P
13.95
+1.82%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 40.6m
FY2016FY2025
Net income
−TWD 3.95bn
FY2016FY2025
Free cash flow
−TWD 3.19bn
FY2016FY2025
Shareholders' equity
TWD 5.30bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 40.6m | TWD 107.0m | TWD 7.5m | TWD 6.4m | TWD 15.0m | TWD 9.4m | — | — | — | — |
| Research and development | TWD 2.16bn | TWD 2.19bn | TWD 1.54bn | TWD 924.0m | TWD 554.3m | TWD 545.2m | TWD 633.1m | TWD 785.9m | TWD 615.9m | TWD 697.8m |
| Operating income | −TWD 2.88bn | −TWD 2.63bn | −TWD 1.85bn | −TWD 1.16bn | −TWD 731.9m | −TWD 678.0m | −TWD 793.4m | −TWD 1.01bn | −TWD 843.7m | −TWD 948.2m |
| Net income | −TWD 3.95bn | −TWD 2.50bn | −TWD 1.58bn | −TWD 1.15bn | −TWD 740.5m | −TWD 660.2m | −TWD 829.8m | −TWD 1.03bn | −TWD 898.5m | −TWD 982.5m |
| Diluted earnings per share | -5.12 | -3.33 | -2.12 | -1.55 | -1.09 | -1.01 | -2.46 | -3.58 | -3.60 | -4.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 8.17bn | TWD 9.09bn | TWD 9.10bn | TWD 9.22bn | TWD 7.82bn | TWD 3.36bn | TWD 4.11bn | TWD 1.98bn | TWD 2.22bn | TWD 1.97bn |
| Cash and short-term investments | TWD 2.74bn | TWD 3.12bn | TWD 4.95bn | TWD 7.38bn | TWD 6.33bn | TWD 1.85bn | TWD 2.62bn | TWD 394.9m | TWD 706.8m | TWD 357.8m |
| Total liabilities | TWD 2.87bn | TWD 2.32bn | TWD 1.46bn | TWD 545.2m | TWD 608.2m | TWD 480.9m | TWD 496.6m | TWD 1.34bn | TWD 1.22bn | TWD 1.73bn |
| Debt | TWD 2.35bn | TWD 1.88bn | TWD 1.20bn | TWD 382.6m | TWD 436.8m | TWD 325.6m | TWD 276.0m | TWD 1.08bn | TWD 1.01bn | TWD 1.51bn |
| Shareholders' equity | TWD 5.30bn | TWD 6.70bn | TWD 7.37bn | TWD 8.67bn | TWD 7.21bn | TWD 2.88bn | TWD 3.61bn | TWD 640.5m | TWD 1.00bn | TWD 207.3m |
| Shares outstanding | 770m | 751m | 743m | 742m | 680m | 653m | 337m | 289m | 249m | 237m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 2.39bn | −TWD 2.03bn | −TWD 1.26bn | −TWD 1.03bn | −TWD 539.3m | −TWD 585.7m | −TWD 747.8m | −TWD 778.7m | −TWD 708.1m | −TWD 782.5m |
| Capital spending | −TWD 795.3m | −TWD 1.66bn | −TWD 333.2m | −TWD 69.6m | −TWD 204.3m | −TWD 51.7m | −TWD 50.2m | −TWD 43.2m | −TWD 20.7m | −TWD 305.1m |
| Free cash flow | −TWD 3.19bn | −TWD 3.69bn | −TWD 1.59bn | −TWD 1.10bn | −TWD 743.6m | −TWD 637.4m | −TWD 798.0m | −TWD 821.9m | −TWD 728.8m | −TWD 1.09bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 7.1m | TWD 37.1m | TWD 6.0m | TWD 17.7m | TWD 8.4m | TWD 8.4m | TWD 36.2m | TWD 10.9m |
| Operating income | −TWD 527.0m | −TWD 556.4m | −TWD 731.9m | −TWD 728.1m | −TWD 877.4m | −TWD 686.7m | −TWD 847.4m | −TWD 731.4m |
| Net income | −TWD 847.4m | −TWD 553.8m | −TWD 1.70bn | −TWD 686.0m | −TWD 893.7m | −TWD 665.8m | −TWD 843.9m | −TWD 717.6m |
| Diluted earnings per share | -0.97 | -0.63 | -2.21 | -0.89 | -1.16 | -0.86 | -1.12 | -0.96 |
| Cash from operations | −TWD 393.0m | −TWD 522.0m | −TWD 592.0m | −TWD 596.0m | −TWD 592.0m | −TWD 612.0m | −TWD 619.0m | −TWD 490.0m |
| Capital spending | −TWD 8.0m | −TWD 122.0m | −TWD 164.0m | −TWD 286.0m | −TWD 179.0m | −TWD 164.0m | −TWD 311.0m | −TWD 282.0m |
| Free cash flow | −TWD 401.0m | −TWD 644.0m | −TWD 756.0m | −TWD 882.0m | −TWD 771.0m | −TWD 776.0m | −TWD 930.0m | −TWD 772.0m |
| Total assets | TWD 7.38bn | TWD 7.63bn | TWD 8.17bn | TWD 8.18bn | TWD 8.18bn | TWD 9.01bn | TWD 9.09bn | TWD 8.30bn |
| Cash and short-term investments | TWD 2.30bn | TWD 2.10bn | TWD 2.74bn | TWD 2.07bn | TWD 2.44bn | TWD 2.83bn | TWD 3.12bn | TWD 2.60bn |
| Debt | TWD 81.2m | TWD 2.21bn | TWD 2.20bn | TWD 3.38bn | TWD 2.77bn | TWD 2.17bn | TWD 1.70bn | TWD 1.54bn |
| Shareholders' equity | TWD 4.54bn | TWD 4.80bn | TWD 5.30bn | TWD 4.19bn | TWD 4.70bn | TWD 6.14bn | TWD 6.70bn | TWD 6.08bn |
Financial ratios
Data as of 27 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -7089.8% | -2462.4% | -24689.8% | -17977.1% | -4866.1% | -7205.1% |
| Net margin | -9716.5% | -2338.9% | -21076.0% | -17866.6% | -4923.1% | -7016.2% |
| Return on equity | -74.5% | -37.4% | -21.4% | -13.3% | -10.3% | -22.9% |
| Return on assets | -48.3% | -27.5% | -17.3% | -12.5% | -9.5% | -19.6% |
| Free cash flow yield | -10.9% | -2.5% | -6.5% | -6.8% | — | — |
| Revenue growth | -62.1% | 1330.3% | 16.2% | -57.2% | 59.8% | — |
| Earnings growth | 57.6% | 58.7% | 37.1% | 55.4% | 12.2% | -20.4% |
| Current ratio | 5.15x | 7.09x | 5.32x | 30.06x | 14.54x | 6.76x |
| Debt to equity | 0.41x | 0.25x | 0.15x | 0.02x | 0.06x | 0.10x |
| Equity ratio | 64.8% | 73.7% | 81.0% | 94.1% | 92.2% | 85.7% |
| Interest coverage | -28.97x | -46.17x | -56.68x | -104.75x | -49.88x | -131.52x |
| R&D as a share of sales | 5317.2% | 2049.0% | 20541.4% | 14349.6% | 3685.2% | 5794.1% |
| Buybacks as a share of market value | -2.6% | -1.0% | -0.2% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 84.7% | 34.0% | — |
| Operating income | 35.5% | 33.5% | — |
| Net income | 50.8% | 43.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -11.7 | -26.4 | -68.6 | -110.1 | -129.2 | -31.0 | -14.7 | -15.2 | -29.8 | -18.3 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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