R 
117.50
+1.29%
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 309.0m
FY2016FY2025
Net income
−TWD 143.9m
FY2016FY2025
Free cash flow
−TWD 101.0m
FY2016FY2025
Shareholders' equity
TWD 673.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 309.0m | TWD 424.7m | TWD 301.8m | TWD 416.0m | TWD 618.4m | TWD 378.3m | TWD 228.4m | TWD 369.7m | TWD 252.5m | TWD 250.4m |
| Research and development | TWD 240.5m | TWD 246.8m | TWD 218.8m | TWD 187.9m | TWD 206.3m | TWD 132.4m | TWD 121.5m | TWD 109.1m | TWD 108.8m | TWD 96.5m |
| Operating income | −TWD 147.3m | −TWD 30.8m | −TWD 118.2m | TWD 51.2m | TWD 208.2m | TWD 70.6m | −TWD 44.9m | TWD 80.2m | −TWD 45.5m | −TWD 20.9m |
| Net income | −TWD 143.9m | −TWD 24.1m | −TWD 121.0m | TWD 35.9m | TWD 197.9m | TWD 69.3m | −TWD 46.0m | TWD 50.6m | −TWD 46.5m | −TWD 23.9m |
| Diluted earnings per share | -2.01 | -0.35 | -1.73 | 0.53 | 2.92 | 1.02 | -0.68 | 0.75 | -0.69 | -0.37 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 766.1m | TWD 777.7m | TWD 700.7m | TWD 836.3m | TWD 801.5m | TWD 689.4m | TWD 533.3m | TWD 557.2m | TWD 532.5m | TWD 510.9m |
| Cash and short-term investments | — | — | TWD 83.9m | TWD 170.1m | TWD 206.3m | TWD 221.2m | — | — | — | TWD 60.3m |
| Total liabilities | TWD 92.9m | TWD 125.8m | TWD 111.6m | TWD 115.5m | TWD 117.2m | TWD 203.6m | TWD 2.0m | TWD 100.1m | TWD 126.6m | TWD 132.2m |
| Debt | — | TWD 64.9m | TWD 47.7m | TWD 13.6m | TWD 53.2m | TWD 39.3m | TWD 68.6m | TWD 47.3m | TWD 66.6m | TWD 85.6m |
| Shareholders' equity | TWD 673.2m | TWD 651.9m | TWD 589.1m | TWD 720.8m | TWD 684.2m | TWD 485.8m | TWD 416.8m | TWD 457.0m | TWD 405.9m | TWD 378.6m |
| Shares outstanding | 72m | 69m | 70m | 68m | 68m | 68m | 68m | 68m | 68m | 65m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 5.7m | TWD 94.4m | TWD 2.2m | TWD 115.4m | TWD 185.9m | TWD 229.5m | TWD 2.9m | TWD 118.5m | −TWD 1.7m | TWD 6.7m |
| Capital spending | −TWD 106.6m | −TWD 196.3m | −TWD 142.8m | −TWD 181.2m | −TWD 214.2m | −TWD 82.1m | −TWD 17.7m | −TWD 45.5m | −TWD 29.0m | −TWD 40.4m |
| Free cash flow | −TWD 101.0m | −TWD 102.0m | −TWD 140.6m | −TWD 65.8m | −TWD 28.4m | TWD 147.4m | −TWD 14.8m | TWD 73.0m | −TWD 30.7m | −TWD 33.7m |
| Dividends paid | — | — | −TWD 6.8m | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 95.8m | TWD 75.9m | TWD 72.8m | TWD 80.6m | TWD 80.4m | TWD 75.2m | TWD 64.9m | TWD 90.3m |
| Operating income | −TWD 32.1m | −TWD 41.8m | −TWD 42.8m | −TWD 35.1m | −TWD 41.9m | −TWD 35.8m | −TWD 42.3m | −TWD 36.3m |
| Net income | −TWD 32.2m | −TWD 39.4m | −TWD 37.7m | −TWD 29.5m | −TWD 42.2m | −TWD 34.5m | −TWD 36.8m | −TWD 36.4m |
