Reported Earnings • May 16
First quarter 2026 earnings released: NT$0.068 loss per share (vs NT$0.019 loss in 1Q 2025) First quarter 2026 results: NT$0.068 loss per share (further deteriorated from NT$0.019 loss in 1Q 2025). Net loss: NT$29.4m (loss widened 289% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 177 percentage points per year, which is a significant difference in performance. New Risk • Apr 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 8.8% 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 20% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Revenue is less than US$5m (NT$66m revenue, or US$2.1m). Reported Earnings • Mar 28
Full year 2025 earnings released: NT$0.71 loss per share (vs NT$0.43 profit in FY 2024) Full year 2025 results: NT$0.71 loss per share (down from NT$0.43 profit in FY 2024). Net loss: NT$74.0m (down 326% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 195 percentage points per year, which is a significant difference in performance. Announcement • Mar 12
Her Chee Industrial Co., Ltd., Annual General Meeting, Jun 22, 2026 Her Chee Industrial Co., Ltd., Annual General Meeting, Jun 22, 2026. Location: no,2, yih kung 2nd rd., yijhu township, chiayi county Taiwan Reported Earnings • Nov 11
Third quarter 2025 earnings released: EPS: NT$0.23 (vs NT$0.40 loss in 3Q 2024) Third quarter 2025 results: EPS: NT$0.23 (up from NT$0.40 loss in 3Q 2024). Net income: NT$22.7m (up NT$52.7m from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 193 percentage points per year, which is a significant difference in performance. New Risk • Nov 11
New major risk - Revenue and earnings growth Earnings have declined by 12% 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 Risks Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (41% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Revenue is less than US$5m (NT$76m revenue, or US$2.4m). Upcoming Dividend • Sep 02
Upcoming dividend of NT$0.10 per share Eligible shareholders must have bought the stock before 09 September 2025. Payment date: 02 October 2025. The company last paid an ordinary dividend in March 2015. The average dividend yield among industry peers is 5.3%. Reported Earnings • Aug 16
Second quarter 2025 earnings released: NT$1.79 loss per share (vs NT$0.51 profit in 2Q 2024) Second quarter 2025 results: NT$1.79 loss per share (down from NT$0.51 profit in 2Q 2024). Net loss: NT$181.4m (down NT$220.9m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 127% per year, which means it is well ahead of earnings. New Risk • Jun 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (38% accrual ratio). Shareholders have been substantially diluted in the past year (41% increase in shares outstanding). Minor Risks Profit margins are more than 30% lower than last year (10% net profit margin). Revenue is less than US$5m (NT$128m revenue, or US$4.3m). Reported Earnings • May 14
First quarter 2025 earnings released: NT$0.08 loss per share (vs NT$0.15 profit in 1Q 2024) First quarter 2025 results: NT$0.08 loss per share (down from NT$0.15 profit in 1Q 2024). Revenue: NT$22.2m (down 16% from 1Q 2024). Net loss: NT$7.54m (down 171% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has increased by 120% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 01
Her Chee Industrial Co., Ltd. to Report Q1, 2025 Results on May 08, 2025 Her Chee Industrial Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025 New Risk • Apr 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 41% This is considered a major 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 (11% average weekly change). High level of non-cash earnings (43% accrual ratio). Shareholders have been substantially diluted in the past year (41% increase in shares outstanding). Minor Risk Revenue is less than US$5m (NT$132m revenue, or US$4.1m). New Risk • Apr 03
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 43% 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 Risks Share price has been highly volatile over the past 3 months (8.1% average weekly change). High level of non-cash earnings (43% accrual ratio). Minor Risks Shareholders have been diluted in the past year (27% increase in shares outstanding). Revenue is less than US$5m (NT$132m revenue, or US$4.0m). Reported Earnings • Mar 21
Full year 2024 earnings released: EPS: NT$0.43 (vs NT$0.71 in FY 2023) Full year 2024 results: EPS: NT$0.43 (down from NT$0.71 in FY 2023). Revenue: NT$131.9m (down 18% from FY 2023). Net income: NT$32.8m (down 37% from FY 2023). Profit margin: 25% (down from 32% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has increased by 143% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 12
