View ValuationChina General Plastics 将来の成長Future 基準チェック /06China General Plasticsの収益は年間0.05%で減少すると予測されていますが、年間利益は年間40.6%で増加すると予想されています。EPS は年間40.7%で増加すると予想されています。主要情報40.6%収益成長率40.70%EPS成長率Chemicals 収益成長52.4%収益成長率-0.05%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日20 May 2026今後の成長に関する最新情報Major Estimate Revision • 23hConsensus revenue estimates increase by 13%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$10.4b to NT$11.8b. Forecast losses expected to reduce from -NT$0.78 to -NT$0.41 per share. Chemicals industry in Taiwan expected to see average net income growth of 72% next year. Consensus price target down from NT$15.50 to NT$11.00. Share price was steady at NT$12.55 over the past week.Price Target Changed • 23hPrice target decreased by 29% to NT$11.00Down from NT$15.50, the current price target is provided by 1 analyst. New target price is 12% below last closing price of NT$12.55. Stock is up 13% over the past year. The company is forecast to post a net loss per share of NT$0.41 next year compared to a net loss per share of NT$1.58 last year.Major Estimate Revision • Nov 29Consensus EPS estimates fall by 25%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$10.3b to NT$9.41b. Losses expected to increase from NT$1.37 per share to NT$1.70. Chemicals industry in Taiwan expected to see average net income growth of 41% next year. Consensus price target of NT$16.75 unchanged from last update. Share price rose 6.2% to NT$11.15 over the past week.Price Target Changed • Aug 02Price target decreased by 12% to NT$16.75Down from NT$19.00, the current price target is an average from 2 analysts. New target price is 46% above last closing price of NT$11.45. Stock is down 36% over the past year. The company is forecast to post a net loss per share of NT$0.83 next year compared to a net loss per share of NT$1.22 last year.Price Target Changed • Nov 29Price target decreased by 15% to NT$17.00Down from NT$19.93, the current price target is an average from 3 analysts. New target price is 25% above last closing price of NT$13.55. Stock is down 42% over the past year. The company is forecast to post a net loss per share of NT$0.75 compared to earnings per share of NT$0.59 last year.Major Estimate Revision • Oct 22Consensus EPS estimates increase by 52%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from NT$12.0b to NT$11.6b. EPS estimate rose from NT$0.20 to NT$0.305. Net income forecast to grow 95% next year vs 28% growth forecast for Chemicals industry in Taiwan. Consensus price target down from NT$19.93 to NT$19.25. Share price was steady at NT$15.90 over the past week.すべての更新を表示Recent updatesMajor Estimate Revision • 23hConsensus revenue estimates increase by 13%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$10.4b to NT$11.8b. Forecast losses expected to reduce from -NT$0.78 to -NT$0.41 per share. Chemicals industry in Taiwan expected to see average net income growth of 72% next year. Consensus price target down from NT$15.50 to NT$11.00. Share price was steady at NT$12.55 over the past week.Price Target Changed • 23hPrice target decreased by 29% to NT$11.00Down from NT$15.50, the current price target is provided by 1 analyst. New target price is 12% below last closing price of NT$12.55. Stock is up 13% over the past year. The company is forecast to post a net loss per share of NT$0.41 next year compared to a net loss per share of NT$1.58 last year.Reported Earnings • May 11First quarter 2026 earnings released: NT$0.21 loss per share (vs NT$0.46 loss in 1Q 2025)First quarter 2026 results: NT$0.21 loss per share (improved from NT$0.46 loss in 1Q 2025). Revenue: NT$2.67b (up 8.6% from 1Q 2025). Net loss: NT$120.4m (loss narrowed 55% from 1Q 2025). Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.お知らせ • Apr 26China General Plastics Corporation to Report Q1, 2026 Results on May 04, 2026China General Plastics Corporation announced that they will report Q1, 2026 results on May 04, 2026Reported Earnings • Mar 12Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: NT$1.58 loss per share (further deteriorated from NT$1.22 loss in FY 2024). Revenue: NT$9.22b (down 17% from FY 2024). Net loss: NT$919.0m (loss widened 29% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.2%. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.New Risk • Mar 12New major risk - Revenue and earnings growthEarnings have declined by 72% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 72% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change).New Risk • Mar 10New 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 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change).お知らせ • Mar 05China General Plastics Corporation, Annual General Meeting, May 26, 2026China General Plastics Corporation, Annual General Meeting, May 26, 2026, at 09:00 Taipei Standard Time. Location: no,106, kung yuan rd., jhunan township, miaoli county TaiwanMajor Estimate Revision • Nov 29Consensus EPS estimates fall by 25%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$10.3b to NT$9.41b. Losses expected to increase from NT$1.37 per share to NT$1.70. Chemicals industry in Taiwan expected to see average net income growth of 41% next year. Consensus price target of NT$16.75 unchanged from last update. Share price rose 6.2% to NT$11.15 over the past week.New Risk • Nov 19New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.Reported Earnings • Nov 14Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: NT$0.18 loss per share (improved from NT$0.71 loss in 3Q 2024). Revenue: NT$2.27b (down 12% from 3Q 2024). Net loss: NT$103.3m (loss narrowed 75% from 3Q 2024). Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.お知らせ • Oct 29China General Plastics Corporation to Report Q3, 2025 Results on Nov 04, 2025China General Plastics Corporation announced that they will report Q3, 2025 results on Nov 04, 2025Reported Earnings • Aug 14Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: NT$0.70 loss per share (down from NT$0.16 profit in 2Q 2024). Revenue: NT$2.66b (down 14% from 2Q 2024). Net loss: NT$405.5m (down NT$499.9m from profit in 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 106%. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.Price Target Changed • Aug 02Price target decreased by 12% to NT$16.75Down from NT$19.00, the current price target is an average from 2 analysts. New target price is 46% above last closing price of NT$11.45. Stock is down 36% over the past year. The company is forecast to post a net loss per share of NT$0.83 next year compared to a net loss per share of NT$1.22 last year.Upcoming Dividend • Jul 17Upcoming dividend of NT$0.15 per shareEligible shareholders must have bought the stock before 24 July 2025. Payment date: 21 August 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (3.1%).New Risk • Jun 30New major risk - Revenue and earnings growthEarnings have declined by 49% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.5% operating cash flow to total debt). Earnings have declined by 49% per year over the past 5 years.Board Change • Jun 19Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Chen-Ming Chang was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Declared Dividend • Jun 04Dividend reduced to NT$0.15Dividend of NT$0.15 is 57% lower than last year. Ex-date: 24th July 2025 Payment date: 21st August 2025 Dividend yield will be 1.4%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.お知らせ • May 28China General Plastics Corporation Approves Cash Dividend for the Year 2024China General Plastics Corporation announced that at its AGM held on May 27, 2025, the shareholders approved 2024 earnings distribution: cash dividend of TWD 0.15 per share, total TWD 87,157,574.New Risk • May 15New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 7.3% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.Reported Earnings • May 09First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: NT$0.46 loss per share (further deteriorated from NT$0.054 loss in 1Q 2024). Revenue: NT$2.46b (down 15% from 1Q 2024). Net loss: NT$268.5m (loss widened NT$236.8m from 1Q 2024). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 31%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.お知らせ • Apr 25China General Plastics Corporation to Report Q1, 2025 Results on May 02, 2025China General Plastics Corporation announced that they will report Q1, 2025 results on May 02, 2025Reported Earnings • Mar 15Full year 2024 earnings released: NT$1.22 loss per share (vs NT$0.59 profit in FY 2023)Full year 2024 results: NT$1.22 loss per share (down from NT$0.59 profit in FY 2023). Revenue: NT$11.1b (down 19% from FY 2023). Net loss: NT$710.0m (down 308% from profit in FY 2023). Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.お知らせ • Mar 05China General Plastics Corporation, Annual General Meeting, May 27, 2025China General Plastics Corporation, Annual General Meeting, May 27, 2025, at 09:00 Taipei Standard Time. Location: no,106, kung yuan rd., jhunan township, miaoli county Taiwanお知らせ • Feb 25China General Plastics Corporation to Report Fiscal Year 2024 Results on Mar 04, 2025China General Plastics Corporation announced that they will report fiscal year 2024 results on Mar 04, 2025Price Target Changed • Nov 29Price target decreased by 15% to NT$17.00Down from NT$19.93, the current price target is an average from 3 analysts. New target price is 25% above last closing price of NT$13.55. Stock is down 42% over the past year. The company is forecast to post a net loss per share of NT$0.75 compared to earnings per share of NT$0.59 last year.Reported Earnings • Nov 17Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: NT$0.71 loss per share (down from NT$0.25 profit in 3Q 2023). Revenue: NT$2.56b (down 24% from 3Q 2023). Net loss: NT$411.5m (down 379% from profit in 3Q 2023). Revenue missed analyst estimates by 11%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to stay flat during the next 2 years compared to a 4.8% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.お知らせ • Oct 26China General Plastics Corporation to Report Q3, 2024 Results on Nov 04, 2024China General Plastics Corporation announced that they will report Q3, 2024 results on Nov 04, 2024Major Estimate Revision • Oct 22Consensus EPS estimates increase by 52%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from NT$12.0b to NT$11.6b. EPS estimate rose from NT$0.20 to NT$0.305. Net income forecast to grow 95% next year vs 28% growth forecast for Chemicals industry in Taiwan. Consensus price target down from NT$19.93 to NT$19.25. Share price was steady at NT$15.90 over the past week.Board Change • Sep 20Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Chen-Ming Chang was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.分析記事 • Sep 10Does China General Plastics (TWSE:1305) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Major Estimate Revision • Aug 21Consensus EPS estimates fall by 85%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$13.1b to NT$12.2b. EPS estimate also fell from NT$0.72 per share to NT$0.11 per share. Net income forecast to grow 62% next year vs 39% growth forecast for Chemicals industry in Taiwan. Consensus price target of NT$19.93 unchanged from last update. Share price fell 3.2% to NT$16.75 over the past week.Reported Earnings • Aug 13Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: NT$0.16 (up from NT$0.001 in 2Q 2023). Revenue: NT$3.08b (down 7.9% from 2Q 2023). Net income: NT$94.4m (up NT$93.7m from 2Q 2023). Profit margin: 3.1% (up from 0% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.お知らせ • Jul 25China General Plastics Corporation to Report Q2, 2024 Results on Aug 01, 2024China General Plastics Corporation announced that they will report Q2, 2024 results on Aug 01, 2024Upcoming Dividend • Jul 18Upcoming dividend of NT$0.35 per shareEligible shareholders must have bought the stock before 25 July 2024. Payment date: 23 August 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.2%).Major Estimate Revision • Jul 16Consensus EPS estimates increase by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from NT$12.8b to NT$13.1b. EPS estimate increased from NT$0.515 to NT$0.637 per share. Net income forecast to grow 34% next year vs 25% growth forecast for Chemicals industry in Taiwan. Consensus price target up from NT$19.75 to NT$20.18. Share price rose 9.2% to NT$18.35 over the past week.Declared Dividend • Jun 08Dividend increased to NT$0.35Dividend of NT$0.35 is 17% higher than last year. Ex-date: 25th July 2024 Payment date: 23rd August 2024 Dividend yield will be 2.0%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (261% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 190% to bring the payout ratio under control. EPS is expected to grow by 58% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.お知らせ • May 29+ 1 more updateChina General Plastics Corporation Appoints Chang,Chen-Ming as Independent DirectorChina General Plastics Corporation approved election of Ms. Chang,Chen-Ming as Independent Director. Resume of the new position holder: Associate Professor, Department of Communication Design, Chung Yuan Christian University. Original term: from May 30, 2022 to May 29, 2025. Effective date of the new appointment: May 28, 2024.分析記事 • May 21We Think That There Are Some Issues For China General Plastics (TWSE:1305) Beyond Its Promising EarningsChina General Plastics Corporation's ( TWSE:1305 ) robust recent earnings didn't do much to move the stock. We believe...Major Estimate Revision • May 16Consensus EPS estimates increase by 34%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from NT$13.3b to NT$13.4b. EPS estimate increased from NT$0.457 to NT$0.614 per share. Net income forecast to grow 432% next year vs 38% growth forecast for Chemicals industry in Taiwan. Consensus price target of NT$21.25 unchanged from last update. Share price was steady at NT$18.15 over the past week.Reported Earnings • May 10First quarter 2024 earnings released: NT$0.05 loss per share (vs NT$0.40 profit in 1Q 2023)First quarter 2024 results: NT$0.05 loss per share (down from NT$0.40 profit in 1Q 2023). Revenue: NT$2.90b (down 23% from 1Q 2023). Net loss: NT$31.7m (down 114% from profit in 1Q 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.Board Change • May 07Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Lian-Xian Li was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • May 03China General Plastics Corporation Announces the Change of Accounting Officer, Effective July 1, 2024China General Plastics Corporation announced the change of accounting officer. Name, title, and resume of the previous position holder: Kuo, Chien-Chou, Accounting manager. Name, title, and resume of the new position holder: Li, Chun-Feng,Accounting manager. Effective date: July 1, 2024.お知らせ • Apr 26China General Plastics Corporation to Report Q1, 2024 Results on May 02, 2024China General Plastics Corporation announced that they will report Q1, 2024 results on May 02, 2024Major Estimate Revision • Mar 20Consensus EPS estimates fall by 69%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$14.4b to NT$13.3b. EPS estimate also fell from NT$1.45 per share to NT$0.457 per share. Net income forecast to shrink 22% next year vs 23% growth forecast for Chemicals industry in Taiwan . Consensus price target down from NT$25.90 to NT$21.25. Share price fell 4.7% to NT$18.15 over the past week.分析記事 • Mar 17Earnings Miss: China General Plastics Corporation Missed EPS By 33% And Analysts Are Revising Their ForecastsShareholders might have noticed that China General Plastics Corporation ( TWSE:1305 ) filed its yearly result this time...Reported Earnings • Mar 14Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: NT$0.59 (up from NT$0.64 loss in FY 2022). Revenue: NT$13.7b (down 22% from FY 2022). Net income: NT$341.9m (up NT$712.2m from FY 2022). Profit margin: 2.5% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 33%. Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.お知らせ • Mar 06+ 1 more updateChina General Plastics Corporation, Annual General Meeting, May 28, 2024China General Plastics Corporation, Annual General Meeting, May 28, 2024, at 09:00 Taipei Standard Time. Location: No.106, Gongyuan Rd, Zhunnan Town Miaoli County(Aesthetics Hotel), Taiwan Taiwan Agenda: To report 2023 Operating results; to report Audit Committee's Review Reports of 2023 Financial Statement; to report 2023 remuneration of directors and employees; to ratify 2023 Business Report and Financial Statements; to ratify 2023 Earnings Distribution; to approve the permission of Directors for competition actions; to approve the permission of new independent director for competitive actions; and to consider other matters.Price Target Changed • Nov 15Price target decreased by 8.4% to NT$27.24Down from NT$29.74, the current price target is an average from 5 analysts. New target price is 19% above last closing price of NT$22.90. Stock is up 13% over the past year. The company is forecast to post earnings per share of NT$1.12 next year compared to a net loss per share of NT$0.64 last year.