Reported Earnings • May 08
First quarter 2026 earnings released: EPS: NT$0.095 (vs NT$0.30 loss in 1Q 2025) First quarter 2026 results: EPS: NT$0.095 (up from NT$0.30 loss in 1Q 2025). Revenue: NT$1.69b (up 40% from 1Q 2025). Net income: NT$35.7m (up NT$149.2m from 1Q 2025). Profit margin: 2.1% (up from net loss in 1Q 2025). 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 105 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 04
Full year 2025 earnings released: NT$1.05 loss per share (vs NT$0.71 loss in FY 2024) Full year 2025 results: NT$1.05 loss per share (further deteriorated from NT$0.71 loss in FY 2024). Revenue: NT$5.56b (up 3.5% from FY 2024). Net loss: NT$394.3m (loss widened 49% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Announcement • Feb 26
Lingsen Precision Industries, Ltd., Annual General Meeting, May 28, 2026 Lingsen Precision Industries, Ltd., Annual General Meeting, May 28, 2026. Location: 5 floor no,5-1, nan erh rd., tanzih district, taichung city Taiwan New Risk • Nov 14
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 Risk Earnings have declined by 48% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Reported Earnings • Aug 08
Second quarter 2025 earnings released: NT$0.36 loss per share (vs NT$0.14 loss in 2Q 2024) Second quarter 2025 results: NT$0.36 loss per share (further deteriorated from NT$0.14 loss in 2Q 2024). Revenue: NT$1.37b (flat on 2Q 2024). Net loss: NT$135.3m (loss widened 149% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 127 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jul 28
Upcoming dividend of NT$0.30 per share Eligible shareholders must have bought the stock before 04 August 2025. Payment date: 29 August 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Taiwanese dividend payers (5.3%). In line with average of industry peers (2.1%). Declared Dividend • Jun 09
Dividend of NT$0.30 announced Dividend of NT$0.30 is the same as last year. Ex-date: 4th August 2025 Payment date: 29th August 2025 Dividend yield will be 2.0%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (38% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • May 30
Lingsen Precision Industries, Ltd. Approves Board Elections Lingsen Precision Industries, Ltd. at its 2025 shareholders' meeting held on May 29, 2025, approved election of Te-Tung Yeh as Director and Yu-Hsien Lee, Shun-Te Wen, and Kuei-Yuan Wang as Independent Directors. New Risk • May 28
New major risk - Revenue and earnings growth Earnings have declined by 16% 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 16% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making. Announcement • Apr 30
Lingsen Precision Industries, Ltd. to Report Q1, 2025 Results on May 07, 2025 Lingsen Precision Industries, Ltd. announced that they will report Q1, 2025 results on May 07, 2025 Announcement • Feb 25
Lingsen Precision Industries, Ltd., Annual General Meeting, May 29, 2025 Lingsen Precision Industries, Ltd., Annual General Meeting, May 29, 2025. Location: 5 floor no,5-1, nan erh rd., tanzih district, taichung city Taiwan Announcement • Feb 15
Lingsen Precision Industries, Ltd. to Report Q4, 2024 Results on Feb 24, 2025 Lingsen Precision Industries, Ltd. announced that they will report Q4, 2024 results on Feb 24, 2025 New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 09
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: NT$1.37b (down 8.6% from 3Q 2023). Net loss: NT$94.0m (loss widened NT$78.5m from 3Q 2023). Announcement • Oct 30
Lingsen Precision Industries, Ltd. to Report Q3, 2024 Results on Nov 06, 2024 Lingsen Precision Industries, Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024 Reported Earnings • Aug 16
Second quarter 2024 earnings released: NT$0.15 loss per share (vs NT$0.004 profit in 2Q 2023) Second quarter 2024 results: NT$0.15 loss per share (down from NT$0.004 profit in 2Q 2023). Revenue: NT$1.37b (down 4.9% from 2Q 2023). Net loss: NT$54.4m (down NT$55.7m from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Announcement • Jul 31
Lingsen Precision Industries, Ltd. to Report Q2, 2024 Results on Aug 07, 2024 Lingsen Precision Industries, Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024 Upcoming Dividend • Jul 25
