Reported Earnings • May 17
First quarter 2026 earnings released: NT$0.45 loss per share (vs NT$0.41 loss in 1Q 2025) First quarter 2026 results: NT$0.45 loss per share (further deteriorated from NT$0.41 loss in 1Q 2025). Net loss: NT$100.9m (loss widened 9.3% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 12
Full year 2025 earnings released: NT$0.80 loss per share (vs NT$0.21 profit in FY 2024) Full year 2025 results: NT$0.80 loss per share (down from NT$0.21 profit in FY 2024). Net loss: NT$180.0m (down 481% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Mar 12
Chainqui Construction Development Co., Ltd., Annual General Meeting, May 27, 2026 Chainqui Construction Development Co., Ltd., Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: b1 floor no,329, hsin hu 2nd rd., neihu district, taipei city Taiwan New Risk • Mar 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.19b (US$100.0m) 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 46% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.19b market cap, or US$100.0m). Reported Earnings • Nov 13
Third quarter 2025 earnings released: NT$0.03 loss per share (vs NT$0.40 profit in 3Q 2024) Third quarter 2025 results: NT$0.03 loss per share (down from NT$0.40 profit in 3Q 2024). Net loss: NT$7.65m (down 109% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 13
Second quarter 2025 earnings released: NT$0.17 loss per share (vs NT$0.28 profit in 2Q 2024) Second quarter 2025 results: NT$0.17 loss per share (down from NT$0.28 profit in 2Q 2024). Revenue: NT$63.2m (down 89% from 2Q 2024). Net loss: NT$38.3m (down 160% from profit in 2Q 2024). 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. New Risk • Jul 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$2.92b (US$99.5m) 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 Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 50% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.92b market cap, or US$99.5m). New Risk • May 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 58% 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 Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 50% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • May 10
First quarter 2025 earnings released: NT$0.41 loss per share (vs NT$0.25 loss in 1Q 2024) First quarter 2025 results: NT$0.41 loss per share (further deteriorated from NT$0.25 loss in 1Q 2024). Revenue: NT$69.3m (up 18% from 1Q 2024). Net loss: NT$92.3m (loss widened 62% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 01
Chainqui Construction Development Co., Ltd. to Report Q1, 2025 Results on May 08, 2025 Chainqui Construction Development Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$13.15, the stock trades at a trailing P/E ratio of 62.4x. Average trailing P/E is 16x in the Construction industry in Taiwan. Total loss to shareholders of 20% over the past three years. New Risk • Apr 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.21b (US$97.1m) 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 Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 58% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.21b market cap, or US$97.1m). New Risk • Mar 18
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Earnings have declined by 58% per year over the past 5 years. Reported Earnings • Mar 18
Full year 2024 earnings released: EPS: NT$0.21 (vs NT$1.09 loss in FY 2023) Full year 2024 results: EPS: NT$0.21 (up from NT$1.09 loss in FY 2023). Revenue: NT$1.42b (up NT$1.20b from FY 2023). Net income: NT$47.3m (up NT$292.9m from FY 2023). Profit margin: 3.3% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 1% per year. Announcement • Mar 17
Chainqui Construction Development Co., Ltd., Annual General Meeting, Jun 10, 2025 Chainqui Construction Development Co., Ltd., Annual General Meeting, Jun 10, 2025, at 09:00 Taipei Standard Time. Location: b1 floor no,329, hsin hu 2nd rd., neihu district, taipei city Taiwan Board Change • Dec 06
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Yan-Zong Lee was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Dec 06
Now 22% overvalued Over the last 90 days, the stock has fallen 24% to NT$17.50. The fair value is estimated to be NT$14.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.9% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Nov 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 36% 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 Earnings have declined by 73% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Buy Or Sell Opportunity • Nov 21
Now 20% overvalued Over the last 90 days, the stock has fallen 27% to NT$17.55. The fair value is estimated to be NT$14.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.9% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: NT$0.40 (vs NT$0.23 loss in 3Q 2023) Third quarter 2024 results: EPS: NT$0.40 (up from NT$0.23 loss in 3Q 2023). Revenue: NT$711.8m (up NT$654.2m from 3Q 2023). Net income: NT$88.7m (up NT$140.6m from 3Q 2023). Profit margin: 13% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. New Risk • Sep 21
