This is research, not a buy or sell recommendation. Robo-advice in Taiwan requires an FSC licence; FEAF analyses, explains and monitors, and the investor makes the decision. Judgement thresholds are working rules pending review by the team's finance members.
Plain-language summary of valuation, growth, profitability, balance sheet, and recent MOPS filings.
Mixed picture: 1 strengths against 3 watch-outs. Weigh them against your own goals.
Points to watch for a moderate profile: see the items marked above.
In plain words
Company 5364 reported a revenue decline of -26.1% in 2025 and a year-on-year drop of -80.2% in Q2 2026, accompanied by weak profitability with a return on equity of -4.6% and a net margin of -13.6%. Free cash flow in 2025 stood at -55 NT$ million, though liabilities remained low at 36.0% of total assets in Q2 2026. Overall, the situation presents a mixed picture of 1 strength against 3 watch-outs, alongside 1 verified alert on 2026-11-12 and 2 filings awaiting human review. Ultimately, the final investment decision rests with the investor.
Written by gemini-3.6-flash from the facts above; every number was checked against them.
Strengths
+Liabilities are only 36.0% of total assets (Q2 2026): a light debt load. source (Financials) →
Watch-outs
!Revenue fell -26.1% in 2025; latest quarter Q2 2026: -80.2% year on year. source (Financials) →
!Return on equity -4.6% with a -13.6% net margin: weak profitability. source (Key Stats) →
!Free cash flow was negative in 2025: -55 NT$ million, so spending exceeded operating cash. source (Financials) →
What to check before deciding
?Is the revenue decline temporary or structural?
?What would lift profitability, and how soon?
?What is the spending for, and when does it start paying back?
What the analysis found
!GrowthRevenue fell -26.1% in 2025; latest quarter Q2 2026: -80.2% year on year. source →
!ProfitabilityReturn on equity -4.6% with a -13.6% net margin: weak profitability. source →
+DebtLiabilities are only 36.0% of total assets (Q2 2026): a light debt load. source →
!Cash flowFree cash flow was negative in 2025: -55 NT$ million, so spending exceeded operating cash. source →
·Filings1 verified alert(s); latest on 2026-11-12: 公告本公司董事會通過115年第3季合併財務報告 source →
·Filings2 filing(s) are held or rejected and wait for human review. source →