C 
70.40
+10.00%
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 38.0m
FY2019FY2025
Net income
−TWD 351.4m
FY2019FY2025
Free cash flow
−TWD 443.0m
FY2019FY2025
Shareholders' equity
TWD 299.9m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | TWD 38.0m | TWD 44.4m | TWD 38.9m | TWD 12.8m | TWD 12.3m | TWD 10.3m | TWD 18.6m |
| Research and development | TWD 649.5m | TWD 649.0m | TWD 503.4m | TWD 295.2m | TWD 180.4m | TWD 88.9m | TWD 109.0m |
| Operating income | −TWD 706.1m | −TWD 716.0m | −TWD 512.8m | −TWD 319.8m | −TWD 230.4m | −TWD 105.5m | −TWD 122.0m |
| Net income | −TWD 351.4m | −TWD 587.9m | −TWD 487.9m | −TWD 286.3m | −TWD 224.0m | −TWD 98.4m | −TWD 121.7m |
| Diluted earnings per share | -0.23 | -0.38 | -0.39 | -0.23 | -0.23 | -0.13 | -0.17 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | TWD 301.9m | TWD 9.77bn | TWD 3.83bn | TWD 1.23bn | TWD 712.0m | TWD 226.8m | TWD 170.2m |
| Cash and short-term investments | TWD 154.9m | TWD 9.67bn | TWD 3.71bn | TWD 1.11bn | TWD 594.1m | TWD 93.5m | TWD 21.7m |
| Total liabilities | TWD 2.0m | TWD 73.7m | TWD 85.6m | TWD 68.8m | TWD 68.2m | TWD 180.3m | TWD 179.5m |
| Debt | TWD 95,531 | TWD 11.9m | TWD 20.5m | TWD 28.7m | TWD 36.8m | TWD 130.8m | TWD 155.5m |
| Shareholders' equity | TWD 299.9m | TWD 9.70bn | TWD 3.74bn | TWD 1.16bn | TWD 643.8m | TWD 46.6m | −TWD 9.3m |
| Shares outstanding | 1,549m | 1,537m | 1,263m | 1,223m | 978m | 745m | 699m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 425.9m | −TWD 522.3m | −TWD 423.9m | −TWD 242.8m | −TWD 110.5m | −TWD 47.2m | −TWD 106.4m |
| Capital spending | −TWD 17.1m | −TWD 11.1m | −TWD 9.7m | −TWD 14.2m | −TWD 14.9m | −TWD 2.3m | −TWD 13.2m |
| Free cash flow | −TWD 443.0m | −TWD 533.4m | −TWD 433.6m | −TWD 256.9m | −TWD 125.4m | −TWD 49.5m | −TWD 119.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 3.6m | TWD 1,999 | TWD 12.4m | TWD 13.4m | TWD 12.2m | −TWD 43,713 | TWD 9.3m | TWD 23.3m |
| Operating income | −TWD 263.1m | −TWD 245.8m | −TWD 120.5m | −TWD 201.3m | −TWD 157.6m | −TWD 227.5m | −TWD 128.3m | −TWD 153.1m |
| Net income | −TWD 222.5m | −TWD 107.8m | TWD 80.1m | −TWD 7.7m | −TWD 247.5m | −TWD 175.6m | −TWD 56.0m | −TWD 4.0m |
| Diluted earnings per share | -0.14 | -0.07 | 0.05 | -0.00 | -0.16 | -0.11 | -0.04 | -0.00 |
| Cash from operations | −TWD 129.0m | −TWD 22.0m | −TWD 60.0m | −TWD 68.0m | −TWD 178.0m | −TWD 118.0m | −TWD 42.0m | −TWD 119.0m |
| Capital spending | −TWD 5.0m | −TWD 4.0m | −TWD 3.0m | −TWD 6.0m | −TWD 3.0m | −TWD 3.0m | — | −TWD 2.0m |
| Free cash flow | −TWD 134.0m | −TWD 26.0m | −TWD 63.0m | −TWD 74.0m | −TWD 181.0m | −TWD 121.0m | — | −TWD 121.0m |
| Total assets | TWD 9.43bn | TWD 9.54bn | TWD 301.9m | TWD 309.7m | TWD 9.50bn | TWD 9.66bn | TWD 9.77bn | TWD 9.80bn |
| Cash and short-term investments | TWD 4.05bn | TWD 4.89bn | TWD 154.9m | TWD 213.4m | TWD 9.40bn | TWD 9.55bn | TWD 9.67bn | TWD 9.69bn |
| Debt | TWD 9.6m | TWD 750,970 | TWD 95,531 | TWD 171,415 | TWD 7.5m | TWD 8.9m | TWD 8.9m | TWD 8.8m |
| Shareholders' equity | TWD 9.21bn | TWD 9.36bn | TWD 299.9m | TWD 307.1m | TWD 9.40bn | TWD 9.56bn | TWD 9.70bn | TWD 9.73bn |
Financial ratios
Data as of 4 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -1859.3% | -1614.0% | -1318.9% | -2493.2% | -1869.9% | -1020.3% |
| Net margin | -925.2% | -1325.2% | -1254.6% | -2232.1% | -1817.8% | -951.6% |
| Return on equity | -117.2% | -6.1% | -13.0% | -24.6% | -34.8% | -211.4% |
| Return on assets | -116.4% | -6.0% | -12.7% | -23.2% | -31.5% | -43.4% |
| Free cash flow yield | -0.3% | -0.4% | -0.4% | -0.2% | -0.1% | — |
| Revenue growth | -14.4% | 14.1% | 203.1% | 4.1% | 19.2% | -44.5% |
| Earnings growth | -40.2% | 20.5% | 70.4% | 27.8% | 127.7% | -19.2% |
| Current ratio | 109.71x | 184.02x | 50.81x | 23.41x | 15.26x | 1.72x |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.01x | 0.02x | 0.32x |
| Equity ratio | 99.3% | 99.2% | 97.8% | 94.4% | 90.4% | 20.5% |
| Interest coverage | -4534.35x | -2160.23x | -1031.09x | -478.49x | -79.38x | — |
| R&D as a share of sales | 1710.3% | 1463.1% | 1294.5% | 2301.2% | 1463.8% | 859.7% |
| Buybacks as a share of market value | -0.8% | -21.7% | -3.2% | -25.1% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 43.6% | 29.7% | — |
| Operating income | 30.2% | 46.3% | — |
| Net income | 7.1% | 29.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1727.1% | -1682.0% | -1653.1% | — |
| Net margin | -1140.7% | -1278.2% | -1299.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | -683.2 | -160.8 | -49.5 | -26.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-for-1 split · 21 Jul 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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