Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$53.70, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 13x in the Real Estate industry in Taiwan. Total loss to shareholders of 1.9% over the past three years. Declared Dividend • May 30
Dividend of NT$2.78 announced Shareholders will receive a dividend of NT$2.78. Ex-date: 22nd July 2026 Payment date: 12th August 2026 Dividend yield will be 6.0%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (108% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 19% to bring the payout ratio under control. However, EPS has declined by 11% over the last 5 years so the company would need to reverse this trend. Buy Or Sell Opportunity • May 18
Now 21% overvalued Over the last 90 days, the stock has fallen 17% to NT$48.55. The fair value is estimated to be NT$40.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 19%. Reported Earnings • Apr 28
First quarter 2026 earnings released: EPS: NT$0.87 (vs NT$1.35 in 1Q 2025) First quarter 2026 results: EPS: NT$0.87 (down from NT$1.35 in 1Q 2025). Revenue: NT$740.0m (down 19% from 1Q 2025). Net income: NT$188.2m (down 36% from 1Q 2025). Profit margin: 25% (down from 32% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 11
Full year 2025 earnings released: EPS: NT$3.07 (vs NT$16.03 in FY 2024) Full year 2025 results: EPS: NT$3.07 (down from NT$16.03 in FY 2024). Revenue: NT$2.53b (down 75% from FY 2024). Net income: NT$667.7m (down 81% from FY 2024). Profit margin: 26% (down from 35% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year. Announcement • Mar 10
Yungshin Construction & Development Co.,Ltd., Annual General Meeting, May 27, 2026 Yungshin Construction & Development Co.,Ltd., Annual General Meeting, May 27, 2026, at 09:00 Taipei Standard Time. Location: 6 floor no,183, liu ho rd., sinsing district, kaohsiung city Taiwan Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$65.00, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 13x in the Real Estate industry in Taiwan. Total returns to shareholders of 52% over the past three years. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: NT$0.50 (vs NT$4.94 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.50 (down from NT$4.94 in 3Q 2024). Revenue: NT$450.0m (down 85% from 3Q 2024). Net income: NT$108.6m (down 90% from 3Q 2024). Profit margin: 24% (down from 36% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to NT$89.20, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 12x in the Real Estate industry in Taiwan. Total returns to shareholders of 84% over the past three years. Reported Earnings • Jul 31
Second quarter 2025 earnings released: EPS: NT$0.40 (vs NT$4.78 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.40 (down from NT$4.78 in 2Q 2024). Revenue: NT$396.4m (down 87% from 2Q 2024). Net income: NT$87.8m (down 92% from 2Q 2024). Profit margin: 22% (down from 35% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$106, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 11x in the Real Estate industry in Taiwan. Total returns to shareholders of 153% over the past three years. Upcoming Dividend • Jul 09
Upcoming dividend of NT$14.43 per share Eligible shareholders must have bought the stock before 16 July 2025. Payment date: 06 August 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 12%. Within top quartile of Taiwanese dividend payers (5.3%). Higher than average of industry peers (3.9%). Declared Dividend • Jun 13
Dividend increased to NT$14.43 Dividend of NT$14.43 is 28% higher than last year. Ex-date: 16th July 2025 Payment date: 6th August 2025 Dividend yield will be 11%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (116% earnings payout ratio) nor is it covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 29% to bring the payout ratio under control, which is less than the 47% EPS growth achieved over the last 5 years. Reported Earnings • May 07
First quarter 2025 earnings released: EPS: NT$1.35 (vs NT$4.90 in 1Q 2024) First quarter 2025 results: EPS: NT$1.35 (down from NT$4.90 in 1Q 2024). Revenue: NT$909.7m (down 70% from 1Q 2024). Net income: NT$294.5m (down 72% from 1Q 2024). Profit margin: 32% (down from 35% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 24% per year. Announcement • Apr 19
