27.00
+4.05%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 1.83bn
FY2016FY2025
Net income
−TWD 3.20bn
FY2016FY2025
Free cash flow
TWD 173.4m
FY2016FY2025
Shareholders' equity
TWD 3.64bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 1.83bn | TWD 4.52bn | TWD 8.26bn | TWD 9.01bn | TWD 6.16bn | TWD 4.62bn | TWD 4.44bn | TWD 3.83bn | TWD 6.64bn | TWD 7.75bn |
| Gross profit | −TWD 1.38bn | TWD 319.0m | TWD 1.27bn | TWD 676.5m | TWD 411.3m | TWD 488.9m | TWD 219.2m | −TWD 657.5m | −TWD 182.4m | TWD 471.0m |
| Research and development | TWD 65.5m | TWD 72.2m | TWD 68.1m | TWD 49.8m | TWD 44.6m | TWD 47.7m | TWD 50.4m | TWD 60.1m | TWD 91.1m | TWD 75.3m |
| Operating income | −TWD 2.88bn | −TWD 599.4m | TWD 521.5m | TWD 290.3m | TWD 135.3m | −TWD 210.0m | −TWD 76.3m | −TWD 1.26bn | −TWD 826.4m | TWD 130.0m |
| Net income | −TWD 3.20bn | −TWD 600.3m | TWD 527.3m | TWD 189.7m | TWD 46.3m | −TWD 284.9m | −TWD 200.4m | −TWD 1.16bn | −TWD 951.0m | TWD 12.9m |
| Diluted earnings per share | -6.24 | -1.17 | 1.03 | 0.41 | 0.10 | -0.73 | -0.59 | -3.44 | -3.26 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 6.63bn | TWD 10.32bn | TWD 12.07bn | TWD 11.31bn | TWD 10.23bn | TWD 9.42bn | TWD 7.85bn | TWD 8.30bn | TWD 10.27bn | TWD 9.30bn |
| Cash and short-term investments | TWD 663.5m | TWD 750.3m | TWD 1.33bn | TWD 962.7m | TWD 1.06bn | TWD 1.69bn | TWD 433.8m | TWD 195.2m | TWD 1.02bn | TWD 1.10bn |
| Total liabilities | TWD 2.98bn | TWD 3.49bn | TWD 4.42bn | TWD 5.16bn | TWD 5.10bn | TWD 4.64bn | TWD 4.62bn | TWD 5.34bn | TWD 5.96bn | TWD 4.63bn |
| Debt | TWD 2.23bn | TWD 2.87bn | TWD 3.31bn | TWD 3.72bn | TWD 3.16bn | TWD 3.72bn | TWD 3.86bn | TWD 4.14bn | TWD 4.89bn | TWD 3.60bn |
| Shareholders' equity | TWD 3.64bn | TWD 6.83bn | TWD 7.65bn | TWD 6.15bn | TWD 5.13bn | TWD 4.76bn | TWD 3.22bn | TWD 2.96bn | TWD 4.15bn | TWD 4.57bn |
| Shares outstanding | 513m | 513m | 513m | 466m | 481m | 388m | 337m | 336m | 292m | 299m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 311.2m | TWD 712.3m | TWD 1.37bn | TWD 172.8m | TWD 500.9m | −TWD 143.3m | TWD 426.6m | −TWD 110.6m | TWD 30.0m | TWD 426.7m |
| Capital spending | −TWD 137.8m | −TWD 651.0m | −TWD 1.20bn | −TWD 1.30bn | −TWD 932.0m | −TWD 429.8m | −TWD 225.9m | −TWD 1.13bn | −TWD 1.94bn | −TWD 1.99bn |
| Free cash flow | TWD 173.4m | TWD 61.2m | TWD 174.5m | −TWD 1.13bn | −TWD 431.1m | −TWD 573.2m | TWD 200.7m | −TWD 1.24bn | −TWD 1.91bn | −TWD 1.56bn |
| Dividends paid | — | −TWD 215.5m | −TWD 50.2m | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 269.5m | TWD 406.0m | TWD 374.2m | TWD 341.3m | TWD 369.5m | TWD 741.6m | TWD 751.3m | TWD 1.21bn |
| Gross profit | −TWD 148.9m | −TWD 24.7m | −TWD 811.2m | −TWD 336.7m | −TWD 175.1m | −TWD 30.8m | −TWD 39.6m | TWD 105.5m |
| Operating income | −TWD 222.0m | −TWD 80.2m | −TWD 967.7m | −TWD 531.8m | −TWD 251.6m | −TWD 100.3m | −TWD 660.7m | TWD 30.9m |
