Upcoming Dividend • Jun 18
Upcoming dividend of NT$0.30 per share Eligible shareholders must have bought the stock before 25 June 2026. Payment date: 22 July 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (4.9%). Lower than average of industry peers (4.6%). Reported Earnings • May 20
First quarter 2026 earnings released: EPS: NT$0.65 (vs NT$0.44 in 1Q 2025) First quarter 2026 results: EPS: NT$0.65 (up from NT$0.44 in 1Q 2025). Revenue: NT$704.6m (up 12% from 1Q 2025). Net income: NT$68.9m (up 48% from 1Q 2025). Profit margin: 9.8% (up from 7.4% in 1Q 2025). The increase in margin 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 116 percentage points per year, which is a significant difference in performance. Declared Dividend • May 11
Dividend of NT$0.30 announced Dividend of NT$0.30 is the same as last year. Ex-date: 25th June 2026 Payment date: 22nd July 2026 Dividend yield will be 1.8%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Board Change • Apr 08
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. 4 non-independent directors. Representative Director Chi-Cheng Chien was the last director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 13
Full year 2025 earnings released: NT$0.16 loss per share (vs NT$0.05 profit in FY 2024) Full year 2025 results: NT$0.16 loss per share (down from NT$0.05 profit in FY 2024). Revenue: NT$2.26b (down 2.4% from FY 2024). Net loss: NT$17.4m (down 431% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Duyuru • Mar 09
Shinih Enterprise Co., Ltd., Annual General Meeting, Jun 12, 2026 Shinih Enterprise Co., Ltd., Annual General Meeting, Jun 12, 2026. Location: no,108, sec.1 nan k`an rd., lujhu district, taoyuan city Taiwan Duyuru • Dec 20
Shinih Enterprise Co., Ltd. Announces Appointment of Members to the Nomination Committee, Effective December 19, 2025 SHINIH ENTERPRISE CO., LTD. announced the Board of Directors' resolution to appoint members of the Nomination Committee. The functional committee involved is the Nomination Committee. New members were appointed to the Nomination Committee. The new position holders are: CHIEN, JUI-JUI (Director), CHIEN, JUNG-TSAI (Director), WANG, SUE-FUNG (Independent Director), LU, KUANG-WU (Independent Director), and WU, TUNG-YAO (Independent Director). The effective date of the new members' appointment is December 19, 2025. The change is categorized as a new appointment. The reason for the change is a new appointment. The term starts from the date of appointment to the current Board of Directors term expires. Reported Earnings • Nov 18
Third quarter 2025 earnings released: NT$0.39 loss per share (vs NT$0.84 loss in 3Q 2024) Third quarter 2025 results: NT$0.39 loss per share (improved from NT$0.84 loss in 3Q 2024). Revenue: NT$490.8m (down 2.2% from 3Q 2024). Net loss: NT$41.0m (loss narrowed 54% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 17
Second quarter 2025 earnings released: NT$0.17 loss per share (vs NT$0.36 loss in 2Q 2024) Second quarter 2025 results: NT$0.17 loss per share (improved from NT$0.36 loss in 2Q 2024). Revenue: NT$639.8m (up 1.4% from 2Q 2024). Net loss: NT$17.9m (loss narrowed 53% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Board Change • Jun 18
High number of new directors Director Hung-Jung Chang was the last director to join the board, commencing their role in 2025. Upcoming Dividend • Jun 18
Upcoming dividend of NT$0.30 per share Eligible shareholders must have bought the stock before 25 June 2025. Payment date: 22 July 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (4.5%). Duyuru • Jun 14
