Reported Earnings • May 18
First quarter 2026 earnings released: EPS: NT$2.00 (vs NT$1.00 loss in 1Q 2025) First quarter 2026 results: EPS: NT$2.00 (up from NT$1.00 loss in 1Q 2025). Revenue: NT$2.51b (up 181% from 1Q 2025). Net income: NT$272.6m (up NT$364.3m from 1Q 2025). Profit margin: 11% (up from net loss in 1Q 2025). 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 14% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 31
Full year 2025 earnings released: NT$7.62 loss per share (vs NT$5.61 loss in FY 2024) Full year 2025 results: NT$7.62 loss per share (further deteriorated from NT$5.61 loss in FY 2024). Revenue: NT$5.81b (down 8.5% from FY 2024). Net loss: NT$699.9m (loss widened 36% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Mar 16
Giga Solar Materials Corp., Annual General Meeting, Jun 12, 2026 Giga Solar Materials Corp., Annual General Meeting, Jun 12, 2026, at 09:00 Taipei Standard Time. Location: no,122-18, chung hua rd., hukou township, hsinchu county Taiwan New Risk • Jan 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 43% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change). Reported Earnings • Nov 15
Third quarter 2025 earnings released: NT$1.14 loss per share (vs NT$1.85 loss in 3Q 2024) Third quarter 2025 results: NT$1.14 loss per share (improved from NT$1.85 loss in 3Q 2024). Revenue: NT$1.51b (down 12% from 3Q 2024). Net loss: NT$104.7m (loss narrowed 38% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 13% per year. New Risk • Aug 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 43% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change). Reported Earnings • Aug 16
Second quarter 2025 earnings released: NT$6.01 loss per share (vs NT$0.17 loss in 2Q 2024) Second quarter 2025 results: NT$6.01 loss per share (further deteriorated from NT$0.17 loss in 2Q 2024). Revenue: NT$1.24b (down 45% from 2Q 2024). Net loss: NT$552.4m (loss widened NT$536.7m from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 15
First quarter 2025 earnings released: NT$1.00 loss per share (vs NT$0.50 profit in 1Q 2024) First quarter 2025 results: NT$1.00 loss per share (down from NT$0.50 profit in 1Q 2024). Revenue: NT$891.4m (down 41% from 1Q 2024). Net loss: NT$91.8m (down 299% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Announcement • May 07
Giga Solar Materials Corp. to Report Q1, 2025 Results on May 14, 2025 Giga Solar Materials Corp. announced that they will report Q1, 2025 results on May 14, 2025 New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. 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 40% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Announcement • Mar 17
Giga Solar Materials Corp., Annual General Meeting, Jun 11, 2025 Giga Solar Materials Corp., Annual General Meeting, Jun 11, 2025, at 09:00 Taipei Standard Time. Location: no,122-18, chung hua rd., hukou township, hsinchu county Taiwan Announcement • Mar 07
Giga Solar Materials Corp. to Report Fiscal Year 2024 Results on Mar 14, 2025 Giga Solar Materials Corp. announced that they will report fiscal year 2024 results on Mar 14, 2025 Reported Earnings • Nov 17
Third quarter 2024 earnings released: NT$1.85 loss per share (vs NT$0.28 loss in 3Q 2023) Third quarter 2024 results: NT$1.85 loss per share (further deteriorated from NT$0.28 loss in 3Q 2023). Revenue: NT$1.73b (up 189% from 3Q 2023). Net loss: NT$169.8m (loss widened NT$144.1m from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 21% per year. Announcement • Nov 06
Giga Solar Materials Corp. to Report Q3, 2024 Results on Nov 13, 2024 Giga Solar Materials Corp. announced that they will report Q3, 2024 results on Nov 13, 2024 New Risk • Aug 31
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 27% per year over the past 5 years. Reported Earnings • Aug 17
Second quarter 2024 earnings released: NT$0.17 loss per share (vs NT$1.89 loss in 2Q 2023) Second quarter 2024 results: NT$0.17 loss per share (improved from NT$1.89 loss in 2Q 2023). Revenue: NT$2.27b (up 307% from 2Q 2023). Net loss: NT$15.7m (loss narrowed 91% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Aug 07
Giga Solar Materials Corp. to Report Q2, 2024 Results on Aug 14, 2024 Giga Solar Materials Corp. announced that they will report Q2, 2024 results on Aug 14, 2024 Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.50 (vs NT$1.93 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.50 (up from NT$1.93 loss in 1Q 2023). Revenue: NT$1.52b (up 96% from 1Q 2023). Net income: NT$46.0m (up NT$223.2m from 1Q 2023). Profit margin: 3.0% (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 66 percentage points per year, which is a significant difference in performance. Announcement • May 09
Giga Solar Materials Corp. to Report Q1, 2024 Results on May 14, 2024 Giga Solar Materials Corp. announced that they will report Q1, 2024 results on May 14, 2024 New Risk • Apr 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.9% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.3% average weekly change). Reported Earnings • Apr 02
Full year 2023 earnings released: NT$8.82 loss per share (vs NT$6.14 loss in FY 2022) Full year 2023 results: NT$8.82 loss per share (further deteriorated from NT$6.14 loss in FY 2022). Revenue: NT$2.96b (down 48% from FY 2022). Net loss: NT$810.6m (loss widened 64% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Announcement • Mar 16
Giga Solar Materials Corp., Annual General Meeting, Jun 07, 2024 Giga Solar Materials Corp., Annual General Meeting, Jun 07, 2024. Agenda: TO consider Cause for convening the meeting Reported matters:; TO consider 2023 business report; TO consider Audit Committee's review of the 2023 annual final accounting ledgers and statements; TO consider Report on 2023 directors' remuneration; TO consider Report on the Company's private placement of marketable securities; TO consider Cause for convening the meeting. Reported Earnings • Nov 18
