13.00
+1.56%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 89.3m
FY2016FY2025
Net income
−TWD 214.5m
FY2016FY2025
Free cash flow
−TWD 511.8m
FY2016FY2025
Shareholders' equity
TWD 1.55bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 89.3m | TWD 367.7m | TWD 2.15bn | TWD 2.22bn | TWD 1.58bn | TWD 2.19bn | TWD 2.33bn | TWD 2.73bn | TWD 5.97bn | TWD 7.34bn |
| Gross profit | −TWD 131.1m | −TWD 138.9m | TWD 250.9m | TWD 159.9m | −TWD 235.1m | TWD 225.5m | −TWD 119.6m | −TWD 801.8m | −TWD 175.9m | TWD 125.8m |
| Research and development | TWD 126.8m | TWD 175.5m | TWD 192.9m | TWD 156.9m | TWD 76.0m | TWD 39.2m | TWD 19.6m | TWD 47.4m | TWD 65.7m | TWD 87.0m |
| Operating income | −TWD 440.0m | −TWD 745.5m | −TWD 285.8m | −TWD 28.6m | −TWD 843.0m | TWD 56.3m | −TWD 489.3m | −TWD 1.73bn | −TWD 913.9m | −TWD 300.0m |
| Net income | −TWD 214.5m | −TWD 466.5m | −TWD 28.6m | −TWD 36.7m | −TWD 926.6m | −TWD 5.3m | −TWD 484.0m | −TWD 1.84bn | −TWD 951.8m | −TWD 294.0m |
| Diluted earnings per share | -0.94 | -2.07 | -0.13 | -0.16 | -4.08 | -0.03 | -2.39 | -9.11 | -4.98 | -1.46 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 2.41bn | TWD 2.53bn | TWD 3.04bn | TWD 3.40bn | TWD 4.03bn | TWD 3.94bn | TWD 4.17bn | TWD 5.04bn | TWD 7.31bn | TWD 7.64bn |
| Cash and short-term investments | TWD 568.5m | TWD 678.9m | TWD 948.5m | TWD 1.02bn | TWD 915.6m | TWD 792.5m | TWD 621.7m | TWD 674.7m | TWD 967.0m | TWD 937.4m |
| Total liabilities | TWD 709.3m | TWD 836.8m | TWD 747.8m | TWD 896.0m | TWD 2.22bn | TWD 2.16bn | TWD 2.37bn | TWD 2.72bn | TWD 3.06bn | TWD 2.33bn |
| Debt | TWD 264.7m | TWD 222.8m | TWD 366.1m | TWD 355.0m | TWD 744.5m | TWD 850.3m | TWD 1.17bn | TWD 1.94bn | TWD 1.73bn | TWD 1.17bn |
| Shareholders' equity | TWD 1.55bn | TWD 1.68bn | TWD 2.11bn | TWD 2.17bn | TWD 1.69bn | TWD 1.78bn | TWD 1.80bn | TWD 2.33bn | TWD 4.25bn | TWD 5.31bn |
| Shares outstanding | 228m | 225m | 225m | 225m | 227m | 197m | 202m | 203m | 191m | 202m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 278.3m | −TWD 243.7m | TWD 450.8m | TWD 171.8m | −TWD 837.5m | TWD 484.3m | TWD 415.7m | −TWD 312.6m | TWD 194.3m | TWD 224.7m |
| Capital spending | −TWD 233.4m | −TWD 251.7m | −TWD 183.0m | −TWD 206.9m | −TWD 873.1m | −TWD 488.6m | −TWD 293.8m | −TWD 153.4m | −TWD 502.4m | −TWD 1.02bn |
| Free cash flow | −TWD 511.8m | −TWD 495.4m | TWD 267.8m | −TWD 35.0m | −TWD 1.71bn | −TWD 4.3m | TWD 121.9m | −TWD 466.0m | −TWD 308.0m | −TWD 790.6m |
| Dividends paid | — | — | — | — | — | — | — | — | — | −TWD 189.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 52.9m | TWD 38.4m | TWD 25.7m | TWD 28.1m | TWD 19.1m | TWD 16.5m | TWD 25.1m | TWD 73.9m |
| Gross profit | −TWD 25.2m | −TWD 35.0m | −TWD 40.2m | −TWD 29.5m | −TWD 35.5m | −TWD 25.9m | −TWD 50.9m | −TWD 33.7m |
| Operating income | −TWD 98.3m | −TWD 93.6m | −TWD 117.4m | −TWD 97.4m | −TWD 96.4m | −TWD 97.0m | −TWD 378.8m | −TWD 131.8m |
| Net income | −TWD 37.2m | −TWD 46.0m | −TWD 63.9m | −TWD 38.1m | −TWD 51.7m | −TWD 60.8m | −TWD 286.9m | −TWD 87.6m |