Upcoming dividend of NT$0.30 per share Eligible shareholders must have bought the stock before 01 August 2024. Payment date: 28 August 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Taiwanese dividend payers (4.3%). Lower than average of industry peers (2.0%). Declared Dividend • Jun 01
Dividend of NT$0.30 announced Dividend of NT$0.30 is the same as last year. Ex-date: 1st August 2024 Payment date: 28th August 2024 Dividend yield will be 1.2%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (27% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • May 31
Lingsen Precision Industries, Ltd. Announces Cash Dividend, Payable on August 28, 2024 Lingsen Precision Industries, Ltd. announced the cash distribution from capital surplus of TWD 114,030,704, each share is entitled to receive TWD 0.3. Ex-rights (ex-dividend) trading date is on August 01, 2024 with Ex-rights (ex-dividend) record date is on August 07, 2024. Payment date of common stock cash dividend distribution on August 28, 2024. Reported Earnings • May 10
First quarter 2024 earnings released: NT$0.092 loss per share (vs NT$0.25 loss in 1Q 2023) First quarter 2024 results: NT$0.092 loss per share (improved from NT$0.25 loss in 1Q 2023). Revenue: NT$1.35b (up 7.6% from 1Q 2023). Net loss: NT$33.9m (loss narrowed 64% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Announcement • Apr 26
Lingsen Precision Industries, Ltd. to Report Q1, 2024 Results on May 02, 2024 Lingsen Precision Industries, Ltd. announced that they will report Q1, 2024 results on May 02, 2024 Reported Earnings • Mar 05
Full year 2023 earnings released: NT$0.42 loss per share (vs NT$0.56 profit in FY 2022) Full year 2023 results: NT$0.42 loss per share (down from NT$0.56 profit in FY 2022). Revenue: NT$5.66b (down 5.8% from FY 2022). Net loss: NT$156.5m (down 176% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • Feb 27
Lingsen Precision Industries, Ltd., Annual General Meeting, May 30, 2024 Lingsen Precision Industries, Ltd., Annual General Meeting, May 30, 2024. Location: 5F, NO.5-1, South 2nd Road, Tanzi Dist., Taichung City Taiwan Agenda: To consider 2023 Business Report; to consider report by Audit Committee on the examination of 2023 financial statements; to consider communication status between Audit Committee and internal audit supervisor; to consider report on the condition of the company's endorsement and guarantees for other company; and to consider other matters to be reported. Reported Earnings • Nov 08
Third quarter 2023 earnings released: NT$0.041 loss per share (vs NT$0.084 loss in 3Q 2022) Third quarter 2023 results: NT$0.041 loss per share (improved from NT$0.084 loss in 3Q 2022). Revenue: NT$1.50b (up 10% from 3Q 2022). Net loss: NT$15.5m (loss narrowed 51% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 23
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 8.1% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: NT$0.003 (vs NT$0.25 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.003 (down from NT$0.25 in 2Q 2022). Revenue: NT$1.44b (down 13% from 2Q 2022). Net income: NT$1.31m (down 99% from 2Q 2022). Profit margin: 0.1% (down from 5.6% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 24
Upcoming dividend of NT$0.30 per share at 1.7% yield Eligible shareholders must have bought the stock before 31 July 2023. Payment date: 25 August 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (3.2%). Announcement • May 31
Lingsen Precision Industries, Ltd. Announces Cash Dividend, Payable on August 25, 2023 Lingsen Precision Industries, Ltd. announced cash dividends to common shareholders is TWD 114,030,704. Ex-rights (ex-dividend) trading date is July 31, 2023. Ex-rights (ex-dividend) record date is August 6, 2023. The cash dividend will be payable on August 25, 2023.Lingsen Precision Industries, Ltd. announced cash dividends to common shareholders is TWD 490,000,000. Ex-rights (ex-dividend) trading date is August 4, 2022. Ex-rights (ex-dividend) record date is August 10, 2022. The cash dividend will be payable on August 31, 2022. Buying Opportunity • May 11
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 5.6%. The fair value is estimated to be NT$17.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$15.15, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 13x in the Semiconductor industry in Taiwan. Total returns to shareholders of 57% over the past three years. Price Target Changed • Nov 16
