W 
Welltend Technology 3021.TW · TWD
Information Technology · Taiwan Stock Exchange · 🇹🇼 Taiwan
21.60
+4.85%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 3.34bn
FY2016FY2025
Net income
TWD 31.2m
FY2016FY2025
Free cash flow
TWD 98.5m
FY2016FY2025
Shareholders' equity
TWD 1.59bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 3.34bn | TWD 3.47bn | TWD 3.00bn | TWD 3.91bn | TWD 3.37bn | TWD 2.72bn | TWD 2.51bn | TWD 2.37bn | TWD 2.09bn | TWD 1.91bn |
| Gross profit | TWD 519.0m | TWD 580.9m | TWD 544.7m | TWD 722.9m | TWD 682.5m | TWD 572.4m | TWD 575.9m | TWD 556.8m | TWD 510.2m | TWD 454.2m |
| Operating income | TWD 110.1m | TWD 200.1m | TWD 189.0m | TWD 326.1m | TWD 223.9m | TWD 160.1m | TWD 199.5m | TWD 168.2m | TWD 165.8m | TWD 128.7m |
| Net income | TWD 31.2m | TWD 55.5m | TWD 128.6m | TWD 184.2m | TWD 130.7m | TWD 96.0m | TWD 136.4m | TWD 124.6m | TWD 108.9m | TWD 105.6m |
| Diluted earnings per share | 0.32 | 0.58 | 1.34 | 1.90 | 1.18 | 1.01 | 1.39 | 1.27 | 1.10 | 1.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 3.24bn | TWD 3.17bn | TWD 2.93bn | TWD 3.08bn | TWD 2.79bn | TWD 2.72bn | TWD 2.43bn | TWD 2.26bn | TWD 2.04bn | TWD 1.91bn |
| Cash and short-term investments | TWD 1.06bn | TWD 1.04bn | TWD 864.2m | TWD 566.9m | TWD 456.1m | TWD 611.5m | TWD 725.5m | TWD 615.0m | TWD 583.4m | TWD 533.6m |
| Total liabilities | TWD 1.59bn | TWD 1.50bn | TWD 1.40bn | TWD 1.59bn | TWD 1.52bn | TWD 1.46bn | TWD 1.21bn | TWD 1.06bn | TWD 863.3m | TWD 778.6m |
| Debt | TWD 825.0m | TWD 736.0m | TWD 740.9m | TWD 765.3m | TWD 733.5m | TWD 735.5m | TWD 648.8m | TWD 526.7m | TWD 451.8m | TWD 377.7m |
| Shareholders' equity | TWD 1.59bn | TWD 1.63bn | TWD 1.53bn | TWD 1.49bn | TWD 1.27bn | TWD 1.25bn | TWD 1.22bn | TWD 1.20bn | TWD 1.18bn | TWD 1.13bn |
| Shares outstanding | 98m | 96m | 96m | 97m | 111m | 95m | 98m | 98m | 99m | 101m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 197.8m | TWD 207.2m | TWD 454.8m | TWD 158.1m | TWD 15.2m | TWD 68.9m | TWD 251.6m | TWD 123.8m | TWD 33.6m | TWD 269.5m |
| Capital spending | −TWD 99.3m | −TWD 28.1m | −TWD 42.2m | −TWD 47.0m | −TWD 44.9m | −TWD 180.9m | −TWD 40.0m | −TWD 47.7m | −TWD 51.7m | −TWD 38.8m |
| Free cash flow | TWD 98.5m | TWD 179.2m | TWD 412.6m | TWD 111.1m | −TWD 29.7m | −TWD 112.0m | TWD 211.6m | TWD 76.0m | −TWD 18.1m | TWD 230.7m |
| Dividends paid | −TWD 28.8m | −TWD 28.8m | −TWD 67.1m | −TWD 27.9m | −TWD 65.1m | −TWD 37.9m | −TWD 71.1m | −TWD 71.9m | −TWD 66.0m | −TWD 66.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 765.8m | TWD 703.9m | TWD 925.8m | TWD 883.9m | TWD 819.0m | TWD 707.3m | TWD 814.0m | TWD 1.01bn |
| Gross profit | TWD 157.7m | TWD 136.7m | TWD 125.4m | TWD 163.7m | TWD 128.3m | TWD 101.6m | TWD 118.4m | TWD 174.6m |
| Operating income | TWD 54.8m | TWD 32.3m | TWD 14.4m | TWD 55.4m | TWD 33.1m | TWD 5.2m | TWD 20.7m | TWD 75.3m |
| Net income | TWD 25.8m | TWD 17.9m | −TWD 13.3m | TWD 41.2m | TWD 9.0m | −TWD 5.7m | −TWD 58.1m | TWD 46.1m |
| Diluted earnings per share | 0.27 | 0.19 | -0.14 | 0.42 | 0.09 | -0.06 | -0.61 | 0.48 |
| Cash from operations | −TWD 14.0m | TWD 38.0m | TWD 92.0m | TWD 43.0m | TWD 93.0m | −TWD 31.0m | TWD 136.0m | TWD 2.0m |
