F 
24.45
+0.62%
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 201.6m
FY2016FY2025
Net income
−TWD 32.8m
FY2016FY2025
Free cash flow
−TWD 879.5m
FY2016FY2025
Shareholders' equity
TWD 471.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 201.6m | TWD 232.7m | TWD 217.9m | TWD 228.8m | TWD 218.9m | TWD 186.6m | TWD 196.1m | TWD 186.3m | TWD 193.1m | TWD 203.9m |
| Gross profit | TWD 18.0m | TWD 34.2m | TWD 20.2m | TWD 26.5m | TWD 41.8m | TWD 25.9m | TWD 31.0m | TWD 30.0m | TWD 36.1m | TWD 20.4m |
| Operating income | −TWD 18.0m | TWD 4.3m | −TWD 16.7m | −TWD 12.9m | TWD 2.1m | −TWD 5.0m | −TWD 836,000 | TWD 1.6m | −TWD 6.1m | −TWD 10.8m |
| Net income | −TWD 32.8m | −TWD 9.3m | −TWD 29.7m | −TWD 5.0m | TWD 3.2m | TWD 2.5m | TWD 10.1m | TWD 438,000 | −TWD 6.9m | −TWD 9.6m |
| Diluted earnings per share | -0.78 | -0.22 | -0.70 | -0.16 | 0.10 | 0.08 | 0.24 | 0.01 | -0.16 | -0.28 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 2.99bn | TWD 2.10bn | TWD 1.50bn | TWD 1.25bn | TWD 1.16bn | TWD 1.09bn | TWD 725.1m | TWD 511.6m | TWD 468.6m | TWD 460.8m |
| Cash and short-term investments | — | — | — | — | — | — | — | — | — | TWD 36.7m |
| Total liabilities | TWD 2.52bn | TWD 1.63bn | TWD 1.02bn | TWD 891.8m | TWD 793.8m | TWD 721.6m | TWD 363.8m | TWD 161.2m | TWD 121.1m | TWD 104.8m |
| Debt | TWD 272.7m | TWD 1.32bn | TWD 885.8m | TWD 789.4m | TWD 300.0m | TWD 300.0m | — | — | TWD 50.0m | TWD 40.0m |
| Shareholders' equity | TWD 471.5m | TWD 470.8m | TWD 474.0m | TWD 358.4m | TWD 365.0m | TWD 364.0m | TWD 361.2m | TWD 350.4m | TWD 347.5m | TWD 356.1m |
| Shares outstanding | 42m | 42m | 42m | 32m | 32m | 30m | 42m | 42m | 42m | 34m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 46.0m | −TWD 13.1m | −TWD 23.1m | TWD 5.8m | −TWD 3.8m | TWD 12.1m | TWD 4.3m | −TWD 503,000 | TWD 4.3m | TWD 9.3m |
| Capital spending | −TWD 833.5m | −TWD 533.7m | −TWD 133.3m | −TWD 80.9m | −TWD 42.0m | −TWD 401.0m | −TWD 171.7m | −TWD 1.2m | −TWD 1.6m | −TWD 8.3m |
| Free cash flow | −TWD 879.5m | −TWD 546.8m | −TWD 156.3m | −TWD 75.1m | −TWD 45.7m | −TWD 388.9m | −TWD 167.4m | −TWD 1.7m | TWD 2.7m | TWD 1.0m |
| Dividends paid | −TWD 4.2m | — | — | −TWD 3.2m | −TWD 3.2m | −TWD 6.8m | −TWD 3.4m | −TWD 3.4m | −TWD 3.4m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 40.6m | TWD 60.1m | TWD 50.8m | TWD 49.8m | TWD 50.0m | TWD 51.0m | TWD 61.0m | TWD 62.4m |
| Gross profit | TWD 2.5m | TWD 6.0m | TWD 2.3m | TWD 1.1m | TWD 8.0m | TWD 6.6m | TWD 8.0m | TWD 10.5m |
| Operating income | −TWD 3.8m | −TWD 8.3m | −TWD 5.8m | −TWD 8.2m | −TWD 615,000 | −TWD 7.4m | −TWD 470,000 | — |
