Upcoming Dividend • Jul 16
Upcoming dividend of NT$0.25 per share Eligible shareholders must have bought the stock before 23 July 2026. Payment date: 28 August 2026. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (4.6%). Reported Earnings • May 11
First quarter 2026 earnings released: NT$0.22 loss per share (vs NT$0.055 loss in 1Q 2025) First quarter 2026 results: NT$0.22 loss per share (further deteriorated from NT$0.055 loss in 1Q 2025). Revenue: NT$73.8m (up 34% from 1Q 2025). Net loss: NT$42.3m (loss widened 302% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 13% per year. New Risk • Apr 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 57% 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: Minor Risks Dividend is not well covered by cash flows (104% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (NT$1.74b market cap, or US$54.3m). Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: NT$0.62 (vs NT$0.81 loss in FY 2024) Full year 2025 results: EPS: NT$0.62 (up from NT$0.81 loss in FY 2024). Revenue: NT$403.8m (down 33% from FY 2024). Net income: NT$117.2m (up NT$271.7m from FY 2024). Profit margin: 29% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Mar 05
Carnival Industrial Corporation, Annual General Meeting, May 22, 2026 Carnival Industrial Corporation, Annual General Meeting, May 22, 2026, at 10:00 Taipei Standard Time. Location: 2 floor no,16, sec.4 chung shan n. rd., shihlin district, taipei city Taiwan Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: NT$0.17 (vs NT$0.15 loss in 3Q 2024) Third quarter 2025 results: EPS: NT$0.17 (up from NT$0.15 loss in 3Q 2024). Revenue: NT$97.6m (down 11% from 3Q 2024). Net income: NT$31.7m (up NT$61.3m from 3Q 2024). Profit margin: 33% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. 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. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: NT$0.07 (vs NT$0.16 loss in 2Q 2024) Second quarter 2025 results: EPS: NT$0.07 (up from NT$0.16 loss in 2Q 2024). Revenue: NT$84.7m (down 40% from 2Q 2024). Net income: NT$12.6m (up NT$43.9m from 2Q 2024). Profit margin: 15% (up from net loss in 2Q 2024). The move to profitability was driven by lower expenses. 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. Reported Earnings • May 14
First quarter 2025 earnings released: NT$0.06 loss per share (vs NT$0.021 loss in 1Q 2024) First quarter 2025 results: NT$0.06 loss per share (further deteriorated from NT$0.021 loss in 1Q 2024). Revenue: NT$55.1m (down 77% from 1Q 2024). Net loss: NT$10.5m (loss widened 169% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Announcement • Apr 30
Carnival Industrial Corporation to Report Q1, 2025 Results on May 07, 2025 Carnival Industrial Corporation announced that they will report Q1, 2025 results on May 07, 2025 Reported Earnings • Mar 13
Full year 2024 earnings released: NT$0.81 loss per share (vs NT$0.35 loss in FY 2023) Full year 2024 results: NT$0.81 loss per share (further deteriorated from NT$0.35 loss in FY 2023). Revenue: NT$603.2m (down 60% from FY 2023). Net loss: NT$154.5m (loss widened 133% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Announcement • Mar 07
Carnival Industrial Corporation, Annual General Meeting, May 22, 2025 Carnival Industrial Corporation, Annual General Meeting, May 22, 2025, at 10:00 Taipei Standard Time. Location: 2 floor no,16, sec.4 chung shan n. rd., shihlin district, taipei city Taiwan Reported Earnings • Nov 10
Third quarter 2024 earnings released: NT$0.16 loss per share (vs NT$0.015 profit in 3Q 2023) Third quarter 2024 results: NT$0.16 loss per share (down from NT$0.015 profit in 3Q 2023). Revenue: NT$110.1m (down 64% from 3Q 2023). Net loss: NT$29.5m (down NT$32.4m from profit in 3Q 2023). 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. Announcement • Oct 30
Carnival Industrial Corporation to Report Q3, 2024 Results on Nov 06, 2024 Carnival Industrial Corporation announced that they will report Q3, 2024 results on Nov 06, 2024 Reported Earnings • Aug 14
Second quarter 2024 earnings released: NT$0.16 loss per share (vs NT$0.015 profit in 2Q 2023) Second quarter 2024 results: NT$0.16 loss per share (down from NT$0.015 profit in 2Q 2023). Revenue: NT$141.5m (down 59% from 2Q 2023). Net loss: NT$31.2m (down NT$34.0m from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 41% 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 • Aug 02
