M 
20.95
+1.21%
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 740.2m
FY2016FY2025
Net income
−TWD 448.6m
FY2016FY2025
Free cash flow
−TWD 126.3m
FY2016FY2025
Shareholders' equity
TWD 1.60bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 740.2m | TWD 683.9m | TWD 652.6m | TWD 732.3m | TWD 774.3m | TWD 665.3m | TWD 390.8m | TWD 211.4m | TWD 318.6m | TWD 200.6m |
| Research and development | TWD 75.9m | TWD 78.2m | TWD 75.8m | TWD 144.0m | TWD 96.1m | TWD 46.5m | TWD 284.6m | TWD 276.1m | TWD 195.5m | TWD 217.8m |
| Operating income | −TWD 423.6m | −TWD 448.2m | −TWD 674.4m | −TWD 447.4m | −TWD 92.5m | TWD 46.3m | −TWD 229.2m | −TWD 320.9m | −TWD 121.5m | −TWD 218.4m |
| Net income | −TWD 448.6m | −TWD 467.1m | −TWD 682.8m | −TWD 453.6m | −TWD 89.9m | TWD 30.9m | −TWD 218.2m | −TWD 274.4m | −TWD 188.4m | −TWD 158.5m |
| Diluted earnings per share | -2.16 | -2.27 | -3.32 | -2.21 | -0.59 | 0.24 | -1.98 | -2.50 | -1.71 | -1.45 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 3.26bn | TWD 3.37bn | TWD 3.77bn | TWD 4.45bn | TWD 3.14bn | TWD 1.75bn | TWD 1.41bn | TWD 1.12bn | TWD 1.31bn | TWD 1.39bn |
| Cash and short-term investments | — | — | — | — | — | — | — | — | — | TWD 812.9m |
| Total liabilities | TWD 1.66bn | TWD 1.34bn | TWD 1.32bn | TWD 1.35bn | TWD 1.23bn | TWD 540.9m | TWD 306.0m | TWD 211.7m | TWD 168.9m | TWD 73.2m |
| Debt | TWD 433.7m | TWD 883.4m | TWD 726.3m | TWD 955.9m | TWD 744.6m | TWD 196.6m | TWD 46.8m | — | — | — |
| Shareholders' equity | TWD 1.60bn | TWD 2.02bn | TWD 2.45bn | TWD 3.11bn | TWD 1.91bn | TWD 1.21bn | TWD 1.10bn | TWD 907.0m | TWD 1.14bn | TWD 1.32bn |
| Shares outstanding | 207m | 206m | 206m | 205m | 153m | 128m | 110m | 110m | 110m | 110m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 27.2m | −TWD 191.7m | −TWD 131.2m | −TWD 150.2m | −TWD 146.2m | TWD 174.2m | −TWD 140.7m | −TWD 180.3m | −TWD 45.5m | −TWD 158.4m |
| Capital spending | −TWD 99.1m | −TWD 330.5m | −TWD 297.6m | −TWD 626.9m | −TWD 1.10bn | −TWD 260.2m | −TWD 177.9m | −TWD 118.5m | −TWD 91.5m | −TWD 110.0m |
| Free cash flow | −TWD 126.3m | −TWD 522.2m | −TWD 428.8m | −TWD 777.1m | −TWD 1.24bn | −TWD 86.0m | −TWD 318.7m | −TWD 298.7m | −TWD 137.1m | −TWD 268.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 203.1m | TWD 196.8m | TWD 284.6m | TWD 131.4m | TWD 202.6m | TWD 121.7m | TWD 194.0m | TWD 209.1m |
| Operating income | −TWD 76.9m | −TWD 111.5m | −TWD 47.2m | −TWD 119.9m | −TWD 133.7m | −TWD 122.7m | −TWD 91.7m | −TWD 137.5m |
| Net income | −TWD 82.6m | −TWD 117.0m | −TWD 52.4m | −TWD 129.9m | −TWD 137.2m | −TWD 129.1m | −TWD 83.3m | −TWD 146.6m |
| Diluted earnings per share | -0.40 | -0.56 | -0.25 | -0.63 | -0.66 | -0.62 | -0.40 | -0.71 |
| Cash from operations | TWD 111.0m | −TWD 26.0m | TWD 87.0m | −TWD 50.0m | −TWD 78.0m | TWD 14.0m | −TWD 55.0m | TWD 6.0m |
| Capital spending | −TWD 5.0m | −TWD 92.0m | −TWD 23.0m | −TWD 24.0m | — | −TWD 84.0m | −TWD 47.0m | −TWD 60.0m |
| Free cash flow | TWD 106.0m | −TWD 118.0m | TWD 64.0m | −TWD 74.0m | — | −TWD 70.0m | −TWD 102.0m | −TWD 54.0m |
| Total assets | TWD 3.28bn | TWD 3.34bn | TWD 3.26bn | TWD 3.33bn | TWD 3.21bn | TWD 3.34bn | TWD 3.37bn | TWD 3.48bn |
| Debt | TWD 335.4m | TWD 384.5m | TWD 433.7m | TWD 482.8m | TWD 531.9m | TWD 581.1m | TWD 611.4m | TWD 659.1m |
| Shareholders' equity | TWD 1.41bn | TWD 1.49bn | TWD 1.60bn | TWD 1.64bn | TWD 1.77bn | TWD 1.90bn | TWD 2.02bn | TWD 2.10bn |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -56.8% | -64.3% | -100.6% | -60.8% | -11.0% | 5.3% |
| Net margin | -60.6% | -68.3% | -104.6% | -61.9% | -11.6% | 4.7% |
| Return on equity | -28.1% | -23.1% | -27.9% | -14.6% | -4.7% | 2.6% |
| Return on assets | -13.8% | -13.9% | -18.1% | -10.2% | -2.9% | 1.8% |
| Free cash flow yield | — | 2.8% | 3.4% | 9.8% | 26.1% | 14.2% |
| Revenue growth | 8.2% | 4.8% | -10.9% | -5.4% | 16.4% | 70.2% |
| Earnings growth | -4.0% | -31.6% | 50.5% | 404.8% | -390.4% | -114.2% |
| Current ratio | 0.70x | 1.11x | 1.46x | 3.03x | 1.66x | 1.36x |
| Debt to equity | 0.27x | 0.30x | 0.22x | 0.21x | 0.25x | 0.00x |
| Equity ratio | 49.0% | 60.1% | 64.9% | 69.7% | 60.7% | 69.1% |
| Interest coverage | -12.49x | -14.70x | -24.10x | -23.18x | -33.73x | 40.92x |
| R&D as a share of sales | 10.3% | 11.4% | 11.6% | 19.7% | 12.4% | 7.0% |
| Buybacks as a share of market value | — | -0.2% | -0.2% | -33.9% | -19.6% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.4% | 2.2% | 18.6% |
| Operating income | -1.8% | — | 11.6% |
| Net income | -0.4% | — | 15.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -61.2% | -71.0% | -48.0% | -55.8% |
| Net margin | -64.3% | -73.1% | -49.7% | -55.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -14.6 | -19.1 | -10.8 | -17.0 | -64.7 | 133.4 | -11.7 | -10.3 | -15.4 | -23.5 |
| Price to sales | 8.8 | 13.1 | 11.3 | 10.5 | 7.5 | 6.2 | 6.5 | 13.4 | 9.1 | 18.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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