New Risk • Aug 18
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.6% average weekly change). Market cap is less than US$100m (NT$2.28b market cap, or US$71.5m). Reported Earnings • Aug 18
Second quarter 2026 earnings released: EPS: NT$0.22 (vs NT$0.071 in 2Q 2025) Second quarter 2026 results: EPS: NT$0.22 (up from NT$0.071 in 2Q 2025). Revenue: NT$195.1m (down 3.2% from 2Q 2025). Net income: NT$23.8m (up 224% from 2Q 2025). Profit margin: 12% (up from 3.7% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$20.05, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 20x in the Commercial Services industry in Taiwan. Total returns to shareholders of 41% over the past three years. New Risk • Jul 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 9.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.5% average weekly change). Market cap is less than US$100m (NT$2.58b market cap, or US$79.7m). Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$25.60, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 21x in the Commercial Services industry in Taiwan. Total returns to shareholders of 58% over the past three years. Upcoming Dividend • Jul 02
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 09 July 2026. Payment date: 03 August 2026. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (3.4%). Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$22.70, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 19x in the Commercial Services industry in Taiwan. Total returns to shareholders of 78% over the past three years. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$19.10, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 20x in the Commercial Services industry in Taiwan. Total returns to shareholders of 49% over the past three years. Reported Earnings • May 16
First quarter 2026 earnings released: EPS: NT$0.50 (vs NT$0.50 in 1Q 2025) First quarter 2026 results: EPS: NT$0.50 (in line with 1Q 2025). Revenue: NT$225.1m (down 4.0% from 1Q 2025). Net income: NT$53.9m (up 4.9% from 1Q 2025). Profit margin: 24% (up from 22% in 1Q 2025). The increase in margin was driven by lower 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 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 17
Full year 2025 earnings released: EPS: NT$2.31 (vs NT$2.28 in FY 2024) Full year 2025 results: EPS: NT$2.31 (up from NT$2.28 in FY 2024). Revenue: NT$868.7m (down 18% from FY 2024). Net income: NT$243.2m (up 3.2% from FY 2024). Profit margin: 28% (up from 22% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. 공고 • Mar 10
Top High Image Corp., Annual General Meeting, May 27, 2026 Top High Image Corp., Annual General Meeting, May 27, 2026, at 11:00 Taipei Standard Time. Location: 2 floor no,366, ming hua rd., gushan district, kaohsiung city Taiwan Buy Or Sell Opportunity • Feb 06
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 7.3% to NT$22.10. The fair value is estimated to be NT$17.82, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jan 19
Now 22% overvalued The stock has been flat over the last 90 days, currently trading at NT$21.30. The fair value is estimated to be NT$17.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Dec 24
Now 21% overvalued Over the last 90 days, the stock has fallen 9.8% to NT$21.10. The fair value is estimated to be NT$17.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Nov 25
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 1.6% to NT$21.70. The fair value is estimated to be NT$17.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Nov 16
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (NT$2.37b market cap, or US$76.9m). Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: NT$0.64 (vs NT$1.10 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.64 (down from NT$1.10 in 3Q 2024). Revenue: NT$192.9m (down 48% from 3Q 2024). Net income: NT$67.0m (down 41% from 3Q 2024). Profit margin: 35% (up from 31% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. New Risk • Oct 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.7% 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 (16% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.27b market cap, or US$74.1m). New Risk • Sep 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.50b market cap, or US$82.3m). Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: NT$0.08 (vs NT$0.80 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.08 (down from NT$0.80 in 2Q 2024). Revenue: NT$201.5m (down 35% from 2Q 2024). Net income: NT$7.36m (down 90% from 2Q 2024). Profit margin: 3.7% (down from 24% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 08
Dividend of NT$0.80 announced Shareholders will receive a dividend of NT$0.80. Ex-date: 21st August 2025 Payment date: 26th September 2025 Dividend yield will be 3.4%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by both earnings (30% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 2.1% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 73% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$0.56 (vs NT$0.48 in 1Q 2024) First quarter 2025 results: EPS: NT$0.56 (up from NT$0.48 in 1Q 2024). Revenue: NT$234.6m (up 9.5% from 1Q 2024). Net income: NT$51.4m (up 17% from 1Q 2024). Profit margin: 22% (up from 21% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. 공고 • May 09
