2.5%).お知らせ • Mar 23Rechi Precision Co., Ltd., Annual General Meeting, Jun 13, 2024Rechi Precision Co., Ltd., Annual General Meeting, Jun 13, 2024.Reported Earnings • Mar 17Full year 2023 earnings released: EPS: NT$1.50 (vs NT$1.38 in FY 2022)Full year 2023 results: EPS: NT$1.50 (up from NT$1.38 in FY 2022). Revenue: NT$16.9b (down 8.2% from FY 2022). Net income: NT$751.0m (up 9.1% from FY 2022). Profit margin: 4.5% (up from 3.7% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year.お知らせ • Mar 14Rechi Precision Co., Ltd. (TWSE:4532) acquired minority unknown stake in Dyna Rechi Co., Ltd. from Taiwan Sanyo Electric Co.,Ltd. (TWSE:1614), Richtek Technology Corporation, Ablek Technology Ltd. and Hsu,Yung-fu for approximately TWD 310 billion.Rechi Precision Co., Ltd. (TWSE:4532) acquired unknown minority stake in Dyna Rechi Co., Ltd. from Taiwan Sanyo Electric Co.,Ltd. (TWSE:1614), Richtek Technology Corporation, Ablek Technology Ltd. and Hsu,Yung-fu for approximately TWD 310 billion on March 12, 2024. Rechi Precision Co., Ltd. (TWSE:4532) hold 94.42% stake in Dyna Rechi Co., Ltd. after this acquisition. Rechi Precision Co., Ltd. (TWSE:4532) completed the acquisition of unknown minority stake in Dyna Rechi Co., Ltd. from Taiwan Sanyo Electric Co.,Ltd. (TWSE:1614), Richtek Technology Corporation, Ablek Technology Ltd. and Hsu,Yung-fu for approximately TWD 310 billion on March 12, 2024.お知らせ • Jan 31Rechi Precision Co., Ltd. Announces Chief Marketing Officer Changes, Effective February 1, 2024Rechi Precision Co., Ltd. announced Chief Marketing Officer Personnel Changes. Name, title, and resume of the previous position holder: NIU, YONG GUANG/Vice President/President of Qingdao Rechi Electric Machinery Sales Company. Type of the change: position adjustment. Reason for the change: In alignment with organizational operational requirements, the position of Chief Marketing Officer is being eliminated. Effective date: February 1, 2024.Reported Earnings • Nov 15Third quarter 2023 earnings released: EPS: NT$0.43 (vs NT$0.32 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.43 (up from NT$0.32 in 3Q 2022). Revenue: NT$4.07b (up 6.8% from 3Q 2022). Net income: NT$214.0m (up 34% from 3Q 2022). Profit margin: 5.3% (up from 4.2% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Machinery industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 2% per year.Reported Earnings • Aug 14Second quarter 2023 earnings released: EPS: NT$0.53 (vs NT$0.54 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.53 (down from NT$0.54 in 2Q 2022). Revenue: NT$4.51b (down 18% from 2Q 2022). Net income: NT$262.6m (down 3.1% from 2Q 2022). Profit margin: 5.8% (up from 4.9% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year.New Risk • Jul 12New 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 6.1% 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 14% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (351% cash payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change).Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$21.85, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 47% over the past three years.お知らせ • Jun 17+ 1 more updateRechi Precision Co., Ltd. Announces Executive ChangesRechi Precision Co., Ltd. announced change of the members of the board of directors at the 2023 annual general meeting . Title and name of the previous position holder: A. Institutional director (1)Representative of SAMPO CORPORATION: CHEN, SIOU MING .Title and name of the new position holder: A. Institutional director Representative of SAMPO CORPORATION:FENG, MING FA, B. Independent director; HUANG, PAO HUI. Resume of mew position holder,: Representative of SAMPO CORPORATION:FENG, MING FA, President of RECHI PRECISION CO., LTD. HUANG, PAO HUI/Chairman of President Link Limited.お知らせ • Jun 16Rechi Precision Co., Ltd. Announces Change of Remuneration CommitteeRechi Precision Co., Ltd. announced change of remuneration committee. Name of the previous position holder: SU, CHING YANG, CHEN, SHENG WANG and Guan, Chang Ching. Resume of the previous position holder: SU, CHING YANG/Independent Director/Audit Committee/Remuneration Committee of Aerowin Technology Corporation, Independent Director/Audit Committee/Remuneration Committee of KENDA RUBBER INDUSTRIAL CO., LTD. Director of NATUREWISE BIOTECH & MEDICALS CORPORATION, CHEN, SHENG WANG/None, and Guan, Chang Ching/CECI Nova Technology Co., Ltd.-Chairperson. Name of the new position holder: SU, CHING YANG, CHEN, SHENG WANG, and HUANG, PAO HUI. Resume of the new position holder: SU, CHING YANG/Independent Director/Audit Committee/Remuneration Committee of Aerowin Technology Corporation Independent Director/Audit Committee/Remuneration Committee of KENDA RUBBER INDUSTRIAL CO., LTD., Director of NATUREWISE BIOTECH & MEDICALS CORPORATION, CHEN, SHENG WANG/None, and HUANG, PAO HUI/Chairman of President Link Limited. Effective date of the new member: June 15, 2023.Upcoming Dividend • Apr 06Upcoming dividend of NT$0.90 per share at 4.8% yieldEligible shareholders must have bought the stock before 13 April 2023. Payment date: 05 May 2023. