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Hiwin Mikrosystem 4576.TW · TWD

Information Technology · Taiwan Stock Exchange · 🇹🇼 Taiwan

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178.50

+6.89%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 2.71bn

FY2016FY2025

Net income

TWD 241.3m

FY2016FY2025

Free cash flow

TWD 359.0m

FY2016FY2025

Shareholders' equity

TWD 4.10bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 2.71bnTWD 2.25bnTWD 2.17bnTWD 3.23bnTWD 3.18bnTWD 2.45bnTWD 2.04bnTWD 2.81bnTWD 2.41bnTWD 1.71bn
Gross profitTWD 917.4mTWD 699.4mTWD 668.4mTWD 1.12bnTWD 1.09bnTWD 839.7mTWD 649.5mTWD 1.06bnTWD 841.9mTWD 612.2m
Research and developmentTWD 272.8mTWD 280.5mTWD 280.3mTWD 311.4mTWD 313.9mTWD 356.9mTWD 334.5mTWD 377.9mTWD 352.4mTWD 283.6m
Operating incomeTWD 309.4mTWD 51.2mTWD 56.4mTWD 484.9mTWD 392.6mTWD 186.1mTWD 61.0mTWD 292.9mTWD 159.7mTWD 40.0m
Net incomeTWD 241.3mTWD 60.7mTWD 5.1mTWD 326.9mTWD 297.1mTWD 135.2mTWD 34.8mTWD 240.5mTWD 118.6mTWD 16.0m
Diluted earnings per share1.900.510.042.722.491.120.292.211.220.17

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 7.01bnTWD 6.63bnTWD 6.16bnTWD 5.86bnTWD 5.90bnTWD 5.45bnTWD 5.41bnTWD 4.74bnTWD 4.12bnTWD 3.84bn
Cash and short-term investmentsTWD 1.13bnTWD 961.7mTWD 646.2mTWD 747.0mTWD 729.8mTWD 489.2mTWD 385.7mTWD 422.4mTWD 383.6mTWD 385.3m
Total liabilitiesTWD 2.57bnTWD 2.47bnTWD 2.13bnTWD 1.75bnTWD 2.04bnTWD 1.89bnTWD 2.00bnTWD 2.11bnTWD 2.13bnTWD 1.97bn
DebtTWD 1.29bnTWD 1.44bnTWD 1.09bnTWD 818.5mTWD 976.3mTWD 1.18bnTWD 1.27bnTWD 1.23bnTWD 1.35bnTWD 1.41bn
Shareholders' equityTWD 4.10bnTWD 3.87bnTWD 3.79bnTWD 3.90bnTWD 3.70bnTWD 3.44bnTWD 3.31bnTWD 2.54bnTWD 1.92bnTWD 1.81bn
Shares outstanding127m120m120m120m119m120m118m109m97m95m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 441.3mTWD 519.2mTWD 221.2mTWD 409.9mTWD 569.4mTWD 343.4mTWD 249.0mTWD 45.4mTWD 165.0mTWD 238.9m
Capital spending−TWD 82.3m−TWD 559.1m−TWD 302.9m−TWD 70.0m−TWD 88.9m−TWD 152.1m−TWD 1.04bn−TWD 255.0m−TWD 106.0m−TWD 651.3m
Free cash flowTWD 359.0m−TWD 39.9m−TWD 81.6mTWD 339.9mTWD 480.6mTWD 191.3m−TWD 789.5m−TWD 209.7mTWD 58.9m−TWD 412.3m
Dividends paid−TWD 24.0m−TWD 12.0m−TWD 119.8m−TWD 119.8m−TWD 35.6m−TWD 4.7m−TWD 85.1m−TWD 13.0m−TWD 3.7m−TWD 9.1m

Latest quarters

By quarter end

Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024Jun 2024
RevenueTWD 855.0mTWD 755.3mTWD 689.2mTWD 682.1mTWD 587.8mTWD 619.0mTWD 598.2mTWD 582.5m
Gross profitTWD 309.9mTWD 216.7mTWD 232.5mTWD 257.6mTWD 210.6mTWD 204.7mTWD 197.8mTWD 184.0m
Operating incomeTWD 138.1mTWD 85.1mTWD 71.7mTWD 105.4mTWD 47.2mTWD 48.2mTWD 36.5mTWD 23.5m
Net incomeTWD 115.5mTWD 90.3mTWD 72.1mTWD 25.8mTWD 53.1mTWD 33.0mTWD 24.3mTWD 26.7m
Diluted earnings per share0.960.710.570.200.420.280.200.22
Cash from operationsTWD 27.0mTWD 149.0mTWD 186.0mTWD 34.0mTWD 70.0mTWD 97.0mTWD 191.0mTWD 178.0m
Capital spending−TWD 55.0m−TWD 8.0m−TWD 9.0m−TWD 10.0m−TWD 56.0m−TWD 71.0m−TWD 117.0m−TWD 180.0m
Free cash flow−TWD 28.0mTWD 141.0mTWD 177.0mTWD 24.0mTWD 14.0mTWD 26.0mTWD 74.0m−TWD 2.0m
Total assetsTWD 7.17bnTWD 7.01bnTWD 6.72bnTWD 6.48bnTWD 6.52bnTWD 6.63bnTWD 6.39bnTWD 6.34bn
Cash and short-term investmentsTWD 1.10bnTWD 1.13bnTWD 1.04bnTWD 884.3mTWD 890.9mTWD 961.7mTWD 781.7mTWD 759.3m
DebtTWD 1.29bnTWD 1.29bnTWD 1.32bnTWD 1.33bnTWD 1.36bnTWD 1.44bnTWD 1.31bnTWD 1.35bn
Shareholders' equityTWD 4.14bnTWD 4.10bnTWD 3.99bnTWD 3.89bnTWD 3.88bnTWD 3.87bnTWD 3.80bnTWD 3.78bn

Financial ratios

Data as of 1 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin33.8%31.0%30.8%34.6%34.1%34.2%
Operating margin11.4%2.3%2.6%15.0%12.3%7.6%
Net margin8.9%2.7%0.2%10.1%9.3%5.5%
Return on equity5.9%1.6%0.1%8.4%8.0%3.9%
Return on assets3.4%0.9%0.1%5.6%5.0%2.5%
Free cash flow yield1.7%3.8%1.8%1.7%2.3%1.7%
Revenue growth20.4%3.8%-32.8%1.4%29.9%20.1%
Earnings growth297.9%1089.0%-98.4%10.1%119.7%288.4%
Current ratio2.10x2.07x1.86x2.38x2.17x2.06x
Debt to equity0.32x0.37x0.28x0.20x0.25x0.35x
Equity ratio58.5%58.4%61.5%66.5%62.8%63.1%
Interest coverage20.09x3.20x4.31x38.52x34.07x17.70x
R&D as a share of sales10.1%12.4%12.9%9.6%9.9%14.6%
Buybacks as a share of market value-6.1%0.0%0.5%-1.1%1.1%-1.8%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-5.6%2.1%4.4%
Operating income-13.9%10.7%14.5%
Net income-9.6%12.3%16.8%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin32.5%32.8%33.3%34.3%
Operating margin7.3%8.7%9.3%7.9%
Net margin6.1%6.1%6.7%5.7%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Price to earnings54.2302.2—25.545.380.4281.033.6
Price to sales4.88.13.82.64.24.44.82.9

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 19 Jul 2023.

FY2023FY2022FY2021FY2020FY2019
Paid in the year1.001.000.2970.0390.78
  • 1.01-for-1 split · 27 Sept 2021
  • 1.006-for-1 split · 5 Aug 2020

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.