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Thinking Electronic Industrial Co 2428.TW · TWD

Information Technology · Taiwan Stock Exchange · 🇹🇼 Taiwan

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193.50

+4.03%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 8.03bn

FY2016FY2025

Net income

TWD 1.51bn

FY2016FY2025

Free cash flow

TWD 1.68bn

FY2016FY2025

Shareholders' equity

TWD 11.17bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 8.03bnTWD 7.52bnTWD 7.08bnTWD 7.46bnTWD 7.50bnTWD 5.92bnTWD 5.81bnTWD 6.02bnTWD 5.83bnTWD 5.41bn
Gross profitTWD 3.23bnTWD 2.98bnTWD 2.74bnTWD 2.63bnTWD 3.24bnTWD 2.71bnTWD 2.34bnTWD 2.24bnTWD 2.05bnTWD 1.68bn
Research and developmentTWD 402.7mTWD 410.0mTWD 360.7mTWD 326.4mTWD 298.1mTWD 225.1mTWD 199.0mTWD 131.1mTWD 116.8mTWD 85.4m
Operating incomeTWD 2.01bnTWD 1.77bnTWD 1.59bnTWD 1.82bnTWD 2.17bnTWD 1.88bnTWD 1.52bnTWD 1.39bnTWD 1.24bnTWD 994.3m
Net incomeTWD 1.51bnTWD 1.55bnTWD 1.31bnTWD 1.37bnTWD 1.58bnTWD 1.39bnTWD 1.12bnTWD 982.8mTWD 1.08bnTWD 900.6m
Diluted earnings per share11.8512.0110.1610.6212.3010.778.687.668.467.00

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 16.58bnTWD 15.79bnTWD 13.65bnTWD 13.76bnTWD 12.67bnTWD 11.03bnTWD 8.75bnTWD 8.25bnTWD 7.66bnTWD 7.33bn
Cash and short-term investmentsTWD 5.88bnTWD 4.89bnTWD 4.12bnTWD 4.95bnTWD 4.47bnTWD 4.25bnTWD 3.10bnTWD 2.52bnTWD 2.24bnTWD 2.16bn
Total liabilitiesTWD 5.30bnTWD 5.08bnTWD 4.20bnTWD 4.81bnTWD 4.39bnTWD 3.59bnTWD 2.24bnTWD 2.19bnTWD 2.00bnTWD 2.29bn
DebtTWD 1.79bnTWD 1.39bnTWD 1.29bnTWD 1.87bnTWD 1.55bnTWD 969.6mTWD 217.4mTWD 175.0mTWD 175.0mTWD 305.0m
Shareholders' equityTWD 11.17bnTWD 10.59bnTWD 9.31bnTWD 8.81bnTWD 8.16bnTWD 7.31bnTWD 6.37bnTWD 5.92bnTWD 5.52bnTWD 4.89bn
Shares outstanding127m129m129m129m128m129m129m128m128m129m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 2.18bnTWD 1.79bnTWD 2.13bnTWD 1.87bnTWD 1.57bnTWD 1.34bnTWD 1.65bnTWD 1.34bnTWD 1.10bnTWD 985.0m
Capital spending−TWD 501.7m−TWD 470.8m−TWD 878.0m−TWD 974.4m−TWD 865.5m−TWD 370.7m−TWD 293.8m−TWD 490.4m−TWD 479.0m−TWD 527.3m
Free cash flowTWD 1.68bnTWD 1.32bnTWD 1.25bnTWD 893.7mTWD 708.5mTWD 972.3mTWD 1.35bnTWD 853.6mTWD 621.3mTWD 457.6m
Dividends paid−TWD 781.5m−TWD 666.2m−TWD 691.8m−TWD 807.1m−TWD 704.6m−TWD 538.1m−TWD 486.8m−TWD 512.5m−TWD 518.8m−TWD 337.4m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 2.70bnTWD 2.05bnTWD 2.00bnTWD 2.08bnTWD 2.06bnTWD 1.90bnTWD 2.03bnTWD 1.98bn
Gross profitTWD 990.3mTWD 676.5mTWD 783.6mTWD 819.5mTWD 858.6mTWD 742.6mTWD 754.7mTWD 783.5m
Operating incomeTWD 667.1mTWD 408.6mTWD 447.6mTWD 549.6mTWD 571.4mTWD 445.5mTWD 438.9mTWD 479.8m
Net incomeTWD 684.0mTWD 283.0mTWD 425.7mTWD 410.3mTWD 289.8mTWD 380.2mTWD 401.4mTWD 378.6m
Diluted earnings per share5.332.213.353.232.282.993.112.93
Cash from operations—TWD 190.0mTWD 495.0mTWD 482.0mTWD 645.0mTWD 357.0mTWD 634.0mTWD 274.0m
Capital spending—−TWD 99.0m−TWD 133.0m−TWD 154.0m−TWD 119.0m−TWD 102.0m−TWD 103.0m−TWD 109.0m
Free cash flow—TWD 91.0mTWD 362.0mTWD 328.0mTWD 526.0mTWD 255.0mTWD 531.0mTWD 165.0m
Total assetsTWD 18.68bnTWD 17.35bnTWD 16.58bnTWD 15.62bnTWD 14.95bnTWD 16.22bnTWD 15.79bnTWD 16.02bn
Cash and short-term investmentsTWD 6.80bnTWD 6.30bnTWD 5.88bnTWD 4.75bnTWD 4.55bnTWD 5.16bnTWD 4.89bnTWD 5.26bn
DebtTWD 1.44bnTWD 1.78bnTWD 1.80bnTWD 1.14bnTWD 1.14bnTWD 1.59bnTWD 1.70bnTWD 2.67bn
Shareholders' equityTWD 11.81bnTWD 11.75bnTWD 11.17bnTWD 10.44bnTWD 9.62bnTWD 11.08bnTWD 10.59bnTWD 10.10bn

