Aankondiging • Jun 20
High-Tek Harness Enterprise Co., Ltd Announces Change in Representative of Institutional Director Effective June 19, 2025 High-Tek Harness Enterprise Co., Ltd. announced a change in the representative of the institutional director on June 19, 2025. The previous position holder, Wei Hsiao Chin, served as the Former Chairman and CEO of High-Tek Harness Enterprise Co., Ltd. The new position holder, Wei Siao Ru, is the Chairman of Jin Jiang Investment Co., Ltd. The change was made because the institutional director assigned a new representative. The effective date of the new appointment is June 19, 2025. Reported Earnings • Nov 18
Third quarter 2024 earnings released: NT$0.90 loss per share (vs NT$0.25 loss in 3Q 2023) Third quarter 2024 results: NT$0.90 loss per share (further deteriorated from NT$0.25 loss in 3Q 2023). Revenue: NT$1.59b (up 16% from 3Q 2023). Net loss: NT$116.7m (loss widened 283% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Aankondiging • Nov 16
High-Tek Harness Enterprise Co., Ltd. Announces Resignation of Liu Deng Cheng as Independent Director and as Member of the Audit Committee and Remuneration Committee. Effective November 15, 2024 On November 15, 2024, High-Tek Harness Enterprise Co., Ltd. Announced resignation of Liu Deng Cheng as independent director and as member of the audit committee and remuneration committee. Name of the previous position holder: Liu Deng-Cheng. Resume of the previous position holder: ASCENT DEVELOPMENT CO., LTD. Independent Director. Reason for the change: Due to the restrictions of the director's non-compete clause, the resignation was tendered. Original term (from June 30, 2023 to June 29, 2026. The independent director has voluntarily relinquished both the responsibilities associated with the independent directorship and membership on the Functional Committee of the Board of Directors. New Risk • Nov 08
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 Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Shareholders have been diluted in the past year (6.0% increase in shares outstanding). Market cap is less than US$100m (NT$1.89b market cap, or US$58.8m). Aankondiging • Nov 07
High-Tek Harness Enterprise Co., Ltd. to Report Q3, 2024 Results on Nov 14, 2024 High-Tek Harness Enterprise Co., Ltd. announced that they will report Q3, 2024 results on Nov 14, 2024 Aankondiging • Nov 06
High-Tek Harness Enterprise Co., Ltd. Announces Change of General Manager High-Tek Harness Enterprise Co., Ltd. announced change of General Manager of the company. Name of the previous position holder: CHEN, HONG-JHENG. Resume of the previous position holder: CEO of the company. Name of the new position holder: Chairman Wei, Hsiao-Chin will temporarily assume the duties of General Manager. The appointment of a new General Manager will be announced separately once approved by the Audit Committee and the Board of Directors. Resume of the new position holder: Chairman Wei, Hsiao-Chin will temporarily assume the duties of General Manager. @The appointment of a new General Manager will be announced separately once approved by the Audit Committee and the Board of Directors. Reason for the change: personal career planning. Effective date of the new appointment: November 5, 2024. Aankondiging • Oct 30
High-Tek Harness Enterprise Co., Ltd. Announces the Resignation of Tsai, Shiau-Ping as Accounting Officer High-Tek Harness Enterprise Co., Ltd. announced the resignation of Tsai, Shiau-Ping as accounting officer. Reason for the change: career planning. Effective date: October 29, 2024. Aankondiging • Oct 29
High-Tek Harness Enterprise Co., Ltd. Announces Change of Representative of the Institutional Director High-Tek Harness Enterprise Co., Ltd. announced change of representative of the institutional director. Name and Resume of the previous position holder: CHEN,SHAO-WEI, HIGH-TEK HARNESS ENTERPRISE CO., LTD. Reason for the change: The institutional director will appoint a new representative, which will be announced separately once finalized. Original term is from June 25, 2024 to June 29, 2024. Effective date is October 28, 2024. Aankondiging • Sep 19
High-Tek Harness Enterprise Co., Ltd. Announces Change in Representative of the Institutional Director High-Tek Harness Enterprise Co., Ltd. announced change in representative of the institutional director. Name of the previous position holder: LI, MING-CHIOU. Resume of the previous position holder: RIQIAN International Holdings Co., Ltd./Chairman. Name of the new position holder: CHEN, SHAO-WEI. Resume of the new position holder: HIGH-TEK HARNESS ENTERPRISE CO., LTD. Effective date of the new appointment: September 18, 2024. New Risk • Aug 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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). Earnings have declined by 11% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (6.0% increase in shares outstanding). Market cap is less than US$100m (NT$2.15b market cap, or US$67.2m). Reported Earnings • Aug 18
