55.40
+7.78%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 2.69bn
FY2016FY2025
Net income
−TWD 9.4m
FY2016FY2025
Free cash flow
TWD 271.6m
FY2016FY2025
Shareholders' equity
TWD 2.80bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 2.69bn | TWD 2.57bn | TWD 3.01bn | TWD 4.68bn | TWD 4.56bn | TWD 3.91bn | TWD 4.82bn | TWD 6.26bn | TWD 4.46bn | TWD 4.12bn |
| Gross profit | TWD 404.4m | TWD 301.8m | TWD 316.6m | TWD 809.3m | TWD 785.3m | TWD 711.4m | TWD 1.03bn | TWD 1.25bn | TWD 812.8m | TWD 870.6m |
| Research and development | TWD 271.2m | TWD 299.1m | TWD 346.0m | TWD 441.5m | TWD 407.1m | TWD 615.1m | TWD 648.8m | TWD 660.8m | TWD 541.8m | TWD 528.2m |
| Operating income | −TWD 74.8m | −TWD 266.6m | −TWD 311.5m | TWD 118.7m | TWD 69.8m | −TWD 209.4m | TWD 30.3m | TWD 178.2m | −TWD 135.8m | −TWD 185.6m |
| Net income | −TWD 9.4m | −TWD 247.8m | −TWD 287.3m | TWD 64.7m | TWD 26.4m | −TWD 236.2m | TWD 4.5m | TWD 179.4m | −TWD 149.0m | −TWD 198.7m |
| Diluted earnings per share | -0.08 | -2.17 | -2.52 | 0.57 | 0.23 | -2.06 | 0.04 | 1.57 | -1.31 | -1.75 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 4.23bn | TWD 4.44bn | TWD 4.72bn | TWD 5.57bn | TWD 5.94bn | TWD 5.52bn | TWD 6.18bn | TWD 5.70bn | TWD 5.38bn | TWD 5.53bn |
| Cash and short-term investments | TWD 1.23bn | TWD 1.02bn | TWD 1.07bn | TWD 1.39bn | TWD 1.33bn | TWD 1.35bn | TWD 1.27bn | TWD 1.29bn | TWD 1.54bn | TWD 1.96bn |
| Total liabilities | TWD 1.44bn | TWD 1.63bn | TWD 1.72bn | TWD 2.25bn | TWD 2.76bn | TWD 2.33bn | TWD 2.77bn | TWD 2.17bn | TWD 2.00bn | TWD 1.95bn |
| Debt | TWD 392.3m | TWD 743.2m | TWD 876.1m | TWD 1.26bn | TWD 1.66bn | TWD 1.41bn | TWD 1.49bn | TWD 935.2m | TWD 857.0m | TWD 1.00bn |
| Shareholders' equity | TWD 2.80bn | TWD 2.81bn | TWD 3.00bn | TWD 3.30bn | TWD 3.17bn | TWD 3.17bn | TWD 3.40bn | TWD 3.52bn | TWD 3.37bn | TWD 3.58bn |
| Shares outstanding | 114m | 114m | 114m | 114m | 115m | 115m | 119m | 114m | 114m | 114m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 333.0m | TWD 141.9m | TWD 290.0m | TWD 662.3m | −TWD 145.4m | TWD 387.2m | TWD 545.2m | TWD 107.6m | −TWD 10.4m | TWD 52.2m |
| Capital spending | −TWD 61.4m | −TWD 83.1m | −TWD 170.6m | −TWD 210.1m | −TWD 130.8m | −TWD 259.4m | −TWD 516.6m | −TWD 393.0m | −TWD 176.6m | −TWD 130.1m |
| Free cash flow | TWD 271.6m | TWD 58.9m | TWD 119.4m | TWD 452.1m | −TWD 276.2m | TWD 127.8m | TWD 28.7m | −TWD 285.4m | −TWD 187.0m | −TWD 77.9m |
| Dividends paid | — | — | — | — | — | — | −TWD 57.0m | −TWD 57.0m | −TWD 57.0m | −TWD 63.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 738.3m | TWD 685.0m | TWD 686.8m | TWD 647.2m | TWD 704.5m | TWD 650.0m | TWD 680.0m | TWD 694.3m |
| Gross profit | TWD 107.3m | TWD 124.8m | TWD 82.0m | TWD 108.6m | TWD 116.3m | TWD 97.6m | TWD 108.3m | TWD 106.3m |
| Operating income | −TWD 12.9m | −TWD 9.5m | −TWD 759,000 | −TWD 23.5m | −TWD 18.3m | −TWD 32.3m | −TWD 19.1m | −TWD 38.8m |
