Reported Earnings • May 09
First quarter 2026 earnings released First quarter 2026 results: Revenue: NT$880.9m (down 11% from 1Q 2025). Net income: NT$35.1m (up NT$80.5m from 1Q 2025). Profit margin: 4.0% (up from net loss in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 12
Full year 2025 earnings released: NT$1.25 loss per share (vs NT$0.76 profit in FY 2024) Full year 2025 results: NT$1.25 loss per share (down from NT$0.76 profit in FY 2024). Revenue: NT$3.59b (down 23% from FY 2024). Net loss: NT$275.5m (down 265% 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 61 percentage points per year, which is a significant difference in performance. Announcement • Mar 11
Ocean Plastics Co., Ltd., Annual General Meeting, Jun 04, 2026 Ocean Plastics Co., Ltd., Annual General Meeting, Jun 04, 2026. Location: no,375, hai hu e. rd., hai hu li, lujhu district, taoyuan city Taiwan Reported Earnings • Nov 08
Third quarter 2025 earnings released: NT$0.13 loss per share (vs NT$0.11 loss in 3Q 2024) Third quarter 2025 results: NT$0.13 loss per share (further deteriorated from NT$0.11 loss in 3Q 2024). Revenue: NT$798.3m (down 22% from 3Q 2024). Net loss: NT$29.4m (loss widened 22% from 3Q 2024). 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 2% per year, which means it is well ahead of earnings. Reported Earnings • Aug 13
Second quarter 2025 earnings released: NT$0.40 loss per share (vs NT$0.32 profit in 2Q 2024) Second quarter 2025 results: NT$0.40 loss per share (down from NT$0.32 profit in 2Q 2024). Revenue: NT$953.5m (down 28% from 2Q 2024). Net loss: NT$87.6m (down 223% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Declared Dividend • Aug 08
Dividend reduced to NT$0.38 Dividend of NT$0.38 is 5.0% lower than last year. Ex-date: 22nd August 2025 Payment date: 15th September 2025 Dividend yield will be 1.0%, which is lower than the industry average of 4.0%. Payout Ratios Payout ratio: Approximately 16x earnings. Cash payout ratio: 52%. Announcement • Jun 05
Ocean Plastics Co., Ltd. Approves Cash Dividend for 2024 Ocean Plastics Co., Ltd. at shareholders' meeting held on June 04, 2025 approved distributing cash dividends of TWD 86,346,742 (TWD 0.38 per share) for 2024, the undistributed earnings at the end of the period were TWD 523,647,396. Reported Earnings • May 13
First quarter 2025 earnings released: NT$0.21 loss per share (vs NT$0.53 profit in 1Q 2024) First quarter 2025 results: NT$0.21 loss per share (down from NT$0.53 profit in 1Q 2024). Revenue: NT$991.1m (down 11% from 1Q 2024). Net loss: NT$45.4m (down 139% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • May 01
Ocean Plastics Co., Ltd. to Report Q1, 2025 Results on May 09, 2025 Ocean Plastics Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025 New Risk • Mar 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 89% 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 (6.0% operating cash flow to total debt). Earnings have declined by 14% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Mar 14
Full year 2024 earnings released: EPS: NT$0.76 (vs NT$0.88 in FY 2023) Full year 2024 results: EPS: NT$0.76 (down from NT$0.88 in FY 2023). Revenue: NT$4.68b (down 4.7% from FY 2023). Net income: NT$166.9m (down 14% from FY 2023). Profit margin: 3.6% (down from 3.9% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Mar 10
Ocean Plastics Co., Ltd., Annual General Meeting, Jun 04, 2025 Ocean Plastics Co., Ltd., Annual General Meeting, Jun 04, 2025. Location: no,375, hai hu e. rd., hai hu li, lujhu district, taoyuan city Taiwan Announcement • Mar 01
Ocean Plastics Co., Ltd. to Report Q4, 2024 Results on Mar 07, 2025 Ocean Plastics Co., Ltd. announced that they will report Q4, 2024 results on Mar 07, 2025 New Risk • Nov 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 68% 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 (8.1% operating cash flow to total debt). Earnings have declined by 11% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Nov 17
Third quarter 2024 earnings released: NT$0.11 loss per share (vs NT$0.22 profit in 3Q 2023) Third quarter 2024 results: NT$0.11 loss per share (down from NT$0.22 profit in 3Q 2023). Revenue: NT$1.02b (down 7.8% from 3Q 2023). Net loss: NT$24.2m (down 150% from profit in 3Q 2023). 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 1% per year, which means it has not declined as severely as earnings. Announcement • Oct 26
Ocean Plastics Co., Ltd. to Report Q3, 2024 Results on Nov 04, 2024 Ocean Plastics Co., Ltd. announced that they will report Q3, 2024 results on Nov 04, 2024 New Risk • Aug 21
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 36% 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 (11% operating cash flow to total debt). Earnings have declined by 4.8% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Upcoming Dividend • Aug 16
Upcoming dividend of NT$0.40 per share Eligible shareholders must have bought the stock before 23 August 2024. Payment date: 16 September 2024. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (4.4%). Lower than average of industry peers (2.4%). Buy Or Sell Opportunity • Aug 13
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 6.4% to NT$42.60. The fair value is estimated to be NT$34.97, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 39%. Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: NT$0.32 (vs NT$0.086 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.32 (up from NT$0.086 in 2Q 2023). Revenue: NT$1.33b (up 14% from 2Q 2023). Net income: NT$71.3m (up 277% from 2Q 2023). Profit margin: 5.3% (up from 1.6% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. New Risk • Aug 10
New major risk - Revenue and earnings growth Earnings have declined by 4.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings have declined by 4.8% per year over the past 5 years. New Risk • Jun 05