| Capital spending | −TWD 8.0m | −TWD 10.0m | −TWD 20.0m | −TWD 47.0m | −TWD 22.0m | −TWD 9.0m | −TWD 9.0m | −TWD 9.0m |
| Free cash flow | −TWD 22.0m | TWD 28.0m | TWD 72.0m | −TWD 4.0m | TWD 71.0m | −TWD 40.0m | TWD 127.0m | −TWD 7.0m |
| Total assets | TWD 3.27bn | TWD 3.15bn | TWD 3.24bn | TWD 3.27bn | TWD 3.01bn | TWD 3.29bn | TWD 3.17bn | TWD 3.43bn |
| Cash and short-term investments | TWD 1.04bn | TWD 1.04bn | TWD 1.06bn | TWD 977.2m | TWD 920.7m | TWD 1.10bn | TWD 990.8m | TWD 955.0m |
| Debt | TWD 809.2m | TWD 679.5m | TWD 745.0m | TWD 750.9m | TWD 775.3m | TWD 821.6m | TWD 711.4m | TWD 797.5m |
| Shareholders' equity | TWD 1.59bn | TWD 1.57bn | TWD 1.59bn | TWD 1.53bn | TWD 1.43bn | TWD 1.63bn | TWD 1.63bn | TWD 1.70bn |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2009 | FY2007 | FY2006 | FY2005 | FY2004 | FY2003 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 15.6% | 16.7% | 18.2% | 18.5% | 20.2% | 21.1% | — | — | — | — | — | — |
| Operating margin | 3.3% | 4.8% | 6.7% | 8.3% | 6.6% | 5.8% | — | — | — | — | — | — |
| Net margin | 0.9% | 1.6% | 4.3% | 4.7% | 3.9% | 3.5% | — | — | — | — | — | — |
| Return on equity | 2.0% | 3.4% | 8.4% | 12.4% | 10.3% | 7.6% | — | — | — | — | — | — |
| Return on assets | 1.0% | 1.7% | 4.4% | 6.0% | 4.7% | 3.5% | — | — | — | — | — | — |
| Free cash flow yield | 12.9% | 10.4% | 22.0% | 9.0% | 2.3% | 11.2% | — | — | — | — | — | — |
| Revenue growth | -3.9% | 15.8% | -23.3% | 15.9% | 24.2% | 8.2% | — | — | — | — | — | — |
| Earnings growth | -43.7% | -56.8% | -30.2% | 40.9% | 36.2% | -29.6% | — | — | — | — | — | — |
| Current ratio | 1.72x | 1.81x | 1.78x | 1.65x | 1.51x | 1.48x | — | — | — | — | — | — |
| Debt to equity | 0.47x | 0.44x | 0.47x | 0.49x | 0.55x | 0.56x | — | — | — | — | — | — |
| Equity ratio | 49.2% | 51.5% | 52.3% | 48.2% | 45.5% | 46.2% | — | — | — | — | — | — |
| Interest coverage | 6.63x | 11.59x | 15.12x | 28.76x | 23.05x | 17.90x | — | — | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.0% | 0.2% | 1.2% | 2.8% | 1.9% | 2.0% |
| Buybacks as a share of market value | -1.7% | 0.0% | 1.0% | 12.6% | -17.1% | 3.5% | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.1% | 4.2% | 6.5% |
| Operating income | -30.4% | -7.2% | 5.5% |
| Net income | -44.6% | -20.1% | -9.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.2% | 17.3% | 18.3% | 20.1% |
| Operating margin | 4.6% | 6.0% | 6.1% | 6.4% |
| Net margin | 1.3% | 2.9% | 3.2% | 3.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 55.9 | 46.9 | 15.0 | 10.5 | 21.0 | 14.6 | 11.0 | 11.1 | 12.9 | 11.6 |
| Price to sales | 0.5 | 0.8 | 0.6 | 0.5 | 0.8 | 0.5 | 0.6 | 0.6 | 0.7 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 12 years. Last went ex-dividend on 26 Sept 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.303 | 0.30 | 0.70 | 0.30 | 0.68 | 0.396 | 0.728 | 0.728 |
- 1.03-for-1 split · 25 Aug 2022
- 1000-to-900 reverse split · 7 Oct 2016
- 1-to-1 reverse split · 1 Jan 2007
- 100-to-10 reverse split · 21 Sept 2006
- 21-for-20 split · 25 Jul 2003
- 13-for-10 split · 9 Sept 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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