Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$79.20, the stock trades at a trailing P/E ratio of 52.8x. Average trailing P/E is 46x in the Semiconductor industry in Taiwan. Negligible returns to shareholders over past year. Reported Earnings • May 15
First quarter 2026 earnings released: EPS: NT$0.40 (vs NT$1.05 in 1Q 2025) First quarter 2026 results: EPS: NT$0.40 (down from NT$1.05 in 1Q 2025). Revenue: NT$101.4m (down 8.2% from 1Q 2025). Net income: NT$9.34m (down 58% from 1Q 2025). Profit margin: 9.2% (down from 20% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. New Risk • Apr 21
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 8.7% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 151% Paying a dividend despite having no free cash flows. High level of non-cash earnings (49% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (NT$1.90b market cap, or US$60.5m). Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to NT$74.50, the stock trades at a trailing P/E ratio of 36.1x. Average trailing P/E is 42x in the Semiconductor industry in Taiwan. Negligible returns to shareholders over past year. Upcoming Dividend • Mar 31
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 07 April 2026. Payment date: 05 May 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 7.1%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (1.5%). Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$57.00, the stock trades at a trailing P/E ratio of 27.7x. Average trailing P/E is 37x in the Semiconductor industry in Taiwan. Total loss to shareholders of 34% over the past year. New Risk • Mar 14
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: 11% Last year net profit margin: 21% 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: 126% Paying a dividend despite having no free cash flows. High level of non-cash earnings (49% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (NT$1.19b market cap, or US$37.0m). Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$2.25 (vs NT$5.50 in FY 2024) Full year 2025 results: EPS: NT$2.25 (down from NT$5.50 in FY 2024). Revenue: NT$435.3m (down 23% from FY 2024). Net income: NT$48.2m (down 59% from FY 2024). Profit margin: 11% (down from 21% in FY 2024). The decrease in margin was driven by lower revenue. Buy Or Sell Opportunity • Mar 13
Now 21% overvalued Over the last 90 days, the stock has fallen 27% to NT$50.90. The fair value is estimated to be NT$42.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 5.1%. Aankondiging • Mar 13
Jeilin Technology Co., Ltd., Annual General Meeting, Jun 26, 2026 Jeilin Technology Co., Ltd., Annual General Meeting, Jun 26, 2026. Location: no,631, chung cheng rd., jhonghe district, new taipei city Taiwan New Risk • Dec 31
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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 126% Paying a dividend despite having no free cash flows. High level of non-cash earnings (80% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (NT$1.55b market cap, or US$49.5m). Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$59.10, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 29x in the Semiconductor industry in Taiwan. Total loss to shareholders of 21% over the past year. Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: NT$0.61 (vs NT$1.15 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.61 (down from NT$1.15 in 3Q 2024). Revenue: NT$108.1m (down 17% from 3Q 2024). Net income: NT$13.1m (down 46% from 3Q 2024). Profit margin: 12% (down from 19% in 3Q 2024). The decrease in margin was driven by lower revenue. Upcoming Dividend • Oct 21
Upcoming dividend of NT$0.90 per share Eligible shareholders must have bought the stock before 28 October 2025. Payment date: 17 November 2025. Payout ratio is on the higher end at 99%, and the cash payout ratio is above 100%. Trailing yield: 5.8%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (1.5%). Reported Earnings • Aug 17
Second quarter 2025 earnings released: NT$0.03 loss per share (vs NT$1.32 profit in 2Q 2024) Second quarter 2025 results: NT$0.03 loss per share (down from NT$1.32 profit in 2Q 2024). Revenue: NT$108.4m (down 34% from 2Q 2024). Net loss: NT$689.0k (down 102% from profit in 2Q 2024). Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$97.90, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. Total returns to shareholders of 18% over the past year. New Risk • Jun 19
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 124% 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 (124% accrual ratio). Minor Risks Dividend is not well covered by cash flows (142% cash payout ratio). Market cap is less than US$100m (NT$1.75b market cap, or US$59.2m). Reported Earnings • Jun 19
First quarter 2025 earnings released: EPS: NT$1.05 (vs NT$1.21 in 1Q 2024) First quarter 2025 results: EPS: NT$1.05 (down from NT$1.21 in 1Q 2024). Revenue: NT$110.5m (down 15% from 1Q 2024). Net income: NT$22.4m (down 13% from 1Q 2024). Profit margin: 20% (in line with 1Q 2024). 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$76.40, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 25x in the Semiconductor industry in Taiwan. Total returns to shareholders of 1.4% over the past year. Upcoming Dividend • Mar 25
Upcoming dividend of NT$3.15 per share Eligible shareholders must have bought the stock before 01 April 2025. Payment date: 05 May 2025. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (4.6%). Higher than average of industry peers (2.2%). Reported Earnings • Mar 22
Full year 2024 earnings released: EPS: NT$5.50 (vs NT$3.50 in FY 2023) Full year 2024 results: EPS: NT$5.50 (up from NT$3.50 in FY 2023). Revenue: NT$567.6m (up 51% from FY 2023). Net income: NT$117.6m (up 59% from FY 2023). Profit margin: 21% (up from 20% in FY 2023). The increase in margin was driven by higher revenue. New Risk • Mar 21
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 6.0% 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 Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (NT$2.02b market cap, or US$61.1m). Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$94.60, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 28x in the Semiconductor industry in Taiwan. Total returns to shareholders of 33% over the past year. Aankondiging • Mar 14
Jeilin Technology Co., Ltd., Annual General Meeting, Jun 03, 2025 Jeilin Technology Co., Ltd., Annual General Meeting, Jun 03, 2025, at 09:30 Taipei Standard Time. Location: no,631, chung cheng rd., jhonghe district, new taipei city Taiwan 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 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: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (NT$1.73b market cap, or US$52.6m). Upcoming Dividend • Nov 11
Upcoming dividend of NT$1.35 per share Eligible shareholders must have bought the stock before 18 November 2024. Payment date: 06 December 2024. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (4.4%). Higher than average of industry peers (1.9%). Upcoming Dividend • May 23
Upcoming dividend of NT$1.65 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 25 June 2024. Payout ratio is on the higher end at 86%, however this is supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (4.3%). Higher than average of industry peers (2.3%). Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: NT$3.50 (vs NT$4.32 in FY 2022) Full year 2023 results: EPS: NT$3.50 (down from NT$4.32 in FY 2022). Revenue: NT$376.8m (up 11% from FY 2022). Net income: NT$73.8m (down 13% from FY 2022). Profit margin: 20% (down from 25% in FY 2022). The decrease in margin was driven by higher expenses. Aankondiging • Mar 09
Jeilin Technology Co., Ltd., Annual General Meeting, May 24, 2024 Jeilin Technology Co., Ltd., Annual General Meeting, May 24, 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 Risk Revenue has declined by 6.5% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Dividend is not well covered by earnings (131% payout ratio). Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (NT$1.82b market cap, or US$57.5m). Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$85.20, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 30x in the Semiconductor industry in Taiwan. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$62.50, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 26x in the Semiconductor industry in Taiwan. 
