Reported Earnings • May 16
First quarter 2026 earnings released: NT$0.14 loss per share (vs NT$0.12 loss in 1Q 2025) First quarter 2026 results: NT$0.14 loss per share (further deteriorated from NT$0.12 loss in 1Q 2025). Revenue: NT$670.6m (down 8.4% from 1Q 2025). Net loss: NT$59.5m (loss widened 19% from 1Q 2025). 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 20% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 31
Full year 2025 earnings released: NT$0.56 loss per share (vs NT$0.28 profit in FY 2024) Full year 2025 results: NT$0.56 loss per share (down from NT$0.28 profit in FY 2024). Revenue: NT$2.73b (down 17% from FY 2024). Net loss: NT$239.4m (down 300% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Mar 04
Quintain Steel Co., LTD., Annual General Meeting, May 21, 2026 Quintain Steel Co., LTD., Annual General Meeting, May 21, 2026, at 10:00 Taipei Standard Time. Location: no,47, hsin chien rd., south district, tainan city Taiwan Reported Earnings • Nov 16
Third quarter 2025 earnings released: NT$0.23 loss per share (vs NT$0.10 loss in 3Q 2024) Third quarter 2025 results: NT$0.23 loss per share (further deteriorated from NT$0.10 loss in 3Q 2024). Revenue: NT$701.7m (down 21% from 3Q 2024). Net loss: NT$100.4m (loss widened 133% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: NT$0.05 (vs NT$0.019 loss in 2Q 2024) Second quarter 2025 results: EPS: NT$0.05 (up from NT$0.019 loss in 2Q 2024). Revenue: NT$689.5m (down 20% from 2Q 2024). Net income: NT$18.3m (up NT$26.3m from 2Q 2024). Profit margin: 2.7% (up from net loss in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. New Risk • Jun 04
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 11% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • May 17
New major risk - Revenue and earnings growth Earnings have declined by 11% 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 Risk Earnings have declined by 11% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. 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$9.05, the stock trades at a trailing P/E ratio of 32.4x. Average trailing P/E is 19x in the Metals and Mining industry in Taiwan. Total loss to shareholders of 43% over the past three years. Reported Earnings • Mar 18
Full year 2024 earnings released: EPS: NT$0.28 (vs NT$0.68 loss in FY 2023) Full year 2024 results: EPS: NT$0.28 (up from NT$0.68 loss in FY 2023). Revenue: NT$3.28b (up 8.4% from FY 2023). Net income: NT$119.5m (up NT$378.2m from FY 2023). Profit margin: 3.6% (up from net loss in FY 2023). The move to profitability was primarily 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 65 percentage points per year, which is a significant difference in performance. Announcement • Mar 13
Quintain Steel Co., LTD., Annual General Meeting, May 28, 2025 Quintain Steel Co., LTD., Annual General Meeting, May 28, 2025, at 10:00 Taipei Standard Time. Location: no,47, hsin chien rd., south district, tainan city Taiwan Announcement • Mar 04
Quintain Steel Co., LTD. to Report Q4, 2024 Results on Mar 11, 2025 Quintain Steel Co., LTD. announced that they will report Q4, 2024 results on Mar 11, 2025 New Risk • Nov 28
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 1.3% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.3% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Large one-off items impacting financial results. Reported Earnings • Nov 18
Third quarter 2024 earnings released: NT$0.10 loss per share (vs NT$0.12 loss in 3Q 2023) Third quarter 2024 results: NT$0.10 loss per share. Revenue: NT$885.2m (flat on 3Q 2023). Net loss: NT$43.0m (loss widened 2.7% from 3Q 2023). Reported Earnings • Aug 17
Second quarter 2024 earnings released: NT$0.02 loss per share (vs NT$0.25 loss in 2Q 2023) Second quarter 2024 results: NT$0.02 loss per share (improved from NT$0.25 loss in 2Q 2023). Revenue: NT$860.8m (up 8.7% from 2Q 2023). Net loss: NT$8.05m (loss narrowed 91% from 2Q 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 • Aug 06
Quintain Steel Co., LTD. to Report Q2, 2024 Results on Aug 13, 2024 Quintain Steel Co., LTD. announced that they will report Q2, 2024 results on Aug 13, 2024 New Risk • Jun 05
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 7.2% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.2% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (194% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Shareholders have been diluted in the past year (18% increase in shares outstanding). Announcement • May 31
Quintain Steel Co., Ltd. Elects New Independent Director, Tsai, Shuo-Chuan Quintain Steel Co., LTD. elected new Independent Director, Tsai, Shuo-Chuan (transliterated), at its AGM, held on May 20, 2024. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.62 (vs NT$0.12 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.62 (up from NT$0.12 loss in 1Q 2023). Revenue: NT$726.7m (up 9.1% from 1Q 2023). Net income: NT$265.3m (up NT$310.1m from 1Q 2023). Profit margin: 37% (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 69 percentage points per year, which is a significant difference in performance. Announcement • May 03
Quintain Steel Co., LTD. to Report Q1, 2024 Results on May 10, 2024 Quintain Steel Co., LTD. announced that they will report Q1, 2024 results on May 10, 2024 New Risk • Mar 24
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risks Paying a dividend despite being loss-making. Shareholders have been diluted in the past year (18% increase in shares outstanding). Reported Earnings • Mar 19
Full year 2023 earnings released: NT$0.68 loss per share (vs NT$0.66 profit in FY 2022) Full year 2023 results: NT$0.68 loss per share (down from NT$0.66 profit in FY 2022). Revenue: NT$3.03b (down 15% from FY 2022). Net loss: NT$258.8m (down 208% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Mar 14
Quintain Steel Co., LTD., Annual General Meeting, May 30, 2024 Quintain Steel Co., LTD., Annual General Meeting, May 30, 2024. Announcement • Jan 20
