Reported Earnings • May 20
First quarter 2026 earnings released: NT$2.46 loss per share (vs NT$1.72 loss in 1Q 2025) First quarter 2026 results: NT$2.46 loss per share (further deteriorated from NT$1.72 loss in 1Q 2025). Revenue: NT$138.7m (up 9.8% from 1Q 2025). Net loss: NT$74.7m (loss widened 88% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Announcement • Mar 06
Greenfiltec Ltd., Annual General Meeting, May 27, 2026 Greenfiltec Ltd., Annual General Meeting, May 27, 2026. Location: no,3, ch`ing nien rd., yangmei district, taoyuan city Taiwan Announcement • Jan 07
Greenfiltec Ltd. announced that it has received TWD 124.65 million in funding On January, 6, 2026, Greenfiltec Ltd closed the transaction. The offering consists of 2,770,000 Common Shares at a price per share TWD 45 for gross proceeds of TWD 124,650,000. Announcement • Dec 25
Greenfiltec Ltd. announced that it expects to receive TWD 90 million in funding Greenfiltec Ltd. announces a private placement to issue 2,000,000 shares at a price of NTD 45 per share for gross proceeds of NTD 90,000,000 on December 24, 2025. New Risk • Dec 17
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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.4% average weekly change). Earnings have declined by 61% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (NT$2.35b market cap, or US$74.7m). Reported Earnings • Nov 17
Third quarter 2025 earnings released: NT$2.25 loss per share (vs NT$2.28 loss in 3Q 2024) Third quarter 2025 results: NT$2.25 loss per share. Revenue: NT$197.9m (up 103% from 3Q 2024). Net loss: NT$62.2m (loss widened 23% from 3Q 2024). New Risk • Aug 20
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 58% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (NT$1.96b market cap, or US$64.9m). Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: NT$0.50 (vs NT$1.76 loss in 2Q 2024) Second quarter 2025 results: EPS: NT$0.50 (up from NT$1.76 loss in 2Q 2024). Revenue: NT$136.3m (down 1.9% from 2Q 2024). Net income: NT$13.9m (up NT$53.1m from 2Q 2024). Profit margin: 10% (up from net loss in 2Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. New Risk • Aug 07
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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 53% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (NT$1.48b market cap, or US$49.8m). New Risk • Jun 02
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 53% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (NT$1.26b market cap, or US$41.8m). Reported Earnings • May 18
First quarter 2025 earnings released: NT$1.72 loss per share (vs NT$1.40 loss in 1Q 2024) First quarter 2025 results: NT$1.72 loss per share (further deteriorated from NT$1.40 loss in 1Q 2024). Revenue: NT$126.3m (up 44% from 1Q 2024). Net loss: NT$39.7m (loss widened 27% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Announcement • May 01
Greenfiltec Ltd. to Report Q1, 2025 Results on May 08, 2025 Greenfiltec Ltd. announced that they will report Q1, 2025 results on May 08, 2025 New Risk • Apr 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 44% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (NT$1.12b market cap, or US$34.5m). Reported Earnings • Mar 19
Full year 2024 earnings released: NT$7.30 loss per share (vs NT$1.09 loss in FY 2023) Full year 2024 results: NT$7.30 loss per share (further deteriorated from NT$1.09 loss in FY 2023). Revenue: NT$446.9m (down 5.4% from FY 2023). Net loss: NT$162.3m (loss widened NT$138.1m from FY 2023). 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 • Feb 26
Greenfiltec Ltd., Annual General Meeting, May 29, 2025 Greenfiltec Ltd., Annual General Meeting, May 29, 2025. Location: no,3, ch`ing nien rd., yangmei district, taoyuan city Taiwan Announcement • Feb 20
Greenfiltec Ltd. to Report Q4, 2024 Results on Feb 25, 2025 Greenfiltec Ltd. announced that they will report Q4, 2024 results on Feb 25, 2025 Announcement • Feb 14
Greenfiltec Ltd. Announces the Change of Chief Technology Officer Greenfiltec Ltd. announcement of the change of the chief technology officer, effective February 13, 2025. Name, title, and resume of the previous position holder: Yang,Shu-Rui /The chief technology officer of GREENFILTEC LTD.
