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VATE (5344) Annual Reports

Listed on the Taipei Exchange (TPEx), classified under Semiconductors. This page collects the company's annual reports, with files served directly by the Market Observation Post System (MOPS).

2
english annual reports
1
english presentations
2025
latest year

Company profile

Website:Official site ↗

Financial history

Revenue & profit
Quarterly · In mn (TWD)
Revenue 94.7 mn Net income 1.44 mn
2013Q1 2013Q2 2013Q3 2013Q4 2014Q1 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016Q2 2016Q3 2016Q4 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2018Q2 2018Q3 2018Q4 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4 2022Q1 2022Q2 2022Q3 2022Q4 2023Q1 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2

Taiwan filings are cumulative; figures here are restated to single quarters.

Show table:Income statement
Item2013Q12013Q22013Q32013Q42014Q12014Q22014Q32014Q42015Q12015Q22015Q32015Q42016Q12016Q22016Q32016Q42017Q12017Q22017Q32017Q42018Q12018Q22018Q32018Q42019Q12019Q22019Q32019Q42020Q12020Q22020Q32020Q42021Q12021Q22021Q32021Q42022Q12022Q22022Q32022Q42023Q12023Q22023Q32023Q42024Q12024Q22024Q32024Q42025Q12025Q22025Q32025Q42026Q12026Q2
Revenue33.2 40.4 38.9 41.5 34.8 38.4 36.6 32.0 32.3 31.3 32.1 36.8 35.7 37.0 41.2 45.0 46.3 58.7 52.0 51.5 47.8 50.3 50.2 44.3 42.9 51.1 57.2 60.2 65.8 78.0 107 101 101 96.5 96.0 91.7 79.7 74.0 65.2 48.5 53.6 66.8 78.5 98.8 85.6 88.5 94.7 83.9 71.8 89.7 84.9 93.8 90.9 94.7
Gross profit-1.18 2.84 -0.43 2.36 -5.65 -2.82 -8.87 -33.1 -5.20 -17.3 -13.8 -16.9 -5.44 -11.6 -10.3 -13.0 -4.61 5.83 -2.11 -4.55 -1.12 -2.00 -6.99 -11.1 -8.95 -3.56 -0.41 0.79 8.51 18.0 21.2 24.2 28.6 23.5 25.1 18.4 10.1 13.0 1.46 -12.3 -4.82 6.32 11.9 32.0 18.1 22.1 22.1 13.8 -0.13 9.30 1.13 9.15 11.3 12.6
Operating income-7.53 -3.97 -7.79 -6.87 -15.0 -10.7 -17.5 -52.9 -10.1 -25.6 -21.7 -27.9 -12.3 -18.9 -17.4 -24.6 -12.9 -1.90 -11.4 -16.2 -8.57 -9.56 -15.5 -22.3 -17.9 -11.3 -7.91 -6.25 0.07 9.96 12.3 14.5 19.8 12.7 14.2 7.53 -1.34 2.35 -10.0 -24.3 -16.0 -4.92 -0.22 20.5 6.78 9.14 10.1 1.05 -13.9 -4.78 -14.1 -5.81 -3.25 -2.01
Pre-tax income-5.90 -1.57 -6.00 -3.43 -14.1 -9.48 -16.5 -53.5 -8.11 -23.5 -19.9 -26.7 0.45 -18.4 -16.7 -24.1 -12.5 -1.74 -11.2 -14.1 -9.56 -7.57 -15.7 -21.8 -17.3 -9.57 -5.67 -5.57 3.01 10.9 13.0 15.2 21.3 13.9 16.1 9.22 2.59 6.72 -4.24 -23.2 -14.4 -1.51 4.74 19.6 12.2 13.0 10.7 7.64 -9.72 -14.9 -6.77 0.02 1.98 1.09
Net income-5.90 -1.57 -6.00 -3.43 -14.1 -9.48 -16.5 -53.5 -8.11 -23.5 -19.9 -26.7 0.45 -18.1 -16.7 -24.1 -12.2 -1.74 -11.2 -14.1 -9.56 -7.49 -15.7 -21.8 -17.3 -9.53 -5.67 -5.57 3.01 10.9 13.0 15.2 21.3 13.9 16.1 9.22 2.59 6.72 -4.24 -23.2 -14.4 -1.51 4.74 19.6 12.2 13.1 10.7 7.64 -9.72 -14.6 -6.77 0.02 1.98 1.44
Balance sheet
Quarterly · In mn (TWD)
Total assets 633 mn Total liabilities 128 mn
2013Q1 2013Q2 2013Q3 2013Q4 2014Q1 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016Q2 2016Q3 2016Q4 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2018Q2 2018Q3 2018Q4 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4 2022Q1 2022Q2 2022Q3 2022Q4 2023Q1 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table:Balance sheet
Item2013Q12013Q22013Q32013Q42014Q12014Q22014Q32014Q42015Q12015Q22015Q32015Q42016Q12016Q22016Q32016Q42017Q12017Q22017Q32017Q42018Q12018Q22018Q32018Q42019Q12019Q22019Q32019Q42020Q12020Q22020Q32020Q42021Q12021Q22021Q32021Q42022Q12022Q22022Q32022Q42023Q12023Q22023Q32023Q42024Q12024Q22024Q32024Q42025Q12025Q22025Q32025Q42026Q12026Q2
Current assets425 242 338 339 330 328 300 277 253 266 253 249 211 217 202 192 153 144 130 183 162 163 151 142 135 143 143 149 155 177 198 210 217 248 255 271 254 270 272 264 245 262 273 293 299 305 303 321 279 277 282 296 279 284
Total assets945 939 847 839 831 821 798 773 736 729 710 704 674 656 641 650 623 618 602 594 583 575 552 526 580 573 558 552 572 578 601 643 645 676 688 702 682 674 648 630 591 597 594 608 614 629 630 657 626 612 612 635 605 633
Current liabilities36.8 114 28.7 23.2 29.6 29.5 22.9 51.5 22.9 28.7 31.2 50.4 30.5 31.5 32.3 66.8 51.9 48.1 44.1 50.3 38.2 39.0 33.1 35.3 56.5 61.6 55.8 57.2 63.7 63.0 77.2 103 87.0 96.0 82.6 91.4 76.6 71.8 60.8 65.4 54.9 66.2 63.5 62.8 62.5 66.1 62.4 86.3 67.4 70.5 78.8 96.5 65.9 81.6
Total liabilities36.8 114 28.7 23.2 29.7 29.5 22.9 51.6 23.0 28.7 31.2 50.4 30.5 31.5 32.3 66.8 51.9 48.1 44.1 50.3 48.0 47.5 40.3 41.1 112 114 105 104 122 117 127 154 135 151 148 153 135 127 113 118 104 111 107 105 103 108 102 124 102 103 110 133 101 128
Equity908 825 819 815 801 792 775 722 713 700 679 654 643 625 608 583 571 569 558 544 535 527 512 485 468 458 453 447 450 461 474 489 511 525 541 550 547 548 536 512 487 486 487 503 512 521 529 533 523 509 502 502 504 505
Cash flow
Quarterly · In mn (TWD)
Operating 11.3 mn Investing -7.57 mn Financing -2.41 mn
2013Q1 2013Q2 2013Q3 2013Q4 2014Q1 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016Q2 2016Q3 2016Q4 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2018Q2 2018Q3 2018Q4 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4 2022Q1 2022Q2 2022Q3 2022Q4 2023Q1 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2

