Wellysun Inc. AI Stock Analysis
Wellysun Inc. (6988) AI Stock Analysis
Wellysun Inc.
(TWSE:6988)
Wellysun scores low primarily due to deteriorating profitability: a ~10% revenue decline, margin compression and a swing to an operating and net loss in 2025, on top of a historically razor-thin margin profile. Technical signals reinforce caution, with the price below all key moving averages and negative MACD momentum. Valuation offers no support, as the P/E is negative and there is no dividend. Partially offsetting these risks are a reasonably solid balance sheet — equity funding about 61% of assets with debt actively reduced — and a notable rebound in cash generation to NT$94.4M of free cash flow, which gives the company time to pursue a demand and margin recovery.
Wellysun Inc. (6988) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 519.83M
- Dividend Yield
- ―
- Average Volume (3M)
- 56.65K
- Price to Earnings (P/E)
- -11.0
- Beta (1Y)
- 0.41
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- TW
- Employees
- 243
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
Wellysun Inc. Business Overview & Revenue Model
Company Description
Wellysun Inc. engages in the research, development, manufacture, and sale of automotive electronics, lighting fixtures, and customized electronic control modules. The company has built core technologies for various software and hardware modules and d...
Wellysun Inc. Financial Statement Overview
Summary
A weak income statement (score 29) dominates the picture: revenue fell roughly 10% to NT$792.0M, gross margin compressed to 26.5%, and the company swung to an operating loss of NT$47.2M and a net loss of NT$54.1M, with even EBITDA turning slightly negative. Margins have been structurally thin for years, leaving little buffer. The balance sheet (60) is the steadier leg, with equity funding about 61% of assets and debt reduced to NT$282.1M, though equity has eroded for a second year and ROE turned negative at -7.4%. Cash flow (70) is the bright spot, with NT$115.6M operating cash flow and NT$94.4M free cash flow after two years of heavy cash burn, covering about 46% of total debt. Net result: cash-adequate but clearly profitability-challenged.
Income Statement
29NegativeBalance Sheet
60NeutralCash Flow
70Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 739.16M | 791.99M | 884.72M | 813.21M | 757.74M |
| Gross Profit | 195.90M | 209.53M | 262.38M | 226.72M | 220.26M |
| EBITDA | -5.66M | -4.02M | 63.29M | 28.28M | 43.46M |
| Net Income | -53.18M | -54.08M | 23.65M | 371.00K | 22.39M |
Balance Sheet | |||||
| Total Assets | 1.26B | 1.19B | 1.36B | 1.19B | 1.01B |
| Cash, Cash Equivalents and Short-Term Investments | 286.98M | 385.17M | 394.31M | 239.09M | 298.50M |
| Total Debt | 360.92M | 282.11M | 338.43M | 242.95M | 62.01M |
| Total Liabilities | 568.50M | 461.83M | 524.96M | 436.26M | 244.61M |
| Stockholders Equity | 694.96M | 728.82M | 839.88M | 750.15M | 763.06M |
Cash Flow | |||||
| Free Cash Flow | -81.19M | 94.41M | 68.19M | -229.53M | -172.61M |
| Operating Cash Flow | 92.68M | 115.62M | 139.72M | 33.11M | -91.54M |
| Investing Cash Flow | -167.99M | -23.94M | -76.80M | -274.05M | 67.91M |
| Financing Cash Flow | 17.82M | -106.76M | 86.94M | 170.48M | 20.49M |
Wellysun Inc. Peers Comparison
Overall Rating
- TW:698843Neutral
TW:151639Underperform
TW:301829Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:6988 | 43Neutral | TWD 552.16M | -11.00 | ― | ― | ― | ― |
| TW:1516 | 39Underperform | TWD 553.65M | 3605.77 | ― | ― | -10.15% | ― |
| TW:3018 | 29Underperform | TWD 745.49M | -2.58 | ― | ― | -56.49% | -244.54% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6988 | Wellysun Inc. | 11.60 | -2.90 | -20.00% | |
| TW:1516 | Falcon Power Co., Ltd. | 18.75 | -4.11 | -18.00% | |
| TW:3018 | Lung Ming Green Energy Technology Engineering Co Ltd. | 9.15 | -3.05 | -25.00% | |
| TW:6793 | Tien Li Offshore Wind Technology Co., Ltd. | 5.45 | 0.40 | 7.92% | |
| TW:7758 | Keelgoal Energy Co Ltd | 31.55 | -9.33 | -22.82% | |
| TW:7862 | AceGreen Eco-Material Technology Co Ltd | 16.25 | -35.53 | -68.62% |
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