14.00
+1.82%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 1.10bn
FY2016FY2025
Net income
−TWD 421.2m
FY2016FY2025
Free cash flow
TWD 88.2m
FY2016FY2025
Shareholders' equity
TWD 4.12bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 1.10bn | TWD 1.14bn | TWD 1.30bn | TWD 1.89bn | TWD 2.48bn | TWD 2.06bn | TWD 2.69bn | TWD 2.64bn | TWD 2.04bn | TWD 1.96bn |
| Gross profit | −TWD 223.7m | −TWD 193.8m | −TWD 128.0m | TWD 242.7m | TWD 647.1m | TWD 561.9m | TWD 882.8m | TWD 849.8m | TWD 524.4m | TWD 575.9m |
| Research and development | TWD 42.5m | TWD 43.7m | TWD 47.2m | TWD 40.1m | TWD 38.5m | TWD 36.1m | TWD 44.4m | TWD 43.1m | TWD 49.0m | TWD 67.5m |
| Operating income | −TWD 378.0m | −TWD 365.7m | −TWD 366.5m | TWD 111.0m | TWD 446.9m | TWD 408.0m | TWD 679.2m | TWD 645.8m | TWD 328.7m | TWD 402.3m |
| Net income | −TWD 421.2m | −TWD 353.1m | −TWD 371.1m | TWD 55.8m | TWD 319.8m | TWD 298.0m | TWD 489.7m | TWD 505.0m | TWD 234.9m | TWD 296.8m |
| Diluted earnings per share | -1.81 | -1.70 | -1.83 | 0.30 | 1.74 | 1.65 | 2.84 | 3.25 | 1.52 | 2.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 6.63bn | TWD 7.17bn | TWD 7.58bn | TWD 7.91bn | TWD 8.11bn | TWD 7.89bn | TWD 8.04bn | TWD 6.92bn | TWD 6.08bn | TWD 5.74bn |
| Cash and short-term investments | TWD 740.4m | TWD 772.7m | TWD 934.2m | TWD 582.9m | TWD 675.7m | TWD 963.4m | TWD 776.4m | TWD 560.7m | TWD 656.2m | TWD 504.5m |
| Total liabilities | TWD 2.51bn | TWD 3.21bn | TWD 3.27bn | TWD 3.62bn | TWD 3.63bn | TWD 3.50bn | TWD 3.59bn | TWD 3.23bn | TWD 2.77bn | TWD 2.50bn |
| Debt | TWD 2.25bn | TWD 2.92bn | TWD 3.01bn | TWD 3.15bn | TWD 2.95bn | TWD 2.89bn | TWD 3.09bn | TWD 2.41bn | TWD 2.13bn | TWD 1.88bn |
| Shareholders' equity | TWD 4.12bn | TWD 3.96bn | TWD 4.31bn | TWD 4.29bn | TWD 4.47bn | TWD 4.39bn | TWD 4.45bn | TWD 3.69bn | TWD 3.32bn | TWD 3.24bn |
| Shares outstanding | 233m | 207m | 203m | 185m | 184m | 180m | 173m | 156m | 154m | 146m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 98.9m | −TWD 35.3m | TWD 282.3m | TWD 190.6m | TWD 240.0m | TWD 888.5m | TWD 846.1m | TWD 829.9m | TWD 501.9m | TWD 674.3m |
| Capital spending | −TWD 10.7m | −TWD 11.8m | −TWD 169.0m | −TWD 243.3m | −TWD 346.4m | −TWD 145.3m | −TWD 400.9m | −TWD 1.05bn | −TWD 411.0m | −TWD 480.1m |
| Free cash flow | TWD 88.2m | −TWD 47.1m | TWD 113.2m | −TWD 52.7m | −TWD 106.4m | TWD 743.2m | TWD 445.2m | −TWD 220.7m | TWD 90.8m | TWD 194.3m |
| Dividends paid | — | — | −TWD 40.6m | −TWD 237.6m | −TWD 237.6m | −TWD 396.2m | −TWD 444.5m | −TWD 186.8m | −TWD 186.8m | −TWD 68.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 193.2m | TWD 193.6m | TWD 270.6m | TWD 215.4m | TWD 308.0m | TWD 307.9m | TWD 377.8m | TWD 289.5m |
| Gross profit | −TWD 59.2m | −TWD 41.5m | −TWD 54.9m | −TWD 80.1m | −TWD 55.1m | −TWD 33.5m | −TWD 15.3m | −TWD 45.4m |