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (5.9%). Higher than average of industry peers (3.1%).Reported Earnings • Mar 12Full year 2022 earnings released: EPS: NT$1.38 (vs NT$1.08 in FY 2021)Full year 2022 results: EPS: NT$1.38 (up from NT$1.08 in FY 2021). Revenue: NT$18.4b (down 19% from FY 2021). Net income: NT$688.3m (up 27% from FY 2021). Profit margin: 3.7% (up from 2.4% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$0.32 (vs NT$0.37 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.32 (down from NT$0.37 in 3Q 2021). Revenue: NT$3.81b (down 26% from 3Q 2021). Net income: NT$159.4m (down 14% from 3Q 2021). Profit margin: 4.2% (up from 3.6% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.8% p.a. on average during the next 2 years, while revenues in the Machinery industry in Taiwan are expected to grow by 9.0%. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Sheng Wang Chen was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 12Third quarter 2022 earnings released: EPS: NT$0.32 (vs NT$0.37 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.32 (down from NT$0.37 in 3Q 2021). Revenue: NT$3.81b (down 26% from 3Q 2021). Net income: NT$159.4m (down 14% from 3Q 2021). Profit margin: 4.2% (up from 3.6% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.8% p.a. on average during the next 2 years, while revenues in the Machinery industry in Taiwan are expected to grow by 8.8%. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.お知らせ • Aug 18Rechi Precision Co., Ltd. Announces Death of Lee,Jen-Fang, Independent Director, Member of the Audit Committee and Remuneration CommitteeRechi Precision Co., Ltd. announced death of LEE,JEN-FANG, Independent Director, Member of the company's audit committee and remuneration Committee, the company received this news on August 17, 2022.Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: NT$0.54 (vs NT$0.41 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.54 (up from NT$0.41 in 2Q 2021). Revenue: NT$5.48b (down 13% from 2Q 2021). Net income: NT$271.1m (up 32% from 2Q 2021). Profit margin: 4.9% (up from 3.3% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 9% per year.Upcoming Dividend • Jun 27Upcoming dividend of NT$0.70 per shareEligible shareholders must have bought the stock before 04 July 2022. Payment date: 21 July 2022. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (6.3%). Higher than average of industry peers (3.2%).お知らせ • May 24Rechi Precision Co., Ltd. Announces Executive ChangesRechi Precision Co., Ltd. announced the change of the company's legal person director representative. Name of legal person: SHARP CORPORATION; Name of the previous position holder: Nakashima,Mitsuo; Resume of the previous position holder: PCI Department-Minister; Name of the new position holder: Mishiro,Kazuhisa; Resume of the new position holder: Air Conditioning Department-Minister; Reason for the change: Reassignment; Original term (from June 16, 2020 to June 15, 2023); Effective date of the new appointment: May 23, 2022.Reported Earnings • May 11First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$0.29 (up from NT$0.27 in 1Q 2021). Revenue: NT$5.57b (down 4.4% from 1Q 2021). Net income: NT$142.7m (up 4.6% from 1Q 2021). Profit margin: 2.6% (up from 2.3% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 26%. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 12% per year.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Jen Fang Lee was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$0.37 (vs NT$0.43 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$5.16b (up 11% from 3Q 2020). Net income: NT$186.4m (down 14% from 3Q 2020). Profit margin: 3.6% (down from 4.7% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Sep 03Upcoming dividend of NT$0.70 per shareEligible shareholders must have bought the stock before 10 September 2021. Payment date: 05 October 2021. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.7%).Reported Earnings • Aug 11Second quarter 2021 earnings released: EPS NT$0.41 (vs NT$0.42 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$6.28b (up 20% from 2Q 2020). Net income: NT$206.2m (down 3.3% from 2Q 2020). Profit margin: 3.3% (down from 4.1% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$18.85, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total loss to shareholders of 31% over the past three years.Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$0.27 (vs NT$0.27 in 1Q 2020)The company reported a mediocre first quarter result with weaker profit margins, although earnings were flat and revenues improved. First quarter 2021 results: Revenue: NT$5.83b (up 38% from 1Q 2020). Net income: NT$136.5m (flat on 1Q 2020). Profit margin: 2.3% (down from 3.2% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.