Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: NT$4.96 (vs NT$4.66 in FY 2024) Full year 2025 results: EPS: NT$4.96 (up from NT$4.66 in FY 2024). Revenue: NT$14.0b (up 5.3% from FY 2024). Net income: NT$1.23b (up 6.4% from FY 2024). Profit margin: 8.8% (up from 8.7% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Feb 26
CHC Resources Corporation, Annual General Meeting, May 27, 2026 CHC Resources Corporation, Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: no,2 you ch`eng ln., yen hai 3rd rd., siaogang district, kaohsiung city Taiwan Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: NT$1.15 (vs NT$1.13 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.15 (up from NT$1.13 in 3Q 2024). Revenue: NT$3.32b (down 2.9% from 3Q 2024). Net income: NT$284.9m (up 1.7% from 3Q 2024). Profit margin: 8.6% (up from 8.2% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 16% per year. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: NT$1.37 (vs NT$1.18 in 2Q 2024) Second quarter 2025 results: EPS: NT$1.37 (up from NT$1.18 in 2Q 2024). Revenue: NT$3.68b (up 8.9% from 2Q 2024). Net income: NT$340.9m (up 17% from 2Q 2024). Profit margin: 9.3% (up from 8.6% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 17% per year. Declared Dividend • Jun 30
Dividend increased to NT$4.00 Dividend of NT$4.00 is 33% higher than last year. Ex-date: 16th July 2025 Payment date: 6th August 2025 Dividend yield will be 5.3%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jun 03
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to NT$78.50. The fair value is estimated to be NT$64.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has grown by 18%. Buy Or Sell Opportunity • May 12
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to NT$77.60. The fair value is estimated to be NT$63.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has grown by 18%. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: NT$1.33 (vs NT$1.18 in 1Q 2024) First quarter 2025 results: EPS: NT$1.33 (up from NT$1.18 in 1Q 2024). Revenue: NT$3.46b (up 18% from 1Q 2024). Net income: NT$330.1m (up 13% from 1Q 2024). Profit margin: 9.5% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 18% per year and the company’s share price has also increased by 18% per year. Announcement • May 01
CHC Resources Corporation to Report Q1, 2025 Results on May 08, 2025 CHC Resources Corporation announced that they will report Q1, 2025 results on May 08, 2025 Announcement • Mar 27
CHC Resources Corporation Announces Change of Directors CHC Resources Corporation appointed representative of TCC Group Holdings CO., LTD., Ming-Jen Yu in place of Yin-Te Wu, Effective date of the new appointment on March 26, 2025. Ming-Jen Yu is CFO, TCC Group Holdings CO., LTD. Announcement • Mar 14
Chc Resources Corporation Appoints I-Min Wu from (Acting Position) President to President CHC Resources Corporation announced change of the president. Name of the previous position holder: I-Min Wu (Acting Position). Resume of the previous position holder: Vice President of CHC Resources Corporation. Name of the new position holder: I-Min Wu. Resume of the new position holder: Vice President of CHC Resources Corporation. Effective date of the new appointment: March 13, 2025. Circumstances of change: New Appointment. Reported Earnings • Mar 03
Full year 2024 earnings released: EPS: NT$4.66 (vs NT$3.38 in FY 2023) Full year 2024 results: EPS: NT$4.66 (up from NT$3.38 in FY 2023). Revenue: NT$13.3b (up 7.2% from FY 2023). Net income: NT$1.16b (up 38% from FY 2023). Profit margin: 8.7% (up from 6.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 15% per year. Announcement • Feb 19
CHC Resources Corporation to Report Fiscal Year 2024 Results on Feb 26, 2025 CHC Resources Corporation announced that they will report fiscal year 2024 results on Feb 26, 2025 Announcement • Feb 18
CHC Resources Corporation Announces Institutional Director Changes CHC Resources Corporation announced that I-Min Wu, General Manager of Environmental Protection Department, China Steel Corporation, will replace Hsiang-Ya Huang as institutional director. Effective date of the new appointment
is March 1, 2025. Buy Or Sell Opportunity • Jan 01
Now 20% undervalued Over the last 90 days, the stock has risen 2.0% to NT$67.10. The fair value is estimated to be NT$84.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 13%. Buy Or Sell Opportunity • Dec 13
Now 20% undervalued Over the last 90 days, the stock has risen 4.6% to NT$66.60. The fair value is estimated to be NT$83.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 13%. Buy Or Sell Opportunity • Nov 28
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at NT$66.20. The fair value is estimated to be NT$83.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 13%. Buy Or Sell Opportunity • Nov 13
