Reported Earnings • Jul 25
Second quarter 2026 earnings released: EPS: NT$0.85 (vs NT$0.58 in 2Q 2025) Second quarter 2026 results: EPS: NT$0.85 (up from NT$0.58 in 2Q 2025). Revenue: NT$439.8m (up 37% from 2Q 2025). Net income: NT$80.0m (up 47% from 2Q 2025). Profit margin: 18% (up from 17% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$91.50, the stock trades at a trailing P/E ratio of 53.1x. Average trailing P/E is 20x in the Commercial Services industry in Taiwan. Total returns to shareholders of 19% over the past year. Announcement • May 26
Techzone Technology Materials Co., Ltd. has filed a Follow-on Equity Offering in the amount of TWD 766.545 million. Techzone Technology Materials Co., Ltd. has filed a Follow-on Equity Offering in the amount of TWD 766.545 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 11,793,000
Price(maximum): TWD 65 Reported Earnings • May 21
First quarter 2026 earnings released: EPS: NT$0.59 (vs NT$0.072 in 1Q 2025) First quarter 2026 results: EPS: NT$0.59 (up from NT$0.072 in 1Q 2025). Revenue: NT$413.1m (up 66% from 1Q 2025). Net income: NT$55.4m (up NT$48.6m from 1Q 2025). Profit margin: 13% (up from 2.7% in 1Q 2025). The increase in margin was driven by higher revenue. Reported Earnings • Apr 07
Full year 2025 earnings released: EPS: NT$0.70 (vs NT$0.97 in FY 2024) Full year 2025 results: EPS: NT$0.70 (down from NT$0.97 in FY 2024). Revenue: NT$1.29b (up 60% from FY 2024). Net income: NT$66.2m (down 26% from FY 2024). Profit margin: 5.1% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Announcement • Apr 01
Techzone Technology Materials Co., Ltd., Annual General Meeting, Jun 29, 2026 Techzone Technology Materials Co., Ltd., Annual General Meeting, Jun 29, 2026. Location: 2 floor no,2 ln.12, ta t`an 3rd rd., guanyin district, taoyuan city Taiwan New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Earnings have declined by 9.7% per year over the past 5 years. High level of non-cash earnings (36% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Profit margins are more than 30% lower than last year (3.8% net profit margin). Upcoming Dividend • Oct 02
Upcoming dividend of NT$0.60 per share Eligible shareholders must have bought the stock before 09 October 2025. Payment date: 11 November 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.8%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (4.2%). New Risk • Aug 17
New major risk - Revenue and earnings growth Earnings have declined by 9.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Earnings have declined by 9.7% per year over the past 5 years. High level of non-cash earnings (36% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (3.8% net profit margin). Reported Earnings • Apr 22
Full year 2024 earnings released: EPS: NT$0.97 (vs NT$1.66 in FY 2023) Full year 2024 results: EPS: NT$0.97 (down from NT$1.66 in FY 2023). Revenue: NT$806.9m (up 16% from FY 2023). Net income: NT$89.8m (down 37% from FY 2023). Profit margin: 11% (down from 21% in FY 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$68.00, the stock trades at a trailing P/E ratio of 45.1x. Average trailing P/E is 18x in the Commercial Services industry in Taiwan. Total loss to shareholders of 5.5% over the past year. Announcement • Mar 26
Techzone Technology Materials Co., Ltd., Annual General Meeting, Jun 13, 2025 Techzone Technology Materials Co., Ltd., Annual General Meeting, Jun 13, 2025, at 10:00 Taipei Standard Time. Location: 2 floor no,2 ln.12, ta t`an 3rd rd., guanyin district, taoyuan city Taiwan New Risk • Mar 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.5% operating cash flow to total debt). High level of non-cash earnings (56% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Profit margins are more than 30% lower than last year (18% net profit margin). Upcoming Dividend • Aug 22
Upcoming dividend of NT$0.55 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 11 October 2024. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (3.7%). Announcement • Apr 12
Techzone Technology Materials Co., Ltd., Annual General Meeting, Jun 24, 2024 Techzone Technology Materials Co., Ltd., Annual General Meeting, Jun 24, 2024. New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (38% accrual ratio). Minor Risks High level of debt (55% net debt to equity). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). New Risk • Aug 20
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 55% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (38% accrual ratio). Minor Risk High level of debt (55% net debt to equity). 
