P 
40.05
+6.66%
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 31.4m
FY2021FY2025
Net income
−TWD 423.9m
FY2021FY2025
Free cash flow
−TWD 508.9m
FY2021FY2025
Shareholders' equity
TWD 1.42bn
FY2021FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | TWD 31.4m | TWD 19.6m | TWD 18.0m | TWD 17.2m | TWD 14.0m |
| Research and development | TWD 252.7m | TWD 266.2m | TWD 239.6m | TWD 142.4m | TWD 136.7m |
| Operating income | −TWD 467.4m | −TWD 413.5m | −TWD 411.2m | −TWD 236.1m | −TWD 196.0m |
| Net income | −TWD 423.9m | −TWD 389.4m | −TWD 398.8m | −TWD 230.1m | −TWD 189.0m |
| Diluted earnings per share | -7.20 | -6.74 | -7.79 | -5.21 | -5.68 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Total assets | TWD 2.11bn | TWD 1.74bn | TWD 1.42bn | TWD 1.04bn | TWD 393.9m |
| Cash and short-term investments | TWD 1.31bn | TWD 1.14bn | TWD 1.11bn | TWD 708.4m | TWD 115.8m |
| Total liabilities | TWD 418.3m | TWD 458.6m | TWD 236.8m | TWD 229.8m | TWD 169.0m |
| Debt | TWD 128.1m | TWD 365.0m | TWD 173.0m | TWD 202.6m | TWD 135.6m |
| Shareholders' equity | TWD 1.42bn | TWD 1.18bn | TWD 1.17bn | TWD 800.9m | TWD 224.9m |
| Shares outstanding | 59m | 58m | 51m | 44m | 33m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash from operations | −TWD 281.3m | −TWD 260.1m | −TWD 180.0m | −TWD 155.7m | −TWD 108.5m |
| Capital spending | −TWD 227.6m | −TWD 264.0m | −TWD 16.5m | −TWD 8.5m | −TWD 14.5m |
| Free cash flow | −TWD 508.9m | −TWD 524.1m | −TWD 196.5m | −TWD 164.2m | −TWD 123.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 8.9m | TWD 6.4m | TWD 6.1m | TWD 7.5m | TWD 5.9m | TWD 11.9m | TWD 4.6m | TWD 5.0m |
| Operating income | −TWD 109.3m | −TWD 88.8m | −TWD 174.2m | −TWD 125.3m | −TWD 83.0m | −TWD 84.8m | −TWD 107.0m | −TWD 106.2m |
| Net income | −TWD 100.4m | −TWD 76.6m | −TWD 167.2m | −TWD 118.4m | −TWD 77.8m | −TWD 75.8m | −TWD 101.7m | −TWD 100.8m |
| Diluted earnings per share | -1.53 | -1.17 | -2.84 | -2.01 | -1.32 | -1.29 | -1.76 | -1.75 |
| Cash from operations | — | −TWD 113.0m | −TWD 82.0m | −TWD 75.0m | −TWD 63.0m | −TWD 59.0m | −TWD 69.0m | −TWD 94.0m |
| Capital spending | — | −TWD 54.0m | −TWD 72.0m | −TWD 77.0m | −TWD 26.0m | −TWD 51.0m | −TWD 148.0m | −TWD 114.0m |
| Free cash flow | — | −TWD 167.0m | −TWD 154.0m | −TWD 152.0m | −TWD 89.0m | −TWD 110.0m | −TWD 217.0m | −TWD 208.0m |
| Total assets | — | TWD 3.29bn | TWD 2.11bn | TWD 1.62bn | TWD 1.66bn | TWD 1.68bn | TWD 1.74bn | TWD 1.62bn |
| Cash and short-term investments | — | TWD 2.45bn | TWD 1.31bn | TWD 920.2m | TWD 961.5m | TWD 1.03bn | TWD 1.14bn | TWD 1.21bn |
| Debt | — | TWD 129.9m | TWD 128.1m | TWD 127.9m | TWD 227.8m | TWD 227.7m | TWD 227.6m | TWD 54.9m |
| Shareholders' equity | — | TWD 2.66bn | TWD 1.42bn | TWD 957.2m | TWD 1.04bn | TWD 1.12bn | TWD 1.18bn | TWD 1.27bn |
Financial ratios
Data as of 19 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Operating margin | -1487.2% | -2106.3% | -2280.5% | -1376.2% | -1402.0% |
| Net margin | -1349.1% | -1983.7% | -2211.3% | -1341.3% | -1351.9% |
| Return on equity | -29.8% | -33.0% | -34.1% | -28.7% | -84.0% |
| Return on assets | -20.1% | -22.3% | -28.1% | -22.0% | -48.0% |
| Free cash flow yield | -0.1% | 0.1% | -5.7% | -6.0% | — |
| Revenue growth | 60.1% | 8.9% | 5.1% | 22.8% | — |
| Earnings growth | 8.9% | -2.3% | 73.3% | 21.8% | — |
| Current ratio | 4.31x | 3.60x | 12.62x | 12.67x | 2.98x |
| Debt to equity | 0.09x | 0.19x | 0.02x | 0.04x | 0.11x |
| Equity ratio | 67.3% | 67.6% | 82.5% | 76.7% | 57.1% |
| Interest coverage | -228.53x | -182.96x | -160.89x | -173.48x | -129.09x |
| R&D as a share of sales | 804.0% | 1355.8% | 1328.8% | 829.8% | 978.1% |
| Buybacks as a share of market value | -1937.4% | -12.8% | -16.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 23.0% | — | — |
| Operating income | 25.6% | — | — |
| Net income | 22.6% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | -47.5 | -12.1 |
| Price to sales | — | 271.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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