W 
20.20
+0.50%
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 827.9m
FY2016FY2025
Net income
−TWD 155.7m
FY2016FY2025
Free cash flow
−TWD 100.9m
FY2016FY2025
Shareholders' equity
TWD 501.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 827.9m | TWD 649.2m | TWD 770.0m | TWD 1.21bn | TWD 1.33bn | TWD 933.6m | TWD 1.02bn | TWD 1.15bn | TWD 1.30bn | TWD 1.01bn |
| Research and development | TWD 94.3m | TWD 100.3m | TWD 120.4m | TWD 121.2m | TWD 134.7m | TWD 164.1m | TWD 172.4m | TWD 190.4m | TWD 115.5m | TWD 101.4m |
| Operating income | −TWD 184.2m | −TWD 253.6m | −TWD 199.2m | −TWD 200.0m | −TWD 113.6m | −TWD 312.7m | −TWD 319.3m | −TWD 255.3m | TWD 35.7m | −TWD 488.0m |
| Net income | −TWD 155.7m | −TWD 167.2m | −TWD 196.9m | −TWD 202.9m | −TWD 91.0m | −TWD 166.3m | −TWD 332.5m | −TWD 90.7m | TWD 50.1m | −TWD 601.5m |
| Diluted earnings per share | -1.54 | -1.66 | -1.94 | -2.04 | -0.91 | -1.65 | -3.29 | -0.90 | 0.50 | -6.55 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 2.63bn | TWD 2.78bn | TWD 2.91bn | TWD 2.87bn | TWD 3.19bn | TWD 3.24bn | TWD 2.91bn | TWD 3.12bn | TWD 3.16bn | TWD 2.31bn |
| Cash and short-term investments | — | — | TWD 652.7m | TWD 713.5m | TWD 619.4m | TWD 769.1m | — | — | — | TWD 769.4m |
| Total liabilities | TWD 2.21bn | TWD 2.22bn | TWD 2.19bn | TWD 2.04bn | TWD 2.18bn | TWD 2.12bn | TWD 1.58bn | TWD 1.48bn | TWD 1.69bn | TWD 862.7m |
| Debt | TWD 520.5m | TWD 577.3m | TWD 863.8m | TWD 630.2m | TWD 692.0m | TWD 798.6m | TWD 35.0m | TWD 47.0m | — | TWD 85.7m |
| Shareholders' equity | TWD 501.7m | TWD 636.3m | TWD 790.0m | TWD 901.8m | TWD 1.08bn | TWD 1.18bn | TWD 1.39bn | TWD 1.68bn | TWD 1.49bn | TWD 1.45bn |
| Shares outstanding | 101m | 101m | 101m | 99m | 99m | 101m | 101m | 101m | 101m | 92m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 65.7m | −TWD 74.2m | −TWD 86.0m | TWD 152.7m | −TWD 135.8m | −TWD 16.8m | −TWD 14.8m | −TWD 19.6m | TWD 463.0m | −TWD 120.0m |
| Capital spending | −TWD 35.2m | −TWD 23.3m | −TWD 17.3m | −TWD 13.8m | −TWD 34.3m | −TWD 764.3m | −TWD 176.0m | −TWD 111.9m | −TWD 185.3m | −TWD 24.2m |
| Free cash flow | −TWD 100.9m | −TWD 97.5m | −TWD 103.3m | TWD 138.9m | −TWD 170.1m | −TWD 781.1m | −TWD 190.9m | −TWD 131.4m | TWD 277.7m | −TWD 144.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 232.5m | TWD 227.4m | TWD 184.8m | TWD 178.4m | TWD 237.9m | TWD 226.8m | TWD 198.4m | TWD 146.2m |
| Operating income | −TWD 34.7m | −TWD 1.7m | −TWD 59.5m | −TWD 33.8m | −TWD 50.0m | −TWD 45.4m | −TWD 48.3m | −TWD 69.5m |
| Net income | −TWD 24.9m | −TWD 10.1m | −TWD 38.9m | −TWD 22.4m | −TWD 52.4m | −TWD 41.9m | −TWD 24.4m | −TWD 60.2m |
| Diluted earnings per share | -0.25 | -0.10 | -0.39 | -0.22 | -0.52 | -0.42 | -0.24 | -0.60 |
| Cash from operations | −TWD 27.0m | −TWD 41.0m | −TWD 19.0m | −TWD 8.0m | −TWD 8.0m | −TWD 28.0m | −TWD 25.0m | TWD 1.0m |
| Capital spending | −TWD 4.0m | −TWD 2.0m | — | −TWD 4.0m | −TWD 31.0m | −TWD 5.0m | −TWD 6.0m | −TWD 8.0m |
| Free cash flow | −TWD 31.0m | −TWD 43.0m | — | −TWD 12.0m | −TWD 39.0m | −TWD 33.0m | −TWD 31.0m | −TWD 7.0m |
| Total assets | TWD 2.77bn | TWD 2.71bn | TWD 2.63bn | TWD 2.54bn | TWD 2.63bn | TWD 2.79bn | TWD 2.78bn | TWD 2.73bn |
| Debt | TWD 435.0m | TWD 509.3m | TWD 520.5m | TWD 531.7m | TWD 542.9m | TWD 554.1m | TWD 577.3m | TWD 576.5m |
| Shareholders' equity | TWD 549.5m | TWD 491.9m | TWD 501.7m | TWD 538.9m | TWD 558.8m | TWD 625.7m | TWD 636.3m | TWD 649.3m |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -16.4% | -22.8% | -25.5% | -11.4% | -8.5% | -33.5% |
| Net margin | -18.8% | -25.8% | -25.6% | -16.8% | -6.8% | -17.8% |
| Return on equity | -31.0% | -26.3% | -24.9% | -22.5% | -8.4% | -14.1% |
| Return on assets | -5.9% | -6.0% | -6.8% | -7.1% | -2.9% | -5.1% |
| Free cash flow yield | — | -2.2% | -2.9% | 7.3% | -4.4% | 32.2% |
| Revenue growth | 27.5% | -15.7% | -36.2% | -9.5% | 42.9% | -8.1% |
| Earnings growth | -6.9% | -15.1% | -2.9% | 123.0% | -45.3% | -50.0% |
| Current ratio | 0.48x | 0.58x | 0.62x | 0.77x | 0.88x | 0.84x |
| Debt to equity | 1.04x | 0.91x | 1.03x | 0.69x | 0.61x | 0.62x |
| Equity ratio | 19.0% | 22.9% | 27.2% | 31.5% | 33.9% | 36.5% |
| Interest coverage | -5.96x | -6.48x | -11.98x | -10.90x | -11.05x | -57.16x |
| R&D as a share of sales | 11.4% | 15.5% | 15.6% | 10.0% | 10.1% | 17.6% |
| Buybacks as a share of market value | — | 0.5% | -2.0% | 0.0% | 1.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.8% | -2.4% | -10.8% |
| Operating income | -2.7% | -10.0% | -6.0% |
| Net income | -8.5% | -1.3% | -10.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -29.6% | -24.2% | -22.1% | -20.6% |
| Net margin | -21.9% | -20.9% | -17.1% | -18.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -15.5 | -17.0 | -14.5 | -19.1 | -77.1 | -15.6 | -9.0 | -32.4 | 99.1 | -2.4 |
| Price to sales | 2.9 | 4.4 | 3.7 | 3.2 | 5.3 | 2.8 | 3.0 | 2.6 | 3.8 | 1.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 115-for-100 split · 22 Jul 2009
- 125-for-100 split · 4 Aug 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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