Slide 1: Sinyi Realty Inc. 2026Q1 Investors' Conference
Sinyi Realty Inc. 2026Q1 Investors' Conference Chen, Chih-Huan, Chief Finance Officer Cheng, Jin-De, manager of real estate research department 1
Slide 2: Outline
2025 consolidated Outline Operational highlights Q1 financial performance and financial indicators Operational Results Real estate brokerage business and other business Financial Results Significant changes of assets, liabilities and equities Forward-looking Market prospect and corresponding actions
Slide 3: Disclaimer
Disclaimer The information herein and the presentation made during the conference contain forward-looking statements and are provided for information purposes only. Neither Sinyi Realty Inc. nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statemen
Slide 4: 2026 Q1 Operational highlights
2026 Q1 Operational highlights Consolidated Revenue NT$2,877 Million YoY quarterly revenue increased by NT$664 million (+30%), primarily driven by the recognition of NT$601 million from the remaining 20% units of Sinyi Development's“Jiapin” project. Revenue from real estate brokerage services is com
Slide 5: Revenue contribution by business segment
Revenue contribution by business segment Operational highlights 2026Q1 2025Q1 Japan China (development 8% subsidiaries) China (non-development China (non-development subsidiaries) 4% subsidiaries) 2% Domestic 1% Domestic non-development development subsidiaries subsidiaries 21% 6% Sinyi Realty Inc.
Slide 6: Quarterly Performance
Quarterly Performance Consolidated Revenue (In 100 million NTD) 2026Q1 vs 2025Q4 Description： 46.47 • Impacted by the seasonal decrease in working days during the first quarter, 2026Q1 real estate brokerage service revenue decreased by NT$291 million (-12%) compared to 2025Q4. 28.77 22.93 23.04 • Si
Slide 7: Store Count and Distribution
Store Count and Distribution Operational Results As of 2026/4/30 and 2025/12/31 Taoyuan- Hsinchu area FY2026 63 FY2025 63 Taipei Metro Area FY2026 249 Taichung area FY2025 255 FY2026 64 FY2025 69 Tainan-Kaohsiung area Total FY2026 60 FY2026 436 FY2025 60 FY2025 447 7
Slide 8: Development Projects of Sinyi's Subsidiaries in 2026Q1
Development Projects of Sinyi's Subsidiaries in 2026Q1 Operational Results Accumulated Total 2026Q1 (As of March 31, 2026) Project Available Rate of Delivered Revenue Delivered Revenue Units sale Units Recognized Units Recognized NT$ NT$ Jiapin 114 100% 114 23 2,758M 601M Shanshui NT$ NT$ 608 74% 43
Slide 9: Development Schedule of Tourism Business
Development Schedule of Tourism Business Operational Results 1. Schedule on Hotel in Melinsung 2024 2027 year end Begin Hotel Grand opening of construction Hotel Mainly carrying out structural construction works for main building (1F to 17F) and contract awarding, as well as finalizing the interior
Slide 10: Balance Sheet Highlights (1/2)
Financial Results Balance Sheet Highlights(1/2) As of March 31st 2026 vs December 31st 2025 Cash and cash equivalents Net increase of NT$221 million is primarily driven by EBITDA of NT$433 million, final payment collection from delivery of the remaining units of Sinyi Jiaping, payment of 2025 bonuse
Slide 11: Balance Sheet Highlights (2/2)
Financial Results Balance Sheet Highlights(2/2) As of March 31st 2026 vs December 31st 2025 Property, plant and equipment An increase of NT$297 million is primarily driven by the ongoing construction for the Malaysia hotel project, which accounted for increase of NT$280 million. Total borrowings An
Slide 12: Corresponding Strategy
Corresponding Strategy Forward-looking Market Atmosphere Real Estate Brokerage Business Strategy in Taiwan The Central Bank's slight adjustments to housing policies have helped alleviate the market's Continue to deepen the Dream Fulfillment downturn sentiment. However, the market Initiative, leverag
Slide 13: Housing Market Outlook for 2026Q3
Forward-looking Housing Market Outlook for 2026Q3 A slight recovery in buying momentum has been observed following the conclusion of the Central Bank's Board of Directors and Supervisors meeting. Reaching a record high in the stock market have provided a strong support base for the real estate d
Slide 14: Appendix: Financial figures
Appendix：Financial figures Income Statement Analysis Inventory details Balance Sheet Analysis Cash flow details 14
Slide 15: Appendix I: YoY Variance – Consolidated Profit and Loss