Second quarter 2024 earnings released: NT$0.24 loss per share (vs NT$0.021 loss in 2Q 2023) Second quarter 2024 results: NT$0.24 loss per share (further deteriorated from NT$0.021 loss in 2Q 2023). Revenue: NT$1.51b (up 25% from 2Q 2023). Net loss: NT$30.1m (loss widened NT$27.6m from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Aankondiging • Aug 15
High-Tek Harness Enterprise Co., Ltd. Announces Board Appointments High-Tek Harness Enterprise Co., Ltd. announced newly-appointed institutional director of the company. Name of the new position holder: LI, MING-CHIOU: Jovana International Limited/Representative and CHEN, REN-YI: Hua Yi Tai Investment Co., Ltd./Representative. Resume of the new position holder: LI, MING-CHIOU: RIQIAN International Holdings Co., Ltd./Chairman and CHEN, REN-YI: bnp paribas tcb asset management co., ltd./Chief Investment Officer. Reason for the change: Newly-elected Institutional director appointed the authorized representative. Original term from June 25, 2024 to June 29, 2026. Effective date of the new appointment is August 14, 2024. Aankondiging • Aug 07
High-Tek Harness Enterprise Co., Ltd. to Report Q2, 2024 Results on Aug 14, 2024 High-Tek Harness Enterprise Co., Ltd. announced that they will report Q2, 2024 results on Aug 14, 2024 Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.05 (vs NT$0.096 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.05 (up from NT$0.096 loss in 1Q 2023). Revenue: NT$1.36b (up 21% from 1Q 2023). Net income: NT$6.22m (up NT$17.4m from 1Q 2023). Profit margin: 0.5% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • May 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 6.6% 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 22% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Shareholders have been diluted in the past year (4.2% increase in shares outstanding). Market cap is less than US$100m (NT$1.76b market cap, or US$54.7m). Aankondiging • May 10
High-Tek Harness Enterprise Co., Ltd. Announces the Appointment of Liu,Deng-Cheng as Members of the Remuneration Committee High-Tek Harness Enterprise Co., Ltd. announced the appointment of Liu,Deng-cheng as members of the Remuneration Committee. Effective date of the new member is May 8, 2024. Aankondiging • May 08
High-Tek Harness Enterprise Co., Ltd. to Report Q1, 2024 Results on May 14, 2024 High-Tek Harness Enterprise Co., Ltd. announced that they will report Q1, 2024 results on May 14, 2024 Aankondiging • Apr 10
High-Tek Harness Enterprise Co., Ltd. Announces the Resignation of Hsu Kuo-Cheng as Independent Director and Member of Audit Committee High-Tek Harness Enterprise Co., Ltd. announced the resignation of Hsu Kuo-cheng as independent director. Resume of the previous position holder: Chinese Culture University/Director of General Affairs. Reason for the change: Due to busy academic commitments. The Company received the resignation notice from the independent director on April 8, 2024, with the resignation effective until April 8, 2024. The independent director resigned from the position of independent director and concurrently resigned from the membership of the Audit Committee under the Board of Directors. Reported Earnings • Mar 20
Full year 2023 earnings released: NT$0.58 loss per share (vs NT$0.52 loss in FY 2022) Full year 2023 results: NT$0.58 loss per share (further deteriorated from NT$0.52 loss in FY 2022). Revenue: NT$5.04b (up 22% from FY 2022). Net loss: NT$70.3m (loss widened 16% from FY 2022). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Aankondiging • Mar 15
High-Tek Harness Enterprise Co., Ltd., Annual General Meeting, Jun 25, 2024 High-Tek Harness Enterprise Co., Ltd., Annual General Meeting, Jun 25, 2024. Location: 2F., No. 236, Sec. 3, Beishen Rd., Shenkeng Dist New Taipei City Taiwan Agenda: To discuss 2023 Annual Operating Report; to discuss 2023 Annual Audit Committee Review Report; to discuss 2023 Annual Employee Compensation and Director Remuneration Distribution Report; and to discuss other matters. Aankondiging • Jan 06