Name, title, and resume of the new position holder: Huang,Xiao-Wen/Deputy director of GREENFILTEC LTD. New Risk • Jan 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 6.1% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 38% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (NT$1.47b market cap, or US$44.6m). Reported Earnings • Nov 19
Third quarter 2024 earnings released: NT$2.28 loss per share (vs NT$2.06 loss in 3Q 2023) Third quarter 2024 results: NT$2.28 loss per share (further deteriorated from NT$2.06 loss in 3Q 2023). Revenue: NT$97.6m (up 7.9% from 3Q 2023). Net loss: NT$50.7m (loss widened 11% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Announcement • Oct 25
Greenfiltec Ltd. to Report Q3, 2024 Results on Nov 01, 2024 Greenfiltec Ltd. announced that they will report Q3, 2024 results on Nov 01, 2024 New Risk • Sep 03
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 4.2% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.2% operating cash flow to total debt). Earnings have declined by 31% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.32b market cap, or US$41.2m). Reported Earnings • Aug 17
Second quarter 2024 earnings released: NT$1.76 loss per share (vs NT$0.14 loss in 2Q 2023) Second quarter 2024 results: NT$1.76 loss per share (further deteriorated from NT$0.14 loss in 2Q 2023). Revenue: NT$138.9m (up 18% from 2Q 2023). Net loss: NT$39.2m (loss widened NT$36.1m from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Announcement • Jul 25
Greenfiltec Ltd. to Report Q2, 2024 Results on Aug 01, 2024 Greenfiltec Ltd. announced that they will report Q2, 2024 results on Aug 01, 2024 Announcement • Jun 01
Greenfiltec Ltd. Announces Board Changes Greenfiltec Ltd. approved changes to the board, at its AGM, held on May 30, 2024. Name and Resume of the previous position holder: Independent Director Guu, Sy-Ming, Chairman, AnesTek Corp. Independent Director Chu, Chien-Cheng CPA, Winterm CPA, Independent Director Chan, Chian-Yu Independent Director, GREENFILTEC. Name and Resume of the new position holder: Independent Director Chan, Chian-Yu, Independent Director, GREENFILTEC, Independent Director Wei, Xiu-Feng, Senior manager of manufacturing department, APLEX TECHNOLOGY INC. Independent Director Zheng,Su-Jun Director, MICROTIPS TECHNOLOGY INC. Effective date of the new member: May 30, 2024. Announcement • May 31
Greenfiltec Ltd. Announces Changes to Audit Committee Greenfiltec Ltd. announced changes to the Audit Committee. Name and Resume of the previous position holder: Guu, Sy-Ming, Chairman, AnesTek Corp., Chu, Chien-Cheng, CPA, Winterm CPA, Chan, Chian-Yu, Independent Director, GREENFILTEC. Name and resume of the new position holder: Chan, Chian-Yu, Independent Director, GREENFILTEC, Wei, Xiu-Feng, Senior manager of manufacturing department, APLEX TECHNOLOGY INC., and Zheng,Su-JunEffective date of the new member: May 30, 2024. Reported Earnings • May 19
First quarter 2024 earnings released: NT$1.40 loss per share (vs NT$0.23 profit in 1Q 2023) First quarter 2024 results: NT$1.40 loss per share (down from NT$0.23 profit in 1Q 2023). Revenue: NT$87.8m (down 50% from 1Q 2023). Net loss: NT$31.1m (down NT$36.2m from profit in 1Q 2023). Reported Earnings • Mar 05
Full year 2023 earnings released: NT$1.09 loss per share (vs NT$5.13 profit in FY 2022) Full year 2023 results: NT$1.09 loss per share (down from NT$5.13 profit in FY 2022). Revenue: NT$472.3m (down 56% from FY 2022). Net loss: NT$24.2m (down 123% from profit in FY 2022). 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 6.0% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (NT$1.41b market cap, or US$44.8m). Reported Earnings • Nov 15
Third quarter 2023 earnings released: NT$2.06 loss per share (vs NT$1.77 profit in 3Q 2022) Third quarter 2023 results: NT$2.06 loss per share (down from NT$1.77 profit in 3Q 2022). Revenue: NT$90.5m (down 68% from 3Q 2022). Net loss: NT$45.7m (down 216% from profit in 3Q 2022). Announcement • Nov 02
Greenfiltec Ltd. Announces Chief Technology Officer Changes Greenfiltec Ltd. announced the appointment of Yang,Shu-Rui, Executive assistant of the company as chief technology officer. Name, title, and resume of the previous position holder: Yu,Yi-Hui, the chief technology officer of the company. Reason for the change: Position adjustment. Effective date: November 1, 2023. New Risk • Aug 17
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.3% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (46% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (7.3% net profit margin). Market cap is less than US$100m (NT$1.49b market cap, or US$46.6m). Reported Earnings • Aug 17
