Income Statement Top Union Electronics Corp.

Stocks

6266

TW0006266000

Household Electronics

End-of-day quote Taipei Exchange 2026-08-19			5-day change	1st Jan Change
25.00 ^TWD	+0.40%		0.00%	-13.79%

08-07	Top Union Electronics Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
05-08	Top Union Electronics Corp. Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: TOP UNION ELECTRONICS CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	2.55B	3.29B	3.66B	3.27B	3.4B
Total Revenues	2.55B	3.29B	3.66B	3.27B	3.4B
Cost of Goods Sold, Total	2.18B	2.71B	3.11B	2.65B	2.83B
Gross Profit	365M	589M	550M	618M	575M
Selling General & Admin Expenses, Total	139M	179M	188M	190M	175M
Provision for Bad Debts	3.42M	-	-4.58M	-	-
R&D Expenses	19.22M	21.68M	22.77M	25.4M	28.71M
Other Operating Expenses, Total	161M	200M	206M	216M	204M
Operating Income	204M	389M	344M	402M	372M
Interest Expense, Total	-3.06M	-5.8M	-2.59M	-2.26M	-1.66M
Interest And Investment Income	6.1M	8.7M	32.38M	32.72M	26.31M
Net Interest Expenses	3.04M	2.9M	29.8M	30.47M	24.64M
Currency Exchange Gains (Loss)	-9.09M	26.13M	2.73M	41.61M	-9.29M
Other Non Operating Income (Expenses)	3.68M	8.77M	3.21M	5.94M	2.45M
EBT, Excl. Unusual Items	201M	427M	379M	480M	389M
Gain (Loss) On Sale Of Assets	4.01M	832K	8.32M	463K	2.73M
EBT, Incl. Unusual Items	205M	428M	388M	480M	392M
Income Tax Expense	42.86M	98.22M	90.83M	99.74M	84.68M
Earnings From Continuing Operations	163M	329M	297M	381M	307M
Net Income to Company	163M	329M	297M	381M	307M
Net Income - (IS)	163M	329M	297M	381M	307M
Net Income to Common Incl Extra Items	163M	329M	297M	381M	307M
Net Income to Common Excl. Extra Items	163M	329M	297M	381M	307M
Per Share Items
Net EPS - Basic	1.19	2.41	1.93	2.48	2
Basic EPS - Continuing Operations	1.19	2.41	1.93	2.48	2
Basic Weighted Average Shares Outstanding	136M	137M	154M	154M	154M
Net EPS - Diluted	1.19	2.39	1.92	2.46	1.99
Diluted EPS - Continuing Operations	1.19	2.39	1.92	2.46	1.99
Diluted Weighted Average Shares Outstanding	137M	138M	155M	155M	155M
Normalized Basic EPS	0.92	1.95	1.54	1.95	1.58
Normalized Diluted EPS	0.92	1.93	1.53	1.94	1.57
Dividend Per Share	0.52	0.96	1.32	1.68	1.78
Payout Ratio	63.01	21.44	49.91	53.39	84.18
Supplemental Items
EBITDA	289M	486M	446M	503M	466M
EBITA	204M	389M	344M	402M	372M
EBIT	204M	389M	344M	402M	372M
EBITDAR	292M	491M	452M	508M	469M
Effective Tax Rate - (Ratio)	20.87	22.97	23.44	20.76	21.59
Total Current Taxes	39.52M	85.58M	89.96M	97.37M	88.46M
Total Deferred Taxes	3.34M	12.64M	870K	2.36M	-3.77M
Normalized Net Income	126M	267M	237M	300M	243M
Interest on Long-Term Debt	709K	822K	1.45M	1.24M	601K
