Ate Energy International Co Ltd

Ate Energy International Co Ltd has a debt-to-equity ratio of 0.94, indicating a moderate reliance on debt financing. The company's liquidity position is assessed as medium, with a current ratio of 1.76, suggesting it can cover its short-term obligations but with limited buffer. However, the company reported negative operating cash flow of -409,110,000 TWD, which raises concerns about its ability to fund operations from core business activities.

In terms of profitability, the company's return on equity (ROE) is 0.65%, and its return on assets (ROA) is 0.28%, both of which are below the industry median for construction and engineering firms. This suggests that the company is underperforming in generating returns relative to its equity and asset base.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and regulatory changes. The company's revenue for the latest period was 664,729,000 TWD, but there is no indication of growth in the near term.

Capital expenditures for the period were -26,058,000 TWD, indicating a reduction in investment in long-term assets. This may signal a strategic shift or financial constraints. The company's free cash flow is nearly zero at 30,000 TWD, further highlighting its limited capacity to reinvest or return value to shareholders.

The company's risk profile includes a medium liquidity risk and a low dilution risk. However, the negative operating cash flow and the presence of long-term debt of 2,210,311,000 TWD suggest potential financial stress in the medium term. No recent events or filings have been disclosed that would significantly alter the company's risk profile.

Operating income surged 60.6% year-over-year to TWD 167 million, signaling improved core operational efficiency despite flat revenue.

Net income grew 18.2% year-over-year to TWD 6.2 million, demonstrating modest profitability recovery in the latest fiscal period.

Free cash flow improved by 39.3% year-over-year, narrowing the cash burn rate to TWD 40 million in the latest period.

Revenue maintained stability with a negligible 0.2% year-over-year decline, preserving top-line scale at TWD 4.15 billion.

Gross profit expanded to TWD 396 million, indicating better cost of goods sold management relative to revenue generation.

Long-term debt ballooned to TWD 6.52 billion, creating a high credit risk and severe leverage burden for the company.

The debt-to-equity ratio of 0.94 places the company in the bottom quartile of its construction cohort, indicating excessive financial risk.

Return on equity of 0.65% trails the cohort median of 4.75%, reflecting poor capital efficiency and shareholder value creation.

Cash conversion of -26.75% ranks in the bottom quartile, revealing significant difficulties in generating cash from operating activities.

Revenue TWD 920.3M, +3,1% YoY; Operating income +140,8% YoY.

• ▍Revenue TWD 920.3M, +3,1% YoY
• ▍Operating income +140,8% YoY
• ▍Net income +76,6% YoY
• ▍Free cash flow +78,9% YoY
• ▍Net margin -2.7%

Revenue TWD 982.2M, +69,9% YoY; Operating income −111,6% YoY.

• ▍Revenue TWD 982.2M, +69,9% YoY
• ▍Operating income −111,6% YoY
• ▍Net income +218,8% YoY
• ▍Free cash flow +234,0% YoY
• ▍Net margin 5.8%

Revenue TWD 964.8M, +45,1% YoY; Operating income +58,6% YoY.

• ▍Revenue TWD 964.8M, +45,1% YoY
• ▍Operating income +58,6% YoY
• ▍Net income −38,2% YoY
• ▍Free cash flow +49 683,3% YoY
• ▍Net margin 1.0%

Revenue TWD 4.16B, +24,9% YoY; Operating income −45,1% YoY.

• ▍Revenue TWD 4.16B, +24,9% YoY
• ▍Operating income −45,1% YoY
• ▍Net income −88,5% YoY
• ▍Free cash flow −197,8% YoY
• ▍Net margin 0.1%

Revenue TWD 3.33B, +26,2% YoY; Operating income +233,3% YoY.

• ▍Revenue TWD 3.33B, +26,2% YoY
• ▍Operating income +233,3% YoY
• ▍Net income +158,3% YoY
• ▍Free cash flow +92,6% YoY
• ▍Net margin 1.4%

Revenue TWD 2.64B, −13,9% YoY; Operating income −159,9% YoY.

• ▍Revenue TWD 2.64B, −13,9% YoY
• ▍Operating income −159,9% YoY
• ▍Net income −154,4% YoY
• ▍Free cash flow −2 948,8% YoY
• ▍Net margin -3.0%

Revenue TWD 3.06B; Operating income TWD 236.9M.

• ▍Revenue TWD 3.06B
• ▍Operating income TWD 236.9M
• ▍Net margin 4.7%