Joinsoon Electronics Manufacturing Co., Ltd. (3322) AI Stock Analysis

Joinsoon Electronics Manufacturing Co., Ltd.

(TPEx:3322)

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Rating:32Underperform

Price Target:TWD 8.00▼(-5.77% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score is critically low, driven primarily by severe financial deterioration including persistent losses and cash burn. This is compounded by extremely weak technicals with the stock in a deep downtrend across all timeframes. The negative P/E ratio confirms a lack of earnings power, leaving the stock with no valuation support.

Positive Factors

Sizable Equity BaseA still-sizable equity base provides some financial cushioning despite recent losses and rising leverage. This capitalization can help the company absorb ongoing volatility and preserve operating flexibility over the next several quarters, although the downward equity trend remains a concern.

Negative Factors

Persistent Losses and Margin CompressionTwo consecutive years of net losses and materially lower gross margins indicate weakened earnings quality and reduced operating resilience. Ongoing margin compression can limit reinvestment capacity and make a durable recovery dependent on reversing cost pressure or improving pricing performance.

Joinsoon Electronics Manufacturing Co., Ltd. (3322) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.18B
Dividend Yield: ―
Average Volume (3M): 280.41K
Price to Earnings (P/E): -6.3
Beta (1Y): 0.83
Revenue Growth: 1.02%
EPS Growth: -135.75%
Country: TW
Employees: 1,525
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

Joinsoon Electronics Manufacturing Co., Ltd. Business Overview & Revenue Model

Company Description

Joinsoon Electronics Manufacturing Co. Ltd. specializes in the design, production, and sale of electronic components and computer peripheral equipment. Their extensive product line includes connecting cables, high-precision connectors, external data...

Joinsoon Electronics Manufacturing Co., Ltd. Financial Statement Overview

Summary

Financial health is severely strained. The company has swung to net losses with collapsing gross margins (12.2%), negative EBIT, and three consecutive years of negative free cash flow. Rising debt-to-equity (0.74) and negative ROE confirm deteriorating fundamentals, though operating cash flow turned slightly positive in 2025.

Income Statement

18Very Negative

Balance Sheet

35Negative

Cash Flow

22Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.10B	3.00B	2.83B	2.73B	2.77B	4.03B
Gross Profit	352.48M	365.83M	416.98M	531.43M	513.93M	701.78M
EBITDA	67.28M	85.04M	110.97M	260.39M	350.40M	376.39M
Net Income	-171.23M	-116.73M	-101.13M	62.04M	155.88M	178.99M
Balance Sheet
Total Assets	3.56B	3.59B	3.38B	3.19B	2.59B	2.58B
Cash, Cash Equivalents and Short-Term Investments	272.64M	224.69M	276.61M	369.15M	350.80M	175.79M
Total Debt	1.15B	1.16B	1.01B	936.52M	505.83M	483.39M
Total Liabilities	1.98B	2.03B	1.75B	1.75B	1.18B	1.36B
Stockholders Equity	1.58B	1.56B	1.63B	1.44B	1.41B	1.22B
Cash Flow
Free Cash Flow	-362.29M	-66.35M	-361.06M	-325.63M	159.15M	62.84M
Operating Cash Flow	-108.22M	149.17M	-45.10M	263.06M	352.18M	181.97M
Investing Cash Flow	-227.20M	-204.93M	-255.65M	-590.10M	-154.82M	-323.68M
Financing Cash Flow	210.64M	26.82M	215.44M	351.62M	-25.99M	-12.95M

Joinsoon Electronics Manufacturing Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3322 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3531	48Neutral	TWD 1.26B	32.62	―	2.43%	-24.73%	39.31%
TW:3308	45Neutral	TWD 1.16B	12.02	―	―	13.86%	79.78%
TW:4999	44Neutral	TWD 1.17B	-8.83	―	1.62%	-13.56%	-165.86%
TW:3541	37Underperform	TWD 1.25B	70.10	―	―	0.16%	―
TW:3322	32Underperform	TWD 1.21B	-6.33	―	―	1.02%	-135.75%
TW:3710	30Underperform	TWD 1.35B	-1.51	―	―	-1.88%	-7106.53%

* General Sector Average

Performance Comparison

TW:3322 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3322	Joinsoon Electronics Manufacturing Co., Ltd.	8.49	-4.10	-32.58%
TW:3308	Bestec Power Electronics Co., Ltd	17.30	2.00	13.07%
TW:3531	Shian Yih Electronic Industry Co., Ltd	20.30	-1.53	-6.99%
TW:3541	Cypress Technology Co. Ltd.	22.30	-1.50	-6.30%
TW:3710	ACON Holding Inc.	7.34	-4.96	-40.30%
TW:4999	Sinher Technology Inc.	15.50	-9.04	-36.84%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 10, 2026

Joinsoon Electronics Manufacturing Co., Ltd. AI Stock Analysis