L 
Liwanli Innovation Co 3054.TW · TWD
Information Technology · Taiwan Stock Exchange · 🇹🇼 Taiwan
55.80
+3.53%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 125.5m
FY2016FY2025
Net income
TWD 158.1m
FY2016FY2025
Free cash flow
−TWD 75.8m
FY2016FY2025
Shareholders' equity
TWD 1.06bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 125.5m | TWD 99.2m | TWD 38.9m | TWD 34.0m | TWD 47.8m | TWD 276.9m | TWD 129.8m | TWD 185.5m | TWD 348.2m | TWD 323.1m |
| Research and development | TWD 9.8m | — | TWD 10,000 | TWD 87,000 | TWD 174,000 | TWD 4.3m | TWD 17.3m | TWD 25.8m | TWD 32.7m | TWD 29.1m |
| Operating income | −TWD 70.8m | −TWD 37.8m | −TWD 38.3m | −TWD 119.9m | TWD 57.8m | −TWD 16.4m | TWD 16.8m | TWD 6.3m | TWD 93.7m | TWD 72.9m |
| Net income | TWD 158.1m | −TWD 32.1m | TWD 5.1m | −TWD 120.9m | TWD 45.6m | −TWD 13.6m | TWD 2.8m | TWD 891,000 | TWD 81.9m | TWD 62.8m |
| Diluted earnings per share | 1.96 | -0.40 | 0.06 | -1.50 | 0.55 | -0.17 | 0.04 | 0.01 | 0.94 | 0.81 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 1.14bn | TWD 792.2m | TWD 834.2m | TWD 805.9m | TWD 947.9m | TWD 1.00bn | TWD 1.13bn | TWD 1.06bn | TWD 1.61bn | TWD 1.74bn |
| Cash and short-term investments | TWD 446.7m | TWD 337.7m | TWD 356.4m | TWD 386.3m | TWD 511.5m | TWD 465.9m | TWD 505.6m | TWD 429.5m | TWD 815.9m | TWD 751.5m |
| Total liabilities | TWD 85.5m | TWD 39.2m | TWD 50.7m | TWD 40.6m | TWD 50.4m | TWD 67.3m | TWD 168.2m | TWD 37.0m | TWD 71.3m | TWD 222.7m |
| Debt | TWD 1.2m | TWD 361,000 | TWD 836,000 | TWD 1.3m | TWD 1.3m | TWD 27.3m | TWD 4.8m | — | — | TWD 161.1m |
| Shareholders' equity | TWD 1.06bn | TWD 753.0m | TWD 783.5m | TWD 765.4m | TWD 897.5m | TWD 936.0m | TWD 965.8m | TWD 1.02bn | TWD 1.53bn | TWD 1.51bn |
| Shares outstanding | 81m | 81m | 81m | 81m | 83m | 82m | 78m | 92m | 87m | 78m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 71.8m | TWD 14.2m | −TWD 50.3m | TWD 78.5m | −TWD 61.1m | −TWD 36.6m | −TWD 109.2m | −TWD 123.1m | TWD 96.0m | TWD 112.7m |
| Capital spending | −TWD 4.1m | −TWD 10.5m | −TWD 112,000 | −TWD 387,000 | −TWD 2.2m | −TWD 1.7m | −TWD 4.2m | −TWD 585,000 | −TWD 2.0m | −TWD 5,000 |
| Free cash flow | −TWD 75.8m | TWD 3.7m | −TWD 50.5m | TWD 78.1m | −TWD 63.3m | −TWD 38.3m | −TWD 113.4m | −TWD 123.7m | TWD 94.1m | TWD 112.7m |
| Dividends paid | — | — | — | — | — | — | — | −TWD 44.9m | −TWD 13.0m | −TWD 13.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 203.4m | TWD 135.9m | TWD 23.9m | TWD 51.5m | TWD 31.9m | TWD 18.3m | TWD 17.3m | TWD 23.5m |
| Operating income | TWD 56.0m | TWD 73.0m | −TWD 45.1m | −TWD 9.4m | −TWD 7.0m | −TWD 10.3m | −TWD 10.8m | −TWD 11.2m |
| Net income | TWD 120.2m | TWD 113.8m | TWD 104.7m | TWD 53.1m | TWD 1.7m | −TWD 1.3m | −TWD 3.1m | −TWD 23.2m |
| Diluted earnings per share | 1.48 | 1.40 | 1.30 | 0.66 | 0.02 | -0.02 | -0.04 | -0.29 |
