Reported Earnings • May 19
First quarter 2026 earnings released: EPS: NT$0.21 (vs NT$0.32 loss in 1Q 2025) First quarter 2026 results: EPS: NT$0.21 (up from NT$0.32 loss in 1Q 2025). Revenue: NT$1.01b (up 22% from 1Q 2025). Net income: NT$23.1m (up NT$51.0m from 1Q 2025). Profit margin: 2.3% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 9% per year. New Risk • Apr 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% 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 (2.0% operating cash flow to total debt). Earnings have declined by 55% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (NT$2.10b market cap, or US$66.5m). Reported Earnings • Mar 31
Full year 2025 earnings released: NT$1.18 loss per share (vs NT$2.01 loss in FY 2024) Full year 2025 results: NT$1.18 loss per share (improved from NT$2.01 loss in FY 2024). Revenue: NT$3.53b (up 3.2% from FY 2024). Net loss: NT$104.3m (loss narrowed 41% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. New Risk • Mar 16
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 10% 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 (2.9% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 61% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.76b market cap, or US$55.1m). Announcement • Mar 16
Copartner Technology Corporation, Annual General Meeting, Jun 16, 2026 Copartner Technology Corporation, Annual General Meeting, Jun 16, 2026, at 09:00 Taipei Standard Time. Location: 3 floor no,631, chung cheng rd., jhonghe district, new taipei city Taiwan New Risk • Jan 02
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 (2.9% operating cash flow to total debt). Earnings have declined by 61% 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$1.45b market cap, or US$46.3m). Reported Earnings • Nov 15
Third quarter 2025 earnings released: NT$0.18 loss per share (vs NT$0.85 loss in 3Q 2024) Third quarter 2025 results: NT$0.18 loss per share (improved from NT$0.85 loss in 3Q 2024). Revenue: NT$881.2m (up 4.1% from 3Q 2024). Net loss: NT$15.8m (loss narrowed 79% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Aug 14
Second quarter 2025 earnings released: NT$0.20 loss per share (vs NT$0.046 loss in 2Q 2024) Second quarter 2025 results: NT$0.20 loss per share (further deteriorated from NT$0.046 loss in 2Q 2024). Revenue: NT$912.9m (up 5.0% from 2Q 2024). Net loss: NT$17.1m (loss widened 326% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • May 15
First quarter 2025 earnings released: NT$0.32 loss per share (vs NT$0.20 loss in 1Q 2024) First quarter 2025 results: NT$0.32 loss per share (further deteriorated from NT$0.20 loss in 1Q 2024). Revenue: NT$828.7m (up 10% from 1Q 2024). Net loss: NT$27.9m (loss widened 64% from 1Q 2024). 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 • May 07
Copartner Technology Corporation to Report Q1, 2025 Results on May 14, 2025 Copartner Technology Corporation announced that they will report Q1, 2025 results on May 14, 2025 New Risk • Apr 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 71% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (NT$1.15b market cap, or US$34.8m). Reported Earnings • Apr 01
Full year 2024 earnings released: NT$2.01 loss per share (vs NT$4.14 loss in FY 2023) Full year 2024 results: NT$2.01 loss per share (improved from NT$4.14 loss in FY 2023). Revenue: NT$3.42b (down 6.1% from FY 2023). Net loss: NT$176.1m (loss narrowed 51% from FY 2023). 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 • Mar 17
Copartner Technology Corporation, Annual General Meeting, Jun 13, 2025 Copartner Technology Corporation, Annual General Meeting, Jun 13, 2025, at 09:00 Taipei Standard Time. Location: 3 floor no,631, chung cheng rd., jhonghe district, new taipei city Taiwan Reported Earnings • Nov 18
Third quarter 2024 earnings released: NT$0.85 loss per share (vs NT$0.98 loss in 3Q 2023) Third quarter 2024 results: NT$0.85 loss per share (improved from NT$0.98 loss in 3Q 2023). Revenue: NT$846.4m (down 12% from 3Q 2023). Net loss: NT$74.2m (loss narrowed 13% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. New Risk • Sep 04
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 7.5% 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). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 70% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (NT$2.05b market cap, or US$63.6m). Reported Earnings • Aug 14
Second quarter 2024 earnings released: NT$0.05 loss per share (vs NT$0.23 loss in 2Q 2023) Second quarter 2024 results: NT$0.05 loss per share (improved from NT$0.23 loss in 2Q 2023). Revenue: NT$869.1m (down 5.8% from 2Q 2023). Net loss: NT$4.03m (loss narrowed 80% from 2Q 2023). 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. Announcement • Aug 03