Shinih Enterprise Co., Ltd. Announce Election of Directors, Effective Date of the New Appointment of June 13, 2025 Shinih Enterprise Co., Ltd. at its shareholders meeting held on June 13, 2025, approved election of directors (including independent directors) for the 2025. Title and name of the previous position holder: Director: Representative of Lee Pont Investment Co., Ltd. - Jui-Jui Chien; Director: Representative of Xiang Bo International Development Co., Ltd. - Chiu-Chiu Chien; Director: Representative of Lee Pont Investment Co., Ltd. Chia-Chin Chien; Director: Representative of Ying Hung International Co., Ltd. - Jung-Tsai Chien; Independent Director: Kuang-Wu Lu; Independent Director: Shu-Fen Wang; Independent Director: Tung-Yao Wu. Resume of the previous position holder: Jui-Jui Chien - Chairman of SHINIH ENTERPRISE CO., LTD.; Chiu-Chiu Chien - Director of SHINIH ENTERPRISE CO., LTD.; Chia-Ching Chien - Director of SHINIH ENTERPRISE CO., LTD.; Jung-Tsai Chien - Director of SHINIH ENTERPRISE CO., LTD.; Kuang-Wu Lu - Independent Director of SHINIH ENTERPRISE CO., LTD.; Shu-Fen Wang - Independent Director of SHINIH ENTERPRISE CO., LTD.; Tung-Yao Wu - Independent Director of SHINIH ENTERPRISE CO., LTD. Title and name of the new position holder: Director: Representative of Nadino International Co., Ltd. -Chiu-Chiu Chien; Director: Representative of Ying Hung International Co., Ltd. - Chia-Chin Chien; Director: Representative of Lee Pont Investment Co., Ltd. - Hung-Jung Chang; Director: Representative of Bo Young Medical Corporation - Chi-Cheng Chien; Independent Director: Kuang-Wu Lu; Independent Director: Shu-Fen Wang; Independent Director: Tung-Yao Wu. Resume of the new position holder:; Chiu-Chiu Chien - Director of SHINIH ENTERPRISE CO., LTD.; Chia-Chin Chien - Director of SHINIH ENTERPRISE CO., LTD.; Hung-Jung Chang - Director of SHINIH ENTERPRISE CO., LTD.; Chi-Cheng Chien - Director of SHINIH ENTERPRISE CO., LTD.; Kuang-Wu Lu - Independent Director of SHINIH ENTERPRISE CO., LTD.; Shu-Fen Wang - Independent Director of SHINIH ENTERPRISE CO., LTD.; Tung-Yao Wu - Independent Director of SHINIH ENTERPRISE CO., LTD. Reason for the change: term expired and re-election. Effective date of the new appointment of June 13, 2025. Declared Dividend • May 17
Dividend reduced to NT$0.30 Dividend of NT$0.30 is 50% lower than last year. Ex-date: 25th June 2025 Payment date: 22nd July 2025 Dividend yield will be 1.7%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: NT$0.44 (vs NT$1.53 in 1Q 2024) First quarter 2025 results: EPS: NT$0.44 (down from NT$1.53 in 1Q 2024). Revenue: NT$630.1m (down 14% from 1Q 2024). Net income: NT$46.5m (down 71% from 1Q 2024). Profit margin: 7.4% (down from 22% in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Duyuru • May 01
Shinih Enterprise Co., Ltd. to Report Q1, 2025 Results on May 09, 2025 Shinih Enterprise Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025 New Risk • Mar 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 44% 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 (0.2% net profit margin). Market cap is less than US$100m (NT$2.08b market cap, or US$62.7m). Reported Earnings • Mar 18
Full year 2024 earnings released: EPS: NT$0.05 (vs NT$1.49 in FY 2023) Full year 2024 results: EPS: NT$0.05 (down from NT$1.49 in FY 2023). Revenue: NT$2.31b (up 9.4% from FY 2023). Net income: NT$5.26m (down 97% from FY 2023). Profit margin: 0.2% (down from 7.5% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Duyuru • Mar 10
Shinih Enterprise Co., Ltd., Annual General Meeting, Jun 13, 2025 Shinih Enterprise Co., Ltd., Annual General Meeting, Jun 13, 2025. Location: no,108, sec.1 nan k`an rd., lujhu district, taoyuan city Taiwan Duyuru • Feb 28
Shinih Enterprise Co., Ltd. to Report Q4, 2024 Results on Mar 07, 2025 Shinih Enterprise Co., Ltd. announced that they will report Q4, 2024 results on Mar 07, 2025 Reported Earnings • Nov 19
Third quarter 2024 earnings released: NT$0.84 loss per share (vs NT$0.61 loss in 3Q 2023) Third quarter 2024 results: NT$0.84 loss per share (further deteriorated from NT$0.61 loss in 3Q 2023). Revenue: NT$501.8m (up 13% from 3Q 2023). Net loss: NT$88.7m (loss widened 37% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Duyuru • Oct 30
Shinih Enterprise Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024 Shinih Enterprise Co., Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024 Duyuru • Oct 19
Shinih Enterprise Co., Ltd. Announces Change in Representative of Institutional Director Shinih Enterprise Co., Ltd. announced the change in representative of institutional director. Name of the previous position holder: CHIEN, SHENG-HUNG. Resume of the previous position holder: Ying Hung Investment Co., Ltd. Representative. Name of the new position holder: CHIEN, JUNG-TSAI. Resume of the new position holder: Ying Hung Investment Co., Ltd. Representative. Effective date of the new appointment: October 18, 2024. Reported Earnings • Aug 17
