M 
26.00
+0.39%
Close of 5 Nov 2026, in TWD
At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 802.5m
FY2016FY2025
Net income
TWD 31.6m
FY2016FY2025
Free cash flow
TWD 71.2m
FY2016FY2025
Shareholders' equity
TWD 1.80bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 802.5m | TWD 792.0m | TWD 836.1m | TWD 964.1m | TWD 927.2m | TWD 811.1m | TWD 918.3m | TWD 1.06bn | TWD 936.8m | TWD 1.10bn |
| Gross profit | TWD 175.4m | TWD 238.1m | TWD 257.3m | TWD 254.8m | TWD 234.9m | TWD 219.1m | TWD 174.2m | TWD 271.8m | TWD 269.8m | TWD 270.0m |
| Research and development | TWD 18.4m | TWD 21.0m | TWD 16.1m | TWD 15.0m | TWD 22.5m | TWD 27.8m | TWD 36.2m | TWD 38.4m | TWD 38.3m | TWD 49.4m |
| Operating income | TWD 46.2m | TWD 72.4m | TWD 137.7m | — | TWD 49.2m | TWD 29.8m | TWD 32.4m | TWD 103.9m | TWD 28.6m | TWD 76.9m |
| Net income | TWD 31.6m | TWD 123.5m | TWD 134.8m | TWD 139.7m | TWD 29.9m | TWD 10.7m | TWD 18.3m | TWD 104.2m | −TWD 14.2m | TWD 60.6m |
| Diluted earnings per share | 0.56 | 2.20 | 2.41 | 2.49 | 0.53 | 0.19 | 0.32 | 1.86 | -0.25 | 1.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 2.55bn | TWD 2.64bn | TWD 2.48bn | TWD 2.43bn | TWD 2.28bn | TWD 2.16bn | TWD 2.09bn | TWD 2.17bn | TWD 1.99bn | TWD 1.97bn |
| Total liabilities | TWD 748.8m | TWD 820.5m | TWD 773.5m | TWD 796.1m | TWD 777.5m | TWD 685.7m | TWD 575.7m | TWD 610.0m | TWD 514.9m | TWD 464.9m |
| Debt | TWD 266.5m | TWD 275.1m | TWD 200.0m | TWD 200.0m | TWD 200.0m | TWD 195.0m | TWD 381.0m | TWD 381.0m | TWD 344.8m | TWD 235.2m |
| Shareholders' equity | TWD 1.80bn | TWD 1.82bn | TWD 1.71bn | TWD 1.64bn | TWD 1.51bn | TWD 1.48bn | TWD 1.52bn | TWD 1.56bn | TWD 1.47bn | TWD 1.50bn |
| Shares outstanding | 56m | 56m | 56m | 56m | 56m | 56m | 57m | 56m | 56m | 56m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 81.7m | TWD 132.0m | TWD 137.2m | TWD 324.0m | TWD 7.0m | TWD 88.4m | TWD 34.2m | TWD 161.4m | TWD 71.4m | TWD 100.1m |
| Capital spending | −TWD 10.5m | −TWD 17.7m | −TWD 12.1m | −TWD 6.6m | −TWD 94.6m | −TWD 259.6m | −TWD 30.9m | −TWD 57.0m | −TWD 12.7m | −TWD 26.9m |
| Free cash flow | TWD 71.2m | TWD 114.2m | TWD 125.2m | TWD 317.4m | −TWD 87.6m | −TWD 171.2m | TWD 3.2m | TWD 104.4m | TWD 58.7m | TWD 73.2m |
| Dividends paid | −TWD 59.8m | −TWD 56.0m | −TWD 67.3m | — | — | −TWD 39.9m | −TWD 56.9m | −TWD 17.1m | −TWD 22.7m | −TWD 67.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 240.6m | TWD 245.4m | TWD 219.1m | TWD 183.8m | TWD 223.4m | TWD 176.2m | TWD 185.3m | TWD 181.7m |
| Gross profit | TWD 71.6m | TWD 83.6m | TWD 55.2m | TWD 30.4m | TWD 43.6m | TWD 46.3m | TWD 52.4m | TWD 57.4m |
| Operating income | TWD 34.5m | TWD 42.7m | TWD 15.6m | −TWD 298,000 | TWD 20.0m | TWD 12.8m | −TWD 5.2m | TWD 24.4m |
