Tien Li Offshore Wind Technology Co., Ltd.

Tien Li Offshore Wind Technology Co., Ltd.

TTPEX:6793
5.55
TWD
-0.09
(-1.60%)
393.12MMarket Cap
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
0.19
- -
- -
5.53
14.4
15.71
3.94
- -
Basic EPS, GAAP
-0.11
-1.88
-1.23
-1.51
-5.79
-5.36
1.1
-0.76
-4.75
- -
Free Cash Flow per Basic Share
-0.11
-8.76
0.56
-16.41
-17.96
-6.67
0.61
1.7
1.96
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
0.19
- -
- -
Book Value per Share
-0.21
3.66
3.03
20.81
23.88
20.91
22.01
21.22
16.47
15.21
Tangible Book Value per Share
-0.21
3.65
3.02
20.8
23.82
20.86
21.97
21.21
16.46
15.2
Basic Weighted Avg Shares
56
9
31
45
66
72
76
76
76
76
Sales/Revenue/Turnover
- -
- -
6
- -
- -
400
1,089
1,188
298
- -
Operating Margin (%)
- -
- -
-555.1
- -
- -
-84.29
3.37
9.93
-72.6
- -
Depreciation Expense
- -
- -
14
14
44
123
133
131
112
- -
Net Income, GAAP
-6
-17
-38
-68
-381
-387
83
-57
-359
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
9.64
- -
- -
- -
Profit Margin (%)
- -
- -
-655.82
- -
- -
-96.93
7.64
-4.82
-120.39
- -
Working Capital
-13
75
63
210
166
39
156
160
88
38
LT Debt
- -
- -
197
851
1,257
379
328
157
115
113
Total Equity
-13
224
185
1,318
1,717
1,581
1,664
1,604
1,245
1,150
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
1.52
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
4.49
- -
- -
- -
Return on Common Equity (%)
- -
- -
-18.75
-9.02
-25.11
-23.48
5.13
-3.51
-25.2
- -

Capital Structure

TWD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
71
9
10
LT Borrowings
- -
- -
- -
LT Finance Leases
154
115
113
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
76
76
76
Market Capitalization
548
393
393

Working Capital

TWD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
292
176
88
Cash, Cash Equivalents & STI
154
128
43
Accounts Receivable, Net
39
13
7
Inventories
- -
- -
- -
Total Current Liabilities
175
88
50
Payables & Accruals
- -
- -
- -
ST Debt
71
9
10
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
0.33%
-22.39%
Free Cash Flow
- -
17.48%
15.47%
Net Income, GAAP
- -
139.96%
526.72%
Sales/Revenue/Turnover
- -
- -
-74.9%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

TWD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1,188
2025
- -
- -
298
2026
- -
- -
- -

Semi-annual Earnings Per Share

TWD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.76
2025
- -
- -
-4.75
2026
- -
- -
- -

Semi-annual Dividends Per Share

TWD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.19
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Chin Chu Chang
Full Time Employees
601
Sector
Producer manufacturing
Industry
Electrical products
Address
No. 235, Huangang Road Taichung TP Taiwan 434115
IPO Date
Oct 30, 2020
Business
Tien Li Offshore Wind Technology Co., Ltd. designs, manufactures and sells offshore wind turbine blades; develops and produces wind turbine blade molds; improves blade production processes for greater efficiency; and provides blade maintenance services. The company produces specialized components including blade roots, blade roots with wing blades, small winglets for wind turbine blades and delayed separation trailing edge blades, with capabilities extending to 85-meter blades using composite materials for 9.5 MW wind turbine generators. Tien Li holds Vestas authentication, possesses proprietary blade production technology and know-how, and operates as Taiwan's only manufacturer of megawatt-scale offshore wind turbine blades, serving the renewable energy sector primarily in Taiwan and the Asia-Pacific region from its headquarters and main factory in Taichung City, Taiwan, where it was founded in 2009 with a 21-hectare facility completed in 2021 that supports annual production for 60 wind turbine generators and employs approximately 600 people. In March 2024, Tien Li signed a memorandum of understanding with Swire Renewable Energy A/S to form a joint venture delivering localized operations and maintenance services for offshore wind turbines in Taiwan and other Asia-Pacific markets, combining Tien Li's blade manufacturing expertise with Swire's capabilities in blade repair, electrical and mechanical maintenance, and marine logistics following Swire's acquisition of blade repair specialist Altitec. The company listed on the Taipei Exchange in October 2020 under ticker 6793 with paid-up capital of NTD 650 million, secured a blades manufacturing memorandum of understanding with MHI Vestas Offshore Wind from Denmark, obtained purchase contracts and syndicated bank loans, and continues to expand under Taiwan's third-phase offshore wind policy development.