Second quarter 2024 earnings released: NT$0.36 loss per share (vs NT$0.60 loss in 2Q 2023) Second quarter 2024 results: NT$0.36 loss per share (improved from NT$0.60 loss in 2Q 2023). Revenue: NT$630.8m (up 7.5% from 2Q 2023). Net loss: NT$37.9m (loss narrowed 40% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Duyuru • Jul 31
Shinih Enterprise Co., Ltd. to Report Q2, 2024 Results on Aug 07, 2024 Shinih Enterprise Co., Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024 Upcoming Dividend • Jun 18
Upcoming dividend of NT$0.60 per share Eligible shareholders must have bought the stock before 25 June 2024. Payment date: 22 July 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.7%. Lower than top quartile of Taiwanese dividend payers (4.2%). Lower than average of industry peers (3.1%). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$1.53 (vs NT$2.92 in 1Q 2023) First quarter 2024 results: EPS: NT$1.53 (down from NT$2.92 in 1Q 2023). Revenue: NT$732.9m (up 20% from 1Q 2023). Net income: NT$162.5m (down 48% from 1Q 2023). Profit margin: 22% (down from 51% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year. New Risk • Mar 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 39% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (NT$2.12b market cap, or US$66.8m). Reported Earnings • Mar 16
Full year 2023 earnings released: EPS: NT$1.49 (vs NT$2.12 in FY 2022) Full year 2023 results: EPS: NT$1.49 (down from NT$2.12 in FY 2022). Revenue: NT$2.11b (down 20% from FY 2022). Net income: NT$157.6m (down 30% from FY 2022). Profit margin: 7.5% (down from 8.5% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Duyuru • Mar 12
Shinih Enterprise Co., Ltd., Annual General Meeting, Jun 14, 2024 Shinih Enterprise Co., Ltd., Annual General Meeting, Jun 14, 2024. Location: Monarch Skyline Hotel No.108.Sec 1, Nankan Rd, Luzhu Dist., Tao Yuan City Taiwan Agenda: To consider Report on 2023 business report; to report on auditing 2023 financial statements by Audit Committees; to report on 2023 earnings is cash dividends distribution; to report on 2023 remuneration of distribution for employees and directors; to report on 2023 materiality transaction for related party; to report on amendments to the Ethical Corporate Management Best Practice Principles & Ethical Corporate Operating Procedures and Conduct Guidelines; and to transact other business. Duyuru • Nov 09
Shinih Enterprise Co., Ltd. to Report Q3, 2023 Results on Nov 07, 2023 Shinih Enterprise Co., Ltd. announced that they will report Q3, 2023 results on Nov 07, 2023 Upcoming Dividend • Jun 13
Upcoming dividend of NT$1.05 per share at 4.5% yield Eligible shareholders must have bought the stock before 20 June 2023. Payment date: 20 July 2023. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (4.6%). Reported Earnings • Apr 01
Full year 2022 earnings released Full year 2022 results: Revenue: NT$2.63b (flat on FY 2021). Net income: NT$224.4m (down 56% from FY 2021). Profit margin: 8.5% (down from 20% in FY 2021). 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 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Third quarter 2022 earnings released: NT$0.25 loss per share (vs NT$0.17 loss in 3Q 2021) Third quarter 2022 results: NT$0.25 loss per share (further deteriorated from NT$0.17 loss in 3Q 2021). Revenue: NT$600.0m (up 12% from 3Q 2021). Net loss: NT$26.5m (loss widened 40% from 3Q 2021). 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 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 13
Third quarter 2022 earnings released: NT$0.25 loss per share (vs NT$0.17 loss in 3Q 2021) Third quarter 2022 results: NT$0.25 loss per share (further deteriorated from NT$0.17 loss in 3Q 2021). Revenue: NT$600.0m (up 12% from 3Q 2021). Net loss: NT$26.5m (loss widened 40% from 3Q 2021). 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 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: NT$0.21 (vs NT$0.24 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.21 (down from NT$0.24 in 2Q 2021). Revenue: NT$748.3m (down 2.7% from 2Q 2021). Net income: NT$21.8m (down 16% from 2Q 2021). Profit margin: 2.9% (down from 3.4% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 135% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 14
