C 
Cheer Time Enterprise Co 3229.TW · TWD
Information Technology · Taiwan Stock Exchange · 🇹🇼 Taiwan
39.35
+7.51%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 1.04bn
FY2016FY2025
Net income
−TWD 27.8m
FY2016FY2025
Free cash flow
−TWD 15.1m
FY2016FY2025
Shareholders' equity
TWD 599.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 1.04bn | TWD 918.4m | TWD 928.1m | TWD 819.6m | TWD 440.4m | TWD 390.9m | TWD 563.8m | TWD 459.4m | TWD 469.2m | TWD 503.1m |
| Gross profit | TWD 67.3m | TWD 65.5m | TWD 50.1m | TWD 38.6m | TWD 43.1m | TWD 8.1m | TWD 62.1m | TWD 43.9m | TWD 67.1m | TWD 76.8m |
| Research and development | TWD 1.7m | TWD 1.4m | TWD 1.9m | TWD 3.0m | TWD 987,000 | TWD 7.7m | TWD 10.9m | TWD 4.0m | TWD 4.0m | TWD 4.0m |
| Operating income | −TWD 2.0m | −TWD 5.8m | −TWD 31.2m | −TWD 34.1m | −TWD 65.3m | −TWD 227.6m | −TWD 155.9m | −TWD 83.3m | −TWD 30.1m | −TWD 80.9m |
| Net income | −TWD 27.8m | TWD 8.7m | −TWD 25.1m | −TWD 33.0m | −TWD 65.1m | −TWD 230.3m | −TWD 161.6m | −TWD 71.9m | −TWD 17.0m | −TWD 163.2m |
| Diluted earnings per share | -0.44 | 0.14 | -0.39 | -0.51 | -0.81 | -7.20 | -5.08 | -2.21 | -0.55 | -5.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 860.4m | TWD 840.7m | TWD 920.0m | TWD 962.8m | TWD 533.2m | TWD 644.5m | TWD 887.0m | TWD 1.03bn | TWD 1.09bn | TWD 1.35bn |
| Cash and short-term investments | TWD 132.9m | TWD 130.3m | TWD 157.2m | TWD 194.1m | TWD 104.4m | TWD 122.8m | TWD 219.5m | TWD 464.5m | TWD 516.5m | TWD 558.2m |
| Total liabilities | TWD 261.2m | TWD 213.7m | TWD 301.7m | TWD 323.0m | TWD 248.3m | TWD 294.5m | TWD 303.0m | TWD 308.8m | TWD 308.3m | TWD 455.1m |
| Debt | TWD 140.0m | TWD 124.0m | TWD 221.6m | TWD 203.3m | TWD 144.5m | TWD 168.0m | TWD 173.5m | TWD 191.3m | TWD 196.0m | TWD 319.3m |
| Shareholders' equity | TWD 599.2m | TWD 627.0m | TWD 618.3m | TWD 639.7m | TWD 289.5m | TWD 344.9m | TWD 559.5m | TWD 713.1m | TWD 778.2m | TWD 819.3m |
| Shares outstanding | 63m | 64m | 64m | 64m | 81m | 32m | 32m | 33m | 31m | 32m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 11.0m | TWD 67.9m | −TWD 27.9m | TWD 60.7m | −TWD 1.5m | −TWD 54.0m | −TWD 93.9m | −TWD 46.5m | −TWD 24.7m | TWD 94.2m |
| Capital spending | −TWD 4.1m | −TWD 5.0m | −TWD 5.7m | −TWD 20.6m | −TWD 7.7m | −TWD 48.7m | −TWD 46.7m | −TWD 51.3m | −TWD 38.0m | −TWD 30.2m |
| Free cash flow | −TWD 15.1m | TWD 62.9m | −TWD 33.6m | TWD 40.1m | −TWD 9.2m | −TWD 102.7m | −TWD 140.7m | −TWD 97.8m | −TWD 62.7m | TWD 63.9m |
| Dividends paid | — | — | −TWD 79.4m | −TWD 79.4m | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 413.0m | TWD 342.9m | TWD 306.6m | TWD 255.2m | TWD 243.6m | TWD 235.2m | TWD 242.6m | TWD 225.3m |
| Gross profit | TWD 60.0m | TWD 37.6m | TWD 32.1m | TWD 7.4m | TWD 10.4m | TWD 17.4m | TWD 14.3m | TWD 7.7m |
| Operating income | TWD 45.5m | TWD 21.2m | TWD 15.5m | −TWD 1.6m | −TWD 7.3m | −TWD 18,000 | −TWD 4.2m | −TWD 11.2m |