Price target decreased to NT$16.00 Down from NT$27.00, the current price target is provided by 1 analyst. New target price is 13% above last closing price of NT$14.15. Stock is down 47% over the past year. The company is forecast to post earnings per share of NT$1.81 for next year compared to NT$2.35 last year. 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. 7 experienced directors. 2 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Feng-Hsien Shih was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$12.35, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Semiconductor industry in Taiwan. Total returns to shareholders of 45% over the past three years. Reported Earnings • Aug 10
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: NT$0.25 (down from NT$0.51 in 2Q 2021). Revenue: NT$1.65b (down 17% from 2Q 2021). Net income: NT$92.6m (down 51% from 2Q 2021). Profit margin: 5.6% (down from 9.5% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 43%. Over the next year, revenue is forecast to grow 1.0%, compared to a 20% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 28
Upcoming dividend of NT$1.29 per share Eligible shareholders must have bought the stock before 04 August 2022. Payment date: 31 August 2022. Trailing yield: 7.7%. Within top quartile of Taiwanese dividend payers (6.7%). Higher than average of industry peers (3.6%). Reported Earnings • May 09
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: NT$0.36 (up from NT$0.29 in 1Q 2021). Revenue: NT$1.76b (up 3.0% from 1Q 2021). Net income: NT$134.3m (up 25% from 1Q 2021). Profit margin: 7.6% (up from 6.3% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 5.9%. Over the next year, revenue is forecast to stay flat compared to a 24% growth forecast for the industry in Taiwan. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target decreased to NT$24.00 Down from NT$27.00, the current price target is provided by 1 analyst. New target price is 14% above last closing price of NT$21.10. Stock is up 7.7% over the past year. The company is forecast to post earnings per share of NT$1.93 for next year compared to NT$2.35 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Feng-Hsien Shih was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS NT$0.79 (vs NT$0.006 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$2.06b (up 51% from 3Q 2020). Net income: NT$294.9m (up NT$297.2m from 3Q 2020). Profit margin: 14% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS NT$0.51 (vs NT$0.14 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$1.99b (up 55% from 2Q 2020). Net income: NT$189.3m (up NT$243.1m from 2Q 2020). Profit margin: 9.5% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 08
First quarter 2021 earnings released: EPS NT$0.29 (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$1.71b (up 34% from 1Q 2020). Net income: NT$107.8m (up NT$162.8m from 1Q 2020). Profit margin: 6.3% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Mar 20
Full year 2020 earnings released: NT$0.44 loss per share (vs NT$1.47 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: NT$5.46b (up 16% from FY 2019). Net loss: NT$164.3m (loss narrowed 70% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 22
New 90-day high: NT$16.10 The company is up 33% from its price of NT$12.10 on 24 November 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 32% over the same period. Is New 90 Day High Low • Jan 13
New 90-day high: NT$15.55 The company is up 41% from its price of NT$11.05 on 15 October 2020. The Taiwanese market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 29% over the same period. Is New 90 Day High Low • Nov 25
New 90-day high: NT$12.15 The company is up 5.0% from its price of NT$11.55 on 27 August 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 14% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: NT$0.01 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: NT$1.37b (up 5.0% from 3Q 2019). Net loss: NT$2.35m (loss narrowed 97% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 73% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. 
