M 
Min Aik Technology Co 3060.TW · TWD
Information Technology · Taiwan Stock Exchange · 🇹🇼 Taiwan
23.85
+9.91%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 3.82bn
FY2016FY2025
Net income
−TWD 53.9m
FY2016FY2025
Free cash flow
TWD 100.8m
FY2016FY2025
Shareholders' equity
TWD 2.65bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 3.82bn | TWD 3.51bn | TWD 2.66bn | TWD 3.22bn | TWD 4.16bn | TWD 3.89bn | TWD 5.40bn | TWD 6.79bn | TWD 7.66bn | TWD 8.37bn |
| Gross profit | TWD 469.8m | TWD 458.0m | TWD 222.9m | TWD 374.8m | TWD 685.3m | TWD 259.3m | TWD 141.3m | TWD 308.1m | TWD 615.2m | TWD 1.01bn |
| Research and development | TWD 114.6m | TWD 128.5m | TWD 115.6m | TWD 148.0m | TWD 134.7m | TWD 157.3m | TWD 190.5m | TWD 208.0m | TWD 216.3m | TWD 210.5m |
| Operating income | TWD 26.8m | TWD 9.1m | −TWD 217.1m | TWD 46.4m | TWD 258.2m | −TWD 256.2m | −TWD 553.1m | −TWD 390.0m | −TWD 75.2m | TWD 305.2m |
| Net income | −TWD 53.9m | TWD 62.4m | −TWD 215.6m | TWD 20.6m | TWD 186.9m | −TWD 281.6m | −TWD 471.9m | −TWD 329.2m | TWD 54.4m | TWD 213.9m |
| Diluted earnings per share | -0.39 | 0.45 | -1.57 | 0.15 | 1.35 | -2.03 | -3.42 | -2.36 | 0.37 | 1.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 4.51bn | TWD 4.51bn | TWD 4.16bn | TWD 4.43bn | TWD 5.12bn | TWD 4.67bn | TWD 5.43bn | TWD 6.48bn | TWD 7.22bn | TWD 8.08bn |
| Cash and short-term investments | TWD 657.3m | TWD 760.1m | TWD 694.8m | TWD 430.6m | TWD 702.0m | TWD 910.5m | TWD 605.4m | TWD 1.05bn | TWD 1.85bn | TWD 2.58bn |
| Total liabilities | TWD 1.85bn | TWD 1.80bn | TWD 1.64bn | TWD 1.56bn | TWD 2.21bn | TWD 1.78bn | TWD 2.20bn | TWD 2.70bn | TWD 3.03bn | TWD 3.28bn |
| Debt | TWD 429.1m | TWD 604.6m | TWD 623.9m | TWD 675.2m | TWD 780.7m | TWD 685.6m | TWD 790.9m | TWD 819.0m | TWD 744.7m | TWD 766.0m |
| Shareholders' equity | TWD 2.65bn | TWD 2.70bn | TWD 2.52bn | TWD 2.85bn | TWD 2.87bn | TWD 2.84bn | TWD 3.16bn | TWD 3.60bn | TWD 3.97bn | TWD 4.57bn |
| Shares outstanding | 138m | 138m | 138m | 138m | 138m | 139m | 138m | 139m | 149m | 175m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 152.0m | −TWD 61.0m | TWD 422.5m | −TWD 46.0m | TWD 44.0m | TWD 553.9m | −TWD 159.8m | −TWD 448.4m | TWD 51.8m | TWD 919.6m |
| Capital spending | −TWD 51.2m | −TWD 33.7m | −TWD 68.6m | −TWD 235.3m | −TWD 78.9m | −TWD 63.4m | −TWD 94.9m | −TWD 260.0m | −TWD 299.2m | −TWD 441.8m |
| Free cash flow | TWD 100.8m | −TWD 94.7m | TWD 353.9m | −TWD 281.4m | −TWD 34.9m | TWD 490.5m | −TWD 254.7m | −TWD 708.4m | −TWD 247.4m | TWD 477.8m |
| Dividends paid | −TWD 48.1m | −TWD 34.4m | −TWD 41.3m | −TWD 137.6m | — | — | — | −TWD 82.5m | −TWD 257.9m | −TWD 662.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 1.16bn | TWD 1.08bn | TWD 1.11bn | TWD 795.9m | TWD 903.8m | TWD 1.01bn | TWD 931.3m | TWD 921.4m |
| Gross profit | TWD 177.0m | TWD 166.5m | TWD 152.6m | TWD 78.9m | TWD 100.2m | TWD 138.0m | TWD 155.1m | TWD 93.6m |
| Operating income | TWD 58.9m | TWD 47.3m | TWD 33.3m | −TWD 25.0m | −TWD 4.5m | TWD 22.4m | TWD 50.8m | −TWD 8.1m |