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 7.6% 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 Risks Interest payments are not well covered by earnings (0.1x net interest cover). Earnings have declined by 78% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.28 (vs NT$0.28 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.28 (up from NT$0.28 loss in 2Q 2023). Revenue: NT$584.8m (up NT$530.0m from 2Q 2023). Net income: NT$63.4m (up NT$127.0m from 2Q 2023). Profit margin: 11% (up from net loss in 2Q 2023). 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 103 percentage points per year, which is a significant difference in performance. Announcement • Aug 09
Chainqui Construction Development Co., Ltd. to Report Q2, 2024 Results on Aug 12, 2024 Chainqui Construction Development Co., Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024 Announcement • Jun 08
Chainqui Construction Development Co., Ltd. Announces Board Appointments Chainqui Construction Development Co., Ltd. at its regular shareholders meeting held on June 6, 2024 elected Global Industrial Co.,Ltd - Lee Rui-Shan as Director and Lee Yan-Zong as Independent Director. Resume of the new position holder: Lee Rui-Shan: International Sales Manager of Hiyatek International Co., Ltd. Lee Yan-Zong: Chairman of Anyrui Investment Co., Ltd. Effective date of the new appointment is June 6, 2024. Reason for the change: term expired. Original term is from July 20, 2021 to July 19, 2024. Reported Earnings • May 19
First quarter 2024 earnings released: NT$0.25 loss per share (vs NT$0.24 loss in 1Q 2023) First quarter 2024 results: NT$0.25 loss per share (further deteriorated from NT$0.24 loss in 1Q 2023). Net loss: NT$56.9m (loss widened 6.0% from 1Q 2023). 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. Announcement • May 05
Chainqui Construction Development Co., Ltd. to Report Q1, 2024 Results on May 13, 2024 Chainqui Construction Development Co., Ltd. announced that they will report Q1, 2024 results on May 13, 2024 Reported Earnings • Mar 16
Full year 2023 earnings released: NT$1.09 loss per share (vs NT$0.67 loss in FY 2022) Full year 2023 results: NT$1.09 loss per share (further deteriorated from NT$0.67 loss in FY 2022). Net loss: NT$245.6m (loss widened 63% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Announcement • Mar 14
Chainqui Construction Development Co., Ltd., Annual General Meeting, Jun 06, 2024 Chainqui Construction Development Co., Ltd., Annual General Meeting, Jun 06, 2024. Location: B1,No.329,Xinhu 2nd Road,Neihu District,Taipei Taipei Taiwan Agenda: To consider the Company's business report for 2023; to consider the Audit Committee's review report for 2023; to consider the Acknowledgment of the 2023 annual final accounting books and statements; to consider the Election of new directors; to consider the Discussion to approve the lifting of non-competition restrictions for director. Announcement • Feb 07
Chainqui Construction Development Co., Ltd. Announces Resignation of Zhe-Nan Zhou as Member of Audit Committee and Remuneration Committee Chainqui Construction Development Co., Ltd. announced resignation of independent director as a member of audit committee and remuneration committee. Name of the functional committees: Audit Committee and Remuneration Committee. Name of the previous position holder: Zhe-nan Zhou; Resume of the previous position holder: Zhongshi Integrated Marketing Co., Ltd.-General Manager. Independent director Mr. Zhou Zhenan resigned as an independent director on Feb. 5, 2024. and simultaneously resigned as a member of the audit committee and salary and remuneration committee. Announcement • Feb 06
Chainqui Construction Development Co., Ltd. Announces Resignation of Zhenan Zhou as Independent Director Chainqui Construction Development Co., Ltd. announced the resignation of independent director. Title and name of the previous position holder: Independent director, Zhenan Zhou; Resume of the previous position holder: Zhongshi Integrated Marketing Co., Ltd.-General Manager. Independent director Mr. Zhou Zhenan resigned on Feb. 5, 2024. The company's directors will expire in 2024. New Risk • Nov 23
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 65% per year over the past 5 years. Reported Earnings • Aug 11
Second quarter 2023 earnings released: NT$0.28 loss per share (vs NT$0.19 loss in 2Q 2022) Second quarter 2023 results: NT$0.28 loss per share (further deteriorated from NT$0.19 loss in 2Q 2022). Net loss: NT$63.7m (loss widened 48% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 20
Third quarter 2022 earnings released: NT$0.13 loss per share (vs NT$0.053 loss in 3Q 2021) Third quarter 2022 results: NT$0.13 loss per share (further deteriorated from NT$0.053 loss in 3Q 2021). Net loss: NT$29.1m (loss widened 145% from 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Announcement • Nov 01
Chainqui Construction Development Co., Ltd. Announces Resignation of Liao Shuen-Hsin as Representative Director Chainqui Construction Development Co., Ltd. announced the resignation of Liao Shuen-Hsin as Representative Director. Resignation effective date on November 1, 2022. Reported Earnings • Aug 10