Her Chee Industrial Co., Ltd., Annual General Meeting, Jun 10, 2025 Her Chee Industrial Co., Ltd., Annual General Meeting, Jun 10, 2025. Location: no,2, yih kung 2nd rd., yijhu township, chiayi county Taiwan New Risk • Mar 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% 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 Risk Share price has been highly volatile over the past 3 months (8.8% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (17% net profit margin). Shareholders have been diluted in the past year (27% increase in shares outstanding). Revenue is less than US$5m (NT$135m revenue, or US$4.1m). Announcement • Mar 04
Her Chee Industrial Co., Ltd. to Report Fiscal Year 2024 Results on Mar 11, 2025 Her Chee Industrial Co., Ltd. announced that they will report fiscal year 2024 results on Mar 11, 2025 Announcement • Jan 08
Her Chee Industrial Co., Ltd. announced that it expects to receive TWD 1.15 billion in funding Her Chee Industrial Co., Ltd. announced a private placement of 10,000,000 shares at issue price TWD 115 per share for gross proceeds TWD 1,150,000,000 on January 6, 2025. The transaction was approved by board of directors. Reported Earnings • Nov 18
Third quarter 2024 earnings released: NT$0.40 loss per share (vs NT$0.40 profit in 3Q 2023) Third quarter 2024 results: NT$0.40 loss per share (down from NT$0.40 profit in 3Q 2023). Revenue: NT$36.2m (up 71% from 3Q 2023). Net loss: NT$28.8m (down 199% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has increased by 123% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 29
Her Chee Industrial Co., Ltd. to Report Q3, 2024 Results on Nov 05, 2024 Her Chee Industrial Co., Ltd. announced that they will report Q3, 2024 results on Nov 05, 2024 Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$81.00, the stock trades at a trailing P/E ratio of 72.4x. Average trailing P/E is 18x in the Auto industry in Taiwan. Total returns to shareholders of 575% over the past three years. Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$69.80, the stock trades at a trailing P/E ratio of 62.4x. Average trailing P/E is 17x in the Auto industry in Taiwan. Total returns to shareholders of 502% over the past three years. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$57.20, the stock trades at a trailing P/E ratio of 51.1x. Average trailing P/E is 16x in the Auto industry in Taiwan. Total returns to shareholders of 391% over the past three years. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$55.00, the stock trades at a trailing P/E ratio of 49.1x. Average trailing P/E is 18x in the Auto industry in Taiwan. Total returns to shareholders of 362% over the past three years. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.53 (vs NT$0.084 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.53 (up from NT$0.084 loss in 2Q 2023). Revenue: NT$46.9m (down 30% from 2Q 2023). Net income: NT$38.3m (up NT$44.4m from 2Q 2023). Profit margin: 82% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$33.05, the stock trades at a trailing P/E ratio of 63.2x. Average trailing P/E is 18x in the Auto industry in Taiwan. Total returns to shareholders of 173% over the past three years. Announcement • Jul 31
Her Chee Industrial Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024 Her Chee Industrial Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024 Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$28.40, the stock trades at a trailing P/E ratio of 54.3x. Average trailing P/E is 23x in the Auto industry in Taiwan. Total returns to shareholders of 136% over the past three years. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.16 (vs NT$0.36 in 1Q 2023) First quarter 2024 results: EPS: NT$0.16 (down from NT$0.36 in 1Q 2023). Revenue: NT$26.4m (down 43% from 1Q 2023). Net income: NT$11.9m (down 54% from 1Q 2023). Profit margin: 45% (down from 56% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • May 02
Her Chee Industrial Co., Ltd. to Report Q1, 2024 Results on May 07, 2024 Her Chee Industrial Co., Ltd. announced that they will report Q1, 2024 results on May 07, 2024 New Risk • Apr 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 333% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (NT$160m revenue, or US$5.0m). Market cap is less than US$100m (NT$1.49b market cap, or US$46.2m). New Risk • Mar 22
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: NT$160m (US$5.0m) This is considered a minor risk. Companies with a small amount of revenue 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: Minor Risks Revenue is less than US$5m (NT$160m revenue, or US$5.0m). Market cap is less than US$100m (NT$1.54b market cap, or US$48.0m). Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: NT$0.71 (vs NT$0.065 in FY 2022) Full year 2023 results: EPS: NT$0.71 (up from NT$0.065 in FY 2022). Revenue: NT$159.9m (down 25% from FY 2022). Net income: NT$51.8m (up NT$47.1m from FY 2022). Profit margin: 32% (up from 2.2% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Jan 17