Now 20% undervalued Over the last 90 days, the stock has risen 1.1% to NT$66.60. The fair value is estimated to be NT$83.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 13%. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: NT$1.13 (vs NT$0.86 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.13 (up from NT$0.86 in 3Q 2023). Revenue: NT$3.42b (up 13% from 3Q 2023). Net income: NT$280.0m (up 31% from 3Q 2023). Profit margin: 8.2% (up from 7.0% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 15% per year. Announcement • Oct 30
CHC Resources Corporation Announces Change in Chief Information Security Officer On October 29, 2024, CHC Resources Corporation announced change in Chief Information Security Officer. Name, title, and resume of the previous position holder: Hung-Shu Chung, Vice President. Name, title, and resume of the new position holder: Ching-An Lin, New Vice President, Assistant Vice President of Administration Division. Reason for the change: position adjustment. Effective date: October 31, 2024. Announcement • Oct 22
CHC Resources Corporation to Report Q3, 2024 Results on Oct 29, 2024 CHC Resources Corporation announced that they will report Q3, 2024 results on Oct 29, 2024 Reported Earnings • Aug 04
Second quarter 2024 earnings released: EPS: NT$1.18 (vs NT$0.91 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.18 (up from NT$0.91 in 2Q 2023). Revenue: NT$3.38b (up 4.1% from 2Q 2023). Net income: NT$292.4m (up 29% from 2Q 2023). Profit margin: 8.6% (up from 7.0% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 13% per year. Announcement • Jul 26
CHC Resources Corporation to Report Q2, 2024 Results on Aug 02, 2024 CHC Resources Corporation announced that they will report Q2, 2024 results on Aug 02, 2024 Upcoming Dividend • Jul 12
Upcoming dividend of NT$3.00 per share Eligible shareholders must have bought the stock before 16 July 2024. Payment date: 02 August 2024. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 4.4%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (3.8%). Declared Dividend • Jun 27
Dividend increased to NT$3.00 Dividend of NT$3.00 is 20% higher than last year. Ex-date: 16th July 2024 Payment date: 2nd August 2024 Dividend yield will be 4.6%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by both earnings (79% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has grown by 1.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 26
CHC Resources Corporation Approves Cash Dividend, Payable on August 2, 2024 CHC Resources Corporation approved common stock cash dividend of TWD 3 per share. The total amount is TWD 745,621,104. Ex-rights (ex-dividend) trading date: July 16, 2024; Ex-rights (ex-dividend) record date: July 22, 2024; Payment date of common stock cash dividend distribution: August 2, 2024. Date of the resolution by the board of directors or shareholders meeting or decision by the Company: June 25, 2024. Reported Earnings • May 04
First quarter 2024 earnings released: EPS: NT$1.18 (vs NT$0.74 in 1Q 2023) First quarter 2024 results: EPS: NT$1.18 (up from NT$0.74 in 1Q 2023). Revenue: NT$2.94b (down 3.2% from 1Q 2023). Net income: NT$292.7m (up 60% from 1Q 2023). Profit margin: 10.0% (up from 6.0% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 28
CHC Resources Corporation to Report Q1, 2024 Results on May 03, 2024 CHC Resources Corporation announced that they will report Q1, 2024 results at 9:00 AM, Taipei Standard Time on May 03, 2024 Reported Earnings • Mar 03
Full year 2023 earnings released: EPS: NT$3.38 (vs NT$3.04 in FY 2022) Full year 2023 results: EPS: NT$3.38 (up from NT$3.04 in FY 2022). Revenue: NT$12.4b (up 8.9% from FY 2022). Net income: NT$839.6m (up 11% from FY 2022). Profit margin: 6.8% (up from 6.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 25
CHC Resources Corporation Announces Board Changes CHC Resources Corporation appointed Rong-Tzong Tang as institutional director and resignation of Chang-Zhi Wu, Sales Department Vice President, Southeast Cement Corporation, as institutional director, effective date of the new appointment is January 24, 2024. Announcement • Nov 30
CHC Resources Corporation Announces Change in Representative of Institutional Director, Effective December 1, 2023 CHC Resources Corporation announced appointment of Chen, Jui-Teng, Vice President of Engineering Division, China Steel Corporaiton as representative of institutional director in place of Chen, Huo-Kun, Chairman of China Steel Structure Co. Ltd. Name of legal person is China Steel Structure Co. Ltd. Effective date of the new appointment is December 1, 2023. Announcement • Nov 22
