3481.Tw
The company operates in the Technology Equipment sector, specializing in Electronic Equipment & Parts, and generates revenue primarily through the production and sale of electronic components and equipment.
Business. The company operates in the Technology Equipment sector, specializing in Electronic Equipment & Parts, and generates revenue primarily through the production and sale of electronic components and equipment.
Analyst recommendations
9 analysts · consensus HoldAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Macro
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
- Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
- Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
The company operates in the Technology Equipment sector, specializing in Electronic Equipment & Parts, and generates revenue primarily through the production and sale of electronic components and equipment.
The company's capital structure is characterized by a debt-to-equity ratio of 0.25, indicating a relatively conservative leverage position. Its liquidity position is marked by a current ratio of 1.43, suggesting it has sufficient short-term assets to cover its short-term liabilities. However, the company's net cash position is negative after subtracting total debt, which raises some liquidity concerns.
Profitability metrics reveal a weak performance, with a return on equity (ROE) of 0.0011 and a return on assets (ROA) of 0.0006. These figures are below the typical thresholds for healthy returns in the Technology Equipment sector, indicating that the company is not generating strong returns relative to its equity and asset base.
The company's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no significant geographic diversification reported. This concentration may expose the company to higher risks if demand in its primary market or product line declines.
Looking at the growth trajectory, the company's operating income has turned negative, with a loss of 4.16 billion TWD, while net income remains positive at 249.76 million TWD. This suggests that the company is managing to maintain profitability through cost control or non-operating income, but its core operations are under pressure. Analysts have provided a mean price target of 16.43 TWD, with a median of 16.80 TWD, indicating a cautious outlook.
Risk factors include a medium liquidity risk, as highlighted by the negative net cash position after debt. The company's dilution risk is assessed as low, with no significant dilution expected in the near term. However, the company's operating cash flow of 20.17 billion TWD and free cash flow of 10.60 billion TWD provide some buffer against short-term liquidity pressures.
Recent events include the publication of the latest financial results, which show a decline in operating income and a negative net cash position. Analysts have issued a mean recommendation of 3.00, which is a "Hold" rating, with no strong buy recommendations and only one buy recommendation. This suggests that the market is not overly optimistic about the company's near-term prospects.
- The company has a conservative debt-to-equity ratio of 0.25, indicating a relatively low leverage position.
- The company's return on equity and return on assets are below typical thresholds for the Technology Equipment sector.
- The company's revenue is concentrated in a single business segment, which may increase its exposure to market-specific risks.
- Analysts have provided a cautious outlook, with a mean recommendation of "Hold" and a mean price target of 16.43 TWD.
- The company's liquidity position is medium risk, with a negative net cash position after subtracting total debt.
- The company's operating income has turned negative, while net income remains positive, indicating potential cost control or non-operating income support.
Bull / Bear case
analysis pipelineIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,39 |
| Revenue | —no estimate | —no estimate | 257,7B TWD |
| Operating income | —no estimate | —no estimate | 1,1B TWD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- 3481.TW Market data — financials · 2026-05-26
- Innolux Corp Market data — analyst estimates · 2026-05-26
Ownership & reference
Leadership
- Jin-Yang HungChairman of the Board, Chief Executive Officer