分析記事 • Apr 29Rechi Precision (TPE:4532) Seems To Use Debt Quite SensiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...分析記事 • Apr 12Key Things To Consider Before Buying Rechi Precision Co., Ltd. (TPE:4532) For Its DividendDividend paying stocks like Rechi Precision Co., Ltd. ( TPE:4532 ) tend to be popular with investors, and for good...Reported Earnings • Mar 25Full year 2020 earnings released: EPS NT$1.41 (vs NT$1.30 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$19.3b (down 4.0% from FY 2019). Net income: NT$709.5m (up 8.2% from FY 2019). Profit margin: 3.7% (up from 3.3% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.分析記事 • Mar 23Rechi Precision (TPE:4532) May Have Issues Allocating Its CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Is New 90 Day High Low • Mar 15New 90-day high: NT$22.25The company is up 9.0% from a price of NT$20.35 on 15 December 2020. Underperformed the Taiwanese market, which is up 14% over the last 90 days. Lagged the Machinery industry, which is up 13% over the same period.分析記事 • Mar 05Can Rechi Precision Co., Ltd.'s (TPE:4532) Weak Financials Pull The Plug On The Stock's Current Momentum On Its Share Price?Rechi Precision (TPE:4532) has had a great run on the share market with its stock up by a significant 7.1% over the...分析記事 • Feb 15Rechi Precision's (TPE:4532) Shareholders Are Down 33% On Their SharesAs an investor its worth striving to ensure your overall portfolio beats the market average. But in any portfolio...分析記事 • Jan 31Is Rechi Precision Co., Ltd. (TPE:4532) Popular Amongst Institutions?The big shareholder groups in Rechi Precision Co., Ltd. ( TPE:4532 ) have power over the company. Large companies...分析記事 • Jan 17Does Rechi Precision's (TPE:4532) Statutory Profit Adequately Reflect Its Underlying Profit?As a general rule, we think profitable companies are less risky than companies that lose money. However, sometimes...Is New 90 Day High Low • Jan 11New 90-day high: NT$22.20The company is up 14% from its price of NT$19.55 on 13 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 24% over the same period.分析記事 • Jan 04Is Rechi Precision (TPE:4532) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...分析記事 • Dec 20What To Know Before Buying Rechi Precision Co., Ltd. (TPE:4532) For Its DividendDividend paying stocks like Rechi Precision Co., Ltd. ( TPE:4532 ) tend to be popular with investors, and for good...分析記事 • Dec 07We're Watching These Trends At Rechi Precision (TPE:4532)What are the early trends we should look for to identify a stock that could multiply in value over the long term...Is New 90 Day High Low • Dec 01New 90-day high: NT$21.80The company is up 9.0% from its price of NT$20.00 on 02 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 5.0% over the same period.分析記事 • Nov 23Does Rechi Precision Co., Ltd.'s (TPE:4532) Weak Fundamentals Mean A Downturn In Its Stock Should Be Expected?Most readers would already know that Rechi Precision's (TPE:4532) stock increased by 6.4% over the past three months...Reported Earnings • Nov 07Third quarter 2020 earnings released: EPS NT$0.43The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$4.66b (up 18% from 3Q 2019). Net income: NT$217.2m (up 74% from 3Q 2019). Profit margin: 4.7% (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 fallen by 22% 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.株主還元4532TW MachineryTW 市場7D22.3%3.1%0.9%1Y18.1%68.0%104.1%株主還元を見る業界別リターン: 4532過去 1 年間で68 % 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: 4532は、過去 1 年間で104.1 % のリターンを上げたTW市場を下回りました。価格変動Is 4532's price volatile compared to industry and market?4532 volatility4532 Average Weekly Movement5.0%Machinery Industry Average Movement7.7%Market Average Movement6.4%10% most volatile stocks in TW Market12.1%10% least volatile stocks in TW Market2.6%安定した株価: 4532 、 TW市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 4532の 週次ボラティリティ ( 5% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1989n/aFelix Chenwww.rechi.com株式会社レチプレシジョンは子会社とともに、冷媒用コンプレッサーの組立、加工、製造、修理、貿易、設計サービスを世界各地で行っている。コンプレッサー・ビジネス・ユニットとBLDCモーター・ユニット・セグメントを通じて事業を展開している。同社はロータリーコンプレッサー、BLDCモーター、ヒートポンプ給湯器を提供している。また、電気機械部品、ファインブランキングダイ、精密ベアリング、関連アクセサリー、アフターサービス、技術コンサルティングサービスも提供している。また、投資事業も行っている。1989年に設立され、台湾桃園市に本社を置く。もっと見るRechi Precision Co., Ltd. 基礎のまとめRechi Precision の収益と売上を時価総額と比較するとどうか。4532 基礎統計学時価総額NT$13.73b収益（TTM）NT$887.13m売上高(TTM)NT$19.69b15.9xPER（株価収益率0.7xP/Sレシオ4532 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4532 損益計算書（TTM）収益NT$19.69b売上原価NT$16.59b売上総利益NT$3.10bその他の費用NT$2.21b収益NT$887.13m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）1.83グロス・マージン15.75%純利益率4.51%有利子負債／自己資本比率42.8%4532 の長期的なパフォーマンスは？過去の実績と比較を見る配当金5.2%現在の配当利回り83%配当性向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2026/07/03 13:44終値2026/07/03 00:00収益2026/03/31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この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、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。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Rechi Precision 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。5 アナリスト機関Xin LiuCapital Securities Corporationnull nullKGI Securities Co. Ltd.Yenling TsaiKGI Securities Co. Ltd.2 その他のアナリストを表示
