Reported Earnings • May 16
First quarter 2026 earnings released: NT$0.22 loss per share (vs NT$0.13 profit in 1Q 2025) First quarter 2026 results: NT$0.22 loss per share (down from NT$0.13 profit in 1Q 2025). Revenue: NT$77.7m (up 1.4% from 1Q 2025). Net loss: NT$19.6m (down 289% from profit in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 25
Full year 2025 earnings released: NT$1.13 loss per share (vs NT$0.53 loss in FY 2024) Full year 2025 results: NT$1.13 loss per share (further deteriorated from NT$0.53 loss in FY 2024). Revenue: NT$324.1m (down 8.2% from FY 2024). Net loss: NT$91.7m (loss widened 120% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Announcement • Mar 13
Hsinjing Holding Co., Ltd., Annual General Meeting, Jun 25, 2026 Hsinjing Holding Co., Ltd., Annual General Meeting, Jun 25, 2026. Location: 9 floor no,168, sec.2 fu hsing 3rd rd., jhubei city, hsinchu county Taiwan Reported Earnings • Nov 15
Third quarter 2025 earnings released: NT$0.24 loss per share (vs NT$0.20 loss in 3Q 2024) Third quarter 2025 results: NT$0.24 loss per share (further deteriorated from NT$0.20 loss in 3Q 2024). Revenue: NT$70.3m (down 18% from 3Q 2024). Net loss: NT$19.2m (loss widened 22% from 3Q 2024). 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. New Risk • Sep 17
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 6.8% 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 15% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (NT$2.16b market cap, or US$71.7m). Reported Earnings • Aug 15
Second quarter 2025 earnings released: NT$0.43 loss per share (vs NT$0.14 loss in 2Q 2024) Second quarter 2025 results: NT$0.43 loss per share (further deteriorated from NT$0.14 loss in 2Q 2024). Revenue: NT$73.4m (down 2.8% from 2Q 2024). Net loss: NT$34.8m (loss widened 217% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. New Risk • Aug 15
New major risk - Revenue and earnings growth Earnings have declined by 15% 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 Risk Earnings have declined by 15% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.48b market cap, or US$49.4m). Announcement • Jul 29
Hsinjing Holding Co., Ltd. has filed a Follow-on Equity Offering in the amount of TWD 15.3 million. Hsinjing Holding Co., Ltd. has filed a Follow-on Equity Offering in the amount of TWD 15.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 850,000
Price\Range: TWD 18 Reported Earnings • May 19
First quarter 2025 earnings released: EPS: NT$0.13 (vs NT$0.098 loss in 1Q 2024) First quarter 2025 results: EPS: NT$0.13 (up from NT$0.098 loss in 1Q 2024). Revenue: NT$76.7m (down 20% from 1Q 2024). Net income: NT$10.4m (up NT$18.0m from 1Q 2024). Profit margin: 14% (up from net loss in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Announcement • May 06
Hsinjing Holding Co., Ltd. to Report Q1, 2025 Results on May 13, 2025 Hsinjing Holding Co., Ltd. announced that they will report Q1, 2025 results on May 13, 2025 Reported Earnings • Mar 19
Full year 2024 earnings released: NT$0.53 loss per share (vs NT$0.27 loss in FY 2023) Full year 2024 results: NT$0.53 loss per share (further deteriorated from NT$0.27 loss in FY 2023). Revenue: NT$353.0m (down 54% from FY 2023). Net loss: NT$41.6m (loss widened 97% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Announcement • Mar 06
Hsinjing Holding Co., Ltd., Annual General Meeting, Jun 27, 2025 Hsinjing Holding Co., Ltd., Annual General Meeting, Jun 27, 2025. Location: 9 floor no,168, sec.2 fu hsing 3rd rd., jhubei city, hsinchu county Taiwan Announcement • Jan 02
Hsinjing Holding Co., Ltd. Announces Change of Chen, Ching-Hai, Chief Operating Officer Hsinjing Holding Co., Ltd. announced Change of Chief Operating Officers. Name, Title, and Resume of the Previous Position Holder: Chen, Ching-Hai, Senior Vice President and Chief of Staff of Lint-On It. Corp. Reason for the change: new replacement, Effective date: January 1, 2025. Reported Earnings • Nov 19
