H 
Higher Way Electronic Co 3268.TWO · TWD
Information Technology · Taipei Exchange · 🇹🇼 Taiwan
22.20
+5.71%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 922.2m
FY2016FY2025
Net income
−TWD 46.3m
FY2016FY2025
Free cash flow
−TWD 15.2m
FY2016FY2025
Shareholders' equity
TWD 465.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 922.2m | TWD 972.7m | TWD 1.05bn | TWD 1.23bn | TWD 1.49bn | TWD 1.17bn | TWD 942.5m | TWD 830.5m | TWD 979.6m | TWD 781.7m |
| Gross profit | TWD 58.1m | TWD 62.4m | TWD 68.8m | TWD 98.8m | TWD 115.3m | TWD 94.6m | TWD 67.0m | TWD 59.2m | TWD 59.1m | TWD 56.2m |
| Research and development | TWD 29.4m | TWD 28.3m | TWD 25.8m | TWD 29.1m | TWD 24.5m | TWD 20.7m | TWD 17.0m | TWD 22.1m | TWD 21.1m | TWD 21.2m |
| Operating income | −TWD 41.3m | −TWD 20.1m | −TWD 8.4m | — | TWD 37.6m | TWD 10.1m | −TWD 2.4m | −TWD 13.1m | −TWD 31.9m | −TWD 34.5m |
| Net income | −TWD 46.3m | TWD 8.8m | −TWD 6.6m | TWD 51.3m | TWD 31.8m | TWD 30.0m | −TWD 18.7m | −TWD 17.5m | −TWD 56.2m | −TWD 26.0m |
| Diluted earnings per share | -1.33 | 0.25 | -0.20 | 1.53 | 0.95 | 0.90 | -0.54 | -0.50 | -1.62 | -0.78 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 941.7m | TWD 1.13bn | TWD 934.6m | TWD 931.9m | TWD 796.8m | TWD 834.5m | TWD 990.2m | TWD 950.5m | TWD 951.0m | TWD 995.2m |
| Cash and short-term investments | — | — | — | — | — | — | — | — | — | TWD 71.2m |
| Total liabilities | TWD 476.4m | TWD 583.4m | TWD 437.9m | TWD 415.8m | TWD 356.6m | TWD 373.8m | TWD 513.6m | TWD 459.7m | TWD 452.5m | TWD 481.0m |
| Debt | TWD 44.8m | TWD 59.7m | TWD 235.5m | TWD 205.4m | TWD 32.4m | TWD 43.1m | TWD 195.7m | TWD 200.0m | TWD 182.6m | TWD 279.1m |
| Shareholders' equity | TWD 465.3m | TWD 542.0m | TWD 496.7m | TWD 516.1m | TWD 440.3m | TWD 460.7m | TWD 476.6m | TWD 490.8m | TWD 498.5m | TWD 514.2m |
| Shares outstanding | 35m | 35m | 33m | 33m | 33m | 33m | 35m | 35m | 35m | 33m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 13.0m | −TWD 32.4m | TWD 53.9m | −TWD 25.5m | −TWD 8.0m | TWD 65.9m | TWD 8.5m | −TWD 1.7m | TWD 28.6m | −TWD 21.6m |
| Capital spending | −TWD 2.1m | −TWD 2.1m | −TWD 1.6m | −TWD 971,000 | −TWD 2.3m | −TWD 1.2m | −TWD 611,000 | −TWD 15.4m | −TWD 849,000 | −TWD 246.1m |
| Free cash flow | −TWD 15.2m | −TWD 34.5m | TWD 52.4m | −TWD 26.5m | −TWD 10.3m | TWD 64.6m | TWD 7.9m | −TWD 17.1m | TWD 27.7m | −TWD 267.7m |
| Dividends paid | — | — | −TWD 23.4m | −TWD 20.1m | −TWD 16.7m | −TWD 16.7m | −TWD 16.7m | −TWD 16.7m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 301.0m | TWD 214.2m | TWD 205.6m | TWD 235.9m | TWD 291.0m | TWD 189.7m | TWD 205.0m | TWD 267.0m |
| Gross profit | TWD 21.9m | TWD 13.4m | TWD 15.6m | TWD 12.7m | TWD 15.7m | TWD 14.1m | TWD 10.3m | TWD 17.1m |
| Operating income | TWD 464,000 | −TWD 7.6m | TWD 7.4m | TWD 5.0m | — | −TWD 6.6m | TWD 4.6m | −TWD 2.4m |
| Net income | −TWD 881,000 | −TWD 3.1m | TWD 2.0m | −TWD 906,000 | −TWD 45.2m | −TWD 2.2m | TWD 3.5m | −TWD 12.7m |
| Diluted earnings per share | -0.03 | -0.09 | 0.06 | -0.03 | -1.30 | -0.06 | 0.10 | -0.37 |
| Cash from operations | −TWD 10.0m | −TWD 1.0m | TWD 23.0m | −TWD 19.0m | TWD 19.0m | −TWD 36.0m | −TWD 3.0m | TWD 16.0m |
| Capital spending | — | — | −TWD 1.0m | — | — | — | — | — |
| Free cash flow | — | — | TWD 22.0m | — | — | — | — | — |
| Total assets | TWD 1.01bn | TWD 948.2m | TWD 941.7m | TWD 1.03bn | TWD 1.02bn | TWD 1.02bn | TWD 1.13bn | TWD 1.15bn |
| Debt | TWD 37.3m | TWD 41.1m | TWD 44.8m | TWD 48.6m | TWD 52.3m | TWD 153.0m | TWD 59.7m | TWD 63.1m |
| Shareholders' equity | TWD 481.2m | TWD 470.8m | TWD 465.3m | TWD 482.3m | TWD 477.4m | TWD 531.7m | TWD 542.0m | TWD 537.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.2% | -4.6% | 1.7% |
| Operating income | — | — | 5.3% |
| Net income | — | — | 11.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 6.4% | 6.9% | 7.3% | 7.2% |
| Operating margin | -3.2% | — | — | — |
| Net margin | -2.0% | 0.2% | 1.0% | -0.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -13.2 | 95.9 | -144.1 | 14.2 | 32.6 | 18.4 | -23.6 | -20.2 | -7.5 | -14.5 |
| Price to sales | 0.7 | 0.9 | 0.9 | 0.6 | 0.7 | 0.5 | 0.5 | 0.4 | 0.4 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 24 Jul 2023.
| FY2023 | FY2022 | |
|---|---|---|
| Paid in the year | 0.70 | 0.60 |
- 1090-for-1000 split · 31 Aug 2015
- 108.584-for-100 split · 11 Aug 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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