E 
23.85
+3.47%
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 898.3m
FY2016FY2025
Net income
−TWD 183.2m
FY2016FY2025
Free cash flow
−TWD 175.7m
FY2016FY2025
Shareholders' equity
TWD 804.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 898.3m | TWD 861.9m | TWD 771.6m | TWD 671.8m | TWD 1.34bn | TWD 1.44bn | TWD 1.54bn | TWD 1.69bn | TWD 1.72bn | TWD 1.54bn |
| Research and development | TWD 96.1m | TWD 83.6m | TWD 62.5m | TWD 42.3m | TWD 56.0m | TWD 57.3m | TWD 51.5m | TWD 39.4m | TWD 60.4m | TWD 66.0m |
| Operating income | −TWD 174.2m | −TWD 82.8m | −TWD 80.8m | −TWD 25.8m | −TWD 1.0m | TWD 46.8m | TWD 86.8m | TWD 282.1m | TWD 325.8m | TWD 215.5m |
| Net income | −TWD 183.2m | −TWD 98.7m | −TWD 91.0m | −TWD 33.8m | −TWD 15.6m | TWD 35.3m | TWD 71.0m | TWD 221.8m | TWD 279.7m | TWD 180.5m |
| Diluted earnings per share | -4.02 | -2.17 | -1.94 | -0.72 | -0.34 | 0.76 | 1.56 | 4.87 | 6.14 | 3.85 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 1.48bn | TWD 1.58bn | TWD 1.58bn | TWD 1.71bn | TWD 1.84bn | TWD 1.90bn | TWD 1.50bn | TWD 1.64bn | TWD 1.68bn | TWD 1.53bn |
| Cash and short-term investments | — | — | TWD 589.9m | TWD 1.11bn | TWD 1.10bn | TWD 1.15bn | — | — | — | TWD 768.6m |
| Total liabilities | TWD 679.8m | TWD 586.9m | TWD 472.9m | TWD 507.5m | TWD 608.9m | TWD 617.1m | TWD 244.1m | TWD 270.9m | TWD 339.4m | TWD 283.2m |
| Debt | TWD 110.0m | TWD 110.0m | TWD 377.4m | TWD 375.8m | TWD 397.2m | TWD 395.4m | — | — | — | TWD 50.0m |
| Shareholders' equity | TWD 804.2m | TWD 991.5m | TWD 1.10bn | TWD 1.21bn | TWD 1.23bn | TWD 1.28bn | TWD 1.25bn | TWD 1.37bn | TWD 1.34bn | TWD 1.25bn |
| Shares outstanding | 46m | 46m | 47m | 47m | 47m | 47m | 46m | 46m | 46m | 47m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 138.7m | −TWD 99.8m | −TWD 134.8m | TWD 5.5m | TWD 55.8m | TWD 520.8m | −TWD 169.7m | TWD 126.9m | TWD 349.5m | TWD 193.0m |
| Capital spending | −TWD 36.9m | −TWD 257.1m | −TWD 35.7m | −TWD 7.8m | −TWD 2.9m | −TWD 11.6m | −TWD 20.4m | −TWD 9.5m | −TWD 18.1m | −TWD 15.0m |
| Free cash flow | −TWD 175.7m | −TWD 356.9m | −TWD 170.4m | −TWD 2.3m | TWD 52.9m | TWD 509.2m | −TWD 190.1m | TWD 117.4m | TWD 331.4m | TWD 178.0m |
| Dividends paid | — | — | — | — | −TWD 46.7m | −TWD 46.7m | −TWD 186.7m | −TWD 186.7m | −TWD 186.7m | −TWD 116.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 232.5m | TWD 218.1m | TWD 279.2m | TWD 207.1m | TWD 202.0m | TWD 209.9m | TWD 240.7m | TWD 218.2m |
| Operating income | −TWD 57.9m | −TWD 52.3m | −TWD 35.9m | −TWD 51.1m | −TWD 48.7m | −TWD 38.2m | −TWD 15.0m | −TWD 17.4m |
| Net income | −TWD 57.5m | −TWD 54.7m | −TWD 39.3m | −TWD 55.1m | −TWD 47.9m | −TWD 40.9m | −TWD 21.8m | −TWD 22.3m |
| Diluted earnings per share | -1.26 | -1.20 | -0.86 | -1.19 | -1.05 | -0.90 | -0.48 | -0.49 |
| Cash from operations | −TWD 20.0m | −TWD 40.0m | −TWD 22.0m | — | TWD 3.0m | −TWD 54.0m | −TWD 40.0m | −TWD 40.0m |
| Capital spending | −TWD 3.0m | −TWD 1.0m | −TWD 1.0m | — | −TWD 14.0m | −TWD 12.0m | −TWD 32.0m | −TWD 20.0m |
| Free cash flow | −TWD 23.0m | −TWD 41.0m | −TWD 23.0m | — | −TWD 11.0m | −TWD 66.0m | −TWD 72.0m | −TWD 60.0m |
| Total assets | TWD 1.42bn | TWD 1.43bn | TWD 1.48bn | — | TWD 1.42bn | TWD 1.47bn | TWD 1.58bn | TWD 1.58bn |
| Debt | TWD 108.7m | TWD 110.0m | TWD 110.0m | — | TWD 110.0m | TWD 110.0m | TWD 110.0m | TWD 110.0m |
| Shareholders' equity | TWD 689.0m | TWD 745.8m | TWD 804.2m | — | TWD 896.8m | TWD 949.4m | TWD 991.5m | TWD 1.02bn |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -18.3% | -9.2% | -9.7% | -3.8% | -0.1% | 3.2% |
| Net margin | -20.4% | -11.5% | -11.8% | -5.0% | -1.2% | 2.4% |
| Return on equity | -22.8% | -10.0% | -8.2% | -2.8% | -1.3% | 2.8% |
| Return on assets | -12.3% | -6.3% | -5.8% | -2.0% | -0.9% | 1.9% |
| Free cash flow yield | — | 14.9% | -9.1% | 1.2% | 5.4% | 49.2% |
| Revenue growth | 4.2% | 11.7% | 14.9% | -49.8% | -7.3% | -6.3% |
| Earnings growth | 85.6% | 8.5% | 169.6% | 115.7% | -144.3% | -50.3% |
| Current ratio | 1.95x | 3.43x | 5.92x | 3.15x | 6.12x | 6.53x |
| Debt to equity | 0.14x | 0.11x | 0.07x | 0.28x | 0.28x | 0.25x |
| Equity ratio | 54.2% | 62.8% | 70.0% | 70.4% | 66.9% | 67.5% |
| Interest coverage | -21.19x | -9.89x | -11.72x | -5.82x | -0.22x | 22.10x |
| R&D as a share of sales | 10.7% | 9.7% | 8.1% | 6.3% | 4.2% | 4.0% |
| Buybacks as a share of market value | — | 2.8% | -0.3% | -0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.2% | -9.1% | -3.2% |
| Operating income | 89.0% | — | — |
| Net income | 75.7% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -14.6% | -11.3% | -5.3% | 5.6% |
| Net margin | -16.0% | -12.7% | -6.5% | 3.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.3 | -13.8 | -14.8 | -38.5 | -87.2 | 39.2 | 22.9 | 8.3 | 12.0 | 16.4 |
| Price to sales | 1.5 | 1.6 | 1.8 | 1.9 | 1.0 | 1.0 | 1.1 | 1.1 | 2.0 | 1.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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