1. Taiwan Stocks

  2. •

    Electronic technology

  3. •

    Electronic production equipment
Amulaire Thermal Technology, Inc.

Amulaire Thermal Technology, Inc.

TTWSE:2241
44.10
TWD
-4.85
(-9.91%)
-0.62EPS
4.75BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
5.1
4.79
6.53
5.58
5.77
10.34
10.58
12.5
8
9.78
6.59
7.51
8.9
Basic EPS, GAAP
- -
-0.83
1.18
1.49
-0.36
0.62
0.99
0.08
-1.21
-2.41
-2.47
-1.98
-0.7
-0.76
Free Cash Flow per Basic Share
- -
-2.15
-8.94
-1.61
-3.65
-0.86
-1.29
-0.46
-9.43
-2.2
-0.4
-1.85
-0.98
-1.18
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
0.82
0.06
- -
- -
- -
- -
- -
Book Value per Share
2.07
2.19
10.84
12.31
11.95
12.57
14.34
19.39
17.82
15.42
15.42
13.49
12.83
12.53
Tangible Book Value per Share
2.07
2.19
10.84
12.31
11.95
12.57
14.34
19.39
17.72
15.05
15.12
13.24
12.44
12.17
Basic Weighted Avg Shares
24
25
60
74
74
74
74
80
91
91
90
105
105
105
Sales/Revenue/Turnover
- -
130
287
481
410
425
770
847
1,138
731
884
689
786
936
Operating Margin (%)
- -
-19.48
21.62
23.71
3.01
4.97
12.03
5.13
-5.91
-37.48
-27.54
-30.75
-16.65
-7.72
Depreciation Expense
- -
17
18
24
27
26
45
63
72
93
129
106
111
123
Net Income, GAAP
- -
-21
71
109
-27
46
73
7
-110
-220
-224
-207
-74
-80
Effective Tax Rate (%)
- -
- -
0.4
1.32
- -
16.97
19.88
19.15
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
-16.3
24.58
22.73
-6.47
10.79
9.53
0.77
-9.64
-30.1
-25.29
-30.06
-9.37
-8.5
Working Capital
81
75
228
434
162
407
536
938
571
568
951
823
459
480
LT Debt
- -
8
75
364
362
604
682
494
804
1,009
702
679
381
442
Total Equity
153
161
797
906
879
925
1,090
1,678
1,629
1,465
1,649
1,488
1,518
1,500
Return on Invested Capital (%)
- -
- -
11.46
9.86
- -
0.88
3.77
1.72
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
13.18
9.85
- -
2.8
4.3
0.73
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
-13.46
14.73
12.83
-2.97
5.08
7.29
0.47
-6.64
-14.48
-14.79
-13.7
-5.35
-5.96

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
175
171
167
LT Borrowings
361
457
426
LT Finance Leases
20
18
16
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
105
105
105
Market Capitalization
3,834
2,976
4,749

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
835
952
830
Cash, Cash Equivalents & STI
211
314
222
Accounts Receivable, Net
323
364
358
Inventories
234
231
208
Total Current Liabilities
376
375
350
Payables & Accruals
- -
- -
- -
ST Debt
175
171
167
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.95%
-1.64%
2.01%
Free Cash Flow
243.07%
493.73%
-47.43%
Net Income, GAAP
-211.96%
-349.29%
-64.46%
Sales/Revenue/Turnover
15.9%
2.29%
14.02%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
185
169
169
165
689
2025
176
146
189
275
786
2026
218
254
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.31
-0.4
-0.43
-0.84
-1.98
2025
-0.23
-0.13
-0.24
-0.1
-0.7
2026
-0.15
-0.27
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Zhi Hong Shi
Full Time Employees
337
Sector
Electronic technology
Industry
Electronic production equipment
Address
Wenhua 3rd Road New Taipei TPE Taiwan 24452
IPO Date
Aug 26, 2020
Website
amulaire.com
Similar Companies
Bloom Energy Corporation (NYSE:BE)
AXT Inc (NASDAQ:AXTI)
Vertiv Holdings, LLC (NYSE:VRT)
Aehr Test Systems (NASDAQ:AEHR)
Teradyne, Inc. (NASDAQ:TER)
Dixon Technologies (India) Ltd. (NSE:DIXON)
Business
Amulaire Thermal Technology, Inc. (2241.TW) manufactures thermal management solutions for power electronics, primarily serving the electric vehicle, high-power electronics, and consumer electronics sectors. The company produces thermal modules and components for inverters in hybrid and electric vehicles; heat dissipation systems for servers, supercomputers, and high-power applications such as IGBT modules and SiC MOSFET; cooling solutions for consumer electronics including projectors and CPU/GPU coolers; and advanced manufacturing services encompassing thermal simulation analysis, mold-flow simulation, stress analysis, metal injection molding, forging, brazing, and friction stir welding. Founded in 2011 and headquartered in New Taipei City, Taiwan, Amulaire operates production facilities in Taiwan with sales and service extending to Europe, North America, Japan, Germany, China, and Poland, positioning it as a Tier-1 automotive supplier with over 23 years of R&D experience in liquid cooling technologies. In recent developments, the company established a joint venture in China with Ningbo Shuncheng Intelligent Technology Co., Ltd., named Zhejiang Amulaire Technology Co., Ltd., and received approval from Taiwan's Ministry of Economic Affairs to change its Chinese company name; it also maintains two plants in Taiwan with plans for overseas expansion and achieved 5% energy savings through monitoring systems in 2023.