Anji Technology Co Ltd AI Stock Analysis
Anji Technology Co Ltd (6477) AI Stock Analysis
Anji Technology Co Ltd
(TWSE:6477)
Anji Technology scores low primarily because of weak fundamentals: a multi-year revenue contraction, near-zero net profitability and ROE, and rising leverage at 1.42x equity against a shrinking sales base. Improving gross and operating margins plus the first positive free cash flow in six years are meaningful signs of stabilization, but they stem partly from sharp capex cuts rather than business recovery. Technicals reinforce the caution, with the price below all key moving averages and negative MACD momentum. Valuation offers little support, as the extreme P/E of 864 reflects minimal earnings and the 1.28% dividend yield is thin. A sustained revenue rebound and deleveraging would be needed to improve the profile.
Anji Technology Co Ltd (6477) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 3.51B
- Dividend Yield
- 1.22%
- Average Volume (3M)
- 1.35M
- Price to Earnings (P/E)
- 916.4
- Beta (1Y)
- 0.75
- Revenue Growth
- 2.65%
- EPS Growth
- 42.84%
- Country
- TW
- Employees
- 350
- Sector
- General
- Sector Strength
- 55
- Industry
- Solar
Anji Technology Co Ltd Business Overview & Revenue Model
Company Description
Established in 2007 and headquartered in Táinán, Taiwan, ANJI Technology Co., Ltd. specializes in the creation, manufacturing, and distribution of solar modules for power generation systems throughout Taiwan. Their product portfolio encompasses polyc...
Anji Technology Co Ltd Financial Statement Overview
Summary
Weak overall, with pockets of improvement. Revenue has collapsed roughly 74% from the 2022 peak (NT$3.27bn to NT$856m), and although gross margin recovered to 32.1% and operating profit rebounded to NT$161m, net income was a razor-thin NT$2.1m (0.25% net margin) with ROE at essentially zero. The balance sheet is asset-heavy and increasingly leveraged, with debt rising to NT$4.53bn and debt-to-equity reaching 1.42 — the highest in the period reviewed — against flat equity. The clear bright spot is cash flow: operating cash flow more than doubled to NT$558m and free cash flow turned positive at NT$339m for the first time in six years, though this was aided by halving capital spending rather than business growth. Early stabilization is visible, but earnings quality and leverage remain significant risks.
Income Statement
31NegativeBalance Sheet
39NegativeCash Flow
60Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 940.70M | 855.70M | 895.63M | 1.50B | 3.27B | 1.54B |
| Gross Profit | 284.99M | 274.75M | 204.61M | 432.69M | 474.89M | 280.46M |
| EBITDA | 392.62M | 392.08M | 162.60M | 449.03M | 460.38M | 293.60M |
| Net Income | 3.57M | 2.13M | -82.58M | 149.52M | 228.90M | 132.08M |
Balance Sheet | ||||||
| Total Assets | 8.06B | 8.20B | 8.09B | 7.87B | 8.24B | 6.57B |
| Cash, Cash Equivalents and Short-Term Investments | 699.92M | 639.89M | 678.71M | 615.68M | 1.28B | 749.32M |
| Total Debt | 3.76B | 4.53B | 4.39B | 3.82B | 4.18B | 3.15B |
| Total Liabilities | 4.70B | 4.81B | 4.73B | 4.37B | 4.93B | 3.80B |
| Stockholders Equity | 3.16B | 3.19B | 3.18B | 3.40B | 3.29B | 2.76B |
Cash Flow | ||||||
| Free Cash Flow | 435.10M | 339.42M | -308.83M | -53.51M | -717.29M | -665.08M |
| Operating Cash Flow | 638.21M | 558.10M | 217.34M | 669.03M | 145.82M | -41.67M |
| Investing Cash Flow | -229.57M | -227.72M | -690.09M | -677.83M | -972.42M | -729.24M |
| Financing Cash Flow | -396.82M | -373.71M | 526.85M | -635.42M | 1.34B | 843.77M |
Anji Technology Co Ltd Peers Comparison
Overall Rating
TW:672064Neutral
TW:541063Neutral
TW:161154Neutral
TW:538149Neutral- TW:647740Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:6720 | 64Neutral | TWD 3.05B | 18.95 | ― | 7.23% | -26.19% | -21.51% |
| TW:5410 | 63Neutral | TWD 3.10B | 9.35 | ― | 6.26% | 27.65% | 55.36% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:1611 | 54Neutral | TWD 3.79B | 42.45 | ― | 6.81% | -9.42% | 64.46% |
| TW:5381 | 49Neutral | TWD 3.86B | 24.91 | ― | ― | -7.01% | -32.51% |
| TW:6477 | 40Underperform | TWD 3.54B | 916.40 | ― | 1.22% | 2.65% | 42.84% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6477 | Anji Technology Co Ltd | 28.60 | -7.58 | -20.95% | |
| TW:1611 | China Electric MFG Corp. | 11.75 | 0.05 | 0.42% | |
| TW:5381 | Spectrum Electrics Corporation | 18.60 | -9.93 | -34.80% | |
| TW:5410 | Leo Systems, Inc. | 33.15 | 3.88 | 13.27% | |
| TW:6720 | Major Power Technology Co., Ltd. | 101.00 | -24.90 | -19.78% | |
| TW:7921 | Recharge Power Co., Ltd. | 76.20 | -70.14 | -47.93% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 09, 2026