5.14
-0.77%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 1.49bn
FY2016FY2025
Net income
−TWD 1.34bn
FY2016FY2025
Free cash flow
TWD 825.7m
FY2016FY2025
Shareholders' equity
TWD 7.36bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 1.49bn | TWD 4.85bn | TWD 5.50bn | TWD 6.33bn | TWD 6.93bn | TWD 6.44bn | TWD 8.13bn | TWD 8.04bn | TWD 7.30bn | TWD 7.62bn |
| Operating income | TWD 45.4m | −TWD 7.5m | −TWD 250.1m | TWD 1.11bn | TWD 1.04bn | TWD 550.7m | TWD 2.99bn | TWD 1.02bn | TWD 984.2m | TWD 575.2m |
| Net income | −TWD 1.34bn | −TWD 288.8m | −TWD 1.67bn | −TWD 355.4m | TWD 53.1m | −TWD 321.1m | TWD 1.40bn | TWD 6.4m | TWD 565.0m | −TWD 1.09bn |
| Diluted earnings per share | -1.69 | -0.35 | -2.02 | -0.43 | 0.06 | -0.41 | 2.04 | 0.01 | 0.81 | -2.59 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 11.78bn | TWD 34.89bn | TWD 35.37bn | TWD 35.77bn | TWD 38.99bn | TWD 36.40bn | TWD 38.27bn | TWD 34.48bn | TWD 35.02bn | TWD 35.85bn |
| Cash and short-term investments | TWD 494.5m | TWD 1.90bn | TWD 2.46bn | TWD 3.34bn | TWD 4.49bn | TWD 4.59bn | TWD 5.86bn | TWD 7.16bn | TWD 7.66bn | TWD 8.80bn |
| Total liabilities | TWD 4.33bn | TWD 23.79bn | TWD 24.42bn | TWD 22.12bn | TWD 25.73bn | TWD 24.29bn | TWD 25.01bn | TWD 21.40bn | TWD 22.09bn | TWD 25.18bn |
| Debt | TWD 3.92bn | TWD 18.66bn | TWD 18.97bn | TWD 19.34bn | TWD 21.66bn | TWD 20.23bn | TWD 19.87bn | TWD 12.89bn | TWD 13.32bn | TWD 16.79bn |
| Shareholders' equity | TWD 7.36bn | TWD 9.02bn | TWD 8.73bn | TWD 10.52bn | TWD 9.82bn | TWD 8.46bn | TWD 9.14bn | TWD 8.71bn | TWD 8.54bn | TWD 6.56bn |
| Shares outstanding | 794m | 825m | 825m | 825m | 856m | 779m | 690m | 688m | 701m | 420m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 902.7m | TWD 1.10bn | TWD 1.79bn | TWD 528.4m | TWD 2.55bn | TWD 200.1m | TWD 2.08bn | TWD 916.8m | TWD 1.09bn | TWD 921.2m |
| Capital spending | −TWD 77.0m | −TWD 102.7m | −TWD 276.8m | −TWD 220.5m | −TWD 938.3m | −TWD 1.36bn | −TWD 1.30bn | −TWD 994.1m | −TWD 2.34bn | −TWD 2.22bn |
| Free cash flow | TWD 825.7m | TWD 1.00bn | TWD 1.52bn | TWD 307.9m | TWD 1.61bn | −TWD 1.16bn | TWD 785.9m | −TWD 77.3m | −TWD 1.24bn | −TWD 1.30bn |
| Dividends paid | — | — | — | — | −TWD 81.5m | −TWD 248.2m | −TWD 63.1m | −TWD 99.6m | −TWD 63.1m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 407.3m | TWD 568.0m | −TWD 1.66bn | TWD 980.6m | TWD 1.01bn | TWD 1.16bn | TWD 1.25bn | TWD 1.11bn |
| Operating income | TWD 38.5m | TWD 54.4m | TWD 191.0m | −TWD 66.0m | −TWD 65.4m | −TWD 15.4m | TWD 6.8m | −TWD 84.4m |
| Net income | −TWD 150.4m | −TWD 13.8m | −TWD 1.07bn | −TWD 71.5m | −TWD 76.5m | −TWD 130.3m | −TWD 166.7m | −TWD 58.1m |
| Diluted earnings per share | -0.18 | -0.02 | -1.34 | -0.09 | -0.10 | -0.16 | -0.20 | -0.07 |