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 Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results. Announcement • May 30
Ocean Plastics Co., Ltd. Announces the Resignation of Chen Weilong as Independent Director Ocean Plastics Co., Ltd. announced the resignation of Chen Weilong as independent director of the company. Date of occurrence of the change May 29, 2024. Reported Earnings • May 12
First quarter 2024 earnings released: EPS: NT$0.53 (vs NT$0.59 in 1Q 2023) First quarter 2024 results: EPS: NT$0.53 (down from NT$0.59 in 1Q 2023). Revenue: NT$1.11b (down 17% from 1Q 2023). Net income: NT$116.4m (down 11% from 1Q 2023). Profit margin: 11% (in line with 1Q 2023). 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. Reported Earnings • Mar 19
Full year 2023 earnings released: EPS: NT$0.88 (vs NT$0.19 loss in FY 2022) Full year 2023 results: EPS: NT$0.88 (up from NT$0.19 loss in FY 2022). Revenue: NT$4.91b (down 25% from FY 2022). Net income: NT$193.1m (up NT$235.8m from FY 2022). Profit margin: 3.9% (up from net loss in FY 2022). 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 66 percentage points per year, which is a significant difference in performance. Announcement • Mar 09
Ocean Plastics Co., Ltd., Annual General Meeting, May 31, 2024 Ocean Plastics Co., Ltd., Annual General Meeting, May 31, 2024. Location: Taoyuan Employee Activity Center,No.375 Haihu Lihaihu East Road, Luzhu District, Taoyuan City Taoyuan City Taiwan Agenda: To discuss Reports Business Status in 2023; to discuss 2023 Audit Report of Audit Committee; to discuss Report of Distribution on Remuneration to Directors in 2023; to discuss Report of Distribution on Remuneration to Directors in 2023; and to discuss other matters. New Risk • Nov 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 56% 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 Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: NT$0.09 (vs NT$0.016 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.09 (up from NT$0.016 in 2Q 2022). Revenue: NT$1.17b (down 40% from 2Q 2022). Net income: NT$18.9m (up 430% from 2Q 2022). Profit margin: 1.6% (up from 0.2% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Wei-Lung Chen was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 18
Upcoming dividend of NT$0.70 per share Eligible shareholders must have bought the stock before 25 August 2022. Payment date: 15 September 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.9%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (7.7%). Reported Earnings • Aug 13
Second quarter 2022 earnings released: EPS: NT$0.02 (vs NT$0.26 loss in 2Q 2021) Second quarter 2022 results: EPS: NT$0.02 (up from NT$0.26 loss in 2Q 2021). Revenue: NT$1.95b (up 18% from 2Q 2021). Net income: NT$3.57m (up NT$61.2m from 2Q 2021). Profit margin: 0.2% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Jun 22
Ocean Plastics Co., Ltd. Approves Cash Dividend Ocean Plastics Co., Ltd. at the shareholders meeting held on June 21, 2022 approved the cash dividend of TWD 0.7 per share. Reported Earnings • May 16
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: NT$0.07 loss per share (down from NT$1.13 profit in 1Q 2021). Revenue: NT$1.77b (up 16% from 1Q 2021). Net loss: NT$14.5m (down 106% from profit in 1Q 2021). Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) exceeded analyst estimates by 950%. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 5% 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. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Mar 31
Ocean Plastics Co., Ltd., Annual General Meeting, Jun 21, 2022 Ocean Plastics Co., Ltd., Annual General Meeting, Jun 21, 2022. Reported Earnings • Mar 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: NT$1.45 (down from NT$1.70 in FY 2020). Revenue: NT$6.49b (up 30% from FY 2020). Net income: NT$319.4m (down 15% from FY 2020). Profit margin: 4.9% (down from 7.5% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) exceeded analyst estimates. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.65 (vs NT$0.67 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: NT$1.64b (up 16% from 3Q 2020). Net income: NT$142.5m (down 3.9% from 3Q 2020). Profit margin: 8.7% (down from 11% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 19
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 26 August 2021. Payment date: 15 September 2021. Trailing yield: 2.9%. Lower than top quartile of Taiwanese dividend payers (5.2%). In line with average of industry peers (2.9%). Reported Earnings • Aug 13
Second quarter 2021 earnings released: NT$0.26 loss per share (vs NT$0.57 profit in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: NT$1.65b (up 52% from 2Q 2020). Net loss: NT$57.6m (down 146% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 14
First quarter 2021 earnings released: EPS NT$1.13 (vs NT$0.18 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$1.53b (up 42% from 1Q 2020). Net income: NT$250.0m (up NT$288.8m from 1Q 2020). Profit margin: 16% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS NT$3.24 (vs NT$0.53 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$4.98b (up 6.9% from FY 2019). Net income: NT$374.1m (up 218% from FY 2019). Profit margin: 7.5% (up from 2.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 128% 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 • Jan 11
New 90-day high: NT$37.05 The company is up 6.0% from its price of NT$34.85 on 13 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 18% over the same period. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS NT$0.67 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.42b (up 14% from 3Q 2019). Net income: NT$148.4m (up 28% from 3Q 2019). Profit margin: 11% (up from 9.3% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.