Second quarter 2022 earnings released: NT$0.19 loss per share (vs NT$0.061 profit in 2Q 2021) Second quarter 2022 results: NT$0.19 loss per share (down from NT$0.061 profit in 2Q 2021). Revenue: NT$50.0m (down 73% from 2Q 2021). Net loss: NT$43.2m (down 418% from profit in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Reported Earnings • May 11
First quarter 2022 earnings released: NT$0.12 loss per share (vs NT$0.27 profit in 1Q 2021) First quarter 2022 results: NT$0.12 loss per share (down from NT$0.27 profit in 1Q 2021). Revenue: NT$48.9m (down 87% from 1Q 2021). Net loss: NT$26.2m (down 144% 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 81 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. 4 experienced directors. 5 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Che-Nan Chou was the last independent 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$0.20 (down from NT$1.04 in FY 2020). Revenue: NT$792.9m (down 41% from FY 2020). Net income: NT$44.1m (down 81% from FY 2020). Profit margin: 5.6% (down from 17% in FY 2020). The decrease in margin was driven by lower revenue. 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 70 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 10
Third quarter 2021 earnings released: NT$0.05 loss per share (vs NT$0.14 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$126.5m (down 41% from 3Q 2020). Net loss: NT$11.9m (down 137% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 51% 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 • Aug 13
Second quarter 2021 earnings released: EPS NT$0.06 (vs NT$0.049 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$184.8m (up 77% from 2Q 2020). Net income: NT$13.6m (up NT$24.7m 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, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Aug 04
Upcoming dividend of NT$1.50 per share Eligible shareholders must have bought the stock before 11 August 2021. Payment date: 07 September 2021. Trailing yield: 4.7%. Lower than top quartile of Taiwanese dividend payers (5.0%). In line with average of industry peers (4.8%). Reported Earnings • May 13
First quarter 2021 earnings released: EPS NT$0.27 (vs NT$0.18 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$376.1m (up 20% from 1Q 2020). Net income: NT$60.2m (up 50% from 1Q 2020). Profit margin: 16% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% 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. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improved over the past week After last week's 18% share price gain to NT$22.45, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 16x in the Construction industry in Taiwan. Total returns to shareholders of 14% over the past three years. Announcement • Mar 17
Chainqui Construction Development Co.,Ltd, Annual General Meeting, Jun 10, 2021 Chainqui Construction Development Co.,Ltd, Annual General Meeting, Jun 10, 2021. Reported Earnings • Mar 17
Full year 2020 earnings released: EPS NT$1.03 (vs NT$1.96 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.34b (down 23% from FY 2019). Net income: NT$232.3m (down 47% from FY 2019). Profit margin: 17% (down from 26% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improved over the past week After last week's 20% share price gain to NT$20.70, the stock is trading at a trailing P/E ratio of 36.6x, up from the previous P/E ratio of 30.5x. This compares to an average P/E of 16x in the Construction industry in Taiwan. Total returns to shareholders over the past three years are 23%. Is New 90 Day High Low • Mar 08
New 90-day high: NT$20.70 The company is up 8.0% from its price of NT$19.25 on 08 December 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is up 3.0% over the same period. Is New 90 Day High Low • Jan 29
New 90-day low: NT$16.65 The company is down 12% from its price of NT$19.00 on 30 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is flat over the same period. Is New 90 Day High Low • Jan 05
New 90-day low: NT$18.40 The company is down 6.0% from its price of NT$19.50 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 Construction industry, which is up 4.0% over the same period. Is New 90 Day High Low • Dec 18
New 90-day low: NT$18.70 The company is down 9.0% from its price of NT$20.45 on 18 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 1.0% over the same period. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS NT$0.14 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$215.8m (down 32% from 3Q 2019). Net income: NT$32.2m (down 48% from 3Q 2019). Profit margin: 15% (down from 20% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 05
New 90-day low: NT$18.90 The company is down 2.0% from its price of NT$19.27 on 07 August 2020. The Taiwanese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 7.0% over the same period. Is New 90 Day High Low • Oct 16
New 90-day low: NT$19.05 The company is down 4.0% from its price of NT$19.82 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 Construction industry, which is up 7.0% over the same period.