| Cash from operations | TWD 133.0m | TWD 323.0m | TWD 536.0m | TWD 183.0m | TWD 205.0m | −TWD 29.0m | TWD 669.0m | TWD 136.0m |
| Capital spending | — | — | −TWD 35.0m | −TWD 15.0m | −TWD 12.0m | −TWD 12.0m | −TWD 15.0m | −TWD 32.0m |
| Free cash flow | — | — | TWD 501.0m | TWD 168.0m | TWD 193.0m | −TWD 41.0m | TWD 654.0m | TWD 104.0m |
| Total assets | TWD 11.40bn | TWD 11.57bn | TWD 11.78bn | TWD 30.67bn | TWD 29.90bn | TWD 34.30bn | TWD 34.89bn | TWD 35.13bn |
| Cash and short-term investments | TWD 396.4m | TWD 374.5m | TWD 494.5m | TWD 1.08bn | TWD 1.23bn | TWD 1.52bn | TWD 1.90bn | TWD 1.71bn |
| Debt | TWD 2.61bn | TWD 3.52bn | TWD 3.92bn | TWD 7.95bn | TWD 7.71bn | TWD 8.78bn | TWD 8.78bn | TWD 9.22bn |
| Shareholders' equity | TWD 7.35bn | TWD 7.52bn | TWD 7.36bn | TWD 7.51bn | TWD 7.29bn | TWD 9.02bn | TWD 9.02bn | TWD 8.93bn |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 6.3% | 7.8% | -25.1% | 12.1% | 15.1% | 8.6% |
| Net margin | -90.2% | -6.0% | -30.3% | -5.6% | 0.8% | -5.0% |
| Return on equity | -18.2% | -3.2% | -19.1% | -3.4% | 0.5% | -3.8% |
| Return on assets | -11.4% | -0.8% | -4.7% | -1.0% | 0.1% | -0.9% |
| Free cash flow yield | 18.8% | 22.1% | 35.9% | 10.6% | 49.2% | 4.2% |
| Revenue growth | -69.3% | -11.8% | -13.0% | -8.7% | 7.5% | -20.8% |
| Earnings growth | 365.4% | -82.7% | 369.7% | -769.4% | -116.5% | -122.9% |
| Current ratio | 1.00x | 0.47x | 0.65x | 0.90x | 0.86x | 0.59x |
| Debt to equity | 0.53x | 0.97x | 1.09x | 0.98x | 1.11x | 1.53x |
| Equity ratio | 62.5% | 25.9% | 24.7% | 29.4% | 25.2% | 23.2% |
| Interest coverage | 0.52x | 0.44x | -1.50x | 0.90x | 1.53x | 0.72x |
| Buybacks as a share of market value | 3.7% | 0.0% | 0.0% | 3.7% | -10.0% | -12.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -38.3% | -25.4% | -16.0% |
| Operating income | -65.5% | -39.3% | -27.7% |
| Net income | 55.8% | 33.1% | -1.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 0.6% | 4.9% | 7.9% | 13.0% |
| Net margin | -25.8% | -20.1% | -12.4% | -6.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.8 | -24.6 | -5.2 | -24.2 | 252.4 | -33.3 | 6.0 | — | 12.2 | -2.9 |
| Price to sales | 3.5 | 1.5 | 1.6 | 1.4 | 1.9 | 1.7 | 1.0 | 1.0 | 0.9 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 30 Oct 2020.
| FY2020 | FY2019 | FY2015 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.478 | 0.11 | 0.265 | 0.27 | 0.508 | 1.022 | 1.029 | 1.043 |
- 1.09-for-1 split · 30 Oct 2020
- 1.103-for-1 split · 11 Aug 2009
- 100-to-65.63 reverse split · 23 Apr 2004
- 100-to-48 reverse split · 31 Oct 2002
- 1.06-for-1 split · 18 Jul 1998
- 1.094-for-1 split · 9 Jul 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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