31.80
+0.47%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 1.92bn
FY2016FY2025
Net income
−TWD 54.1m
FY2016FY2025
Free cash flow
−TWD 356.1m
FY2016FY2025
Shareholders' equity
TWD 1.74bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 1.92bn | TWD 1.52bn | TWD 1.12bn | TWD 1.23bn | TWD 968.7m | TWD 720.4m | TWD 806.9m | TWD 809.1m | TWD 913.1m | TWD 1.10bn |
| Gross profit | TWD 296.1m | TWD 268.4m | TWD 303.8m | TWD 322.4m | TWD 157.0m | TWD 114.7m | TWD 123.8m | TWD 54.1m | TWD 61.3m | TWD 148.5m |
| Research and development | TWD 64.9m | TWD 63.3m | TWD 56.0m | TWD 36.8m | TWD 26.8m | TWD 24.3m | TWD 18.9m | TWD 7.2m | TWD 5.9m | TWD 4.8m |
| Operating income | −TWD 98.6m | −TWD 7.7m | TWD 106.9m | TWD 243.9m | TWD 31.0m | −TWD 15.2m | TWD 3.1m | −TWD 81.9m | −TWD 119.2m | −TWD 20.8m |
| Net income | −TWD 54.1m | −TWD 9.9m | TWD 101.1m | TWD 210.0m | TWD 32.2m | −TWD 17.3m | TWD 6.2m | −TWD 82.4m | −TWD 118.1m | TWD 9.8m |
| Diluted earnings per share | -0.81 | -0.16 | 1.70 | 3.91 | 0.74 | -0.39 | 0.14 | -2.22 | -3.60 | 0.30 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 5.78bn | TWD 3.41bn | TWD 2.17bn | TWD 1.68bn | TWD 1.08bn | TWD 563.1m | TWD 514.3m | TWD 540.6m | TWD 600.5m | TWD 695.9m |
| Cash and short-term investments | — | — | TWD 581.3m | TWD 325.4m | TWD 50.2m | TWD 53.7m | TWD 15.4m | — | — | — |
| Total liabilities | TWD 2.08bn | TWD 1.45bn | TWD 712.2m | TWD 693.5m | TWD 577.3m | TWD 351.9m | TWD 287.4m | TWD 384.8m | TWD 403.2m | TWD 381.4m |
| Debt | TWD 77.2m | TWD 1.04bn | TWD 428.1m | TWD 295.9m | TWD 234.5m | TWD 150.8m | TWD 92.1m | TWD 142.1m | TWD 146.8m | TWD 93.2m |
| Shareholders' equity | TWD 1.74bn | TWD 1.88bn | TWD 1.39bn | TWD 939.1m | TWD 515.5m | TWD 221.3m | TWD 235.1m | TWD 161.4m | TWD 202.5m | TWD 314.7m |
| Shares outstanding | 66m | 63m | 60m | 54m | 44m | 44m | 44m | 37m | 33m | 33m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 202.8m | −TWD 96.9m | TWD 128.1m | TWD 228.7m | −TWD 36.0m | TWD 16.4m | TWD 53.3m | −TWD 59.2m | −TWD 74.8m | TWD 36.2m |
| Capital spending | −TWD 153.3m | −TWD 376.3m | −TWD 178.5m | −TWD 326.0m | −TWD 22.2m | −TWD 61.5m | −TWD 10.9m | −TWD 21.2m | −TWD 8.4m | −TWD 10.1m |
| Free cash flow | −TWD 356.1m | −TWD 473.2m | −TWD 50.4m | −TWD 97.3m | −TWD 58.2m | −TWD 45.0m | TWD 42.4m | −TWD 80.4m | −TWD 83.2m | TWD 26.1m |
| Dividends paid | −TWD 59.9m | −TWD 54.7m | −TWD 80.7m | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 395.9m | TWD 428.0m | TWD 541.7m | TWD 519.1m | TWD 471.6m | TWD 388.8m | TWD 371.6m | TWD 376.5m |
| Gross profit | TWD 119.6m | TWD 75.4m | TWD 62.4m | TWD 99.7m | TWD 90.4m | TWD 43.6m | TWD 79.5m | TWD 64.8m |
| Operating income | −TWD 33.0m | TWD 21.8m | −TWD 72.0m | TWD 11.9m | TWD 47.1m | −TWD 22.4m | −TWD 45.6m | −TWD 2.3m |
| Net income | −TWD 42.3m | −TWD 30.0m | −TWD 77.4m | −TWD 3.5m | TWD 39.9m | −TWD 13.1m | −TWD 44.6m | TWD 1.6m |
