F 
First Hi-tec Enterprise Co 5439.TWO · TWD
Information Technology · Taipei Exchange · 🇹🇼 Taiwan
178.50
+9.51%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 9.64bn
FY2016FY2025
Net income
TWD 1.28bn
FY2016FY2025
Free cash flow
−TWD 999.9m
FY2016FY2025
Shareholders' equity
TWD 3.95bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 9.64bn | TWD 4.18bn | TWD 4.35bn | TWD 3.22bn | TWD 3.37bn | TWD 2.49bn | TWD 2.19bn | TWD 2.30bn | TWD 2.07bn | TWD 1.98bn |
| Gross profit | TWD 2.18bn | TWD 642.2m | TWD 832.4m | TWD 579.7m | TWD 724.6m | TWD 546.3m | TWD 427.4m | TWD 478.1m | TWD 378.3m | TWD 354.8m |
| Research and development | — | — | TWD 44.3m | TWD 38.7m | TWD 48.4m | TWD 18.5m | TWD 17.2m | TWD 25.0m | TWD 22.9m | TWD 23.3m |
| Operating income | TWD 1.62bn | TWD 405.2m | TWD 594.3m | TWD 458.6m | TWD 510.8m | TWD 368.6m | TWD 284.0m | TWD 326.5m | TWD 247.1m | TWD 230.7m |
| Net income | TWD 1.28bn | TWD 326.8m | TWD 471.3m | TWD 370.2m | TWD 407.0m | TWD 294.9m | TWD 221.4m | TWD 292.8m | TWD 193.8m | TWD 198.9m |
| Diluted earnings per share | 13.74 | 3.51 | 5.07 | 3.94 | 4.60 | 3.37 | 2.53 | 3.36 | 2.23 | 2.51 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 10.88bn | TWD 5.04bn | TWD 4.31bn | TWD 3.82bn | TWD 3.74bn | TWD 2.67bn | TWD 2.35bn | TWD 2.32bn | TWD 2.22bn | TWD 1.96bn |
| Cash and short-term investments | — | — | TWD 551.3m | TWD 467.9m | TWD 293.4m | TWD 473.1m | TWD 427.7m | TWD 413.7m | TWD 405.9m | TWD 340.3m |
| Total liabilities | TWD 6.93bn | TWD 2.60bn | TWD 1.81bn | TWD 1.46bn | TWD 1.41bn | TWD 910.1m | TWD 703.2m | TWD 644.8m | TWD 665.6m | TWD 661.7m |
| Debt | TWD 2.49bn | TWD 945.5m | TWD 508.2m | TWD 350.1m | TWD 344.4m | TWD 98.3m | TWD 74.8m | TWD 27.5m | TWD 106.5m | TWD 45.4m |
| Shareholders' equity | TWD 3.95bn | TWD 2.44bn | TWD 2.51bn | TWD 2.36bn | TWD 2.33bn | TWD 1.76bn | TWD 1.65bn | TWD 1.68bn | TWD 1.55bn | TWD 1.29bn |
| Shares outstanding | 93m | 93m | 93m | 94m | 89m | 87m | 88m | 87m | 87m | 79m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 515.4m | TWD 289.4m | TWD 431.4m | TWD 660.9m | TWD 14.6m | TWD 370.1m | TWD 373.7m | TWD 376.0m | TWD 216.8m | TWD 261.9m |
| Capital spending | −TWD 1.52bn | −TWD 445.6m | −TWD 183.0m | −TWD 158.3m | −TWD 454.9m | −TWD 140.4m | −TWD 162.6m | −TWD 113.5m | −TWD 280.7m | −TWD 102.8m |
| Free cash flow | −TWD 999.9m | −TWD 156.2m | TWD 248.4m | TWD 502.6m | −TWD 440.4m | TWD 229.7m | TWD 211.1m | TWD 262.5m | −TWD 63.9m | TWD 159.1m |
| Dividends paid | −TWD 204.5m | −TWD 381.2m | −TWD 306.8m | −TWD 334.7m | −TWD 214.9m | −TWD 197.7m | −TWD 240.7m | −TWD 172.0m | −TWD 156.0m | −TWD 117.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 3.05bn | TWD 2.54bn | TWD 2.77bn | TWD 3.16bn | TWD 2.29bn | TWD 1.42bn | TWD 1.19bn | TWD 1.06bn |
| Gross profit | TWD 685.8m | TWD 515.9m | TWD 658.2m | TWD 793.0m | TWD 431.9m | TWD 294.9m | TWD 186.1m | TWD 148.0m |
| Operating income | TWD 511.3m | TWD 416.8m | TWD 464.1m | TWD 622.4m | TWD 331.4m | TWD 225.4m | TWD 124.3m | TWD 88.9m |
