New Risk • May 07
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$156m 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$156m free cash flow). Earnings have declined by 7.6% per year over the past 5 years. Reported Earnings • May 07
First quarter 2026 earnings released: NT$0.14 loss per share (vs NT$0.23 loss in 1Q 2025) First quarter 2026 results: NT$0.14 loss per share (improved from NT$0.23 loss in 1Q 2025). Revenue: NT$218.1m (up 24% from 1Q 2025). Net loss: NT$15.2m (loss narrowed 37% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 09
Full year 2025 earnings released: NT$0.70 loss per share (vs NT$1.98 loss in FY 2024) Full year 2025 results: NT$0.70 loss per share (improved from NT$1.98 loss in FY 2024). Revenue: NT$785.6m (up 14% from FY 2024). Net loss: NT$73.6m (loss narrowed 65% from FY 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Mar 05
Amulaire Thermal Technology, Inc., Annual General Meeting, May 28, 2026 Amulaire Thermal Technology, Inc., Annual General Meeting, May 28, 2026. Location: 1 floor no,17-6, hou hu, linkou district, new taipei city Taiwan New Risk • Feb 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.17b (US$99.9m) 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 Risk Earnings have declined by 26% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.17b market cap, or US$99.9m). New Risk • Dec 05
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 26% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.4% average weekly change). Reported Earnings • Nov 14
Third quarter 2025 earnings released: NT$0.24 loss per share (vs NT$0.43 loss in 3Q 2024) Third quarter 2025 results: NT$0.24 loss per share (improved from NT$0.43 loss in 3Q 2024). Revenue: NT$189.2m (up 12% from 3Q 2024). Net loss: NT$25.5m (loss narrowed 43% from 3Q 2024). 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 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 08
Second quarter 2025 earnings released: NT$0.13 loss per share (vs NT$0.40 loss in 2Q 2024) Second quarter 2025 results: NT$0.13 loss per share (improved from NT$0.40 loss in 2Q 2024). Revenue: NT$145.6m (down 14% from 2Q 2024). Net loss: NT$13.5m (loss narrowed 67% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • May 09
First quarter 2025 earnings released: NT$0.23 loss per share (vs NT$0.31 loss in 1Q 2024) First quarter 2025 results: NT$0.23 loss per share (improved from NT$0.31 loss in 1Q 2024). Revenue: NT$176.1m (down 5.0% from 1Q 2024). Net loss: NT$24.1m (loss narrowed 26% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Apr 30
Amulaire Thermal Technology, Inc. to Report Q1, 2025 Results on May 07, 2025 Amulaire Thermal Technology, Inc. announced that they will report Q1, 2025 results on May 07, 2025 New Risk • Mar 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 6.3% 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$194m free cash flow). Earnings have declined by 48% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (NT$2.93b market cap, or US$88.3m). Announcement • Mar 05
Amulaire Thermal Technology, Inc., Annual General Meeting, May 22, 2025 Amulaire Thermal Technology, Inc., Annual General Meeting, May 22, 2025, at 09:00 Taipei Standard Time. Location: 1 floor no,17-6, hou hu, linkou district, new taipei city Taiwan Reported Earnings • Mar 05
Full year 2024 earnings released: NT$1.98 loss per share (vs NT$2.48 loss in FY 2023) Full year 2024 results: NT$1.98 loss per share (improved from NT$2.48 loss in FY 2023). Revenue: NT$689.0m (down 22% from FY 2023). Net loss: NT$207.1m (loss narrowed 7.4% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Announcement • Feb 20
Amulaire Thermal Technology, Inc. to Report Fiscal Year 2024 Results on Feb 27, 2025 Amulaire Thermal Technology, Inc. announced that they will report fiscal year 2024 results on Feb 27, 2025 New Risk • Nov 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.24b (US$99.8m) 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 Less than 1 year of cash runway based on free cash flow trend (-NT$161m free cash flow). Earnings have declined by 54% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (NT$3.24b market cap, or US$99.8m). Reported Earnings • Nov 09
