Reported Earnings • 8h
Second quarter 2026 earnings released: EPS: NT$1.54 (vs NT$0.55 in 2Q 2025) Second quarter 2026 results: EPS: NT$1.54 (up from NT$0.55 in 2Q 2025). Revenue: NT$366.7m (up 31% from 2Q 2025). Net income: NT$139.8m (up 178% from 2Q 2025). Profit margin: 38% (up from 18% in 2Q 2025). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 10
Upcoming dividend of NT$3.03 per share Eligible shareholders must have bought the stock before 17 June 2026. Payment date: 15 July 2026. Payout ratio is on the higher end at 98%, and the cash payout ratio is above 100%. Trailing yield: 3.8%. Lower than top quartile of Taiwanese dividend payers (4.9%). In line with average of industry peers (3.6%). Reported Earnings • May 19
First quarter 2026 earnings released: EPS: NT$0.84 (vs NT$0.80 in 1Q 2025) First quarter 2026 results: EPS: NT$0.84 (up from NT$0.80 in 1Q 2025). Revenue: NT$304.8m (up 4.2% from 1Q 2025). Net income: NT$76.6m (up 4.0% from 1Q 2025). Profit margin: 25% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$88.20, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 17x in the Commercial Services industry in Taiwan. Total loss to shareholders of 32% over the past three years. New Risk • Mar 14
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 42% 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 137% Dividend per share is over 8x cash flows per share. Minor Risk High level of debt (42% net debt to equity). Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: NT$3.03 (vs NT$4.80 in FY 2024) Full year 2025 results: EPS: NT$3.03 (down from NT$4.80 in FY 2024). Revenue: NT$1.16b (down 33% from FY 2024). Net income: NT$277.9m (down 32% from FY 2024). Profit margin: 24% (in line with FY 2024). Announcement • Mar 09
CHUNGTAI RESOURCE Technology CORP., Annual General Meeting, May 25, 2026 CHUNGTAI RESOURCE Technology CORP., Annual General Meeting, May 25, 2026. Location: 2 floor no,288, ta t`an s. rd., ta t`an li, guanyin district, taoyuan city Taiwan New Risk • Nov 13
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 46% 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 Share price has been highly volatile over the past 3 months (9.0% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 137% Paying a dividend despite having no free cash flows. Minor Risk High level of debt (46% net debt to equity). Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: NT$0.73 (vs NT$1.43 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.73 (down from NT$1.43 in 3Q 2024). Revenue: NT$287.5m (down 28% from 3Q 2024). Net income: NT$66.6m (down 44% from 3Q 2024). Profit margin: 23% (down from 30% in 3Q 2024). The decrease in margin was driven by lower revenue. Buy Or Sell Opportunity • Nov 06
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to NT$104. The fair value is estimated to be NT$79.34, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 29%. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$114, the stock trades at a trailing P/E ratio of 32.4x. Average trailing P/E is 19x in the Commercial Services industry in Taiwan. Total returns to shareholders of 17% over the past year. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: NT$0.55 (vs NT$1.69 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.55 (down from NT$1.69 in 2Q 2024). Revenue: NT$280.0m (down 50% from 2Q 2024). Net income: NT$50.4m (down 64% from 2Q 2024). Profit margin: 18% (down from 25% in 2Q 2024). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$104, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 18x in the Commercial Services industry in Taiwan. Total returns to shareholders of 6.7% over the past year. Declared Dividend • Jul 06
Dividend increased to NT$4.02 Dividend of NT$4.02 is 39% higher than last year. Ex-date: 21st July 2025 Payment date: 19th August 2025 Dividend yield will be 4.6%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (85% earnings payout ratio) but not covered by cash flows (197% cash payout ratio). The dividend has increased by an average of 41% per year over the past 2 years and payments have been stable during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 13
First quarter 2025 earnings released: EPS: NT$0.80 (vs NT$0.88 in 1Q 2024) First quarter 2025 results: EPS: NT$0.80. Revenue: NT$292.5m (down 34% from 1Q 2024). Net income: NT$73.7m (up 1.8% from 1Q 2024). Profit margin: 25% (up from 16% in 1Q 2024). The increase in margin was driven by lower expenses. Announcement • May 01