| Net income | TWD 5.1m | TWD 6.0m | −TWD 7.5m | −TWD 10.1m | TWD 3.6m | TWD 4.6m | TWD 47.9m | −TWD 8.2m |
| Diluted earnings per share | 0.05 | 0.05 | -0.07 | -0.09 | 0.03 | 0.04 | 0.42 | -0.07 |
| Cash from operations | TWD 50.0m | TWD 75.0m | TWD 57.0m | TWD 81.0m | TWD 115.0m | TWD 77.0m | TWD 92.0m | −TWD 14.0m |
| Capital spending | −TWD 61.0m | −TWD 41.0m | −TWD 16.0m | −TWD 13.0m | −TWD 20.0m | −TWD 10.0m | −TWD 47.0m | −TWD 8.0m |
| Free cash flow | −TWD 11.0m | TWD 34.0m | TWD 41.0m | TWD 68.0m | TWD 95.0m | TWD 67.0m | TWD 45.0m | −TWD 22.0m |
| Total assets | TWD 4.46bn | TWD 4.25bn | TWD 4.23bn | TWD 4.32bn | TWD 4.33bn | TWD 4.37bn | TWD 4.44bn | TWD 4.28bn |
| Cash and short-term investments | TWD 1.26bn | TWD 1.18bn | TWD 1.23bn | TWD 1.30bn | TWD 1.23bn | TWD 1.10bn | TWD 1.02bn | TWD 902.7m |
| Debt | TWD 370.8m | TWD 295.8m | TWD 441.1m | TWD 312.6m | TWD 550.3m | TWD 443.0m | TWD 448.2m | TWD 374.9m |
| Shareholders' equity | TWD 2.85bn | TWD 2.83bn | TWD 2.80bn | TWD 2.75bn | TWD 2.72bn | TWD 2.83bn | TWD 2.81bn | TWD 2.75bn |
Financial ratios
Data as of 13 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 15.0% | 11.7% | 10.5% | 17.3% | 17.2% | 18.2% |
| Operating margin | 0.5% | -8.9% | -8.9% | 0.4% | 0.6% | -5.4% |
| Net margin | -0.3% | -9.6% | -9.5% | 1.4% | 0.6% | -6.0% |
| Return on equity | -0.3% | -8.8% | -9.6% | 2.0% | 0.8% | -7.4% |
| Return on assets | -0.2% | -5.6% | -6.1% | 1.2% | 0.4% | -4.3% |
| Free cash flow yield | 4.1% | 2.4% | 4.8% | 9.1% | -0.2% | 6.7% |
| Revenue growth | 4.5% | -14.6% | -35.7% | 2.6% | 16.8% | -19.0% |
| Earnings growth | -96.2% | -13.8% | -544.4% | 145.2% | -111.2% | -5292.7% |
| Current ratio | 2.25x | 2.22x | 1.74x | 1.96x | 2.06x | 1.86x |
| Debt to equity | 0.14x | 0.16x | 0.19x | 0.28x | 0.42x | 0.32x |
| Equity ratio | 66.1% | 63.3% | 63.5% | 59.3% | 53.4% | 57.5% |
| Interest coverage | 0.67x | -16.20x | -12.81x | 0.80x | 1.52x | -8.96x |
| R&D as a share of sales | 10.1% | 11.6% | 11.5% | 9.4% | 8.9% | 15.7% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 1.2% | -0.8% | 4.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.9% | -7.2% | -4.9% |
| Operating income | — | -18.6% | — |
| Net income | — | -47.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.4% | 14.1% | 15.5% | 18.7% |
| Operating margin | -6.5% | -4.1% | -3.1% | -1.5% |
| Net margin | -4.9% | -3.7% | -3.2% | -1.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -614.8 | -28.4 | -26.8 | 133.7 | — | -29.4 | — | 46.5 | -38.9 | -14.9 |
| Price to sales | 2.1 | 2.7 | 2.6 | 1.9 | 3.0 | 1.8 | 2.1 | 1.3 | 1.3 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 Jul 2019.
| FY2019 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.50 | 0.56 | 1.48 | 1.88 | 2.10 | 3.90 | 3.75 | 3.258 |
- 1.03-for-1 split · 29 Aug 2008
- 29-for-25 split · 1 Aug 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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