I 
109.50
+9.50%
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 709.1m
FY2020FY2025
Net income
−TWD 95.7m
FY2020FY2025
Free cash flow
−TWD 325.8m
FY2020FY2025
Shareholders' equity
TWD 1.48bn
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | TWD 709.1m | TWD 496.2m | TWD 469.2m | TWD 943.4m | TWD 354.6m | TWD 47.1m |
| Gross profit | TWD 99.1m | TWD 36.4m | TWD 117.6m | TWD 184.5m | TWD 67.7m | TWD 5.5m |
| Research and development | TWD 35.3m | TWD 7.2m | TWD 24.6m | TWD 10.9m | — | — |
| Operating income | −TWD 74.6m | −TWD 88.3m | −TWD 32.5m | TWD 62.6m | TWD 6.1m | −TWD 22.8m |
| Net income | −TWD 95.7m | −TWD 42.4m | TWD 88.7m | TWD 104.7m | TWD 127.5m | −TWD 20.8m |
| Diluted earnings per share | -2.80 | -1.25 | 2.58 | 3.36 | 3.73 | -0.61 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | TWD 2.18bn | TWD 1.98bn | TWD 1.70bn | TWD 1.67bn | TWD 656.9m | TWD 108.0m |
| Cash and short-term investments | — | TWD 255.9m | TWD 361.6m | TWD 751.8m | TWD 97.7m | TWD 7.9m |
| Total liabilities | TWD 696.9m | TWD 703.8m | TWD 348.9m | TWD 410.2m | TWD 388.8m | TWD 31.5m |
| Debt | TWD 442.7m | TWD 486.5m | TWD 150.7m | TWD 185.2m | TWD 207.5m | TWD 9.2m |
| Shareholders' equity | TWD 1.48bn | TWD 1.27bn | TWD 1.35bn | TWD 1.26bn | TWD 253.0m | TWD 76.5m |
| Shares outstanding | 34m | 34m | 34m | 31m | 34m | 34m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | −TWD 102.7m | TWD 99.5m | TWD 146.0m | −TWD 35.9m | TWD 57.2m | −TWD 47.8m |
| Capital spending | −TWD 223.1m | −TWD 359.6m | −TWD 466.2m | −TWD 163.2m | −TWD 41.8m | −TWD 17.4m |
| Free cash flow | −TWD 325.8m | −TWD 260.2m | −TWD 320.1m | −TWD 199.1m | TWD 15.4m | −TWD 65.2m |
| Dividends paid | — | −TWD 41.0m | −TWD 33.0m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 164.8m | TWD 324.5m | TWD 273.9m | TWD 222.3m | TWD 243.7m | TWD 225.4m | TWD 635.9m | TWD 307.5m |
| Gross profit | TWD 18.2m | TWD 28.0m | TWD 22.4m | TWD 14.0m | TWD 64.9m | TWD 52.7m | TWD 127.2m | TWD 57.3m |
| Operating income | −TWD 89.5m | −TWD 82.3m | −TWD 45.8m | −TWD 42.5m | −TWD 807,000 | −TWD 31.7m | TWD 70.4m | −TWD 7.8m |
| Net income | −TWD 84.3m | −TWD 53.4m | −TWD 33.5m | −TWD 8.8m | TWD 33.3m | TWD 55.4m | TWD 50.3m | TWD 54.4m |
| Diluted earnings per share | -2.46 | -1.56 | -0.99 | -0.26 | 0.97 | 1.61 | 1.62 | 1.75 |
| Cash from operations | TWD 83.0m | −TWD 269.0m | TWD 74.0m | TWD 24.0m | TWD 20.0m | TWD 125.0m | −TWD 116.0m | TWD 80.0m |
| Capital spending | −TWD 72.0m | −TWD 74.0m | −TWD 234.0m | −TWD 124.0m | −TWD 166.0m | −TWD 297.0m | −TWD 116.0m | −TWD 46.0m |
| Free cash flow | TWD 11.0m | −TWD 343.0m | −TWD 160.0m | −TWD 100.0m | −TWD 146.0m | −TWD 172.0m | −TWD 232.0m | TWD 34.0m |
| Total assets | TWD 2.05bn | TWD 2.00bn | TWD 1.98bn | TWD 1.71bn | TWD 1.70bn | TWD 1.85bn | TWD 1.67bn | — |
| Cash and short-term investments | — | TWD 190.0m | TWD 255.9m | TWD 311.3m | TWD 361.6m | TWD 592.7m | TWD 751.8m | — |
| Debt | TWD 435.3m | TWD 576.8m | TWD 415.3m | TWD 109.8m | TWD 69.9m | TWD 136.0m | TWD 104.3m | — |
| Shareholders' equity | TWD 1.37bn | TWD 1.21bn | TWD 1.27bn | TWD 1.30bn | TWD 1.35bn | TWD 1.30bn | TWD 1.26bn | — |
Financial ratios
Data as of 26 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 25.3% | 7.3% | 25.1% | 19.6% | 19.1% | 11.6% |
| Operating margin | -14.8% | -10.1% | 24.8% | 14.4% | 42.6% | -42.7% |
| Net margin | -13.5% | -8.5% | 18.9% | 11.1% | 36.0% | -44.1% |
| Return on equity | -6.5% | -3.3% | 6.6% | 8.3% | 50.4% | -27.2% |
| Return on assets | -4.4% | -2.1% | 5.2% | 6.3% | 19.4% | -19.2% |
| Free cash flow yield | 2.8% | 10.9% | 14.3% | 3.3% | — | — |
| Revenue growth | 42.9% | 5.8% | -50.3% | 166.0% | 652.3% | — |
| Earnings growth | 126.0% | -147.7% | -15.3% | -17.9% | -713.7% | — |
| Current ratio | 4.10x | 2.94x | 3.25x | 3.86x | 1.44x | 2.23x |
| Debt to equity | 0.30x | 0.33x | 0.05x | 0.08x | 0.46x | 0.04x |
| Equity ratio | 68.0% | 64.4% | 79.4% | 75.4% | 38.5% | 70.8% |
| Interest coverage | -8.10x | -7.82x | 22.39x | 39.01x | 165.55x | -30.48x |
| R&D as a share of sales | 5.0% | 1.4% | 5.2% | 1.2% | — | — |
| Buybacks as a share of market value | -1.0% | 1.4% | -10.3% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.1% | 72.0% | — |
| Operating income | — | 26.8% | — |
| Net income | — | 35.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 11.2% | 16.7% | 16.9% | — |
| Operating margin | -13.5% | -5.1% | -5.0% | — |
| Net margin | -11.5% | 2.1% | 5.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | -24.3 | -74.5 | 45.3 |
| Price to sales | 3.3 | 6.4 | 8.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Aug 2024.
| FY2024 | FY2023 | |
|---|---|---|
| Paid in the year | 1.21 | 1.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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