Valuation Update With 7 Day Price Move • Jun 30Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$28.10, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 28x in the Machinery industry in Taiwan. Total returns to shareholders of 51% over the past three years.
Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.48 (vs NT$0.72 in 1Q 2025)First quarter 2026 results: EPS: NT$0.48 (down from NT$0.72 in 1Q 2025). Revenue: NT$6.03b (down 8.9% from 1Q 2025). Net income: NT$231.5m (down 36% from 1Q 2025). Profit margin: 3.8% (down from 5.4% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Apr 03Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 10 April 2026. Payment date: 08 May 2026. Payout ratio is a comfortable 73% but the company is not cash flow positive. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.4%).
New Risk • Mar 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Mar 18Full year 2025 earnings released: EPS: NT$2.05 (vs NT$2.02 in FY 2024)Full year 2025 results: EPS: NT$2.05 (up from NT$2.02 in FY 2024). Revenue: NT$20.3b (down 5.8% from FY 2024). Net income: NT$1.02b (flat on FY 2024). Profit margin: 5.0% (up from 4.7% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 15% per year.
Declared Dividend • Mar 11Dividend of NT$1.50 announcedShareholders will receive a dividend of NT$1.50. Ex-date: 10th April 2026 Payment date: 8th May 2026 Dividend yield will be 5.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not adequately covered by cash flows (93% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • Jun 30Investor sentiment improves as stock rises 18%After last week's 18% share price gain to NT$28.10, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 28x in the Machinery industry in Taiwan. Total returns to shareholders of 51% over the past three years.
Reported Earnings • May 11First quarter 2026 earnings released: EPS: NT$0.48 (vs NT$0.72 in 1Q 2025)First quarter 2026 results: EPS: NT$0.48 (down from NT$0.72 in 1Q 2025). Revenue: NT$6.03b (down 8.9% from 1Q 2025). Net income: NT$231.5m (down 36% from 1Q 2025). Profit margin: 3.8% (down from 5.4% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Apr 03Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 10 April 2026. Payment date: 08 May 2026. Payout ratio is a comfortable 73% but the company is not cash flow positive. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (2.4%).
New Risk • Mar 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Mar 18Full year 2025 earnings released: EPS: NT$2.05 (vs NT$2.02 in FY 2024)Full year 2025 results: EPS: NT$2.05 (up from NT$2.02 in FY 2024). Revenue: NT$20.3b (down 5.8% from FY 2024). Net income: NT$1.02b (flat on FY 2024). Profit margin: 5.0% (up from 4.7% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 15% per year.
Declared Dividend • Mar 11Dividend of NT$1.50 announcedShareholders will receive a dividend of NT$1.50. Ex-date: 10th April 2026 Payment date: 8th May 2026 Dividend yield will be 5.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not adequately covered by cash flows (93% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 10+ 1 more updateRechi Precision Co., Ltd., Annual General Meeting, Jun 12, 2026Rechi Precision Co., Ltd., Annual General Meeting, Jun 12, 2026. Location: no,943, sec.2 ch`eng kung rd., guanyin district, taoyuan city Taiwan
Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: NT$0.31 (vs NT$0.30 in 3Q 2024)Third quarter 2025 results: EPS: NT$0.31 (up from NT$0.30 in 3Q 2024). Revenue: NT$3.84b (down 23% from 3Q 2024). Net income: NT$155.8m (up 5.1% from 3Q 2024). Profit margin: 4.1% (up from 3.0% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 17Second quarter 2025 earnings released: EPS: NT$0.46 (vs NT$0.65 in 2Q 2024)Second quarter 2025 results: EPS: NT$0.46 (down from NT$0.65 in 2Q 2024). Revenue: NT$5.46b (down 11% from 2Q 2024). Net income: NT$226.7m (down 30% from 2Q 2024). Profit margin: 4.1% (down from 5.3% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 15First quarter 2025 earnings released: EPS: NT$0.73 (vs NT$0.50 in 1Q 2024)First quarter 2025 results: EPS: NT$0.73 (up from NT$0.50 in 1Q 2024). Revenue: NT$6.62b (up 34% from 1Q 2024). Net income: NT$360.3m (up 44% from 1Q 2024). Profit margin: 5.4% (up from 5.1% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 22% per year.
