S 
9.55
-4.02%
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 281.9m
FY2016FY2025
Net income
−TWD 172.1m
FY2016FY2025
Free cash flow
−TWD 165.2m
FY2016FY2025
Shareholders' equity
TWD 423.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 281.9m | TWD 239.1m | TWD 275.6m | TWD 402.6m | TWD 692.4m | TWD 650.5m | TWD 633.4m | TWD 739.6m | TWD 611.9m | TWD 643.1m |
| Gross profit | TWD 35.6m | TWD 13.2m | TWD 15.3m | TWD 116.4m | TWD 229.5m | TWD 146.1m | TWD 177.1m | TWD 255.2m | TWD 202.9m | TWD 213.8m |
| Research and development | TWD 124.4m | TWD 108.0m | TWD 123.0m | TWD 133.9m | TWD 135.8m | TWD 170.2m | TWD 182.7m | TWD 173.9m | TWD 180.4m | TWD 193.3m |
| Operating income | −TWD 176.4m | −TWD 188.2m | −TWD 220.7m | −TWD 126.6m | TWD 2.6m | −TWD 73.1m | −TWD 118.8m | −TWD 28.3m | −TWD 75.7m | −TWD 80.4m |
| Net income | −TWD 172.1m | −TWD 181.2m | −TWD 220.0m | −TWD 156.6m | TWD 1.2m | −TWD 78.4m | −TWD 120.2m | −TWD 20.2m | −TWD 78.4m | −TWD 70.1m |
| Diluted earnings per share | -3.03 | -3.19 | -4.38 | -2.10 | 0.02 | -1.38 | -2.11 | -0.46 | -1.78 | -1.59 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 617.4m | TWD 720.4m | TWD 508.9m | TWD 629.8m | TWD 764.4m | TWD 556.8m | TWD 568.4m | TWD 752.8m | TWD 656.4m | TWD 725.9m |
| Cash and short-term investments | — | — | TWD 141.7m | TWD 66.0m | TWD 171.8m | TWD 94.2m | TWD 1.9m | TWD 97.4m | TWD 164.6m | TWD 240.3m |
| Total liabilities | TWD 193.5m | TWD 124.5m | TWD 82.8m | TWD 132.1m | TWD 113.5m | TWD 184.7m | TWD 119.7m | TWD 184.2m | TWD 67.1m | TWD 59.3m |
| Debt | TWD 59.9m | TWD 23.2m | TWD 43.1m | TWD 84.8m | TWD 15.0m | TWD 57.9m | — | TWD 71.0m | — | — |
| Shareholders' equity | TWD 423.9m | TWD 595.9m | TWD 426.1m | TWD 497.7m | TWD 650.8m | TWD 372.1m | TWD 448.6m | TWD 568.6m | TWD 589.2m | TWD 666.6m |
| Shares outstanding | 57m | 57m | 50m | 75m | 57m | 57m | 57m | 44m | 44m | 44m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 78.4m | −TWD 65.5m | −TWD 18.0m | −TWD 147.1m | −TWD 131.6m | −TWD 48.0m | TWD 31.0m | −TWD 91.5m | −TWD 74.8m | −TWD 85.1m |
| Capital spending | −TWD 86.8m | −TWD 17.8m | −TWD 12.1m | −TWD 16.4m | −TWD 28.3m | −TWD 37.5m | −TWD 33.1m | −TWD 43.9m | −TWD 18.5m | −TWD 27.7m |
| Free cash flow | −TWD 165.2m | −TWD 83.2m | −TWD 30.1m | −TWD 163.5m | −TWD 159.8m | −TWD 85.5m | −TWD 2.1m | −TWD 135.4m | −TWD 93.3m | −TWD 112.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 59.4m | TWD 45.7m | TWD 107.8m | TWD 69.3m | TWD 52.8m | TWD 51.9m | TWD 73.0m | TWD 62.9m |
| Gross profit | TWD 5.8m | TWD 7.2m | TWD 16.4m | TWD 7.2m | TWD 3.5m | TWD 8.5m | TWD 6.9m | TWD 11.9m |
| Operating income | −TWD 39.6m | −TWD 44.3m | −TWD 48.5m | −TWD 41.4m | −TWD 47.3m | −TWD 39.2m | −TWD 43.3m | −TWD 35.8m |
