New Risk • Jun 25
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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 122% Paying a dividend despite having no free cash flows. Earnings have declined by 16% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin). Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$50.90, the stock trades at a trailing P/E ratio of 52.8x. Average trailing P/E is 42x in the Electronic industry in Taiwan. Total returns to shareholders of 23% over the past three years. New Risk • Jun 08
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.09b (US$97.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Cash payout ratio: 146% Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (NT$3.09b market cap, or US$97.8m). Upcoming Dividend • May 25
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 01 June 2026. Payment date: 29 June 2026. Payout ratio is on the higher end at 99%, and the cash payout ratio is above 100%. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (5.0%). Higher than average of industry peers (1.3%). Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to NT$58.00, the stock trades at a trailing P/E ratio of 60.1x. Average trailing P/E is 29x in the Electronic industry in Taiwan. Total returns to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to NT$46.40, the stock trades at a trailing P/E ratio of 51.8x. Average trailing P/E is 26x in the Electronic industry in Taiwan. Total loss to shareholders of 12% over the past year. New Risk • Mar 11
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 10.0% 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 (10.0% average weekly change). Minor Risks Dividend is not well covered by earnings (104% payout ratio). Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (NT$3.00b market cap, or US$94.7m). Tillkännagivande • Mar 02
Tricorntech Corporation, Annual General Meeting, May 26, 2026 Tricorntech Corporation, Annual General Meeting, May 26, 2026. Location: no,88, min ch`uan rd., banciao district, new taipei city Taiwan Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$51.00, the stock trades at a trailing P/E ratio of 56.9x. Average trailing P/E is 24x in the Electronic industry in Taiwan. Total returns to shareholders of 18% over the past year. New Risk • Jan 08
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 No financial data reported. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (NT$3.00b market cap, or US$94.9m). Board Change • Jun 13
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. was the last director to join the board, commencing their role in . The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 15
TricornTech Taiwan Corporation to Report Q1, 2025 Results on Apr 22, 2025 TricornTech Taiwan Corporation announced that they will report Q1, 2025 results on Apr 22, 2025 New Risk • Mar 13
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 No financial data reported. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (NT$3.10b market cap, or US$94.1m). Tillkännagivande • Mar 04
TricornTech Taiwan Corporation to Report Fiscal Year 2024 Results on Mar 11, 2025 TricornTech Taiwan Corporation announced that they will report fiscal year 2024 results on Mar 11, 2025 Tillkännagivande • Oct 31
TricornTech Taiwan Corporation to Report Q3, 2024 Results on Nov 06, 2024 TricornTech Taiwan Corporation announced that they will report Q3, 2024 results on Nov 06, 2024 Tillkännagivande • Jul 31
TricornTech Taiwan Corporation to Report Q2, 2024 Results on Aug 07, 2024 TricornTech Taiwan Corporation announced that they will report Q2, 2024 results on Aug 07, 2024 Tillkännagivande • May 15
TricornTech Taiwan Corporation Announces Cash Dividend, Payable on June 27, 2024 TricornTech Taiwan Corporation announced cash dividend of TWD 48,187,760 (TWD 0.8 per share). Ex-rights (Ex-dividend) date is May 30, 2024. Ex-rights (Ex-dividend) record date is June 5, 2024. Payment date of cash dividend distribution is June 27, 2024. Tillkännagivande • May 09
TricornTech Taiwan Corporation to Report Q1, 2024 Results on May 14, 2024 TricornTech Taiwan Corporation announced that they will report Q1, 2024 results on May 14, 2024 Tillkännagivande • Mar 09
TricornTech Taiwan Corporation, Annual General Meeting, May 27, 2024 TricornTech Taiwan Corporation, Annual General Meeting, May 27, 2024. Location: B1., No. 351, Sec. 2, Zhongshan Rd., Zhonghe Dist. (conference hall of AMAZING HALL) New Taipei City Taiwan Agenda: To consider 2023 business report; to consider 2023 Audit Committee review report; to consider 2023 distributable compensation for employees and directors; and to consider any other matters. Tillkännagivande • Dec 26
Tricorntech Corporation Announces Resignation of Pehong Chen as Director TricornTech Corporation announces name of the previous position holder: Director/Mr. Pehong CHEN and Resume of the previous position holder: Director of Tricorntech Corporation. Reason for the change: personal reason. Circumstances of change is resignation. Tillkännagivande • Oct 21
Tricorntech Taiwan Corporation Appoints Hu-Shih Ching as Member of the Remuneration Committee TricornTech Taiwan Corporation appointed Hu-Shih CHING as Member of the Remuneration Committee, Resume of the new position holder: Chairman, China Grain Products Research & Development Institute, Effective date of the new member: October 20, 2023. Tillkännagivande • Jun 29
TricornTech Taiwan Corporation Approves Cash Dividend, Payable on August 18, 2023 TricornTech Taiwan Corporation announced at annual general meeting held on June 28, 2023, approved total amount of cash dividend distribution: Allotment of TWD 0.07161 per share, TWD 4,036,465. Ex-rights (Ex-dividend) date is July 14, 2023. Ex-rights (Ex-dividend) record date is July 22, 2023. Payment date of cash dividend distribution is August 18, 2023. Total amount of stock dividend distribution: Allotment of TWD 0.64446 per share, TWD 36,326,880. Tillkännagivande • Jun 22
Tricorntech Taiwan Corporation Announces Death of Mr. James Chiying Yuan TricornTech Taiwan Corporation announced the Death of Mr. James Chiying YUAN. Resume of the previous position holder: Independent Director/Audit Committee/Remuneration Committee of Tricorntech Corporation. The company received this news on June 21, 2023. Tillkännagivande • May 30
TricornTech Taiwan Corporation, Annual General Meeting, May 29, 2023 TricornTech Taiwan Corporation, Annual General Meeting, May 29, 2023. Agenda: To consider profit distribution/deficit compensation; to consider amendments of the company charter; to consider business report and financial statements; to consider election for directors and supervisors; and to consider any other matters. 
