F 
12.85
+2.80%
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 658.4m
FY2016FY2025
Net income
−TWD 141.9m
FY2016FY2025
Free cash flow
−TWD 39.5m
FY2016FY2025
Shareholders' equity
TWD 1.27bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 658.4m | TWD 596.3m | TWD 722.6m | TWD 893.8m | TWD 914.5m | TWD 810.9m | TWD 989.4m | TWD 1.44bn | TWD 1.36bn | TWD 1.43bn |
| Gross profit | TWD 44.1m | TWD 27.6m | TWD 586,000 | TWD 82.1m | TWD 96.2m | −TWD 3.6m | TWD 18.8m | TWD 124.7m | TWD 101.0m | −TWD 20.9m |
| Research and development | TWD 15.1m | TWD 14.5m | TWD 16.9m | TWD 18.0m | TWD 19.4m | TWD 38.8m | TWD 53.8m | TWD 34.4m | TWD 33.5m | TWD 40.3m |
| Operating income | −TWD 72.3m | −TWD 112.6m | −TWD 120.6m | −TWD 24.8m | −TWD 22.0m | −TWD 139.6m | −TWD 155.2m | −TWD 65.4m | −TWD 64.2m | −TWD 224.3m |
| Net income | −TWD 141.9m | −TWD 120.4m | −TWD 140.3m | TWD 172.0m | TWD 33.4m | −TWD 74.4m | −TWD 141.9m | −TWD 190.1m | TWD 6.6m | TWD 97.6m |
| Diluted earnings per share | -1.01 | -0.86 | -1.00 | 1.23 | 0.24 | -0.53 | -1.01 | -1.35 | 0.05 | 0.70 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 2.67bn | TWD 3.24bn | TWD 3.13bn | TWD 2.95bn | TWD 2.83bn | TWD 2.82bn | TWD 2.87bn | TWD 3.75bn | TWD 3.69bn | TWD 3.56bn |
| Cash and short-term investments | — | — | — | — | — | TWD 1.54bn | TWD 1.56bn | TWD 2.23bn | TWD 1.26bn | TWD 1.37bn |
| Total liabilities | TWD 1.40bn | TWD 1.51bn | TWD 1.46bn | TWD 1.26bn | TWD 1.34bn | TWD 1.39bn | TWD 1.41bn | TWD 2.07bn | TWD 2.10bn | TWD 2.27bn |
| Debt | TWD 927.0m | TWD 951.0m | TWD 975.0m | TWD 719.0m | TWD 731.0m | TWD 824.8m | TWD 862.5m | TWD 1.23bn | TWD 1.35bn | TWD 1.39bn |
| Shareholders' equity | TWD 1.27bn | TWD 1.73bn | TWD 1.68bn | TWD 1.69bn | TWD 1.49bn | TWD 1.43bn | TWD 1.46bn | TWD 1.68bn | TWD 1.59bn | TWD 1.30bn |
| Shares outstanding | 140m | 140m | 140m | 140m | 140m | 140m | 140m | 140m | 140m | 140m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 29.0m | −TWD 126.7m | TWD 27.3m | TWD 93.6m | −TWD 14.5m | −TWD 59.7m | −TWD 31.9m | −TWD 22.1m | −TWD 106.7m | −TWD 568.7m |
| Capital spending | −TWD 10.5m | −TWD 13.2m | −TWD 5.1m | −TWD 13.3m | −TWD 21.4m | −TWD 33.0m | −TWD 75.4m | −TWD 55.3m | −TWD 62.6m | −TWD 65.8m |
| Free cash flow | −TWD 39.5m | −TWD 139.9m | TWD 22.2m | TWD 80.3m | −TWD 35.9m | −TWD 92.7m | −TWD 107.4m | −TWD 77.4m | −TWD 169.4m | −TWD 634.5m |
| Dividends paid | — | — | −TWD 14.0m | −TWD 28.0m | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 144.8m | TWD 175.4m | TWD 174.2m | TWD 161.9m | TWD 164.7m | TWD 157.7m | TWD 146.3m | TWD 170.1m |
| Gross profit | TWD 7.7m | TWD 6.6m | TWD 11.7m | TWD 8.9m | TWD 11.6m | TWD 11.9m | TWD 7.0m | TWD 11.7m |