| Net income | −TWD 42.0m | −TWD 43.5m | −TWD 47.1m | −TWD 39.3m | −TWD 48.4m | −TWD 37.3m | −TWD 41.5m | −TWD 33.6m |
| Diluted earnings per share | -0.74 | -0.77 | -0.83 | -0.69 | -0.85 | -0.66 | -0.73 | -0.59 |
| Cash from operations | −TWD 34.0m | −TWD 89.0m | −TWD 31.0m | TWD 11.0m | −TWD 17.0m | −TWD 41.0m | −TWD 8.0m | −TWD 10.0m |
| Capital spending | −TWD 2.0m | — | −TWD 4.0m | −TWD 51.0m | −TWD 25.0m | −TWD 4.0m | −TWD 3.0m | −TWD 5.0m |
| Free cash flow | −TWD 36.0m | — | −TWD 35.0m | −TWD 40.0m | −TWD 42.0m | −TWD 45.0m | −TWD 11.0m | −TWD 15.0m |
| Total assets | TWD 486.9m | TWD 494.5m | TWD 617.4m | TWD 664.0m | TWD 660.3m | TWD 671.3m | TWD 720.4m | TWD 406.7m |
| Debt | TWD 43.7m | TWD 58.1m | TWD 59.9m | TWD 61.7m | TWD 19.7m | TWD 21.5m | TWD 23.2m | TWD 24.9m |
| Shareholders' equity | TWD 338.3m | TWD 380.4m | TWD 423.9m | TWD 471.0m | TWD 510.3m | TWD 558.7m | TWD 595.9m | TWD 286.5m |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 12.6% | 5.5% | 5.6% | 28.9% | 33.1% | 22.5% |
| Operating margin | -60.3% | -75.1% | -79.8% | -31.3% | 0.4% | -11.2% |
| Net margin | -61.0% | -75.8% | -79.8% | -38.9% | 0.2% | -12.0% |
| Return on equity | -40.6% | -30.4% | -51.6% | -31.5% | 0.2% | -21.1% |
| Return on assets | -27.9% | -25.1% | -43.2% | -24.9% | 0.2% | -14.1% |
| Free cash flow yield | — | -8.4% | -1.2% | -17.5% | — | — |
| Revenue growth | 17.9% | -13.3% | -31.5% | -41.8% | 6.4% | 2.7% |
| Earnings growth | -5.0% | -17.7% | 40.5% | -13619.8% | -101.5% | -34.8% |
| Current ratio | 3.80x | 6.87x | 5.61x | 4.29x | 5.72x | 2.13x |
| Debt to equity | 0.14x | 0.04x | 0.10x | 0.15x | 0.01x | 0.12x |
| Equity ratio | 68.7% | 82.7% | 83.7% | 79.0% | 85.1% | 66.8% |
| Interest coverage | -77.75x | -111.66x | -123.57x | -188.95x | 2.03x | -80.53x |
| R&D as a share of sales | 44.1% | 45.2% | 44.6% | 33.3% | 19.6% | 26.2% |
| Buybacks as a share of market value | — | -13.2% | 32.7% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.2% | -15.4% | -5.2% |
| Operating income | 11.7% | 19.3% | 0.1% |
| Net income | 3.2% | 17.0% | 0.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.4% | 15.1% | 21.9% | 27.5% |
| Operating margin | -70.0% | -59.4% | -30.8% | -22.3% |
| Net margin | -67.8% | -60.9% | -31.7% | -22.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.5 | -7.2 | -7.1 | -12.7 | — | -49.9 | -15.6 | -79.5 | -23.7 | -22.1 |
| Price to sales | 4.6 | 5.4 | 5.7 | 4.9 | 3.8 | 6.0 | 3.0 | 2.2 | 3.0 | 2.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1000-to-666.32086 reverse split · 17 Aug 2023
- 1000-to-800 reverse split · 24 Sept 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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