Her Chee Industrial Co., Ltd. Announces Change in Representative of the Institutional Director Her Chee Industrial Co., Ltd. announced change in representative of the institutional director. Name of the previous position holder: Chen Chung Shen. Resume of the previous position holder: Director of Her chee industrial co., ltd. Name of the new position holder: Chung Cheng Lee. Resume of the new position holder: Chairperson of Ta-yuan cogeneration company ltd. Principle engineer of Taiwan Power Company. Reason for the change: Tai ji investment co., ltd assigned a new representative to serve as institutional director. Effective date of the new appointment: January 16, 2024. New Risk • Aug 11
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% 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 (21% accrual ratio). Minor Risk Market cap is less than US$100m (NT$1.60b market cap, or US$50.3m). Reported Earnings • Aug 11
Second quarter 2023 earnings released: NT$0.08 loss per share (vs NT$0.24 loss in 2Q 2022) Second quarter 2023 results: NT$0.08 loss per share (improved from NT$0.24 loss in 2Q 2022). Revenue: NT$67.1m (up 22% from 2Q 2022). Net loss: NT$6.11m (loss narrowed 65% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. 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. 10 experienced directors. No highly experienced directors. 2 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 • Aug 16
Second quarter 2022 earnings released: NT$0.24 loss per share (vs NT$0.30 loss in 2Q 2021) Second quarter 2022 results: NT$0.24 loss per share (up from NT$0.30 loss in 2Q 2021). Revenue: NT$55.0m (up 107% from 2Q 2021). Net loss: NT$17.5m (loss narrowed 21% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.37 (vs NT$0.068 loss in 1Q 2021) First quarter 2022 results: EPS: NT$0.37 (up from NT$0.068 loss in 1Q 2021). Revenue: NT$52.3m (up 164% from 1Q 2021). Net income: NT$27.2m (up NT$32.1m from 1Q 2021). Profit margin: 52% (up from net loss in 1Q 2021). 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 66 percentage points per year, which is a significant difference in performance. 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. 10 experienced directors. No highly experienced directors. 2 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 • Mar 30
Full year 2021 earnings released: NT$0.79 loss per share (vs NT$0.048 loss in FY 2020) Full year 2021 results: NT$0.79 loss per share (down from NT$0.048 loss in FY 2020). Revenue: NT$126.2m (down 55% from FY 2020). Net loss: NT$57.3m (loss widened NT$53.8m from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 13
Third quarter 2021 earnings released: NT$0.36 loss per share (vs NT$0.004 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: NT$31.7m (down 61% from 3Q 2020). Net loss: NT$26.4m (down NT$26.6m from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 18
Second quarter 2021 earnings released: NT$0.30 loss per share (vs NT$0.08 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: NT$26.6m (down 62% from 2Q 2020). Net loss: NT$22.1m (loss widened 282% from 2Q 2020). 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 • May 16
First quarter 2021 earnings released: NT$0.07 loss per share (vs NT$0.049 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: NT$19.9m (down 69% from 1Q 2020). Net loss: NT$4.91m (loss widened 38% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 30
Full year 2020 earnings released: NT$0.05 loss per share (vs NT$0.20 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$282.8m (down 9.9% from FY 2019). Net loss: NT$3.49m (loss narrowed 75% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 24
New 90-day low: NT$15.05 The company is down 9.0% from its price of NT$16.50 on 26 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto industry, which is up 3.0% over the same period. Is New 90 Day High Low • Jan 21
New 90-day low: NT$15.85 The company is down 7.0% from its price of NT$17.00 on 23 October 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto industry, which is up 7.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: NT$15.90 The company is down 12% from its price of NT$18.00 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto industry, which is up 14% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$0.004 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$81.4m (up 32% from 3Q 2019). Net income: NT$271.0k (up NT$16.6m from 3Q 2019). Profit margin: 0.3% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Sep 30
New 90-day high: NT$18.00 The company is up 29% from its price of NT$14.00 on 02 July 2020. The Taiwanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto industry, which is down 1.0% over the same period.