Reported Earnings • May 16
First quarter 2026 earnings released: EPS: NT$0.30 (vs NT$0.043 in 1Q 2025) First quarter 2026 results: EPS: NT$0.30 (up from NT$0.043 in 1Q 2025). Revenue: NT$172.8m (up 6.6% from 1Q 2025). Net income: NT$23.6m (up NT$20.2m from 1Q 2025). Profit margin: 14% (up from 2.1% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. New Risk • Mar 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 478% 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 Debt is not well covered by operating cash flow (2.1% operating cash flow to total debt). Earnings have declined by 20% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (NT$1.19b market cap, or US$37.2m). Reported Earnings • Mar 18
Full year 2025 earnings released: EPS: NT$0.14 (vs NT$1.58 in FY 2024) Full year 2025 results: EPS: NT$0.14 (down from NT$1.58 in FY 2024). Revenue: NT$644.1m (flat on FY 2024). Net income: NT$10.6m (down 91% from FY 2024). Profit margin: 1.7% (down from 19% in FY 2024). 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 2% per year, which means it is well ahead of earnings. Announcement • Mar 12
Koan Hao Technology Co., Ltd., Annual General Meeting, Jun 24, 2026 Koan Hao Technology Co., Ltd., Annual General Meeting, Jun 24, 2026. Location: 4 floor no,239, ch`eng kung 3rd rd., nantou city Taiwan Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: NT$0.75 (vs NT$0.082 loss in 3Q 2024) Third quarter 2025 results: EPS: NT$0.75 (up from NT$0.082 loss in 3Q 2024). Revenue: NT$153.3m (down 7.4% from 3Q 2024). Net income: NT$59.0m (up NT$65.5m from 3Q 2024). Profit margin: 39% (up from net loss in 3Q 2024). 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 3% per year, which means it is well ahead of earnings. Declared Dividend • Aug 20
Dividend increased to NT$0.60 Dividend of NT$0.60 is 100% higher than last year. Ex-date: 2nd September 2025 Payment date: 26th September 2025 Dividend yield will be 4.1%, which is about the same as the industry average. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. New Risk • Aug 17
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 4.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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 2.0% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.15b market cap, or US$38.2m). Buy Or Sell Opportunity • Jun 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.8% to NT$15.00. The fair value is estimated to be NT$18.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.1% over the last 3 years. Earnings per share has declined by 47%. Reported Earnings • May 18
First quarter 2025 earnings released: EPS: NT$0.04 (vs NT$0.83 in 1Q 2024) First quarter 2025 results: EPS: NT$0.04 (down from NT$0.83 in 1Q 2024). Revenue: NT$162.1m (flat on 1Q 2024). Net income: NT$3.41m (down 95% from 1Q 2024). Profit margin: 2.1% (down from 40% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Apr 24
Koan Hao Technology Co., Ltd. to Report Q1, 2025 Results on May 06, 2025 Koan Hao Technology Co., Ltd. announced that they will report Q1, 2025 results on May 06, 2025 New Risk • Mar 25
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.7% 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 Risk Debt is not well covered by operating cash flow (9.7% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (NT$1.23b market cap, or US$37.2m). Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$1.58 (vs NT$0.79 in FY 2023) Full year 2024 results: EPS: NT$1.58 (up from NT$0.79 in FY 2023). Revenue: NT$640.1m (up 4.2% from FY 2023). Net income: NT$123.8m (up 101% from FY 2023). Profit margin: 19% (up from 10.0% in FY 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Mar 07
Koan Hao Technology Co., Ltd., Annual General Meeting, Jun 19, 2025 Koan Hao Technology Co., Ltd., Annual General Meeting, Jun 19, 2025. Location: 4 floor no,239, ch`eng kung 3rd rd., nantou city Taiwan New Risk • Dec 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% 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 Debt is not well covered by operating cash flow (2.8% operating cash flow to total debt). Earnings have declined by 0.6% 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. Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.26b market cap, or US$38.9m). Reported Earnings • Nov 19
Third quarter 2024 earnings released: NT$0.08 loss per share (vs NT$0.74 profit in 3Q 2023) Third quarter 2024 results: NT$0.08 loss per share (down from NT$0.74 profit in 3Q 2023). Revenue: NT$165.5m (up 2.2% from 3Q 2023). Net loss: NT$6.45m (down 111% from profit in 3Q 2023). 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 3% per year, which means it is well ahead of earnings. Announcement • Oct 30
Koan Hao Technology Co., Ltd. to Report Q3, 2024 Results on Nov 08, 2024 Koan Hao Technology Co., Ltd. announced that they will report Q3, 2024 results on Nov 08, 2024 Upcoming Dividend • Aug 29