CHUNGTAI RESOURCE Technology CORP. to Report Q1, 2025 Results on May 08, 2025 CHUNGTAI RESOURCE Technology CORP. announced that they will report Q1, 2025 results on May 08, 2025 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$62.80, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 17x in the Commercial Services industry in Taiwan. Total loss to shareholders of 40% over the past year. Reported Earnings • Mar 13
Full year 2024 earnings released: EPS: NT$4.80 (vs NT$3.08 in FY 2023) Full year 2024 results: EPS: NT$4.80 (up from NT$3.08 in FY 2023). Revenue: NT$1.72b (up 35% from FY 2023). Net income: NT$409.0m (up 61% from FY 2023). Profit margin: 24% (up from 20% in FY 2023). The increase in margin was driven by higher revenue. Announcement • Mar 12
CHUNGTAI RESOURCE Technology CORP., Annual General Meeting, Jun 26, 2025 CHUNGTAI RESOURCE Technology CORP., Annual General Meeting, Jun 26, 2025. Location: 2 floor no,288, ta t`an s. rd., ta t`an li, guanyin district, taoyuan city Taiwan Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$1.43 (vs NT$0.63 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.43 (up from NT$0.63 in 3Q 2023). Revenue: NT$401.7m (up 14% from 3Q 2023). Net income: NT$119.6m (up 128% from 3Q 2023). Profit margin: 30% (up from 15% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Announcement • Nov 06
CHUNGTAI RESOURCE Technology CORP. to Report Q3, 2024 Results on Nov 13, 2024 CHUNGTAI RESOURCE Technology CORP. announced that they will report Q3, 2024 results on Nov 13, 2024 New Risk • Oct 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% 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 Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (114% cash payout ratio). Shareholders have been diluted in the past year (11% increase in shares outstanding). Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: NT$1.68 (vs NT$0.81 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.68 (up from NT$0.81 in 2Q 2023). Revenue: NT$559.1m (up 100% from 2Q 2023). Net income: NT$139.2m (up 108% from 2Q 2023). Profit margin: 25% (in line with 2Q 2023). Upcoming Dividend • Jul 10
Upcoming dividend of NT$2.90 per share Eligible shareholders must have bought the stock before 17 July 2024. Payment date: 15 August 2024. Payout ratio is on the higher end at 98%, however this is supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (3.7%). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.88 (vs NT$0.91 in 1Q 2023) First quarter 2024 results: EPS: NT$0.88 (down from NT$0.91 in 1Q 2023). Revenue: NT$440.2m (up 55% from 1Q 2023). Net income: NT$72.4m (down 3.5% from 1Q 2023). Profit margin: 16% (down from 27% in 1Q 2023). The decrease in margin was driven by higher expenses. Announcement • Mar 28
CHUNGTAI RESOURCE Technology CORP., Annual General Meeting, Jun 20, 2024 CHUNGTAI RESOURCE Technology CORP., Annual General Meeting, Jun 20, 2024. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: NT$3.08 (vs NT$2.22 in FY 2022) Full year 2023 results: EPS: NT$3.08 (up from NT$2.22 in FY 2022). Revenue: NT$1.27b (up 52% from FY 2022). Net income: NT$254.6m (up 41% from FY 2022). Profit margin: 20% (down from 22% in FY 2022). The decrease in margin was driven by higher expenses. 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: Minor Risks High level of debt (83% net debt to equity). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). New Risk • Nov 17
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 5.4% 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 High level of debt (83% net debt to equity). Share price has been volatile over the past 3 months (5.4% average weekly change). Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$109, the stock trades at a trailing P/E ratio of 35.9x. Average trailing P/E is 23x in the Commercial Services industry in Taiwan. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to NT$141, the stock trades at a trailing P/E ratio of 64.6x. Average trailing P/E is 19x in the Commercial Services industry in Taiwan. Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: NT$2.22 (vs NT$1.51 in FY 2021) Full year 2022 results: EPS: NT$2.22 (up from NT$1.51 in FY 2021). Revenue: NT$838.3m (up 61% from FY 2021). Net income: NT$180.4m (up 51% from FY 2021). Profit margin: 22% (down from 23% in FY 2021). The decrease in margin was driven by higher expenses. 