Top High Image Corp. has filed a Follow-on Equity Offering. Top High Image Corp. has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 4,000,000
Security Name: Shares
Security Type: Common Stock
Securities Offered: 1,000,000
Transaction Features: Reserved Share Offering; Rights Offering 공고 • May 01
Top High Image Corp. to Report Q1, 2025 Results on May 08, 2025 Top High Image Corp. announced that they will report Q1, 2025 results on May 08, 2025 New Risk • Apr 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (NT$2.32b market cap, or US$70.8m). Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$25.30, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 17x in the Commercial Services industry in Taiwan. Total returns to shareholders of 95% over the past three years. New Risk • Apr 07
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$2.88b market cap, or US$87.0m). Reported Earnings • Mar 26
Full year 2024 earnings released: EPS: NT$2.55 (vs NT$0.73 in FY 2023) Full year 2024 results: EPS: NT$2.55 (up from NT$0.73 in FY 2023). Revenue: NT$1.06b (up 37% from FY 2023). Net income: NT$235.6m (up 249% from FY 2023). Profit margin: 22% (up from 8.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. 공고 • Mar 10
Top High Image Corp., Annual General Meeting, Jun 17, 2025 Top High Image Corp., Annual General Meeting, Jun 17, 2025. Location: 9 floor no,767, po ai rd., zuoying district, kaohsiung city Taiwan 공고 • Mar 01
Top High Image Corp. to Report Fiscal Year 2024 Results on Mar 07, 2025 Top High Image Corp. announced that they will report fiscal year 2024 results on Mar 07, 2025 Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$1.23 (vs NT$0.15 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.23 (up from NT$0.15 in 3Q 2023). Revenue: NT$371.2m (up 93% from 3Q 2023). Net income: NT$113.6m (up NT$99.3m from 3Q 2023). Profit margin: 31% (up from 7.4% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. New Risk • Oct 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.21b (US$100.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Market cap is less than US$100m (NT$3.21b market cap, or US$100.0m). Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$44.45, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 24x in the Commercial Services industry in Taiwan. Total returns to shareholders of 285% over the past three years. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.83 (vs NT$0.30 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.83 (up from NT$0.30 in 2Q 2023). Revenue: NT$312.0m (up 54% from 2Q 2023). Net income: NT$73.7m (up 176% from 2Q 2023). Profit margin: 24% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 76% per year, which means it is significantly lagging earnings growth. New Risk • Aug 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 9.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Declared Dividend • Aug 11
Dividend increased to NT$0.20 Dividend of NT$0.20 is 100% higher than last year. Ex-date: 26th August 2024 Payment date: 30th September 2024 Dividend yield will be 0.4%, which is lower than the industry average of 4.0%. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$55.00, the stock trades at a trailing P/E ratio of 46.3x. Average trailing P/E is 29x in the Commercial Services industry in Taiwan. Total returns to shareholders of 351% over the past three years. 공고 • Aug 02
Top High Image Corp. to Report Q2, 2024 Results on Aug 09, 2024 Top High Image Corp. announced that they will report Q2, 2024 results on Aug 09, 2024 Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$47.30, the stock trades at a trailing P/E ratio of 39.8x. Average trailing P/E is 29x in the Commercial Services industry in Taiwan. Total returns to shareholders of 285% over the past three years. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$40.10, the stock trades at a trailing P/E ratio of 33.8x. Average trailing P/E is 28x in the Commercial Services industry in Taiwan. Total returns to shareholders of 225% over the past three years. Reported Earnings • May 20
First quarter 2024 earnings released: EPS: NT$0.50 (vs NT$0.068 in 1Q 2023) First quarter 2024 results: EPS: NT$0.50 (up from NT$0.068 in 1Q 2023). Revenue: NT$214.2m (up 43% from 1Q 2023). Net income: NT$44.1m (up NT$38.1m from 1Q 2023). Profit margin: 21% (up from 4.1% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. 공고 • May 03
Top High Image Corp. to Report Q1, 2024 Results on May 10, 2024 Top High Image Corp. announced that they will report Q1, 2024 results on May 10, 2024 Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$33.10, the stock trades at a trailing P/E ratio of 43.6x. Average trailing P/E is 27x in the Commercial Services industry in Taiwan. Total returns to shareholders of 144% over the past three years. New Risk • Apr 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risk Market cap is less than US$100m (NT$2.63b market cap, or US$81.0m). Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$29.75, the stock trades at a trailing P/E ratio of 39.2x. Average trailing P/E is 27x in the Commercial Services industry in Taiwan. Total returns to shareholders of 121% over the past three years. Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: NT$0.76 (vs NT$0.46 in FY 2022) Full year 2023 results: EPS: NT$0.76 (up from NT$0.46 in FY 2022). Revenue: NT$769.9m (down 3.5% from FY 2022). Net income: NT$67.5m (up 90% from FY 2022). Profit margin: 8.8% (up from 4.5% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to NT$27.30, the stock trades at a trailing P/E ratio of 42.9x. Average trailing P/E is 26x in the Commercial Services industry in Taiwan. Total returns to shareholders of 118% over the past three years. 공고 • Mar 08