お知らせ • May 01Rechi Precision Co., Ltd. to Report Q1, 2025 Results on May 08, 2025Rechi Precision Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to NT$25.15, the stock trades at a trailing P/E ratio of 12.5x. Average forward P/E is 19x in the Machinery industry in Taiwan. Total returns to shareholders of 62% over the past three years.
Upcoming Dividend • Apr 03Upcoming dividend of NT$1.50 per shareEligible shareholders must have bought the stock before 10 April 2025. Payment date: 08 May 2025. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (2.7%).
Reported Earnings • Mar 21Full year 2024 earnings released: EPS: NT$2.02 (vs NT$1.50 in FY 2023)Full year 2024 results: EPS: NT$2.02 (up from NT$1.50 in FY 2023). Revenue: NT$21.5b (up 28% from FY 2023). Net income: NT$1.01b (up 34% from FY 2023). Profit margin: 4.7% (up from 4.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 18% per year.
Declared Dividend • Mar 13Dividend of NT$1.50 announcedShareholders will receive a dividend of NT$1.50. Ex-date: 10th April 2025 Payment date: 8th May 2025 Dividend yield will be 5.1%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 2.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 12+ 2 more updatesRechi Precision Co., Ltd., Annual General Meeting, Jun 11, 2025Rechi Precision Co., Ltd., Annual General Meeting, Jun 11, 2025. Location: no,943, sec.2 ch`eng kung rd., guanyin district, taoyuan city Taiwan
お知らせ • Mar 04Rechi Precision Co., Ltd. to Report Fiscal Year 2024 Results on Mar 11, 2025Rechi Precision Co., Ltd. announced that they will report fiscal year 2024 results on Mar 11, 2025
New Risk • Dec 16New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
分析記事 • Nov 15We Think Rechi Precision's (TWSE:4532) Solid Earnings Are UnderstatedDespite posting healthy earnings, Rechi Precision Co., Ltd.'s ( TWSE:4532 ) stock has been quite weak. We have done...
Reported Earnings • Nov 09Third quarter 2024 earnings released: EPS: NT$0.30 (vs NT$0.43 in 3Q 2023)Third quarter 2024 results: EPS: NT$0.30 (down from NT$0.43 in 3Q 2023). Revenue: NT$4.98b (up 23% from 3Q 2023). Net income: NT$148.3m (down 31% from 3Q 2023). Profit margin: 3.0% (down from 5.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Machinery industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 22Rechi Precision Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Rechi Precision Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024
Buy Or Sell Opportunity • Sep 13Now 22% overvaluedOver the last 90 days, the stock has fallen 16% to NT$25.10. The fair value is estimated to be NT$20.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has grown by 13%.
Reported Earnings • Aug 10Second quarter 2024 earnings released: EPS: NT$0.65 (vs NT$0.53 in 2Q 2023)Second quarter 2024 results: EPS: NT$0.65 (up from NT$0.53 in 2Q 2023). Revenue: NT$6.16b (up 37% from 2Q 2023). Net income: NT$325.7m (up 24% from 2Q 2023). Profit margin: 5.3% (down from 5.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year.
お知らせ • Aug 09Rechi Precision Co., Ltd. announced that it expects to receive $10 million in fundingRechi Precision Co., Ltd. announced a private placement to issue 10,000,000 common shares at an issue price of $1 per share for the gross proceeds of $10,000,000 on August 7, 2024. The transaction has been approved by shareholders of company.
分析記事 • Aug 02Rechi Precision (TWSE:4532) Could Be Struggling To Allocate CapitalWhat financial metrics can indicate to us that a company is maturing or even in decline? Businesses in decline often...
