New Risk • Mar 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 103% 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 Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Market cap is less than US$100m (NT$2.20b market cap, or US$68.6m). Announcement • Mar 13
Trinity Precision Technology Co., Ltd., Annual General Meeting, Jun 23, 2026 Trinity Precision Technology Co., Ltd., Annual General Meeting, Jun 23, 2026. Location: 2 floor no,106, kung yuan rd., jhunan township, miaoli county Taiwan Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: NT$0.01 (vs NT$0.23 in FY 2024) Full year 2025 results: EPS: NT$0.01 (down from NT$0.23 in FY 2024). Revenue: NT$821.0m (down 2.4% from FY 2024). Net income: NT$1.30m (down 94% from FY 2024). Profit margin: 0.2% (down from 2.4% in FY 2024). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. New Risk • Feb 25
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 9.3% 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 (9.3% average weekly change). Earnings have declined by 7.1% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$2.50b market cap, or US$79.9m). New Risk • Jan 23
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 6.9% 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 7.1% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (NT$1.89b market cap, or US$59.7m). Reported Earnings • Nov 12
Third quarter 2025 earnings released: EPS: NT$0.002 (vs NT$0.082 loss in 3Q 2024) Third quarter 2025 results: EPS: NT$0.002 (up from NT$0.082 loss in 3Q 2024). Revenue: NT$219.4m (up 3.6% from 3Q 2024). Net income: NT$200.0k (up NT$7.33m from 3Q 2024). Profit margin: 0.1% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Board Change • Oct 19
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Jun Hua Lian was the last independent director to join the board, commencing their role in 2020. 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 15
Second quarter 2025 earnings released: NT$0.38 loss per share (vs NT$0.096 profit in 2Q 2024) Second quarter 2025 results: NT$0.38 loss per share (down from NT$0.096 profit in 2Q 2024). Revenue: NT$179.4m (down 16% from 2Q 2024). Net loss: NT$32.7m (down 491% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 15
First quarter 2025 earnings released: NT$0.16 loss per share (vs NT$0.082 profit in 1Q 2024) First quarter 2025 results: NT$0.16 loss per share (down from NT$0.082 profit in 1Q 2024). Revenue: NT$195.6m (up 1.7% from 1Q 2024). Net loss: NT$14.0m (down 296% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • May 01
Trinity Precision Technology Co., Ltd. to Report Q1, 2025 Results on May 12, 2025 Trinity Precision Technology Co., Ltd. announced that they will report Q1, 2025 results on May 12, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$18.10, the stock trades at a trailing P/E ratio of 78.4x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 47% over the past three years. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$0.23 (vs NT$1.53 loss in FY 2023) Full year 2024 results: EPS: NT$0.23 (up from NT$1.53 loss in FY 2023). Revenue: NT$841.2m (up 21% from FY 2023). Net income: NT$20.0m (up NT$152.5m from FY 2023). Profit margin: 2.4% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 14
Trinity Precision Technology Co., Ltd., Annual General Meeting, Jun 19, 2025 Trinity Precision Technology Co., Ltd., Annual General Meeting, Jun 19, 2025, at 10:00 Taipei Standard Time. Location: no,134, toufen city, miaoli county Taiwan Reported Earnings • Nov 17
Third quarter 2024 earnings released: NT$0.08 loss per share (vs NT$0.14 loss in 3Q 2023) Third quarter 2024 results: NT$0.08 loss per share (improved from NT$0.14 loss in 3Q 2023). Revenue: NT$211.8m (up 27% from 3Q 2023). Net loss: NT$7.13m (loss narrowed 39% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.10 (vs NT$0.48 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.10 (up from NT$0.48 loss in 2Q 2023). Revenue: NT$212.8m (up 23% from 2Q 2023). Net income: NT$8.34m (up NT$50.1m from 2Q 2023). Profit margin: 3.9% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Announcement • Aug 02
Trinity Precision Technology Co., Ltd. to Report Q2, 2024 Results on Aug 13, 2024 Trinity Precision Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 13, 2024 Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Independent Director Jun Hua Lian was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 11
Trinity Precision Technology Co., Ltd. to Report Q1, 2024 Results on May 13, 2024 Trinity Precision Technology Co., Ltd. announced that they will report Q1, 2024 results on May 13, 2024 New Risk • Apr 11
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 8.4% 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 (8.4% average weekly change). Earnings have declined by 48% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.08b market cap, or US$33.4m). Reported Earnings • Mar 13
Full year 2023 earnings released: NT$1.53 loss per share (vs NT$1.71 loss in FY 2022) Full year 2023 results: NT$1.53 loss per share (improved from NT$1.71 loss in FY 2022). Revenue: NT$696.1m (down 20% from FY 2022). Net loss: NT$132.4m (loss narrowed 11% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Announcement • Mar 12
