Reported Earnings • May 14
First quarter 2026 earnings released: EPS: NT$0.055 (vs NT$0.12 in 1Q 2025) First quarter 2026 results: EPS: NT$0.055 (down from NT$0.12 in 1Q 2025). Revenue: NT$341.7m (down 45% from 1Q 2025). Net income: NT$4.95m (down 56% from 1Q 2025). Profit margin: 1.4% (down from 1.8% in 1Q 2025). The decrease in margin was driven by lower revenue. 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. Announcement • Mar 13
Yeou Yih Steel Co., Ltd., Annual General Meeting, Jun 18, 2026 Yeou Yih Steel Co., Ltd., Annual General Meeting, Jun 18, 2026. Location: no,17, pen kung rd., gangshan district, kaohsiung city Taiwan Reported Earnings • Mar 13
Full year 2025 earnings released: NT$0.15 loss per share (vs NT$0.68 profit in FY 2024) Full year 2025 results: NT$0.15 loss per share (down from NT$0.68 profit in FY 2024). Revenue: NT$1.93b (down 21% from FY 2024). Net loss: NT$13.5m (down 122% from profit in FY 2024). 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. Reported Earnings • Nov 11
Third quarter 2025 earnings released: NT$0.08 loss per share (vs NT$0.18 profit in 3Q 2024) Third quarter 2025 results: NT$0.08 loss per share (down from NT$0.18 profit in 3Q 2024). Revenue: NT$346.5m (down 40% from 3Q 2024). Net loss: NT$6.73m (down 141% from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 15
Second quarter 2025 earnings released: NT$0.28 loss per share (vs NT$0.31 profit in 2Q 2024) Second quarter 2025 results: NT$0.28 loss per share (down from NT$0.31 profit in 2Q 2024). Revenue: NT$526.3m (down 28% from 2Q 2024). Net loss: NT$25.0m (down 190% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 56% 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 • May 21
First quarter 2025 earnings released: EPS: NT$0.12 (vs NT$0.074 in 1Q 2024) First quarter 2025 results: EPS: NT$0.12 (up from NT$0.074 in 1Q 2024). Revenue: NT$625.3m (up 9.5% from 1Q 2024). Net income: NT$11.2m (up 69% from 1Q 2024). Profit margin: 1.8% (up from 1.2% in 1Q 2024). The increase in margin was driven by higher revenue. 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 8% per year, which means it has not declined as severely as earnings. Announcement • May 01
Yeou Yih Steel Co., Ltd. to Report Q1, 2025 Results on May 07, 2025 Yeou Yih Steel Co., Ltd. announced that they will report Q1, 2025 results on May 07, 2025 Upcoming Dividend • Apr 10
Upcoming dividend of NT$0.50 per share Eligible shareholders must have bought the stock before 17 April 2025. Payment date: 12 May 2025. Payout ratio is a comfortable 74% but the company is not cash flow positive. Trailing yield: 4.0%. Lower than top quartile of Taiwanese dividend payers (6.1%). Higher than average of industry peers (3.4%). Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$12.70, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 19x in the Metals and Mining industry in Taiwan. Total loss to shareholders of 29% over the past three years. Declared Dividend • Mar 20
Dividend reduced to NT$0.50 Dividend of NT$0.50 is 55% lower than last year. Ex-date: 17th April 2025 Payment date: 12th May 2025 Dividend yield will be 3.2%, which is lower than the industry average of 3.9%. Sustainability & Growth Dividend is not covered by earnings (158% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 75% to bring the payout ratio under control, which is more than the 40% EPS growth achieved over the last 5 years. Reported Earnings • Mar 18
Full year 2024 earnings released: EPS: NT$0.68 (vs NT$1.26 in FY 2023) Full year 2024 results: EPS: NT$0.68 (down from NT$1.26 in FY 2023). Revenue: NT$2.44b (down 30% from FY 2023). Net income: NT$61.1m (down 46% from FY 2023). Profit margin: 2.5% (down from 3.3% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 33% 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 18
Third quarter 2024 earnings released: EPS: NT$0.18 (vs NT$0.32 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.18 (down from NT$0.32 in 3Q 2023). Revenue: NT$579.0m (down 32% from 3Q 2023). Net income: NT$16.4m (down 43% from 3Q 2023). Profit margin: 2.8% (down from 3.4% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% 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. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.31 (vs NT$0.33 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.31 (down from NT$0.33 in 2Q 2023). Revenue: NT$726.7m (down 8.9% from 2Q 2023). Net income: NT$27.6m (down 6.8% from 2Q 2023). Profit margin: 3.8% (up from 3.7% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year and the company’s share price has also fallen by 3% per year. Announcement • Aug 02
Yeou Yih Steel Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024 Yeou Yih Steel Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024 New Risk • Jun 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.4% net profit margin). Market cap is less than US$100m (NT$1.51b market cap, or US$46.6m). Reported Earnings • May 12
