Reported Earnings • May 19
First quarter 2026 earnings released: NT$0.52 loss per share (vs NT$0.28 profit in 1Q 2025) First quarter 2026 results: NT$0.52 loss per share (down from NT$0.28 profit in 1Q 2025). Revenue: NT$211.5m (down 29% from 1Q 2025). Net loss: NT$18.2m (down 287% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Mar 13
Techcential International Ltd, Annual General Meeting, Jun 11, 2026 Techcential International Ltd, Annual General Meeting, Jun 11, 2026. Location: 15 floor no,99, fu hsing n. rd., songshan district, taipei city Taiwan Board Change • Mar 02
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 Chih Yuan Chou was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 07
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 Chih Yuan Chou was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Third quarter 2025 earnings released: NT$0.03 loss per share (vs NT$0.52 loss in 3Q 2024) Third quarter 2025 results: NT$0.03 loss per share (improved from NT$0.52 loss in 3Q 2024). Revenue: NT$250.0m (down 5.2% from 3Q 2024). Net loss: NT$1.21m (loss narrowed 93% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 24
Second quarter 2025 earnings released: NT$0.49 loss per share (vs NT$1.22 loss in 2Q 2024) Second quarter 2025 results: NT$0.49 loss per share (improved from NT$1.22 loss in 2Q 2024). Revenue: NT$209.3m (down 29% from 2Q 2024). Net loss: NT$17.2m (loss narrowed 60% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Aug 20
Now 20% overvalued Over the last 90 days, the stock has fallen 3.3% to NT$10.10. The fair value is estimated to be NT$8.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Meanwhile, the company became loss making. Announcement • Jun 13
Techcential International Ltd Announces Directorate Changes, Effective June 29, 2025 Techcential International Ltd. at its shareholders meeting held on June 12, 2025, announced cessation of Surging Success Sdn. Bhd. (Representative: Eng Kai Jie) (Malaysia) and appointment of Surging Success Sdn. Bhd. (Representative: Poa Keng Ling)
(Malaysia), effective June 29, 2025. resume of Poa Keng Ling: Surging Success Sdn. Bhd. (Representative: Poa Keng Ling) - COO of Techcential Sdn. Bhd. Reported Earnings • May 18
First quarter 2025 earnings released: EPS: NT$0.28 (vs NT$0.26 in 1Q 2024) First quarter 2025 results: EPS: NT$0.28 (up from NT$0.26 in 1Q 2024). Revenue: NT$298.9m (down 3.6% from 1Q 2024). Net income: NT$9.77m (up 7.8% from 1Q 2024). Profit margin: 3.3% (up from 2.9% in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Announcement • May 01
Techcential International Ltd to Report Q1, 2025 Results on May 12, 2025 Techcential International Ltd announced that they will report Q1, 2025 results on May 12, 2025 Reported Earnings • Mar 20
Full year 2024 earnings released: NT$1.39 loss per share (vs NT$0.78 loss in FY 2023) Full year 2024 results: NT$1.39 loss per share (further deteriorated from NT$0.78 loss in FY 2023). Revenue: NT$1.16b (up 15% from FY 2023). Net loss: NT$48.4m (loss widened 104% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Announcement • Mar 17
Techcential International Ltd, Annual General Meeting, Jun 12, 2025 Techcential International Ltd, Annual General Meeting, Jun 12, 2025. Location: 15 floor no,99, fu hsing n. rd., songshan district, taipei city Taiwan Reported Earnings • Nov 18
Third quarter 2024 earnings released: NT$0.52 loss per share (vs NT$0.092 loss in 3Q 2023) Third quarter 2024 results: NT$0.52 loss per share (further deteriorated from NT$0.092 loss in 3Q 2023). Revenue: NT$263.7m (flat on 3Q 2023). Net loss: NT$18.3m (loss widened NT$15.6m from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 30
Second quarter 2024 earnings released: NT$1.22 loss per share (vs NT$0.39 profit in 2Q 2023) Second quarter 2024 results: NT$1.22 loss per share (down from NT$0.39 profit in 2Q 2023). Revenue: NT$296.3m (up 19% from 2Q 2023). Net loss: NT$42.8m (down 470% from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Announcement • Aug 16