Non-Cash Pension Expense	123K	150K	5.96M	2.33M	4.7M
Supplemental Operating Expense Items
Selling and Marketing Expenses	37.96M	45.66M	50.12M	53.15M	50.52M
General and Administrative Expenses	101M	133M	138M	137M	125M
Research And Development Expense From Footnotes	19.22M	21.68M	22.77M	25.4M	28.71M
Net Rental Expense, Total	3.29M	5.55M	5.94M	4.83M	3.12M
Imputed Operating Lease Interest Expense	267K	1.01M	1.03M	827K	632K
Imputed Operating Lease Depreciation	3.02M	4.53M	4.91M	4M	2.49M
Stock-Based Comp., Other (Total)	-	7.7M	-	-	-
Total Stock-Based Compensation	-	7.7M	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	300M	693M	1B	635M	277M
Short Term Investments	-	-	180M	887M	1.05B
Total Cash And Short Term Investments	300M	693M	1.18B	1.52B	1.32B
Accounts Receivable, Total	555M	360M	393M	424M	493M
Other Receivables	23.67M	15.81M	61.9M	92.81M	121M
Total Receivables	578M	376M	455M	517M	614M
Inventory	1.2B	1.14B	733M	671M	620M
Other Current Assets, Total	124M	122M	112M	118M	88.78M
Total Current Assets	2.2B	2.33B	2.48B	2.83B	2.65B
Gross Property Plant And Equipment	1.53B	1.64B	1.69B	1.75B	1.79B
Accumulated Depreciation	-961M	-1.05B	-1.04B	-1.15B	-1.2B
Net Property Plant And Equipment	574M	591M	651M	600M	592M
Long-term Investments	174M	242M	187M	130M	296M
Other Intangibles, Total	1.65M	4.73M	3.09M	1M	18.65M
Deferred Tax Assets Long-Term	9.51M	7.94M	7.84M	6.03M	9.8M
Other Long-Term Assets, Total	10.12M	6.5M	5.53M	5.82M	6.81M
Total Assets	2.97B	3.19B	3.33B	3.57B	3.57B
Liabilities
Accounts Payable, Total	607M	492M	385M	454M	460M
Accrued Expenses, Total	83.26M	108M	107M	123M	111M
Short-term Borrowings	400M	58M	100M	30M	50M
Current Portion of Leases	7.61M	14.77M	15.4M	24.36M	10.09M
Current Income Taxes Payable	19.92M	50.68M	44.92M	57.24M	37.83M
Unearned Revenue Current, Total	102M	167M	151M	188M	151M
Other Current Liabilities	73.92M	57.64M	91.55M	77.55M	66.57M
Total Current Liabilities	1.29B	948M	895M	955M	886M
Long-Term Leases	4.7M	22.64M	28.3M	12.54M	4.12M
Pension & Other Post Retirement Benefits	29.36M	13.52M	8.81M	7.56M	15.42M
Deferred Tax Liability Non Current	5.2M	16.28M	17.05M	17.6M	17.6M
Other Non Current Liabilities	9.27M	31.45M	81.42M	73.77M	85.58M
Total Liabilities	1.34B	1.03B	1.03B	1.07B	1.01B
Common Stock, Total	1.02B	1.23B	1.38B	1.45B	1.54B
Additional Paid In Capital	138M	258M	258M	258M	263M
Retained Earnings	437M	626M	636M	750M	710M
Comprehensive Income and Other	29.47M	37.6M	26.36M	46.76M	47.87M
Total Common Equity	1.63B	2.16B	2.3B	2.5B	2.56B
Total Equity	1.63B	2.16B	2.3B	2.5B	2.56B
