TSEC Corporation

TWSE:6443 Stock Report

Market Cap: NT$18.1b

TSEC Management

Management criteria checks 2/4

TSEC's CEO is William Liao, appointed in Dec 2025, has a tenure of less than a year. directly owns 0.021% of the company’s shares, worth NT$3.74M. The average tenure of the management team and the board of directors is 3.2 years and 9.6 years respectively.

Key information

William Liao

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenureless than a year
CEO ownership0.02%
Management average tenure3.2yrs
Board average tenure9.6yrs

Recent management updates

Recent updates

Returns Are Gaining Momentum At TSEC (TWSE:6443)

Jan 13
Returns Are Gaining Momentum At TSEC (TWSE:6443)

We Think You Can Look Beyond TSEC's (TWSE:6443) Lackluster Earnings

Nov 19
We Think You Can Look Beyond TSEC's (TWSE:6443) Lackluster Earnings

We Think TSEC (TWSE:6443) Can Stay On Top Of Its Debt

Nov 13
We Think TSEC (TWSE:6443) Can Stay On Top Of Its Debt

TSEC Corporation's (TWSE:6443) 25% Share Price Plunge Could Signal Some Risk

Aug 06
TSEC Corporation's (TWSE:6443) 25% Share Price Plunge Could Signal Some Risk

TSEC (TWSE:6443) Seems To Use Debt Quite Sensibly

Jun 27
TSEC (TWSE:6443) Seems To Use Debt Quite Sensibly

TSEC's (TWSE:6443) Solid Earnings Have Been Accounted For Conservatively

Mar 20
TSEC's (TWSE:6443) Solid Earnings Have Been Accounted For Conservatively

The Returns On Capital At TSEC (TPE:6443) Don't Inspire Confidence

Apr 30
The Returns On Capital At TSEC (TPE:6443) Don't Inspire Confidence

TSEC Corporation's (TPE:6443) About To Shift From Loss To Profit

Mar 31
TSEC Corporation's (TPE:6443) About To Shift From Loss To Profit

Can You Imagine How Elated TSEC's (TPE:6443) Shareholders Feel About Its 408% Share Price Gain?

Feb 23
Can You Imagine How Elated TSEC's (TPE:6443) Shareholders Feel About Its 408% Share Price Gain?

Is TSEC (TPE:6443) Using Too Much Debt?

Jan 26
Is TSEC (TPE:6443) Using Too Much Debt?

Analysts Expect Breakeven For TSEC Corporation (TPE:6443) Before Long

Dec 29
Analysts Expect Breakeven For TSEC Corporation (TPE:6443) Before Long

Is TSEC (TPE:6443) Struggling?

Dec 03
Is TSEC (TPE:6443) Struggling?

CEO Compensation Analysis

How has William Liao's remuneration changed compared to TSEC's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

-NT$3b

Sep 30 2025n/an/a

-NT$2b

Jun 30 2025n/an/a

-NT$1b

Mar 31 2025n/an/a

-NT$740m

Dec 31 2024n/an/a

-NT$600m

Sep 30 2024n/an/a

NT$166m

Jun 30 2024n/an/a

NT$260m

Mar 31 2024n/an/a

NT$373m

Dec 31 2023n/an/a

NT$527m

Sep 30 2023n/an/a

NT$556m

Jun 30 2023n/an/a

NT$466m

Mar 31 2023n/an/a

NT$337m

Dec 31 2022NT$6mNT$4m

NT$190m

Sep 30 2022n/an/a

NT$311m

Jun 30 2022n/an/a

NT$182m

Mar 31 2022n/an/a

NT$73m

Dec 31 2021NT$4mNT$4m

NT$46m

Sep 30 2021n/an/a

-NT$211m

Jun 30 2021n/an/a

NT$27m

Mar 31 2021n/an/a

NT$178m

Dec 31 2020NT$3mNT$3m

-NT$286m

Compensation vs Market: Insufficient data to establish whether William's total compensation is reasonable compared to companies of similar size in the TW market.

Compensation vs Earnings: William's compensation has increased whilst the company is unprofitable.

CEO

William Liao

less than a year
Tenure
NT$5,796,000
Compensation

Mr. Wei-Ran Liao, also known as William, is Interim President at TSEC Corporation since December 31, 2025 served as an Executive Vice President and Director since December 17, 2025 until December 31, 2025...

Leadership Team

NamePositionTenureCompensationOwnership
Kuo-Ron Liao
Executive Chairman15.6yrsNT$9.95m0.0016%
NT$ 293.7k
Wei-Ran Liao
Interim President & Directorless than a yearNT$5.80m0.021%
NT$ 3.7m
Ming-Hua Li
Finance Head6.4yrsno datano data
Wei-Che Chang
Accounting Supervisor3.2yrsno datano data
Wei-Jan Liao
Executive VP & Directorno dataNT$5.42mno data
Liang-Kai Wang
Senior Vice Presidentno dataNT$3.54mno data
Henry Jiang
Senior Vice Presidentno datano datano data
Zhi-Hao Chiang
Vice Presidentno dataNT$3.65m0.0016%
NT$ 299.1k
Jeng-Tzung Chen
Director of Auditno datano datano data
Cheng-Ye Yu
Deputy General Managerno datano data0.0029%
NT$ 531.1k
3.2yrs
Average Tenure

Experienced Management: 6443's management team is considered experienced (3.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Kuo-Ron Liao
Executive Chairman15.6yrsNT$9.95m0.0016%
NT$ 293.7k
Wei-Ran Liao
Interim President & Directorless than a yearNT$5.80m0.021%
NT$ 3.7m
Wei-Jan Liao
Executive VP & Director14.9yrsNT$5.42mno data
Cheng-Ji Hsu
Director12.9yrsNT$1.34mno data
Chia-En Wu
Independent Director12.1yrsNT$1.57mno data
Huai-De Chiang
Independent Director12.1yrsNT$1.62mno data
Gu-Tong Lin
Independent Director7.2yrsNT$2.00m0.081%
NT$ 14.6m
Li-Chiang Lin
Director5.1yrsNT$939.00kno data
Weng-Cheng Liu
Director5.1yrsNT$1.81mno data
Xian-Zhi Zheng
Independent Directorless than a yearNT$920.00kno data
Qian-Ru Shen
Independent Directorno dataNT$920.00kno data
Chien-Ju Shen
Independent Directorno datano datano data
9.6yrs
Average Tenure

Experienced Board: 6443's board of directors are considered experienced (9.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/01 08:53
End of Day Share Price 2026/04/30 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

TSEC Corporation is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Zhizhong ChenCapital Securities Corporation
Lida ChenMasterlink Securities Corp.
Yi-Pang LinSinoPac Securities Investment Service