Techcential International Ltd to Report Q2, 2024 Results on Aug 23, 2024 Techcential International Ltd announced that they will report Q2, 2024 results on Aug 23, 2024 Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.26 (vs NT$0.71 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.26 (up from NT$0.71 loss in 1Q 2023). Revenue: NT$310.1m (up 49% from 1Q 2023). Net income: NT$9.07m (up NT$30.4m from 1Q 2023). Profit margin: 2.9% (up from net loss in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Announcement • May 01
Techcential International Ltd to Report Q1, 2024 Results on May 13, 2024 Techcential International Ltd announced that they will report Q1, 2024 results on May 13, 2024 Reported Earnings • Mar 20
Full year 2023 earnings released: NT$0.78 loss per share (vs NT$1.04 profit in FY 2022) Full year 2023 results: NT$0.78 loss per share (down from NT$1.04 profit in FY 2022). Revenue: NT$1.01b (down 13% from FY 2022). Net loss: NT$23.8m (down 176% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Announcement • Mar 16
Techcential International Ltd, Annual General Meeting, Jun 13, 2024 Techcential International Ltd, Annual General Meeting, Jun 13, 2024. Location: Primasia Conference & Business Conference Center V AA Conference Room, 15F, No 99, Fuxing North Road, Taipei Songshan District Songshan District Taiwan Agenda: To consider 2023 Annual Report; to consider 2023 Consolidated Financial Statements reviewed by the Audit Committee; to consider 2023 Employee and Director remuneration report; to consider 2023 Annual Report and Consolidated Financial Statements; to consider 2023 Appropriation of profit or loss; to amend the Company M&A; to amend Procedures for Election of Director; and to consider other matters. Announcement • Nov 09
Techcential International Ltd announced that it has received TWD 49.992 million in funding On November 8, 2023, Techcential International Ltd closed the transaction. The company will now issue 4,166,000 common shares at an issue price of TWD 12 per share for gross proceeds of TWD 49,992,000. New Risk • Sep 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 14% 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 Earnings have declined by 28% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (NT$486.1m market cap, or US$15.2m). Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: NT$0.38 (vs NT$0.12 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.38 (up from NT$0.12 in 2Q 2022). Revenue: NT$248.4m (down 16% from 2Q 2022). Net income: NT$11.6m (up 230% from 2Q 2022). Profit margin: 4.7% (up from 1.2% in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jul 13
Upcoming dividend of NT$0.10 per share at 0.7% yield Eligible shareholders must have bought the stock before 20 July 2023. Payment date: 11 August 2023. Trailing yield: 0.7%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.0%). Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: NT$0.28 (vs NT$0.35 loss in 3Q 2021) Third quarter 2022 results: EPS: NT$0.28 (up from NT$0.35 loss in 3Q 2021). Revenue: NT$267.2m (up 152% from 3Q 2021). Net income: NT$8.10m (up NT$16.3m from 3Q 2021). Profit margin: 3.0% (up from net loss in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
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 Chih Chou was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 03
Second quarter 2022 earnings released: EPS: NT$0.12 (vs NT$0.55 loss in 2Q 2021) Second quarter 2022 results: EPS: NT$0.12 (up from NT$0.55 loss in 2Q 2021). Revenue: NT$294.5m (up 33% from 2Q 2021). Net income: NT$3.51m (up NT$16.5m from 2Q 2021). Profit margin: 1.2% (up from net loss in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Buying Opportunity • Jun 06
Now 26% undervalued Over the last 90 days, the stock is up 44%. The fair value is estimated to be NT$35.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.6% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 22
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: NT$0.96 (up from NT$0.076 in 1Q 2021). Revenue: NT$365.5m (up 34% from 1Q 2021). Net income: NT$27.5m (up NT$25.7m from 1Q 2021). Profit margin: 7.5% (up from 0.7% in 1Q 2021). Revenue missed analyst estimates by 77%. Earnings per share (EPS) also missed analyst estimates by 125%. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Lek Oun was the last independent director to join the board, commencing their role in 2019. 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 30