Third quarter 2024 earnings released: NT$0.20 loss per share (vs NT$0.046 profit in 3Q 2023) Third quarter 2024 results: NT$0.20 loss per share (down from NT$0.046 profit in 3Q 2023). Revenue: NT$85.6m (down 44% from 3Q 2023). Net loss: NT$15.8m (down NT$19.3m from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Announcement • Nov 05
Hsinjing Holding Co., Ltd. to Report Q3, 2024 Results on Nov 12, 2024 Hsinjing Holding Co., Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024 Reported Earnings • Aug 17
Second quarter 2024 earnings released: NT$0.14 loss per share (vs NT$0.17 loss in 2Q 2023) Second quarter 2024 results: NT$0.14 loss per share (improved from NT$0.17 loss in 2Q 2023). Revenue: NT$75.5m (down 54% from 2Q 2023). Net loss: NT$11.0m (loss narrowed 17% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Announcement • Aug 06
Hsinjing Holding Co., Ltd. to Report Q2, 2024 Results on Aug 13, 2024 Hsinjing Holding Co., Ltd. announced that they will report Q2, 2024 results on Aug 13, 2024 New Risk • Jul 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 7.0% 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 Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (NT$2.62b market cap, or US$80.5m). Reported Earnings • May 19
First quarter 2024 earnings released: NT$0.10 loss per share (vs NT$0.20 loss in 1Q 2023) First quarter 2024 results: NT$0.10 loss per share (improved from NT$0.20 loss in 1Q 2023). Revenue: NT$95.5m (down 19% from 1Q 2023). Net loss: NT$7.66m (loss narrowed 52% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • May 03
Hsinjing Holding Co., Ltd. to Report Q1, 2024 Results on May 10, 2024 Hsinjing Holding Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024 Reported Earnings • Mar 06
Full year 2023 earnings released: NT$0.27 loss per share (vs NT$0.88 profit in FY 2022) Full year 2023 results: NT$0.27 loss per share (down from NT$0.88 profit in FY 2022). Revenue: NT$760.2m (down 40% from FY 2022). Net loss: NT$21.2m (down 131% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. New Risk • Nov 30
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 5.6% 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 Debt is not well covered by operating cash flow (4.2% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Market cap is less than US$100m (NT$2.15b market cap, or US$68.5m). New Risk • Nov 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 60% 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: Major Risk Debt is not well covered by operating cash flow (4.3% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Market cap is less than US$100m (NT$1.91b market cap, or US$60.3m). Reported Earnings • Aug 12
Second quarter 2023 earnings released: NT$0.17 loss per share (vs NT$0.24 profit in 2Q 2022) Second quarter 2023 results: NT$0.17 loss per share (down from NT$0.24 profit in 2Q 2022). Revenue: NT$165.2m (down 45% from 2Q 2022). Net loss: NT$13.3m (down 169% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to NT$30.25, the stock trades at a trailing P/E ratio of 46.2x. Average trailing P/E is 17x in the Electrical industry in Taiwan. Total loss to shareholders of 31% over the past three years. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: NT$0.25 (vs NT$0.26 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.25 (down from NT$0.26 in 2Q 2021). Revenue: NT$301.8m (up 97% from 2Q 2021). Net income: NT$19.1m (down 4.5% from 2Q 2021). Profit margin: 6.3% (down from 13% in 2Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.02 (vs NT$0.27 in 1Q 2021) First quarter 2022 results: EPS: NT$0.02 (down from NT$0.27 in 1Q 2021). Revenue: NT$166.4m (down 29% from 1Q 2021). Net income: NT$1.65m (down 92% from 1Q 2021). Profit margin: 1.0% (down from 9.0% in 1Q 2021). The decrease in margin was driven by lower revenue. Announcement • Apr 02