Yungshin Construction & Development Co.,Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Yungshin Construction & Development Co.,Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to NT$112, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 11x in the Real Estate industry in Taiwan. Total returns to shareholders of 104% over the past three years. Reported Earnings • Mar 07
Full year 2024 earnings released: EPS: NT$16.03 (vs NT$12.55 in FY 2023) Full year 2024 results: EPS: NT$16.03 (up from NT$12.55 in FY 2023). Revenue: NT$10.0b (up 22% from FY 2023). Net income: NT$3.48b (up 28% from FY 2023). Profit margin: 35% (up from 33% 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 32% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Feb 26
Yungshin Construction & Development Co.,Ltd., Annual General Meeting, Jun 11, 2025 Yungshin Construction & Development Co.,Ltd., Annual General Meeting, Jun 11, 2025, at 09:00 Taipei Standard Time. Location: 12 floor no,183, liu ho rd., sinsing district, kaohsiung city Taiwan Announcement • Feb 15
Yungshin Construction & Development Co.,Ltd. to Report Q4, 2024 Results on Feb 24, 2025 Yungshin Construction & Development Co.,Ltd. announced that they will report Q4, 2024 results on Feb 24, 2025 Announcement • Jan 08
Yungshin Construction & Development Co.,Ltd. (TPEX:5508) agreed to acquire Zhongda Development Enterprise Co., Ltd. for approximately TWD 820 million. Yungshin Construction & Development Co.,Ltd. (TPEX:5508) agreed to acquire Zhongda Development Enterprise Co., Ltd. from Yung-Shuo Investment Co., Ltd. for approximately TWD 820 million on January 7, 2025.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board. 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. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.6% average weekly change). Buy Or Sell Opportunity • Dec 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 46% to NT$140. The fair value is estimated to be NT$176, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: NT$4.94 (vs NT$3.29 in 3Q 2023) Third quarter 2024 results: EPS: NT$4.94 (up from NT$3.29 in 3Q 2023). Revenue: NT$3.02b (up 41% from 3Q 2023). Net income: NT$1.07b (up 50% from 3Q 2023). Profit margin: 36% (up from 33% 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 34% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 19
Yungshin Construction & Development Co.,Ltd. to Report Q3, 2024 Results on Oct 28, 2024 Yungshin Construction & Development Co.,Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024 New Risk • Sep 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risks High level of debt (77% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to NT$213, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 17x in the Real Estate industry in Taiwan. Total returns to shareholders of 363% over the past three years. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: NT$4.78 (vs NT$2.77 in 2Q 2023) Second quarter 2024 results: EPS: NT$4.78 (up from NT$2.77 in 2Q 2023). Revenue: NT$2.93b (up 63% from 2Q 2023). Net income: NT$1.04b (up 73% from 2Q 2023). Profit margin: 35% (up from 33% 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 29% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to NT$247, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 20x in the Real Estate industry in Taiwan. Total returns to shareholders of 554% over the past three years. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$264, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 22x in the Real Estate industry in Taiwan. Total returns to shareholders of 643% over the past three years. Upcoming Dividend • Jul 03
Upcoming dividend of NT$11.29 per share Eligible shareholders must have bought the stock before 10 July 2024. Payment date: 31 July 2024. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Taiwanese dividend payers (4.2%). Higher than average of industry peers (2.7%). Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$247, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 19x in the Real Estate industry in Taiwan. Total returns to shareholders of 560% over the past three years. Declared Dividend • Jun 14
Dividend increased to NT$11.29 Dividend of NT$11.29 is 78% higher than last year. Ex-date: 10th July 2024 Payment date: 31st July 2024 Dividend yield will be 5.4%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (69% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 44% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 18