CHC Resources Corporation Announces Executive Changes CHC Resources Corporation announced the change in representative of institutional director. Name of the previous position holder: Wen-Hsien Chou; Resume of the previous position holder: Assistant Vice President of Production Division, China Steel Corporation. Name of the new position holder: Shui-Sheng Hung; Resume of the new position holder: General Superintendent of Steel Making Department, China Steel Corporation. Reason for the change: New appointment. Effective date of the new appointment is November 21, 2023. Reported Earnings • Nov 04
Third quarter 2023 earnings released: EPS: NT$0.86 (vs NT$0.86 in 3Q 2022) Third quarter 2023 results: EPS: NT$0.86 (down from NT$0.86 in 3Q 2022). Revenue: NT$3.03b (up 9.1% from 3Q 2022). Net income: NT$213.5m (flat on 3Q 2022). Profit margin: 7.0% (down from 7.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Aug 01
Second quarter 2023 earnings released: EPS: NT$0.91 (vs NT$0.86 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.91 (up from NT$0.86 in 2Q 2022). Revenue: NT$3.25b (up 7.0% from 2Q 2022). Net income: NT$227.1m (up 5.8% from 2Q 2022). Profit margin: 7.0% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 12
Upcoming dividend of NT$2.50 per share at 4.7% yield Eligible shareholders must have bought the stock before 19 July 2023. Payment date: 09 August 2023. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (3.3%). Announcement • Jun 22
CHC Resources Corporation Announces Dividend Payment CHC Resources Corporation announced dividend of TWD 2.5 per share at its shareholder meeting held on June 21, 2023. Announcement • May 30
CHC Resources Corporation Announces Change in Representative of Institutional Director CHC Resources Corporation announced the resignation of Hung-Chang Chang as Representative of Institutional Director. Hung-Chang Chang is Chairperson of CHC Resources Corporation. The company announced the appointment of Wen-Hsien Chou as Representative of Institutional Director, effective June 1, 2023. Wen-Hsien Chou is General Superintendent of Steel Making Department, China Steel Corporation. Reported Earnings • Feb 26
Full year 2022 earnings released: EPS: NT$3.04 (vs NT$2.86 in FY 2021) Full year 2022 results: EPS: NT$3.04 (up from NT$2.86 in FY 2021). Revenue: NT$11.4b (up 5.7% from FY 2021). Net income: NT$755.4m (up 6.4% from FY 2021). Profit margin: 6.6% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year and the company’s share price has also fallen by 1% per year. Announcement • Dec 30
CHC Resources Corporation Announces President Changes CHC Resources Corporation announced the president changes as follows: Name of the previous position holder: Shih-Ho Shang Kuan; Resume of the previous position holder: President of CHC Resources Corporation; Name of the new position holder: Hsiang-Ya Huang; Resume of the new position holder: General Manager of the Raw Material Handling & Inplant Transportation Department, China Steel Corporation; Reason for the change: New appointment; Effective date of the new appointment: 01 January 2023. Announcement • Dec 24
CHC Resources Corporation Announces Executive Changes CHC Resources Corporation announced the change in representative of institutional director. Name of the previous position holder: Shih-Ho Shang Kuan. Resume of the previous position holder: President of CHC Resources Corporation. Name of the new position holder: Chih-Hong Lin. Resume of the new position holder: Assist General Manager of Raw Material Handling & Inplant Transportation Department, China Steel Corporation. Effective date of the new appointment is January 1, 2023. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: NT$0.86 (vs NT$0.65 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.86 (up from NT$0.65 in 3Q 2021). Revenue: NT$2.78b (up 2.3% from 3Q 2021). Net income: NT$214.0m (up 32% from 3Q 2021). Profit margin: 7.7% (up from 6.0% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year and the company’s share price has also fallen by 4% per year. Reported Earnings • Aug 06
Second quarter 2022 earnings released: EPS: NT$0.86 (vs NT$0.69 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.86 (up from NT$0.69 in 2Q 2021). Revenue: NT$3.03b (up 13% from 2Q 2021). Net income: NT$214.6m (up 25% from 2Q 2021). Profit margin: 7.1% (up from 6.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 3% per year. Announcement • Jul 27
CHC Resources Corporation Appoints Hung-Shu Chung¡B as Chief Information Security Officer CHC Resources Corporation announced that the appointment of Hung-Shu Chung¡B Vice President, as Chief Information Security Officer. The effective date is July 26, 2022. Upcoming Dividend • Jul 07
Upcoming dividend of NT$2.50 per share Eligible shareholders must have bought the stock before 14 July 2022. Payment date: 03 August 2022. Payout ratio is on the higher end at 89%, however this is supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Taiwanese dividend payers (6.8%). Higher than average of industry peers (4.7%). Announcement • Jun 29