お知らせ • Jul 31Rechi Precision Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024Rechi Precision Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024
Reported Earnings • May 10First quarter 2024 earnings released: EPS: NT$0.50 (vs NT$0.22 in 1Q 2023)First quarter 2024 results: EPS: NT$0.50 (up from NT$0.22 in 1Q 2023). Revenue: NT$4.93b (up 27% from 1Q 2023). Net income: NT$249.7m (up 132% from 1Q 2023). Profit margin: 5.1% (up from 2.8% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year.
Upcoming Dividend • Apr 04Upcoming dividend of NT$1.00 per shareEligible shareholders must have bought the stock before 11 April 2024. Payment date: 03 May 2024. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (4.6%). Higher than average of industry peers (2.5%).
お知らせ • Mar 23Rechi Precision Co., Ltd., Annual General Meeting, Jun 13, 2024Rechi Precision Co., Ltd., Annual General Meeting, Jun 13, 2024.
Reported Earnings • Mar 17Full year 2023 earnings released: EPS: NT$1.50 (vs NT$1.38 in FY 2022)Full year 2023 results: EPS: NT$1.50 (up from NT$1.38 in FY 2022). Revenue: NT$16.9b (down 8.2% from FY 2022). Net income: NT$751.0m (up 9.1% from FY 2022). Profit margin: 4.5% (up from 3.7% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year.
お知らせ • Mar 14Rechi Precision Co., Ltd. (TWSE:4532) acquired minority unknown stake in Dyna Rechi Co., Ltd. from Taiwan Sanyo Electric Co.,Ltd. (TWSE:1614), Richtek Technology Corporation, Ablek Technology Ltd. and Hsu,Yung-fu for approximately TWD 310 billion.Rechi Precision Co., Ltd. (TWSE:4532) acquired unknown minority stake in Dyna Rechi Co., Ltd. from Taiwan Sanyo Electric Co.,Ltd. (TWSE:1614), Richtek Technology Corporation, Ablek Technology Ltd. and Hsu,Yung-fu for approximately TWD 310 billion on March 12, 2024. Rechi Precision Co., Ltd. (TWSE:4532) hold 94.42% stake in Dyna Rechi Co., Ltd. after this acquisition. Rechi Precision Co., Ltd. (TWSE:4532) completed the acquisition of unknown minority stake in Dyna Rechi Co., Ltd. from Taiwan Sanyo Electric Co.,Ltd. (TWSE:1614), Richtek Technology Corporation, Ablek Technology Ltd. and Hsu,Yung-fu for approximately TWD 310 billion on March 12, 2024.
お知らせ • Jan 31Rechi Precision Co., Ltd. Announces Chief Marketing Officer Changes, Effective February 1, 2024Rechi Precision Co., Ltd. announced Chief Marketing Officer Personnel Changes. Name, title, and resume of the previous position holder: NIU, YONG GUANG/Vice President/President of Qingdao Rechi Electric Machinery Sales Company. Type of the change: position adjustment. Reason for the change: In alignment with organizational operational requirements, the position of Chief Marketing Officer is being eliminated. Effective date: February 1, 2024.
Reported Earnings • Nov 15Third quarter 2023 earnings released: EPS: NT$0.43 (vs NT$0.32 in 3Q 2022)Third quarter 2023 results: EPS: NT$0.43 (up from NT$0.32 in 3Q 2022). Revenue: NT$4.07b (up 6.8% from 3Q 2022). Net income: NT$214.0m (up 34% from 3Q 2022). Profit margin: 5.3% (up from 4.2% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Machinery industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 2% per year.
Reported Earnings • Aug 14Second quarter 2023 earnings released: EPS: NT$0.53 (vs NT$0.54 in 2Q 2022)Second quarter 2023 results: EPS: NT$0.53 (down from NT$0.54 in 2Q 2022). Revenue: NT$4.51b (down 18% from 2Q 2022). Net income: NT$262.6m (down 3.1% from 2Q 2022). Profit margin: 5.8% (up from 4.9% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year.
New Risk • Jul 12New 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 6.1% 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 14% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (351% cash payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change).
Valuation Update With 7 Day Price Move • Jul 03Investor sentiment improves as stock rises 19%After last week's 19% share price gain to NT$21.85, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 47% over the past three years.
お知らせ • Jun 17+ 1 more updateRechi Precision Co., Ltd. Announces Executive ChangesRechi Precision Co., Ltd. announced change of the members of the board of directors at the 2023 annual general meeting . Title and name of the previous position holder: A. Institutional director (1)Representative of SAMPO CORPORATION: CHEN, SIOU MING .Title and name of the new position holder: A. Institutional director Representative of SAMPO CORPORATION:FENG, MING FA, B. Independent director; HUANG, PAO HUI. Resume of mew position holder,: Representative of SAMPO CORPORATION:FENG, MING FA, President of RECHI PRECISION CO., LTD. HUANG, PAO HUI/Chairman of President Link Limited.