First quarter 2024 earnings released: EPS: NT$4.90 (vs NT$1.19 in 1Q 2023) First quarter 2024 results: EPS: NT$4.90 (up from NT$1.19 in 1Q 2023). Revenue: NT$3.08b (up 303% from 1Q 2023). Net income: NT$1.07b (up 312% from 1Q 2023). Profit margin: 35% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to NT$226, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 25x in the Real Estate industry in Taiwan. Total returns to shareholders of 486% over the past three years. Buy Or Sell Opportunity • Apr 30
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 121% to NT$205. The fair value is estimated to be NT$158, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 21%. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$167, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 22x in the Real Estate industry in Taiwan. Total returns to shareholders of 341% over the past three years. Buy Or Sell Opportunity • Mar 22
Now 20% undervalued Over the last 90 days, the stock has risen 39% to NT$125. The fair value is estimated to be NT$157, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 21%. Reported Earnings • Mar 09
Full year 2023 earnings released: EPS: NT$12.55 (vs NT$7.05 in FY 2022) Full year 2023 results: EPS: NT$12.55 (up from NT$7.05 in FY 2022). Revenue: NT$8.23b (up 99% from FY 2022). Net income: NT$2.73b (up 78% from FY 2022). Profit margin: 33% (down from 37% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Feb 27
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to NT$104. The fair value is estimated to be NT$85.98, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 22%. Announcement • Feb 27
Yungshin Construction & Development Co.,Ltd., Annual General Meeting, Jun 12, 2024 Yungshin Construction & Development Co.,Ltd., Annual General Meeting, Jun 12, 2024. Location: Auditorium, 12F No.183, Liu-He Rd., Xinxing Dist Kaohsiung Taiwan Agenda: To consider 2023 Business Report; to consider 2023 Audit Committee's Review Report; to consider 2023 Profit Sharing Compensation Report; to consider 2023 Earnings Distribution Report; to consider 2023 Issued Corporate Bond Report; to consider Directors Remuneration Report; to consider Report on Other Material Matters. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: NT$3.29 (vs NT$2.94 in 3Q 2022) Third quarter 2023 results: EPS: NT$3.29 (up from NT$2.94 in 3Q 2022). Revenue: NT$2.14b (up 32% from 3Q 2022). Net income: NT$715.4m (up 12% from 3Q 2022). Profit margin: 33% (down from 39% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: NT$2.77 (vs NT$0.79 in 2Q 2022) Second quarter 2023 results: EPS: NT$2.77 (up from NT$0.79 in 2Q 2022). Revenue: NT$1.80b (up 282% from 2Q 2022). Net income: NT$602.0m (up 251% from 2Q 2022). Profit margin: 33% (down from 36% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 31% per year. Upcoming Dividend • Jun 28
Upcoming dividend of NT$6.35 per share at 8.9% yield Eligible shareholders must have bought the stock before 05 July 2023. Payment date: 26 July 2023. Payout ratio is on the higher end at 100% but the company is not cash flow positive. Trailing yield: 8.9%. Within top quartile of Taiwanese dividend payers (5.5%). Higher than average of industry peers (5.3%). Announcement • Jun 13
Yungshin Construction & Development Co.,Ltd. Announces Cash Dividend, Payable on July 26, 2023 Yungshin Construction & Development Co.,Ltd. announced Cash dividends to common share holders: TWD 6.3454 per share, totaling TWD 1,379,668,475. Ex-rights (Ex-dividend) date: July 5, 2023. Ex-rights (Ex-dividend) record date: July 11 2023. Payment date of cash dividend distribution: July 26, 2023. Reported Earnings • Mar 15
Full year 2022 earnings released: EPS: NT$7.05 (vs NT$8.90 in FY 2021) Full year 2022 results: EPS: NT$7.05 (down from NT$8.90 in FY 2021). Revenue: NT$4.13b (down 32% from FY 2021). Net income: NT$1.53b (down 21% from FY 2021). Profit margin: 37% (up from 32% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 08
Third quarter 2022 earnings released: EPS: NT$2.94 (vs NT$1.44 in 3Q 2021) Third quarter 2022 results: EPS: NT$2.94. Revenue: NT$1.63b (up 55% from 3Q 2021). Net income: NT$0 (down NT$313.1m from profit in 3Q 2021). Profit margin: 0% (down from 30% in 3Q 2021). The decrease in margin was driven by higher expenses. Announcement • Nov 01