Copartner Technology Corporation to Report Q2, 2024 Results on Aug 12, 2024 Copartner Technology Corporation announced that they will report Q2, 2024 results on Aug 12, 2024 Reported Earnings • May 19
First quarter 2024 earnings released: NT$0.19 loss per share (vs NT$0.38 loss in 1Q 2023) First quarter 2024 results: NT$0.19 loss per share (improved from NT$0.38 loss in 1Q 2023). Revenue: NT$751.2m (down 17% from 1Q 2023). Net loss: NT$17.1m (loss narrowed 49% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 129 percentage points per year, which is a significant difference in performance. Announcement • May 15
Copartner Technology Corporation Announces Compensation Committee Changes Copartner Technology Corporation announced the appointment of members to the compensation committee by the Board of Directors. Name of the previous position holder: Li, Chien-Jan. Resume of the previous position holder: Professor, Department of Accountancy, National Taipei University. Name of the new position holder: Huang, Shih-Yi. Resume of the new position holder: Former director of the China Development Financial Holding Corporation. Reason for the change: The original member resigned on March 1,2024, so the Board of Directors appoints according to the regulation. Effective date of the new member: May 14, 2024. The newly appointed member complements the term of the current Compensation Committee, from May 14, 2024, to June 29, 2026. Announcement • May 08
Copartner Technology Corporation to Report Q1, 2024 Results on May 14, 2024 Copartner Technology Corporation announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 14, 2024 New Risk • Mar 31
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 4.0% 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 (4.0% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 59% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.31b market cap, or US$40.9m). Announcement • Mar 14
Copartner Technology Corporation, Annual General Meeting, Jun 14, 2024 Copartner Technology Corporation, Annual General Meeting, Jun 14, 2024. Location: RSL Hotel Taipei Zhonghe 3F, No. 631 Zhongzheng Road, Zhonghe District Taipei City Taiwan Agenda: To consider 2023 Employee and Director Remunerations Distribution Status Report; to consider 2023 Director Remunerations Report; to consider 2023 Business Status Report; to consider Audit Committee's Review Report on the 2023 Financial Statements; and to consider other business matters. Announcement • Feb 22
Copartner Technology Corporation Announces Resignation of Li, Chien-Jan as Independent Director, Effective from February 29, 2024 Copartner Technology Corporation announced the resignation of Li, Chien-Jan as Independent Director, due to personal reason. The Company formally acknowledged receipt of the resignation letter on February 21, 2024. The effective period of the resignation extends until February 29, 2024. The independent director has voluntarily relinquished both the responsibilities associated with the independent directorship and membership on the Functional Committee of the Board of Directors. The vacancy for independent directors will be filled by election at 2024 annual shareholders meeting. Reported Earnings • Aug 11
Second quarter 2023 earnings released: NT$0.23 loss per share (vs NT$0.22 profit in 2Q 2022) Second quarter 2023 results: NT$0.23 loss per share (down from NT$0.22 profit in 2Q 2022). Revenue: NT$922.9m (down 15% from 2Q 2022). Net loss: NT$20.4m (down 207% from profit in 2Q 2022). 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. Upcoming Dividend • Jul 17
Upcoming dividend of NT$0.50 per share at 3.1% yield Eligible shareholders must have bought the stock before 24 July 2023. Payment date: 17 August 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (3.0%). Reported Earnings • Mar 31
Full year 2022 earnings released: NT$0.26 loss per share (vs NT$0.94 profit in FY 2021) Full year 2022 results: NT$0.26 loss per share (down from NT$0.94 profit in FY 2021). Revenue: NT$4.17b (down 14% from FY 2021). Net loss: NT$22.6m (down 128% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Board Change • Nov 16
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. No experienced directors. 7 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Qing Xi Yang was the last independent director to join the board, commencing their role in 2014. 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 12
Third quarter 2022 earnings released: NT$0.25 loss per share (vs NT$0.068 profit in 3Q 2021) Third quarter 2022 results: NT$0.25 loss per share (down from NT$0.068 profit in 3Q 2021). Revenue: NT$973.9m (down 20% from 3Q 2021). Net loss: NT$22.3m (down 476% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: NT$0.22 (vs NT$0.44 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.22 (down from NT$0.44 in 2Q 2021). Revenue: NT$1.08b (down 16% from 2Q 2021). Net income: NT$19.1m (down 49% from 2Q 2021). Profit margin: 1.8% (down from 2.9% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 12