| Diluted earnings per share | -0.64 | -0.45 | -1.17 | -0.05 | 0.60 | -0.20 | -0.71 | 0.03 |
| Cash from operations | −TWD 38.0m | −TWD 13.0m | −TWD 84.0m | TWD 14.0m | −TWD 119.0m | −TWD 14.0m | TWD 13.0m | −TWD 27.0m |
| Capital spending | −TWD 19.0m | −TWD 23.0m | −TWD 55.0m | −TWD 40.0m | −TWD 26.0m | −TWD 30.0m | −TWD 24.0m | −TWD 69.0m |
| Free cash flow | −TWD 57.0m | −TWD 36.0m | −TWD 139.0m | −TWD 26.0m | −TWD 145.0m | −TWD 44.0m | −TWD 11.0m | −TWD 96.0m |
| Total assets | TWD 6.19bn | TWD 6.84bn | TWD 5.78bn | TWD 5.03bn | TWD 5.31bn | TWD 3.73bn | TWD 3.41bn | TWD 2.84bn |
| Debt | TWD 72.7m | TWD 76.6m | TWD 77.2m | TWD 92.0m | TWD 103.4m | TWD 581.5m | TWD 576.5m | TWD 578.7m |
| Shareholders' equity | TWD 1.70bn | TWD 1.74bn | TWD 1.74bn | TWD 1.75bn | TWD 1.76bn | TWD 1.86bn | TWD 1.88bn | TWD 1.42bn |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 15.4% | 17.6% | 27.1% | 26.2% | 16.2% | 15.9% | — |
| Operating margin | -2.1% | -0.1% | 9.5% | 19.9% | 3.2% | -1.9% | — |
| Net margin | -2.8% | -0.7% | 9.0% | 17.1% | 3.3% | -2.4% | — |
| Return on equity | -3.1% | -0.5% | 7.3% | 22.4% | 6.2% | -7.8% | — |
| Return on assets | -0.9% | -0.3% | 4.7% | 12.5% | 3.0% | -3.1% | — |
| Free cash flow yield | — | 12.2% | 14.1% | 28.2% | -0.9% | 4.9% | 4.0% |
| Revenue growth | 26.1% | 35.8% | -8.6% | 26.8% | 34.5% | -10.7% | — |
| Earnings growth | 443.4% | -109.8% | -51.9% | 552.5% | -286.4% | -379.8% | — |
| Current ratio | 1.45x | 1.74x | 1.91x | 1.91x | 1.40x | 0.97x | — |
| Debt to equity | 0.04x | 0.31x | 0.29x | 0.30x | 0.42x | 0.59x | — |
| Equity ratio | 30.2% | 55.0% | 64.0% | 55.8% | 47.6% | 39.3% | — |
| Interest coverage | -1.14x | -0.06x | 15.45x | 50.63x | 7.22x | -3.99x | — |
| R&D as a share of sales | 3.4% | 4.2% | 5.0% | 3.0% | 2.8% | 3.4% | — |
| Buybacks as a share of market value | — | -5.3% | -10.7% | -22.8% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.1% | 21.7% | 6.7% |
| Operating income | — | 45.3% | 3.6% |
| Net income | — | 25.6% | -2.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.4% | 20.5% | 19.5% | 16.0% |
| Operating margin | -3.1% | 4.2% | 3.5% | -0.2% |
| Net margin | -1.9% | 4.3% | 3.5% | 0.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -86.1 | -576.0 | 47.8 | 12.5 | 31.1 | -24.6 | 92.9 | -5.8 | -3.2 | 41.4 |
| Price to sales | 2.4 | 3.8 | 4.3 | 2.1 | 1.0 | 0.6 | 0.7 | 0.6 | 0.4 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Aug 2024.
| FY2024 | FY2023 | |
|---|---|---|
| Paid in the year | 0.899 | 1.327 |
- 1000-to-850 reverse split · 8 Nov 2018
- 1000-to-850 reverse split · 1 Nov 2018
- 1.03-for-1 split · 15 Sept 2011
- 1040-for-1000 split · 14 Sept 2010
- 104-for-100 split · 12 Sept 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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