Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$23.35, the stock trades at a trailing P/E ratio of 78.1x. Average trailing P/E is 42x in the Semiconductor industry in Taiwan. Total returns to shareholders of 199% over the past three years. Reported Earnings • Apr 11
Full year 2025 earnings released: EPS: NT$0.30 (vs NT$0.55 in FY 2024) Full year 2025 results: EPS: NT$0.30 (down from NT$0.55 in FY 2024). Revenue: NT$95.7m (up 17% from FY 2024). Net income: NT$6.93m (down 46% from FY 2024). Profit margin: 7.2% (down from 16% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. 공시 • Mar 23
High Power Lighting Corp, Annual General Meeting, Jun 12, 2026 High Power Lighting Corp, Annual General Meeting, Jun 12, 2026, at 09:00 Taipei Standard Time. Location: 3 floor no,173-8, yung feng rd., tucheng district, new taipei city Taiwan New Risk • Feb 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (NT$291.0m market cap, or US$9.27m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Revenue is less than US$5m (NT$92m revenue, or US$2.9m). Board Change • Feb 25
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Jan 20
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 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Revenue is less than US$5m (NT$92m revenue, or US$2.9m). Market cap is less than US$100m (NT$320.0m market cap, or US$10.1m). Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$14.20, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 30% over the past three years. New Risk • Jun 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: NT$294.5m (US$9.84m) This is considered a major 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (NT$294.5m market cap, or US$9.84m). Minor Risk Revenue is less than US$5m (NT$82m revenue, or US$2.7m). Buy Or Sell Opportunity • Apr 10
Now 26% overvalued Over the last 90 days, the stock has fallen 30% to NT$13.05. The fair value is estimated to be NT$10.34, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Apr 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: NT$289.9m (US$8.77m) This is considered a major 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 Risks Share price has been highly volatile over the past 3 months (9.7% average weekly change). Market cap is less than US$10m (NT$289.9m market cap, or US$8.77m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Revenue is less than US$5m (NT$70m revenue, or US$2.1m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to NT$12.50, the stock trades at a trailing P/E ratio of 71.5x. Average trailing P/E is 25x in the Semiconductor industry in Taiwan. Total returns to shareholders of 1.2% over the past three years. 공시 • Mar 17
High Power Lighting Corp, Annual General Meeting, Jun 13, 2025 High Power Lighting Corp, Annual General Meeting, Jun 13, 2025. Location: 3 floor no,173-8, yung feng rd., tucheng district, new taipei city Taiwan New Risk • Feb 28
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 Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Revenue is less than US$5m (NT$70m revenue, or US$2.1m). Market cap is less than US$100m (NT$448.7m market cap, or US$13.6m). Buy Or Sell Opportunity • Dec 26
Now 70% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to NT$20.60. The fair value is estimated to be NT$12.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Sep 06
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 33% to NT$14.65. The fair value is estimated to be NT$12.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Aug 21
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to NT$14.45. The fair value is estimated to be NT$11.87, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$13.00, the stock trades at a trailing P/E ratio of 74.4x. Average trailing P/E is 29x in the Semiconductor industry in Taiwan. Total returns to shareholders of 24% over the past three years. Reported Earnings • Apr 10
Full year 2023 earnings released: NT$0.35 loss per share (vs NT$0.11 profit in FY 2022) Full year 2023 results: NT$0.35 loss per share (down from NT$0.11 profit in FY 2022). Revenue: NT$65.7m (down 26% from FY 2022). Net loss: NT$8.01m (down 423% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. 공시 • Mar 22
High Power Lighting Corp, Annual General Meeting, Jun 14, 2024 High Power Lighting Corp, Annual General Meeting, Jun 14, 2024. New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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 Risks Earnings have declined by 20% per year over the past 5 years. Market cap is less than US$10m (NT$161.2m market cap, or US$5.09m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (6.4% average weekly change). Revenue is less than US$5m (NT$70m revenue, or US$2.2m). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . 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 • Apr 04
Full year 2021 earnings released: NT$0.34 loss per share (vs NT$1.27 loss in FY 2020) Full year 2021 results: NT$0.34 loss per share (up from NT$1.27 loss in FY 2020). Revenue: NT$100.2m (up 27% from FY 2020). Net loss: NT$7.87m (loss narrowed 73% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 19
First half 2021 earnings released: NT$0.12 loss per share (vs NT$0.57 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: NT$54.5m (up 29% from 1H 2020). Net loss: NT$2.80m (loss narrowed 79% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 31
Full year 2020 earnings released: NT$1.27 loss per share (vs NT$1.77 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: NT$79.1k (down 100% from FY 2019). Net loss: NT$29.4k (loss narrowed 100% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 26
New 90-day high: NT$10.55 The company is up 7.0% from its price of NT$9.89 on 27 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 30% over the same period. Is New 90 Day High Low • Jan 21
New 90-day low: NT$8.80 The company is down 15% from its price of NT$10.35 on 21 October 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 39% over the same period. Is New 90 Day High Low • Dec 17
New 90-day low: NT$9.50 The company is down 10.0% from its price of NT$10.50 on 18 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 17% over the same period. Is New 90 Day High Low • Oct 19
New 90-day low: NT$9.90 The company is down 19% from its price of NT$12.25 on 21 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 18% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: NT$9.98 The company is down 16% from its price of NT$11.95 on 24 June 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 26% over the same period.