Income Statement Greatek Electronics Inc.

Stocks

2441

TW0002441003

Semiconductors

End-of-day quote Taiwan S.E. 2026-10-06			5-day change	1st Jan Change
126.50 ^TWD	+2.02%		+3.69%	+42.13%

09-07	Greatek Electronics Buys Testing Equipment for NT$515 Million	MT
07-31	Greatek Electronics Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI

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Published financial data: GREATEK ELECTRONICS INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (TWD)	2022 (TWD)	2023 (TWD)	2024 (TWD)	2025 (TWD)
Revenues	19.46B	15.95B	13.57B	15.21B	16.76B
Total Revenues	19.46B	15.95B	13.57B	15.21B	16.76B
Cost of Goods Sold, Total	13.19B	11.72B	10.74B	11.86B	13.38B
Gross Profit	6.27B	4.23B	2.83B	3.36B	3.39B
Selling General & Admin Expenses, Total	387M	336M	299M	338M	353M
Provision for Bad Debts	-51.04M	-	-	-	-
R&D Expenses	287M	252M	248M	289M	321M
Other Operating Expenses, Total	623M	588M	546M	627M	674M
Operating Income	5.65B	3.64B	2.28B	2.73B	2.71B
Interest Expense, Total	-151K	-775K	-1.03M	-901K	-817K
Interest And Investment Income	60.85M	112M	156M	187M	266M
Net Interest Expenses	60.7M	112M	155M	186M	266M
Currency Exchange Gains (Loss)	-34.64M	256M	31.04M	145M	-76.59M
Other Non Operating Income (Expenses)	76.53M	17.1M	40.53M	39.88M	76.74M
EBT, Excl. Unusual Items	5.75B	4.03B	2.51B	3.1B	2.98B
Gain (Loss) On Sale Of Investments	-	-	-	-	-
EBT, Incl. Unusual Items	5.75B	4.03B	2.51B	3.1B	2.98B
Income Tax Expense	1.15B	869M	514M	605M	529M
Earnings From Continuing Operations	4.6B	3.16B	2B	2.5B	2.45B
Net Income to Company	4.6B	3.16B	2B	2.5B	2.45B
Minority Interest	-	186K	506K	460K	345K
Net Income - (IS)	4.6B	3.16B	2B	2.5B	2.45B
Net Income to Common Incl Extra Items	4.6B	3.16B	2B	2.5B	2.45B
Net Income to Common Excl. Extra Items	4.6B	3.16B	2B	2.5B	2.45B
Per Share Items
Net EPS - Basic	8.09	5.55	3.51	4.39	4.31
Basic EPS - Continuing Operations	8.09	5.55	3.51	4.39	4.31
Basic Weighted Average Shares Outstanding	569M	569M	569M	569M	569M
Net EPS - Diluted	7.97	5.44	3.47	4.34	4.27
Diluted EPS - Continuing Operations	7.97	5.44	3.47	4.34	4.27
Diluted Weighted Average Shares Outstanding	578M	580M	575M	575M	573M
Normalized Basic EPS	6.32	4.42	2.76	3.41	3.27
Normalized Diluted EPS	6.22	4.34	2.73	3.37	3.25
Dividend Per Share	5	3.7	2.5	3	3
Payout Ratio	38.31	90.06	105.39	56.97	69.68
Supplemental Items
EBITDA	8.54B	6.72B	5.37B	5.66B	5.65B
EBITA	5.65B	3.64B	2.29B	2.73B	2.72B
EBIT	5.65B	3.64B	2.28B	2.73B	2.71B
Effective Tax Rate - (Ratio)	19.95	21.58	20.48	19.51	17.75
Total Current Taxes	1.13B	853M	526M	591M	535M
Total Deferred Taxes	14.48M	16.19M	-11.76M	14.21M	-5.93M
