Reported Earnings • May 12
First quarter 2026 earnings released: NT$0.021 loss per share (vs NT$0.10 loss in 1Q 2025) First quarter 2026 results: NT$0.021 loss per share (improved from NT$0.10 loss in 1Q 2025). Revenue: NT$10.8b (up 5.3% from 1Q 2025). Net loss: NT$27.2m (loss narrowed 80% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 12
Full year 2025 earnings released: NT$0.39 loss per share (vs NT$0.28 loss in FY 2024) Full year 2025 results: NT$0.39 loss per share (further deteriorated from NT$0.28 loss in FY 2024). Revenue: NT$44.7b (down 6.5% from FY 2024). Net loss: NT$516.6m (loss widened 38% from FY 2024). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Mar 12
Longchen Paper & Packaging Co., Ltd., Annual General Meeting, May 27, 2026 Longchen Paper & Packaging Co., Ltd., Annual General Meeting, May 27, 2026, at 09:30 Taipei Standard Time. Location: no,1-1 kuang hsing ln., erhlin township, changhua county Taiwan Reported Earnings • Nov 15
Third quarter 2025 earnings released: NT$0.11 loss per share (vs NT$0.20 loss in 3Q 2024) Third quarter 2025 results: NT$0.11 loss per share (improved from NT$0.20 loss in 3Q 2024). Revenue: NT$11.3b (down 4.2% from 3Q 2024). Net loss: NT$144.3m (loss narrowed 45% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. New Risk • Sep 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: NT$13.3m (US$438.7k) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.6% operating cash flow to total debt). Earnings have declined by 50% per year over the past 5 years. Market cap is less than US$10m (NT$13.3m market cap, or US$438.7k). Reported Earnings • Aug 15
Second quarter 2025 earnings released: NT$0.33 loss per share (vs NT$0.096 profit in 2Q 2024) Second quarter 2025 results: NT$0.33 loss per share (down from NT$0.096 profit in 2Q 2024). Revenue: NT$11.2b (down 11% from 2Q 2024). Net loss: NT$432.4m (down 438% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year and the company’s share price has also fallen by 13% per year. Reported Earnings • May 13
First quarter 2025 earnings released: NT$0.10 loss per share (vs NT$0.005 profit in 1Q 2024) First quarter 2025 results: NT$0.10 loss per share (down from NT$0.005 profit in 1Q 2024). Revenue: NT$10.2b (down 4.8% from 1Q 2024). Net loss: NT$137.3m (down NT$143.7m from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Announcement • May 03
Longchen Paper & Packaging Co., Ltd. to Report Q1, 2025 Results on May 12, 2025 Longchen Paper & Packaging Co., Ltd. announced that they will report Q1, 2025 results on May 12, 2025 Announcement • Mar 13
Longchen Paper & Packaging Co., Ltd., Annual General Meeting, May 28, 2025 Longchen Paper & Packaging Co., Ltd., Annual General Meeting, May 28, 2025, at 09:30 Taipei Standard Time. Location: no,1-1 kuang hsing ln., erhlin township, changhua county Taiwan Reported Earnings • Mar 13
Full year 2024 earnings released: NT$0.28 loss per share (vs NT$0.77 loss in FY 2023) Full year 2024 results: NT$0.28 loss per share (improved from NT$0.77 loss in FY 2023). Revenue: NT$47.8b (up 2.3% from FY 2023). Net loss: NT$373.6m (loss narrowed 63% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Announcement • Feb 28
Longchen Paper & Packaging Co., Ltd. to Report Fiscal Year 2024 Results on Mar 10, 2025 Longchen Paper & Packaging Co., Ltd. announced that they will report fiscal year 2024 results on Mar 10, 2025 New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 08
Third quarter 2024 earnings released: NT$0.20 loss per share (vs NT$0.086 loss in 3Q 2023) Third quarter 2024 results: NT$0.20 loss per share (further deteriorated from NT$0.086 loss in 3Q 2023). Revenue: NT$11.8b (up 1.0% from 3Q 2023). Net loss: NT$263.3m (loss widened 130% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Announcement • Oct 31
Longchen Paper & Packaging Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024 Longchen Paper & Packaging Co., Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024 Buy Or Sell Opportunity • Oct 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.8% to NT$13.65. The fair value is estimated to be NT$17.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.3% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Sep 04
