M
29.10
+1.04%
Close of 9 Nov 2026, in TWD
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 1.51bn
FY2016FY2025
Net income
−TWD 104.2m
FY2016FY2025
Free cash flow
−TWD 632.4m
FY2016FY2025
Shareholders' equity
TWD 1.03bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 1.51bn | TWD 1.41bn | TWD 1.45bn | TWD 1.85bn | TWD 2.01bn | TWD 1.58bn | TWD 1.41bn | TWD 1.46bn | TWD 1.43bn | TWD 1.66bn |
| Gross profit | TWD 197.2m | TWD 172.9m | TWD 166.5m | TWD 215.4m | TWD 265.0m | TWD 170.7m | TWD 141.7m | TWD 150.0m | TWD 162.1m | TWD 145.2m |
| Research and development | TWD 135.1m | TWD 116.6m | TWD 102.0m | TWD 62.5m | TWD 67.2m | TWD 62.0m | TWD 57.6m | TWD 38.1m | TWD 4.4m | — |
| Operating income | −TWD 231.1m | −TWD 223.5m | −TWD 199.7m | −TWD 45.1m | −TWD 34.7m | −TWD 86.8m | −TWD 115.7m | −TWD 82.7m | TWD 8.7m | −TWD 56.2m |
| Net income | −TWD 104.2m | −TWD 68.8m | −TWD 131.9m | −TWD 11.8m | −TWD 24.1m | −TWD 82.5m | −TWD 92.7m | −TWD 57.7m | TWD 5.2m | −TWD 56.2m |
| Diluted earnings per share | -1.58 | -1.04 | -1.94 | -0.17 | -0.35 | -1.41 | -1.41 | -0.88 | 0.08 | -1.31 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 3.27bn | TWD 3.27bn | TWD 3.29bn | TWD 3.49bn | TWD 3.54bn | TWD 1.50bn | TWD 1.51bn | TWD 1.31bn | TWD 779.7m | TWD 808.9m |
| Cash and short-term investments | — | — | TWD 2.24bn | TWD 2.16bn | TWD 2.16bn | TWD 380.6m | — | — | — | TWD 336.6m |
| Total liabilities | TWD 921.3m | TWD 664.3m | TWD 552.2m | TWD 553.2m | TWD 581.4m | TWD 580.9m | TWD 501.2m | TWD 237.7m | TWD 180.2m | TWD 346.6m |
| Debt | TWD 232.0m | — | TWD 403.8m | TWD 304.1m | TWD 308.7m | TWD 387.9m | TWD 144.9m | — | — | — |
| Shareholders' equity | TWD 1.03bn | TWD 1.14bn | TWD 1.18bn | TWD 1.31bn | TWD 1.29bn | TWD 915.1m | TWD 1.00bn | TWD 1.07bn | TWD 599.5m | TWD 462.3m |
| Shares outstanding | 66m | 66m | 68m | 68m | 68m | 59m | 66m | 66m | 66m | 43m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 204.8m | −TWD 180.5m | TWD 99.4m | TWD 1.7m | −TWD 211.8m | −TWD 21.4m | −TWD 60.1m | TWD 6.0m | −TWD 68.8m | TWD 78.2m |
| Capital spending | −TWD 427.5m | −TWD 443.7m | −TWD 86.9m | −TWD 20.6m | −TWD 6.0m | −TWD 28.6m | −TWD 34.2m | −TWD 94.1m | −TWD 29.7m | −TWD 6.8m |
| Free cash flow | −TWD 632.4m | −TWD 624.2m | TWD 12.5m | −TWD 18.9m | −TWD 217.7m | −TWD 50.1m | −TWD 94.3m | −TWD 88.1m | −TWD 98.5m | TWD 71.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 417.0m | TWD 410.2m | TWD 364.9m | TWD 390.9m | TWD 371.5m | TWD 387.3m | TWD 335.7m | TWD 413.9m |
| Gross profit | TWD 56.6m | TWD 66.3m | TWD 55.1m | TWD 47.6m | TWD 48.0m | TWD 46.4m | TWD 40.0m | TWD 55.1m |
| Operating income | −TWD 48.6m | −TWD 33.6m | −TWD 47.4m | −TWD 61.6m | −TWD 68.3m | −TWD 53.8m | −TWD 67.1m | −TWD 44.5m |
