Reported Earnings • Apr 26
Full year 2025 earnings released: NT$2.09 loss per share (vs NT$0.45 loss in FY 2024) Full year 2025 results: NT$2.09 loss per share (further deteriorated from NT$0.45 loss in FY 2024). Revenue: NT$881.5m (down 2.2% from FY 2024). Net loss: NT$104.6m (loss widened 365% from FY 2024). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • Apr 15
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 12% 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 (12% average weekly change). Earnings have declined by 50% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (NT$1.42b market cap, or US$44.8m). Duyuru • Mar 05
T-Conn Precision Corporation, Annual General Meeting, Jun 11, 2026 T-Conn Precision Corporation, Annual General Meeting, Jun 11, 2026. Location: 4-1 floor no,79, sec.1 hsin t`ai 5th rd., sijhih district, new taipei city Taiwan New Risk • Mar 02
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 50% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (NT$1.25b market cap, or US$39.7m). New Risk • Feb 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 6.9% 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 50% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (NT$1.36b market cap, or US$42.9m). Reported Earnings • May 01
Full year 2024 earnings released: NT$0.45 loss per share (vs NT$14.97 loss in FY 2023) Full year 2024 results: NT$0.45 loss per share (improved from NT$14.97 loss in FY 2023). Revenue: NT$901.7m (down 15% from FY 2023). Net loss: NT$22.5m (loss narrowed 96% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 21 percentage points per year, which is a significant difference in performance. Duyuru • Mar 06
T-Conn Precision Corporation, Annual General Meeting, Jun 18, 2025 T-Conn Precision Corporation, Annual General Meeting, Jun 18, 2025. Location: 4-1 floor no,79, sec.1 hsin t`ai 5th 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 Risk Earnings have declined by 65% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (6.4% average weekly change). Shareholders have been diluted in the past year (28% increase in shares outstanding). Market cap is less than US$100m (NT$1.41b market cap, or US$42.8m). New Risk • Sep 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 7.6% 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 65% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (28% increase in shares outstanding). Market cap is less than US$100m (NT$1.62b market cap, or US$50.9m). Reported Earnings • Apr 28
Full year 2023 earnings released: NT$14.97 loss per share (vs NT$3.12 profit in FY 2022) Full year 2023 results: NT$14.97 loss per share (down from NT$3.12 profit in FY 2022). Revenue: NT$1.07b (down 18% from FY 2022). Net loss: NT$603.7m (down NT$725.0m from profit in FY 2022). Duyuru • Apr 01
T-Conn Precision Corporation, Annual General Meeting, Jun 18, 2024 T-Conn Precision Corporation, Annual General Meeting, Jun 18, 2024. 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 2023. 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 28% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (NT$1.34b market cap, or US$42.5m). New Risk • Aug 18
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (13% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 28% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$1.07b market cap, or US$33.5m). Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment deteriorates as stock falls 32% After last week's 32% share price decline to NT$33.90, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 18x in the Electronic industry in Taiwan. Total loss to shareholders of 57% over the past year. New Risk • Jul 15
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 12% 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 (12% average weekly change). High level of non-cash earnings (32% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (9.3% net profit margin). Market cap is less than US$100m (NT$1.16b market cap, or US$37.6m). Upcoming Dividend • Jun 27
Upcoming dividend of NT$1.05 per share at 1.8% yield Eligible shareholders must have bought the stock before 04 July 2023. Payment date: 16 August 2023. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (5.5%). Lower than average of industry peers (4.2%). Reported Earnings • Apr 22
Full year 2022 earnings released: EPS: NT$3.30 (vs NT$6.54 in FY 2021) Full year 2022 results: EPS: NT$3.30 (down from NT$6.54 in FY 2021). Revenue: NT$1.31b (down 11% from FY 2021). Net income: NT$121.3m (down 49% from FY 2021). Profit margin: 9.3% (down from 16% in FY 2021). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$58.80, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 11x in the Electronic industry in Taiwan. Total loss to shareholders of 53% over the past year.