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.8% to NT$13.10. The fair value is estimated to be NT$17.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.3% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: NT$0.10 (vs NT$0.25 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.10 (up from NT$0.25 loss in 2Q 2023). Revenue: NT$12.6b (up 5.5% from 2Q 2023). Net income: NT$127.8m (up NT$454.1m from 2Q 2023). Profit margin: 1.0% (up from net loss in 2Q 2023). 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 72 percentage points per year, which is a significant difference in performance. Announcement • Aug 13
Longchen Paper & Packaging Co., Ltd. Announces Sustainable Development Committee Appointments Longchen Paper & Packaging Co., Ltd. announced Board of Director's resolution to appoint members of the Sustainable Development Committee. Date of occurrence of the change is August 12, 2024. Name of the new position holder: Chiu, Shean-Bii, Wen,Shun-Te, Chang, Lan-Hsin. Resume of the new position holder: Chiu, Shean-Bii,Professor of Finance, National Taiwan University. Wen,Shun-Te,Independent directors of Froch Enterprise Co., Ltd. Chang, Lan-Hsin,Vice chairman of Taiwan Farm Industry Co., Ltd. Reason for the change: new appointment. Effective date of the new member: August 12, 2024 to May 30, 2026. Announcement • Aug 03
Longchen Paper & Packaging Co., Ltd. to Report Q2, 2024 Results on Aug 12, 2024 Longchen Paper & Packaging Co., Ltd. announced that they will report Q2, 2024 results on Aug 12, 2024 Reported Earnings • May 15
First quarter 2024 earnings released First quarter 2024 results: Revenue: NT$10.7b (flat on 1Q 2023). Net income: NT$6.45m (up NT$643.5m from 1Q 2023). Profit margin: 0.1% (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 97 percentage points per year, which is a significant difference in performance. Announcement • May 05
Longchen Paper & Packaging Co., Ltd. to Report Q1, 2024 Results on May 13, 2024 Longchen Paper & Packaging Co., Ltd. announced that they will report Q1, 2024 results on May 13, 2024 Announcement • Mar 28
Longchen Paper & Packaging Co., Ltd., Annual General Meeting, Apr 10, 2024 Longchen Paper & Packaging Co., Ltd., Annual General Meeting, Apr 10, 2024. Location: No. 33 Jinyang Road ALujiaTown Kunshan City Jiangsu China Agenda: To consider the Board of Directors Report for 2023; to consider the 2023 Financial Report; to consider the 2023 Profit Distribution; to consider the 2024 Financial Budget; to consider the Amount of Daily Related Parties Transactions for 2023; to consider the Target Amount of Daily Related Parties Transactions for 2024; to consider the Mandate of 2024 Auditor; and to consider other matters. Reported Earnings • Mar 12
Full year 2023 earnings released: NT$0.77 loss per share (vs NT$0.71 loss in FY 2022) Full year 2023 results: NT$0.77 loss per share (further deteriorated from NT$0.71 loss in FY 2022). Revenue: NT$46.7b (down 12% from FY 2022). Net loss: NT$1.02b (loss widened 12% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 19
Second quarter 2023 earnings released: NT$0.25 loss per share (vs NT$0.23 profit in 2Q 2022) Second quarter 2023 results: NT$0.25 loss per share (down from NT$0.23 profit in 2Q 2022). Revenue: NT$11.9b (down 9.7% from 2Q 2022). Net loss: NT$326.3m (down 213% from profit in 2Q 2022). 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. Upcoming Dividend • Jun 27
Upcoming dividend of NT$0.25 per share at 1.5% yield Eligible shareholders must have bought the stock before 04 July 2023. Payment date: 24 July 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (1.8%). Reported Earnings • Mar 12
Full year 2022 earnings released: NT$0.71 loss per share (vs NT$1.84 profit in FY 2021) Full year 2022 results: NT$0.71 loss per share (down from NT$1.84 profit in FY 2021). Revenue: NT$53.0b (down 6.4% from FY 2021). Net loss: NT$909.8m (down 139% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Nov 16