Total Liabilities And Equity	2.97B	3.19B	3.33B	3.57B	3.57B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	136M	154M	154M	154M	154M
ECS Total Common Shares Outstanding	136M	154M	154M	154M	154M
Book Value / Share	11.95	14.03	14.99	16.3	16.64
Tangible Book Value	1.63B	2.15B	2.3B	2.5B	2.54B
Tangible Book Value Per Share	11.94	14	14.97	16.3	16.52
Total Debt	412M	95.41M	144M	66.89M	64.2M
Net Debt	112M	-598M	-1.04B	-1.45B	-1.26B
Debt Equivalent of Unfunded Proj. Benefit Obligation	29.36M	13.52M	8.81M	7.56M	15.42M
Debt Equivalent Oper. Leases	26.32M	44.39M	47.48M	38.64M	24.94M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	1B	983M	634M	555M	532M
Inventories - Work In Process, Total	142M	132M	71.96M	84.73M	60.71M
Inventories - Finished Goods, Total	46.34M	28.14M	26.94M	31.47M	16M
Land - (BS)	80.11M	80.11M	80.11M	80.11M	80.11M
Buildings, Total	399M	399M	455M	455M	455M
Machinery, Total	1.01B	1.1B	1.09B	1.15B	1.22B
Accumulated Allowance for Doubtful Accounts (Supple)	6.58M	6.58M	2M	2M	2M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	163M	329M	297M	381M	307M
Depreciation & Amortization - CF	101M	116M	128M	125M	119M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	101M	116M	128M	125M	119M
Amortization of Deferred Charges, Total - (CF)	3.66M	3.2M	2.41M	2.09M	2.89M
(Gain) Loss From Sale Of Asset	-4.01M	-832K	-8.32M	-463K	-2.73M
Stock-Based Compensation (CF)	-	7.7M	-	-	-
Provision and Write-off of Bad Debts	3.42M	-	-4.58M	-	-
Other Operating Activities, Total	38.34M	47.87M	6.5M	-1.67M	795K
Change In Accounts Receivable	-201M	193M	-35.24M	-36.99M	-64.39M
Change In Inventories	-617M	41.85M	417M	76.8M	64M
Change In Accounts Payable	318M	-111M	-103M	63.08M	-344K
Change in Unearned Revenues	53.77M	64.89M	-15.92M	36.86M	-37.78M
Change in Other Net Operating Assets	-9.97M	37.32M	-2.52M	-17.82M	-59.74M
Cash from Operations	-152M	729M	680M	628M	329M
Capital Expenditure	-127M	-98.59M	-158M	-54.73M	-110M
Sale of Property, Plant, and Equipment	4.28M	989K	8.73M	592K	2.73M
Sale (Purchase) of Intangible assets	-257K	-6.26M	-774K	-	-20.54M
Investment in Marketable and Equity Securities, Total	8.66M	-65.84M	-142M	-637M	-286M
Other Investing Activities, Total	37K	-1.28M	-168K	188K	-282K
Cash from Investing	-114M	-171M	-292M	-691M	-414M
Short Term Debt Issued, Total	1.22B	1.05B	255M	195M	170M
Total Debt Issued	1.22B	1.05B	255M	195M	170M
Short Term Debt Repaid, Total	-979M	-1.39B	-213M	-265M	-150M
Long-Term Debt Repaid, Total	-15.49M	-18.99M	-23.92M	-23.52M	-25.02M
Total Debt Repaid	-994M	-1.41B	-237M	-289M	-175M
Issuance of Common Stock	-	252M	-	-	-
Common Dividends Paid	-102M	-70.63M	-148M	-203M	-259M
