Qualipoly Chemical Corp. · TWSE:4722
Qualipoly Chemical — Investor Conference 2026
41 slides from Qualipoly Chemical's conference presentation, Oct 14, 2026
Slide 1: Investor Conference: Operating Results & Growth Outlook
2026.10.14 | TWSE: 4722 Investor Conference Operating Results & Growth Outlook Investor Conference Presentation SPEAKER Qualipoly Confidential Steven Tsai Chairman Copyright © 2026 QPC
Slide 2: Disclaimer
DISCLAIMER Disclaimer Please read the following statements carefully External information in this presentation is drawn from public market sources and kept as current as practicable; QPC 1 makes no warranty as to its reliability or accuracy. Forward-looking statements reflect our views at the time o
Slide 3: Investment Highlights
Investment Highlights Investment Highlights Material positioning, growth drivers and 1H results ·NT$ thousands 1H26 Revenue 1H26 Net Income 1H26 EPS Jan–Sep Revenue 1,927,958 131,698 NT$1.29 3,161,110 YoY +2.0% YoY +151.0% YoY +148.1% YoY +10.6% (Sep prelim.) ① AI Server ·CCL ② Electronic Materials
Slide 4: Agenda
AGENDA Agenda Four chapters plus appendix 01 Company Profile 02 Products & Core Strengths 03 Growth Drivers 04 Operating Performance 04
Slide 5: Company Profile
01 Company Profile Overview ·Key Financials ·Revenue Mix ·History 05
Slide 6: Company Overview
01 | Company Profile Company Overview Specialty chemical materials maker ·TWSE: 4722 Paid-in Capital 2025 Revenue Employees Production Sites NT$1.0 bn NT$3.73 bn 498 TW 405 ·CN 93 ◉ Yong An Plant Yong An Industrial Park, Kaohsiung ·HQ ◉ Annan Plant Opened mid-Aug Annan Tech Park, Tainan ·UV-curable
Slide 7: Key Financials & Monthly Revenue
01 | Company Profile Key Financials & Monthly Revenue FY2025 revenue & profitability ·Jan–Sep 2026 monthly revenue FY2025 Revenue Jan–Sep 2026 Monthly Revenue (NT$ K) 2025 2026 Sep prelim. YoY NT$3.73 bn 442,668 60% 410,463 382,698 380,000 40% 362,609 343,215 315,780 295,438 FY2025 EPS 20% 228,239 N
Slide 8: Revenue Mix by Business Unit
01 | Company Profile Revenue Mix by Business Unit 2025 actual vs. 2026 forecast share ·NT$ thousands Revenue 3,727,774 NT$ K 2026 Share Forecast Business Unit 2025 Revenue 2025 Share 2026E Electronic UV-Curable 1,835,032 49.2% 35% 18.3% UV Electronic 35% 2025 UV 40% 2026 Actual 49.2% Forecast Functi
Slide 9: Company History
01 | Company Profile Company History Since 1978, a new materials frontier each decade — from classic resins to AI-era electronics 01 1980s 02 1990s 03 2000s 04 2010s 05 2020s+ Foundation » Deepening » Expansion » Positioning » Leap Functional Resins Specialty Resins UV Curing Electronic Materials El
Slide 10: Products & Core Strengths
02 Products & Core Strengths Electronic Materials ·UV-Curable Materials ·Functional Resins 10
Slide 11: Product Portfolio
02 | Products & Core Strengths Product Portfolio Built on core synthetic-resin technology, spanning three business units Electronic Materials UV-Curable Materials Functional Resins Growth Engine Industry Trends Revenue Base • High-speed CCL resins • Monomers ·oligomers • PSMA specialty resin • Displ
Slide 12: Electronic Materials Applications
02 | Products & Core Strengths Electronic Materials Applications Growth-engine unit ·four application areas serving AI, display and semiconductor markets Core Business Four Application Areas End Markets PCB Materials AI servers ·high-speed 01 High-Speed CCL Resins switches Display Materials 02 Panel
Slide 13: The CCL Process & Where QPC Supplies
02 | Products | Electronic Materials The CCL Process & Where QPC Supplies Resin is the first step — and sets the ceiling on CCL electrical performance ① Mixing ② Impregnation ③ B-staging ④ Cutting ⑤ Lay-up ⑥ Pressing ⑦ Trim & QC ResinAdditive Hardener Copper + steel Prepreg CCL Resin varnish Soak gl
Slide 14: Full Coverage from M4 to Next-Gen
02 | Products | Electronic Materials Full Coverage from M4 to Next-Gen Df requirements tighten each generation — QPC has a material for every one Df @ 10 GHz (log scale) | lower is better 0.020 0.020 0.014 0.010 0.010 0.004 0.005 0.002 0.002 0.001 0.0007 M4 M5 M6 M7 M8 M9 Next-Gen PSMA specialty res
Slide 15: PSMA Specialty Resin · Styrene-Maleic Anhydride
