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Bai Sha Technology Co 8401.TWO · TWD

Industrials · Taipei Exchange · 🇹🇼 Taiwan

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21.75

+0.23%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 1.54bn

FY2016FY2025

Net income

TWD 185.7m

FY2016FY2025

Free cash flow

TWD 27.5m

FY2016FY2025

Shareholders' equity

TWD 1.21bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 1.54bnTWD 1.56bnTWD 1.48bnTWD 1.54bnTWD 1.35bnTWD 1.25bnTWD 1.32bnTWD 1.46bnTWD 1.43bnTWD 1.40bn
Gross profitTWD 473.0mTWD 474.4mTWD 403.9mTWD 409.0mTWD 346.2mTWD 292.7mTWD 289.7mTWD 336.4mTWD 368.6mTWD 325.9m
Research and developmentTWD 4.4mTWD 3.0mTWD 3.4mTWD 2.4mTWD 1.7mTWD 1.6mTWD 2.5mTWD 3.9mTWD 1.8mTWD 4.6m
Operating incomeTWD 200.4mTWD 215.0mTWD 143.1mTWD 168.5mTWD 104.3mTWD 64.4mTWD 45.7mTWD 70.6mTWD 96.5mTWD 61.1m
Net incomeTWD 185.7mTWD 170.8mTWD 108.8mTWD 133.1mTWD 117.9mTWD 46.1mTWD 29.1mTWD 60.4mTWD 92.4mTWD 12.2m
Diluted earnings per share3.082.831.802.211.960.770.481.001.530.17

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 1.67bnTWD 1.54bnTWD 1.40bnTWD 1.48bnTWD 1.46bnTWD 1.48bnTWD 1.46bnTWD 1.53bnTWD 1.56bnTWD 1.50bn
Cash and short-term investments———TWD 383.7mTWD 380.0mTWD 379.1mTWD 319.7m——TWD 324.9m
Total liabilitiesTWD 454.8mTWD 414.4mTWD 395.6mTWD 467.0mTWD 483.4mTWD 576.9mTWD 546.1mTWD 588.9mTWD 603.6mTWD 635.0m
DebtTWD 88.6mTWD 37.8mTWD 36.1mTWD 198.4mTWD 246.7mTWD 329.9mTWD 331.1mTWD 251.1mTWD 241.6mTWD 352.9m
Shareholders' equityTWD 1.21bnTWD 1.13bnTWD 1.00bnTWD 1.01bnTWD 981.5mTWD 899.8mTWD 916.6mTWD 940.6mTWD 952.8mTWD 861.3m
Shares outstanding60m60m61m60m60m60m60m60m60m71m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 300.6mTWD 299.2mTWD 233.9mTWD 236.2mTWD 176.6mTWD 173.5mTWD 224.4mTWD 93.7mTWD 192.4mTWD 163.0m
Capital spending−TWD 273.1m−TWD 110.1m−TWD 60.6m−TWD 42.2m−TWD 45.6m−TWD 50.5m−TWD 41.6m−TWD 81.7m−TWD 158.6m−TWD 91.0m
Free cash flowTWD 27.5mTWD 189.1mTWD 173.2mTWD 194.0mTWD 131.0mTWD 123.0mTWD 182.7mTWD 12.0mTWD 33.8mTWD 72.0m
Dividends paid−TWD 99.1m−TWD 48.0m−TWD 120.0m−TWD 104.0m−TWD 40.0m−TWD 31.4m−TWD 53.0m−TWD 80.0m−TWD 24.0m−TWD 36.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 402.6mTWD 367.4mTWD 414.7mTWD 396.5mTWD 382.7mTWD 349.9mTWD 434.3mTWD 381.1m
Gross profitTWD 127.1mTWD 110.7mTWD 134.7mTWD 122.3mTWD 114.5mTWD 101.4mTWD 140.0mTWD 114.1m
Operating income—TWD 41.7mTWD 61.8mTWD 54.6mTWD 47.4mTWD 36.6mTWD 71.4m—
Net incomeTWD 44.2mTWD 32.4mTWD 64.8mTWD 44.5mTWD 46.8mTWD 29.6mTWD 57.4mTWD 41.5m
Diluted earnings per share0.730.541.080.740.780.490.950.69
Cash from operationsTWD 61.0mTWD 43.0mTWD 117.0mTWD 64.0mTWD 50.0mTWD 67.0mTWD 96.0mTWD 94.0m
Capital spending−TWD 72.0m−TWD 336.0m−TWD 173.0m−TWD 63.0m−TWD 18.0m−TWD 17.0m−TWD 42.0m−TWD 10.0m
Free cash flow−TWD 11.0m−TWD 293.0m−TWD 56.0mTWD 1.0mTWD 32.0mTWD 50.0mTWD 54.0mTWD 84.0m
Total assetsTWD 2.01bnTWD 2.04bnTWD 1.67bnTWD 1.54bnTWD 1.46bnTWD 1.53bnTWD 1.54bnTWD 1.42bn
DebtTWD 469.2mTWD 477.1mTWD 88.6mTWD 72.6mTWD 47.7mTWD 53.9mTWD 37.8mTWD 41.7m
Shareholders' equityTWD 1.21bnTWD 1.16bnTWD 1.21bnTWD 1.15bnTWD 1.10bnTWD 1.06bnTWD 1.13bnTWD 1.07bn

Financial ratios

Data as of 30 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin30.6%30.5%34.0%26.6%25.7%23.4%
Operating margin15.3%14.0%9.3%11.0%7.7%5.1%
Net margin12.0%11.0%7.3%8.7%8.8%3.7%
Return on equity15.3%15.2%10.9%13.1%12.0%5.1%
Return on assets11.1%11.1%7.8%9.0%8.0%3.1%
Free cash flow yield—30.5%21.8%20.8%16.6%16.7%
Revenue growth-0.9%4.9%-3.4%14.2%7.4%-4.9%
Earnings growth8.7%56.9%-18.2%12.9%155.9%58.5%
Current ratio2.50x2.64x2.42x2.41x2.36x2.16x
Debt to equity0.07x0.03x0.04x0.14x0.22x0.32x
Equity ratio72.7%73.1%71.7%68.5%67.0%60.9%
Interest coverage77.78x90.80x45.07x50.73x27.42x14.07x
R&D as a share of sales0.3%0.2%0.2%0.2%0.1%0.1%
Buybacks as a share of market value—0.4%-0.6%-0.1%0.0%—

Growth per year

Compound annual rate

3 years5 years10 years
Revenue0.2%4.3%1.2%
Operating income6.0%25.5%11.0%
Net income11.7%32.1%15.0%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin30.5%28.8%27.5%25.8%
Operating margin13.4%11.9%10.3%7.9%
Net margin11.5%9.8%8.7%6.4%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings9.49.99.97.86.813.220.210.28.949.3
Price to sales1.11.10.70.70.60.50.40.40.60.4

Dividends and splits

Per share, in the currency the company pays

Paid for 4 years. Last went ex-dividend on 27 Mar 2025.

FY2025FY2024FY2023FY2022
Paid in the year1.4020.681.6981.472
  • 1070-for-1000 split · 27 Aug 2025
  • 1070-for-1000 split · 26 Aug 2025
  • 1100-for-1000 split · 22 Aug 2024
  • 1.1-for-1 split · 1 Aug 2013
  • 1.1-for-1 split · 17 Jul 2012
  • 1.10076-for-1 split · 21 Jul 2011

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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