Third quarter 2022 earnings released: NT$2.00 loss per share (vs NT$1.58 loss in 3Q 2021) Third quarter 2022 results: NT$2.00 loss per share (further deteriorated from NT$1.58 loss in 3Q 2021). Revenue: NT$1.40b (down 15% from 3Q 2021). Net loss: NT$157.4m (loss widened 33% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
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. 11 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Shiwei Luo was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Sep 15
Giga Solar Materials Corp. announced that it has received TWD 643.655805 million in funding from Gigastorage Corporation On September 13, 2022, Giga Solar Materials Corp. closed the transaction. Reported Earnings • Aug 16
Second quarter 2022 earnings released: NT$0.88 loss per share (vs NT$1.47 loss in 2Q 2021) Second quarter 2022 results: NT$0.88 loss per share (up from NT$1.47 loss in 2Q 2021). Revenue: NT$1.68b (down 11% from 2Q 2021). Net loss: NT$67.1m (loss narrowed 30% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
First quarter 2022 earnings released: EPS: NT$0.66 (vs NT$0.67 in 1Q 2021) First quarter 2022 results: EPS: NT$0.66. Revenue: NT$1.55b (down 26% from 1Q 2021). Net income: NT$50.2m (up 15% from 1Q 2021). Profit margin: 3.2% (up from 2.1% in 1Q 2021). The increase in margin was driven by lower expenses. 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 an independent director. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Shiwei Luo was the last independent director to join the board, commencing their role in 2019. 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 • Apr 03
Full year 2021 earnings released: NT$5.34 loss per share (vs NT$3.18 profit in FY 2020) Full year 2021 results: NT$5.34 loss per share (down from NT$3.18 profit in FY 2020). Revenue: NT$7.63b (down 14% from FY 2020). Net loss: NT$375.5m (down 288% from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 13
Third quarter 2021 earnings released: NT$1.58 loss per share (vs NT$4.02 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: NT$1.65b (down 39% from 3Q 2020). Net loss: NT$118.8m (down 147% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
Second quarter 2021 earnings released: NT$1.47 loss per share (vs NT$0.89 loss in 2Q 2020) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: NT$1.88b (up 5.2% from 2Q 2020). Net loss: NT$95.9m (loss widened 72% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 13
Upcoming dividend of NT$1.73 per share Eligible shareholders must have bought the stock before 20 August 2021. Payment date: 08 September 2021. Trailing yield: 1.0%. Lower than top quartile of Taiwanese dividend payers (5.1%). Lower than average of industry peers (2.2%). Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improved over the past week After last week's 20% share price gain to NT$235, the stock trades at a trailing P/E ratio of 49.6x. Average trailing P/E is 27x in the Semiconductor industry in Taiwan. Total returns to shareholders of 63% over the past three years. Announcement • Jun 16
Giga Solar Materials Corp. announced that it has received TWD 995.2 million in funding from Hyield Venture Capital Co., Ltd. Giga Solar Materials Corp. (TPEX:3691) announced private placement of 8,000,000 shares at a price of TWD 124.4 per share for gross proceeds of TWD 995,200,000 with new investor Hyield Venture Capital Co., Ltd. on June 15, 2021. The investor acquired 10.54% stake in the company. The shares issued are subject to hold period of 3 years. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improved over the past week After last week's 15% share price gain to NT$176, the stock trades at a trailing P/E ratio of 37.3x. Average forward P/E is 16x in the Semiconductor industry in Taiwan. Total returns to shareholders of 5.8% over the past three years. Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$0.67 (vs NT$0.89 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$2.10b (up 12% from 1Q 2020). Net income: NT$43.8m (up NT$100.0m from 1Q 2020). Profit margin: 2.1% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS NT$3.18 (vs NT$3.07 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: NT$8.83b (up 12% from FY 2019). Net income: NT$200.2m (up 6.0% from FY 2019). Profit margin: 2.3% (down from 2.4% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Mar 17
Giga Solar Materials Corp., Annual General Meeting, Jun 04, 2021 Giga Solar Materials Corp., Annual General Meeting, Jun 04, 2021. Is New 90 Day High Low • Feb 03
New 90-day low: NT$174 The company is down 13% from its price of NT$199 on 05 November 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$12.48 per share. Is New 90 Day High Low • Jan 07
New 90-day high: NT$218 The company is up 56% from its price of NT$139 on 08 October 2020. The Taiwanese market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is NT$12.45 per share. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$4.02 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$2.72b (up 55% from 3Q 2019). Net income: NT$252.7m (up 207% from 3Q 2019). Profit margin: 9.3% (up from 4.7% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 06
New 90-day high: NT$199 The company is up 85% from its price of NT$108 on 07 August 2020. The Taiwanese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 3.0% over the same period. Is New 90 Day High Low • Oct 12
New 90-day high: NT$153 The company is up 33% from its price of NT$115 on 14 July 2020. The Taiwanese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 19% over the same period. Is New 90 Day High Low • Sep 24
New 90-day high: NT$141 The company is up 56% from its price of NT$90.20 on 24 June 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 26% over the same period.