L 
44.50
+4.95%
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 973.9m
FY2016FY2025
Net income
−TWD 184.0m
FY2016FY2025
Free cash flow
−TWD 110.8m
FY2016FY2025
Shareholders' equity
TWD 1.16bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 973.9m | TWD 1.05bn | TWD 1.09bn | TWD 1.38bn | TWD 1.66bn | TWD 1.06bn | TWD 1.37bn | TWD 1.83bn | TWD 1.61bn | TWD 1.47bn |
| Gross profit | TWD 31.1m | TWD 53.6m | TWD 81.4m | TWD 42.0m | TWD 42.7m | −TWD 26.5m | TWD 48.3m | TWD 132.2m | TWD 105.6m | TWD 141.3m |
| Research and development | TWD 19.3m | TWD 23.1m | TWD 16.2m | TWD 16.6m | TWD 18.0m | TWD 13.0m | TWD 18.4m | TWD 16.9m | TWD 16.0m | TWD 17.5m |
| Operating income | −TWD 156.0m | −TWD 132.8m | TWD 125.5m | TWD 404.0m | TWD 345.5m | −TWD 193.6m | TWD 8.5m | TWD 57.6m | TWD 37.4m | TWD 59.6m |
| Net income | −TWD 184.0m | TWD 123.6m | TWD 57.0m | TWD 287.6m | TWD 341.9m | −TWD 164.6m | −TWD 13.0m | TWD 204.6m | −TWD 141.0m | TWD 31.6m |
| Diluted earnings per share | -2.61 | 1.76 | 0.80 | 4.05 | 4.81 | -2.32 | -0.19 | 2.91 | -2.00 | 0.45 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 4.18bn | TWD 4.20bn | TWD 5.10bn | TWD 5.55bn | TWD 4.84bn | TWD 3.47bn | TWD 3.22bn | TWD 3.59bn | TWD 3.53bn | TWD 3.31bn |
| Cash and short-term investments | — | — | TWD 1.54bn | TWD 1.44bn | TWD 1.32bn | TWD 1.46bn | — | — | — | TWD 2.03bn |
| Total liabilities | TWD 3.02bn | TWD 2.78bn | TWD 3.76bn | TWD 4.11bn | TWD 3.55bn | TWD 2.53bn | TWD 2.08bn | TWD 2.36bn | TWD 2.51bn | TWD 2.12bn |
| Debt | TWD 770.1m | TWD 796.5m | TWD 3.42bn | TWD 3.76bn | TWD 3.23bn | TWD 1.96bn | TWD 180.0m | TWD 330.0m | TWD 230.0m | TWD 1.51bn |
| Shareholders' equity | TWD 1.16bn | TWD 1.41bn | TWD 1.35bn | TWD 1.43bn | TWD 1.28bn | TWD 940.5m | TWD 1.14bn | TWD 1.23bn | TWD 1.02bn | TWD 1.18bn |
| Shares outstanding | 70m | 70m | 71m | 71m | 71m | 71m | 70m | 70m | 70m | 71m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 96.0m | TWD 217.8m | TWD 732.6m | TWD 85.9m | −TWD 1.11bn | −TWD 321.7m | TWD 631.2m | TWD 245.4m | −TWD 693.6m | TWD 193.9m |
| Capital spending | −TWD 14.7m | −TWD 29.5m | −TWD 266.0m | −TWD 199.3m | −TWD 239.7m | −TWD 118.0m | −TWD 73.9m | −TWD 21.7m | −TWD 4.7m | −TWD 19.5m |
| Free cash flow | −TWD 110.8m | TWD 188.4m | TWD 466.6m | −TWD 113.4m | −TWD 1.35bn | −TWD 439.7m | TWD 557.3m | TWD 223.6m | −TWD 698.3m | TWD 174.4m |
| Dividends paid | −TWD 71.1m | −TWD 56.9m | −TWD 142.1m | −TWD 142.1m | −TWD 142.1m | −TWD 35.5m | −TWD 71.1m | −TWD 71.1m | −TWD 28.4m | −TWD 106.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 326.5m | TWD 290.8m | TWD 269.4m | TWD 230.9m | TWD 230.5m | TWD 243.1m | TWD 228.0m | TWD 298.2m |
| Gross profit | TWD 27.0m | TWD 12.7m | TWD 11.4m | −TWD 13.1m | TWD 6.3m | TWD 26.4m | TWD 27.5m | −TWD 802,000 |