Common & Preferred Stock Dividends Paid	-102M	-70.63M	-148M	-203M	-259M
Other Financing Activities, Total	-	22.19M	49.97M	-7.65M	11.81M
Cash from Financing	120M	-157M	-80.06M	-304M	-252M
Foreign Exchange Rate Adjustments	-1.06M	-8.05M	-1.7M	2.72M	-20.55M
Net Change in Cash	-147M	393M	306M	-365M	-358M
Supplemental Items
Cash Interest Paid	2.99M	5.9M	2.56M	2.3M	1.66M
Cash Income Tax Paid (Refund)	21.58M	48.54M	96.11M	84.84M	108M
Levered Free Cash Flow	-300M	510M	431M	436M	132M
Unlevered Free Cash Flow	-298M	514M	433M	437M	133M
Change In Net Working Capital	403M	-248M	-247M	-113M	90.46M
Net Debt Issued / Repaid	223M	-361M	18.08M	-93.52M	-5.02M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	4.87	7.9	6.58	7.27	6.51
Return on Total Capital	6.69	11.33	9.14	10.01	8.94
Return On Equity %	10.14	17.41	13.31	15.83	12.14
Return on Common Equity	10.14	17.41	13.31	15.83	12.14
Margin Analysis
Gross Profit Margin %	14.32	17.89	15.03	18.89	16.92
SG&A Margin	5.43	5.42	5.14	5.82	5.15
EBITDA Margin %	11.33	14.74	12.19	15.38	13.71
EBITA Margin %	7.99	11.81	9.38	12.29	10.93
EBIT Margin %	7.99	11.81	9.38	12.29	10.93
Income From Continuing Operations Margin %	6.38	10	8.11	11.64	9.04
Net Income Margin %	6.38	10	8.11	11.64	9.04
Net Avail. For Common Margin %	6.38	10	8.11	11.64	9.04
Normalized Net Income Margin	4.94	8.1	6.48	9.17	7.16
Levered Free Cash Flow Margin	-11.77	15.48	11.77	13.33	3.88
Unlevered Free Cash Flow Margin	-11.69	15.59	11.82	13.38	3.91
Asset Turnover
Asset Turnover	0.98	1.07	1.12	0.95	0.95
Fixed Assets Turnover	4.57	5.65	5.89	5.23	5.71
Receivables Turnover (Average Receivables)	5.57	7.21	9.73	8.01	7.42
Inventory Turnover (Average Inventory)	2.44	2.31	3.31	3.78	4.38
Short Term Liquidity
Current Ratio	1.7	2.46	2.77	2.96	2.98
Quick Ratio	0.68	1.13	1.83	2.14	2.19
Operating Cash Flow to Current Liabilities	-0.12	0.77	0.76	0.66	0.37
Days Sales Outstanding (Average Receivables)	65.58	50.66	37.52	45.72	49.22
Days Outstanding Inventory (Average Inventory)	149.4	158.09	110.12	96.92	83.42
Average Days Payable Outstanding	58.58	75.64	59.26	59.28	60.16
Cash Conversion Cycle (Average Days)	156.4	133.11	88.38	83.36	72.47
Long Term Solvency
Total Debt/Equity	25.32	4.43	6.24	2.67	2.51
Total Debt / Total Capital	20.21	4.24	5.87	2.6	2.45
LT Debt/Equity	0.29	1.05	1.23	0.5	0.16
Long-Term Debt / Total Capital	0.23	1.01	1.16	0.49	0.16
Total Liabilities / Total Assets	45.19	32.37	30.92	29.85	28.27
EBIT / Interest Expense	66.59	67.08	132.79	178.2	223.74
EBITDA / Interest Expense	99.57	87.15	182.09	233.81	295.22
(EBITDA - Capex) / Interest Expense	58.21	70.15	121.04	209.54	229.12