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: NT$0.38 loss per share (down from NT$0.38 profit in 3Q 2021). Revenue: NT$12.8b (down 19% from 3Q 2021). Net loss: NT$485.0m (down 200% from profit in 3Q 2021). Revenue missed analyst estimates by 8.4%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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 not an independent director. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Xian-Bi Qiu was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Nov 12
Pinghu Longchen Announces Executive Changes Pinghu Longchen announced Executive Changes. Title and name of the previous position holder: Director of the company: CHENG,YING-PIN; Director of the company: CHENG,KUO-TAI; Supervisor of the company: WU,KUO-SHAN. Resume of the previous position holder: Longchen Paper & Packaging Co., Ltd./Chairman, Longchen Paper Japan Co.,Ltd./Chairman, Longchen Paper & Packaging Co., Ltd./Senior Assistant Vice president. Title and name of the new position holder: Director of the company: CHEN,HSI-PAN; Director of the company: SHAO,MING-JUI; Supervisor of the company: WU,YING-CHIEH. Resume of the new position holder: Longchen Paper & Packaging Co., Ltd./Assistant Vice president, Pinghu Longchen Greentech Co., Ltd./Assistant Vice president, Hubei Longchen Greentech Co., Ltd./Manager. Effective date of the new appointment: November 11, 2022 - March 9, 2023. Reported Earnings • Aug 15
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: NT$0.23 (down from NT$0.71 in 2Q 2021). Revenue: NT$13.2b (down 5.7% from 2Q 2021). Net income: NT$289.3m (down 68% from 2Q 2021). Profit margin: 2.2% (down from 6.5% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Aug 13
Longchen Paper & Packaging Co., Ltd. Announces Appointment of Lin,Yen-Mi as Chief Information Security Officer Longchen Paper & Packaging Co., Ltd. announced appointment of Lin,Yen-Mi as Chief Information Security Officer. Name, title, and resume of the new position holder: Mr. Lin,Yen-Mi/Chief Information Officer of Longchen P&P. Effective date is August 12, 2022. Announcement • Jul 09
Longchen Paper & Packaging Co., Ltd. Announces Management Changes Longchen Paper & Packaging Co., Ltd. appoints CHIU,HSIEN-PI, Department of Finance, National Taiwan University Professor and Experience Director as member of resignation committee replacing WU,CHIH-WEI. Upcoming Dividend • Jun 28
Upcoming dividend of NT$1.20 per share Eligible shareholders must have bought the stock before 05 July 2022. Payment date: 25 July 2022. Payout ratio is on the higher end at 83% but the company is not cash flow positive. Trailing yield: 6.9%. Within top quartile of Taiwanese dividend payers (6.3%). Higher than average of industry peers (5.3%). Announcement • Jun 09
Longchen Paper & Packaging Co., Ltd. Announces Dividend on Common Share, Payable on July 25, 2022 Longchen Paper & Packaging Co., Ltd. announced dividend of TWD 1.2 per common share, payable on July 25, 2022. Ex-rights (ex-dividend) trading date is July 5, 2022 and record date is July 11, 2022. Reported Earnings • May 17
First quarter 2022 earnings released: EPS: NT$0.01 (vs NT$0.40 in 1Q 2021) First quarter 2022 results: EPS: NT$0.01 (down from NT$0.40 in 1Q 2021). Revenue: NT$13.6b (up 21% from 1Q 2021). Net income: NT$11.7m (down 98% from 1Q 2021). Profit margin: 0.1% (down from 4.6% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. 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 not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Xian-Bi Qiu was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 19
Longchen Paper & Packaging Co., Ltd. on Behalf of Major Subsidiary Jiangsu Longchen Announces Board Changes Longchen Paper & Packaging Co., Ltd., on behalf of major subsidiary Jiangsu Longchen, replaced Yao,Chang-Kun with GYao,Chang-Kun as chairperson of the company, effective date of appointment is April 18, 2022. Reported Earnings • Mar 14
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: NT$1.84 (up from NT$0.77 in FY 2020). Revenue: NT$56.6b (up 36% from FY 2020). Net income: NT$2.35b (up 149% from FY 2020). Profit margin: 4.2% (up from 2.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$0.38 (vs NT$0.26 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$15.7b (up 32% from 3Q 2020). Net income: NT$483.1m (up 51% from 3Q 2020). Profit margin: 3.1% (up from 2.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$0.71 (vs NT$0.032 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$14.0b (up 44% from 2Q 2020). Net income: NT$911.2m (up NT$949.7m from 2Q 2020). Profit margin: 6.5% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 24
