Ina Energy Corporation

Ina Energy Corporation

TTPEX:6987
23.05
TWD
-0.65
(-2.74%)
4.50BMarket Cap
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.21
3.8
4.5
5.55
- -
Basic EPS, GAAP
0.45
0.55
0.62
1.05
- -
Free Cash Flow per Basic Share
-18.68
-12.8
-3.45
4.35
- -
Dividend per Share
- -
- -
0.35
0.52
- -
Book Value per Share
13.13
13.71
17.65
18.23
18.02
Tangible Book Value per Share
13.12
13.68
17.63
18.22
18.02
Basic Weighted Avg Shares
200
200
211
222
223
Sales/Revenue/Turnover
242
760
949
1,232
- -
Operating Margin (%)
-12.92
21.72
32.21
27.74
- -
Depreciation Expense
137
328
404
504
- -
Net Income, GAAP
90
109
130
232
- -
Effective Tax Rate (%)
21.26
26.01
26.72
18.16
- -
Profit Margin (%)
37.27
14.34
13.69
18.83
- -
Working Capital
-1,956
-3,938
-6,125
-1,462
-1,622
LT Debt
2,818
3,745
1,239
6,192
5,960
Total Equity
2,929
3,074
3,944
4,098
4,071
Return on Invested Capital (%)
- -
1.16
1.74
2.16
- -
Return on Capital (%)
- -
1.33
2
3.05
- -
Return on Common Equity (%)
- -
3.66
3.73
5.81
- -

Capital Structure

TWD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
5,085
2,236
2,323
LT Borrowings
2,614
5,179
5,070
LT Finance Leases
750
1,013
890
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
222
223
224
Market Capitalization
7,346
4,777
4,501

Working Capital

TWD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
1,353
1,100
1,229
Cash, Cash Equivalents & STI
988
668
619
Accounts Receivable, Net
256
129
188
Inventories
- -
- -
- -
Total Current Liabilities
5,535
2,563
2,851
Payables & Accruals
- -
- -
- -
ST Debt
5,085
2,236
2,323
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
3.9%
Free Cash Flow
- -
- -
-232.82%
Net Income, GAAP
- -
- -
78.45%
Sales/Revenue/Turnover
- -
- -
29.73%
Total Cash Common Dividend
- -
- -
54.71%

Semi-annual Revenue

TWD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
949
2025
- -
- -
1,232
2026
- -
- -
- -

Semi-annual Earnings Per Share

TWD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.62
2025
- -
- -
1.05
2026
- -
- -
- -

Semi-annual Dividends Per Share

TWD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.35
2025
- -
- -
0.52
2026
- -
- -
- -

Company Description

CEO
Lai Jin Chen
Sector
Industrial services
Industry
Engineering & construction
Address
Taipei Taiwan
IPO Date
Aug 26, 2024
Business
Ina Energy Corporation is a Taiwan-based integrated renewable energy development, investment, and power generation company specializing in solar photovoltaic infrastructure, energy storage systems, and green power retailing. Founded in 2018 and headquartered in Taipei, Taiwan, the company operates across the clean energy value chain under a vertically integrated model spanning site acquisition, project financing, engineering design, plant construction, and long-term asset management. The company provides a comprehensive portfolio of clean energy solutions, including the investment, development, and generation of ground-mounted, rooftop, agrivoltaic, and fishery-solar symbiotic photovoltaic power plants; grid-scale battery energy storage systems (BESS) delivering automatic frequency control (AFC) and ancillary grid services to utility networks; commercial, industrial, and residential behind-the-meter energy storage installations; corporate power purchase agreement (CPPA) brokerage and green electricity wheeling services for enterprise off-takers seeking RE100 compliance; turnkey engineering, procurement, and construction (EPC) services for renewable energy facilities; and proprietary operations and maintenance (O&M) and digital performance monitoring services across its portfolio of power stations. Ina Energy Corporation primarily serves utility providers, semiconductor manufacturers, technology enterprises, and commercial and industrial power consumers throughout Taiwan, operating major regional project clusters across Pingtung County and other municipalities through dedicated project subsidiaries, including Baoxing Energy Co., Ltd., City Development Electric Power Co., Ltd., Baofa Energy Co., Ltd., Baofu Power Co., Ltd., and Baochu Energy Co., Ltd. The company is affiliated with the Pau Jar Group and backed by strategic institutional investors including Cathay Sustainability Private Equity Fund and Farglory Life Insurance. In recent corporate developments, Ina Energy Corporation officially listed its shares on the Emerging Stock Market of the Taipei Exchange under ticker 6987 in August 2024 as part of its roadmap toward a main board initial public offering (IPO). To accelerate international growth, the company established a subsidiary in Australia focused on developing utility-scale solar-plus-storage and green hydrogen projects. Additionally, the company entered into strategic cooperation agreements with Daiwa House Industry to advance renewable energy and biomass initiatives, partnered with Growatt to expand distributed and behind-the-meter energy storage deployments, and broadened its corporate green electricity supply agreements to support the power requirements of leading semiconductor and artificial intelligence data center operators.