C 
42.00
-4.11%
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 29.3m
FY2016FY2025
Net income
−TWD 57.4m
FY2016FY2025
Free cash flow
TWD 8.3m
FY2016FY2025
Shareholders' equity
TWD 1.20bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 29.3m | TWD 76.0m | TWD 65.4m | TWD 124.0m | TWD 193.5m | TWD 264.1m | TWD 560.2m | TWD 1.55bn | TWD 1.15bn | TWD 443.2m |
| Research and development | — | — | — | — | — | — | — | TWD 32,000 | TWD 165,000 | TWD 435,000 |
| Operating income | −TWD 97.1m | −TWD 72.2m | −TWD 77.2m | −TWD 72.3m | −TWD 46.5m | −TWD 31.3m | −TWD 37.5m | −TWD 25.4m | −TWD 25.5m | TWD 12.7m |
| Net income | −TWD 57.4m | −TWD 45.9m | −TWD 49.3m | −TWD 47.5m | −TWD 13.3m | −TWD 10.6m | −TWD 21.7m | −TWD 17.0m | −TWD 16.3m | TWD 9.8m |
| Diluted earnings per share | -0.70 | -0.56 | -0.60 | -0.58 | -0.16 | -0.13 | -0.27 | -0.21 | -0.20 | 0.12 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 2.52bn | TWD 2.81bn | TWD 2.85bn | TWD 2.86bn | TWD 2.77bn | TWD 2.52bn | TWD 1.95bn | TWD 1.91bn | TWD 1.98bn | TWD 1.86bn |
| Cash and short-term investments | — | — | — | — | — | — | — | — | — | TWD 917.7m |
| Total liabilities | TWD 1.04bn | TWD 1.25bn | TWD 1.28bn | TWD 1.21bn | TWD 1.06bn | TWD 895.6m | TWD 720.8m | TWD 809.1m | TWD 850.1m | TWD 677.1m |
| Debt | TWD 495.0m | TWD 587.7m | TWD 591.0m | TWD 787.9m | TWD 726.4m | TWD 172.8m | — | — | — | TWD 491.4m |
| Shareholders' equity | TWD 1.20bn | TWD 1.27bn | TWD 1.26bn | TWD 1.34bn | TWD 1.38bn | TWD 1.30bn | TWD 1.14bn | TWD 1.10bn | TWD 1.13bn | TWD 1.18bn |
| Shares outstanding | 82m | 82m | 82m | 82m | 82m | 80m | 82m | 82m | 82m | 80m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 20.3m | −TWD 70.0m | −TWD 74.9m | −TWD 76.7m | −TWD 73.5m | TWD 77.3m | TWD 33.4m | TWD 7.6m | −TWD 44.8m | TWD 22.3m |
| Capital spending | −TWD 12.0m | −TWD 31.6m | −TWD 82.9m | −TWD 235.1m | −TWD 292.9m | −TWD 402.5m | −TWD 54.6m | −TWD 116.2m | −TWD 2.3m | −TWD 479,000 |
| Free cash flow | TWD 8.3m | −TWD 101.7m | −TWD 157.8m | −TWD 311.9m | −TWD 366.3m | −TWD 325.3m | −TWD 21.1m | −TWD 108.6m | −TWD 47.2m | TWD 21.8m |
| Dividends paid | — | — | — | −TWD 40.9m | −TWD 40.9m | −TWD 40.9m | −TWD 40.9m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 9.1m | TWD 9.0m | TWD 6.3m | TWD 5.7m | TWD 6.8m | TWD 10.6m | TWD 49.1m | TWD 9.9m |
| Operating income | −TWD 28.4m | −TWD 24.7m | −TWD 28.9m | −TWD 26.0m | −TWD 57.5m | −TWD 17.9m | TWD 1.0m | −TWD 22.5m |
| Net income | −TWD 16.6m | −TWD 12.2m | −TWD 5.2m | −TWD 4.8m | −TWD 34.6m | −TWD 12.9m | −TWD 13.9m | −TWD 7.1m |
| Diluted earnings per share | -0.20 | -0.15 | -0.06 | -0.06 | -0.42 | -0.16 | -0.17 | -0.09 |
| Cash from operations | −TWD 19.0m | −TWD 10.0m | TWD 6.0m | −TWD 5.0m | −TWD 18.0m | TWD 37.0m | −TWD 31.0m | TWD 3.0m |
| Capital spending | −TWD 18.0m | −TWD 3.0m | −TWD 9.0m | — | −TWD 3.0m | −TWD 3.0m | −TWD 13.0m | −TWD 1.0m |
| Free cash flow | −TWD 37.0m | −TWD 13.0m | −TWD 3.0m | — | −TWD 21.0m | TWD 34.0m | −TWD 44.0m | TWD 2.0m |
| Total assets | TWD 2.50bn | TWD 2.50bn | TWD 2.52bn | TWD 2.51bn | TWD 2.48bn | TWD 2.62bn | TWD 2.81bn | TWD 2.82bn |
| Debt | TWD 453.0m | TWD 474.0m | TWD 495.0m | TWD 516.0m | TWD 537.0m | TWD 579.0m | TWD 587.7m | TWD 774.2m |
| Shareholders' equity | TWD 1.20bn | TWD 1.21bn | TWD 1.20bn | TWD 1.17bn | TWD 1.15bn | TWD 1.27bn | TWD 1.27bn | TWD 1.28bn |
Financial ratios
Data as of 28 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | -269.9% | -28.2% | -68.9% | -58.4% | -24.0% | -11.7% | — | — |
| Net margin | -195.8% | -60.3% | -75.4% | -38.3% | -6.9% | -4.0% | — | — |
| Return on equity | -4.8% | -3.6% | -3.9% | -3.6% | -1.0% | -0.8% | — | — |
| Return on assets | -2.3% | -1.6% | -1.7% | -1.7% | -0.5% | -0.4% | — | — |
| Free cash flow yield | — | -1.0% | 0.2% | 4.3% | 6.0% | 13.4% | — | — |
| Revenue growth | -61.4% | 16.4% | -47.3% | -35.9% | -26.7% | -52.9% | — | — |
| Earnings growth | 25.2% | -6.9% | 3.7% | 256.9% | 25.7% | -51.3% | — | — |
| Current ratio | 2.45x | 2.34x | 2.34x | 6.73x | 14.26x | 2.95x | — | — |
| Debt to equity | 0.41x | 0.46x | 0.47x | 0.59x | 0.53x | 0.13x | — | — |
| Equity ratio | 47.8% | 45.2% | 44.4% | 46.7% | 50.0% | 51.6% | — | — |
| Interest coverage | -3.65x | -0.84x | -2.09x | -3.81x | -4.73x | -4.14x | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.0% | 0.0% |
| Buybacks as a share of market value | — | 0.0% | 0.0% | -0.0% | -2.1% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -38.2% | -35.6% | -26.4% |
| Operating income | 10.3% | 25.4% | 1.4% |
| Net income | 6.5% | 40.2% | -16.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -160.7% | -108.2% | -52.7% | -11.0% |
| Net margin | -98.0% | -67.9% | -29.8% | -12.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -33.3 | -62.9 | -58.5 | -69.9 | -297.1 | -361.1 | -199.6 | -130.0 | -146.9 | 192.5 |
| Price to sales | 65.3 | 37.9 | 44.1 | 26.8 | 20.4 | 14.5 | 7.7 | 1.4 | 2.1 | 4.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Jul 2022.
| FY2022 | |
|---|---|
| Paid in the year | 0.50 |
- 1.08225-for-1 split · 5 Aug 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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