| Net income | −TWD 8.4m | TWD 2.2m | −TWD 32.4m | −TWD 16.1m | −TWD 42.2m | −TWD 13.5m | −TWD 21.6m | −TWD 12.0m |
| Diluted earnings per share | -0.13 | 0.03 | -0.49 | -0.24 | -0.64 | -0.20 | -0.33 | -0.18 |
| Cash from operations | −TWD 34.0m | −TWD 11.0m | −TWD 29.0m | −TWD 52.0m | −TWD 70.0m | −TWD 53.0m | −TWD 44.0m | −TWD 45.0m |
| Capital spending | −TWD 98.0m | −TWD 200.0m | −TWD 150.0m | −TWD 82.0m | −TWD 117.0m | −TWD 77.0m | −TWD 118.0m | −TWD 97.0m |
| Free cash flow | −TWD 132.0m | −TWD 211.0m | −TWD 179.0m | −TWD 134.0m | −TWD 187.0m | −TWD 130.0m | −TWD 162.0m | −TWD 142.0m |
| Total assets | TWD 3.81bn | TWD 3.69bn | TWD 3.27bn | TWD 3.34bn | TWD 3.05bn | TWD 3.32bn | TWD 3.27bn | TWD 3.33bn |
| Debt | TWD 436.4m | TWD 319.3m | TWD 232.0m | TWD 177.4m | — | — | — | — |
| Shareholders' equity | TWD 1.39bn | TWD 1.40bn | TWD 1.03bn | TWD 1.04bn | TWD 1.04bn | TWD 1.14bn | TWD 1.14bn | TWD 1.15bn |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 17.3% | 12.2% | 11.5% | 11.6% | 13.2% | 10.8% |
| Operating margin | -15.3% | -10.8% | -13.8% | -2.4% | -1.7% | -5.5% |
| Net margin | -6.9% | -4.9% | -9.1% | -0.6% | -1.2% | -5.2% |
| Return on equity | -10.1% | -6.0% | -11.2% | -0.9% | -1.9% | -9.0% |
| Return on assets | -3.2% | -2.1% | -4.0% | -0.3% | -0.7% | -5.5% |
| Free cash flow yield | — | 13.3% | 9.1% | 1.1% | -10.0% | 0.4% |
| Revenue growth | 7.2% | -2.4% | -21.9% | -7.9% | 27.6% | 11.6% |
| Earnings growth | 51.5% | -47.8% | 1021.3% | -51.2% | -70.8% | -11.0% |
| Current ratio | 2.93x | 3.83x | 5.85x | 6.39x | 6.15x | 2.45x |
| Debt to equity | 0.23x | 0.00x | 0.27x | 0.16x | 0.16x | 0.30x |
| Equity ratio | 31.4% | 34.9% | 36.0% | 37.6% | 36.4% | 61.2% |
| Interest coverage | -23.09x | -18.20x | -27.96x | -9.80x | -3.35x | -14.77x |
| R&D as a share of sales | 8.9% | 8.3% | 7.1% | 3.4% | 3.3% | 3.9% |
| Buybacks as a share of market value | — | 3.2% | 0.0% | -0.1% | -16.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.5% | -0.8% | -3.5% |
| Operating income | 72.4% | 21.6% | 44.6% |
| Net income | 106.9% | 4.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.6% | 12.1% | 12.1% | 11.1% |
| Operating margin | -15.5% | -11.2% | -8.4% | -6.0% |
| Net margin | -5.9% | -5.1% | -4.3% | -3.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -28.1 | -44.9 | -21.8 | -237.5 | -176.8 | -32.4 | -39.5 | -68.5 | — | -24.3 |
| Price to sales | 1.9 | 2.2 | 2.0 | 1.5 | 2.1 | 1.7 | 2.6 | 2.7 | 2.0 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1-to-0.714218 reverse split · 23 Dec 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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