| Net income | −TWD 206.2m | −TWD 100.6m | −TWD 2.22bn | −TWD 620.2m | −TWD 237.7m | −TWD 118.2m | −TWD 670.8m | TWD 18.3m |
| Diluted earnings per share | -0.40 | -0.20 | -4.34 | -1.21 | -0.46 | -0.23 | -1.31 | 0.04 |
| Cash from operations | −TWD 139.0m | −TWD 96.0m | TWD 221.0m | TWD 57.0m | −TWD 178.0m | TWD 210.0m | TWD 217.0m | TWD 317.0m |
| Capital spending | −TWD 14.0m | −TWD 22.0m | −TWD 7.0m | −TWD 27.0m | −TWD 39.0m | −TWD 62.0m | −TWD 71.0m | −TWD 171.0m |
| Free cash flow | −TWD 153.0m | −TWD 118.0m | TWD 214.0m | TWD 30.0m | −TWD 217.0m | TWD 148.0m | TWD 146.0m | TWD 146.0m |
| Total assets | TWD 6.33bn | TWD 6.35bn | TWD 6.63bn | TWD 9.16bn | TWD 9.56bn | TWD 9.93bn | TWD 10.32bn | TWD 11.33bn |
| Cash and short-term investments | TWD 466.5m | TWD 490.5m | TWD 663.5m | TWD 826.1m | TWD 514.9m | TWD 696.5m | TWD 750.3m | TWD 734.0m |
| Debt | TWD 1.01bn | TWD 2.14bn | TWD 2.23bn | TWD 2.63bn | TWD 2.37bn | TWD 2.43bn | TWD 2.58bn | TWD 2.77bn |
| Shareholders' equity | TWD 3.33bn | TWD 3.54bn | TWD 3.64bn | TWD 5.86bn | TWD 6.48bn | TWD 6.71bn | TWD 6.83bn | TWD 7.50bn |
Financial ratios
Data as of 27 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | -75.4% | 7.1% | 15.4% | 7.5% | 6.7% | 10.6% |
| Operating margin | -157.8% | -13.3% | 6.3% | 3.2% | 2.2% | -4.5% |
| Net margin | -175.3% | -13.3% | 6.4% | 2.1% | 0.8% | -6.2% |
| Return on equity | -87.9% | -8.8% | 6.9% | 3.1% | 0.9% | -6.0% |
| Return on assets | -48.3% | -5.8% | 4.4% | 1.7% | 0.5% | -3.0% |
| Free cash flow yield | 3.1% | 9.4% | 17.7% | 11.2% | 10.5% | 2.6% |
| Revenue growth | -59.6% | -45.3% | -8.3% | 46.3% | 33.2% | 4.1% |
| Earnings growth | 433.0% | -213.8% | 178.0% | 309.5% | -116.3% | 42.1% |
| Current ratio | 1.29x | 2.47x | 2.13x | 1.38x | 1.41x | 1.64x |
| Debt to equity | 0.61x | 0.38x | 0.40x | 0.56x | 0.62x | 0.78x |
| Equity ratio | 54.9% | 66.2% | 63.4% | 54.4% | 50.1% | 50.5% |
| Interest coverage | -41.20x | -7.72x | 7.23x | 3.59x | 1.66x | -1.81x |
| R&D as a share of sales | 3.6% | 1.6% | 0.8% | 0.6% | 0.7% | 1.0% |
| Buybacks as a share of market value | 0.0% | 0.0% | -10.1% | 3.2% | -23.9% | -15.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -41.3% | -17.0% | -12.7% |
| Operating income | — | 68.8% | — |
| Net income | — | 62.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -16.7% | 3.8% | 5.2% | 3.5% |
| Operating margin | -54.9% | -11.3% | -8.0% | -7.1% |
| Net margin | -59.9% | -13.1% | -9.7% | -8.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.5 | -15.3 | 28.5 | 83.9 | 434.0 | -55.9 | -12.1 | -2.6 | -4.4 | 333.9 |
| Price to sales | 7.8 | 2.0 | 1.8 | 1.8 | 3.3 | 3.5 | 0.6 | 0.8 | 0.6 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 Aug 2024.
| FY2024 | FY2023 | |
|---|---|---|
| Paid in the year | 0.40 | 0.098 |
- 1000-to-658.516 reverse split · 1 Jul 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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