New Risk • Apr 21
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 14% 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 (14% average weekly change). Earnings have declined by 9.1% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Revenue is less than US$5m (NT$128m revenue, or US$4.1m). Market cap is less than US$100m (NT$1.94b market cap, or US$61.6m). Duyuru • Mar 31
Jorjin Technologies Inc., Annual General Meeting, Jun 23, 2026 Jorjin Technologies Inc., Annual General Meeting, Jun 23, 2026. Location: r2 floor building. t2 no,239, sec.1 ta t`ung rd., sijhih district, new taipei city Taiwan New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.1% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Revenue is less than US$5m (NT$128m revenue, or US$4.1m). Market cap is less than US$100m (NT$1.30b market cap, or US$41.3m). New Risk • Jan 12
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 6.6% 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 9.1% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Revenue is less than US$5m (NT$128m revenue, or US$4.0m). Market cap is less than US$100m (NT$1.52b market cap, or US$48.0m). Reported Earnings • Apr 26
Full year 2024 earnings released: NT$2.07 loss per share (vs NT$0.023 profit in FY 2023) Full year 2024 results: NT$2.07 loss per share (down from NT$0.023 profit in FY 2023). Revenue: NT$130.2m (down 63% from FY 2023). Net loss: NT$93.4m (down NT$94.4m from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Duyuru • Mar 25
Jorjin Technologies Inc., Annual General Meeting, Jun 20, 2025 Jorjin Technologies Inc., Annual General Meeting, Jun 20, 2025, at 10:00 Taipei Standard Time. Location: r2 floor building. t2 no,239, sec.1 ta t`ung rd., sijhih district, new taipei city Taiwan New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 305% Dividend per share is over 10x cash flows per share. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (NT$1.40b market cap, or US$42.5m). New Risk • Dec 25
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 Dividend is not well covered by earnings and cash flows. Payout ratio: 305% Dividend per share is over 10x cash flows per share. 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$1.22b market cap, or US$37.3m). Reported Earnings • Apr 02
Full year 2023 earnings released: EPS: NT$0.02 (vs NT$2.08 in FY 2022) Full year 2023 results: EPS: NT$0.02 (down from NT$2.08 in FY 2022). Revenue: NT$350.7m (up 7.6% from FY 2022). Net income: NT$973.0k (down 99% from FY 2022). Profit margin: 0.3% (down from 21% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Duyuru • Mar 29
Jorjin Technologies Inc., Annual General Meeting, Jun 25, 2024 Jorjin Technologies Inc., Annual General Meeting, Jun 25, 2024. Upcoming Dividend • Aug 25
Upcoming dividend of NT$0.67 per share at 1.7% yield Eligible shareholders must have bought the stock before 01 September 2023. Payment date: 21 September 2023. Trailing yield: 1.7%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (4.1%). Reported Earnings • Aug 15
First half 2023 earnings released: EPS: NT$0.11 (vs NT$1.72 in 1H 2022) First half 2023 results: EPS: NT$0.11 (down from NT$1.72 in 1H 2022). Revenue: NT$209.9m (up 46% from 1H 2022). Net income: NT$4.58m (down 92% from 1H 2022). Profit margin: 2.2% (down from 40% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. New Risk • Aug 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (4.2% net profit margin). Shareholders have been diluted in the past year (36% increase in shares outstanding). Market cap is less than US$100m (NT$2.02b market cap, or US$63.4m). Reported Earnings • Apr 21
Full year 2022 earnings released: EPS: NT$2.08 (vs NT$0.33 loss in FY 2021) Full year 2022 results: EPS: NT$2.08 (up from NT$0.33 loss in FY 2021). Revenue: NT$326.0m (down 4.9% from FY 2021). Net income: NT$69.0m (up NT$79.9m from FY 2021). Profit margin: 21% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$58.20, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 13x in the Electronic industry in Taiwan. Total returns to shareholders of 536% over the past three years. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$47.40, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 12x in the Electronic industry in Taiwan. Total returns to shareholders of 252% over the past three years. 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. 8 experienced directors. No highly experienced directors. 1 independent director (4 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 • Aug 15
First half 2022 earnings released: EPS: NT$1.72 (vs NT$1.05 loss in 1H 2021) First half 2022 results: EPS: NT$1.72 (up from NT$1.05 loss in 1H 2021). Revenue: NT$143.7m (down 1.7% from 1H 2021). Net income: NT$57.1m (up NT$91.9m from 1H 2021). Profit margin: 40% (up from net loss in 1H 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. 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. 8 experienced directors. No highly experienced directors. 1 independent director (4 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 • Aug 18
First half 2021 earnings released: NT$1.05 loss per share (vs NT$0.67 loss in 1H 2020) The company reported a soft first half result with increased losses and weaker control over costs, although revenues improved. First half 2021 results: Revenue: NT$146.2m (up 5.3% from 1H 2020). Net loss: NT$34.7m (loss widened 55% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Reported Earnings • May 02
Full year 2020 earnings released: NT$1.63 loss per share (vs NT$1.16 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$287.4m (down 41% from FY 2019). Net loss: NT$54.0m (loss widened 40% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 25
New 90-day low: NT$20.00 The company is down 4.0% from its price of NT$20.80 on 28 October 2020. The Taiwanese market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 43% over the same period. Is New 90 Day High Low • Dec 12
New 90-day high: NT$22.65 The company is up 10.0% from its price of NT$20.65 on 11 September 2020. The Taiwanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 21% over the same period.