Upcoming dividend of NT$0.30 per share Eligible shareholders must have bought the stock before 05 September 2024. Payment date: 02 October 2024. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (3.7%). Announcement • Aug 22
Koan Hao Technology Co., Ltd. Announces Dividend, Payable on October 2, 2024 Koan Hao Technology Co., Ltd. announced dividend of TWD 0.3 per share. Ex-rights (Ex-dividend) date is September 5, 2024. Ex-rights (Ex-dividend) record date is September 11, 2024. Payment date of cash dividend distribution is October 2, 2024. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: NT$0.42 (vs NT$0.35 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.42 (up from NT$0.35 in 2Q 2023). Revenue: NT$154.2m (up 2.5% from 2Q 2023). Net income: NT$33.0m (up 20% from 2Q 2023). Profit margin: 21% (up from 18% in 2Q 2023). The increase in margin was primarily driven by higher revenue. 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. Announcement • Jul 27
Koan Hao Technology Co., Ltd. to Report Q2, 2024 Results on Aug 05, 2024 Koan Hao Technology Co., Ltd. announced that they will report Q2, 2024 results on Aug 05, 2024 Reported Earnings • May 20
First quarter 2024 earnings released: EPS: NT$0.83 (vs NT$0.027 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.83 (up from NT$0.027 loss in 1Q 2023). Revenue: NT$162.1m (up 5.5% from 1Q 2023). Net income: NT$65.4m (up NT$67.5m from 1Q 2023). Profit margin: 40% (up from net loss in 1Q 2023). The move to profitability was primarily driven by lower expenses. 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 1% per year, which means it is well ahead of earnings. Announcement • Apr 28
Koan Hao Technology Co., Ltd. to Report Q1, 2024 Results on May 06, 2024 Koan Hao Technology Co., Ltd. announced that they will report Q1, 2024 results on May 06, 2024 Reported Earnings • Mar 16
Full year 2023 earnings released: EPS: NT$0.79 (vs NT$1.02 in FY 2022) Full year 2023 results: EPS: NT$0.79 (down from NT$1.02 in FY 2022). Revenue: NT$614.4m (down 9.3% from FY 2022). Net income: NT$61.7m (down 23% from FY 2022). Profit margin: 10.0% (down from 12% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Announcement • Mar 12
Koan Hao Technology Co., Ltd., Annual General Meeting, Jun 19, 2024 Koan Hao Technology Co., Ltd., Annual General Meeting, Jun 19, 2024. Location: No. 239, Chenggong 3rd Rd., Nantou City Nantou City Taiwan Agenda: To consider 2023 Business Report; to consider 2023 Audit Committee's Review Report; to consider Report on the 2023 distribution results of profit-sharing bonuses for employees and directors; to consider Ratification of the 2023 Business Report and Financial Statements; to consider Ratification of the proposal for distribution of 2023 profits; and to transact such other business matters. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$16.50, the stock trades at a trailing P/E ratio of 30.8x. Average trailing P/E is 25x in the Commercial Services industry in Taiwan. Total returns to shareholders of 4.4% over the past three years. New Risk • Dec 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 33% 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 Debt is not well covered by operating cash flow (8.3% operating cash flow to total debt). Earnings have declined by 8.6% 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. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.8% net profit margin). Market cap is less than US$100m (NT$1.12b market cap, or US$35.8m). Reported Earnings • Nov 16
Third quarter 2023 earnings released: EPS: NT$0.75 (vs NT$0.80 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.75 (down from NT$0.80 in 3Q 2022). Revenue: NT$162.0m (down 5.4% from 3Q 2022). Net income: NT$58.4m (down 6.8% from 3Q 2022). Profit margin: 36% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Oct 05
Upcoming dividend of NT$0.30 per share at 2.1% yield Eligible shareholders must have bought the stock before 12 October 2023. Payment date: 08 November 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.3%). New Risk • Aug 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 38% 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 Debt is not well covered by operating cash flow (6.8% operating cash flow to total debt). Earnings have declined by 6.2% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.4% net profit margin). Market cap is less than US$100m (NT$1.12b market cap, or US$35.1m). Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: NT$0.35 (vs NT$0.32 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.35 (up from NT$0.32 in 2Q 2022). Revenue: NT$150.5m (down 19% from 2Q 2022). Net income: NT$27.5m (up 11% from 2Q 2022). Profit margin: 18% (up from 13% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: NT$1.02 (vs NT$3.06 in FY 2021) Full year 2022 results: EPS: NT$1.02 (down from NT$3.06 in FY 2021). Revenue: NT$677.2m (down 11% from FY 2021). Net income: NT$79.7m (down 67% from FY 2021). Profit margin: 12% (down from 32% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 15