Normalized Net Income	3.59B	2.52B	1.57B	1.94B	1.86B
Non-Cash Pension Expense	1.03M	1.76M	-76.65M	326K	-50K
Supplemental Operating Expense Items
Selling and Marketing Expenses	73.66M	66.31M	53.07M	64.72M	66.14M
General and Administrative Expenses	313M	269M	246M	273M	287M
Research And Development Expense From Footnotes	287M	252M	248M	289M	321M

Fiscal Period: December	2021 (TWD)	2022 (TWD)	2023 (TWD)	2024 (TWD)	2025 (TWD)
Assets
Cash And Equivalents	4.05B	3.84B	4.73B	6.62B	5.9B
Short Term Investments	400M	50M	50M	-	-
Trading Asset Securities, Total	80.94M	29.22M	1.98M	-	29K
Total Cash And Short Term Investments	4.53B	3.91B	4.78B	6.62B	5.9B
Accounts Receivable, Total	5.24B	3.1B	3.55B	4.06B	4.56B
Other Receivables	163M	166M	76.55M	60.25M	96.98M
Total Receivables	5.41B	3.26B	3.62B	4.12B	4.66B
Inventory	1.4B	1.46B	1.04B	846M	887M
Prepaid Expenses	-	-	-	12.38M	10.56M
Other Current Assets, Total	19.42M	21.3M	24.46M	8.79M	18.46M
Total Current Assets	11.35B	8.66B	9.47B	11.6B	11.47B
Gross Property Plant And Equipment	29.11B	30.71B	26.99B	24.36B	25.35B
Accumulated Depreciation	-15.23B	-16.15B	-13.83B	-11.99B	-13.08B
Net Property Plant And Equipment	13.88B	14.56B	13.15B	12.37B	12.26B
Long-term Investments	1.08B	985M	1.66B	1.89B	4.06B
Goodwill	-	17.9M	17.9M	17.9M	17.9M
Other Intangibles, Total	53.47M	79.72M	63.34M	59.98M	67.66M
Deferred Tax Assets Long-Term	25.04M	2.81M	14.81M	5.61M	12.67M
Other Long-Term Assets, Total	116M	128M	127M	129M	133M
Total Assets	26.51B	24.43B	24.51B	26.07B	28.03B
Liabilities
Accounts Payable, Total	1.39B	413M	651M	742M	967M
Accrued Expenses, Total	1.86B	1.61B	1.43B	1.64B	1.6B
Current Portion of Leases	1.25M	8.49M	8.55M	12.18M	12.67M
Current Income Taxes Payable	803M	248M	82.06M	432M	316M
Unearned Revenue Current, Total	165M	200M	113M	141M	255M
Other Current Liabilities	1.19B	451M	356M	416M	435M
Total Current Liabilities	5.41B	2.93B	2.64B	3.38B	3.59B
Long-Term Leases	7.06M	39.11M	30.55M	28.36M	15.69M
Pension & Other Post Retirement Benefits	251M	211M	29.6M	-	-
Deferred Tax Liability Non Current	6.19M	11.52M	10.17M	13.61M	13.46M
Other Non Current Liabilities	16K	335M	265M	268M	257M
Total Liabilities	5.68B	3.52B	2.98B	3.69B	3.87B
Common Stock, Total	5.69B	5.69B	5.69B	5.69B	5.69B
Additional Paid In Capital	2.28M	2.28M	2.54M	2.67M	2.78M
Retained Earnings	15.09B	15.37B	15.27B	16.35B	17.09B
Comprehensive Income and Other	44.48M	-158M	571M	343M	1.37B
Total Common Equity	20.83B	20.91B	21.53B	22.38B	24.15B
Minority Interest	-	3.14M	2.64M	2.18M	1.83M
Total Equity	20.83B	20.91B	21.53B	22.38B	24.15B