Upcoming dividend of NT$0.60 per share Eligible shareholders must have bought the stock before 01 July 2021. Payment date: 23 July 2021. Trailing yield: 2.1%. Lower than top quartile of Taiwanese dividend payers (5.0%). In line with average of industry peers (2.0%). Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improved over the past week After last week's 17% share price gain to NT$26.30, the stock trades at a trailing P/E ratio of 24.8x. Average forward P/E is 12x in the Forestry industry in Taiwan. Total loss to shareholders of 8.8% over the past three years. Executive Departure • May 25
VP & CFO has left the company On the 14th of May, Yung-Fang Tsou's tenure as VP & CFO ended after 13.2 years in the role. We don't have any record of a personal shareholding under Yung-Fang's name. Yung-Fang is the only executive to leave the company over the last 12 months. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$0.40 (vs NT$0.13 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$11.2b (up 61% from 1Q 2020). Net income: NT$509.6m (up 236% from 1Q 2020). Profit margin: 4.5% (up from 2.2% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 55% 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. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$21.90, the stock trades at a trailing P/E ratio of 28.4x. Average forward P/E is 13x in the Forestry industry in Asia. Total loss to shareholders of 26% over the past three years. Announcement • Mar 17
Longchen Paper & Packaging Co., Ltd., Annual General Meeting, Jun 17, 2021 Longchen Paper & Packaging Co., Ltd., Annual General Meeting, Jun 17, 2021. Reported Earnings • Mar 13
Full year 2020 earnings released: EPS NT$0.77 (vs NT$0.45 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$41.6b (down 13% from FY 2019). Net income: NT$945.9m (up 77% from FY 2019). Profit margin: 2.3% (up from 1.1% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 76% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improved over the past week After last week's 17% share price gain to NT$24.00, the stock is trading at a trailing P/E ratio of 30.3x, up from the previous P/E ratio of 26x. This compares to an average P/E of 19x in the Forestry industry in Asia. Total return to shareholders over the past three years is a loss of 21%. Is New 90 Day High Low • Feb 20
New 90-day high: NT$24.00 The company is up 41% from its price of NT$17.00 on 20 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 15
New 90-day high: NT$20.85 The company is up 12% from its price of NT$18.55 on 16 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Forestry industry, which is up 15% over the same period. Valuation Update With 7 Day Price Move • Dec 01
Market bids up stock over the past week After last week's 15% share price gain to NT$19.40, the stock is trading at a trailing P/E ratio of 24.5x, up from the previous P/E ratio of 21.3x. This compares to an average P/E of 17x in the Forestry industry in Asia. Total return to shareholders over the past three years is a loss of 48%. Is New 90 Day High Low • Nov 30
New 90-day high: NT$19.05 The company is up 12% from its price of NT$17.05 on 01 September 2020. The Taiwanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 10.0% over the same period. Reported Earnings • Nov 16
Third quarter 2020 earnings released: EPS NT$0.26 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$11.9b (down 1.3% from 3Q 2019). Net income: NT$320.9m (up NT$409.4m from 3Q 2019). Profit margin: 2.7% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 85% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Price Target Changed • Oct 01
Price target lowered to NT$12.00 Down from NT$16.00, the current price target is provided by 1 analyst. The new target price is 28% below the current share price of NT$16.75. As of last close, the stock is up 23% over the past year. 