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We & Win Development Co 2537.TW · TWD

Real Estate · Taiwan Stock Exchange · 🇹🇼 Taiwan

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10.90

+0.46%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 1.26bn

FY2016FY2025

Net income

TWD 43.7m

FY2016FY2025

Free cash flow

−TWD 1.04bn

FY2016FY2025

Shareholders' equity

TWD 4.43bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 1.26bnTWD 2.21bnTWD 545.9mTWD 1.68bnTWD 2.33bnTWD 1.48bnTWD 788.7mTWD 1.90bnTWD 352.2mTWD 1.36bn
Operating incomeTWD 157.0mTWD 465.5mTWD 37.3mTWD 248.8mTWD 531.8mTWD 221.1m−TWD 191.0mTWD 82.4m−TWD 7.2mTWD 419.8m
Net incomeTWD 43.7mTWD 314.8m−TWD 60.1mTWD 77.9mTWD 414.7mTWD 176.4m−TWD 264.3mTWD 28.4m−TWD 51.5mTWD 360.8m
Diluted earnings per share0.151.04-0.200.261.380.56-0.870.09-0.171.16

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 18.52bnTWD 17.12bnTWD 15.77bnTWD 15.06bnTWD 14.85bnTWD 12.24bnTWD 8.83bnTWD 8.39bnTWD 7.68bnTWD 6.54bn
Cash and short-term investmentsTWD 1.61bnTWD 1.69bnTWD 1.26bnTWD 1.26bnTWD 1.63bnTWD 1.18bnTWD 657.1mTWD 809.3mTWD 649.8mTWD 717.9m
Total liabilitiesTWD 14.09bnTWD 12.73bnTWD 11.70bnTWD 10.92bnTWD 10.53bnTWD 8.21bnTWD 4.98bnTWD 4.27bnTWD 3.65bnTWD 2.34bn
DebtTWD 10.83bnTWD 9.77bnTWD 9.42bnTWD 9.21bnTWD 7.51bnTWD 6.16bnTWD 3.77bnTWD 3.44bnTWD 3.08bnTWD 1.96bn
Shareholders' equityTWD 4.43bnTWD 4.39bnTWD 4.08bnTWD 4.14bnTWD 4.33bnTWD 4.03bnTWD 3.86bnTWD 4.12bnTWD 4.04bnTWD 4.20bn
Shares outstanding301m302m301m301m300m315m305m301m297m310m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations−TWD 1.04bn−TWD 113.7m−TWD 351.7m−TWD 1.72bnTWD 32.9m−TWD 2.81bn−TWD 292.8m−TWD 20.3m−TWD 1.19bn−TWD 21.9m
Capital spending——−TWD 2.5m—−TWD 87,000−TWD 1.3m−TWD 3.7m−TWD 5.5m−TWD 245,000−TWD 1.3m
Free cash flow−TWD 1.04bn−TWD 113.7m−TWD 354.3m−TWD 1.72bnTWD 32.8m−TWD 2.81bn−TWD 296.5m−TWD 25.8m−TWD 1.19bn−TWD 23.3m
Dividends paid———−TWD 270.5m−TWD 120.2m−TWD 120.2m−TWD 120.2m−TWD 120.2m−TWD 115.6m−TWD 214.1m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 252.3mTWD 1.21bnTWD 658.5mTWD 164.3mTWD 128.2mTWD 304.6mTWD 701.3mTWD 275.8m
Operating incomeTWD 45.9mTWD 167.4mTWD 47.5mTWD 13.9mTWD 11.4mTWD 89.1mTWD 204.8mTWD 51.6m
Net incomeTWD 4.6mTWD 119.3mTWD 12.4m−TWD 14.7m−TWD 21.9mTWD 67.8mTWD 137.5mTWD 24.9m
Diluted earnings per share0.010.260.04-0.05-0.070.230.460.08
Cash from operations−TWD 151.0mTWD 342.0mTWD 144.0m−TWD 357.0m−TWD 337.0m−TWD 476.0m−TWD 33.0m−TWD 521.0m
Total assetsTWD 18.88bnTWD 18.46bnTWD 18.52bnTWD 18.60bnTWD 18.06bnTWD 17.39bnTWD 17.12bnTWD 16.95bn
Cash and short-term investmentsTWD 750.3mTWD 1.36bnTWD 1.61bnTWD 1.27bnTWD 1.91bnTWD 1.76bnTWD 1.69bnTWD 1.60bn
DebtTWD 10.23bnTWD 10.73bnTWD 10.83bnTWD 10.01bnTWD 10.78bnTWD 10.13bnTWD 9.76bnTWD 9.70bn
Shareholders' equityTWD 4.56bnTWD 4.55bnTWD 4.43bnTWD 4.42bnTWD 4.44bnTWD 4.46bnTWD 4.39bnTWD 4.25bn

Financial ratios

Data as of 23 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating margin13.7%22.3%9.7%14.8%22.8%15.0%———
Net margin3.5%14.2%-11.0%4.6%17.8%11.9%———
Return on equity1.0%7.2%-1.5%1.9%9.6%4.4%———
Return on assets0.2%1.8%-0.4%0.5%2.8%1.4%———
Free cash flow yield——-10.7%—1.0%-81.6%-8.7%-0.5%-36.9%
Revenue growth-43.3%305.6%-67.5%-27.9%58.1%87.2%———
Earnings growth-86.1%-623.5%-177.2%-81.2%135.1%-166.7%———
Current ratio1.36x1.46x1.53x1.59x1.64x1.55x———
Debt to equity2.44x2.22x2.31x2.21x1.70x1.69x———
Equity ratio23.9%25.6%25.8%27.5%29.1%32.9%———
Interest coverage1.84x5.27x0.44x1.99x6.88x5.67x———
Buybacks as a share of market value0.4%-0.4%0.0%-0.2%4.9%-3.5%———

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-9.3%-3.2%-5.3%
Operating income-14.2%-6.6%-14.3%
Net income-17.6%-24.4%-23.9%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin17.9%15.9%17.5%16.8%
Net margin10.3%6.6%10.2%10.7%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings82.311.7-44.227.47.517.4-12.664.1-47.47.9
Price to sales2.91.74.91.31.32.14.21.06.92.1

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 2 Aug 2022.

FY2022FY2021FY2017FY2016FY2015FY2014
Paid in the year0.900.400.3850.7120.1650.153
  • 1.04-for-1 split · 28 Aug 2017
  • 27-for-25 split · 7 Sept 2016
  • 27-for-25 split · 5 Nov 2015
  • 1.08-for-1 split · 28 Aug 2014
  • 100-to-39 reverse split · 3 Oct 2006
  • 100-to-56.3 reverse split · 3 Jan 2006

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.