Total Liabilities And Equity	26.51B	24.43B	24.51B	26.07B	28.03B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	569M	569M	569M	569M	569M
ECS Total Common Shares Outstanding	569M	569M	569M	569M	569M
Book Value / Share	36.62	36.75	37.85	39.35	42.46
Tangible Book Value	20.78B	20.81B	21.45B	22.3B	24.07B
Tangible Book Value Per Share	36.52	36.58	37.71	39.21	42.31
Total Debt	8.31M	47.6M	39.11M	40.54M	28.36M
Net Debt	-4.52B	-3.87B	-4.74B	-6.57B	-5.87B
Debt Equivalent of Unfunded Proj. Benefit Obligation	251M	211M	29.6M	-3.29M	-6.98M
Minority Interest, Total (Incl. Fin. Div)	-	3.14M	2.64M	2.18M	1.83M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	1.17B	1.29B	890M	684M	696M
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	-	-	-	-	-
Inventories - Others	193M	135M	116M	118M	146M
Land - (BS)	1.88B	1.98B	1.98B	1.98B	2.15B
Buildings, Total	3.97B	4.82B	6.64B	7.56B	7.64B
Machinery, Total	21.5B	21.63B	17.29B	14.52B	15.3B
Full Time Employees	4.21K	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	60.17M	60.5M	60.5M	60.5M	60.5M

Fiscal Period: December	2021 (TWD)	2022 (TWD)	2023 (TWD)	2024 (TWD)	2025 (TWD)
Net Income	4.6B	3.16B	2B	2.5B	2.45B
Depreciation & Amortization - CF	2.9B	3.08B	3.09B	2.94B	2.95B
Amortization of Goodwill and Intangible Assets - (CF)	-	1.04M	4.14M	4.14M	4.14M
Depreciation & Amortization, Total	2.9B	3.08B	3.1B	2.94B	2.95B
Amortization of Deferred Charges, Total - (CF)	28.34M	25.59M	16.41M	12.94M	13.68M
(Gain) Loss From Sale Of Asset	-819K	-729K	248K	-2.08M	-869K
(Gain) Loss on Sale of Investments - (CF)	-22.14M	20.73M	-3.43M	2.97M	599K
Provision and Write-off of Bad Debts	-51.04M	-	-	-	-
Other Operating Activities, Total	361M	-584M	-245M	147M	-247M
Change in Trading Asset Securities	70.49M	31.25M	30.43M	-	-
Change In Accounts Receivable	-980M	2.06B	-524M	-367M	-512M
Change In Inventories	-612M	-133M	419M	204M	-39.93M
Change In Accounts Payable	433M	-995M	248M	81.66M	226M
Change in Unearned Revenues	108M	35.38M	-87.52M	28.64M	113M
Change in Other Net Operating Assets	577M	-315M	-427M	181M	-65.74M
Cash from Operations	7.41B	6.39B	4.52B	5.73B	4.89B
Capital Expenditure	-5.42B	-4.39B	-1.59B	-2.12B	-2.82B
Sale of Property, Plant, and Equipment	1.08M	1.04M	10K	2.51M	869K
Cash Acquisitions	-	-127M	-	-	-
Sale (Purchase) of Intangible assets	-18.77M	-11.5M	-4.17M	-9.4M	-23.46M
Investment in Marketable and Equity Securities, Total	-98.04M	240M	50M	-400M	-1.15B
Other Investing Activities, Total	14.29M	65.13M	83.04M	83.95M	142M
Cash from Investing	-5.52B	-4.23B	-1.46B	-2.44B	-3.85B
Long-Term Debt Repaid, Total	-1.23M	-2.82M	-8.49M	-9.67M	-12.18M
Total Debt Repaid	-1.23M	-2.82M	-8.49M	-9.67M	-12.18M
Common Dividends Paid	-1.76B	-2.84B	-2.1B	-1.42B	-1.71B
