Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to NT$98.80, the stock trades at a trailing P/E ratio of 53.5x. Average trailing P/E is 17x in the Luxury industry in Taiwan. Total returns to shareholders of 809% over the past three years. Reported Earnings • Mar 28
Full year 2025 earnings released: EPS: NT$1.85 (vs NT$0.92 in FY 2024) Full year 2025 results: EPS: NT$1.85 (up from NT$0.92 in FY 2024). Revenue: NT$2.27b (up 52% from FY 2024). Net income: NT$657.6m (up 106% from FY 2024). Profit margin: 29% (up from 21% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 96% per year whereas the company’s share price has increased by 97% per year. Duyuru • Mar 11
Wiselink Co., Ltd., Annual General Meeting, Jun 26, 2026 Wiselink Co., Ltd., Annual General Meeting, Jun 26, 2026. Location: 5 floor no,2, sec.3 pa to rd., songshan district, taipei city Taiwan Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: NT$1.18 (vs NT$0.19 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.18 (up from NT$0.19 in 3Q 2024). Revenue: NT$565.9m (up 234% from 3Q 2024). Net income: NT$210.2m (up NT$177.1m from 3Q 2024). Profit margin: 37% (up from 20% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 105% per year whereas the company’s share price has increased by 109% per year. Upcoming Dividend • Sep 01
Upcoming dividend of NT$0.28 per share Eligible shareholders must have bought the stock before 08 September 2025. Payment date: 30 September 2025. Payout ratio is a comfortable 0.6% and this is well supported by cash flows. The company last paid an ordinary dividend in March 2019. The average dividend yield among industry peers is 4.6%. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: NT$0.96 (vs NT$0.51 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.96 (up from NT$0.51 in 2Q 2024). Revenue: NT$634.1m (up 60% from 2Q 2024). Net income: NT$158.4m (up 93% from 2Q 2024). Profit margin: 25% (up from 21% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has increased by 142% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 04
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 8.6% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$119, the stock trades at a trailing P/E ratio of 48.8x. Average trailing P/E is 16x in the Luxury industry in Taiwan. Total returns to shareholders of 812% over the past three years. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$0.90 (vs NT$0.39 in 1Q 2024) First quarter 2025 results: EPS: NT$0.90 (up from NT$0.39 in 1Q 2024). Revenue: NT$518.2m (up 70% from 1Q 2024). Net income: NT$145.0m (up 140% from 1Q 2024). Profit margin: 28% (up from 20% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 98% per year, which means it is significantly lagging earnings growth. Duyuru • May 01
Wiselink Co., Ltd. to Report Q1, 2025 Results on May 08, 2025 Wiselink Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to NT$81.40, the stock trades at a trailing P/E ratio of 41.2x. Average trailing P/E is 17x in the Luxury industry in Taiwan. Total returns to shareholders of 519% over the past three years. Reported Earnings • Apr 02
Full year 2024 earnings released: EPS: NT$2.00 (vs NT$0.66 in FY 2023) Full year 2024 results: EPS: NT$2.00 (up from NT$0.66 in FY 2023). Revenue: NT$1.49b (up 56% from FY 2023). Net income: NT$318.6m (up 261% from FY 2023). Profit margin: 21% (up from 9.2% 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 128% per year but the company’s share price has only increased by 98% per year, which means it is significantly lagging earnings growth. Duyuru • Mar 14
Wiselink Co., Ltd., Annual General Meeting, Jun 30, 2025 Wiselink Co., Ltd., Annual General Meeting, Jun 30, 2025, at 09:00 Taipei Standard Time. Location: 5 floor no,2, sec.3 pa to rd., songshan district, taipei city Taiwan Duyuru • Mar 04
Wiselink Co., Ltd. to Report Fiscal Year 2024 Results on Mar 11, 2025 Wiselink Co., Ltd. announced that they will report fiscal year 2024 results on Mar 11, 2025 Duyuru • Dec 19
Wiselink Co., Ltd. has filed a Follow-on Equity Offering. Wiselink Co., Ltd. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 800,000
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,200,000