Positive = cash in, negative = cash out.

Show table:Cash flow statement
Item2013Q12013Q22013Q32013Q42014Q12014Q22014Q32014Q42015Q12015Q22015Q32015Q42016Q12016Q22016Q32016Q42017Q12017Q22017Q32017Q42018Q12018Q22018Q32018Q42019Q12019Q22019Q32019Q42020Q12020Q22020Q32020Q42021Q12021Q22021Q32021Q42022Q12022Q22022Q32022Q42023Q12023Q22023Q32023Q42024Q12024Q22024Q32024Q42025Q12025Q22025Q32025Q42026Q12026Q2
Operating0.16 -2.85 8.20 5.73 7.13 7.90 -14.5 20.1 -18.7 -7.12 1.96 7.13 -25.0 15.6 -1.22 6.49 -14.2 3.78 0.37 56.2 0.4 3.33 -8.13 -1.70 1.51 8.21 11.7 18.5 12.4 26.5 6.04 18.0 26.3 44.5 26.7 39.6 24.3 30.0 13.8 23.9 -14.7 12.4 -5.42 18.1 30.1 19.3 26.9 50.1 -16.2 -11.2 23.0 0.63 -6.60 11.3
Investing-8.36 160 -30.9 30.3 -61.1 -22.8 -8.38 -12.3 5.51 -1.22 14.0 82.3 -59.8 -9.20 -19.0 3.62 9.25 -9.49 25.5 -27.0 -13.9 -6.47 -4.34 -1.17 -1.10 -0.09 -6.94 -3.08 -5.01 -4.57 2.43 -7.47 -17.4 -15.1 -11.0 -18.6 -16.1 -3.65 -21.6 -33.5 -5.48 -0.31 -16.7 -7.25 3.78 -15.1 -40.0 -21.9 -20.3 -5.02 -8.53 -2.31 -7.94 -7.57
Financing0 0 0 -1.65 -1.55 -1.55 -1.55 -7.95 -8.25 -8.29 -8.07 -7.16 -7.46 -6.72 -7.59 -6.61 -6.79 -7.91 -8.44 -7.92 -7.07 -6.90 -5.84 -3.94 -2.46 -2.46 -1.96 -1.73 -2.01 -2.56 -1.98 -2.63 -2.64 -2.65 -2.66 -2.68 -2.41
Cash at period end21.9 179 74.7 111 56.8 41.8 18.9 26.7 13.5 5.12 21.1 110 25.7 32.1 11.9 22.0 17.0 11.3 37.2 66.4 51.3 46.7 32.7 28.6 21.5 21.7 18.1 24.9 25.2 39.5 40.9 43.4 44.9 67.5 75.4 88.0 88.8 110 97.5 81.4 61.3 71.7 48.0 55.4 93.1 96.1 78.9 107 76.7 54.1 60.1 63.8 52.8 54.1
Profitability
Quarterly · %
Gross margin 13.3% Operating margin -2.1% Net margin 1.5%
2013Q1 2013Q2 2013Q3 2013Q4 2014Q1 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016Q2 2016Q3 2016Q4 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2018Q2 2018Q3 2018Q4 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4 2022Q1 2022Q2 2022Q3 2022Q4 2023Q1 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2

