New Risk • Apr 10
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 104% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (NT$996.8m market cap, or US$31.4m). Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$0.03 (vs NT$0.059 in FY 2024) Full year 2025 results: EPS: NT$0.03 (down from NT$0.059 in FY 2024). Revenue: NT$305.4m (up 10% from FY 2024). Net income: NT$1.01m (down 49% from FY 2024). Profit margin: 0.3% (down from 0.7% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Mar 12
JSW Pacific Corporation, Annual General Meeting, Jun 23, 2026 JSW Pacific Corporation, Annual General Meeting, Jun 23, 2026. Location: b2 floor building. l no,716, chung cheng rd., jhonghe district, new taipei city Taiwan Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: NT$0.16 (vs NT$0.39 loss in 3Q 2024) Third quarter 2025 results: EPS: NT$0.16 (up from NT$0.39 loss in 3Q 2024). Revenue: NT$69.8m (up 38% from 3Q 2024). Net income: NT$5.29m (up NT$18.4m from 3Q 2024). Profit margin: 7.6% (up from net loss in 3Q 2024). 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 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 13
Second quarter 2025 earnings released: NT$0.41 loss per share (vs NT$0.15 profit in 2Q 2024) Second quarter 2025 results: NT$0.41 loss per share (down from NT$0.15 profit in 2Q 2024). Revenue: NT$73.4m (up 3.5% from 2Q 2024). Net loss: NT$13.9m (down 373% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$0.13 (vs NT$0.064 in 1Q 2024) First quarter 2025 results: EPS: NT$0.13 (up from NT$0.064 in 1Q 2024). Revenue: NT$97.0m (up 78% from 1Q 2024). Net income: NT$4.23m (up 95% from 1Q 2024). Profit margin: 4.4% (up from 4.0% in 1Q 2024). 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 42% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$0.06 (vs NT$1.84 loss in FY 2023) Full year 2024 results: EPS: NT$0.06 (up from NT$1.84 loss in FY 2023). Revenue: NT$276.8m (up 55% from FY 2023). Net income: NT$1.99m (up NT$63.9m from FY 2023). Profit margin: 0.7% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Mar 14
JSW Pacific Corporation, Annual General Meeting, Jun 18, 2025 JSW Pacific Corporation, Annual General Meeting, Jun 18, 2025, at 09:00 Taipei Standard Time. Location: b2 floor building. l no,716, chung cheng rd., jhonghe district, new taipei city Taiwan New Risk • Nov 27
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: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (NT$958.0m market cap, or US$29.5m). Reported Earnings • Nov 19
Third quarter 2024 earnings released: NT$0.39 loss per share (vs NT$0.41 loss in 3Q 2023) Third quarter 2024 results: NT$0.39 loss per share (improved from NT$0.41 loss in 3Q 2023). Revenue: NT$50.8m (up 8.6% from 3Q 2023). Net loss: NT$13.1m (loss narrowed 4.5% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.15 (vs NT$0.46 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.15 (up from NT$0.46 loss in 2Q 2023). Revenue: NT$70.9m (up 86% from 2Q 2023). Net income: NT$5.11m (up NT$20.6m from 2Q 2023). Profit margin: 7.2% (up from net loss in 2Q 2023). The move to profitability 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 36% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$60.00 (vs NT$0.56 loss in 1Q 2023) First quarter 2024 results: EPS: NT$60.00 (up from NT$0.56 loss in 1Q 2023). Revenue: NT$54.6m (up 59% from 1Q 2023). Net income: NT$2.17m (up NT$21.0m from 1Q 2023). Profit margin: 4.0% (up from net loss in 1Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 17
Full year 2023 earnings released: NT$1.84 loss per share (vs NT$0.57 loss in FY 2022) Full year 2023 results: NT$1.84 loss per share (further deteriorated from NT$0.57 loss in FY 2022). Revenue: NT$179.1m (down 42% from FY 2022). Net loss: NT$61.9m (loss widened 223% from FY 2022). Over the last 3 years on average, earnings per share has increased by 16% per year and the company’s share price has also increased by 16% per year. Announcement • Mar 16
JSW Pacific Corporation, Annual General Meeting, Jun 24, 2024 JSW Pacific Corporation, Annual General Meeting, Jun 24, 2024. New Risk • Jan 31
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 5.8% 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: Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (NT$876.6m market cap, or US$28.0m). Reported Earnings • Aug 13
Second quarter 2023 earnings released: NT$0.46 loss per share (vs NT$0.088 profit in 2Q 2022) Second quarter 2023 results: NT$0.46 loss per share (down from NT$0.088 profit in 2Q 2022). Revenue: NT$38.1m (down 56% from 2Q 2022). Net loss: NT$15.5m (down NT$18.4m from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 15% per year. Reported Earnings • Nov 16
Third quarter 2022 earnings released: NT$0.04 loss per share (vs NT$0.56 loss in 3Q 2021) Third quarter 2022 results: NT$0.04 loss per share (improved from NT$0.56 loss in 3Q 2021). Revenue: NT$80.6m (up 74% from 3Q 2021). Net loss: NT$1.49m (loss narrowed 92% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 26% per year, which means it is well ahead of 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. 12 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . 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 • Nov 13
Third quarter 2022 earnings released: NT$0.04 loss per share (vs NT$0.56 loss in 3Q 2021) Third quarter 2022 results: NT$0.04 loss per share (improved from NT$0.56 loss in 3Q 2021). Revenue: NT$80.6m (up 74% from 3Q 2021). Net loss: NT$1.49m (loss narrowed 92% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Reported Earnings • May 16
First quarter 2022 earnings released: NT$0.54 loss per share (vs NT$0.46 loss in 1Q 2021) First quarter 2022 results: NT$0.54 loss per share (down from NT$0.46 loss in 1Q 2021). Revenue: NT$37.7m (down 37% from 1Q 2021). Net loss: NT$17.9m (loss widened 9.0% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. 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. 12 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . 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 • Nov 13
Third quarter 2021 earnings released: NT$0.56 loss per share (vs NT$0.53 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: NT$46.4m (down 16% from 3Q 2020). Net loss: NT$18.9m (loss widened 6.1% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: NT$0.78 loss per share (vs NT$0.21 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: NT$41.8m (down 27% from 2Q 2020). Net loss: NT$26.2m (loss widened 258% from 2Q 2020). 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 11% per year. Reported Earnings • May 17
First quarter 2021 earnings released: NT$0.46 loss per share (vs NT$0.58 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: NT$60.1m (up 49% from 1Q 2020). Net loss: NT$16.4m (loss narrowed 21% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Announcement • Mar 17
JSW Pacific Corporation, Annual General Meeting, Jun 24, 2021 JSW Pacific Corporation, Annual General Meeting, Jun 24, 2021. Reported Earnings • Mar 16
Full year 2020 earnings released: NT$1.60 loss per share (vs NT$1.48 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: NT$207.1m (down 38% from FY 2019). Net loss: NT$55.0m (loss widened 4.5% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 12% per year. Is New 90 Day High Low • Dec 30
New 90-day high: NT$14.15 The company is up 12% from its price of NT$12.60 on 30 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 16% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: NT$0.53 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: NT$54.9m (down 25% from 3Q 2019). Net loss: NT$17.8m (loss widened 24% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 18% per year. 