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Niching Industrial 3444.TWO · TWD

Information Technology · Taipei Exchange · 🇹🇼 Taiwan

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65.00

+3.34%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 1.28bn

FY2016FY2025

Net income

TWD 96.6m

FY2016FY2025

Free cash flow

TWD 104.3m

FY2016FY2025

Shareholders' equity

TWD 1.08bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 1.28bnTWD 1.15bnTWD 976.4mTWD 1.06bnTWD 1.22bnTWD 964.5mTWD 803.8mTWD 834.4mTWD 902.4mTWD 909.3m
Gross profitTWD 267.7mTWD 284.9mTWD 255.8mTWD 310.9mTWD 310.5mTWD 269.5mTWD 247.4mTWD 211.7mTWD 184.7mTWD 172.0m
Research and developmentTWD 34.0mTWD 32.8mTWD 34.7mTWD 31.2mTWD 25.8mTWD 21.2mTWD 15.9mTWD 17.3mTWD 13.9mTWD 11.4m
Operating incomeTWD 74.5mTWD 81.5mTWD 113.2mTWD 236.8mTWD 163.0mTWD 125.4mTWD 91.3mTWD 61.7mTWD 53.7mTWD 44.0m
Net incomeTWD 96.6mTWD 107.5mTWD 93.5mTWD 196.0mTWD 134.4mTWD 106.4mTWD 104.8mTWD 59.5mTWD 47.8mTWD 45.3m
Diluted earnings per share2.092.332.144.873.442.722.271.291.041.11

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 1.50bnTWD 1.51bnTWD 1.43bnTWD 1.43bnTWD 1.31bnTWD 1.30bnTWD 1.14bnTWD 912.1mTWD 859.5mTWD 875.0m
Cash and short-term investments——TWD 398.8mTWD 327.4mTWD 279.8mTWD 214.3m———TWD 150.2m
Total liabilitiesTWD 419.5mTWD 438.2mTWD 343.8mTWD 509.4mTWD 507.1mTWD 565.1mTWD 443.2mTWD 261.7mTWD 279.0mTWD 297.6m
Debt——TWD 10.1mTWD 155.2mTWD 132.3mTWD 227.8m———TWD 22.0m
Shareholders' equityTWD 1.08bnTWD 1.07bnTWD 1.09bnTWD 920.3mTWD 807.2mTWD 736.9mTWD 695.4mTWD 650.4mTWD 580.5mTWD 577.4m
Shares outstanding46m46m44m40m39m39m46m46m46m41m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 121.8mTWD 88.5mTWD 158.7mTWD 112.9mTWD 238.8mTWD 51.1m−TWD 21.3mTWD 38.0mTWD 39.0mTWD 62.1m
Capital spending−TWD 17.5m−TWD 76.3m−TWD 9.4m−TWD 12.0m−TWD 6.6m−TWD 13.5m−TWD 4.3m−TWD 8.6m−TWD 2.2m−TWD 31.7m
Free cash flowTWD 104.3mTWD 12.2mTWD 149.2mTWD 100.9mTWD 232.2mTWD 37.6m−TWD 25.6mTWD 29.4mTWD 36.8mTWD 30.4m
Dividends paid−TWD 90.0m−TWD 101.5m−TWD 167.6m−TWD 90.0m−TWD 70.4m−TWD 70.4m−TWD 39.1m−TWD 39.1m−TWD 39.1m−TWD 39.1m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 337.3mTWD 316.0mTWD 344.4mTWD 306.9mTWD 322.6mTWD 301.2mTWD 309.5mTWD 304.5m
Gross profitTWD 66.3mTWD 62.4mTWD 62.3mTWD 61.8mTWD 71.0mTWD 72.6mTWD 68.8mTWD 79.2m
Operating incomeTWD 13.9mTWD 11.5mTWD 15.2mTWD 9.6mTWD 27.3mTWD 22.5mTWD 14.8mTWD 28.2m
Net incomeTWD 28.7mTWD 18.6mTWD 22.9mTWD 19.3mTWD 18.7mTWD 35.6mTWD 36.1mTWD 7.3m
Diluted earnings per share0.620.400.500.430.400.770.780.16
Cash from operationsTWD 7.0m−TWD 14.0mTWD 41.0m—TWD 87.0m−TWD 80.0mTWD 60.0mTWD 4.0m
Capital spending−TWD 8.0m−TWD 4.0m−TWD 5.0m—−TWD 1.0m−TWD 5.0m−TWD 2.0m−TWD 4.0m
Free cash flow−TWD 1.0m−TWD 18.0mTWD 36.0m—TWD 86.0m−TWD 85.0mTWD 58.0mTWD 0
Total assetsTWD 1.66bnTWD 1.44bnTWD 1.50bnTWD 1.38bnTWD 1.46bnTWD 1.49bnTWD 1.51bnTWD 1.42bn
Cash and short-term investments———TWD 472.3m————
Debt———TWD 2.0m————
Shareholders' equityTWD 1.05bnTWD 1.02bnTWD 1.08bnTWD 1.04bnTWD 997.1mTWD 1.02bnTWD 1.07bnTWD 1.05bn

Financial ratios

Data as of 25 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin21.0%24.7%26.2%29.3%25.5%27.9%
Operating margin8.7%12.5%11.6%22.3%13.4%13.0%
Net margin7.6%9.3%9.6%18.5%11.0%11.0%
Return on equity9.0%10.0%8.6%21.3%16.7%14.4%
Return on assets6.4%7.1%6.5%13.7%10.2%8.2%
Free cash flow yield—4.9%5.2%4.2%8.5%2.3%
Revenue growth10.5%18.1%-7.9%-13.0%26.4%20.0%
Earnings growth-10.1%14.9%-52.3%45.8%26.3%1.6%
Current ratio2.55x2.35x2.92x1.93x1.81x1.62x
Debt to equity——0.00x0.17x0.16x0.31x
Equity ratio72.0%71.0%76.0%64.4%61.4%56.6%
Interest coverage248.85x275.34x106.16x115.84x58.72x46.93x
R&D as a share of sales2.7%2.8%3.6%2.9%2.1%2.2%
Buybacks as a share of market value—-5.4%-8.8%-2.8%0.0%—

Growth per year

Compound annual rate

3 years5 years10 years
Revenue6.3%5.7%2.5%
Operating income-32.0%-9.9%7.7%
Net income-21.0%-1.9%8.4%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin22.8%25.1%25.6%24.2%
Operating margin6.4%11.3%11.9%9.7%
Net margin8.4%11.1%11.0%9.3%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings35.633.548.812.417.212.813.014.827.916.5
Price to sales2.73.14.72.31.91.41.71.11.50.8

Dividends and splits

Per share, in the currency the company pays

Paid for 4 years. Last went ex-dividend on 24 Jul 2025.

FY2025FY2024FY2023FY2022
Paid in the year2.002.303.7262.193
  • 1020-for-1000 split · 23 Jul 2024
  • 1.05-for-1 split · 7 Aug 2012
  • 1.1-for-1 split · 14 Jul 2011
  • 110-for-100 split · 5 Aug 2009

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.