23 slides from Orient Semiconductor Electronics's earnings presentation, Jun 27, 2025
Slide 1: Orient Semiconductor Electronics, Ltd.
華泰電子股份有限公司 Orient Semiconductor Electronics ,Ltd. （股票代號：2329）
Slide 2: Summary
Summary Part 1 Company Profile Part 2 Manufacture Service & Product Part 3 2025 Q1 Financial Performance Part 4 Competitive Advantage Part 5 Q&A 2/23
Slide 3: Company Profile
Company Profile 3/23
Slide 4: Company History
Company History Capital : US$ 247M(NTD7.40B) Common Stock : US$ 187M(NTD5.60B) Preferred C Stock : US$ 60M(NTD1.80B) 2025 54th Anniversary Celebration 2015 & 2020 Strategic Partnership Announcement 2014 1st 16D microSD in the world 2005 Biz Transformation into Memory Market Apr, 1994 IPO in Taiwan S
Slide 5: Factory
Factory 6 Production buildings in NTIP Headcount : around 5,400 Headquarters (Flash Memory) Facility 2 (750,000 sq. ft.) (59,223 sq. ft.) LIC Facility 3 (256,200 sq. ft.) (158,638 sq. ft.) Facility 1 Facility 5 (146,475 sq ft.) (190,000 sq. ft.) 5/23
Slide 6: Organization
Organization Chairman Tony Tung President C. J. Tu Testing Group Semiconductor Group EMS Group • Memory IC Testing Service • Memory IC Packaging Service • EMS Service • Logic IC Testing Service • Logic IC Packaging Service 6/23
Slide 7: Manufacture Service & Product
Manufacture Service & Product 7/23
Slide 8: Total Solution: IC Packaging & Testing Service
Total Solution IC Packaging & Testing Service Drop Shipment Dry Pack Tape & Reel Final Test Assembly Wafer Grinding Wafer Probing 8/23
Slide 9: Total Solution: Electronics Manufacturing Service
Total Solution Electronics Manufacturing Service Product Design JDM, DFM, DFT NPI & Quick Turn Material from Customer Prototyping Procurement PCB Assembly Functionality & Reliability Repair and Distribution System Box Build Testing Upgrade Support Integration 9 OSE CONFIDENTIAL
Slide 10: Product Application
Product Application CSP/SIP 10/23
Slide 11: 2025 Q1 Financial Performance
2025 Q1 Financial Performance 11/23
Slide 12: Consolidated Statements of Comprehensive Income (QoQ)
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (QoQ) (Thousands of NTD) Q1/2025 % Q4/2024 % Variance Net revenue 4,077,476 100.00% 4,127,005 100.00% (1.20%) Gross profit 538,557 13.21% 562,517 13.63% (4.26%) Operating income 196,762 4.83% 191,798 4.65% 2.59% Income before tax 231,357 5.67% 223,888
Slide 13: Consolidated Statements of Comprehensive Income (YoY)
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (YoY) (Thousands of NTD) Q1/2025 % Q1/2024 % Variance Net revenue 4,077,476 100.00% 4,176,029 100.00% (2.36%) Gross profit 538,557 13.21% 826,627 19.79% (34.85%) Operating income (loss) 196,762 4.83% 518,217 12.41% (62.03%) Income (loss) before tax 231
Slide 14: Key Items & Index of Balance Sheet
Key Items & Index of Balance Sheet (Thousands of NTD) Q1/2025 Q4/2024 Variance Cash and cash equivalents 3,963,243 4,445,344 (10.85%) Financial assets measured at amortized cost - - - Financial assets-Noncurrent 1,755,000 1,738,800 0.93% & Investments-equity method Property, plant, and equipment 6,4
Slide 15: Key Items & Index of Balance Sheet
Key Items & Index of Balance Sheet (Thousands of NTD) Q1/2025 Q1/2024 Variance Cash and cash equivalents 3,963,243 4,281,821 (7.44%) Financial assets measured at amortized cost - - - Financial assets-Noncurrent 1,755,000 2,055,652 (14.63%) & Investments-equity method Property, plant, and equipment 6
Slide 16: IC Packaging and Testing Services
IC Packaging and Testing Services (Thousands of NTD) 3,500,000 100% 3,117,660 3,157,307 90% 3,000,000 2,722,849 80% 2,588,094 2,500,000 2,332,625 70% 2,113,934 2,091,219 68% 67% 60% 2,000,000 1,833,565 66% 62% 57% 50% 52% 1,500,000 47% 51% 40% 30% 1,000,000 20% 500,000 10% - 0% Q2/2023 Q3/2023 Q4/20
Slide 17: Electronics Manufacturing Services
Electronics Manufacturing Services (Thousands of NTD) 2,500,000 100% 90% 2,080,486 2,035,786 1,946,426 2,000,000 80% 1,744,851 1,618,622 70% 1,544,770 1,587,935 1,500,000 60% 1,275,817 50% 53% 49% 1,000,000 48% 40% 43% 38% 30% 33% 34% 32% 500,000 20% 10% - 0% Q2/2023 Q3/2023 Q4/2023 Q1/2024 Q2/2024
Slide 18: Semiconductor Group
Semiconductor Group -Percentage of revenue by product application 100% 7% 8% 7% 9% 9% 9% 8% 7% 15% 15% 14% 13% 15% 18% 18% 80% 21% 60% 40% 78% 77% 79% 76% 80% 70% 73% 74% 20% 0% Q2/2023 Q3/2023 Q4/2023 Q1/2024 Q2/2024 Q3/2024 Q4/2024 Q1/2025 記憶體相關產品 邏輯IC 測試 18/23
Slide 19: 2025 Q1~Q2 Operation Summary
2025 Q1~Q2 Operation Summary • Semiconductor BU • Due to production cuts by major manufacturers, NAND market price reached its lowest point in Q1; customers began restocking in March, 2025. • Trump-era tariffs accelerated customer restocking mechanisms. • Semiconductor revenue began to rebound, incr
Slide 20: Competitive Advantage
Competitive Advantage 20/23
Slide 21: Capable of both IC & EMS / One-Stop Service
- Capable of both IC & EMS / One-Stop Service. - Skilled experience with world-class customers working with us. - Advanced Process Capability - 25um wafer thickness - 16 Layers Die Stacking for micro SD/BGA/SD - Sip / Flip Chip / Wire Bond / Hybrid Availability -High-end Technology - Digitalization
Slide 22: HAE a Hi FH
A HAE a Hi FH TION
Slide 23: Disclaimer
Disclaimer The presentation and the relevant information mentioned in this material have been compiled from both internal and external resources. These forward looking statements involve known and unknown risks, uncertainties and other factors, including price variation, competition, global economy,