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: NT$1.08 loss per share (down from NT$2.60 profit in FY 2020). Revenue: NT$894.2m (down 29% from FY 2020). Net loss: NT$25.8m (down 142% from profit in FY 2020). Revenue missed analyst estimates by 77%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 15
Third quarter 2021 earnings released: NT$0.35 loss per share (vs NT$1.09 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$106.0m (down 72% from 3Q 2020). Net loss: NT$8.25m (down 132% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Reported Earnings • Sep 02
Second quarter 2021 earnings released: NT$0.55 loss per share (vs NT$0.086 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$222.0m (up 21% from 2Q 2020). Net loss: NT$13.0m (down NT$15.1m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 02
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 09 September 2021. Payment date: 08 October 2021. Trailing yield: 8.4%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (3.9%). Reported Earnings • May 16
First quarter 2021 earnings released: EPS NT$0.08 (vs NT$0.35 in 1Q 2020) The company reported a poor first quarter result with weaker earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: NT$272.7m (flat on 1Q 2020). Net income: NT$1.81m (down 78% from 1Q 2020). Profit margin: 0.7% (down from 3.0% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS NT$2.60 (vs NT$3.90 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$1.26b (down 9.1% from FY 2019). Net income: NT$61.4m (down 33% from FY 2019). Profit margin: 4.9% (down from 6.6% 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 43% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Mar 25
Techcential International Ltd announced that it expects to receive TWD 140 million in funding Techcential International Ltd (GTSM:6616) announced a private placement of second unsecured convertible bonds in the Republic of China for gross proceeds of TWD 140,000,000 on March 23, 2021. The bonds have a face value of TWD 100,000 per bond and shall bear interest at a rate of 0.5% per annum. The issuance price will be 100% to 102% of par value and all the related measures will be conducted in accordance with the relevant regulations and the details will be announced after getting approval from the securities competent authority. The transaction has been approved by the board of the company. Is New 90 Day High Low • Feb 18
New 90-day low: NT$27.50 The company is down 6.0% from its price of NT$29.25 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 7.0% over the same period. Is New 90 Day High Low • Jan 27
New 90-day low: NT$27.80 The company is down 1.0% from its price of NT$28.00 on 29 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 9.0% over the same period. Major Estimate Revision • Jan 22
Analysts increase EPS estimates to NT$2.75 The 2020 consensus revenue estimate increased from NT$1.24b to NT$1.26b. The earnings per share estimate also received an upgrade from NT$2.44 to NT$2.75 for the same period. Net income is expected to grow by 79% next year compared to 29% growth forecast for the Consumer Durables industry in Taiwan. The consensus price target of NT$37.00 was unchanged from the last update. Share price stayed mostly flat at NT$28.25 over the past week. Is New 90 Day High Low • Dec 10
New 90-day high: NT$30.60 The company is up 9.0% from its price of NT$28.20 on 11 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Durables industry, which is up 7.0% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS NT$1.09 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$377.4m (up 6.6% from 3Q 2019). Net income: NT$25.7m (down 21% from 3Q 2019). Profit margin: 6.8% (down from 9.2% in 3Q 2019). The decrease in margin was driven by higher expenses. Analyst Estimate Surprise Post Earnings • Nov 14
Revenue beats expectations Revenue exceeded analyst estimates by 0.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 26%, compared to a 7.5% growth forecast for the Consumer Durables industry in Taiwan.