T
7.11
-1.11%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 10.09bn
FY2019FY2025
Net income
−TWD 338.8m
FY2019FY2025
Free cash flow
TWD 378.8m
FY2019FY2025
Shareholders' equity
TWD 2.85bn
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | TWD 10.09bn | TWD 8.69bn | TWD 8.94bn | TWD 11.69bn | TWD 12.02bn | TWD 7.98bn | TWD 8.40bn |
| Gross profit | TWD 9.5m | TWD 307.1m | −TWD 39.4m | TWD 521.7m | TWD 1.29bn | TWD 279.1m | TWD 211.6m |
| Research and development | TWD 3.7m | TWD 6.4m | TWD 5.0m | TWD 3.6m | — | — | — |
| Operating income | −TWD 261.3m | TWD 129.8m | −TWD 220.7m | TWD 326.9m | TWD 1.09bn | TWD 147.6m | TWD 86.8m |
| Net income | −TWD 338.8m | TWD 14.7m | −TWD 312.0m | TWD 126.1m | TWD 1.10bn | TWD 125.8m | TWD 44.1m |
| Diluted earnings per share | -0.81 | 0.04 | -0.75 | 0.35 | 2.65 | 0.30 | 0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | TWD 5.36bn | TWD 6.49bn | TWD 6.25bn | TWD 5.95bn | TWD 5.09bn | TWD 4.47bn | TWD 4.28bn |
| Cash and short-term investments | — | TWD 243.9m | TWD 355.1m | TWD 762.0m | TWD 243.6m | TWD 188.7m | TWD 73.6m |
| Total liabilities | TWD 2.51bn | TWD 3.31bn | TWD 3.09bn | TWD 2.47bn | TWD 2.39bn | TWD 2.87bn | TWD 2.77bn |
| Debt | TWD 5.4m | TWD 2.11bn | TWD 2.44bn | TWD 1.41bn | TWD 1.65bn | TWD 1.75bn | TWD 1.92bn |
| Shareholders' equity | TWD 2.85bn | TWD 3.18bn | TWD 3.16bn | TWD 3.47bn | TWD 2.70bn | TWD 1.60bn | TWD 1.51bn |
| Shares outstanding | 416m | 416m | 416m | 357m | 416m | 416m | 416m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 552.5m | TWD 537.4m | −TWD 1.31bn | TWD 295.8m | TWD 220.2m | TWD 391.4m | TWD 43.2m |
| Capital spending | −TWD 173.7m | −TWD 294.5m | −TWD 123.1m | −TWD 95.3m | −TWD 55.6m | −TWD 57.4m | −TWD 141.0m |
| Free cash flow | TWD 378.8m | TWD 242.9m | −TWD 1.43bn | TWD 200.5m | TWD 164.6m | TWD 334.0m | −TWD 97.8m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | |
|---|---|---|---|---|---|---|---|
| Revenue | TWD 5.51bn | TWD 4.23bn | TWD 4.46bn | TWD 3.69bn | TWD 5.25bn | TWD 2.28bn | TWD 9.41bn |
| Gross profit | −TWD 18.5m | TWD 103.3m | TWD 185.3m | −TWD 121.6m | TWD 82.2m | TWD 19.3m | TWD 502.4m |
| Operating income | −TWD 94.7m | TWD 34.6m | TWD 95.2m | −TWD 212.1m | −TWD 8.7m | TWD 345.8m | −TWD 18.9m |
| Net income | −TWD 122.9m | TWD 13.9m | TWD 769,000 | −TWD 289.9m | −TWD 22.1m | −TWD 109.1m | TWD 235.1m |
| Diluted earnings per share | -0.30 | 0.03 | 0.00 | -0.70 | -0.05 | -0.31 | 0.66 |
| Cash from operations | TWD 273.0m | −TWD 444.0m | TWD 981.0m | −TWD 1.35bn | TWD 41.0m | −TWD 235.0m | TWD 531.0m |
| Capital spending | −TWD 78.0m | −TWD 158.0m | −TWD 136.0m | −TWD 47.0m | −TWD 75.0m | −TWD 31.0m | −TWD 63.0m |
| Free cash flow | TWD 195.0m | −TWD 602.0m | TWD 845.0m | −TWD 1.40bn | −TWD 34.0m | −TWD 266.0m | TWD 468.0m |
| Total assets | TWD 6.33bn | TWD 6.49bn | TWD 5.88bn | TWD 6.25bn | TWD 5.42bn | TWD 5.95bn | — |
| Cash and short-term investments | TWD 323.6m | TWD 243.9m | TWD 263.3m | TWD 355.1m | TWD 267.2m | TWD 762.0m | — |
| Debt | TWD 2.03bn | TWD 2.11bn | TWD 1.40bn | TWD 2.44bn | TWD 958.0m | TWD 1.41bn | — |
| Shareholders' equity | TWD 3.05bn | TWD 3.18bn | TWD 3.16bn | TWD 3.16bn | TWD 3.45bn | TWD 3.47bn | — |
Financial ratios
Data as of 20 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 0.1% | 3.5% | -0.4% | 4.5% | 10.7% | 3.5% |
| Operating margin | -2.7% | 1.1% | -2.9% | 1.6% | 9.3% | 1.8% |
| Net margin | -3.4% | 0.2% | -3.5% | 1.1% | 9.2% | 1.6% |
| Return on equity | -11.9% | 0.5% | -9.9% | 3.6% | 40.8% | 7.8% |
| Return on assets | -6.3% | 0.2% | -5.0% | 2.1% | 21.7% | 2.8% |
| Free cash flow yield | 24.4% | 28.0% | -39.9% | 15.3% | — | — |
| Revenue growth | 16.1% | -2.8% | -23.5% | -2.7% | 50.6% | -5.0% |
| Earnings growth | -2411.0% | -104.7% | -347.5% | -88.6% | 776.5% | 185.5% |
| Current ratio | 0.89x | 1.19x | 1.13x | 1.85x | 1.65x | 1.08x |
| Debt to equity | 0.00x | 0.66x | 0.77x | 0.40x | 0.61x | 1.01x |
| Equity ratio | 53.2% | 49.0% | 50.6% | 58.4% | 53.1% | 35.9% |
| Interest coverage | -5.19x | 1.49x | -3.45x | 3.07x | 35.35x | 3.92x |
| R&D as a share of sales | 0.0% | 0.1% | 0.1% | 0.0% | — | — |
| Buybacks as a share of market value | 0.0% | 0.0% | -16.5% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.8% | 4.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 1.7% | 2.0% | 4.0% | — |
| Operating margin | -0.7% | -0.1% | 2.0% | — |
| Net margin | -1.7% | -1.3% | 1.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | -12.3 | 299.4 | -19.5 |
| Price to sales | 0.4 | 0.5 | 0.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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