Trinity Precision Technology Co., Ltd., Annual General Meeting, Jun 25, 2024 Trinity Precision Technology Co., Ltd., Annual General Meeting, Jun 25, 2024, at 10:00 Taipei Standard Time. Location: No. 134, Neighbor 13, Tianliaoli Miaoli County (Yongzhen Palace Activity Center) Toufen City Taiwan Agenda: To approve 2023 Annual Operating Status Report; to approve the Audit Committee review of the 2022 financial statements and report; to approve Report on Mainland China Investment situation is hereby submitted for resolution; and to approve the Company's Directors Remuneration Report for 2023. Reported Earnings • Nov 15
Third quarter 2023 earnings released: NT$0.14 loss per share (vs NT$0.22 loss in 3Q 2022) Third quarter 2023 results: NT$0.14 loss per share (improved from NT$0.22 loss in 3Q 2022). Revenue: NT$166.7m (down 20% from 3Q 2022). Net loss: NT$11.8m (loss narrowed 39% from 3Q 2022). 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 11
Second quarter 2023 earnings released: NT$0.48 loss per share (vs NT$0.11 loss in 2Q 2022) Second quarter 2023 results: NT$0.48 loss per share (further deteriorated from NT$0.11 loss in 2Q 2022). Revenue: NT$172.5m (down 28% from 2Q 2022). Net loss: NT$41.7m (loss widened 322% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 09
Full year 2022 earnings released: NT$1.71 loss per share (vs NT$0.59 profit in FY 2021) Full year 2022 results: NT$1.71 loss per share (down from NT$0.59 profit in FY 2021). Revenue: NT$872.6m (down 28% from FY 2021). Net loss: NT$148.3m (down 388% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Buying Opportunity • Feb 10
Now 20% undervalued Over the last 90 days, the stock is up 2.3%. The fair value is estimated to be NT$11.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.7% over the last 3 years. Meanwhile, the company became loss making. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Zheng Xue Yang was the last independent director to join the board, commencing their role in 2020. 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 • Nov 13
Third quarter 2022 earnings released: NT$0.22 loss per share (vs NT$0.36 profit in 3Q 2021) Third quarter 2022 results: NT$0.22 loss per share (down from NT$0.36 profit in 3Q 2021). Revenue: NT$208.7m (down 36% from 3Q 2021). Net loss: NT$19.2m (down 161% from profit in 3Q 2021). 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 4% per year, which means it is well ahead of earnings. Reported Earnings • Aug 15
Second quarter 2022 earnings released: NT$0.11 loss per share (vs NT$0.29 profit in 2Q 2021) Second quarter 2022 results: NT$0.11 loss per share (down from NT$0.29 profit in 2Q 2021). Revenue: NT$238.4m (down 30% from 2Q 2021). Net loss: NT$9.90m (down 139% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Zheng Xue Yang was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 16% share price gain to NT$14.40, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 17x in the Machinery industry in Taiwan. Total returns to shareholders of 54% over the past three years. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.37 (vs NT$0.13 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$326.5m (up 13% from 3Q 2020). Net income: NT$31.7m (up NT$43.0m from 3Q 2020). Profit margin: 9.7% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 8% per year. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS NT$0.29 (vs NT$0.17 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$338.9m (up 45% from 2Q 2020). Net income: NT$25.1m (up NT$39.8m from 2Q 2020). Profit margin: 7.4% (up from net loss in 2Q 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 68 percentage points per year, which is a significant difference in performance. Reported Earnings • May 14
First quarter 2021 earnings released: EPS NT$0.33 (vs NT$0.16 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$310.6m (up 23% from 1Q 2020). Net income: NT$28.8m (up NT$42.7m from 1Q 2020). Profit margin: 9.3% (up from net loss in 1Q 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 105 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 24
Full year 2020 earnings released: NT$0.72 loss per share (vs NT$0.24 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: NT$1.10b (down 15% from FY 2019). Net loss: NT$62.1m (loss widened 204% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 119 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 18
New 90-day high: NT$9.85 The company is up 15% from its price of NT$8.58 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Machinery industry, which is also up 15% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: NT$9.42 The company is up 16% from its price of NT$8.13 on 07 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 18% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: NT$0.13 loss per share The company reported a solid third quarter result with reduced losses and improved control over expenses, although revenues were flat. Third quarter 2020 results: Revenue: NT$288.4m (flat on 3Q 2019). Net loss: NT$11.3m (loss narrowed 5.3% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 128% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Sep 25
New 90-day high: NT$8.69 The company is up 16% from its price of NT$7.52 on 24 June 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 4.0% over the same period. 