お知らせ • Jun 16Rechi Precision Co., Ltd. Announces Change of Remuneration CommitteeRechi Precision Co., Ltd. announced change of remuneration committee. Name of the previous position holder: SU, CHING YANG, CHEN, SHENG WANG and Guan, Chang Ching. Resume of the previous position holder: SU, CHING YANG/Independent Director/Audit Committee/Remuneration Committee of Aerowin Technology Corporation, Independent Director/Audit Committee/Remuneration Committee of KENDA RUBBER INDUSTRIAL CO., LTD. Director of NATUREWISE BIOTECH & MEDICALS CORPORATION, CHEN, SHENG WANG/None, and Guan, Chang Ching/CECI Nova Technology Co., Ltd.-Chairperson. Name of the new position holder: SU, CHING YANG, CHEN, SHENG WANG, and HUANG, PAO HUI. Resume of the new position holder: SU, CHING YANG/Independent Director/Audit Committee/Remuneration Committee of Aerowin Technology Corporation Independent Director/Audit Committee/Remuneration Committee of KENDA RUBBER INDUSTRIAL CO., LTD., Director of NATUREWISE BIOTECH & MEDICALS CORPORATION, CHEN, SHENG WANG/None, and HUANG, PAO HUI/Chairman of President Link Limited. Effective date of the new member: June 15, 2023.
Upcoming Dividend • Apr 06Upcoming dividend of NT$0.90 per share at 4.8% yieldEligible shareholders must have bought the stock before 13 April 2023. Payment date: 05 May 2023. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (5.9%). Higher than average of industry peers (3.1%).
Reported Earnings • Mar 12Full year 2022 earnings released: EPS: NT$1.38 (vs NT$1.08 in FY 2021)Full year 2022 results: EPS: NT$1.38 (up from NT$1.08 in FY 2021). Revenue: NT$18.4b (down 19% from FY 2021). Net income: NT$688.3m (up 27% from FY 2021). Profit margin: 3.7% (up from 2.4% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: NT$0.32 (vs NT$0.37 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.32 (down from NT$0.37 in 3Q 2021). Revenue: NT$3.81b (down 26% from 3Q 2021). Net income: NT$159.4m (down 14% from 3Q 2021). Profit margin: 4.2% (up from 3.6% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.8% p.a. on average during the next 2 years, while revenues in the Machinery industry in Taiwan are expected to grow by 9.0%. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Sheng Wang Chen was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 12Third quarter 2022 earnings released: EPS: NT$0.32 (vs NT$0.37 in 3Q 2021)Third quarter 2022 results: EPS: NT$0.32 (down from NT$0.37 in 3Q 2021). Revenue: NT$3.81b (down 26% from 3Q 2021). Net income: NT$159.4m (down 14% from 3Q 2021). Profit margin: 4.2% (up from 3.6% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.8% p.a. on average during the next 2 years, while revenues in the Machinery industry in Taiwan are expected to grow by 8.8%. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.
お知らせ • Aug 18Rechi Precision Co., Ltd. Announces Death of Lee,Jen-Fang, Independent Director, Member of the Audit Committee and Remuneration CommitteeRechi Precision Co., Ltd. announced death of LEE,JEN-FANG, Independent Director, Member of the company's audit committee and remuneration Committee, the company received this news on August 17, 2022.
Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: NT$0.54 (vs NT$0.41 in 2Q 2021)Second quarter 2022 results: EPS: NT$0.54 (up from NT$0.41 in 2Q 2021). Revenue: NT$5.48b (down 13% from 2Q 2021). Net income: NT$271.1m (up 32% from 2Q 2021). Profit margin: 4.9% (up from 3.3% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 9% per year.
Upcoming Dividend • Jun 27Upcoming dividend of NT$0.70 per shareEligible shareholders must have bought the stock before 04 July 2022. Payment date: 21 July 2022. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (6.3%). Higher than average of industry peers (3.2%).
お知らせ • May 24Rechi Precision Co., Ltd. Announces Executive ChangesRechi Precision Co., Ltd. announced the change of the company's legal person director representative. Name of legal person: SHARP CORPORATION; Name of the previous position holder: Nakashima,Mitsuo; Resume of the previous position holder: PCI Department-Minister; Name of the new position holder: Mishiro,Kazuhisa; Resume of the new position holder: Air Conditioning Department-Minister; Reason for the change: Reassignment; Original term (from June 16, 2020 to June 15, 2023); Effective date of the new appointment: May 23, 2022.