| Net income | TWD 48.0m | TWD 45.7m | TWD 19.1m | −TWD 10.5m | −TWD 83.5m | TWD 30.8m | TWD 58.7m | −TWD 44.0m |
| Diluted earnings per share | 0.33 | 0.31 | 0.14 | -0.08 | -0.60 | 0.22 | 0.43 | -0.32 |
| Cash from operations | TWD 35.0m | −TWD 77.0m | −TWD 100.0m | TWD 65.0m | TWD 161.0m | TWD 25.0m | TWD 83.0m | TWD 15.0m |
| Capital spending | −TWD 25.0m | −TWD 39.0m | −TWD 11.0m | −TWD 17.0m | −TWD 13.0m | −TWD 8.0m | −TWD 10.0m | −TWD 10.0m |
| Free cash flow | TWD 10.0m | −TWD 116.0m | −TWD 111.0m | TWD 48.0m | TWD 148.0m | TWD 17.0m | TWD 73.0m | TWD 5.0m |
| Total assets | TWD 4.67bn | TWD 4.51bn | TWD 4.51bn | TWD 4.36bn | TWD 4.23bn | TWD 4.61bn | TWD 4.51bn | TWD 4.52bn |
| Cash and short-term investments | TWD 591.9m | TWD 545.7m | TWD 657.3m | TWD 731.2m | TWD 742.0m | TWD 773.3m | TWD 760.1m | TWD 754.2m |
| Debt | TWD 327.4m | TWD 379.6m | TWD 474.4m | TWD 444.0m | TWD 490.8m | TWD 528.2m | TWD 559.7m | TWD 580.4m |
| Shareholders' equity | TWD 2.75bn | TWD 2.74bn | TWD 2.65bn | TWD 2.53bn | TWD 2.47bn | TWD 2.78bn | TWD 2.70bn | TWD 2.69bn |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 12.3% | 13.1% | 8.4% | 11.6% | 16.5% | 6.7% |
| Operating margin | 0.7% | 2.6% | -7.5% | 1.4% | 5.1% | -6.5% |
| Net margin | -1.4% | 1.8% | -8.1% | 0.6% | 4.5% | -7.2% |
| Return on equity | -2.0% | 2.3% | -8.6% | 0.7% | 6.5% | -9.9% |
| Return on assets | -1.2% | 1.4% | -5.2% | 0.5% | 3.6% | -6.0% |
| Free cash flow yield | 5.4% | -0.7% | 13.0% | 5.0% | 3.2% | 16.2% |
| Revenue growth | 8.8% | 32.1% | -17.6% | -22.5% | 6.9% | -28.0% |
| Earnings growth | -186.3% | -129.0% | -1148.6% | -89.0% | -166.4% | -40.3% |
| Current ratio | 1.99x | 2.05x | 1.90x | 2.06x | 1.72x | 1.82x |
| Debt to equity | 0.16x | 0.21x | 0.24x | 0.23x | 0.26x | 0.23x |
| Equity ratio | 58.9% | 60.0% | 60.5% | 64.2% | 56.0% | 60.8% |
| Interest coverage | 2.53x | 7.01x | -14.61x | 4.62x | 23.34x | -24.87x |
| R&D as a share of sales | 3.0% | 3.7% | 4.4% | 4.6% | 3.2% | 4.0% |
| Buybacks as a share of market value | -0.4% | 0.0% | 0.0% | 0.4% | 0.5% | -0.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.8% | -0.4% | -7.3% |
| Operating income | -16.7% | — | -28.1% |
| Net income | — | -28.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.7% | 11.6% | 11.6% | 10.5% |
| Operating margin | 0.5% | -1.0% | -0.6% | -0.2% |
| Net margin | 0.1% | -1.4% | -1.3% | -0.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -81.4 | 53.8 | -13.9 | 107.7 | 19.2 | -8.3 | -3.9 | -6.2 | 73.4 | 38.5 |
| Price to sales | 1.1 | 1.0 | 1.1 | 0.7 | 0.9 | 0.6 | 0.3 | 0.3 | 0.5 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 16 Jul 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.35 | 0.25 | 0.30 | 1.00 | 0.60 | 4.075 | 4.75 | 2.75 |
- 1000-to-800 reverse split · 7 Nov 2017
- 1.15-for-1 split · 20 Jul 2009
- 21-for-20 split · 31 Jul 2008
- 11-for-10 split · 2 Aug 2007
- 11-for-10 split · 19 May 2004
- 11-for-10 split · 16 Jul 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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