お知らせ • Nov 03China General Plastics Corporation Announces the Appointment of Hsu, Chen-Yi as Member of Remuneration CommitteeChina General Plastics Corporation announced the appointment of Hsu, Chen-Yi as member of Remuneration Committee. Resume of the new position holder: Independent Director/Audit Committee of the company. Reason for the change: Supplementary appointment of remuneration committee member. Effective date of the new member: November 2, 2023.お知らせ • Oct 13+ 1 more updateChina General Plastics Corporation Announces the Resignation of Li, Liang-Xian as Independent DirectorChina General Plastics Corporation announced the resignation of Mr. Li, Liang-Xian as independent director. Resume of the previous position holder: Independent Director/Audit Committee/Remuneration Committee of China General Plastics Corporation. Reason for the change: Resigned due to personal health reasons. Date of occurrence of the change: October 12, 2023.Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: NT$0.001 (vs NT$0.15 loss in 2Q 2022)Second quarter 2023 results: EPS: NT$0.001 (up from NT$0.15 loss in 2Q 2022). Revenue: NT$3.34b (down 31% from 2Q 2022). Net income: NT$691.0k (up NT$88.5m from 2Q 2022). Profit margin: 0% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.Upcoming Dividend • Jul 20Upcoming dividend of NT$0.30 per share at 1.3% yieldEligible shareholders must have bought the stock before 27 July 2023. Payment date: 25 August 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.7%).お知らせ • May 27China General Plastics Corporation Approves Cash Dividend for 2022China General Plastics Corporation at the Annual General Shareholders' Meeting held on May 26, 2023 approved cash dividend of TWD 0.3 per share, total TWD 174,315,148 for 2022.Reported Earnings • Mar 16Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: NT$0.64 loss per share (down from NT$4.25 profit in FY 2021). Revenue: NT$17.6b (down 13% from FY 2021). Net loss: NT$370.2m (down 115% from profit in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 1.9% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Dec 13Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$25.85, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 14x in the Chemicals industry in Taiwan. Total returns to shareholders of 58% over the past three years.Price Target Changed • Nov 16Price target decreased to NT$24.00Down from NT$27.75, the current price target is an average from 3 analysts. New target price is 18% above last closing price of NT$20.30. Stock is down 42% over the past year. The company is forecast to post earnings per share of NT$1.05 for next year compared to NT$4.25 last year.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 not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Zu-De Li was the last independent director to join the board, commencing their role in 2016. 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 06Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: NT$1.17 loss per share (down from NT$0.85 profit in 3Q 2021). Revenue: NT$3.98b (down 28% from 3Q 2021). Net loss: NT$680.9m (down 238% from profit in 3Q 2021). Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.お知らせ • Sep 24China General Plastics Corporation Announces Replacement of Mr. Wang, Ke-Shun with Mr. Wu, Pei-Ji as Juristic-Person DirectorChina General Plastics Corporation announced replacement of Mr. Wang, Ke-Shun with Mr. Wu, Pei-Ji, Director, Asia Polymer Corporation as juristic-person director, with effect from September 23, 2022.Major Estimate Revision • Aug 23Consensus EPS estimates fall by 60%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from NT$20.5b to NT$19.4b. EPS estimate also fell from NT$2.24 per share to NT$0.89 per share. Net income forecast to shrink 43% next year vs 6.6% growth forecast for Chemicals industry in Taiwan . Consensus price target down from NT$32.50 to NT$27.75. Share price was steady at NT$23.80 over the past week.Price Target Changed • Aug 22Price target decreased to NT$29.50Down from NT$33.00, the current price target is an average from 4 analysts. New target price is 22% above last closing price of NT$24.25. Stock is down 33% over the past year. The company is forecast to post earnings per share of NT$3.18 for next year compared to NT$4.25 last year.Reported Earnings • Aug 05Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: NT$0.15 loss per share (down from NT$0.94 profit in 2Q 2021). Revenue: NT$4.84b (up 5.8% from 2Q 2021). Net loss: NT$87.8m (down 116% from profit in 2Q 2021). Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to decline by 1.9% while the industry in Taiwan is not expected to grow. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 21Upcoming dividend of NT$2.50 per shareEligible shareholders must have bought the stock before 28 July 2022. Payment date: 31 August 2022. Payout ratio is a comfortable 69% and the cash payout ratio is 96%. Trailing yield: 8.8%. Within top quartile of Taiwanese dividend payers (6.7%). In line with average of industry peers (8.2%).お知らせ • Jun 03China General Plastics Corporation Announces Members Change of Remuneration CommitteeChina General Plastics Corporation announced change in members of audit committee from Zheng, Ying-Bin (Independent Director): Chairman of Longchen Paper & Packaging Co. Ltd. Li, Zu-De (Independent Director): Director of Taipei Medical University Li, Liang-Xian (Independent Director): General Manager of Chemicals and Special Chemicals Department in Greater China of Dow Chemical(U.S.A.) to Zheng, Ying-Bin (Independent Director) Li, Zu-De (Independent Director) Li, Liang-Xian (Independent Director). Effective date of the new members is June 2, 2022. Resume of the previous position holder: Zheng, Ying-Bin (Independent Director): Chairman of Longchen Paper & Packaging Co. Ltd. Li, Zu-De (Independent Director): Director of Taipei Medical University, Li, Liang-Xian (Independent Director): General Manager of Chemicals and Special Chemicals Department in Greater China of Dow Chemical(U.S.A.). Resume of the new position holder: Zheng, Ying-Bin (Independent Director): Chairman of Longchen Paper & Packaging Co. Ltd. Li, Zu-De (Independent Director): Director of Taipei Medical University. Li, Liang-Xian (Independent Director): General Manager of Chemicals and Special Chemicals and Department in Greater China of Dow Chemical(U.S.A.).お知らせ • Jun 01+ 1 more updateChina General Plastics Corporation Announces Dividend for the Year 2021China General Plastics Corporation announced dividend for the year 2021. For the year, the company reported dividend of TWD 2.5 per share.Reported Earnings • May 11First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: NT$0.78 (down from NT$1.42 in 1Q 2021). Revenue: NT$5.31b (up 6.6% from 1Q 2021). Net income: NT$450.8m (down 46% from 1Q 2021). Profit margin: 8.5% (down from 17% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) also surpassed analyst estimates by 23%. Over the next year,revenue is forecast to stay flat, in line with the revenue forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.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 Zu-De Li was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Major Estimate Revision • Mar 24Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from NT$21.1b to NT$20.5b. EPS estimate rose from NT$2.98 to NT$3.43. Net income forecast to shrink 19% next year vs 12% decline forecast for Chemicals industry in Taiwan. Consensus price target broadly unchanged at NT$37.00. Share price rose 4.2% to NT$35.90 over the past week.Reported Earnings • Mar 12Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: NT$4.25 (up from NT$2.81 in FY 2020). Revenue: NT$20.2b (up 47% from FY 2020). Net income: NT$2.47b (up 52% from FY 2020). Profit margin: 12% (in line with FY 2020). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 7.4%. Over the next year, revenue is forecast to grow 4.5% while the industry in Taiwan is not expected to grow. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 09Third quarter 2021 earnings released: EPS NT$0.85 (vs NT$0.61 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: NT$5.55b (up 70% from 3Q 2020). Net income: NT$494.7m (up 39% from 3Q 2020). Profit margin: 8.9% (down from 11% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.Price Target Changed • Sep 29Price target increased to NT$39.34Up from NT$36.19, the current price target is an average from 4 analysts. New target price is 15% below last closing price of NT$46.15. Stock is up 149% over the past year.Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$43.10, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Chemicals industry in Taiwan. Total returns to shareholders of 123% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$54.23 per share.Upcoming Dividend • Aug 26Upcoming dividend of NT$1.80 per shareEligible shareholders must have bought the stock before 02 September 2021. Payment date: 07 October 2021. Trailing yield: 4.6%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.9%).Reported Earnings • Aug 06Second quarter 2021 earnings released: EPS NT$0.94 (vs NT$0.10 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$4.58b (up 100% from 2Q 2020). Net income: NT$546.7m (up NT$602.6m from 2Q 2020). Profit margin: 12% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 12Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to NT$32.20, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Chemicals industry in Taiwan. Total returns to shareholders of 32% over the past three years.Reported Earnings • May 07First quarter 2021 earnings released: EPS NT$1.49 (vs NT$0.56 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$4.98b (up 39% from 1Q 2020). Net income: NT$826.7m (up 166% from 1Q 2020). Profit margin: 17% (up from 8.6% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.分析記事 • Apr 23At NT$43.85, Is China General Plastics Corporation (TPE:1305) Worth Looking At Closely?While China General Plastics Corporation ( TPE:1305 ) might not be the most widely known stock at the moment, it saw a...Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$45.40, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Chemicals industry in Taiwan. Total returns to shareholders of 80% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$87.75 per share.分析記事 • Mar 24Returns On Capital Are Showing Encouraging Signs At China General Plastics (TPE:1305)There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...分析記事 • Mar 09Analysts Just Published A Bright New Outlook For China General Plastics Corporation's (TPE:1305)China General Plastics Corporation ( TPE:1305 ) shareholders will have a reason to smile today, with the analysts...Price Target Changed • Mar 09Price target raised to NT$29.72Up from NT$27.52, the current price target is an average from 2 analysts. The new target price is 9.3% below the current share price of NT$32.75. As of last close, the stock is up 82% over the past year.分析記事 • Mar 06Earnings Beat: China General Plastics Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their ModelsA week ago, China General Plastics Corporation ( TPE:1305 ) came out with a strong set of yearly numbers that could...お知らせ • Mar 06China General Plastics Corporation, Annual General Meeting, May 28, 2021China General Plastics Corporation, Annual General Meeting, May 28, 2021, at 09:00 Taipei Standard Time. Location: No.106, Gongyuan Rd, Zhunnan Town Miaoli County(Aesthetics Hotel) Taipei Taiwan Agenda: To report 2020 Operating results ; to report Audit Committee's Review Reports of 2020 Financial Statement ; to report 2020 remuneration of employees and directors; to ratify 2020 Business Report and Financial Statements; to ratify 2020 Earnings Distribution ; to approve the capitalization on part of dividends; to approve the amendment to the Parliamentary Rules for Shareholders' Meetings; and to approve the permission of Directors for competitive actions.Reported Earnings • Mar 06Full year 2020 earnings released: EPS NT$2.94 (vs NT$1.15 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$13.7b (down 9.2% from FY 2019). Net income: NT$1.63b (up 155% from FY 2019). Profit margin: 12% (up from 4.2% 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 17% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Analyst Estimate Surprise Post Earnings • Mar 06Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 33%. Over the next year, revenue is forecast to grow 18%, compared to a 14% growth forecast for the Chemicals industry in Taiwan.Is New 90 Day High Low • Feb 23New 90-day high: NT$29.85The company is up 30% from its price of NT$23.00 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$119 per share.Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improved over the past weekAfter last week's 26% share price gain to NT$29.85, the stock is trading at a trailing P/E ratio of 19.4x, up from the previous P/E ratio of 15.5x. This compares to an average P/E of 20x in the Chemicals industry in Taiwan. Total returns to shareholders over the past three years are 16%.分析記事 • Feb 19Would China General Plastics Corporation (TPE:1305) Be Valuable To Income Investors?Could China General Plastics Corporation ( TPE:1305 ) be an attractive dividend share to own for the long haul...分析記事 • Feb 04Shareholders Of China General Plastics (TPE:1305) Must Be Happy With Their 168% Total ReturnWhen you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...分析記事 • Jan 19We Think China General Plastics (TPE:1305) Can Manage Its Debt With EaseWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...分析記事 • Jan 04Are Investors Undervaluing China General Plastics Corporation (TPE:1305) By 45%?Today we will run through one way of estimating the intrinsic value of China General Plastics Corporation ( TPE:1305...Is New 90 Day High Low • Dec 31New 90-day high: NT$25.45The company is up 31% from its price of NT$19.45 on 30 September 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$46.73 per share.Major Estimate Revision • Dec 25Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate increased from NT$1.65 to NT$2.01. No change was made to the revenue estimate which at the last update was NT$13.0b. Net income is expected to grow by 39% next year compared to 48% growth forecast for the Chemicals industry in Taiwan. The consensus price target of NT$25.32 was unchanged from the last update. Share price is up 7.0% to NT$24.50 over the past week.分析記事 • Dec 22Will China General Plastics' (TPE:1305) Growth In ROCE Persist?If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...Is New 90 Day High Low • Dec 14New 90-day high: NT$25.00The company is up 14% from its price of NT$22.00 on 15 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$46.76 per share.業績と収益の成長予測TWSE:1305 - アナリストの将来予測と過去の財務データ ( )TWD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20279,636-402N/A-306112/31/202611,798-236N/A1,02313/31/20269,433-771-2,157327N/A12/31/20259,221-919-2,102-87N/A9/30/20259,929-1,139-2,318-560N/A6/30/202510,226-1,447-1,708-105N/A3/31/202510,644-947-1,083469N/A12/31/202411,087-710-737776N/A9/30/202411,765-387-822649N/A6/30/202412,568172-517978N/A3/31/202412,83278-1631,225N/A12/31/202313,707342-4101,021N/A9/30/202313,992328-2881,120N/A6/30/202314,611-500-448906N/A3/31/202316,110-589-1,29459N/A12/31/202217,637-370-641816N/A9/30/202219,2522834531,864N/A6/30/202220,8141,4582441,747N/A3/31/202220,5502,0931,0352,769N/A12/31/202120,2222,4695252,206N/A9/30/202119,6922,8893842,090N/A6/30/202117,4092,7521,2422,821N/A3/31/202115,1212,1508802,190N/A12/31/202013,7331,6349552,088N/A9/30/202012,8518526891,941N/A6/30/202013,4146656331,722N/A3/31/202015,4817669341,856N/A12/31/201915,118639N/A2,017N/A9/30/201915,301512N/A1,531N/A6/30/201914,952578N/A1,573N/A3/31/201914,276910N/A1,789N/A12/31/201815,1931,269N/A1,828N/A9/30/201815,0721,523N/A1,658N/A6/30/201815,2101,561N/A1,732N/A3/31/201815,1551,437N/A1,857N/A12/31/201714,7021,272N/A1,611N/A9/30/201714,4321,470N/A2,007N/A6/30/201714,1791,474N/A1,623N/A3/31/201714,0831,617N/A1,906N/A12/31/201614,1571,421N/A2,185N/A9/30/201614,1861,126N/A1,638N/A6/30/201613,790950N/A1,310N/A3/31/201613,947812N/A572N/A12/31/201513,842799N/A390N/A9/30/201513,530478N/A962N/A6/30/201514,199427N/A236N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 1305今後 3 年間、利益が出ない状態が続くと予測されています。収益対市場: 1305今後 3 年間、利益が出ない状態が続くと予測されています。高成長収益: 1305今後 3 年間、利益が出ない状態が続くと予測されています。収益対市場: 1305の収益は今後 3 年間で減少すると予想されています (年間-0.05% )。高い収益成長: 1305の収益は今後 3 年間で減少すると予測されています (年間-0.05% )。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 1305の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance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2026/05/21 07:03終値2026/05/21 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China General Plastics Corporation 1 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Yayue HsuehCapital Securities Corporationnull nullKGI Securities Co. Ltd.Jiayuan HsuKGI Securities Co. Ltd.2 その他のアナリストを表示
Major Estimate Revision • 23hConsensus revenue estimates increase by 13%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$10.4b to NT$11.8b. Forecast losses expected to reduce from -NT$0.78 to -NT$0.41 per share. Chemicals industry in Taiwan expected to see average net income growth of 72% next year. Consensus price target down from NT$15.50 to NT$11.00. Share price was steady at NT$12.55 over the past week.