Hsinjing Holding Co., Ltd., Annual General Meeting, Jun 28, 2022 Hsinjing Holding Co., Ltd., Annual General Meeting, Jun 28, 2022. Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: NT$0.43 (vs NT$0.066 in FY 2020) Full year 2021 results: EPS: NT$0.43 (up from NT$0.066 in FY 2020). Revenue: NT$675.6m (up 300% from FY 2020). Net income: NT$33.6m (up NT$28.5m from FY 2020). Profit margin: 5.0% (up from 3.0% in FY 2020). The increase in margin was driven by higher revenue. Reported Earnings • Nov 15
Third quarter 2021 earnings released: NT$0.03 loss per share (vs NT$0.019 profit in 3Q 2020) The company reported a decent third quarter result with improved revenues, although earnings and control over costs were weaker. Third quarter 2021 results: Revenue: NT$75.9m (up 132% from 3Q 2020). Net loss: NT$2.65m (down 279% from profit in 3Q 2020). Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$0.26 (vs NT$0.046 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$153.0m (up 389% from 2Q 2020). Net income: NT$20.0m (up NT$23.6m from 2Q 2020). Profit margin: 13% (up from net loss in 2Q 2020). Reported Earnings • Mar 31
Full year 2020 earnings released: EPS NT$0.07 (vs NT$0.77 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$169.0m (down 40% from FY 2019). Net income: NT$5.12m (up NT$65.1m from FY 2019). Profit margin: 3.0% (up from net loss in FY 2019). Is New 90 Day High Low • Feb 26
New 90-day high: NT$59.50 The company is up 43% from its price of NT$41.60 on 27 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 10.0% over the same period. Is New 90 Day High Low • Feb 04
New 90-day high: NT$48.75 The company is up 16% from its price of NT$41.85 on 06 November 2020. The Taiwanese market is up 21% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electrical industry, which is up 8.0% over the same period. Is New 90 Day High Low • Nov 17
New 90-day low: NT$39.75 The company is down 36% from its price of NT$62.00 on 19 August 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 6.0% over the same period. Is New 90 Day High Low • Oct 16
New 90-day low: NT$40.40 The company is down 28% from its price of NT$56.50 on 17 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 12% over the same period. Announcement • Sep 17
Hsinjing Holding Co., Ltd. and GUH Renewable Energy Co., Ltd. Enter Memorandum of Understanding The Board of Directors of the Company ("Board") wishes to announce that on 15 September 2020, GUH Renewable Energy Co., Ltd. ("GUHRE") (Company Registration No.: 83177643) a wholly-owned subsidiary of the Company has entered into a Memorandum of Understanding (the "MOU") with Hsinjing Holding Co., Ltd. ("Hsinjing") (Company Registration No.: 83423700) a company incorporated in Taiwan (R.O.C.) to collaborate with the aim of exploring business opportunities worth up to TWD 10,000,000,000.00 only within the renewable energy sector in Taiwan (R.O.C.). The MOU is entered into solely for purposes of a signing ceremony and shall not have any legal effect on any prior or subsequent agreements between the parties or their related entities. The collaboration between the parties shall be for the following purposes: To provide an opportunity for the parties to establish a collaboration; To explore business opportunities in the renewable energy sector in Taiwan (R.O.C.) on a non-exclusive basis. With an eye toward energy security, the green economy and environmental sustainability, on October 27, 2016 the Taiwanese Government approved a plan to promote green energy technology and industrial innovation as part of the government's "five plus two" innovative industries plan, which calls for 20% of Taiwan's energy to come from renewable sources by 2025. Of that 20%, nearly two-thirds (66.3%) will be solar power. The plan lays a clear path toward achieving this goal: 6.5 gigawatts (GW) of installed capacity by 2020 and by 2025 the full 20 GW. The collaboration provides opportunities for GUHRE to work with experienced local Taiwanese renewable energy player like Hsinjing in acquiring renewable energy projects in Taiwan (R.O.C.). The collaboration is in line with the Company's business strategy and this creates the potential for the Company to add a steady revenue stream from abroad. 
