New Risk • May 13
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.6% Last year net profit margin: 8.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 110% Paying a dividend despite having no free cash flows. Earnings have declined by 9.9% per year over the past 5 years. High level of non-cash earnings (58% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (5.6% net profit margin). Market cap is less than US$100m (NT$619.8m market cap, or US$19.6m). Reported Earnings • May 13
First quarter 2026 earnings released: EPS: NT$0.55 (vs NT$0.94 in 1Q 2025) First quarter 2026 results: EPS: NT$0.55 (down from NT$0.94 in 1Q 2025). Revenue: NT$186.8m (down 3.5% from 1Q 2025). Net income: NT$12.6m (down 36% from 1Q 2025). Profit margin: 6.8% (down from 10% in 1Q 2025). Upcoming Dividend • Apr 17
Upcoming dividend of NT$2.01 per share Eligible shareholders must have bought the stock before 24 April 2026. Payment date: 22 May 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 10%. Within top quartile of Taiwanese dividend payers (5.1%). Higher than average of industry peers (5.4%). 공시 • Mar 16
Speeding Rocket Co., Ltd, Annual General Meeting, Jun 26, 2026 Speeding Rocket Co., Ltd, Annual General Meeting, Jun 26, 2026. Location: 3 floor no,469, chung yang rd., sinjhuang district, new taipei city Taiwan Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$2.13 (vs NT$3.10 in FY 2024) Full year 2025 results: EPS: NT$2.13 (down from NT$3.10 in FY 2024). Revenue: NT$699.8m (up 5.2% from FY 2024). Net income: NT$45.8m (down 24% from FY 2024). Profit margin: 6.5% (down from 9.1% in FY 2024). The decrease in margin was driven by higher expenses. Board Change • Mar 03
No independent directors There are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Supervisor Yan Hua Li is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. New Risk • Dec 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 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (110% payout ratio). Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (NT$663.5m market cap, or US$21.1m). Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: NT$0.69 (vs NT$0.75 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.69 (down from NT$0.75 in 3Q 2024). Revenue: NT$175.5m (down 1.6% from 3Q 2024). Net income: NT$14.6m (down 3.6% from 3Q 2024). Profit margin: 8.3% (down from 8.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Reported Earnings • Aug 15
Second quarter 2025 earnings released: NT$0.15 loss per share (vs NT$0.05 loss in 2Q 2024) Second quarter 2025 results: NT$0.15 loss per share (further deteriorated from NT$0.05 loss in 2Q 2024). Revenue: NT$150.6m (down 1.0% from 2Q 2024). Net loss: NT$3.10m (loss widened 210% from 2Q 2024). 공시 • Aug 12
Speeding Rocket Co., Ltd has filed a Follow-on Equity Offering in the amount of TWD 79.44 million. Speeding Rocket Co., Ltd has filed a Follow-on Equity Offering in the amount of TWD 79.44 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 1,986,000
Price\Range: TWD 40 New Risk • Jun 01
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 6.8% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. 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: Major Risk Earnings have declined by 30% per year over the past 5 years. Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (NT$929.3m market cap, or US$31.1m). New Risk • May 18
New major risk - Revenue and earnings growth Earnings have declined by 30% 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 Risk Earnings have declined by 30% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$948.1m market cap, or US$31.4m). Reported Earnings • Apr 27
Full year 2024 earnings released: EPS: NT$3.10 (vs NT$1.01 in FY 2023) Full year 2024 results: EPS: NT$3.10 (up from NT$1.01 in FY 2023). Revenue: NT$665.1m (up 5.0% from FY 2023). Net income: NT$60.5m (up 268% from FY 2023). Profit margin: 9.1% (up from 2.6% in FY 2023). The increase in margin was primarily driven by higher revenue. New Risk • Apr 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 2.9% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (NT$787.5m market cap, or US$23.9m). 공시 • Jan 16
Speeding Rocket Co., Ltd, Annual General Meeting, Jun 05, 2025 Speeding Rocket Co., Ltd, Annual General Meeting, Jun 05, 2025. Location: no,40, szu yuan rd., sinjhuang district, new taipei city Taiwan Board Change • Oct 24
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Representative Director Tianyou Huang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.