Price Target Changed • 23hPrice target decreased by 29% to NT$11.00Down from NT$15.50, the current price target is provided by 1 analyst. New target price is 12% below last closing price of NT$12.55. Stock is up 13% over the past year. The company is forecast to post a net loss per share of NT$0.41 next year compared to a net loss per share of NT$1.58 last year.
Major Estimate Revision • Nov 29Consensus EPS estimates fall by 25%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$10.3b to NT$9.41b. Losses expected to increase from NT$1.37 per share to NT$1.70. Chemicals industry in Taiwan expected to see average net income growth of 41% next year. Consensus price target of NT$16.75 unchanged from last update. Share price rose 6.2% to NT$11.15 over the past week.
Price Target Changed • Aug 02Price target decreased by 12% to NT$16.75Down from NT$19.00, the current price target is an average from 2 analysts. New target price is 46% above last closing price of NT$11.45. Stock is down 36% over the past year. The company is forecast to post a net loss per share of NT$0.83 next year compared to a net loss per share of NT$1.22 last year.
Price Target Changed • Nov 29Price target decreased by 15% to NT$17.00Down from NT$19.93, the current price target is an average from 3 analysts. New target price is 25% above last closing price of NT$13.55. Stock is down 42% over the past year. The company is forecast to post a net loss per share of NT$0.75 compared to earnings per share of NT$0.59 last year.
Major Estimate Revision • Oct 22Consensus EPS estimates increase by 52%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from NT$12.0b to NT$11.6b. EPS estimate rose from NT$0.20 to NT$0.305. Net income forecast to grow 95% next year vs 28% growth forecast for Chemicals industry in Taiwan. Consensus price target down from NT$19.93 to NT$19.25. Share price was steady at NT$15.90 over the past week.
Major Estimate Revision • 23hConsensus revenue estimates increase by 13%The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from NT$10.4b to NT$11.8b. Forecast losses expected to reduce from -NT$0.78 to -NT$0.41 per share. Chemicals industry in Taiwan expected to see average net income growth of 72% next year. Consensus price target down from NT$15.50 to NT$11.00. Share price was steady at NT$12.55 over the past week.
Price Target Changed • 23hPrice target decreased by 29% to NT$11.00Down from NT$15.50, the current price target is provided by 1 analyst. New target price is 12% below last closing price of NT$12.55. Stock is up 13% over the past year. The company is forecast to post a net loss per share of NT$0.41 next year compared to a net loss per share of NT$1.58 last year.
Reported Earnings • May 11First quarter 2026 earnings released: NT$0.21 loss per share (vs NT$0.46 loss in 1Q 2025)First quarter 2026 results: NT$0.21 loss per share (improved from NT$0.46 loss in 1Q 2025). Revenue: NT$2.67b (up 8.6% from 1Q 2025). Net loss: NT$120.4m (loss narrowed 55% from 1Q 2025). Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 26China General Plastics Corporation to Report Q1, 2026 Results on May 04, 2026China General Plastics Corporation announced that they will report Q1, 2026 results on May 04, 2026
Reported Earnings • Mar 12Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: NT$1.58 loss per share (further deteriorated from NT$1.22 loss in FY 2024). Revenue: NT$9.22b (down 17% from FY 2024). Net loss: NT$919.0m (loss widened 29% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.2%. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
New Risk • Mar 12New major risk - Revenue and earnings growthEarnings have declined by 72% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 72% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change).
New Risk • Mar 10New 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 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change).
お知らせ • Mar 05China General Plastics Corporation, Annual General Meeting, May 26, 2026China General Plastics Corporation, Annual General Meeting, May 26, 2026, at 09:00 Taipei Standard Time. Location: no,106, kung yuan rd., jhunan township, miaoli county Taiwan
Major Estimate Revision • Nov 29Consensus EPS estimates fall by 25%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from NT$10.3b to NT$9.41b. Losses expected to increase from NT$1.37 per share to NT$1.70. Chemicals industry in Taiwan expected to see average net income growth of 41% next year. Consensus price target of NT$16.75 unchanged from last update. Share price rose 6.2% to NT$11.15 over the past week.
New Risk • Nov 19New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.
Reported Earnings • Nov 14Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: NT$0.18 loss per share (improved from NT$0.71 loss in 3Q 2024). Revenue: NT$2.27b (down 12% from 3Q 2024). Net loss: NT$103.3m (loss narrowed 75% from 3Q 2024). Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.
お知らせ • Oct 29China General Plastics Corporation to Report Q3, 2025 Results on Nov 04, 2025China General Plastics Corporation announced that they will report Q3, 2025 results on Nov 04, 2025
Reported Earnings • Aug 14Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: NT$0.70 loss per share (down from NT$0.16 profit in 2Q 2024). Revenue: NT$2.66b (down 14% from 2Q 2024). Net loss: NT$405.5m (down NT$499.9m from profit in 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 106%. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.
Price Target Changed • Aug 02Price target decreased by 12% to NT$16.75Down from NT$19.00, the current price target is an average from 2 analysts. New target price is 46% above last closing price of NT$11.45. Stock is down 36% over the past year. The company is forecast to post a net loss per share of NT$0.83 next year compared to a net loss per share of NT$1.22 last year.
Upcoming Dividend • Jul 17Upcoming dividend of NT$0.15 per shareEligible shareholders must have bought the stock before 24 July 2025. Payment date: 21 August 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (3.1%).
New Risk • Jun 30New major risk - Revenue and earnings growthEarnings have declined by 49% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.5% operating cash flow to total debt). Earnings have declined by 49% per year over the past 5 years.