Upcoming dividend of NT$1.00 per share Eligible shareholders must have bought the stock before 21 June 2022. Payment date: 18 July 2022. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 5.0%. Lower than top quartile of Taiwanese dividend payers (6.0%). Higher than average of industry peers (3.7%). Reported Earnings • May 17
First quarter 2022 earnings: EPS in line with expectations, revenues disappoint First quarter 2022 results: EPS: NT$0.54 (up from NT$0.38 in 1Q 2021). Revenue: NT$713.7m (up 1.0% from 1Q 2021). Net income: NT$56.6m (up 35% from 1Q 2021). Profit margin: 7.9% (up from 5.9% in 1Q 2021). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) were mostly in line with analyst estimates. 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 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 01
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: NT$4.71 (up from NT$0.69 in FY 2020). Revenue: NT$2.61b (up 11% from FY 2020). Net income: NT$513.2m (up NT$437.8m from FY 2020). Profit margin: 20% (up from 3.2% in FY 2020). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 120% 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 • Nov 15
Third quarter 2021 earnings released: NT$0.17 loss per share (vs NT$0.40 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$533.8m (down 9.7% from 3Q 2020). Net loss: NT$18.9m (down 143% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS NT$0.24 (vs NT$0.066 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: NT$768.8m (up 33% from 2Q 2020). Net income: NT$26.0m (up 260% from 2Q 2020). Profit margin: 3.4% (up from 1.2% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 11
Upcoming dividend of NT$0.40 per share Eligible shareholders must have bought the stock before 18 June 2021. Payment date: 20 July 2021. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (2.3%). Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$0.38 (vs NT$0.34 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: NT$706.9m (up 16% from 1Q 2020). Net income: NT$41.8m (up 13% from 1Q 2020). Profit margin: 5.9% (down from 6.1% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improved over the past week After last week's 28% share price gain to NT$25.40, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 20x in the Luxury industry in Taiwan. Total returns to shareholders of 36% over the past three years. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS NT$0.69 (vs NT$0.45 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: NT$2.35b (down 18% from FY 2019). Net income: NT$75.4m (up NT$125.0m from FY 2019). Profit margin: 3.2% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. 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 1% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 04
New 90-day low: NT$20.55 The company is down 7.0% from its price of NT$22.20 on 04 December 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 2.0% over the same period. Is New 90 Day High Low • Jan 29
New 90-day low: NT$20.80 The company is down 8.0% from its price of NT$22.50 on 30 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 22
New 90-day high: NT$23.15 The company is up 2.0% from its price of NT$22.80 on 23 September 2020. The Taiwanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 5.0% over the same period. Is New 90 Day High Low • Nov 19
New 90-day low: NT$21.50 The company is down 2.0% from its price of NT$21.90 on 21 August 2020. The Taiwanese market is up 11% 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 14
Third quarter 2020 earnings released: EPS NT$0.40 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: NT$591.4m (down 6.0% from 3Q 2019). Net income: NT$44.0m (up NT$76.3m from 3Q 2019). Profit margin: 7.4% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 85% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.