Gold Circuit Electronics 2368.TW · TWD
Information Technology · Electronic Equipment, Instruments & Components · Taiwan Stock Exchange · 🇹🇼 Taiwan
894.00
+9.96%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 60.00bn
FY2016FY2025
Net income
TWD 9.61bn
FY2016FY2025
Free cash flow
−TWD 4.54bn
FY2016FY2025
Shareholders' equity
TWD 33.48bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 60.00bn | TWD 38.95bn | TWD 30.04bn | TWD 32.79bn | TWD 26.61bn | TWD 23.40bn | TWD 18.99bn | TWD 20.60bn | TWD 19.17bn | TWD 19.20bn |
| Gross profit | TWD 19.68bn | TWD 11.40bn | TWD 7.72bn | TWD 8.73bn | TWD 6.37bn | TWD 5.29bn | TWD 2.49bn | TWD 3.00bn | TWD 1.88bn | TWD 2.62bn |
| Research and development | TWD 1.25bn | TWD 974.2m | TWD 802.6m | TWD 718.2m | TWD 623.2m | TWD 533.5m | TWD 471.0m | TWD 474.0m | TWD 419.8m | TWD 402.0m |
| Operating income | TWD 14.04bn | TWD 8.07bn | TWD 5.14bn | TWD 6.52bn | TWD 4.07bn | TWD 2.93bn | TWD 521.8m | TWD 887.2m | −TWD 80.1m | TWD 698.4m |
| Net income | TWD 9.61bn | TWD 5.62bn | TWD 3.53bn | TWD 4.57bn | TWD 2.93bn | TWD 2.07bn | TWD 129.7m | TWD 228.9m | −TWD 269.1m | TWD 143.8m |
| Diluted earnings per share | 19.18 | 11.07 | 7.15 | 9.30 | 5.98 | 4.25 | 0.26 | 0.47 | -0.55 | 0.29 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 75.75bn | TWD 44.58bn | TWD 33.10bn | TWD 30.04bn | TWD 24.98bn | TWD 21.65bn | TWD 20.91bn | TWD 21.20bn | TWD 21.26bn | TWD 21.73bn |
| Cash and short-term investments | TWD 18.52bn | TWD 9.19bn | TWD 7.82bn | TWD 6.02bn | TWD 3.84bn | TWD 4.39bn | TWD 3.82bn | TWD 3.55bn | TWD 3.85bn | TWD 4.11bn |
| Total liabilities | TWD 42.27bn | TWD 23.27bn | TWD 16.27bn | TWD 15.72bn | TWD 13.58bn | TWD 12.38bn | TWD 13.74bn | TWD 14.14bn | TWD 14.46bn | TWD 14.64bn |
| Debt | TWD 18.01bn | TWD 7.33bn | TWD 5.16bn | TWD 5.54bn | TWD 4.50bn | TWD 5.73bn | TWD 7.31bn | TWD 7.76bn | TWD 7.79bn | TWD 8.54bn |
| Shareholders' equity | TWD 33.48bn | TWD 21.31bn | TWD 16.83bn | TWD 14.32bn | TWD 11.40bn | TWD 9.27bn | TWD 7.17bn | TWD 7.05bn | TWD 6.80bn | TWD 7.09bn |
| Shares outstanding | 501m | 507m | 493m | 491m | 490m | 486m | 500m | 489m | 493m | 500m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 2.26bn | TWD 5.63bn | TWD 5.32bn | TWD 4.44bn | TWD 2.39bn | TWD 2.99bn | TWD 1.75bn | TWD 828.9m | TWD 1.19bn | TWD 1.68bn |
| Capital spending | −TWD 6.80bn | −TWD 5.16bn | −TWD 1.66bn | −TWD 1.36bn | −TWD 846.9m | −TWD 700.0m | −TWD 788.1m | −TWD 913.6m | −TWD 824.4m | −TWD 496.0m |
| Free cash flow | −TWD 4.54bn | TWD 470.3m | TWD 3.65bn | TWD 3.08bn | TWD 1.54bn | TWD 2.29bn | TWD 963.9m | −TWD 84.8m | TWD 367.2m | TWD 1.18bn |
| Dividends paid | −TWD 2.92bn | −TWD 1.70bn | −TWD 1.70bn | −TWD 1.19bn | −TWD 819.7m | −TWD 819.7m | −TWD 819.7m | −TWD 819.7m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 24.28bn | TWD 19.31bn | TWD 16.41bn | TWD 17.68bn | TWD 13.85bn | TWD 12.06bn | TWD 9.86bn | TWD 10.46bn |
| Gross profit | TWD 8.41bn | TWD 6.72bn | TWD 5.52bn | TWD 6.29bn | TWD 4.10bn | TWD 3.78bn | TWD 2.56bn | TWD 3.38bn |
| Operating income | TWD 6.42bn | TWD 5.18bn | TWD 4.02bn | TWD 4.65bn | TWD 2.84bn | TWD 2.54bn | TWD 1.64bn | TWD 2.52bn |
