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Pan-International Industrial 2328.TW · TWD

Information Technology · Taiwan Stock Exchange · 🇹🇼 Taiwan

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46.80

+9.99%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 21.77bn

FY2016FY2025

Net income

TWD 808.2m

FY2016FY2025

Free cash flow

TWD 408.7m

FY2016FY2025

Shareholders' equity

TWD 14.91bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 21.77bnTWD 21.82bnTWD 25.63bnTWD 26.26bnTWD 24.23bnTWD 20.55bnTWD 25.60bnTWD 27.16bnTWD 26.24bnTWD 18.41bn
Gross profitTWD 2.66bnTWD 2.95bnTWD 3.18bnTWD 3.28bnTWD 2.65bnTWD 2.14bnTWD 2.36bnTWD 2.35bnTWD 2.19bnTWD 1.46bn
Research and developmentTWD 424.1mTWD 453.1mTWD 477.4mTWD 416.5mTWD 346.8mTWD 267.4mTWD 274.3mTWD 238.0mTWD 194.6mTWD 187.0m
Operating incomeTWD 1.14bnTWD 1.28bnTWD 1.60bnTWD 2.10bnTWD 1.57bnTWD 1.24bnTWD 1.58bnTWD 1.20bnTWD 1.07bnTWD 139.2m
Net incomeTWD 808.2mTWD 1.04bnTWD 1.26bnTWD 1.32bnTWD 967.2mTWD 663.2mTWD 1.03bnTWD 1.19bnTWD 691.0mTWD 1.10bn
Diluted earnings per share210.301.992.412.531.861.281.992.281.322.12

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 24.06bnTWD 24.64bnTWD 24.40bnTWD 25.40bnTWD 24.32bnTWD 20.68bnTWD 21.69bnTWD 23.07bnTWD 20.59bnTWD 18.74bn
Cash and short-term investmentsTWD 7.37bnTWD 7.71bnTWD 7.39bnTWD 6.72bnTWD 6.25bnTWD 7.60bnTWD 6.28bnTWD 5.19bnTWD 4.56bnTWD 4.58bn
Total liabilitiesTWD 6.80bnTWD 8.15bnTWD 9.05bnTWD 10.64bnTWD 10.23bnTWD 7.89bnTWD 9.11bnTWD 10.56bnTWD 8.60bnTWD 7.12bn
DebtTWD 1.15bnTWD 1.33bnTWD 665.1mTWD 2.29bnTWD 1.19bnTWD 1.79bnTWD 1.87bnTWD 2.16bnTWD 1.48bnTWD 718.0m
Shareholders' equityTWD 14.91bnTWD 14.28bnTWD 13.41bnTWD 12.90bnTWD 12.41bnTWD 11.17bnTWD 10.96bnTWD 10.93bnTWD 10.51bnTWD 10.25bn
Shares outstanding4m521m522m522m519m517m516m521m523m519m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 1.07bnTWD 973.5mTWD 4.44bnTWD 1.27bnTWD 197.8mTWD 1.73bnTWD 2.46bnTWD 1.42bn−TWD 135.1mTWD 1.55bn
Capital spending−TWD 656.8m−TWD 972.1m−TWD 828.2m−TWD 958.8m−TWD 624.8m−TWD 339.9m−TWD 321.6m−TWD 313.5m−TWD 231.8m−TWD 277.4m
Free cash flowTWD 408.7mTWD 1.4mTWD 3.61bnTWD 312.4m−TWD 427.0mTWD 1.39bnTWD 2.14bnTWD 1.10bn−TWD 366.9mTWD 1.27bn
Dividends paid−TWD 570.2m−TWD 673.9m−TWD 725.7m−TWD 518.3m−TWD 336.9m−TWD 518.3m−TWD 570.2m−TWD 414.7m−TWD 362.8m−TWD 177.9m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 5.38bnTWD 4.25bnTWD 4.95bnTWD 5.37bnTWD 5.73bnTWD 5.71bnTWD 5.71bnTWD 6.01bn
Gross profitTWD 460.4mTWD 331.1mTWD 618.0mTWD 689.4mTWD 711.6mTWD 641.4mTWD 691.1mTWD 914.7m
Operating incomeTWD 14.7m−TWD 14.6mTWD 200.9mTWD 289.6mTWD 352.4mTWD 298.5mTWD 262.9mTWD 483.2m
Net income−TWD 41.9m−TWD 84.0mTWD 177.0mTWD 172.8mTWD 242.9mTWD 215.6mTWD 303.6mTWD 288.0m
Diluted earnings per share-0.08-0.1646.0544.9563.2156.090.580.55
Cash from operations−TWD 10.0mTWD 245.0mTWD 209.0mTWD 714.0mTWD 589.0m−TWD 447.0mTWD 681.0mTWD 524.0m
Capital spending−TWD 215.0m−TWD 180.0m−TWD 204.0m−TWD 220.0m−TWD 95.0m−TWD 136.0m−TWD 192.0m−TWD 209.0m
Free cash flow−TWD 225.0mTWD 65.0mTWD 5.0mTWD 494.0mTWD 494.0m−TWD 583.0mTWD 489.0mTWD 315.0m
Total assetsTWD 25.22bnTWD 24.24bnTWD 24.06bnTWD 22.92bnTWD 23.01bnTWD 24.36bnTWD 24.64bnTWD 25.02bn
Cash and short-term investmentsTWD 6.93bnTWD 7.99bnTWD 7.37bnTWD 7.01bnTWD 7.10bnTWD 7.08bnTWD 7.71bnTWD 7.34bn
DebtTWD 862.7mTWD 914.5mTWD 1.15bnTWD 1.07bnTWD 1.20bnTWD 1.26bnTWD 2.02bnTWD 2.59bn
Shareholders' equityTWD 14.61bnTWD 15.02bnTWD 14.91bnTWD 13.92bnTWD 13.12bnTWD 14.20bnTWD 14.28bnTWD 14.23bn