Reported Earnings • May 11First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: NT$0.29 (up from NT$0.27 in 1Q 2021). Revenue: NT$5.57b (down 4.4% from 1Q 2021). Net income: NT$142.7m (up 4.6% from 1Q 2021). Profit margin: 2.6% (up from 2.3% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 26%. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 12% per year.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Jen Fang Lee was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS NT$0.37 (vs NT$0.43 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$5.16b (up 11% from 3Q 2020). Net income: NT$186.4m (down 14% from 3Q 2020). Profit margin: 3.6% (down from 4.7% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Sep 03Upcoming dividend of NT$0.70 per shareEligible shareholders must have bought the stock before 10 September 2021. Payment date: 05 October 2021. Trailing yield: 3.5%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.7%).
Reported Earnings • Aug 11Second quarter 2021 earnings released: EPS NT$0.41 (vs NT$0.42 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$6.28b (up 20% from 2Q 2020). Net income: NT$206.2m (down 3.3% from 2Q 2020). Profit margin: 3.3% (down from 4.1% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • May 17Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to NT$18.85, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total loss to shareholders of 31% over the past three years.
Reported Earnings • May 08First quarter 2021 earnings released: EPS NT$0.27 (vs NT$0.27 in 1Q 2020)The company reported a mediocre first quarter result with weaker profit margins, although earnings were flat and revenues improved. First quarter 2021 results: Revenue: NT$5.83b (up 38% from 1Q 2020). Net income: NT$136.5m (flat on 1Q 2020). Profit margin: 2.3% (down from 3.2% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
分析記事 • Apr 29Rechi Precision (TPE:4532) Seems To Use Debt Quite SensiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
分析記事 • Apr 12Key Things To Consider Before Buying Rechi Precision Co., Ltd. (TPE:4532) For Its DividendDividend paying stocks like Rechi Precision Co., Ltd. ( TPE:4532 ) tend to be popular with investors, and for good...
Reported Earnings • Mar 25Full year 2020 earnings released: EPS NT$1.41 (vs NT$1.30 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$19.3b (down 4.0% from FY 2019). Net income: NT$709.5m (up 8.2% from FY 2019). Profit margin: 3.7% (up from 3.3% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
分析記事 • Mar 23Rechi Precision (TPE:4532) May Have Issues Allocating Its CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Is New 90 Day High Low • Mar 15New 90-day high: NT$22.25The company is up 9.0% from a price of NT$20.35 on 15 December 2020. Underperformed the Taiwanese market, which is up 14% over the last 90 days. Lagged the Machinery industry, which is up 13% over the same period.
分析記事 • Mar 05Can Rechi Precision Co., Ltd.'s (TPE:4532) Weak Financials Pull The Plug On The Stock's Current Momentum On Its Share Price?Rechi Precision (TPE:4532) has had a great run on the share market with its stock up by a significant 7.1% over the...
分析記事 • Feb 15Rechi Precision's (TPE:4532) Shareholders Are Down 33% On Their SharesAs an investor its worth striving to ensure your overall portfolio beats the market average. But in any portfolio...
分析記事 • Jan 31Is Rechi Precision Co., Ltd. (TPE:4532) Popular Amongst Institutions?The big shareholder groups in Rechi Precision Co., Ltd. ( TPE:4532 ) have power over the company. Large companies...
分析記事 • Jan 17Does Rechi Precision's (TPE:4532) Statutory Profit Adequately Reflect Its Underlying Profit?As a general rule, we think profitable companies are less risky than companies that lose money. However, sometimes...
Is New 90 Day High Low • Jan 11New 90-day high: NT$22.20The company is up 14% from its price of NT$19.55 on 13 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 24% over the same period.
分析記事 • Jan 04Is Rechi Precision (TPE:4532) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • Dec 20What To Know Before Buying Rechi Precision Co., Ltd. (TPE:4532) For Its DividendDividend paying stocks like Rechi Precision Co., Ltd. ( TPE:4532 ) tend to be popular with investors, and for good...
分析記事 • Dec 07We're Watching These Trends At Rechi Precision (TPE:4532)What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Is New 90 Day High Low • Dec 01New 90-day high: NT$21.80The company is up 9.0% from its price of NT$20.00 on 02 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 5.0% over the same period.
分析記事 • Nov 23Does Rechi Precision Co., Ltd.'s (TPE:4532) Weak Fundamentals Mean A Downturn In Its Stock Should Be Expected?Most readers would already know that Rechi Precision's (TPE:4532) stock increased by 6.4% over the past three months...
Reported Earnings • Nov 07Third quarter 2020 earnings released: EPS NT$0.43The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$4.66b (up 18% from 3Q 2019). Net income: NT$217.2m (up 74% from 3Q 2019). Profit margin: 4.7% (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 fallen by 22% 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.