High-Tek Harness Enterprise Co., Ltd. Announces Change in Representative of the Institutional Director High-Tek Harness Enterprise Co., Ltd. announced change in representative of the institutional director. Name of the previous position holder: LIN JIA SHENG. Resume of the previous position holder: the Private School Retirement Fund Management Committee/Former Vice Executive Director. Name of the new position holder:CHOU WEI KUN. Resume of the new position holder: ABONMAX CO., LTD/Chairman and CEO. Reason for the change: institutional director assigned a new representative. Effective date of the new appointment: January 5, 2024. New Risk • Oct 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 5.7% 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 Less than 1 year of cash runway based on free cash flow trend (-NT$436m free cash flow). Earnings have declined by 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Shareholders have been diluted in the past year (4.2% increase in shares outstanding). Market cap is less than US$100m (NT$1.84b market cap, or US$56.6m). New Risk • Aug 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$436m free cash flow). Earnings have declined by 12% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (4.2% increase in shares outstanding). Market cap is less than US$100m (NT$1.93b market cap, or US$60.4m). New Risk • Aug 20
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -NT$436m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-NT$436m free cash flow). Earnings have declined by 12% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.88b market cap, or US$58.9m). Reported Earnings • Apr 01
Full year 2022 earnings released: NT$0.52 loss per share (vs NT$0.31 profit in FY 2021) Full year 2022 results: NT$0.52 loss per share (down from NT$0.31 profit in FY 2021). Revenue: NT$4.15b (down 11% from FY 2021). Net loss: NT$60.7m (down 266% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 19
Third quarter 2022 earnings released: NT$0.40 loss per share (vs NT$0.62 profit in 3Q 2021) Third quarter 2022 results: NT$0.40 loss per share (down from NT$0.62 profit in 3Q 2021). Revenue: NT$918.1m (down 22% from 3Q 2021). Net loss: NT$46.8m (down 165% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improved over the past week After last week's 18% share price gain to NT$16.55, the stock trades at a trailing P/E ratio of 36x. Average trailing P/E is 13x in the Tech industry in Taiwan. Total loss to shareholders of 16% over the past three years. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: NT$0.30 (vs NT$0.15 loss in 2Q 2021) Second quarter 2022 results: EPS: NT$0.30 (up from NT$0.15 loss in 2Q 2021). Revenue: NT$1.10b (down 8.3% from 2Q 2021). Net income: NT$35.7m (up NT$53.5m from 2Q 2021). Profit margin: 3.2% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 8% per year and the company’s share price has also fallen by 8% per year. Reported Earnings • May 16
First quarter 2022 earnings released: NT$0.24 loss per share (vs NT$0.07 profit in 1Q 2021) First quarter 2022 results: NT$0.24 loss per share (down from NT$0.07 profit in 1Q 2021). Revenue: NT$1.13b (up 2.5% from 1Q 2021). Net loss: NT$28.2m (down 443% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 04
Full year 2021 earnings released: EPS: NT$0.31 (vs NT$1.35 loss in FY 2020) Full year 2021 results: EPS: NT$0.31 (up from NT$1.35 loss in FY 2020). Revenue: NT$4.64b (up 11% from FY 2020). Net income: NT$36.7m (up NT$195.1m from FY 2020). Profit margin: 0.8% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS NT$0.62 (vs NT$0.21 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.17b (up 9.7% from 3Q 2020). Net income: NT$72.2m (up NT$97.2m from 3Q 2020). Profit margin: 6.2% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 18
Second quarter 2021 earnings released: NT$0.15 loss per share (vs NT$0.23 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: NT$1.20b (down 4.2% from 2Q 2020). Net loss: NT$17.8m (down 165% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$0.07 (vs NT$0.11 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.10b (up 43% from 1Q 2020). Net income: NT$8.21m (up NT$20.7m from 1Q 2020). Profit margin: 0.7% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 18% 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 • Mar 31
Full year 2020 earnings released: NT$1.35 loss per share (vs NT$0.40 loss in FY 2019) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: NT$4.17b (up 23% from FY 2019). Net loss: NT$158.5m (loss widened 270% from FY 2019). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 06
New 90-day low: NT$18.40 The company is down 29% from its price of NT$26.00 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 11
New 90-day low: NT$21.15 The company is down 12% from its price of NT$24.10 on 11 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 5.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: NT$0.21 loss per share The company reported a soft third quarter result with weaker earnings and control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: NT$1.07b (up 12% from 3Q 2019). Net loss: NT$25.0m (down 184% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Sep 18
New 90-day high: NT$26.45 The company is up 41% from its price of NT$18.75 on 19 June 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 4.0% over the same period.