| Net income | TWD 47.0m | TWD 35.3m | TWD 8.2m | −TWD 5.2m | −TWD 35.0m | TWD 4.3m | TWD 1.8m | −TWD 12.5m |
| Diluted earnings per share | 0.73 | 0.55 | 0.13 | -0.08 | -0.56 | 0.07 | 0.03 | -0.19 |
| Cash from operations | TWD 23.0m | −TWD 21.0m | — | −TWD 26.0m | −TWD 18.0m | TWD 34.0m | TWD 28.0m | TWD 34.0m |
| Capital spending | −TWD 6.0m | −TWD 1.0m | — | −TWD 1.0m | — | −TWD 2.0m | −TWD 4.0m | — |
| Free cash flow | TWD 17.0m | −TWD 22.0m | — | −TWD 27.0m | — | TWD 32.0m | TWD 24.0m | — |
| Total assets | TWD 1.05bn | TWD 941.1m | TWD 860.4m | TWD 828.1m | TWD 807.2m | TWD 821.5m | TWD 840.7m | TWD 865.9m |
| Cash and short-term investments | TWD 133.9m | TWD 122.9m | TWD 132.9m | TWD 122.9m | TWD 130.7m | TWD 131.5m | TWD 130.3m | TWD 137.0m |
| Debt | TWD 156.4m | TWD 157.8m | TWD 149.3m | TWD 134.5m | TWD 107.6m | TWD 85.5m | TWD 113.1m | TWD 139.5m |
| Shareholders' equity | TWD 681.5m | TWD 634.6m | TWD 599.2m | TWD 591.1m | TWD 596.3m | TWD 631.3m | TWD 627.0m | TWD 625.2m |
Financial ratios
Data as of 5 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 6.5% | 7.1% | 5.4% | 4.7% | 9.8% | 2.1% |
| Operating margin | -0.2% | 1.4% | -3.4% | -4.0% | -14.7% | -58.2% |
| Net margin | -2.7% | 1.0% | -2.7% | -4.0% | -14.8% | -58.9% |
| Return on equity | -4.6% | 1.4% | -4.1% | -5.2% | -22.5% | -66.8% |
| Return on assets | -3.2% | 1.0% | -2.7% | -3.4% | -12.2% | -35.7% |
| Free cash flow yield | -0.3% | 2.9% | -0.9% | 3.2% | 0.2% | -0.4% |
| Revenue growth | 13.3% | -1.0% | 13.2% | 86.1% | 12.7% | -30.7% |
| Earnings growth | -418.2% | -134.7% | -23.7% | -49.3% | -71.7% | 42.5% |
| Current ratio | 2.41x | 2.81x | 2.18x | 2.10x | 1.67x | 1.47x |
| Debt to equity | 0.23x | 0.18x | 0.32x | 0.28x | 0.49x | 0.47x |
| Equity ratio | 69.6% | 74.6% | 67.2% | 66.4% | 54.3% | 53.5% |
| Interest coverage | -0.99x | 4.22x | -9.01x | -7.80x | -27.08x | -69.58x |
| R&D as a share of sales | 0.2% | 0.1% | 0.2% | 0.4% | 0.2% | 2.0% |
| Buybacks as a share of market value | 1.9% | 0.0% | 0.0% | 20.2% | -151.8% | -0.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.3% | 21.6% | 3.2% |
| Operating income | -61.3% | -61.3% | -23.7% |
| Net income | -5.5% | -34.5% | -3.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 6.8% | 6.0% | 6.0% | 8.8% |
| Operating margin | -0.4% | -2.0% | -8.1% | -10.2% |
| Net margin | -1.0% | -2.1% | -8.2% | -11.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -62.9 | 133.2 | -40.4 | -38.3 | -23.3 | -2.3 | -7.2 | -27.6 | -95.5 | -6.5 |
| Price to sales | 1.7 | 1.3 | 1.1 | 1.5 | 3.4 | 1.4 | 2.1 | 4.3 | 3.5 | 2.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Aug 2012.
| FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | FY2007 | FY2006 | FY2005 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.915 | 1.159 | 0.29 | 0.269 | 0.273 | 4.098 | 2.448 | 4.221 |
- 1000-to-345 reverse split · 10 Jan 2022
- 1.03-for-1 split · 9 Sept 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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