Anji Technology Co Ltd (6477) AI Stock Analysis

Anji Technology Co Ltd

(TWSE:6477)

Select Model

Rating:39Underperform

Price Target:TWD 26.00▼(-9.57% Downside)

Action:initiatedcoverage

Date:11/09/26

Weak financial performance driven by falling revenue and high leverage is the dominant factor. Bearish technical indicators add further pressure, while unattractive valuation from the elevated P/E ratio limits upside.

Positive Factors

Revenue RecoveryReturning to revenue growth in 2025 indicates that demand or pricing conditions improved after earlier volatility. If maintained, renewed top-line momentum can support operating leverage, improve resource utilization, and provide a stronger base for rebuilding more consistent earnings over the next several quarters.

Negative Factors

Meaningful LeverageDebt at roughly 1.1 to 1.4 times equity reduces financial flexibility for a business with uneven profitability. If industry conditions weaken, leverage can amplify pressure on cash resources, constrain investment choices, and make recovery more dependent on sustained operating improvement.

Anji Technology Co Ltd (6477) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 3.65B
Dividend Yield: 1.22%
Average Volume (3M): 1.34M
Price to Earnings (P/E): 918.0
Beta (1Y): 0.79
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

Sharp revenue decline from 3.27 billion to 856 million and near-zero profitability are major concerns, though recent positive free cash flow of 339 million offers limited relief amid rising debt.

Income Statement

32Negative

Balance Sheet

25Negative

Cash Flow

48Neutral

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6477 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6720	64Neutral	TWD 3.05B	19.23	―	7.30%	-26.19%	-21.51%
TW:5410	63Neutral	TWD 3.10B	9.62	―	6.46%	27.65%	55.36%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1611	54Neutral	TWD 3.79B	41.91	―	6.90%	-9.42%	64.46%
TW:5381	49Neutral	TWD 3.86B	25.43	―	―	-7.01%	-32.51%
TW:6477	39Underperform	TWD 3.54B	917.98	―	1.22%	2.65%	42.84%

* General Sector Average

Performance Comparison

TW:6477 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6477	Anji Technology Co Ltd	28.75	-6.19	-17.72%
TW:1611	China Electric MFG Corp.	11.60	-0.24	-2.04%
TW:5381	Spectrum Electrics Corporation	19.30	-8.23	-29.89%
TW:5410	Leo Systems, Inc.	32.10	3.54	12.39%
TW:6720	Major Power Technology Co., Ltd.	100.00	-25.90	-20.57%
TW:7921	Recharge Power Co., Ltd.	73.10	-73.24	-50.05%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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

Anji Technology Co Ltd AI Stock Analysis