Gross, operating and net margin = the respective profit ÷ revenue.

Show table:Profitability
Item2013Q12013Q22013Q32013Q42014Q12014Q22014Q32014Q42015Q12015Q22015Q32015Q42016Q12016Q22016Q32016Q42017Q12017Q22017Q32017Q42018Q12018Q22018Q32018Q42019Q12019Q22019Q32019Q42020Q12020Q22020Q32020Q42021Q12021Q22021Q32021Q42022Q12022Q22022Q32022Q42023Q12023Q22023Q32023Q42024Q12024Q22024Q32024Q42025Q12025Q22025Q32025Q42026Q12026Q2
Gross margin-3.6%7.0%-1.1%5.7%-16.3%-7.3%-24.2%-103.2%-16.1%-55.3%-43.0%-45.8%-15.2%-31.2%-24.9%-29.0%-10.0%9.9%-4.1%-8.8%-2.3%-4.0%-13.9%-25.0%-20.9%-7.0%-0.7%1.3%12.9%23.1%19.8%24.0%28.3%24.4%26.2%20.1%12.6%17.6%2.2%-25.3%-9.0%9.4%15.2%32.4%21.2%25.0%23.4%16.4%-0.2%10.4%1.3%9.8%12.5%13.3%
Operating margin-22.7%-9.8%-20.0%-16.5%-43.1%-27.9%-47.7%-165.1%-31.2%-81.6%-67.5%-76.0%-34.3%-51.0%-42.2%-54.7%-28.0%-3.2%-21.9%-31.5%-17.9%-19.0%-30.8%-50.3%-41.8%-22.1%-13.8%-10.4%0.1%12.8%11.5%14.3%19.6%13.2%14.8%8.2%-1.7%3.2%-15.4%-50.1%-29.8%-7.4%-0.3%20.7%7.9%10.3%10.7%1.3%-19.4%-5.3%-16.6%-6.2%-3.6%-2.1%
Net margin-17.8%-3.9%-15.4%-8.3%-40.7%-24.7%-45.0%-166.9%-25.1%-75.0%-61.8%-72.5%1.3%-49.0%-40.5%-53.7%-26.4%-3.0%-21.5%-27.4%-20.0%-14.9%-31.2%-49.3%-40.3%-18.6%-9.9%-9.3%4.6%13.9%12.1%15.1%21.0%14.4%16.8%10.1%3.3%9.1%-6.5%-47.8%-27.0%-2.3%6.0%19.9%14.2%14.8%11.3%9.1%-13.5%-16.3%-8.0%0.0%2.2%1.5%
Returns & leverage
Quarterly · %
ROE -0.7% ROA -0.5% Debt ratio 20.2%
2013Q1 2013Q2 2013Q3 2013Q4 2014Q1 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016Q2 2016Q3 2016Q4 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2018Q2 2018Q3 2018Q4 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4 2022Q1 2022Q2 2022Q3 2022Q4 2023Q1 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table:Returns & leverage
Item2013Q12013Q22013Q32013Q42014Q12014Q22014Q32014Q42015Q12015Q22015Q32015Q42016Q12016Q22016Q32016Q42017Q12017Q22017Q32017Q42018Q12018Q22018Q32018Q42019Q12019Q22019Q32019Q42020Q12020Q22020Q32020Q42021Q12021Q22021Q32021Q42022Q12022Q22022Q32022Q42023Q12023Q22023Q32023Q42024Q12024Q22024Q32024Q42025Q12025Q22025Q32025Q42026Q12026Q2
ROE-2.1%-2.9%-4.1%-5.5%-12.2%-11.6%-13.6%-14.4%-11.4%-10.3%-9.7%-9.5%-9.5%-11.7%-9.2%-8.4%-7.0%-6.6%-7.7%-8.8%-10.6%-12.4%-13.0%-11.3%-8.2%-3.9%0.6%4.6%9.0%12.6%12.9%13.1%11.7%7.9%6.5%2.6%-3.4%-6.8%-8.4%-6.7%1.6%7.0%9.8%10.9%8.4%4.2%-1.2%-4.6%-6.0%-3.8%-0.7%
ROA-2.0%-2.8%-3.8%-5.3%-11.6%-11.2%-13.1%-13.9%-10.6%-9.9%-9.3%-9.0%-8.7%-11.0%-8.6%-7.9%-6.3%-6.1%-7.1%-8.1%-9.7%-10.7%-11.2%-9.8%-7.1%-3.1%0.5%3.7%7.0%9.9%10.1%10.3%9.0%6.3%5.1%2.1%-2.7%-5.5%-6.8%-5.5%1.4%5.8%8.1%9.1%6.9%3.5%-1.0%-3.8%-4.8%-3.2%-0.5%
Debt ratio3.9%12.2%3.4%2.8%3.6%3.6%2.9%6.7%3.1%3.9%4.4%7.2%4.5%4.8%5.0%10.3%8.3%7.8%7.3%8.5%8.2%8.3%7.3%7.8%19.3%20.0%18.9%18.9%21.3%20.2%21.1%23.9%20.9%22.4%21.5%21.7%19.7%18.8%17.4%18.7%17.6%18.6%18.0%17.2%16.7%17.1%16.1%18.9%16.4%16.8%18.0%21.0%16.6%20.2%
EPS
Quarterly · NT$
EPS NT$0.02
2013Q1 2013Q2 2013Q3 2013Q4 2014Q1 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016Q2 2016Q3 2016Q4 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2018Q2 2018Q3 2018Q4 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4 2022Q1 2022Q2 2022Q3 2022Q4 2023Q1 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1 2026Q2
Show table:EPS
Item2013Q12013Q22013Q32013Q42014Q12014Q22014Q32014Q42015Q12015Q22015Q32015Q42016Q12016Q22016Q32016Q42017Q12017Q22017Q32017Q42018Q12018Q22018Q32018Q42019Q12019Q22019Q32019Q42020Q12020Q22020Q32020Q42021Q12021Q22021Q32021Q42022Q12022Q22022Q32022Q42023Q12023Q22023Q32023Q42024Q12024Q22024Q32024Q42025Q12025Q22025Q32025Q42026Q12026Q2
EPS(NT$)-0.07-0.02-0.08-0.04-0.18-0.12-0.21-0.67-0.10-0.30-0.25-0.330.01-0.23-0.21-0.31-0.15-0.03-0.14-0.17-0.12-0.09-0.20-0.28-0.22-0.12-0.07-0.070.040.130.170.190.270.170.200.120.030.09-0.06-0.29-0.18-0.020.060.250.150.170.130.10-0.12-0.19-0.080.000.020.02