Board Change • Jun 19Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Chen-Ming Chang was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Declared Dividend • Jun 04Dividend reduced to NT$0.15Dividend of NT$0.15 is 57% lower than last year. Ex-date: 24th July 2025 Payment date: 21st August 2025 Dividend yield will be 1.4%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments.
お知らせ • May 28China General Plastics Corporation Approves Cash Dividend for the Year 2024China General Plastics Corporation announced that at its AGM held on May 27, 2025, the shareholders approved 2024 earnings distribution: cash dividend of TWD 0.15 per share, total TWD 87,157,574.
New Risk • May 15New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 7.3% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.
Reported Earnings • May 09First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: NT$0.46 loss per share (further deteriorated from NT$0.054 loss in 1Q 2024). Revenue: NT$2.46b (down 15% from 1Q 2024). Net loss: NT$268.5m (loss widened NT$236.8m from 1Q 2024). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 31%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 25China General Plastics Corporation to Report Q1, 2025 Results on May 02, 2025China General Plastics Corporation announced that they will report Q1, 2025 results on May 02, 2025
Reported Earnings • Mar 15Full year 2024 earnings released: NT$1.22 loss per share (vs NT$0.59 profit in FY 2023)Full year 2024 results: NT$1.22 loss per share (down from NT$0.59 profit in FY 2023). Revenue: NT$11.1b (down 19% from FY 2023). Net loss: NT$710.0m (down 308% from profit in FY 2023). Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 05China General Plastics Corporation, Annual General Meeting, May 27, 2025China General Plastics Corporation, Annual General Meeting, May 27, 2025, at 09:00 Taipei Standard Time. Location: no,106, kung yuan rd., jhunan township, miaoli county Taiwan
お知らせ • Feb 25China General Plastics Corporation to Report Fiscal Year 2024 Results on Mar 04, 2025China General Plastics Corporation announced that they will report fiscal year 2024 results on Mar 04, 2025
Price Target Changed • Nov 29Price target decreased by 15% to NT$17.00Down from NT$19.93, the current price target is an average from 3 analysts. New target price is 25% above last closing price of NT$13.55. Stock is down 42% over the past year. The company is forecast to post a net loss per share of NT$0.75 compared to earnings per share of NT$0.59 last year.
Reported Earnings • Nov 17Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: NT$0.71 loss per share (down from NT$0.25 profit in 3Q 2023). Revenue: NT$2.56b (down 24% from 3Q 2023). Net loss: NT$411.5m (down 379% from profit in 3Q 2023). Revenue missed analyst estimates by 11%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to stay flat during the next 2 years compared to a 4.8% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.
お知らせ • Oct 26China General Plastics Corporation to Report Q3, 2024 Results on Nov 04, 2024China General Plastics Corporation announced that they will report Q3, 2024 results on Nov 04, 2024
Major Estimate Revision • Oct 22Consensus EPS estimates increase by 52%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from NT$12.0b to NT$11.6b. EPS estimate rose from NT$0.20 to NT$0.305. Net income forecast to grow 95% next year vs 28% growth forecast for Chemicals industry in Taiwan. Consensus price target down from NT$19.93 to NT$19.25. Share price was steady at NT$15.90 over the past week.
Board Change • Sep 20Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Chen-Ming Chang was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
分析記事 • Sep 10Does China General Plastics (TWSE:1305) Have A Healthy Balance Sheet?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Major Estimate Revision • Aug 21Consensus EPS estimates fall by 85%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$13.1b to NT$12.2b. EPS estimate also fell from NT$0.72 per share to NT$0.11 per share. Net income forecast to grow 62% next year vs 39% growth forecast for Chemicals industry in Taiwan. Consensus price target of NT$19.93 unchanged from last update. Share price fell 3.2% to NT$16.75 over the past week.
Reported Earnings • Aug 13Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: NT$0.16 (up from NT$0.001 in 2Q 2023). Revenue: NT$3.08b (down 7.9% from 2Q 2023). Net income: NT$94.4m (up NT$93.7m from 2Q 2023). Profit margin: 3.1% (up from 0% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.
お知らせ • Jul 25China General Plastics Corporation to Report Q2, 2024 Results on Aug 01, 2024China General Plastics Corporation announced that they will report Q2, 2024 results on Aug 01, 2024
Upcoming Dividend • Jul 18Upcoming dividend of NT$0.35 per shareEligible shareholders must have bought the stock before 25 July 2024. Payment date: 23 August 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (2.2%).
Major Estimate Revision • Jul 16Consensus EPS estimates increase by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from NT$12.8b to NT$13.1b. EPS estimate increased from NT$0.515 to NT$0.637 per share. Net income forecast to grow 34% next year vs 25% growth forecast for Chemicals industry in Taiwan. Consensus price target up from NT$19.75 to NT$20.18. Share price rose 9.2% to NT$18.35 over the past week.
Declared Dividend • Jun 08Dividend increased to NT$0.35Dividend of NT$0.35 is 17% higher than last year. Ex-date: 25th July 2024 Payment date: 23rd August 2024 Dividend yield will be 2.0%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is not covered by earnings (261% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 190% to bring the payout ratio under control. EPS is expected to grow by 58% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.
お知らせ • May 29+ 1 more updateChina General Plastics Corporation Appoints Chang,Chen-Ming as Independent DirectorChina General Plastics Corporation approved election of Ms. Chang,Chen-Ming as Independent Director. Resume of the new position holder: Associate Professor, Department of Communication Design, Chung Yuan Christian University. Original term: from May 30, 2022 to May 29, 2025. Effective date of the new appointment: May 28, 2024.
分析記事 • May 21We Think That There Are Some Issues For China General Plastics (TWSE:1305) Beyond Its Promising EarningsChina General Plastics Corporation's ( TWSE:1305 ) robust recent earnings didn't do much to move the stock. We believe...
Major Estimate Revision • May 16Consensus EPS estimates increase by 34%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from NT$13.3b to NT$13.4b. EPS estimate increased from NT$0.457 to NT$0.614 per share. Net income forecast to grow 432% next year vs 38% growth forecast for Chemicals industry in Taiwan. Consensus price target of NT$21.25 unchanged from last update. Share price was steady at NT$18.15 over the past week.
Reported Earnings • May 10First quarter 2024 earnings released: NT$0.05 loss per share (vs NT$0.40 profit in 1Q 2023)First quarter 2024 results: NT$0.05 loss per share (down from NT$0.40 profit in 1Q 2023). Revenue: NT$2.90b (down 23% from 1Q 2023). Net loss: NT$31.7m (down 114% from profit in 1Q 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance.
Board Change • May 07Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Lian-Xian Li was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • May 03China General Plastics Corporation Announces the Change of Accounting Officer, Effective July 1, 2024China General Plastics Corporation announced the change of accounting officer. Name, title, and resume of the previous position holder: Kuo, Chien-Chou, Accounting manager. Name, title, and resume of the new position holder: Li, Chun-Feng,Accounting manager. Effective date: July 1, 2024.
お知らせ • Apr 26China General Plastics Corporation to Report Q1, 2024 Results on May 02, 2024China General Plastics Corporation announced that they will report Q1, 2024 results on May 02, 2024
Major Estimate Revision • Mar 20Consensus EPS estimates fall by 69%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from NT$14.4b to NT$13.3b. EPS estimate also fell from NT$1.45 per share to NT$0.457 per share. Net income forecast to shrink 22% next year vs 23% growth forecast for Chemicals industry in Taiwan . Consensus price target down from NT$25.90 to NT$21.25. Share price fell 4.7% to NT$18.15 over the past week.