Second quarter 2023 earnings released: NT$0.14 loss per share (vs NT$1.68 profit in 2Q 2022) Second quarter 2023 results: NT$0.14 loss per share (down from NT$1.68 profit in 2Q 2022). Revenue: NT$117.8m (down 56% from 2Q 2022). Net loss: NT$3.14m (down 110% from profit in 2Q 2022). Upcoming Dividend • Jul 17
Upcoming dividend of NT$2.50 per share at 3.0% yield Eligible shareholders must have bought the stock before 24 July 2023. Payment date: 25 August 2023. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (3.1%). Announcement • Jul 07
Greenfiltec Ltd. Announces Cash Dividend, Payable August 25 2023 Greenfiltec Ltd. Announced record date for distribution for ex-rights and dividend. Type and monetary amount of dividend distribution: (1)Cash dividends:Cash dividends of TWD 2.5 per share, totaling TWD 52,948,750. Capitalization of earnings:Stock dividends of TWD 0.5 per share, totaling TWD 10,589,750. Ex-rights (Ex-dividend) date: July 24 2023. Last date before book closure: July 25 2023. Book closure starting date: July 26 2023. Book closure ending date: July 30 2023. Ex-rights (Ex-dividend) record date: July 30 2023. Payment date of cash dividend distribution: August 25 2023. Reported Earnings • Apr 22
Full year 2022 earnings released: EPS: NT$5.39 (vs NT$5.17 in FY 2021) Full year 2022 results: EPS: NT$5.39 (up from NT$5.17 in FY 2021). Revenue: NT$1.08b (up 31% from FY 2021). Net income: NT$107.8m (up 11% from FY 2021). Profit margin: 10.0% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$1.86 (vs NT$1.58 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.86 (up from NT$1.58 in 3Q 2021). Revenue: NT$278.1m (up 23% from 3Q 2021). Net income: NT$39.5m (up 33% from 3Q 2021). Profit margin: 14% (up from 13% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Machinery industry in Taiwan. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$1.86 (vs NT$1.58 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.86 (up from NT$1.58 in 3Q 2021). Revenue: NT$278.1m (up 23% from 3Q 2021). Net income: NT$39.5m (up 33% from 3Q 2021). Profit margin: 14% (up from 13% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Machinery industry in Taiwan. Announcement • Aug 06
Greenfiltec Ltd. Announces Cash Dividend, Payable on September 28, 2022 Greenfiltec Ltd. announced cash dividends of TWD 40,584,234, TWD 2.02511085 per share. Ex-rights (Ex-dividend) date is August 24, 2022, Ex-rights (Ex-dividend) record date is August 30, 2022 and Payment date of cash dividend distribution is September 28, 2022. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improved over the past week After last week's 16% share price gain to NT$95.50, the stock trades at a trailing P/E ratio of 16.4x. Average forward P/E is 12x in the Machinery industry in Taiwan. Total loss to shareholders of 41% over the past year. Simply Wall St's valuation model estimates the intrinsic value at NT$39.72 per share. Announcement • Jul 14
Greenfiltec Ltd. has completed a Follow-on Equity Offering in the amount of TWD 207.553 million. Greenfiltec Ltd. has completed a Follow-on Equity Offering in the amount of TWD 207.553 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 501,000
Price\Range: TWD 98.6
Security Name: Shares
Security Type: Common Stock
Securities Offered: 1,604,000
Price\Range: TWD 98.6 Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$90.30, the stock trades at a trailing P/E ratio of 15.5x. Average forward P/E is 12x in the Machinery industry in Taiwan. Total loss to shareholders of 49% over the past year. Simply Wall St's valuation model estimates the intrinsic value at NT$40.11 per share. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.78 (vs NT$0.94 in 1Q 2021) First quarter 2022 results: EPS: NT$0.78 (down from NT$0.94 in 1Q 2021). Revenue: NT$248.3m (up 49% from 1Q 2021). Net income: NT$13.8m (down 17% from 1Q 2021). Profit margin: 5.6% (down from 10.0% in 1Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 15
Full year 2021 earnings released: EPS: NT$5.46 (vs NT$4.81 in FY 2020) Full year 2021 results: EPS: NT$5.46 (up from NT$4.81 in FY 2020). Revenue: NT$828.9m (up 28% from FY 2020). Net income: NT$97.0m (up 16% from FY 2020). Profit margin: 12% (down from 13% in FY 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Dec 26
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: NT$1.67 (up from NT$1.18 in 3Q 2020). Revenue: NT$226.2m (up 56% from 3Q 2020). Net income: NT$29.7m (up 42% from 3Q 2020). Profit margin: 13% (down from 14% in 3Q 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 15% share price gain to NT$164, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 18x in the Machinery industry in Taiwan. 