| Net income | TWD 4.78bn | TWD 3.48bn | TWD 2.93bn | TWD 3.23bn | TWD 1.69bn | TWD 1.75bn | TWD 1.28bn | TWD 1.60bn |
| Diluted earnings per share | 9.27 | 6.75 | 5.85 | 6.45 | 3.38 | 3.50 | 2.53 | 3.14 |
| Cash from operations | — | TWD 5.02bn | TWD 420.0m | −TWD 251.0m | TWD 1.81bn | TWD 275.0m | TWD 2.44bn | TWD 1.48bn |
| Capital spending | — | −TWD 1.88bn | −TWD 2.91bn | −TWD 1.92bn | −TWD 1.01bn | −TWD 945.0m | −TWD 1.59bn | −TWD 1.90bn |
| Free cash flow | — | TWD 3.14bn | −TWD 2.49bn | −TWD 2.17bn | TWD 800.0m | −TWD 670.0m | TWD 857.0m | −TWD 419.0m |
| Total assets | — | TWD 84.38bn | TWD 75.75bn | TWD 61.50bn | TWD 51.91bn | TWD 48.61bn | TWD 44.58bn | TWD 40.43bn |
| Cash and short-term investments | — | TWD 22.81bn | TWD 18.52bn | TWD 10.01bn | TWD 9.40bn | TWD 9.52bn | TWD 9.19bn | TWD 8.32bn |
| Debt | — | TWD 16.05bn | TWD 18.01bn | TWD 10.79bn | TWD 9.43bn | TWD 8.05bn | TWD 7.26bn | TWD 6.89bn |
| Shareholders' equity | — | TWD 34.90bn | TWD 33.48bn | TWD 26.93bn | TWD 20.60bn | TWD 20.32bn | TWD 21.31bn | TWD 19.90bn |
Financial ratios
Data as of 1 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 32.8% | 29.3% | 25.7% | 26.6% | 23.9% | 22.6% |
| Operating margin | 23.4% | 20.7% | 17.1% | 19.9% | 15.3% | 12.5% |
| Net margin | 16.0% | 14.4% | 11.7% | 13.9% | 11.0% | 8.8% |
| Return on equity | 28.7% | 26.3% | 21.0% | 31.9% | 25.7% | 22.3% |
| Return on assets | 12.7% | 12.6% | 10.7% | 15.2% | 11.7% | 9.5% |
| Free cash flow yield | 1.5% | 1.7% | 1.2% | 1.0% | 0.5% | 0.6% |
| Revenue growth | 54.0% | 29.6% | -8.4% | 23.2% | 13.7% | 23.2% |
| Earnings growth | 71.1% | 59.1% | -22.8% | 56.1% | 41.6% | 1493.1% |
| Current ratio | 2.04x | 1.85x | 2.38x | 1.92x | 1.77x | 1.60x |
| Debt to equity | 0.54x | 0.34x | 0.30x | 0.39x | 0.39x | 0.62x |
| Equity ratio | 44.2% | 47.8% | 50.8% | 47.7% | 45.6% | 42.8% |
| Interest coverage | 64.32x | 47.92x | 43.53x | 72.17x | 60.27x | 17.44x |
| R&D as a share of sales | 2.1% | 2.5% | 2.7% | 2.2% | 2.3% | 2.3% |
| Buybacks as a share of market value | 1.3% | -2.8% | -0.5% | -0.3% | -0.8% | 2.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 22.3% | 20.7% | 12.1% |
| Operating income | 29.2% | 36.8% | 37.5% |
| Net income | 28.1% | 36.0% | 57.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 31.4% | 29.4% | 27.9% | 23.2% |
| Operating margin | 22.3% | 20.9% | 19.2% | 14.0% |
| Net margin | 15.4% | 14.4% | 13.4% | 9.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 35.8 | 21.8 | 30.5 | 9.3 | 14.1 | 13.2 | 71.3 | 31.1 | -21.6 | 40.2 |
| Price to sales | 5.7 | 3.1 | 3.6 | 1.3 | 1.6 | 1.2 | 0.5 | 0.3 | 0.3 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 23 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2011 | FY2009 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 9.803 | 6.00 | 3.50 | 3.50 | 3.556 | 1.667 | 0.167 | 0.044 |
- 1000-to-900 reverse split · 19 Sept 2022
- 1.03-for-1 split · 17 Nov 2009
- 27-for-25 split · 4 Aug 2008
- 1.049-for-1 split · 2 Aug 2005
- 21-for-20 split · 23 Aug 2002
- 1.19-for-1 split · 19 Jul 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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