| Net income | −TWD 7.9m | −TWD 11.8m | −TWD 9.4m | −TWD 7.3m | −TWD 5.0m | −TWD 11.1m | −TWD 4.4m | TWD 2.9m |
| Diluted earnings per share | -0.19 | -0.28 | -0.22 | -0.17 | -0.12 | -0.26 | -0.10 | 0.07 |
| Cash from operations | −TWD 20.0m | −TWD 4.0m | −TWD 18.0m | −TWD 12.0m | −TWD 12.0m | −TWD 2.0m | TWD 8.0m | −TWD 17.0m |
| Capital spending | — | −TWD 2.0m | −TWD 197.0m | −TWD 198.0m | −TWD 189.0m | −TWD 248.0m | −TWD 105.0m | −TWD 130.0m |
| Free cash flow | — | −TWD 6.0m | −TWD 215.0m | −TWD 210.0m | −TWD 201.0m | −TWD 250.0m | −TWD 97.0m | −TWD 147.0m |
| Total assets | TWD 3.42bn | TWD 3.16bn | TWD 2.99bn | TWD 2.68bn | TWD 2.47bn | TWD 2.27bn | TWD 2.10bn | TWD 1.86bn |
| Debt | TWD 2.57bn | TWD 2.38bn | TWD 272.7m | TWD 1.88bn | TWD 1.68bn | TWD 1.53bn | TWD 1.32bn | TWD 1.25bn |
| Shareholders' equity | TWD 466.7m | TWD 461.5m | TWD 471.5m | TWD 463.8m | TWD 465.6m | TWD 459.9m | TWD 470.8m | TWD 472.7m |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 8.9% | 14.7% | 9.3% | 11.6% | 17.1% | 13.9% |
| Operating margin | -8.7% | 2.0% | -7.6% | -5.6% | 0.9% | -2.7% |
| Net margin | -16.3% | -4.0% | -13.6% | -2.2% | 1.5% | 1.3% |
| Return on equity | -6.9% | -2.0% | -6.3% | -1.4% | 0.9% | 0.7% |
| Return on assets | -1.1% | -0.4% | -2.0% | -0.4% | 0.3% | 0.2% |
| Free cash flow yield | — | 47.4% | 10.0% | 10.3% | 4.6% | 52.4% |
| Revenue growth | -13.4% | 6.8% | -4.8% | 4.5% | 17.3% | -4.9% |
| Earnings growth | 251.8% | -68.6% | 492.8% | -255.7% | 29.4% | -75.4% |
| Current ratio | 0.11x | 0.73x | 1.52x | 1.42x | 0.25x | 0.26x |
| Debt to equity | 0.58x | 2.81x | 1.87x | 2.20x | 0.82x | 0.82x |
| Equity ratio | 15.8% | 22.4% | 31.6% | 28.7% | 31.5% | 33.5% |
| Interest coverage | -1.14x | 0.34x | -1.25x | -2.58x | 0.98x | -2.21x |
| Buybacks as a share of market value | — | 0.0% | -31.1% | 0.0% | -6.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.1% | 1.6% | -0.7% |
| Operating income | 11.9% | 29.4% | 12.5% |
| Net income | 87.1% | — | 16.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.0% | 11.2% | 12.9% | 13.5% |
| Operating margin | -3.2% | -4.9% | -3.6% | -3.0% |
| Net margin | -9.7% | -8.7% | -5.5% | -3.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -51.4 | -163.4 | -23.6 | -122.1 | 183.1 | 217.0 | 68.8 | — | -73.8 | -33.6 |
| Price to sales | 8.3 | 6.5 | 3.2 | 2.7 | 2.7 | 2.9 | 3.5 | 3.6 | 2.6 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 25 Sept 2025.
| FY2025 | FY2022 | |
|---|---|---|
| Paid in the year | 0.10 | 0.095 |
- 1000-to-663.2 reverse split · 3 Jan 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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