| Diluted earnings per share | -0.17 | -0.20 | -0.28 | -0.17 | -0.23 | -0.27 | -1.28 | -0.39 |
| Cash from operations | −TWD 81.0m | −TWD 41.0m | −TWD 104.0m | −TWD 60.0m | −TWD 51.0m | −TWD 61.0m | TWD 96.0m | −TWD 387.0m |
| Capital spending | −TWD 3.0m | −TWD 20.0m | −TWD 27.0m | −TWD 22.0m | −TWD 169.0m | −TWD 14.0m | −TWD 158.0m | −TWD 5.0m |
| Free cash flow | −TWD 84.0m | −TWD 61.0m | −TWD 131.0m | −TWD 82.0m | −TWD 220.0m | −TWD 75.0m | −TWD 62.0m | −TWD 392.0m |
| Total assets | TWD 2.94bn | TWD 2.33bn | TWD 2.41bn | TWD 2.39bn | TWD 2.50bn | TWD 2.80bn | TWD 2.53bn | TWD 2.94bn |
| Cash and short-term investments | TWD 1.11bn | TWD 499.9m | TWD 568.5m | TWD 574.3m | TWD 699.7m | TWD 903.8m | TWD 678.9m | TWD 754.4m |
| Debt | TWD 145.3m | TWD 153.5m | TWD 161.7m | TWD 148.0m | TWD 131.5m | TWD 170.5m | TWD 219.0m | TWD 184.7m |
| Shareholders' equity | TWD 1.71bn | TWD 1.53bn | TWD 1.55bn | TWD 1.55bn | TWD 1.55bn | TWD 1.71bn | TWD 1.68bn | TWD 1.98bn |
Financial ratios
Data as of 21 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | -146.7% | -37.8% | 11.7% | 7.2% | -14.8% | 10.3% |
| Operating margin | -413.5% | -168.5% | -8.0% | -0.6% | -55.0% | 2.6% |
| Net margin | -240.1% | -126.9% | -1.3% | -1.7% | -58.5% | -0.2% |
| Return on equity | -13.8% | -27.8% | -1.4% | -1.7% | -54.7% | -0.3% |
| Return on assets | -8.9% | -18.4% | -0.9% | -1.1% | -23.0% | -0.1% |
| Free cash flow yield | -8.1% | -7.2% | 13.3% | 5.1% | -24.4% | 16.3% |
| Revenue growth | -75.7% | -82.9% | -3.4% | 40.3% | -27.8% | -5.8% |
| Earnings growth | -54.0% | 1532.5% | -22.2% | -96.0% | 17251.3% | -98.9% |
| Current ratio | 2.11x | 1.76x | 2.81x | 2.70x | 1.19x | 0.92x |
| Debt to equity | 0.10x | 0.13x | 0.16x | 0.14x | 0.48x | 0.41x |
| Equity ratio | 64.6% | 66.4% | 69.5% | 63.9% | 42.0% | 45.0% |
| Interest coverage | -18.06x | -61.70x | -18.60x | -0.60x | -28.80x | 1.96x |
| R&D as a share of sales | 141.9% | 47.7% | 9.0% | 7.1% | 4.8% | 1.8% |
| Buybacks as a share of market value | -1.2% | 0.0% | 0.0% | 0.9% | -15.0% | 2.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -65.7% | -47.3% | -36.1% |
| Operating income | 148.7% | — | — |
| Net income | 80.1% | 109.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -59.1% | 2.9% | 1.5% | -0.6% |
| Operating margin | -259.4% | -31.1% | -26.6% | -15.6% |
| Net margin | -149.0% | -15.5% | -19.5% | -14.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -14.7 | -6.5 | -215.3 | -170.3 | -9.7 | -1074.2 | -4.8 | -1.0 | -4.6 | -17.5 |
| Price to sales | 35.3 | 8.3 | 2.9 | 2.8 | 5.7 | 2.6 | 1.0 | 0.7 | 0.7 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Jul 2016.
| FY2016 | FY2015 | FY2014 | FY2011 | |
|---|---|---|---|---|
| Paid in the year | 0.95 | 0.779 | 0.894 | 0.737 |
- 1000-to-560.939 reverse split · 20 Jan 2020
- 1.09-for-1 split · 12 Oct 2011
- 11-for-10 split · 2 Jun 2010
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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