F 
12.30
-2.38%
Close of 5 Nov 2026, in TWD
At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 525.0m
FY2016FY2025
Net income
−TWD 40.4m
FY2016FY2025
Free cash flow
TWD 32.6m
FY2016FY2025
Shareholders' equity
TWD 1.03bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 525.0m | TWD 355.0m | TWD 656.1m | TWD 532.9m | TWD 351.0m | TWD 573.1m | TWD 425.2m | TWD 370.4m | TWD 448.2m | TWD 516.6m |
| Gross profit | TWD 25.5m | −TWD 24.4m | TWD 197.1m | TWD 155.8m | TWD 68.0m | TWD 223.6m | TWD 110.7m | TWD 80.1m | TWD 138.8m | TWD 195.3m |
| Operating income | −TWD 29.9m | −TWD 151.2m | TWD 62.0m | TWD 28.4m | −TWD 20.0m | TWD 115.8m | −TWD 14.5m | −TWD 37.0m | TWD 21.5m | TWD 72.4m |
| Net income | −TWD 40.4m | −TWD 149.2m | TWD 49.0m | TWD 24.1m | −TWD 20.7m | TWD 97.4m | −TWD 16.0m | −TWD 31.3m | TWD 16.4m | TWD 62.2m |
| Diluted earnings per share | -0.38 | -1.41 | 0.47 | 0.23 | -0.20 | 0.93 | -0.15 | -0.29 | 0.16 | 0.60 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 1.67bn | TWD 1.81bn | TWD 1.80bn | TWD 1.85bn | TWD 1.45bn | TWD 1.50bn | TWD 1.49bn | TWD 1.46bn | TWD 1.47bn | TWD 1.53bn |
| Cash and short-term investments | TWD 51.3m | TWD 98.2m | TWD 63.4m | TWD 139.7m | TWD 60.4m | TWD 122.9m | TWD 95.7m | TWD 27.4m | TWD 18.2m | TWD 29.3m |
| Total liabilities | TWD 647.9m | TWD 742.9m | TWD 539.3m | TWD 636.2m | TWD 257.5m | TWD 220.5m | TWD 306.9m | TWD 265.2m | TWD 231.7m | TWD 252.3m |
| Debt | TWD 483.8m | TWD 563.7m | TWD 309.5m | TWD 379.7m | TWD 38.9m | TWD 1.9m | TWD 153.4m | TWD 104.9m | TWD 60.0m | TWD 60.0m |
| Shareholders' equity | TWD 1.03bn | TWD 1.07bn | TWD 1.26bn | TWD 1.22bn | TWD 1.19bn | TWD 1.28bn | TWD 1.18bn | TWD 1.20bn | TWD 1.24bn | TWD 1.28bn |
| Shares outstanding | 105m | 106m | 105m | 105m | 104m | 104m | 107m | 107m | 105m | 104m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 45.5m | −TWD 63.2m | TWD 130.7m | TWD 94.0m | TWD 32.3m | TWD 204.4m | TWD 39.8m | −TWD 2.2m | TWD 54.5m | TWD 93.7m |
| Capital spending | −TWD 13.0m | −TWD 105.2m | −TWD 119.5m | −TWD 313.5m | −TWD 57.0m | −TWD 25.8m | −TWD 14.5m | −TWD 21.6m | −TWD 13.0m | −TWD 6.2m |
| Free cash flow | TWD 32.6m | −TWD 168.4m | TWD 11.2m | −TWD 219.5m | −TWD 24.7m | TWD 178.6m | TWD 25.2m | −TWD 23.8m | TWD 41.5m | TWD 87.6m |
| Dividends paid | — | −TWD 43.9m | −TWD 9.3m | — | −TWD 73.5m | −TWD 73.5m | −TWD 73.5m | −TWD 11.8m | −TWD 52.5m | −TWD 89.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 132.4m | TWD 125.2m | TWD 101.7m | TWD 186.2m | TWD 122.5m | TWD 114.6m | TWD 104.2m | TWD 94.8m |
| Gross profit | TWD 25.6m | TWD 19.9m | TWD 2.9m | TWD 60.6m | TWD 20.5m | TWD 16.6m | TWD 5.4m | −TWD 6.5m |
| Operating income | −TWD 9.3m | −TWD 14.5m | −TWD 31.1m | TWD 24.5m | −TWD 12.1m | −TWD 16.1m | −TWD 27.5m | −TWD 37.2m |
| Net income | −TWD 7.5m | −TWD 14.6m | −TWD 28.7m | TWD 23.2m | −TWD 15.2m | −TWD 19.6m | −TWD 27.3m | −TWD 37.1m |
| Diluted earnings per share | -0.07 | -0.14 | -0.27 | 0.22 | -0.15 | -0.19 | -0.26 | -0.35 |
| Cash from operations | TWD 43.0m | TWD 5.0m | −TWD 11.0m | TWD 40.0m | TWD 23.0m | −TWD 6.0m | TWD 9.0m | −TWD 6.0m |
| Capital spending | −TWD 5.0m | — | −TWD 2.0m | −TWD 2.0m | −TWD 4.0m | −TWD 4.0m | −TWD 51.0m | −TWD 16.0m |
| Free cash flow | TWD 38.0m | — | −TWD 13.0m | TWD 38.0m | TWD 19.0m | −TWD 10.0m | −TWD 42.0m | −TWD 22.0m |
| Total assets | TWD 1.62bn | TWD 1.65bn | TWD 1.67bn | TWD 1.68bn | TWD 1.74bn | TWD 1.77bn | TWD 1.81bn | TWD 1.82bn |
| Cash and short-term investments | TWD 39.7m | TWD 49.3m | TWD 51.3m | TWD 34.9m | TWD 73.7m | TWD 86.3m | TWD 98.2m | TWD 86.6m |
| Debt | TWD 404.4m | TWD 448.8m | TWD 459.0m | TWD 422.9m | TWD 501.4m | TWD 531.4m | TWD 531.6m | TWD 477.2m |
| Shareholders' equity | TWD 1.00bn | TWD 1.01bn | TWD 1.03bn | TWD 1.05bn | TWD 1.03bn | TWD 1.05bn | TWD 1.07bn | TWD 1.09bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.5% | -1.7% | -0.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 0.1% | 17.1% | 21.6% | 26.3% |
| Operating margin | -20.6% | -4.4% | 0.2% | 2.8% |
| Net margin | -21.5% | -5.6% | -1.3% | 1.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -47.7 | -19.1 | 74.7 | 139.5 | -213.6 | 55.6 | -363.4 | -135.4 | 173.7 | 44.7 |
| Price to sales | 3.7 | 8.0 | 5.6 | 6.3 | 12.6 | 9.4 | 13.7 | 11.5 | 6.4 | 5.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 23 Jul 2024.
| FY2024 | FY2023 | FY2021 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.418 | 0.089 | 0.639 | 0.112 | 0.50 | 0.85 | 1.00 | 0.55 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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