Third quarter 2024 earnings released: NT$0.43 loss per share (vs NT$0.37 loss in 3Q 2023) Third quarter 2024 results: NT$0.43 loss per share (further deteriorated from NT$0.37 loss in 3Q 2023). Revenue: NT$169.5m (down 31% from 3Q 2023). Net loss: NT$44.6m (loss widened 35% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 17% per year. Announcement • Oct 31
Amulaire Thermal Technology, Inc. to Report Q3, 2024 Results on Nov 06, 2024 Amulaire Thermal Technology, Inc. announced that they will report Q3, 2024 results on Nov 06, 2024 Announcement • Sep 14
Amulaire Thermal Technology, Inc. Announces Executive Changes Amulaire Thermal Technology, Inc. announced the resignation of Yeh,Tzu-Yang as Chief R&D Officer. Resume of the previous position holder: Yeh,Tzu-Yang/Associate Vice President of the Company. The company announced the appointment of Shi,Zhi-Hong as Chief R&D Officer, effective 13 September 2024. Resume of the new position holder: Shi,Zhi-Hong/General Manager of the Company. The R&D Director position will be temporarily filled by General Manager Shi,Zhi-Hong. The new R&D Director will be announced separately after the board of directors makes the appointment. Reported Earnings • Aug 09
Second quarter 2024 earnings released: NT$0.40 loss per share (vs NT$0.59 loss in 2Q 2023) Second quarter 2024 results: NT$0.40 loss per share (improved from NT$0.59 loss in 2Q 2023). Revenue: NT$169.5m (down 21% from 2Q 2023). Net loss: NT$41.4m (loss narrowed 21% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. New Risk • Aug 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.11b (US$95.2m) 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 Less than 1 year of cash runway based on free cash flow trend (-NT$214m free cash flow). Earnings have declined by 64% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (NT$3.11b market cap, or US$95.2m). Announcement • Jul 31
Amulaire Thermal Technology, Inc. to Report Q2, 2024 Results on Aug 07, 2024 Amulaire Thermal Technology, Inc. announced that they will report Q2, 2024 results on Aug 07, 2024 Reported Earnings • May 11
First quarter 2024 earnings released: NT$0.31 loss per share (vs NT$0.75 loss in 1Q 2023) First quarter 2024 results: NT$0.31 loss per share (improved from NT$0.75 loss in 1Q 2023). Revenue: NT$185.3m (up 8.1% from 1Q 2023). Net loss: NT$32.7m (loss narrowed 51% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Mar 06
Amulaire Thermal Technology, Inc., Annual General Meeting, May 23, 2024 Amulaire Thermal Technology, Inc., Annual General Meeting, May 23, 2024. Reported Earnings • Mar 06
Full year 2023 earnings released: NT$2.47 loss per share (vs NT$2.46 loss in FY 2022) Full year 2023 results: NT$2.47 loss per share (further deteriorated from NT$2.46 loss in FY 2022). Revenue: NT$884.0m (up 21% from FY 2022). Net loss: NT$223.6m (loss widened 1.6% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 14
Third quarter 2023 earnings released: NT$0.37 loss per share (vs NT$0.68 loss in 3Q 2022) Third quarter 2023 results: NT$0.37 loss per share (improved from NT$0.68 loss in 3Q 2022). Revenue: NT$246.0m (up 64% from 3Q 2022). Net loss: NT$33.0m (loss narrowed 46% from 3Q 2022). 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. New Risk • Oct 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.08b (US$95.2m) 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 Risk Earnings have declined by 73% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (NT$3.08b market cap, or US$95.2m). Reported Earnings • Aug 13
Second quarter 2023 earnings released: NT$0.59 loss per share (vs NT$0.43 loss in 2Q 2022) Second quarter 2023 results: NT$0.59 loss per share (further deteriorated from NT$0.43 loss in 2Q 2022). Revenue: NT$213.1m (up 19% from 2Q 2022). Net loss: NT$52.7m (loss widened 38% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 26