Top High Image Corp., Annual General Meeting, May 27, 2024 Top High Image Corp., Annual General Meeting, May 27, 2024. Location: 2F, No. 366, Minghua Road, Gushan District, (2nd floor banquet hall of H2O Hotel) Kaohsiung City Taiwan Agenda: To Report on the distribution of employee remunerations and director remunerations in 2023; to consider 2023 Business Report; to consider the Audit Committee's review report on the Company's statements for 2023; to consider report on the 2023 distribution of cash dividends; to consider Amendment of the Company's Rules and Procedures for Board of Directors Meetings; to consider Proposal of the 2023 Business Report and Financial Statements; to consider 2023 earnings distribution proposal; and to consider other matters. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$18.95, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 25x in the Commercial Services industry in Taiwan. Total returns to shareholders of 36% over the past three years. Upcoming Dividend • Aug 16
Upcoming dividend of NT$0.10 per share at 0.6% yield Eligible shareholders must have bought the stock before 23 August 2023. Payment date: 27 September 2023. Trailing yield: 0.6%. Lower than top quartile of Taiwanese dividend payers (5.7%). Lower than average of industry peers (4.5%). Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: NT$0.30 (vs NT$0.18 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.30 (up from NT$0.18 in 2Q 2022). Revenue: NT$202.5m (down 12% from 2Q 2022). Net income: NT$26.7m (up 114% from 2Q 2022). Profit margin: 13% (up from 5.4% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. New Risk • Jul 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.3% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (28% increase in shares outstanding). Market cap is less than US$100m (NT$1.81b market cap, or US$58.3m). Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to NT$19.35, the stock trades at a trailing P/E ratio of 32.6x. Average trailing P/E is 24x in the Commercial Services industry in Taiwan. Total returns to shareholders of 50% over the past three years. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.33 (vs NT$0.004 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.33 (up from NT$0.004 in 3Q 2021). Revenue: NT$229.2m (up 55% from 3Q 2021). Net income: NT$24.2m (up NT$24.0m from 3Q 2021). Profit margin: 11% (up from 0.2% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.33 (vs NT$0.004 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.33 (up from NT$0.004 in 3Q 2021). Revenue: NT$229.2m (up 55% from 3Q 2021). Net income: NT$24.2m (up NT$24.0m from 3Q 2021). Profit margin: 11% (up from 0.2% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$0.18 (vs NT$0.047 loss in 2Q 2021) Second quarter 2022 results: EPS: NT$0.18 (up from NT$0.047 loss in 2Q 2021). Revenue: NT$229.5m (up 37% from 2Q 2021). Net income: NT$12.5m (up NT$15.0m from 2Q 2021). Profit margin: 5.4% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 2% per year. Reported Earnings • Mar 31
Full year 2021 earnings released: NT$0.86 loss per share (vs NT$1.49 loss in FY 2020) Full year 2021 results: NT$0.86 loss per share (up from NT$1.49 loss in FY 2020). Revenue: NT$571.5m (down 16% from FY 2020). Net loss: NT$52.4m (loss narrowed 35% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.003 (vs NT$0.56 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: NT$148.2m (down 7.5% from 3Q 2020). Net income: NT$250.0k (up NT$30.7m from 3Q 2020). Profit margin: 0.2% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • May 17
First quarter 2021 earnings released: NT$0.08 loss per share (vs NT$0.45 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: NT$132.3m (down 42% from 1Q 2020). Net loss: NT$4.32m (loss narrowed 82% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 26
Full year 2020 earnings released: NT$1.49 loss per share (vs NT$0.67 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: NT$682.0m (down 20% from FY 2019). Net loss: NT$80.2m (loss widened 123% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. 공고 • Mar 18
Top High Image Corp., Annual General Meeting, Jun 01, 2021 Top High Image Corp., Annual General Meeting, Jun 01, 2021. Is New 90 Day High Low • Mar 03
New 90-day low: NT$12.45 The company is down 10.0% from its price of NT$13.90 on 03 December 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is flat over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: NT$0.56 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: NT$160.3m (down 18% from 3Q 2019). Net loss: NT$30.5m (loss widened 266% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 121% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.