Appendix I Expressed in NT$ thousand 2026Q1 2025Q1 Diff. Diff(%) YoY Variance Net sales 2,876,811 2,212,968 663,843 30% – Consolidated Operating cost 2,211,799 1,746,124 465,675 27% Profit and Loss Gross Profit 665,012 466,844 198,168 42% Operating expense 455,519 436,448 19,071 4% Operating profit
Slide 16: Appendix II: Real Estate Brokerage & Tourism Businesses
Appendix II YoY Variance Expressed in NT$ thousand –Real Estate 2026Q1 2025Q1 Diff. Diff(%) Brokerage & Service revenue 2,166,897 2,204,696 (37,799) -2% Tourism Cost of sales 1,637,884 1,743,031 (105,147) -6% Businesses Gross Profit 529,013 461,665 67,348 15% Operating expenses 405,197 399,004 6,193
Slide 17: Appendix III: Revenue and Profit/Loss of Real Estate Brokerage Business
Appendix III YoY Variance –Revenue and Profit/Loss of Real Estate Brokerage Business Expressed in NT$ thousand Net sales 2026Q1 2025Q1 Diff. Diff(%) Sinyi Reality 1,791,695 1,856,109 (64,414) -3% An-Sin & An-Shin 50,240 46,354 3,886 8% Shanghai Sinyi 17,486 27,328 (9,842) -36% Suzhou Sinyi 16,494 15
Slide 18: Appendix IV: Profit/Loss of Brokerage & Tourism Businesses
Appendix IV YoY Variance –Profit/Loss of Real Estate Brokerage & Tourism Businesses Expressed in NT$ thousand Net sales 2026Q1 2025Q1 Diff. Diff(%) Japan Sinyi 54,807 75,139 (20,332) -27% Sinyi Global Asset 38,708 17,647 21,061 119% An-Sin & An-Shin 7,330 5,786 1,544 27% Fidelity Malaysia (2,683) (1
Slide 19: Appendix V: Profit/Loss of Development Business
Appendix V YoY Variance –Profit/Loss of Development Business Expressed in NT$ thousand 2026Q1 2025Q1 Diff. Diff(%) Sales revenue 708,743 2,764 705,979 25542% Service revenue - 5,508 (5,508) na. Rental revenue 1,171 - 1,171 na. Cost of sales 573,915 3,093 570,822 18455% Gross Profit 135,999 5,179 130
Slide 20: Appendix VI: Current Assets
Appendix VI Expressed in NT$ thousand YoY Variance 2026.03.31 2025.12.31 Diff. Diff(%) –Asset Current Assets Cash & Cash 4,695,442 4,474,574 220,868 5% equivalents Financial Assets at Fair 1,469,173 1,503,807 (34,634) -2% Value through P&L Trade & Notes 1,127,436 1,226,928 (99,492) -8% Receivable Ot
Slide 21: Appendix VII: Non-Current Assets
Appendix VII Expressed in NT$ thousand YoY Variance 2026.03.31 2025.12.31 Diff. Diff(%) –Asset Non-Current Assets Financial Assets measured at fair value 28,021 28,890 (869) -3% through profit and loss Financial Assets measured at fair value 104,095 107,669 (3,574) -3% through other comprehensive in
Slide 22: Appendix VIII: Current Liabilities
Appendix VIII YoY Variance Expressed in NT$ thousand –Liability 2026.03.31 2025.12.31 Diff. Diff(%) Current Liabilities Short-term Borrowings 404,164 394,512 9,652 2% Contract Liabilities 562,944 868,447 (305,503) -35% - current Trade payable & Notes 466,582 531,182 (64,600) -12% payable Other Payab
Slide 23: Appendix IX: Non-Current Liabilities
Appendix IX YoY Variance Expressed in NT$ thousand –Liability 2026.03.31 2025.12.31 Diff. Diff(%) Non-Current Liabilities Bonds Payable 900,000 900,000 - - Long-term Borrowings 8,438,314 7,570,121 868,193 11% Lease Liabilities - non- 2,926,551 2,956,767 (30,216) -1% current Deposits Received 28,705
Slide 24: Appendix X: Shareholders' Equity
Appendix X Expressed in NT$ thousand YoY Variance 2026.03.31 2025.12.31 Diff. Diff(%) –Shareholders’ Ordinary shares 7,368,465 7,368,465 - 0% Equity Capital surplus 64,115 63,983 132 0% Legal reserve 3,257,815 3,257,815 - 0% Special reserve 490,275 490,275 - 0% Unappropriated earnings 2,213,356 2,05
Slide 25: Appendix XI: Inventory as of March 31, 2026
Appendix XI Inventory as of March 31, 2026 Expressed in NT$ thousand Expected Completion Year of 2026.03.31 2025.12.31 2025.03.31 the Sales Contract Property under development Xinzhuang District, New Taipei City Before the (JiaHsueh project) end of 2028. 1,579,308 1,523,683 1,345,253 Banqiao Distric
Slide 26: Appendix XII: Consolidated Cash Flows
Appendix XII Consolidated Cash Flows Expressed in NT$ thousand 2026Q1 2025Q1 YoY Beginning Balance 4,474,574 4,205,337 269,237 Net cash (used in) generated from operating activities (303,993) (1,117,628) 813,635 Net cash generated from (used in) investing activities (300,580) (746,660) 446,080 Net c
Slide 27: Contact Information
Contact Information Spokesperson of Finance Dept Contact Phone Number Email to the Company Chen, Chih-Huan Su, Pei-Yi #42602 (02)2755-7666 Investor@sinyi.com.tw Vice general manager Manager