| Cash from operations | TWD 164.0m | TWD 11.0m | −TWD 26.0m | — | −TWD 41.0m | −TWD 5.0m | TWD 13.0m | TWD 2.0m |
| Capital spending | — | — | — | — | — | −TWD 2.0m | −TWD 8.0m | −TWD 1.0m |
| Free cash flow | — | — | — | — | — | −TWD 7.0m | TWD 5.0m | TWD 1.0m |
| Total assets | TWD 1.74bn | TWD 1.49bn | TWD 1.14bn | TWD 921.6m | TWD 776.2m | TWD 772.2m | TWD 792.2m | TWD 794.3m |
| Cash and short-term investments | TWD 710.7m | TWD 490.0m | TWD 446.7m | TWD 327.1m | TWD 301.0m | TWD 333.2m | TWD 337.7m | TWD 335.9m |
| Debt | TWD 430,000 | TWD 1.2m | TWD 2.3m | — | TWD 242,000 | TWD 962,000 | TWD 1.8m | TWD 3.6m |
| Shareholders' equity | TWD 1.54bn | TWD 1.34bn | TWD 1.06bn | TWD 884.0m | TWD 743.3m | TWD 737.7m | TWD 753.0m | TWD 759.1m |
Financial ratios
Data as of 10 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | -56.4% | -30.6% | 6.6% | -352.9% | 120.8% | -4.3% | — |
| Net margin | 126.0% | -32.3% | 13.1% | -355.7% | 95.3% | -4.9% | — |
| Return on equity | 15.0% | -4.3% | 0.7% | -15.8% | 5.1% | -1.5% | — |
| Return on assets | 13.9% | -4.0% | 0.6% | -15.0% | 4.8% | -1.4% | — |
| Free cash flow yield | -1.4% | 0.5% | -1.1% | 1.7% | -1.2% | -0.7% | — |
| Revenue growth | 26.6% | 155.0% | 14.4% | -28.9% | -82.7% | 113.3% | — |
| Earnings growth | -593.1% | -728.5% | -104.2% | -365.4% | -434.7% | -589.3% | — |
| Current ratio | 7.05x | 11.15x | 9.41x | 11.82x | 11.84x | 9.56x | — |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.03x | — |
| Equity ratio | 92.5% | 95.0% | 93.9% | 95.0% | 94.7% | 93.3% | — |
| Interest coverage | -103.10x | -58.78x | 4.39x | -383.19x | 112.80x | -6.72x | — |
| R&D as a share of sales | 7.8% | — | 0.0% | 0.3% | 0.4% | 1.6% | 13.3% |
| Buybacks as a share of market value | -0.1% | 0.0% | -0.0% | 2.9% | -1.0% | -5.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 54.6% | -14.6% | -17.3% |
| Operating income | -16.1% | 34.0% | -3.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -48.3% | -89.7% | -36.2% | -5.8% |
| Net margin | 56.1% | 3.5% | 6.8% | 3.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.6 | -62.0 | 331.9 | -13.3 | 47.0 | -144.9 | — | — | 26.4 | 35.8 |
| Price to sales | 20.9 | 20.1 | 43.5 | 47.3 | 44.8 | 7.1 | 17.1 | 13.1 | 6.2 | 7.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 25 Sept 2018.
| FY2018 | FY2017 | FY2015 | FY2014 | FY2011 | FY2010 | FY2004 | FY2003 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 3.991 | 0.148 | 0.168 | 2.012 | 1.83 | 0.283 | 0.711 | 3.29 |
- 1000-to-743.339 reverse split · 25 Sept 2018
- 100-to-37.8637 reverse split · 6 Mar 2006
- 1-to-1 reverse split · 30 Mar 2005
- 27-for-25 split · 19 Aug 2004
- 13-for-10 split · 10 Jul 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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