Upcoming dividend of NT$0.80 per share Eligible shareholders must have bought the stock before 22 September 2022. Payment date: 20 October 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Taiwanese dividend payers (6.6%). In line with average of industry peers (5.0%). Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: NT$0.32 (vs NT$0.13 loss in 2Q 2021) Second quarter 2022 results: EPS: NT$0.32 (up from NT$0.13 loss in 2Q 2021). Revenue: NT$186.0m (down 8.5% from 2Q 2021). Net income: NT$24.8m (up NT$34.8m from 2Q 2021). Profit margin: 13% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • May 13
First quarter 2022 earnings released: EPS: NT$0.43 (vs NT$0.27 in 1Q 2021) First quarter 2022 results: EPS: NT$0.43 (up from NT$0.27 in 1Q 2021). Revenue: NT$172.1m (down 13% from 1Q 2021). Net income: NT$34.1m (up 61% from 1Q 2021). Profit margin: 20% (up from 11% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Apr 07
Koan Hao Technology Co., Ltd., Annual General Meeting, Jun 22, 2022 Koan Hao Technology Co., Ltd., Annual General Meeting, Jun 22, 2022. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: NT$3.06 (vs NT$0.48 in FY 2020) Full year 2021 results: EPS: NT$3.06 (up from NT$0.48 in FY 2020). Revenue: NT$759.1m (flat on FY 2020). Net income: NT$240.2m (up NT$202.1m from FY 2020). Profit margin: 32% (up from 5.0% in FY 2020). 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 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 07
Third quarter 2021 earnings released: NT$0.069 loss per share (vs NT$0.19 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$172.5m (down 19% from 3Q 2020). Net loss: NT$5.39m (down 137% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 24
Upcoming dividend of NT$0.30 per share Eligible shareholders must have bought the stock before 01 October 2021. Payment date: 25 October 2021. Trailing yield: 4.8%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (4.8%). Reported Earnings • Aug 09
Second quarter 2021 earnings released: NT$0.13 loss per share (vs NT$0.027 profit in 2Q 2020) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: NT$203.2m (up 14% from 2Q 2020). Net loss: NT$9.98m (down NT$12.1m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 57% 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. Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$0.27 (vs NT$0.30 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: NT$197.4m (up 7.3% from 1Q 2020). Net income: NT$21.1m (down 12% from 1Q 2020). Profit margin: 11% (down from 13% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS NT$0.48 (vs NT$1.25 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$757.9m (down 1.5% from FY 2019). Net income: NT$38.0m (down 61% from FY 2019). Profit margin: 5.0% (down from 13% in FY 2019). The decrease in margin was primarily driven by higher expenses. 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 2% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 03
New 90-day low: NT$15.80 The company is down 5.0% from its price of NT$16.70 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 Commercial Services industry, which is flat over the same period. Is New 90 Day High Low • Feb 06
New 90-day low: NT$16.00 The company is down 7.0% from its price of NT$17.20 on 06 November 2020. The Taiwanese market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 2.0% over the same period. Is New 90 Day High Low • Jan 20
New 90-day low: NT$16.45 The company is down 4.0% from its price of NT$17.10 on 23 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 1.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$0.19 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$212.4m (up 11% from 3Q 2019). Net income: NT$14.6m (up 81% from 3Q 2019). Profit margin: 6.9% (up from 4.2% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Nov 09
New 90-day high: NT$18.10 The company is up 3.0% from its price of NT$17.50 on 11 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 3.0% over the same period. Upcoming Dividend • Nov 03
Upcoming Dividend of NT$0.70 Per Share Will be paid on the 7th of December to those who are registered shareholders by the 10th of November. The trailing yield of 3.6% is below the top quartile of Taiwanese dividend payers (5.5%), and is lower than industry peers (4.9%). Is New 90 Day High Low • Oct 07
New 90-day low: NT$17.00 The company is down 6.0% from its price of NT$18.00 on 09 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 4.0% over the same period.