Transaction Features: Reserved Share Offering; Rights Offering Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: NT$0.21 (vs NT$0.17 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.21 (up from NT$0.17 in 3Q 2023). Revenue: NT$351.7m (up 170% from 3Q 2023). Net income: NT$33.2m (up 40% from 3Q 2023). Profit margin: 9.4% (down from 18% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has only increased by 90% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 09
Wiselink Co., Ltd. Announces Cash Dividends to Common Shareholders, Payable on December 3, 2024 Wiselink Co., Ltd. announced original type and amount of dividend distribution: Cash dividends to common shareholders of TWD 1,153,497 (TWD 0.0145 per share). Cash dividends to common shareholders after modification of TWD 1,153,497 (TWD 0.00725 per share). Reason for adjustment: The par value of the company's shares has been changed from TWD 10 to TWD 5, and after the new shares were listed on the OTC on September 9, 2024, the total number of issued shares changed to 159,102,968 shares. Ex-rights (Ex-dividend) date: October 28, 2024. Ex-rights (Ex-dividend) record date: November 3, 2024. Payment date of cash dividend distribution: December 3, 2024. New Risk • Aug 29
New major risk - Revenue and earnings growth Earnings have declined by 27% 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 Earnings have declined by 27% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio). Shareholders have been substantially diluted in the past year (139% increase in shares outstanding). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$1.03 (vs NT$0.58 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.03 (up from NT$0.58 in 2Q 2023). Revenue: NT$396.7m (up 118% from 2Q 2023). Net income: NT$82.0m (up 113% from 2Q 2023). Profit margin: 21% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 115% per year whereas the company’s share price has increased by 112% per year. Duyuru • Aug 02
Wiselink Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024 Wiselink Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024 New Risk • Jun 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 139% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 27% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio). Shareholders have been substantially diluted in the past year (139% increase in shares outstanding). Duyuru • May 10
Wiselink Co., Ltd. Announces the Appointment of Delta Chao as Chief Information Security Officer Wiselink Co., Ltd. announced the appointment of Delta Chao as chief information security officer. Resume of the new position holder: Delta Chao IT Department Director EBC Digital Media Division Deputy Director. Effective date: May 9, 2024. Duyuru • May 02
Wiselink Co., Ltd. to Report Q1, 2024 Results on May 09, 2024 Wiselink Co., Ltd. announced that they will report Q1, 2024 results on May 09, 2024 New Risk • Apr 25
New major risk - Revenue and earnings growth Earnings have declined by 48% 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 Earnings have declined by 48% per year over the past 5 years. High level of non-cash earnings (30% accrual ratio). Minor Risk Shareholders have been diluted in the past year (34% increase in shares outstanding). Reported Earnings • Apr 25
Full year 2023 earnings released: EPS: NT$1.33 (vs NT$0.48 loss in FY 2022) Full year 2023 results: EPS: NT$1.33 (up from NT$0.48 loss in FY 2022). Revenue: NT$961.2m (up 20% from FY 2022). Net income: NT$88.2m (up NT$117.2m from FY 2022). Profit margin: 9.2% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Apr 10
Wiselink Co., Ltd. announced a financing transaction Wiselink Co., Ltd. announced a private placement to issue 12,000,000 common shares on April 8, 2024. The transaction has been approved by the shareholders of the company. Duyuru • Mar 08
Wiselink Co., Ltd., Annual General Meeting, May 24, 2024 Wiselink Co., Ltd., Annual General Meeting, May 24, 2024. Location: Room 501, 5th Floor, No. 2, Section 3, Bade Road, Songshan District Taipei Taiwan Agenda: To consider 2023 Business report; to consider 2023 Audit Committee's Review Report; to report the distribution of 2023 employees' and directors' compensation; to report the private placement of common shares in year 2023; to consider 2023 Business Report and Financial Statements; to accept the proposal for the distribution of 2023 earnings; and to consider other matters. New Risk • Jan 24
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 7.5% 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 Risks Share price has been highly volatile over the past 3 months (7.5% average weekly change). High level of non-cash earnings (22% accrual ratio). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). New Risk • Nov 03