| Operating income | −TWD 24.1m | −TWD 31.6m | −TWD 41.1m | −TWD 55.6m | −TWD 42.8m | −TWD 16.5m | −TWD 20.7m | −TWD 43.9m |
| Net income | −TWD 26.0m | TWD 11.2m | TWD 34.5m | TWD 13.8m | −TWD 253.5m | TWD 21.3m | TWD 54.1m | −TWD 68.3m |
| Diluted earnings per share | -0.37 | 0.16 | 0.49 | 0.20 | -3.60 | 0.30 | 0.77 | -0.97 |
| Cash from operations | −TWD 23.0m | −TWD 22.0m | TWD 56.0m | TWD 61.0m | −TWD 242.0m | TWD 28.0m | TWD 71.0m | −TWD 672.0m |
| Capital spending | −TWD 20.0m | −TWD 3.0m | −TWD 2.0m | −TWD 7.0m | −TWD 3.0m | — | −TWD 7.0m | −TWD 2.0m |
| Free cash flow | −TWD 43.0m | −TWD 25.0m | TWD 54.0m | TWD 54.0m | −TWD 245.0m | — | TWD 64.0m | −TWD 674.0m |
| Total assets | TWD 4.15bn | TWD 4.05bn | TWD 4.18bn | TWD 4.39bn | TWD 4.15bn | TWD 4.23bn | TWD 4.20bn | TWD 4.31bn |
| Debt | TWD 1.05bn | TWD 736.0m | TWD 770.1m | TWD 797.2m | TWD 821.5m | TWD 795.1m | TWD 796.5m | TWD 751.9m |
| Shareholders' equity | TWD 1.32bn | TWD 1.17bn | TWD 1.16bn | TWD 1.12bn | TWD 1.11bn | TWD 1.43bn | TWD 1.41bn | TWD 1.36bn |
Financial ratios
Data as of 31 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 3.2% | 5.1% | 7.5% | 3.0% | 2.6% | -2.5% |
| Operating margin | -14.8% | 21.4% | 11.5% | 29.3% | 20.8% | -18.2% |
| Net margin | -18.9% | 11.7% | 5.2% | 20.8% | 20.6% | -15.5% |
| Return on equity | -15.9% | 8.7% | 4.2% | 20.1% | 26.7% | -17.5% |
| Return on assets | -4.4% | 2.9% | 1.1% | 5.2% | 7.1% | -4.7% |
| Free cash flow yield | — | 6.2% | 24.7% | 7.1% | -21.5% | -5.0% |
| Revenue growth | -7.4% | -3.5% | -21.0% | -17.0% | 56.5% | -22.3% |
| Earnings growth | -248.9% | 116.7% | -80.2% | -15.9% | -307.7% | 1164.1% |
| Current ratio | 0.98x | 1.12x | 1.03x | 1.09x | 1.16x | 1.18x |
| Debt to equity | 0.67x | 0.56x | 2.54x | 2.63x | 2.52x | 2.08x |
| Equity ratio | 27.7% | 33.7% | 26.4% | 25.8% | 26.5% | 27.1% |
| Interest coverage | -2.53x | 3.91x | 1.73x | 11.58x | 18.20x | -11.08x |
| R&D as a share of sales | 2.0% | 2.2% | 1.5% | 1.2% | 1.1% | 1.2% |
| Buybacks as a share of market value | — | 1.1% | -0.2% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.0% | -1.7% | -3.2% |
| Operating income | — | -4.2% | — |
| Net income | — | 2.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 4.2% | 4.6% | 3.1% | 5.1% |
| Operating margin | -14.3% | 5.4% | 5.4% | 3.8% |
| Net margin | -3.0% | 6.3% | 6.4% | 4.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.3 | 13.5 | 38.6 | 6.5 | 5.3 | -5.7 | -81.1 | 5.8 | -6.3 | 34.0 |
| Price to sales | 1.8 | 1.6 | 2.0 | 1.4 | 1.1 | 0.9 | 0.8 | 0.6 | 0.6 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 28 Aug 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Paid in the year | 1.00 | 0.80 | 2.00 | 2.00 |
- 115-for-100 split · 18 Aug 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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