Full year 2022 earnings released: NT$2.46 loss per share (vs NT$1.23 loss in FY 2021) Full year 2022 results: NT$2.46 loss per share (further deteriorated from NT$1.23 loss in FY 2021). Revenue: NT$731.2m (down 36% from FY 2021). Net loss: NT$220.1m (loss widened 101% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Chairman of the Board of Directors, Chief Executive Officer and President Lin Qi Sheng was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings released: NT$0.68 loss per share (vs NT$0.41 loss in 3Q 2021) Third quarter 2022 results: NT$0.68 loss per share (further deteriorated from NT$0.41 loss in 3Q 2021). Revenue: NT$150.1m (down 54% from 3Q 2021). Net loss: NT$60.9m (loss widened 68% from 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 15
Second quarter 2022 earnings released: NT$0.43 loss per share (vs NT$0.31 loss in 2Q 2021) Second quarter 2022 results: NT$0.43 loss per share (down from NT$0.31 loss in 2Q 2021). Revenue: NT$179.0m (down 33% from 2Q 2021). Net loss: NT$38.3m (loss widened 39% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Reported Earnings • May 16
First quarter 2022 earnings released: NT$0.40 loss per share (vs NT$0.11 profit in 1Q 2021) First quarter 2022 results: NT$0.40 loss per share (down from NT$0.11 profit in 1Q 2021). Revenue: NT$249.4m (up 4.9% from 1Q 2021). Net loss: NT$36.2m (down 489% from profit in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Chairman of the Board of Directors, Chief Executive Officer and President Lin Qi Sheng was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: NT$1.23 loss per share (down from NT$0.083 profit in FY 2020). Revenue: NT$1.14b (up 34% from FY 2020). Net loss: NT$109.8m (down NT$116.3m from profit in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 07
Third quarter 2021 earnings released: NT$0.41 loss per share (vs NT$0.11 loss in 3Q 2020) The company reported a mediocre third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: NT$324.1m (up 58% from 3Q 2020). Net loss: NT$36.3m (loss widened 326% from 3Q 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. Upcoming Dividend • Aug 13
Upcoming dividend of NT$0.60 per share Eligible shareholders must have bought the stock before 20 August 2021. Payment date: 24 September 2021. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (5.1%). Lower than average of industry peers (2.4%). Reported Earnings • Aug 09
Second quarter 2021 earnings released: NT$0.31 loss per share (vs NT$0.03 profit in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: NT$267.5m (up 40% from 2Q 2020). Net loss: NT$27.5m (down NT$29.7m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • May 09
First quarter 2021 earnings released: EPS NT$0.11 (vs NT$0.25 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: NT$237.8m (up 12% from 1Q 2020). Net income: NT$9.30m (down 50% from 1Q 2020). Profit margin: 3.9% (down from 8.8% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Reported Earnings • Mar 19
Full year 2020 earnings released: EPS NT$0.08 (vs NT$1.01 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$847.3m (up 10.0% from FY 2019). Net income: NT$6.55m (down 91% from FY 2019). Profit margin: 0.8% (down from 9.5% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Mar 03
Amulaire Thermal Technology, Inc., Annual General Meeting, May 27, 2021 Amulaire Thermal Technology, Inc., Annual General Meeting, May 27, 2021. Is New 90 Day High Low • Jan 04
New 90-day high: NT$57.50 The company is up 1.0% from its price of NT$57.00 on 06 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 15% over the same period. Reported Earnings • Nov 08
Third quarter 2020 earnings released: NT$0.11 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: NT$204.5m (down 3.0% from 3Q 2019). Net loss: NT$8.51m (down 164% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Sep 21
New 90-day low: NT$53.80 The company is down 20% from its price of NT$67.30 on 23 June 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$6.66 per share. Announcement • Aug 27
Amulaire Thermal Technology, Inc. has completed a Follow-on Equity Offering in the amount of TWD 748.123 million. Amulaire Thermal Technology, Inc. has completed a Follow-on Equity Offering in the amount of TWD 748.123 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 14,962,460
Price\Range: TWD 50