Total Debt / EBITDA	1.35	0.19	0.31	0.13	0.13
Net Debt / EBITDA	0.37	-1.18	-2.2	-2.76	-2.57
Total Debt / (EBITDA - Capex)	2.31	0.23	0.46	0.14	0.17
Net Debt / (EBITDA - Capex)	0.63	-1.47	-3.31	-3.08	-3.31
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	15.23	29.25	11.1	-10.67	4
Gross Profit, 1 Yr. Growth %	2.27	61.48	-6.67	12.31	-6.84
EBITDA, 1 Yr. Growth %	-3.64	68.14	-8.13	12.69	-7.32
EBITA, 1 Yr. Growth %	-0.26	90.92	-11.7	16.98	-7.52
EBIT, 1 Yr. Growth %	-0.26	90.92	-11.7	16.98	-7.52
Earnings From Cont. Operations, 1 Yr. Growth %	11.14	102.68	-9.92	28.25	-19.2
Net Income, 1 Yr. Growth %	11.14	102.68	-9.92	28.25	-19.2
Normalized Net Income, 1 Yr. Growth %	2.82	111.94	-11.14	26.53	-18.84
Diluted EPS Before Extra, 1 Yr. Growth %	11.27	100.67	-9.74	28.57	-19.11
Accounts Receivable, 1 Yr. Growth %	53.59	-35.17	9.21	7.97	16.25
Inventory, 1 Yr. Growth %	103.5	-4.52	-35.88	-8.44	-7.65
Net Property, Plant and Equip., 1 Yr. Growth %	5.87	2.99	10.09	-7.85	-1.27
Total Assets, 1 Yr. Growth %	31.69	7.3	4.57	7.12	-0.05
Tangible Book Value, 1 Yr. Growth %	3.48	32.26	6.9	8.87	1.5
Common Equity, 1 Yr. Growth %	3.25	32.41	6.81	8.77	2.2
Cash From Operations, 1 Yr. Growth %	-166.77	-579.57	-6.73	-4.41	-47.61
Capital Expenditures, 1 Yr. Growth %	159.47	-22.1	60.2	-65.35	100.6
Levered Free Cash Flow, 1 Yr. Growth %	-525.73	-270.07	-15.52	1.16	-69.71
Unlevered Free Cash Flow, 1 Yr. Growth %	-513.32	-272.38	-15.8	1.11	-69.57
Dividend Per Share, 1 Yr. Growth %	-31.04	85.92	37.2	27.39	-0.28
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-8.75	22.04	19.83	-0.38	-3.61
Gross Profit, 2 Yr. CAGR %	-6.47	28.51	22.76	2.38	2.29
EBITDA, 2 Yr. CAGR %	-4.02	27.28	24.29	1.75	2.2
EBITA, 2 Yr. CAGR %	-6.71	38	29.84	1.63	4.01
EBIT, 2 Yr. CAGR %	-6.71	38	29.84	1.63	4.01
Earnings From Cont. Operations, 2 Yr. CAGR %	-3.29	50.09	35.12	7.48	1.8
Net Income, 2 Yr. CAGR %	-3.29	50.09	35.12	7.48	1.8
Normalized Net Income, 2 Yr. CAGR %	-8.69	47.62	37.23	6.03	1.33
Diluted EPS Before Extra, 2 Yr. CAGR %	-3.08	49.53	26.96	7.71	1.91
Accounts Receivable, 2 Yr. CAGR %	28.32	-0.21	-15.86	8.58	12.03
Inventory, 2 Yr. CAGR %	28.13	39.39	-21.79	-23.38	-8.05
Net Property, Plant and Equip., 2 Yr. CAGR %	0.71	4.42	6.48	0.72	-4.62
Total Assets, 2 Yr. CAGR %	11.54	18.87	5.93	5.84	3.47
Tangible Book Value, 2 Yr. CAGR %	2.01	16.99	18.9	7.88	5.12
Common Equity, 2 Yr. CAGR %	1.77	16.93	18.92	7.78	5.44
Cash From Operations, 2 Yr. CAGR %	-25.72	78.95	111.49	-7.21	-29.23
Capital Expenditures, 2 Yr. CAGR %	-7	42.17	11.71	-25.49	-16.62
Levered Free Cash Flow, 2 Yr. CAGR %	65.16	169.08	19.87	-7.55	-44.65