Common & Preferred Stock Dividends Paid	-1.76B	-2.84B	-2.1B	-1.42B	-1.71B
Other Financing Activities, Total	128K	390M	-66.6M	-13.32M	109K
Cash from Financing	-1.76B	-2.46B	-2.18B	-1.45B	-1.72B
Foreign Exchange Rate Adjustments	-17.16M	83.28M	13.36M	43.9M	-33.25M
Net Change in Cash	112M	-212M	892M	1.89B	-714M
Supplemental Items
Cash Interest Paid	151K	775K	1.03M	901K	817K
Cash Income Tax Paid (Refund)	778M	1.41B	694M	243M	651M
Levered Free Cash Flow	1.42B	570M	2.71B	2.97B	1.44B
Unlevered Free Cash Flow	1.42B	571M	2.71B	2.97B	1.44B
Change In Net Working Capital	-403M	408M	233M	-437M	378M
Net Debt Issued / Repaid	-1.23M	-2.82M	-8.49M	-9.67M	-12.18M

Fiscal Period: December	2021 (TWD)	2022 (TWD)	2023 (TWD)	2024 (TWD)	2025 (TWD)
Profitability
Return on Assets	14.69	8.94	5.83	6.75	6.27
Return on Total Capital	18.17	10.89	6.71	7.76	7.27
Return On Equity %	23.71	15.13	9.41	11.37	10.52
Return on Common Equity	23.71	15.13	9.41	11.37	10.53
Margin Analysis
Gross Profit Margin %	32.22	26.52	20.85	22.07	20.2
SG&A Margin	1.99	2.1	2.2	2.22	2.11
EBITDA Margin %	43.91	42.14	39.59	37.24	33.71
EBITA Margin %	29.02	22.84	16.86	17.98	16.2
EBIT Margin %	29.02	22.84	16.83	17.95	16.17
Income From Continuing Operations Margin %	23.65	19.8	14.71	16.41	14.61
Net Income Margin %	23.65	19.8	14.72	16.41	14.61
Net Avail. For Common Margin %	23.65	19.8	14.72	16.41	14.61
Normalized Net Income Margin	18.47	15.78	11.57	12.74	11.1
Levered Free Cash Flow Margin	7.31	3.58	19.99	19.55	8.56
Unlevered Free Cash Flow Margin	7.31	3.58	19.99	19.55	8.56
Asset Turnover
Asset Turnover	0.81	0.63	0.55	0.6	0.62
Fixed Assets Turnover	1.58	1.12	0.98	1.19	1.36
Receivables Turnover (Average Receivables)	4.14	3.83	4.08	4	3.9
Inventory Turnover (Average Inventory)	11.94	8.21	8.58	12.54	15.84
Short Term Liquidity
Current Ratio	2.1	2.96	3.58	3.43	3.2
Quick Ratio	1.84	2.45	3.18	3.18	2.94
Operating Cash Flow to Current Liabilities	1.37	2.18	1.71	1.7	1.36
Days Sales Outstanding (Average Receivables)	88.27	95.42	89.36	91.52	93.7
Days Outstanding Inventory (Average Inventory)	30.56	44.46	42.52	29.17	23.05
Average Days Payable Outstanding	31.18	27.99	18.81	21.87	23.16
Cash Conversion Cycle (Average Days)	87.64	111.89	113.07	98.82	93.59
Long Term Solvency
Total Debt/Equity	0.04	0.23	0.18	0.18	0.12
Total Debt / Total Capital	0.04	0.23	0.18	0.18	0.12
LT Debt/Equity	0.03	0.19	0.14	0.13	0.06
Long-Term Debt / Total Capital	0.03	0.19	0.14	0.13	0.06
Total Liabilities / Total Assets	21.41	14.42	12.16	14.14	13.82
EBIT / Interest Expense	37.4K	4.7K	2.22K	3.03K	3.32K
EBITDA / Interest Expense	56.6K	8.68K	5.24K	6.3K	6.93K