First quarter 2024 earnings released: EPS: NT$0.07 (vs NT$0.48 in 1Q 2023) First quarter 2024 results: EPS: NT$0.07 (down from NT$0.48 in 1Q 2023). Revenue: NT$570.9m (down 37% from 1Q 2023). Net income: NT$6.63m (down 85% from 1Q 2023). Profit margin: 1.2% (down from 4.7% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year and the company’s share price has also increased by 17% per year. Announcement • Apr 13
Yeou Yih Steel Co., Ltd. Announces Cash Dividend, Payable on May 10, 2024 Yeou Yih Steel Co., Ltd. announced cash dividend of TWD 99,242,286, TWD 1.10 per share. Ex-rights (Ex-dividend) date is April 18, 2024. Ex-rights (Ex-dividend) record date is April 25, 2024. Payment date of cash dividend distribution is May 10, 2024. Date of the resolution by the board of directors or shareholders’ meeting, or of the decision by the company is March 20, 2024. Upcoming Dividend • Apr 11
Upcoming dividend of NT$1.10 per share Eligible shareholders must have bought the stock before 18 April 2024. Payment date: 10 May 2024. Payout ratio is on the higher end at 87% but the company is not cash flow positive. Trailing yield: 5.9%. Within top quartile of Taiwanese dividend payers (4.5%). Higher than average of industry peers (2.7%). Declared Dividend • Mar 22
Dividend reduced to NT$1.10 Dividend of NT$1.10 is 39% lower than last year. Ex-date: 18th April 2024 Payment date: 10th May 2024 Dividend yield will be 6.2%, which is higher than the industry average of 3.9%. Sustainability & Growth Dividend is covered by earnings (87% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has grown by 3.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: NT$1.26 (vs NT$2.36 in FY 2022) Full year 2023 results: EPS: NT$1.26 (down from NT$2.36 in FY 2022). Revenue: NT$3.50b (flat on FY 2022). Net income: NT$113.8m (down 47% from FY 2022). Profit margin: 3.3% (down from 6.0% in FY 2022). 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 21% per year, which means it is significantly lagging earnings growth. New Risk • Dec 06
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 106% Dividend per share is over 20x cash flows per share. Dividend yield: 10% 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Dividend per share is over 20x cash flows per share. Minor Risks Profit margins are more than 30% lower than last year (4.3% net profit margin). Market cap is less than US$100m (NT$1.61b market cap, or US$50.9m). Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: NT$0.31 (vs NT$0.68 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.31 (down from NT$0.68 in 3Q 2022). Revenue: NT$846.9m (up 1.9% from 3Q 2022). Net income: NT$28.7m (down 53% from 3Q 2022). Profit margin: 3.4% (down from 7.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: NT$0.33 (vs NT$0.70 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.33 (down from NT$0.70 in 2Q 2022). Revenue: NT$797.6m (down 7.7% from 2Q 2022). Net income: NT$29.6m (down 53% from 2Q 2022). Profit margin: 3.7% (down from 7.3% in 2Q 2022). The decrease in margin was driven by lower revenue. 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 24% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 06
Upcoming dividend of NT$1.80 per share at 8.3% yield Eligible shareholders must have bought the stock before 13 April 2023. Payment date: 08 May 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 8.3%. Within top quartile of Taiwanese dividend payers (5.9%). Higher than average of industry peers (3.7%). Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: NT$2.36 (vs NT$1.55 in FY 2021) Full year 2022 results: EPS: NT$2.36 (up from NT$1.55 in FY 2021). Revenue: NT$3.53b (up 36% from FY 2021). Net income: NT$213.1m (up 52% from FY 2021). Profit margin: 6.0% (up from 5.4% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.68 (vs NT$0.44 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.68 (up from NT$0.44 in 3Q 2021). Revenue: NT$830.7m (up 30% from 3Q 2021). Net income: NT$60.9m (up 52% from 3Q 2021). Profit margin: 7.3% (up from 6.3% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 9 highly experienced directors. 1 independent director (5 non-independent directors). Independent Director Zhan He was the last independent director to join the board, commencing their role in 2012. 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 • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.68 (vs NT$0.44 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.68 (up from NT$0.44 in 3Q 2021). Revenue: NT$830.7m (up 30% from 3Q 2021). Net income: NT$60.9m (up 52% from 3Q 2021). Profit margin: 7.3% (up from 6.3% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$12.90, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 8x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 41% over the past three years. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$0.70 (vs NT$0.41 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.70 (up from NT$0.41 in 2Q 2021). Revenue: NT$864.5m (up 26% from 2Q 2021). Net income: NT$63.2m (up 69% from 2Q 2021). Profit margin: 7.3% (up from 5.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 17% share price gain to NT$14.95, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 8x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 57% over the past three years. Upcoming Dividend • Jun 17