Unlevered Free Cash Flow, 2 Yr. CAGR %	62.42	166.92	20.48	-7.73	-44.53
Dividend Per Share, 2 Yr. CAGR %	-32.79	13.23	59.71	32.2	16.01
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-6.95	2.48	18.28	8.65	1.06
Gross Profit, 3 Yr. CAGR %	-8.91	12.2	15.51	19.18	-0.79
EBITDA, 3 Yr. CAGR %	-7.55	15.7	14.18	20.29	-1.37
EBITA, 3 Yr. CAGR %	-12.46	18.45	18.91	25.4	-1.51
EBIT, 3 Yr. CAGR %	-12.19	18.45	18.91	25.4	-1.51
Earnings From Cont. Operations, 3 Yr. CAGR %	-14.48	23.76	26.6	32.79	-2.27
Net Income, 3 Yr. CAGR %	-14.48	23.76	26.6	32.79	-2.27
Normalized Net Income, 3 Yr. CAGR %	-15.02	20.89	24.64	33.56	-3.01
Diluted EPS Before Extra, 3 Yr. CAGR %	-14.33	23.59	21.55	27.48	-2.14
Accounts Receivable, 3 Yr. CAGR %	10.35	2.2	2.83	-8.57	11.08
Inventory, 3 Yr. CAGR %	7.07	16.17	7.57	-17.57	-18.46
Net Property, Plant and Equip., 3 Yr. CAGR %	5.33	1.46	6.28	1.47	0.05
Total Assets, 3 Yr. CAGR %	4.51	10.11	13.9	6.32	3.84
Tangible Book Value, 3 Yr. CAGR %	1.43	11.23	13.52	15.46	5.71
Common Equity, 3 Yr. CAGR %	1.33	11.1	13.45	15.44	5.89
Cash From Operations, 3 Yr. CAGR %	3.34	38.32	44.01	60.43	-23.31
Capital Expenditures, 3 Yr. CAGR %	5.9	-12.33	47.94	-24.38	3.65
Levered Free Cash Flow, 3 Yr. CAGR %	105.17	66.78	82.89	13.28	-36.27
Unlevered Free Cash Flow, 3 Yr. CAGR %	105.4	65.67	81.71	13.64	-36.25
Dividend Per Share, 3 Yr. CAGR %	-23.46	-5.65	20.71	48.12	22.68
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	2.77	6.88	2.96	1.33	8.98
Gross Profit, 5 Yr. CAGR %	10.2	12.76	2.64	8.17	10.03
EBITDA, 5 Yr. CAGR %	9.63	15.21	4.06	9.9	9.23
EBITA, 5 Yr. CAGR %	16.34	18.1	2.49	11.41	12.71
EBIT, 5 Yr. CAGR %	17.58	18.53	2.68	11.41	12.71
Earnings From Cont. Operations, 5 Yr. CAGR %	17.01	22.35	2.69	16.97	16.03
Net Income, 5 Yr. CAGR %	17.01	22.35	2.69	16.97	16.03
Normalized Net Income, 5 Yr. CAGR %	15.29	22.29	2.94	14.71	14.74
Diluted EPS Before Extra, 5 Yr. CAGR %	17	22.27	0.29	14.28	13.27
Accounts Receivable, 5 Yr. CAGR %	19.15	0.26	-0.99	4.71	6.42
Inventory, 5 Yr. CAGR %	17.98	16.61	-5.57	-1.67	1.03
Net Property, Plant and Equip., 5 Yr. CAGR %	4.75	5.84	5.79	1.16	1.78
Total Assets, 5 Yr. CAGR %	7.51	8.17	5.08	8.38	9.61
Tangible Book Value, 5 Yr. CAGR %	3.39	8.52	8.09	9.88	10.08
Common Equity, 5 Yr. CAGR %	3.34	8.52	8.03	9.76	10.17
Cash From Operations, 5 Yr. CAGR %	1.19	63.46	37.62	17.9	7.63
Capital Expenditures, 5 Yr. CAGR %	20.03	5.76	8.19	-17.85	17.62
Levered Free Cash Flow, 5 Yr. CAGR %	29.71	59.28	65.48	31.72	13.39
Unlevered Free Cash Flow, 5 Yr. CAGR %	29.54	59.63	65.93	31.09	13.04
Dividend Per Share, 5 Yr. CAGR %	2.41	4.19	2.73	7.98	18.81