| Net income | TWD 36.3m | TWD 45.6m | TWD 37.2m | TWD 34.1m | −TWD 57.6m | TWD 18.0m | TWD 23.5m | TWD 6.8m |
| Diluted earnings per share | 0.65 | 0.81 | 0.66 | 0.61 | -1.03 | 0.32 | 0.42 | 0.12 |
| Cash from operations | TWD 6.0m | — | TWD 84.0m | TWD 55.0m | −TWD 67.0m | TWD 9.0m | TWD 54.0m | TWD 33.0m |
| Capital spending | — | — | −TWD 4.0m | −TWD 2.0m | — | −TWD 4.0m | −TWD 7.0m | −TWD 6.0m |
| Free cash flow | — | — | TWD 80.0m | TWD 53.0m | — | TWD 5.0m | TWD 47.0m | TWD 27.0m |
| Total assets | TWD 2.68bn | TWD 2.65bn | TWD 2.55bn | TWD 2.53bn | TWD 2.56bn | TWD 2.65bn | TWD 2.64bn | TWD 2.63bn |
| Debt | TWD 262.4m | TWD 265.1m | TWD 266.5m | TWD 269.5m | TWD 270.1m | TWD 278.2m | TWD 275.1m | TWD 281.0m |
| Shareholders' equity | TWD 1.87bn | TWD 1.83bn | TWD 1.80bn | TWD 1.76bn | TWD 1.72bn | TWD 1.78bn | TWD 1.82bn | TWD 1.76bn |
Financial ratios
Data as of 31 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 21.9% | 30.1% | 30.8% | 26.4% | 25.3% | 27.0% | — |
| Operating margin | 7.2% | 21.5% | 21.7% | 20.6% | 5.3% | 3.7% | — |
| Net margin | 3.9% | 15.6% | 16.1% | 14.5% | 3.2% | 1.3% | — |
| Return on equity | 1.8% | 6.8% | 7.9% | 8.5% | 2.0% | 0.7% | — |
| Return on assets | 1.2% | 4.7% | 5.4% | 5.7% | 1.3% | 0.5% | — |
| Free cash flow yield | — | 9.8% | 9.8% | 21.6% | 6.6% | 22.7% | 4.2% |
| Revenue growth | 1.3% | -5.3% | -13.3% | 4.0% | 14.3% | -11.7% | — |
| Earnings growth | -74.4% | -8.4% | -3.5% | 366.8% | 179.8% | -41.6% | — |
| Current ratio | 2.44x | 2.26x | 2.11x | 1.99x | 1.80x | 2.02x | — |
| Debt to equity | 0.15x | 0.15x | 0.12x | 0.12x | 0.13x | 0.13x | — |
| Equity ratio | 70.6% | 68.9% | 68.8% | 67.3% | 65.9% | 68.3% | — |
| Interest coverage | 4.61x | 14.19x | 17.51x | 26.66x | 9.01x | 5.69x | — |
| R&D as a share of sales | 2.3% | 2.7% | 1.9% | 1.6% | 2.4% | 3.4% | — |
| Buybacks as a share of market value | — | 0.0% | 0.0% | 0.0% | 0.0% | 1.6% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.9% | -0.2% | -4.3% |
| Operating income | — | 9.2% | -9.6% |
| Net income | -39.0% | 24.2% | -11.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.9% | 27.3% | 26.9% | 26.0% |
| Operating margin | 7.4% | — | — | — |
| Net margin | 9.7% | 12.7% | 9.2% | 7.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 48.2 | 17.8 | 17.8 | 8.5 | 32.7 | 75.8 | 51.7 | 9.0 | -68.0 | 17.4 |
| Price to sales | 1.9 | 2.8 | 2.9 | 1.2 | 1.1 | 1.0 | 1.0 | 0.9 | 1.0 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 17 Jul 2025.
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Paid in the year | 0.952 | 0.952 | 1.088 |
- 1050-for-1000 split · 22 Aug 2024
- 1050-for-1000 split · 27 Aug 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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