Yungshin Construction & Development Co.,Ltd. Announces Executive Changes Yungshin Construction & Development Co.,Ltd. announced the change in company personnel. Name, title, and resume of the previous position holder: Principal accounting officer- Chen-Ling Yu, internal audit officer of YCDC; Corporate governance officer- Yi-Chun Chen, spokesperson of YCDC; and Internal audit officer- Chih-Ting Chen, corporate governance staff of YCDC. Effective date October 31, 2022. Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: NT$0.79 (vs NT$2.40 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.79 (down from NT$2.40 in 2Q 2021). Revenue: NT$472.6m (down 71% from 2Q 2021). Net income: NT$171.8m (down 67% from 2Q 2021). Profit margin: 36% (up from 32% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$57.60, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 11x in the Real Estate industry in Taiwan. Total returns to shareholders of 139% over the past three years. Upcoming Dividend • Jun 29
Upcoming dividend of NT$8.01 per share Eligible shareholders must have bought the stock before 06 July 2022. Payment date: 27 July 2022. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 12%. Within top quartile of Taiwanese dividend payers (6.3%). Higher than average of industry peers (5.7%). Announcement • Jun 10
Yungshin Construction & Development Co.,Ltd. Announces Cash Dividend, Payable on July 27, 2022 Yungshin Construction & Development Co.,Ltd. announced cash dividend of TWD 8.0061 per share totaling TWD 1,740,751,376. With an ex-dividend date of July 6, 2022, record date of July 12, 2022 and payment date of July 27, 2022. Reported Earnings • May 04
First quarter 2022 earnings released: EPS: NT$1.89 (vs NT$1.22 in 1Q 2021) First quarter 2022 results: EPS: NT$1.89 (up from NT$1.22 in 1Q 2021). Revenue: NT$1.15b (up 28% from 1Q 2021). Net income: NT$411.6m (up 55% from 1Q 2021). Profit margin: 36% (up from 30% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% 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 • 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. 6 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Chiao Lin Sung was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: NT$8.90 (up from NT$3.72 in FY 2020). Revenue: NT$6.04b (up 96% from FY 2020). Net income: NT$1.93b (up 140% from FY 2020). Profit margin: 32% (up from 26% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 31
Upcoming dividend of NT$3.34 per share Eligible shareholders must have bought the stock before 07 September 2021. Payment date: 30 September 2021. Trailing yield: 6.1%. Within top quartile of Taiwanese dividend payers (5.2%). Higher than average of industry peers (4.7%). Reported Earnings • Aug 05
Second quarter 2021 earnings released: EPS NT$2.39 (vs NT$0.68 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.62b (up 160% from 2Q 2020). Net income: NT$520.7m (up 255% from 2Q 2020). Profit margin: 32% (up from 24% in 2Q 2020). 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 18% per year. Reported Earnings • May 04
First quarter 2021 earnings released: EPS NT$1.22 (vs NT$0.20 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$896.9m (up 197% from 1Q 2020). Net income: NT$264.8m (up NT$221.2m from 1Q 2020). Profit margin: 30% (up from 14% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 09
Yungshin Construction & Development Co.,Ltd., Annual General Meeting, Jun 16, 2021 Yungshin Construction & Development Co.,Ltd., Annual General Meeting, Jun 16, 2021. Reported Earnings • Mar 03
Full year 2020 earnings released: EPS NT$3.71 (vs NT$2.00 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$3.09b (up 32% from FY 2019). Net income: NT$807.7m (up 86% from FY 2019). Profit margin: 26% (up from 19% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Dec 02
New 90-day high: NT$42.65 The company is up 12% from its price of NT$38.10 on 03 September 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 6.0% over the same period. Reported Earnings • Nov 03
Third quarter 2020 earnings released: EPS NT$1.07 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$934.6m (up 110% from 3Q 2019). Net income: NT$233.1m (up 229% from 3Q 2019). Profit margin: 25% (up from 16% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. 