Carnival Industrial Corporation to Report Q2, 2024 Results on Aug 09, 2024 Carnival Industrial Corporation announced that they will report Q2, 2024 results on Aug 09, 2024 Upcoming Dividend • Jul 18
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 25 July 2024. Payment date: 29 August 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (3.0%). Declared Dividend • Jun 28
Dividend reduced to NT$0.20 Dividend of NT$0.20 is 46% lower than last year. Ex-date: 25th July 2024 Payment date: 29th August 2024 Dividend yield will be 1.8%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (9% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Jun 27
Carnival Industrial Corporation Announces Cash Dividend for the Year 2023, Payable on August 29, 2024 Carnival Industrial Corporation announced cash dividend of TWD 0.2 per share; total distribution of TWD 37,988,368. Ex-rights (ex-dividend) trading date is July 25, 2024. Ex-rights (ex-dividend) record date is August 1, 2024. Payment date of cash dividend distribution is August 29, 2024. Reported Earnings • May 12
First quarter 2024 earnings released: NT$0.02 loss per share (vs NT$0.041 profit in 1Q 2023) First quarter 2024 results: NT$0.02 loss per share (down from NT$0.041 profit in 1Q 2023). Revenue: NT$237.8m (down 43% from 1Q 2023). Net loss: NT$3.92m (down 151% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 32% 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 • May 02
Carnival Industrial Corporation to Report Q1, 2024 Results on May 08, 2024 Carnival Industrial Corporation announced that they will report Q1, 2024 results on May 08, 2024 Reported Earnings • Mar 16
Full year 2023 earnings released: NT$0.35 loss per share (vs NT$0.26 loss in FY 2022) Full year 2023 results: NT$0.35 loss per share (further deteriorated from NT$0.26 loss in FY 2022). Revenue: NT$1.50b (down 1.0% from FY 2022). Net loss: NT$66.2m (loss widened 37% from FY 2022). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Nov 09
Carnival Industrial Corporation Announces Acting General Manager Changes Carnival Industrial Corporation announced Name, title, and resume of the previous position holder: spokesperson: Chiang Yu /acting general manager acting spokesperson and accounting officer: Yeh Mei-Ling /vice president 4.Name, title, and resume of the new position holder: spokesperson: Yeh Mei-Ling /acting general manager acting spokesperson and accounting officer: Hsieh Ming-Yi /manager. effective from November 8, 2023. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: NT$0.01 (vs NT$0.014 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.01. Revenue: NT$348.4m (up 13% from 2Q 2022). Net income: NT$2.82m (up 4.4% from 2Q 2022). Profit margin: 0.8% (down from 0.9% in 2Q 2022). Upcoming Dividend • Jul 20
Upcoming dividend of NT$0.37 per share at 2.8% yield Eligible shareholders must have bought the stock before 27 July 2023. Payment date: 31 August 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.4%). Announcement • Jul 07
Carnival Industrial Corporation Announces Cash Dividend, Payable on August 31, 2023 Carnival Industrial Corporation announced cash dividend of TWD 0.37 per share; total distribution of TWD 70,278,481. Ex-rights (ex-dividend) trading date is July 27, 2023. Ex-rights (ex-dividend) record date is August 3, 2023. Payment date of cash dividend distribution is August 31, 2023. Reported Earnings • May 11
First quarter 2023 earnings released: EPS: NT$0.05 (vs NT$0.049 in 1Q 2022) First quarter 2023 results: EPS: NT$0.05 (up from NT$0.049 in 1Q 2022). Revenue: NT$434.6m (up 7.7% from 1Q 2022). Net income: NT$9.53m (up 3.3% from 1Q 2022). Profit margin: 2.2% (down from 2.3% in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Announcement • May 06
Carnival Industrial Corporation Announces the Appointment of Yeh Mei-Ling as Corporate Governance Officer Carnival Industrial Corporation announced the appointment of Yeh Mei-Ling as corporate governance officer, effective May 5, 2023. Yeh Mei-Ling is Vice President and Accounting Officer. Reason for the change: New. Reported Earnings • Mar 24