Source: Taiwan MOPS financial statements

VATE annual reports

EnglishChinese
2025 (ROC 114) PDF
2024 (ROC 113) PDF PDF

About VATE filings

Where can I download VATE (5344) annual reports?

Every financial year in the table above links straight to the PDF filed with the Market Observation Post System (MOPS), Taiwan's statutory disclosure platform. 2 years are available in English, within a range covering 2024 to 2025.

Why are some years Chinese only?

Filing an English annual report is only mandatory for larger Taiwanese issuers; smaller companies and those on the Emerging Stock Board file in Chinese. Where no English edition exists this site links the Chinese PDF rather than leaving the year blank, so you can still reach the document.

What is an investor conference (法人說明會)?

It is the Taiwanese equivalent of an earnings call or analyst briefing. Listed companies present quarterly results and outlook, and file the presentation deck with MOPS — usually in both Chinese and English. Many also publish a webcast recording.

How does Taiwan's reporting calendar work?

Taiwanese issuers file quarterly financial reports plus an annual report, and publish monthly revenue figures — a disclosure cadence that is more frequent than Hong Kong or Singapore. Financial years are numbered using the ROC calendar (ROC 114 = 2025); this site shows both.

Source: Market Observation Post System (MOPS), Taiwan. All PDF links point to the original files; nothing is re-hosted here.
Browse all Taiwan listed companies, or read this page in Chinese — the Chinese edition also carries the letter to shareholders and the revenue breakdown.