分析記事 • Mar 17Earnings Miss: China General Plastics Corporation Missed EPS By 33% And Analysts Are Revising Their ForecastsShareholders might have noticed that China General Plastics Corporation ( TWSE:1305 ) filed its yearly result this time...
Reported Earnings • Mar 14Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: NT$0.59 (up from NT$0.64 loss in FY 2022). Revenue: NT$13.7b (down 22% from FY 2022). Net income: NT$341.9m (up NT$712.2m from FY 2022). Profit margin: 2.5% (up from net loss in FY 2022). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 33%. Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 06+ 1 more updateChina General Plastics Corporation, Annual General Meeting, May 28, 2024China General Plastics Corporation, Annual General Meeting, May 28, 2024, at 09:00 Taipei Standard Time. Location: No.106, Gongyuan Rd, Zhunnan Town Miaoli County(Aesthetics Hotel), Taiwan Taiwan Agenda: To report 2023 Operating results; to report Audit Committee's Review Reports of 2023 Financial Statement; to report 2023 remuneration of directors and employees; to ratify 2023 Business Report and Financial Statements; to ratify 2023 Earnings Distribution; to approve the permission of Directors for competition actions; to approve the permission of new independent director for competitive actions; and to consider other matters.
Price Target Changed • Nov 15Price target decreased by 8.4% to NT$27.24Down from NT$29.74, the current price target is an average from 5 analysts. New target price is 19% above last closing price of NT$22.90. Stock is up 13% over the past year. The company is forecast to post earnings per share of NT$1.12 next year compared to a net loss per share of NT$0.64 last year.
お知らせ • Nov 03China General Plastics Corporation Announces the Appointment of Hsu, Chen-Yi as Member of Remuneration CommitteeChina General Plastics Corporation announced the appointment of Hsu, Chen-Yi as member of Remuneration Committee. Resume of the new position holder: Independent Director/Audit Committee of the company. Reason for the change: Supplementary appointment of remuneration committee member. Effective date of the new member: November 2, 2023.
お知らせ • Oct 13+ 1 more updateChina General Plastics Corporation Announces the Resignation of Li, Liang-Xian as Independent DirectorChina General Plastics Corporation announced the resignation of Mr. Li, Liang-Xian as independent director. Resume of the previous position holder: Independent Director/Audit Committee/Remuneration Committee of China General Plastics Corporation. Reason for the change: Resigned due to personal health reasons. Date of occurrence of the change: October 12, 2023.
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: NT$0.001 (vs NT$0.15 loss in 2Q 2022)Second quarter 2023 results: EPS: NT$0.001 (up from NT$0.15 loss in 2Q 2022). Revenue: NT$3.34b (down 31% from 2Q 2022). Net income: NT$691.0k (up NT$88.5m from 2Q 2022). Profit margin: 0% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jul 20Upcoming dividend of NT$0.30 per share at 1.3% yieldEligible shareholders must have bought the stock before 27 July 2023. Payment date: 25 August 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.7%).
お知らせ • May 27China General Plastics Corporation Approves Cash Dividend for 2022China General Plastics Corporation at the Annual General Shareholders' Meeting held on May 26, 2023 approved cash dividend of TWD 0.3 per share, total TWD 174,315,148 for 2022.
Reported Earnings • Mar 16Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: NT$0.64 loss per share (down from NT$4.25 profit in FY 2021). Revenue: NT$17.6b (down 13% from FY 2021). Net loss: NT$370.2m (down 115% from profit in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 1.9% growth forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Dec 13Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$25.85, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 14x in the Chemicals industry in Taiwan. Total returns to shareholders of 58% over the past three years.
Price Target Changed • Nov 16Price target decreased to NT$24.00Down from NT$27.75, the current price target is an average from 3 analysts. New target price is 18% above last closing price of NT$20.30. Stock is down 42% over the past year. The company is forecast to post earnings per share of NT$1.05 for next year compared to NT$4.25 last year.
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 not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Zu-De Li was the last independent director to join the board, commencing their role in 2016. 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 06Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: NT$1.17 loss per share (down from NT$0.85 profit in 3Q 2021). Revenue: NT$3.98b (down 28% from 3Q 2021). Net loss: NT$680.9m (down 238% from profit in 3Q 2021). Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Chemicals industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
お知らせ • Sep 24China General Plastics Corporation Announces Replacement of Mr. Wang, Ke-Shun with Mr. Wu, Pei-Ji as Juristic-Person DirectorChina General Plastics Corporation announced replacement of Mr. Wang, Ke-Shun with Mr. Wu, Pei-Ji, Director, Asia Polymer Corporation as juristic-person director, with effect from September 23, 2022.
Major Estimate Revision • Aug 23Consensus EPS estimates fall by 60%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from NT$20.5b to NT$19.4b. EPS estimate also fell from NT$2.24 per share to NT$0.89 per share. Net income forecast to shrink 43% next year vs 6.6% growth forecast for Chemicals industry in Taiwan . Consensus price target down from NT$32.50 to NT$27.75. Share price was steady at NT$23.80 over the past week.
Price Target Changed • Aug 22Price target decreased to NT$29.50Down from NT$33.00, the current price target is an average from 4 analysts. New target price is 22% above last closing price of NT$24.25. Stock is down 33% over the past year. The company is forecast to post earnings per share of NT$3.18 for next year compared to NT$4.25 last year.
Reported Earnings • Aug 05Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: NT$0.15 loss per share (down from NT$0.94 profit in 2Q 2021). Revenue: NT$4.84b (up 5.8% from 2Q 2021). Net loss: NT$87.8m (down 116% from profit in 2Q 2021). Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to decline by 1.9% while the industry in Taiwan is not expected to grow. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 21Upcoming dividend of NT$2.50 per shareEligible shareholders must have bought the stock before 28 July 2022. Payment date: 31 August 2022. Payout ratio is a comfortable 69% and the cash payout ratio is 96%. Trailing yield: 8.8%. Within top quartile of Taiwanese dividend payers (6.7%). In line with average of industry peers (8.2%).
お知らせ • Jun 03China General Plastics Corporation Announces Members Change of Remuneration CommitteeChina General Plastics Corporation announced change in members of audit committee from Zheng, Ying-Bin (Independent Director): Chairman of Longchen Paper & Packaging Co. Ltd. Li, Zu-De (Independent Director): Director of Taipei Medical University Li, Liang-Xian (Independent Director): General Manager of Chemicals and Special Chemicals Department in Greater China of Dow Chemical(U.S.A.) to Zheng, Ying-Bin (Independent Director) Li, Zu-De (Independent Director) Li, Liang-Xian (Independent Director). Effective date of the new members is June 2, 2022. Resume of the previous position holder: Zheng, Ying-Bin (Independent Director): Chairman of Longchen Paper & Packaging Co. Ltd. Li, Zu-De (Independent Director): Director of Taipei Medical University, Li, Liang-Xian (Independent Director): General Manager of Chemicals and Special Chemicals Department in Greater China of Dow Chemical(U.S.A.). Resume of the new position holder: Zheng, Ying-Bin (Independent Director): Chairman of Longchen Paper & Packaging Co. Ltd. Li, Zu-De (Independent Director): Director of Taipei Medical University. Li, Liang-Xian (Independent Director): General Manager of Chemicals and Special Chemicals and Department in Greater China of Dow Chemical(U.S.A.).