| Net income | TWD 431.4m | TWD 326.5m | TWD 392.4m | TWD 531.2m | TWD 173.8m | TWD 180.0m | TWD 94.6m | TWD 41.7m |
| Diluted earnings per share | 4.64 | 3.51 | 4.22 | 5.71 | 1.87 | 1.94 | 1.02 | 0.45 |
| Cash from operations | TWD 70.0m | TWD 759.0m | TWD 611.0m | TWD 231.0m | −TWD 294.0m | −TWD 32.0m | −TWD 24.0m | TWD 83.0m |
| Capital spending | −TWD 133.0m | −TWD 456.0m | −TWD 266.0m | −TWD 263.0m | −TWD 638.0m | −TWD 346.0m | −TWD 82.0m | −TWD 154.0m |
| Free cash flow | −TWD 63.0m | TWD 303.0m | TWD 345.0m | −TWD 32.0m | −TWD 932.0m | −TWD 378.0m | −TWD 106.0m | −TWD 71.0m |
| Total assets | TWD 12.48bn | TWD 11.14bn | TWD 10.88bn | TWD 11.33bn | TWD 8.13bn | TWD 6.41bn | TWD 5.04bn | TWD 4.56bn |
| Debt | TWD 2.89bn | TWD 2.48bn | TWD 2.49bn | TWD 2.48bn | TWD 644.6m | TWD 132.5m | TWD 142.3m | TWD 152.1m |
| Shareholders' equity | TWD 4.03bn | TWD 4.27bn | TWD 3.95bn | TWD 3.56bn | TWD 2.59bn | TWD 2.62bn | TWD 2.44bn | TWD 2.36bn |
Financial ratios
Data as of 22 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 22.6% | 15.4% | 19.1% | 18.0% | 21.5% | 21.9% | — | — |
| Operating margin | 16.8% | 9.7% | 13.7% | 14.2% | 15.1% | 14.8% | — | — |
| Net margin | 13.2% | 7.8% | 10.8% | 11.5% | 12.1% | 11.8% | — | — |
| Return on equity | 32.4% | 13.4% | 18.8% | 15.7% | 17.5% | 16.8% | — | — |
| Return on assets | 11.7% | 6.5% | 10.9% | 9.7% | 10.9% | 11.1% | — | — |
| Free cash flow yield | — | 3.1% | 2.6% | 3.5% | 2.1% | 2.3% | 2.4% | — |
| Revenue growth | 130.8% | -4.0% | 34.9% | -4.4% | 35.2% | 13.7% | — | — |
| Earnings growth | 290.9% | -30.7% | 27.3% | -9.0% | 38.0% | 33.2% | — | — |
| Current ratio | 1.84x | 1.43x | 1.78x | 1.91x | 1.90x | 1.98x | — | — |
| Debt to equity | 0.63x | 0.06x | 0.15x | 0.09x | 0.08x | 0.05x | — | — |
| Equity ratio | 36.3% | 48.4% | 58.1% | 61.8% | 62.3% | 65.9% | — | — |
| Interest coverage | 34.19x | 36.68x | 77.52x | 88.36x | 147.43x | 324.72x | — | — |
| R&D as a share of sales | — | — | 1.0% | 1.2% | 1.4% | 0.7% | 0.8% | 1.1% |
| Buybacks as a share of market value | — | -0.2% | 1.0% | -6.0% | -1.3% | 0.2% | -0.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 44.1% | 31.1% | 18.0% |
| Operating income | 52.4% | 34.5% | 26.6% |
| Net income | 51.1% | 34.1% | 26.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 20.4% | 19.8% | 20.2% | 19.8% |
| Operating margin | 14.7% | 14.4% | 14.5% | 13.8% |
| Net margin | 11.6% | 11.4% | 11.5% | 11.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 23.1 | 31.9 | 24.2 | 11.9 | 13.3 | 15.4 | 16.0 | 11.2 | 13.6 | 10.9 |
| Price to sales | 3.1 | 2.5 | 2.6 | 1.4 | 1.6 | 1.8 | 1.6 | 1.4 | 1.3 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 22 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Paid in the year | 7.20 | 2.20 | 4.10 | 3.30 | 3.60 |
- 1.03-for-1 split · 30 Jul 2012
- 102-for-100 split · 30 Jul 2009
- 102-for-100 split · 14 Aug 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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