| Operating income | −TWD 100.8m | −TWD 76.1m | −TWD 95.1m | −TWD 84.7m | −TWD 170.7m | −TWD 84.9m | −TWD 57.2m | −TWD 98.6m |
| Net income | −TWD 96.3m | −TWD 68.8m | −TWD 75.3m | −TWD 106.5m | −TWD 158.6m | −TWD 80.8m | −TWD 75.5m | −TWD 74.8m |
| Diluted earnings per share | -0.41 | -0.30 | -0.32 | -0.46 | -0.68 | -0.35 | -0.36 | -0.36 |
| Cash from operations | TWD 106.0m | −TWD 7.0m | −TWD 32.0m | TWD 60.0m | TWD 83.0m | −TWD 12.0m | −TWD 98.0m | −TWD 13.0m |
| Capital spending | −TWD 2.0m | — | −TWD 1.0m | −TWD 3.0m | −TWD 3.0m | −TWD 2.0m | −TWD 4.0m | −TWD 1.0m |
| Free cash flow | TWD 104.0m | — | −TWD 33.0m | TWD 57.0m | TWD 80.0m | −TWD 14.0m | −TWD 102.0m | −TWD 14.0m |
| Total assets | TWD 6.43bn | TWD 6.56bn | TWD 6.63bn | TWD 6.70bn | TWD 6.88bn | TWD 7.14bn | TWD 7.17bn | TWD 7.25bn |
| Cash and short-term investments | TWD 832.1m | TWD 740.4m | TWD 740.4m | TWD 814.2m | TWD 763.9m | TWD 775.2m | TWD 772.7m | TWD 889.6m |
| Debt | TWD 844.4m | TWD 1.23bn | TWD 1.23bn | TWD 1.23bn | TWD 1.24bn | TWD 1.31bn | TWD 1.86bn | TWD 1.88bn |
| Shareholders' equity | TWD 3.95bn | TWD 4.05bn | TWD 4.12bn | TWD 4.19bn | TWD 4.30bn | TWD 4.46bn | TWD 3.96bn | TWD 4.04bn |
Financial ratios
Data as of 17 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | -20.3% | -16.9% | -9.8% | 12.8% | 26.1% | 27.2% |
| Operating margin | -34.2% | -26.6% | -27.7% | 5.8% | 18.0% | 20.7% |
| Net margin | -38.2% | -30.8% | -28.4% | 3.0% | 12.9% | 14.5% |
| Return on equity | -10.2% | -8.9% | -8.6% | 1.3% | 7.1% | 6.8% |
| Return on assets | -6.4% | -4.9% | -4.9% | 0.7% | 3.9% | 3.8% |
| Free cash flow yield | 2.7% | -1.1% | 8.7% | 6.4% | 8.2% | 30.8% |
| Revenue growth | -3.7% | -12.3% | -31.0% | -23.8% | 20.3% | -23.4% |
| Earnings growth | 19.3% | -4.9% | -765.0% | -82.6% | 7.3% | -39.1% |
| Current ratio | 1.55x | 2.47x | 2.66x | 1.37x | 1.65x | 1.81x |
| Debt to equity | 0.29x | 0.47x | 0.45x | 0.48x | 0.41x | 0.41x |
| Equity ratio | 62.1% | 55.2% | 56.9% | 54.3% | 55.2% | 55.7% |
| Interest coverage | -7.96x | -5.20x | -6.59x | 2.47x | 11.44x | 9.60x |
| R&D as a share of sales | 3.9% | 3.8% | 3.6% | 2.1% | 1.6% | 1.7% |
| Buybacks as a share of market value | -12.4% | -2.1% | -9.4% | -0.9% | -1.9% | -4.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.5% | -11.8% | -3.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -18.6% | -5.6% | 9.1% | 19.8% |
| Operating margin | -33.1% | -18.4% | -1.4% | 10.0% |
| Net margin | -34.5% | -20.0% | -4.7% | 6.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.7 | -12.8 | -13.0 | 80.7 | 24.2 | 18.1 | 14.9 | 11.4 | 16.2 |
| Price to sales | 3.7 | 3.9 | 3.7 | 2.4 | 3.1 | 2.6 | 2.7 | 2.2 | 1.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 30 Aug 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.20 | 1.276 | 1.30 | 2.20 | 2.50 | 1.20 | 1.20 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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