お知らせ • Jun 01+ 1 more updateChina General Plastics Corporation Announces Dividend for the Year 2021China General Plastics Corporation announced dividend for the year 2021. For the year, the company reported dividend of TWD 2.5 per share.
Reported Earnings • May 11First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: NT$0.78 (down from NT$1.42 in 1Q 2021). Revenue: NT$5.31b (up 6.6% from 1Q 2021). Net income: NT$450.8m (down 46% from 1Q 2021). Profit margin: 8.5% (down from 17% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) also surpassed analyst estimates by 23%. Over the next year,revenue is forecast to stay flat, in line with the revenue forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
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 Zu-De Li was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Major Estimate Revision • Mar 24Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from NT$21.1b to NT$20.5b. EPS estimate rose from NT$2.98 to NT$3.43. Net income forecast to shrink 19% next year vs 12% decline forecast for Chemicals industry in Taiwan. Consensus price target broadly unchanged at NT$37.00. Share price rose 4.2% to NT$35.90 over the past week.
Reported Earnings • Mar 12Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: NT$4.25 (up from NT$2.81 in FY 2020). Revenue: NT$20.2b (up 47% from FY 2020). Net income: NT$2.47b (up 52% from FY 2020). Profit margin: 12% (in line with FY 2020). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 7.4%. Over the next year, revenue is forecast to grow 4.5% while the industry in Taiwan is not expected to grow. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 09Third quarter 2021 earnings released: EPS NT$0.85 (vs NT$0.61 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: NT$5.55b (up 70% from 3Q 2020). Net income: NT$494.7m (up 39% from 3Q 2020). Profit margin: 8.9% (down from 11% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Sep 29Price target increased to NT$39.34Up from NT$36.19, the current price target is an average from 4 analysts. New target price is 15% below last closing price of NT$46.15. Stock is up 149% over the past year.
Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improved over the past weekAfter last week's 19% share price gain to NT$43.10, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Chemicals industry in Taiwan. Total returns to shareholders of 123% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$54.23 per share.
Upcoming Dividend • Aug 26Upcoming dividend of NT$1.80 per shareEligible shareholders must have bought the stock before 02 September 2021. Payment date: 07 October 2021. Trailing yield: 4.6%. Lower than top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (2.9%).
Reported Earnings • Aug 06Second quarter 2021 earnings released: EPS NT$0.94 (vs NT$0.10 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$4.58b (up 100% from 2Q 2020). Net income: NT$546.7m (up NT$602.6m from 2Q 2020). Profit margin: 12% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 12Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to NT$32.20, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Chemicals industry in Taiwan. Total returns to shareholders of 32% over the past three years.
Reported Earnings • May 07First quarter 2021 earnings released: EPS NT$1.49 (vs NT$0.56 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$4.98b (up 39% from 1Q 2020). Net income: NT$826.7m (up 166% from 1Q 2020). Profit margin: 17% (up from 8.6% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
分析記事 • Apr 23At NT$43.85, Is China General Plastics Corporation (TPE:1305) Worth Looking At Closely?While China General Plastics Corporation ( TPE:1305 ) might not be the most widely known stock at the moment, it saw a...
Valuation Update With 7 Day Price Move • Apr 19Investor sentiment improved over the past weekAfter last week's 17% share price gain to NT$45.40, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Chemicals industry in Taiwan. Total returns to shareholders of 80% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at NT$87.75 per share.
分析記事 • Mar 24Returns On Capital Are Showing Encouraging Signs At China General Plastics (TPE:1305)There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...
分析記事 • Mar 09Analysts Just Published A Bright New Outlook For China General Plastics Corporation's (TPE:1305)China General Plastics Corporation ( TPE:1305 ) shareholders will have a reason to smile today, with the analysts...
Price Target Changed • Mar 09Price target raised to NT$29.72Up from NT$27.52, the current price target is an average from 2 analysts. The new target price is 9.3% below the current share price of NT$32.75. As of last close, the stock is up 82% over the past year.
分析記事 • Mar 06Earnings Beat: China General Plastics Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their ModelsA week ago, China General Plastics Corporation ( TPE:1305 ) came out with a strong set of yearly numbers that could...
お知らせ • Mar 06China General Plastics Corporation, Annual General Meeting, May 28, 2021China General Plastics Corporation, Annual General Meeting, May 28, 2021, at 09:00 Taipei Standard Time. Location: No.106, Gongyuan Rd, Zhunnan Town Miaoli County(Aesthetics Hotel) Taipei Taiwan Agenda: To report 2020 Operating results ; to report Audit Committee's Review Reports of 2020 Financial Statement ; to report 2020 remuneration of employees and directors; to ratify 2020 Business Report and Financial Statements; to ratify 2020 Earnings Distribution ; to approve the capitalization on part of dividends; to approve the amendment to the Parliamentary Rules for Shareholders' Meetings; and to approve the permission of Directors for competitive actions.
Reported Earnings • Mar 06Full year 2020 earnings released: EPS NT$2.94 (vs NT$1.15 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$13.7b (down 9.2% from FY 2019). Net income: NT$1.63b (up 155% from FY 2019). Profit margin: 12% (up from 4.2% 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 17% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Analyst Estimate Surprise Post Earnings • Mar 06Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 33%. Over the next year, revenue is forecast to grow 18%, compared to a 14% growth forecast for the Chemicals industry in Taiwan.
Is New 90 Day High Low • Feb 23New 90-day high: NT$29.85The company is up 30% from its price of NT$23.00 on 25 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$119 per share.
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improved over the past weekAfter last week's 26% share price gain to NT$29.85, the stock is trading at a trailing P/E ratio of 19.4x, up from the previous P/E ratio of 15.5x. This compares to an average P/E of 20x in the Chemicals industry in Taiwan. Total returns to shareholders over the past three years are 16%.
分析記事 • Feb 19Would China General Plastics Corporation (TPE:1305) Be Valuable To Income Investors?Could China General Plastics Corporation ( TPE:1305 ) be an attractive dividend share to own for the long haul...
分析記事 • Feb 04Shareholders Of China General Plastics (TPE:1305) Must Be Happy With Their 168% Total ReturnWhen you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...
分析記事 • Jan 19We Think China General Plastics (TPE:1305) Can Manage Its Debt With EaseWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
分析記事 • Jan 04Are Investors Undervaluing China General Plastics Corporation (TPE:1305) By 45%?Today we will run through one way of estimating the intrinsic value of China General Plastics Corporation ( TPE:1305...
Is New 90 Day High Low • Dec 31New 90-day high: NT$25.45The company is up 31% from its price of NT$19.45 on 30 September 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$46.73 per share.
Major Estimate Revision • Dec 25Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate increased from NT$1.65 to NT$2.01. No change was made to the revenue estimate which at the last update was NT$13.0b. Net income is expected to grow by 39% next year compared to 48% growth forecast for the Chemicals industry in Taiwan. The consensus price target of NT$25.32 was unchanged from the last update. Share price is up 7.0% to NT$24.50 over the past week.
分析記事 • Dec 22Will China General Plastics' (TPE:1305) Growth In ROCE Persist?If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
Is New 90 Day High Low • Dec 14New 90-day high: NT$25.00The company is up 14% from its price of NT$22.00 on 15 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$46.76 per share.