(EBITDA - Capex) / Interest Expense	20.71K	3.01K	3.69K	3.95K	3.48K
Total Debt / EBITDA	0	0.01	0.01	0.01	0.01
Net Debt / EBITDA	-0.53	-0.58	-0.88	-1.16	-1.04
Total Debt / (EBITDA - Capex)	0	0.02	0.01	0.01	0.01
Net Debt / (EBITDA - Capex)	-1.45	-1.66	-1.25	-1.85	-2.07
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	32.37	-18.04	-14.92	12.11	10.19
Gross Profit, 1 Yr. Growth %	64.57	-32.53	-33.1	18.64	0.84
EBITDA, 1 Yr. Growth %	46.14	-21.35	-20.07	5.45	-0.24
EBITA, 1 Yr. Growth %	73.97	-35.48	-37.21	19.52	-0.69
EBIT, 1 Yr. Growth %	73.97	-35.49	-37.3	19.56	-0.69
Earnings From Cont. Operations, 1 Yr. Growth %	72.89	-31.39	-36.78	25	-1.89
Net Income, 1 Yr. Growth %	72.89	-31.39	-36.76	24.99	-1.89
Normalized Net Income, 1 Yr. Growth %	74.06	-29.96	-37.64	23.49	-3.99
Diluted EPS Before Extra, 1 Yr. Growth %	72.51	-31.74	-36.21	25.07	-1.61
Accounts Receivable, 1 Yr. Growth %	25.72	-40.93	14.54	14.28	12.69
Inventory, 1 Yr. Growth %	73.27	4.39	-28.38	-19.02	10.64
Net Property, Plant and Equip., 1 Yr. Growth %	28.42	4.91	-9.68	-5.93	-0.89
Total Assets, 1 Yr. Growth %	23.1	-7.82	0.33	6.36	7.51
Tangible Book Value, 1 Yr. Growth %	15.85	0.15	3.08	3.98	7.91
Common Equity, 1 Yr. Growth %	15.74	0.36	2.99	3.95	7.91
Cash From Operations, 1 Yr. Growth %	45.69	-13.85	-29.22	26.72	-14.67
Capital Expenditures, 1 Yr. Growth %	59.87	-18.94	-63.78	33.1	33.3
Levered Free Cash Flow, 1 Yr. Growth %	30.57	-59.91	375.61	9.64	-51.73
Unlevered Free Cash Flow, 1 Yr. Growth %	30.56	-59.88	375.32	9.63	-51.72
Dividend Per Share, 1 Yr. Growth %	61.29	-26	-32.43	20	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	27.19	4.16	-16.5	-2.34	11.15
Gross Profit, 2 Yr. CAGR %	49.66	5.38	-32.82	-10.91	9.38
EBITDA, 2 Yr. CAGR %	33.66	7.21	-20.71	-8.19	2.57
EBITA, 2 Yr. CAGR %	55.37	5.95	-36.35	-13.37	8.95
EBIT, 2 Yr. CAGR %	55.37	5.93	-36.41	-13.42	8.96
Earnings From Cont. Operations, 2 Yr. CAGR %	55.81	8.91	-34.14	-11.1	10.74
Net Income, 2 Yr. CAGR %	55.81	8.92	-34.13	-11.09	10.74
Normalized Net Income, 2 Yr. CAGR %	54.88	10.42	-33.91	-12.24	8.89
Diluted EPS Before Extra, 2 Yr. CAGR %	55.64	8.51	-34.02	-10.68	10.93
Accounts Receivable, 2 Yr. CAGR %	20.54	-13.82	-17.74	14.46	13.33
Inventory, 2 Yr. CAGR %	57.83	34.31	-13.53	-23.84	-7.82
Net Property, Plant and Equip., 2 Yr. CAGR %	17.43	16.07	-2.66	-7.82	-3.44
Total Assets, 2 Yr. CAGR %	16.54	6.52	-3.83	3.3	6.93
Tangible Book Value, 2 Yr. CAGR %	11.96	7.72	1.61	3.53	5.93
Common Equity, 2 Yr. CAGR %	11.83	7.78	1.67	3.47	5.91
Cash From Operations, 2 Yr. CAGR %	33.49	12.03	-21.91	-5.29	3.98
Capital Expenditures, 2 Yr. CAGR %	60.96	13.84	-45.82	-30.57	33.2
