TSEC Corporation

TWSE:6443 Stock Report

Market Cap: NT$21.1b

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$4.34M. 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

Analysis Article • Jan 13

Returns Are Gaining Momentum At TSEC (TWSE:6443)

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
Analysis Article • Nov 19

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

The most recent earnings report from TSEC Corporation ( TWSE:6443 ) was disappointing for shareholders. Despite the...
Analysis Article • Nov 13

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

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Aug 06

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

TSEC Corporation ( TWSE:6443 ) shares have had a horrible month, losing 25% after a relatively good period beforehand...
Analysis Article • Jun 27

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

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Mar 20

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

The market seemed underwhelmed by last week's earnings announcement from TSEC Corporation ( TWSE:6443 ) despite the...
Analysis Article • Apr 30

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

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...
Analysis Article • Mar 31

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

With the business potentially at an important milestone, we thought we'd take a closer look at TSEC Corporation's...
Analysis Article • Feb 23

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

It hasn't been the best quarter for TSEC Corporation ( TPE:6443 ) shareholders, since the share price has fallen 17% in...
Analysis Article • Jan 26

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

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Dec 29

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

We feel now is a pretty good time to analyse TSEC Corporation's ( TPE:6443 ) business as it appears the company may be...
Analysis Article • Dec 03

Is TSEC (TPE:6443) Struggling?

What underlying fundamental trends can indicate that a company might be in decline? A business that's potentially in...

CEO Compensation Analysis

How has William Liao's remuneration changed compared to TSEC's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-NT$3b

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$9.95m0.0016%
NT$ 341.0k
Wei-Ran Liao
Interim President & Directorless than a yearNT$5.80m0.021%
NT$ 4.3m
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$3.65m0.0016%
NT$ 347.3k
Jeng-Tzung Chen
Director of Auditno datano datano data
Cheng-Ye Yu
Deputy General Managerno datano data0.0029%
NT$ 616.8k
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$9.95m0.0016%
NT$ 341.0k
Wei-Ran Liao
Interim President & Directorless than a yearNT$5.80m0.021%
NT$ 4.3m
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$2.00m0.075%
NT$ 15.9m
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 Analysis2026/05/28 12:14
End of Day Share Price 2026/05/28 00:00
Earnings2026/03/31
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 Investment Advisory
Yi-Pang LinSinoPac Securities Investment Service