CHC Resources Corporation Announces Cash Dividend, Payable on August 3, 2022 CHC Resources Corporation announced the cash dividend is TWD 2.5 per share. The total amount is TWD 621,350,920. Ex-rights (ex-dividend) trading date is July 14, 2022. Ex-rights (ex-dividend) record date is July 20, 2022. The payment date of the cash dividend is August 3, 2022. Reported Earnings • May 06
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: EPS: NT$0.75 (down from NT$0.79 in 1Q 2021). Revenue: NT$2.76b (up 6.3% from 1Q 2021). Net income: NT$185.9m (down 5.5% from 1Q 2021). Profit margin: 6.7% (down from 7.6% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.8%. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 3% per year. Reported Earnings • Feb 27
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: NT$2.86 (down from NT$3.07 in FY 2020). Revenue: NT$10.8b (up 8.0% from FY 2020). Net income: NT$710.2m (down 6.8% from FY 2020). Profit margin: 6.6% (down from 7.6% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.8%. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 6% per year. Announcement • Feb 26
CHC Resources Corporation, Annual General Meeting, Jun 23, 2022 CHC Resources Corporation, Annual General Meeting, Jun 23, 2022, at 09:00 China Standard Time. Location: No.2, Youcheng Lane, Yanhai 3rd Road Siaogang, Kaohsiung, Kaoshiung Taiwan Agenda: To consider report on the Operations of 2021; to consider Report on audit committee's review report of 2021; to consider Report on compensation for employees and remuneration for directors of 2021; to consider report on a short-form merger with 100% owned subsidiary; to consider to approve 2021 Business Report and Financial Statements; to consider approve the Proposal for Distribution of 2021 profits; and to consider other matters. Announcement • Feb 25
CHC Resources Corporation Proposes Dividend Distribution of 2021 The board of directors of CHC Resources Corporation proposed dividend of TWD 2.5 per share for the year ended December 31, 2021. Total amount of cash distributed to shareholders was TWD 621,350,920. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS NT$0.65 (vs NT$0.84 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$2.72b (up 13% from 3Q 2020). Net income: NT$162.0m (down 23% from 3Q 2020). Profit margin: 6.0% (down from 8.7% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year and the company’s share price has also fallen by 5% per year. Upcoming Dividend • Aug 19
Upcoming dividend of NT$2.00 per share Eligible shareholders must have bought the stock before 26 August 2021. Payment date: 15 September 2021. Trailing yield: 4.4%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (7.2%). Reported Earnings • Aug 05
Second quarter 2021 earnings released: EPS NT$0.69 (vs NT$0.82 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$2.70b (up 8.8% from 2Q 2020). Net income: NT$171.6m (down 16% from 2Q 2020). Profit margin: 6.4% (down from 8.2% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 7% per year. Reported Earnings • May 07
First quarter 2021 earnings released: EPS NT$0.79 (vs NT$0.62 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$2.59b (up 5.4% from 1Q 2020). Net income: NT$196.8m (up 28% from 1Q 2020). Profit margin: 7.6% (up from 6.3% 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 2% per year whereas the company’s share price has fallen by 4% per year. Announcement • Feb 26
CHC Resources Corporation, Annual General Meeting, Jun 23, 2021 CHC Resources Corporation, Annual General Meeting, Jun 23, 2021, at 09:00 Taipei Standard Time. Location: No.2, Youcheng Lane Yanhai 3rd Road, Siaogang Kaohsiung Taiwan Agenda: To consider report on the operations of 2020; to consider report on audit committee's review report of 2020; to consider report on compensation for employees and remuneration for directors of 2020; to consider report on amendments to Codes of Ethics for Directors; and to consider other matters. Reported Earnings • Feb 26
Full year 2020 earnings released: EPS NT$3.07 (vs NT$3.29 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: NT$9.97b (up 4.9% from FY 2019). Net income: NT$762.0m (down 6.7% from FY 2019). Profit margin: 7.6% (down from 8.6% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year. Is New 90 Day High Low • Dec 16
New 90-day high: NT$45.85 The company is up 2.0% from its price of NT$45.15 on 17 September 2020. The Taiwanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Basic Materials industry, which is flat over the same period. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS NT$0.84 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: NT$2.40b (up 1.8% from 3Q 2019). Net income: NT$209.8m (down 4.0% from 3Q 2019). Profit margin: 8.7% (down from 9.3% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 4% per year.