| Operating income | −TWD 27.6m | −TWD 24.6m | −TWD 18.7m | −TWD 21.9m | −TWD 16.4m | −TWD 15.3m | −TWD 24.5m | −TWD 19.6m |
| Net income | −TWD 43.1m | −TWD 22.5m | −TWD 87.4m | TWD 44.2m | −TWD 61.4m | −TWD 37.3m | −TWD 29.3m | −TWD 59.5m |
| Diluted earnings per share | -0.31 | -0.16 | -0.62 | 0.32 | -0.44 | -0.27 | -0.21 | -0.43 |
| Cash from operations | TWD 63.0m | TWD 30.0m | −TWD 34.0m | TWD 67.0m | −TWD 45.0m | −TWD 16.0m | TWD 43.0m | −TWD 67.0m |
| Capital spending | −TWD 10.0m | −TWD 8.0m | −TWD 1.0m | −TWD 4.0m | −TWD 3.0m | — | — | −TWD 1.0m |
| Free cash flow | TWD 53.0m | TWD 22.0m | −TWD 35.0m | TWD 63.0m | −TWD 48.0m | — | — | −TWD 68.0m |
| Total assets | TWD 2.51bn | TWD 2.68bn | TWD 2.67bn | TWD 2.92bn | TWD 2.86bn | TWD 3.06bn | TWD 3.24bn | TWD 3.18bn |
| Debt | TWD 855.0m | TWD 921.0m | TWD 927.0m | TWD 933.0m | TWD 939.0m | TWD 945.0m | TWD 951.0m | TWD 957.0m |
| Shareholders' equity | TWD 1.16bn | TWD 1.26bn | TWD 1.27bn | TWD 1.45bn | TWD 1.38bn | TWD 1.57bn | TWD 1.73bn | TWD 1.77bn |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Gross margin | 6.7% | 4.6% | 7.5% | 9.2% | 10.5% |
| Operating margin | -11.0% | -13.3% | -17.3% | 9.5% | -2.4% |
| Net margin | -21.6% | -20.2% | -19.4% | 19.2% | 3.7% |
| Return on equity | -11.2% | -7.0% | -8.4% | 10.2% | 2.2% |
| Return on assets | -5.3% | -3.7% | -4.5% | 5.8% | 1.2% |
| Revenue growth | 10.4% | -17.5% | -19.2% | -2.3% | — |
| Earnings growth | 17.9% | -14.2% | -181.5% | 415.1% | — |
| Current ratio | 5.85x | 4.68x | 5.84x | 4.72x | 6.17x |
| Debt to equity | 0.73x | 0.55x | 0.58x | 0.43x | 0.49x |
| Equity ratio | 47.4% | 53.4% | 53.5% | 57.4% | 52.7% |
| Interest coverage | -2.93x | -3.44x | -7.87x | 6.51x | -1.59x |
| R&D as a share of sales | 2.3% | 2.4% | 2.3% | 2.0% | 2.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.7% | -4.1% | -9.6% |
| Operating income | 42.8% | -12.3% | -6.3% |
| Net income | — | 13.8% | -2.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 5.7% | 5.4% | 5.4% | 5.0% |
| Operating margin | -14.7% | -11.5% | -10.7% | -9.8% |
| Net margin | -20.9% | -8.0% | -5.9% | -5.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -16.3 | -37.9 | -50.4 | 16.0 | 76.7 | -18.0 | -5.0 | -4.0 | 126.4 | 7.1 |
| Price to sales | 3.5 | 7.7 | 9.8 | 3.1 | 2.8 | 1.6 | 0.7 | 0.5 | 0.6 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 6 Jul 2023.
| FY2023 | FY2022 | |
|---|---|---|
| Paid in the year | 0.10 | 0.20 |
- 1000-to-890.1533 reverse split · 16 Dec 2021
- 103-for-100 split · 8 Jul 2008
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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