Financial ratios

Data as of 24 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin12.2%13.5%12.4%12.5%10.9%10.4%
Operating margin5.2%5.9%6.2%8.0%6.5%6.1%
Net margin3.7%4.8%4.9%5.0%4.0%3.2%
Return on equity5.4%7.3%9.4%10.3%7.8%5.9%
Return on assets3.4%4.2%5.2%5.2%4.0%3.2%
Free cash flow yield953.6%8.0%21.4%9.1%3.4%8.5%
Revenue growth-0.2%-14.9%-2.4%8.4%17.9%-19.7%
Earnings growth-22.0%-17.5%-5.0%36.7%45.8%-35.6%
Current ratio2.76x2.31x2.06x1.89x1.86x2.04x
Debt to equity0.08x0.14x0.12x0.20x0.09x0.15x
Equity ratio62.0%58.0%55.0%50.8%51.0%54.0%
Interest coverage31.79x19.55x26.51x50.86x121.47x35.43x
R&D as a share of sales1.9%2.1%1.9%1.6%1.4%1.3%
Buybacks as a share of market value99.3%0.3%-0.1%-0.6%-0.4%-0.2%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-6.1%1.2%1.4%
Operating income-18.4%-1.7%13.6%
Net income-15.1%4.0%11.0%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin12.9%12.6%12.0%10.4%
Operating margin5.6%6.4%6.4%5.2%
Net margin4.2%4.6%4.3%4.0%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings0.220.614.714.721.120.011.78.719.211.6
Price to sales0.01.00.70.70.80.70.50.40.50.7

Dividends and splits

Per share, in the currency the company pays

Paid for 13 years. Last went ex-dividend on 30 Jun 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year0.901.101.301.401.000.651.001.10
  • 1.005-for-1 split · 14 Aug 2014
  • 1.01-for-1 split · 8 Aug 2013
  • 1.01-for-1 split · 29 Jul 2011
  • 1.03-for-1 split · 25 Aug 2010
  • 1.04-for-1 split · 15 Jul 2009
  • 21-for-20 split · 16 Sept 2008

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.