02 | Products & Core Strengths PSMA Specialty Resin · Styrene-Maleic Anhydride A key resin for low-Dk / low-Df high-frequency CCL ◆ Molecular Design ◆ Why Low Df Matters High-Df material | signal decays fast Styrene Maleic anhydride (non-polar) (cure site) PSMA Low-Df material (PSMA) | signal preser
Slide 16: UV-Curable Materials
02 | Products & Core Strengths UV-Curable Materials Cures in seconds at room temperature, solvent-free — for coatings, printing, wood and electronics Energy-saving no oven needed Efficient cures in seconds, faster lines Eco-friendly solvent-free, low VOC How UV Curing Works ① Liquid Formula ② UV Exp
Slide 17: UV Applications & Capacity
02 | Products | UV-Curable Materials UV Applications & Capacity Largest business unit ·five areas: coatings, inks, adhesives, electronics, 3D printing 1,835,032 NT$ K 49.2% 50,000 t / yr 2025 revenue ·largest of three units Revenue share ·1H26 48.2% Annan design capacity ·online mid-Aug Five Applica
Slide 18: Unsaturated Polyester Resin
02 | Products & Core Strengths Unsaturated Polyester Resin Our founding line ·mature and steady, providing stable revenue and cash flow Key Applications Product Features 01 02 03 Lightweight Low density, strong structure Weatherability UV- and outdoor-resistant Artificial marble BMC / SMC FRP resins
Slide 19: Coating Resins
02 | Products & Core Strengths Coating Resins Five resin families for distinct coating needs — from architectural to low-VOC formulas Resin Key Properties Key Applications 01 Alkyd Architectural Glossy, weatherable, workable Exterior ·interior ·wood 02 Amino Hard, chemical-resistant, good Appliances
Slide 20: Growth Drivers
03 Growth Drivers ① Annan UV Plant ② High-Speed CCL Resins ③ New Materials 20
Slide 21: Three Growth Drivers
03 | Growth Drivers Three Growth Drivers One technology core, three growth drivers — aligned with AI infrastructure demand ① Online ② Core ③ Pipeline Annan UV Plant High-Speed CCL Resins New Materials 50,000 t M10 4 annual design capacity Validated 3 in validation ·1 in evaluation 60% utilization at
Slide 22: Annan Plant: Capacity & Ramp-up
03 | Growth Drivers | ① Annan UV Plant Annan Plant: Capacity & Ramp-up New plant in Annan Tech Park, Tainan ·registered ·online since mid-Aug Annual Capacity (t / yr) Core Planned ◆ UV Curing ◆ High-Speed New UV capacity for coatings, A candidate site for future electronics and optical expansion, ph
Slide 23: High-Speed CCL Resins: Coverage & Momentum
03 | Growth Drivers | ② High-Speed CCL High-Speed CCL Resins: Coverage & Momentum Main growth source today ·full generational coverage, high-end grades customer-validated 25–45% M4 → Next-Gen M10 Resin share of CCL material cost Full generational coverage Customer-validated Sets final Dk / Df A mate
Slide 24: New Materials: Pipeline & Stage
03 | Growth Drivers | ③ New Materials New Materials: Pipeline & Stage All four with international partners ·currently in validation or early evaluation Item QPC Role Application ·Market Partnership Stage Micro LED Flexible, rollable displays Customer coats & 01 Coating resin formula Validating Back-
Slide 25: R&D Laboratory Network
03 | Growth Drivers | ③ New Materials R&D Laboratory Network Three labs: in-house and joint with international partners In-house Lab Joint Lab Joint Lab Core R&D Center Applications Lab Thermal Lab Building in-house capability With international partners, Co-founded with a global in resin formulatio
Slide 26: Operating Performance
04 Operating Performance Summary ·Income Statement ·Revenue by Product 26
Slide 27: 1H 2026 Performance Summary
04 | Operating Performance 1H 2026 Performance Summary 1H 2026 (CPA-reviewed) ·consolidated revenue and margins 1H Revenue Operating Income Net Income EPS NT$1,928 M NT$153 M NT$132 M NT$1.29 YoY +2.0% YoY +49.8% YoY +151.0% YoY +148.1% Profitability gross / operating / net margin 2025 H1 2026 H1 +2
Slide 28: Jan–Sep 2026 Revenue
04 | Operating Performance Jan–Sep 2026 Revenue NT$ thousands | monthly figures as filed on MOPS Jan–Sep Total 442,668 382,698 +27.2% 410,463 3,161,110 +10.6% 362,609 +24.1% 380,000 vs. 2,858,860 in 2025 343,215 +3.3% +30.9% 315,780 +26.9% +24.8% 295,438 -10.8% -6.7% 3Q26 228,239 -20.7% 1,233,131 +2