| Diluted earnings per share | -0.45 | -0.55 | -0.53 | -0.41 | -0.60 | -0.49 | -0.53 | -0.52 |
| Cash from operations | TWD 1.0m | TWD 3.0m | −TWD 1.0m | — | −TWD 10.0m | −TWD 1.0m | −TWD 4.0m | TWD 17.0m |
| Capital spending | −TWD 55.0m | −TWD 22.0m | −TWD 11.0m | — | −TWD 73.0m | −TWD 13.0m | −TWD 29.0m | −TWD 54.0m |
| Free cash flow | −TWD 54.0m | −TWD 19.0m | −TWD 12.0m | — | −TWD 83.0m | −TWD 14.0m | −TWD 33.0m | −TWD 37.0m |
| Total assets | TWD 792.6m | TWD 727.9m | TWD 766.1m | TWD 794.6m | TWD 771.9m | TWD 741.6m | TWD 777.7m | TWD 756.0m |
| Cash and short-term investments | — | — | — | TWD 126.0m | — | — | — | — |
| Debt | — | — | — | TWD 24.3m | — | — | — | — |
| Shareholders' equity | TWD 680.6m | TWD 637.3m | TWD 673.2m | TWD 709.9m | TWD 574.7m | TWD 616.6m | TWD 651.9m | TWD 591.9m |
Financial ratios
Data as of 7 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | -46.2% | -5.3% | -39.2% | 12.3% | 33.7% | 18.7% | — | — |
| Net margin | -46.6% | -5.7% | -40.1% | 8.6% | 32.0% | 18.3% | — | — |
| Return on equity | -21.4% | -3.7% | -20.5% | 5.0% | 28.9% | 14.3% | — | — |
| Return on assets | -18.8% | -3.1% | -17.3% | 4.3% | 24.7% | 10.1% | — | — |
| Free cash flow yield | — | 2.5% | 1.2% | 2.6% | 3.5% | 2.7% | — | — |
| Revenue growth | -27.2% | 40.7% | -27.5% | -32.7% | 63.5% | 65.6% | — | — |
| Earnings growth | 496.7% | -80.1% | -437.6% | -81.9% | 185.5% | -250.8% | — | — |
| Current ratio | 3.52x | 2.53x | 2.79x | 3.77x | 3.54x | 2.03x | — | — |
| Debt to equity | — | — | 0.07x | 0.01x | 0.07x | 0.06x | 0.00x | 0.02x |
| Equity ratio | 87.9% | 83.8% | 84.1% | 86.2% | 85.4% | 70.5% | — | — |
| Interest coverage | -112.11x | -13.20x | -194.39x | 87.77x | 285.66x | 56.23x | — | — |
| R&D as a share of sales | 77.8% | 58.1% | 72.5% | 45.2% | 33.4% | 35.0% | — | — |
| Buybacks as a share of market value | — | 0.6% | -3.0% | 0.0% | 0.0% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.4% | -4.0% | 1.3% |
| Operating income | — | — | 9.6% |
| Net income | — | — | 9.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -24.3% | -16.9% | 1.4% | -1.5% |
| Net margin | -22.9% | -17.4% | 0.6% | -2.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -61.6 | -575.7 | -161.5 | 331.3 | 157.6 | 201.8 | -50.8 | 31.2 | -24.4 | -39.2 |
| Price to sales | 28.7 | 32.7 | 64.8 | 28.6 | 50.5 | 37.0 | 10.2 | 4.3 | 4.5 | 3.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 17 Aug 2023.
| FY2023 | |
|---|---|
| Paid in the year | 0.10 |
- 1030.0001-for-1000 split · 17 Aug 2023
- 114.881-for-100 split · 18 Sept 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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