New Risk • May 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • May 13
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: NT$1.00. Revenue: NT$174.3m (up 41% from 1Q 2025). Net income: NT$37.1m (up 47% from 1Q 2025). Profit margin: 21% (in line with 1Q 2025). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 33%. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$246, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 24x in the Semiconductor industry in Taiwan. Total returns to shareholders of 202% over the past year. Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$6.25 (vs NT$4.41 in FY 2024) Full year 2025 results: EPS: NT$6.25 (up from NT$4.41 in FY 2024). Revenue: NT$594.4m (up 35% from FY 2024). Net income: NT$113.0m (up 66% from FY 2024). Profit margin: 19% (up from 15% in FY 2024). The increase in margin was driven by higher revenue. New Risk • Mar 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.11b (US$97.6m) 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 Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Cash payout ratio: null Minor Risk Market cap is less than US$100m (NT$3.11b market cap, or US$97.6m). 공시 • Mar 05
Jtron Technology Corp., Annual General Meeting, May 20, 2026 Jtron Technology Corp., Annual General Meeting, May 20, 2026. Location: no,1, kung yeh tung 2nd rd., hsinchu science park, hsinchu city Taiwan Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to NT$182, the stock trades at a trailing P/E ratio of 64.8x. Average trailing P/E is 36x in the Semiconductor industry in Taiwan. Total returns to shareholders of 118% over the past year. Board Change • Feb 26
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. 4 experienced directors. No highly experienced directors. 1 independent director (3 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. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$207, the stock trades at a trailing P/E ratio of 73.7x. Average trailing P/E is 34x in the Semiconductor industry in Taiwan. Total returns to shareholders of 147% over the past year. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$201, the stock trades at a trailing P/E ratio of 71.4x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Reported Earnings • Dec 18
Third quarter 2024 earnings released: EPS: NT$0.46 (vs NT$1.17 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.46 (down from NT$1.17 in 3Q 2023). Revenue: NT$103.6m (up 11% from 3Q 2023). Net income: NT$7.31m (down 46% from 3Q 2023). Profit margin: 7.1% (down from 15% in 3Q 2023). The decrease in margin was driven by higher expenses. 공시 • Nov 05
Jtron Technology Corp. has filed a Follow-on Equity Offering in the amount of TWD 1.8 billion. Jtron Technology Corp. has filed a Follow-on Equity Offering in the amount of TWD 1.8 billion.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 22,500,000
Price\Range: TWD 80 New Risk • Jul 22
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 6.4% 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 No financial data reported. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (NT$1.78b market cap, or US$60.5m). 공시 • Mar 07
Jtron Technology Corp., Annual General Meeting, May 23, 2025 Jtron Technology Corp., Annual General Meeting, May 23, 2025, at 09:00 Taipei Standard Time. Location: 6-1 floor no,27, kuan hsin rd., hsinchu city Taiwan 