Upcoming dividend of NT$0.30 per share Eligible shareholders must have bought the stock before 19 July 2022. Payment date: 11 August 2022. Payout ratio is on the higher end at 85% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Taiwanese dividend payers (6.7%). Lower than average of industry peers (3.8%). Reported Earnings • May 13
First quarter 2022 earnings released: NT$0.15 loss per share (vs NT$0.46 profit in 1Q 2021) First quarter 2022 results: NT$0.15 loss per share (down from NT$0.46 profit in 1Q 2021). Revenue: NT$1.08b (down 3.4% from 1Q 2021). Net loss: NT$12.7m (down 133% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. 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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Qing Xi Yang was the last independent director to join the board, commencing their role in 2014. 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 31
Full year 2021 earnings released: EPS: NT$0.96 (vs NT$0.94 in FY 2020) Full year 2021 results: EPS: NT$0.96 (up from NT$0.94 in FY 2020). Revenue: NT$4.85b (up 35% from FY 2020). Net income: NT$81.8m (up 2.4% from FY 2020). Profit margin: 1.7% (down from 2.2% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 09
Third quarter 2021 earnings released: EPS NT$0.07 (vs NT$0.18 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$1.22b (up 30% from 3Q 2020). Net income: NT$5.91m (down 62% from 3Q 2020). Profit margin: 0.5% (down from 1.7% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year. Upcoming Dividend • Sep 07
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 14 September 2021. Payment date: 07 October 2021. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (3.3%). Reported Earnings • Aug 11
Second quarter 2021 earnings released: EPS NT$0.43 (vs NT$0.45 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$1.28b (up 48% from 2Q 2020). Net income: NT$37.0m (down 3.6% from 2Q 2020). Profit margin: 2.9% (down from 4.4% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorated over the past week After last week's 23% share price decline to NT$15.50, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 14x in the Electrical industry in Taiwan. Total loss to shareholders of 7.8% over the past three years. Reported Earnings • May 11
First quarter 2021 earnings released: EPS NT$0.46 (vs NT$0.20 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$1.12b (up 71% from 1Q 2020). Net income: NT$39.0m (up NT$56.4m from 1Q 2020). Profit margin: 3.5% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% 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 21
Investor sentiment improved over the past week After last week's 18% share price gain to NT$22.50, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 19x in the Electrical industry in Taiwan. Total returns to shareholders of 27% over the past three years. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS NT$0.94 (vs NT$0.58 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$3.60b (up 1.9% from FY 2019). Net income: NT$79.9m (up 62% from FY 2019). Profit margin: 2.2% (up from 1.4% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 22% share price gain to NT$19.45, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 17x in the Electrical industry in Taiwan. Total returns to shareholders of 8.4% over the past three years. Is New 90 Day High Low • Mar 03
New 90-day high: NT$15.90 The company is up 5.0% from its price of NT$15.10 on 03 December 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 8.0% over the same period. Is New 90 Day High Low • Feb 01
New 90-day low: NT$13.70 The company is down 3.0% from its price of NT$14.15 on 03 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 8.0% over the same period. Is New 90 Day High Low • Jan 11
New 90-day high: NT$15.40 The company is up 3.0% from its price of NT$15.00 on 13 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 9.0% over the same period. Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS NT$0.18 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$944.5m (up 5.7% from 3Q 2019). Net income: NT$15.7m (down 11% from 3Q 2019). Profit margin: 1.7% (down from 2.0% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% 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. Is New 90 Day High Low • Oct 05
New 90-day high: NT$16.70 The company is up 30% from its price of NT$12.80 on 07 July 2020. The Taiwanese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 8.0% over the same period. Is New 90 Day High Low • Sep 18
New 90-day high: NT$15.05 The company is up 17% from its price of NT$12.90 on 19 June 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 14% over the same period.