Upcoming dividend of NT$1.10 per share Eligible shareholders must have bought the stock before 24 June 2022. Payment date: 19 July 2022. Trailing yield: 7.0%. Within top quartile of Taiwanese dividend payers (6.1%). Lower than average of industry peers (7.8%). Reported Earnings • May 10
First quarter 2022 earnings released: EPS: NT$0.41 (vs NT$0.073 in 1Q 2021) First quarter 2022 results: EPS: NT$0.41 (up from NT$0.073 in 1Q 2021). Revenue: NT$833.9m (up 103% from 1Q 2021). Net income: NT$37.0m (up 460% from 1Q 2021). Profit margin: 4.4% (up from 1.6% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 9 highly experienced directors. 1 independent director (5 non-independent directors). Independent Director Zhan He was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 15% share price gain to NT$20.55, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 13x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 89% over the past three years. Reported Earnings • Mar 19
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$1.55 (up from NT$0.013 in FY 2020). Revenue: NT$2.59b (up 28% from FY 2020). Net income: NT$140.2m (up NT$139.0m from FY 2020). Profit margin: 5.4% (up from 0.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improved over the past week After last week's 15% share price gain to NT$19.50, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 13x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 88% over the past three years. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.44 (vs NT$0.041 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$640.7m (up 47% from 3Q 2020). Net income: NT$40.1m (up NT$36.4m from 3Q 2020). Profit margin: 6.3% (up from 0.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to NT$16.55, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 15x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 61% over the past three years. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 25% share price gain to NT$21.55, the stock trades at a trailing P/E ratio of 32.4x. Average trailing P/E is 17x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 103% over the past three years. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$0.42 (vs NT$0.01 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$686.0m (up 12% from 2Q 2020). Net income: NT$37.4m (up NT$38.3m from 2Q 2020). Profit margin: 5.5% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment deteriorated over the past week After last week's 19% share price decline to NT$18.45, the stock trades at a trailing P/E ratio of 77.9x. Average trailing P/E is 20x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 74% over the past three years. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improved over the past week After last week's 17% share price gain to NT$17.95, the stock trades at a trailing P/E ratio of 75.8x. Average trailing P/E is 34x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 71% over the past three years. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 22% share price gain to NT$13.30, the stock trades at a trailing P/E ratio of 56.2x. Average trailing P/E is 27x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • May 16
Investor sentiment deteriorated over the past week After last week's 18% share price decline to NT$10.55, the stock trades at a trailing P/E ratio of 45.1x. Average trailing P/E is 20x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 11% over the past three years. Reported Earnings • May 09
First quarter 2021 earnings released: EPS NT$0.07 (vs NT$0.15 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: NT$410.0m (down 26% from 1Q 2020). Net income: NT$6.61m (up NT$20.2m from 1Q 2020). Profit margin: 1.6% (up from net loss in 1Q 2020). 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 83 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS NT$0.01 (vs NT$0.13 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$2.03b (down 12% from FY 2019). Net income: NT$1.19m (down 90% from FY 2019). Profit margin: 0.1% (down from 0.5% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Dec 21
New 90-day high: NT$10.05 The company is up 10.0% from its price of NT$9.15 on 23 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 18% over the same period. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS NT$0.04 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$434.9m (down 20% from 3Q 2019). Net income: NT$3.73m (up 108% from 3Q 2019). Profit margin: 0.9% (up from 0.3% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 63% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 06
New 90-day low: NT$8.95 The company is down 4.0% from its price of NT$9.29 on 07 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 8.0% over the same period. Is New 90 Day High Low • Oct 14
New 90-day low: NT$9.04 The company is down 4.0% from its price of NT$9.43 on 16 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 5.0% over the same period. 