Quintain Steel Co., LTD. Announces Resignation of the Independent Director from Functional Committees Quintain Steel Co., LTD. announced the resignation of Wei, Hu-Chean, Independent director of the Company from Audit Committee & Remuneration Committee. The Company received the resignation letter on January 19, 2024, with the tenure lasting until January 19 of the same year. The independent director resigned from the position and also resigned from the roles in the functional committees under the board of directors. New Risk • Dec 02
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risks Paying a dividend despite being loss-making. Shareholders have been diluted in the past year (19% increase in shares outstanding). New Risk • Oct 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% 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 Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Paying a dividend despite being loss-making. Shareholders have been diluted in the past year (19% increase in shares outstanding). New Risk • Aug 25
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risk Paying a dividend despite being loss-making. Upcoming Dividend • Aug 03
Upcoming dividend of NT$0.40 per share at 2.3% yield Eligible shareholders must have bought the stock before 10 August 2023. Payment date: 01 September 2023. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.8%). Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$18.55, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 11x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 231% over the past three years. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: NT$0.27 (vs NT$0.41 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.27 (down from NT$0.41 in 3Q 2021). Revenue: NT$902.0m (up 3.9% from 3Q 2021). Net income: NT$93.0m (down 34% from 3Q 2021). Profit margin: 10% (down from 16% in 3Q 2021). The decrease in margin was driven by higher expenses. 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 27% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Director Hong-Quan Wang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Nov 11
Quintain Steel Co., Ltd. Announces Change of Chief Internal Auditor Quintain Steel Co., LTD. announced the change of chief internal auditor effective November 10, 2022. Jhuang, Yue Long, Section Chief, Auditing office appointed in place of Wu, Fang-Yu, Manager, Auditing office. Reason for the change: The previous chief internal auditor, Wu, Fang-Yu, transfers to the manager of Management Department. The board of directors approved the change on November 10, 2022. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improved over the past week After last week's 15% share price gain to NT$13.95, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 9x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 120% over the past three years. Upcoming Dividend • Jul 07
Upcoming dividend of NT$0.60 per share Eligible shareholders must have bought the stock before 14 July 2022. Payment date: 08 August 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of Taiwanese dividend payers (6.8%). Lower than average of industry peers (9.1%). Announcement • May 28
Quintain Steel Co., LTD. Announces Election of Independent Directors Quintain Steel Co., LTD. at the Annual Shareholders Meeting held on May 26, 2022, the list of new Independent Directors: Wei, Fu-Chuan; Wang, Hong-Quan and Jian, Han-Ru. Resume of the new position holder: Wei, Fu-Chuan: Taiwan Cooperative Bank, Branch manager; Wang, Hong-Quan: Fu Teng Construction Co., Ltd., Chairman; Jian, Han-Ru: Jian Han-Ru CPA Firm, Director. Effective date of the new appointment is May 26, 2022. Reported Earnings • Apr 04
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: NT$1.98 (up from NT$0.043 in FY 2020). Revenue: NT$4.04b (up 16% from FY 2020). Net income: NT$647.8m (up NT$633.4m from FY 2020). Profit margin: 16% (up from 0.4% in FY 2020). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates by 43%. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 26
Upcoming dividend of NT$0.30 per share Eligible shareholders must have bought the stock before 02 September 2021. Payment date: 27 September 2021. Trailing yield: 0.8%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 43% share price gain to NT$32.10, the stock trades at a trailing P/E ratio of 47.6x. Average trailing P/E is 28x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 264% over the past three years. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 20% share price gain to NT$19.50, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 20x in the Metals and Mining industry in Taiwan. Total returns to shareholders of 111% over the past three years. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$0.48 (vs NT$0.15 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$1.03b (up 30% from 1Q 2020). Net income: NT$159.5m (up NT$210.2m 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, 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. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS NT$0.04 (vs NT$0.50 loss 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$3.49b (down 12% from FY 2019). Net income: NT$14.4m (up NT$180.8m from FY 2019). Profit margin: 0.4% (up from net loss in FY 2019). 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 108 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Dec 21
New 90-day high: NT$11.85 The company is up 34% from its price of NT$8.85 on 22 September 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 18% over the same period. Is New 90 Day High Low • Nov 25
New 90-day high: NT$9.32 The company is up 14% from its price of NT$8.15 on 27 August 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 12% over the same period. Reported Earnings • Nov 17
Third quarter 2020 earnings released: EPS NT$0.03 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.05b (up 8.9% from 3Q 2019). Net income: NT$11.4m (up NT$57.7m from 3Q 2019). Profit margin: 1.1% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 107% 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.