Financial ratios

Data as of 25 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin40.2%39.6%38.8%35.3%43.2%45.9%
Operating margin25.0%23.6%22.5%24.4%28.9%31.7%
Net margin18.7%20.6%18.5%18.4%21.0%23.4%
Return on equity13.5%14.6%14.0%15.6%19.3%19.0%
Return on assets9.1%9.8%9.6%10.0%12.4%12.6%
Free cash flow yield8.3%6.9%9.2%8.6%7.5%5.2%
Revenue growth6.8%6.3%-5.2%-0.5%26.7%1.8%
Earnings growth-2.9%18.6%-4.8%-12.9%13.9%24.1%
Current ratio3.70x3.82x4.87x3.97x3.83x3.94x
Debt to equity0.16x0.16x0.14x0.21x0.20x0.15x
Equity ratio67.4%67.1%68.2%64.0%64.4%66.2%
Interest coverage89.16x74.23x94.57x105.88x187.54x206.38x
R&D as a share of sales5.0%5.5%5.1%4.4%4.0%3.8%
Buybacks as a share of market value1.6%-0.3%0.5%-0.9%0.3%-0.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue2.5%6.3%4.6%
Operating income3.4%1.4%8.9%
Net income3.1%1.7%8.1%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin39.9%38.5%40.3%38.1%
Operating margin24.3%23.9%25.8%24.1%
Net margin19.7%19.1%20.0%18.8%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings14.712.616.511.712.814.811.29.99.99.0
Price to sales2.82.63.12.12.73.52.11.61.91.5

Dividends and splits

Per share, in the currency the company pays

Paid for 25 years. Last went ex-dividend on 27 Aug 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year5.906.105.205.406.305.504.203.80
  • 1.09-for-1 split · 27 Aug 2007
  • 27-for-25 split · 9 Aug 2004
  • 1.06-for-1 split · 24 Jul 2003
  • 1.07-for-1 split · 5 Aug 2002
  • 27-for-25 split · 10 Aug 2001
  • 1.11-for-1 split · 7 Aug 2000

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.