Full year 2022 earnings released: NT$0.26 loss per share (vs NT$0.47 profit in FY 2021) Full year 2022 results: NT$0.26 loss per share (down from NT$0.47 profit in FY 2021). Revenue: NT$1.51b (up 14% from FY 2021). Net loss: NT$48.5m (down 155% from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.26 (vs NT$0.13 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.26 (up from NT$0.13 in 3Q 2021). Revenue: NT$391.7m (up 56% from 3Q 2021). Net income: NT$50.6m (up 106% from 3Q 2021). Profit margin: 13% (up from 9.7% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 48% 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 13
Third quarter 2022 earnings released: EPS: NT$0.26 (vs NT$0.13 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.26 (up from NT$0.13 in 3Q 2021). Revenue: NT$391.7m (up 56% from 3Q 2021). Net income: NT$50.6m (up 106% from 3Q 2021). Profit margin: 13% (up from 9.7% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 48% 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. Upcoming Dividend • Jul 14
Upcoming dividend of NT$0.35 per share Eligible shareholders must have bought the stock before 21 July 2022. Payment date: 18 August 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.4%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (4.0%). Reported Earnings • May 11
First quarter 2022 earnings released: EPS: NT$0.046 (vs NT$0.50 in 1Q 2021) First quarter 2022 results: EPS: NT$0.046 (down from NT$0.50 in 1Q 2021). Revenue: NT$403.4m (up 27% from 1Q 2021). Net income: NT$9.23m (down 90% from 1Q 2021). Profit margin: 2.3% (down from 30% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS NT$0.13 (vs NT$0.81 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: NT$251.8m (down 4.0% from 3Q 2020). Net income: NT$24.5m (up NT$178.1m from 3Q 2020). Profit margin: 9.7% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 29
Upcoming dividend of NT$0.30 per share Eligible shareholders must have bought the stock before 05 August 2021. Payment date: 08 September 2021. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.5%). Announcement • Jul 03
An unknown buyer agreed to acquire Armani Distribution Business and Related Assets from Carnival Industrial Corporation (TWSE:1417). An unknown buyer agreed to acquire Armani Distribution Business and Related Assets from Carnival Industrial Corporation (TWSE:1417) on July 2, 2021. As of July 2, 2021, the board of Carnival Industrial Corporation resolved the transaction. Upcoming Dividend • Jul 02
Upcoming dividend of NT$0.30 per share Eligible shareholders must have bought the stock before 08 July 2021. Payment date: 12 August 2021. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.3%). Executive Departure • May 18
CFO & VP of Finance has left the company On the 7th of May, Jun Hong Chen's tenure in the role of CFO & VP of Finance ended. We don't have any record of a personal shareholding under Jun Hong's name. Jun Hong is the only executive to leave the company over the last 12 months. Reported Earnings • May 09
First quarter 2021 earnings released: EPS NT$0.51 (vs NT$0.32 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$318.7m (up 13% from 1Q 2020). Net income: NT$95.5m (up NT$157.1m from 1Q 2020). Profit margin: 30% (up from net loss in 1Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 24
Full year 2020 earnings released: NT$1.40 loss per share (vs NT$1.68 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: NT$1.04b (down 26% from FY 2019). Net loss: NT$266.4m (down 184% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 15
New 90-day high: NT$11.95 The company is up 12% from a price of NT$10.70 on 15 December 2020. Underperformed the Taiwanese market, which is up 14% over the last 90 days. Exceeded the Luxury industry, which is up 6.0% over the same period. Is New 90 Day High Low • Feb 01
New 90-day low: NT$10.45 The company is down 2.0% from its price of NT$10.65 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 Luxury industry, which is flat over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: NT$11.70 The company is up 5.0% from its price of NT$11.15 on 06 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 9.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: NT$0.80 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: NT$262.3m (down 17% from 3Q 2019). Net loss: NT$153.6m (loss widened NT$136.9m from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.