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 5.6% 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 46% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: NT$0.58 (vs NT$0.057 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.58 (up from NT$0.057 in 2Q 2022). Revenue: NT$247.9m (up 12% from 2Q 2022). Net income: NT$39.7m (up NT$36.3m from 2Q 2022). Profit margin: 16% (up from 1.6% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. No independent directors (7 non-independent directors). Director Cheng Tien Chan was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings released: NT$0.19 loss per share (vs NT$0.16 loss in 3Q 2021) Third quarter 2022 results: NT$0.19 loss per share (further deteriorated from NT$0.16 loss in 3Q 2021). Revenue: NT$162.1m (down 25% from 3Q 2021). Net loss: NT$11.4m (loss widened 18% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. Reported Earnings • Aug 19
Second quarter 2022 earnings released: EPS: NT$0.06 (vs NT$0.20 loss in 2Q 2021) Second quarter 2022 results: EPS: NT$0.06 (up from NT$0.20 loss in 2Q 2021). Revenue: NT$220.8m (down 27% from 2Q 2021). Net income: NT$3.45m (up NT$13.7m from 2Q 2021). Profit margin: 1.6% (up from net loss in 2Q 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Reported Earnings • May 19
First quarter 2022 earnings released: EPS: NT$0.30 (vs NT$0.20 loss in 1Q 2021) First quarter 2022 results: EPS: NT$0.30 (up from NT$0.20 loss in 1Q 2021). Revenue: NT$305.9m (up 35% from 1Q 2021). Net income: NT$17.8m (up NT$27.3m from 1Q 2021). Profit margin: 5.8% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 124 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. No independent directors (7 non-independent directors). Director Zhang Zheng-Tian Chan was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 15
Third quarter 2021 earnings released: NT$0.16 loss per share (vs NT$0.051 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$214.7m (down 6.9% from 3Q 2020). Net loss: NT$9.63m (down 487% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 18
Second quarter 2021 earnings released: NT$0.20 loss per share (vs NT$0.14 loss in 2Q 2020) The company reported a mediocre second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: NT$303.4m (up 31% from 2Q 2020). Net loss: NT$10.2m (loss widened 53% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • May 16
First quarter 2021 earnings released: NT$0.20 loss per share (vs NT$0.53 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$225.9m (up 25% from 1Q 2020). Net loss: NT$9.54m (loss narrowed 63% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Reported Earnings • Mar 27
Full year 2020 earnings released: NT$1.00 loss per share (vs NT$1.06 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: NT$799.8m (down 11% from FY 2019). Net loss: NT$48.7m (loss narrowed 5.8% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Duyuru • Mar 12
Max Zipper Co., Ltd., Annual General Meeting, May 31, 2021 Max Zipper Co., Ltd., Annual General Meeting, May 31, 2021. Is New 90 Day High Low • Jan 06
New 90-day low: NT$16.50 The company is down 7.0% from its price of NT$17.75 on 08 October 2020. The Taiwanese market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 8.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS NT$0.05 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$230.5m (up 6.1% from 3Q 2019). Net income: NT$2.49m (up NT$8.92m from 3Q 2019). Profit margin: 1.1% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. 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 32% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Nov 06
New 90-day high: NT$18.90 The company is up 16% from its price of NT$16.25 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 Luxury industry, which is up 2.0% over the same period. Is New 90 Day High Low • Oct 15
New 90-day high: NT$18.40 The company is up 41% from its price of NT$13.05 on 17 July 2020. The Taiwanese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 2.0% over the same period. Is New 90 Day High Low • Sep 29
New 90-day high: NT$17.80 The company is up 37% from its price of NT$13.00 on 01 July 2020. The Taiwanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is flat over the same period. 