Slide 29: Income Statement & Quarterly Comparison
04 | Operating Performance Income Statement & Quarterly Comparison 1H 2026 (CPA-reviewed) ·NT$ thousands Item 2026 Q2 2025 Q2 YoY 2026 H1 2025 H1 YoY Revenue 1,038,316 973,458 6.7% 1,927,958 1,890,197 2.0% Gross margin 21.7% 15.8% +5.9 pp 18.2% 15.4% +2.8 pp Operating expenses 99,485 93,760 6.1% 197
Slide 30: Revenue by Product Line
04 | Operating Performance Revenue by Product Line 1H 2026 vs. 1H 2025 ·product-line share shift ·NT$ thousands 2025 H1 2026 H1 NT$1.89 bn NT$1.93 bn UV-Curable Materials -9.9% YoY Share 54.6% → 48.2% 48.2% 54.6% Functional Resins +1.8% YoY Share 32.0% → 32.0% 32.0% 32.0% Electronic Materials +50.8%
Slide 31: Appendix
A Appendix Industry ·AI Roadmap ·New Materials ·Process Illustrations 31
Slide 32: Industry: CCL Enters Structural Growth
Appendix A1 | Industry Overview Industry: CCL Enters Structural Growth Cloud capex flows down to materials — QPC sits at the high-end resin end Supply & Demand 6 months Global CSP Capex $725 B High-end CCL lead time AI Servers Shipments +28% 45%+ High-end material price rise Global CCL Market $21.5
Slide 33: AI Platform Roadmap & Material Demand
Appendix A2 | Market & Material Roadmap AI Platform Roadmap & Material Demand Each NVIDIA platform upgrade pushes CCL grades from M8 toward M9 and M10 ① NVIDIA Platforms & CCL Grades ★ QPC M10 customer-validated 2028 M10 2027 M9+ Feynman 2026 M8–M9 Rubin Ultra 2025 M8 main Vera Rubin 2024 M6 → M8 Bl
Slide 34: Thermal Packaging: BSM & Metal TIM
Appendix A3 | Thermal Packaging In Validation Thermal Packaging: BSM & Metal TIM Thermal performance hinges not only on conductivity but on TIM / BSM interface resistance Heat sink Thermal Benefit ★ Metal TIM ★ BSM layer >80 W/mK Metal TIM conductivity, far above silicone Die + mold Substrate + ball
Slide 35: EMI Shielding: Spray-on MOD vs. PVD
Appendix A4 | EMI Shielding In Validation EMI Shielding: Spray-on MOD vs. PVD Shielding depends on sidewall and corner coverage, not just top thickness Conventional PVD sputtering Spray-on MOD silver ink Thin at corners Top 3–4 µm Sidewall 6–8 µm Vacuum / plasma Line-of-sight Laser rework Ambient sp
Slide 36: Micro LED Back-Film: Replacing Glass
Appendix A5 | Micro LED Back-Film In Validation Micro LED Back-Film: Replacing Glass Replacing the glass support with a polymer film makes curved, rollable and stretchable displays possible Micro LED Emitters After glass release bendable ·rollable ·stretchable TFT Backplane Backplane SiNx / SiOx Ino
Slide 37: UV Materials for Fiber-Optic Module Packaging
Appendix A6 | Fiber-Optic Module Packaging Early Talks ·Evaluation UV Materials for Fiber-Optic Module Packaging UV adhesive fixes the fiber array (FAU) to the photonic chip; AI data centers drive optical-link demand ① Active Alignment ② Dispense ③ UV Cure Fiber array (FAU) UV light UV adhesive PIC
Slide 38: Unsaturated Polyester Resin
Appendix A7 | Unsaturated Polyester Process Unsaturated Polyester Resin Our founding line ·mature and steady, providing stable revenue and cash flow ① Mixing ② Roll Impregnation ③ Cured Products Resin Additive Hardener Resin Yachts Bathtubs Glass cloth Roofing Tanks Resin + additives + hardener Resi
Slide 39: Coating Resins
Appendix A8 | Coating Process Coating Resins Five resin families for distinct coating needs — from architectural to low-VOC formulas ① Mixing ② Curing ③ Applications Resin Solvent Additive Thermal cure Exterior coatings Heat crosslinking Plants ·exterior walls Evaporative Wood coatings Solvent evapo
Slide 40: PSMA Specialty Resin · Styrene-Maleic Anhydride
Appendix A9 | PSMA in the CCL Process PSMA Specialty Resin · Styrene-Maleic Anhydride Epoxy hardener ·a key material for low-Dk / low-Df high-frequency CCL ① Varnish Mixing ② Impregnate & Bake ③ Lay-up & Press Epoxy PSMA Additive Hot press B-stage bake Cu foil Glass cloth Prepreg Prepreg Varnish Res
Slide 41: Thank You
Thank You ☏ +886-7-6236199 TEL FAX ⎙ +886-7-6244228 EMAIL WEB customer@qualipoly.com.tw ⊕ www.qualipoly.com.tw ADDRESS ⌂ No. 2, Yong Gong 5th Rd., Yong An Dist., Kaohsiung 828, Taiwan Qualipoly Chemical Corporation Copyright © 2026 QPC. All rights reserved. | Qualipoly Confidential