Levered Free Cash Flow, 2 Yr. CAGR %	-12.6	-27.65	38.09	128.35	-27.26
Unlevered Free Cash Flow, 2 Yr. CAGR %	-12.6	-27.62	38.1	128.28	-27.25
Dividend Per Share, 2 Yr. CAGR %	47.44	9.25	-29.29	-9.96	9.54
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	16.35	9.86	-2.63	-7.88	1.67
Gross Profit, 3 Yr. CAGR %	24.38	14.76	-9.43	-18.79	-7.16
EBITDA, 3 Yr. CAGR %	19.05	12.01	-2.79	-12.8	-5.61
EBITA, 3 Yr. CAGR %	26.08	15.92	-11.01	-21.47	-9.33
EBIT, 3 Yr. CAGR %	26.08	15.91	-11.06	-21.51	-9.37
Earnings From Cont. Operations, 3 Yr. CAGR %	24.67	18.54	-9.15	-18.46	-8.13
Net Income, 3 Yr. CAGR %	24.67	18.54	-9.14	-18.45	-8.13
Normalized Net Income, 3 Yr. CAGR %	25.4	18.88	-8.73	-18.6	-9.57
Diluted EPS Before Extra, 3 Yr. CAGR %	24.7	18.25	-9.1	-18.34	-7.76
Accounts Receivable, 3 Yr. CAGR %	15.87	-4.97	-5.25	-8.19	13.77
Inventory, 3 Yr. CAGR %	33.21	37.39	8.91	-15.4	-15.26
Net Property, Plant and Equip., 3 Yr. CAGR %	10.96	13.1	6.76	-3.76	-5.57
Total Assets, 3 Yr. CAGR %	12.08	7.78	4.42	-0.55	4.68
Tangible Book Value, 3 Yr. CAGR %	8.8	7.88	6.15	2.39	4.97
Common Equity, 3 Yr. CAGR %	8.7	7.87	6.16	2.42	4.93
Cash From Operations, 3 Yr. CAGR %	17.78	15.35	-3.87	-8.24	-8.53
Capital Expenditures, 3 Yr. CAGR %	20.65	28.06	-22.29	-26.89	-13.71
Levered Free Cash Flow, 3 Yr. CAGR %	25.91	-32.59	35.53	27.86	36.03
Unlevered Free Cash Flow, 3 Yr. CAGR %	25.91	-32.58	35.54	27.87	36
Dividend Per Share, 3 Yr. CAGR %	22.8	17.17	-6.92	-15.66	-6.75
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	12.98	5.94	1.89	4.81	2.66
Gross Profit, 5 Yr. CAGR %	16.31	4.16	-2.78	3.7	-2.33
EBITDA, 5 Yr. CAGR %	15	6.45	1.19	3.44	-0.68
EBITA, 5 Yr. CAGR %	17.75	4.08	-4.08	3.17	-3.51
EBIT, 5 Yr. CAGR %	17.75	4.07	-4.12	3.14	-3.53
Earnings From Cont. Operations, 5 Yr. CAGR %	15.51	4.71	-3.42	5.65	-1.66
Net Income, 5 Yr. CAGR %	15.51	4.71	-3.41	5.66	-1.66
Normalized Net Income, 5 Yr. CAGR %	17.85	6.36	-2.94	5.29	-2.05
Diluted EPS Before Extra, 5 Yr. CAGR %	15.54	4.57	-3.33	5.7	-1.56
Accounts Receivable, 5 Yr. CAGR %	13.69	1.17	1.03	2.37	1.81
Inventory, 5 Yr. CAGR %	11.21	10.61	12	8.51	1.88
Net Property, Plant and Equip., 5 Yr. CAGR %	10.7	9.27	5.3	4.21	2.56
Total Assets, 5 Yr. CAGR %	8.82	6.14	5.42	5.96	5.42
Tangible Book Value, 5 Yr. CAGR %	7.34	6.14	5.86	6.12	6.06
Common Equity, 5 Yr. CAGR %	7.36	6.13	5.83	6.09	6.06
Cash From Operations, 5 Yr. CAGR %	14.04	7.48	-0.08	6.6	-0.8
Capital Expenditures, 5 Yr. CAGR %	13.6	6.3	-12.41	0.25	-3.59
Levered Free Cash Flow, 5 Yr. CAGR %	20.48	20.93	30.64	9.81	5.67
Unlevered Free Cash Flow, 5 Yr. CAGR %	20.48	20.95	30.65	9.82	5.67
Dividend Per Share, 5 Yr. CAGR %	12.7	4.28	-1.53	5.46	-0.65