Pou Chen Corporation · TWSE:9904
Pou Chen — Investor Presentation (September 2026)
23 slides from Pou Chen's investor presentation, September 2026
Slide 1: September 2026
September 2026 https: //www.pouchen.com E-mail: ir@pouchen.com PROFESSIONALISM DEDICATION INNOVATION SERVICE
Slide 2: Disclaimer
Disclaimer Pou Chen has taken all reasonable care in preparing this presentation. However, please be reminded that the information, materials, opinions and statements contained or referred to in this presentation are all provided on an “as is” basis. None of the aforesaid information, materials, opi
Slide 3: Table of Contents
Table of Contents 1 Pou Chen’s Profile P. 3 2 Business Overview P. 5 3 Footwear Business – Yue Yuen P. 7 4 Retail Business – Pou Sheng P. 11 5 Financial Highlights P. 15 2
Slide 4: Pou Chen’s Profile
Pou Chen’s Profile To benefit healthy lives by providing the most valuable solutions in the sports industry and beyond. • Founded in 1969; listed on the TWSE in 1990 • Paid in Capital: NT$29,468 mn • Market Cap.: NT$74,701 mn (@NT$25.35 as of 2026/06/30) • Revenue: NT$126,090 mn (1H2026 Consolidated
Slide 5: Group Structure
Group Structure 寶成工業 Pou Chen Corp. (9904.TW) Footwear Retail Others 51.36% (32.19%)(1) Real Estate Yue Yuen Pou Sheng Development (00551.HK) (03813.HK) Shoes Retail Sales network Hotel Operation Upstream Business Wholesale Business Retail via Pou Sheng(2) (Updated: 2026/06/30) (1) Pou Chen through
Slide 6: Business Overview
Business Overview Segment Revenue Pou Chen FY2023 FY2024 FY2025 1H2025 1H2026 YoY (Consolidated) (NT$mn; %) (NT$mn; %) (NT$mn; %) (NT$mn; %) (NT$mn; %) (%) Footwear 157,726 63.9% 180,734 68.5% 175,917 70.0% 89,025 68.6% 84,315 66.9% -5.3% Retail 87,973 35.7% 82,158 31.1% 74,586 29.7% 40,357 31.1% 41
Slide 7: Business Overview
Business Overview Pou Chen’s 7M2026 unaudited consolidated sales decreased Y-o-Y by 2.6% to NT$145.7 bn. Revenue – Footwear Revenue - Retail (NT$mn) (NT$mn) 180,734 175,917 157,726 89,025 84,315 87,973 82,158 74,586 40,357 41,295 2023 2024 2025 1H2025 1H2026 2023 2024 2025 1H2025 1H2026 Revenue – Ot
Slide 8: Footwear Business – Yue Yuen
Footwear Business – Yue Yuen A global leader in the manufacture of athletic/outdoor and casual footwear Diversified portfolio of world-renowned brand customers and production sites Responsiveness, flexibility, innovation, design and development capabilities, and superior quality Country % of V
Slide 9: Yue Yuen – Financial Highlights
Yue Yuen – Financial Highlights Product Category FY2023 FY2024 FY2025 1H2025 1H2026 YoY (US$mn; %) (US$mn; %) (US$mn; %) (US$mn; %) (US$mn; %) (%) Shoes(1) 4,657 59.0% 5,169 63.2% 5,297 65.9% 2,611 64.3% 2,485 62.6% -4.8% Soles, Components, Others 402 5.1% 452 5.5% 351 4.4% 187 4.6% 181 4.5% -3.3% P
Slide 10: Yue Yuen – Financial Highlights
Yue Yuen – Financial Highlights Yue Yuen’s 7M2026 unaudited sales decreased Y-o-Y by 3.2% to US$4.6 bn. Revenue Gross Margin (US$mn) (US$mn) 24.4% 24.4% 22.8% 22.6% 20.7% 7,890 8,182 8,031 4,060 3,972 1,925 1,993 1,828 919 824 2023 2024 2025 1H2025 1H2026 2023 2024 2025 1H2025 1H2026 Net Income(1) N
Slide 11: Footwear Business – Gross Margin Trend
Footwear Business – Gross Margin Trend 22.8 20.3 20.6 20.5 19.7 19.2 19.3 19.4 18.2 18.3 17.1 17.8 17.9 18.1 18.0 17.7 17.8 16.8 16.0 14.8 13.8 6.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY2021 FY2022 FY2023 FY2024 FY2025 1H2026 15.5% 18.4% 19.2% 19.9% 18.2% 14.3% 10
Slide 12: Retail Business – Pou Sheng
Retail Business – Pou Sheng One of the largest integrated retailers and distributors for sportswear brands in the Greater China region Multi-faceted Brand Strategy: adidas, Converse, Nike, Puma, Skechers, and Under Armour Brick & Mortar Retail – A critical & irreplaceable sales touch point for
Slide 13: Pou Sheng – Financial Highlights
Pou Sheng – Financial Highlights Financial Highlights FY2023 FY2024 FY2025 1H2025 1H2026 YoY (RMB mn; %) (RMB mn; %) (RMB mn; %) (RMB mn; %) (RMB mn; %) (%) Revenue 20,064 18,454 17,132 9,159 8,965 -2.1% Gross Profit 6,756 6,309 5,736 3,069 3,043 -0.9% Gross Margin 33.7% 34.2% 33.5% 33.5% 33.9% +0.4
Slide 14: Pou Sheng – Financial Highlights
Pou Sheng – Financial Highlights Pou Sheng’s 7M2026 unaudited sales decreased Y-o-Y by 3.4% to RMB10.0 bn. Revenue Operating Margin (RMB mn) (RMB mn) 3.7% 3.8% 3.9% 20,064 3.1% 18,454 17,132 2.1% 9,159 8,965 736 709 362 282 348 2023 2024 2025 1H2025 1H2026 2023 2024 2025 1H2025 1H2026 Net Income(1)
Slide 15: Pou Sheng – Operating Margin Trend
Pou Sheng – Operating Margin Trend 7.1 7.2 5.7 5.8 4.8 5.1 4.5 4.4 4.5 3.5 3.0 2.7 1.5 1.3 1.3 1.7 1.4 0.3 0.8 0.8 0.5 -1.3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY2021 FY2022 FY2023 FY2024 FY2025 1H2026 4.0% 2.2% 3.7% 3.8% 2.1% 3.9% 14
Slide 16: Financial Highlights – Pou Chen (Consolidated)
Financial Highlights – Pou Chen (Consolidated) Segment Revenue Segment Income(1) Footwear Retail Others Footwear Retail Others 0.4% 0.4% 0.3% 0.3% 0.4% 2.1% 1.8% 2.0% 1.8% 2.7% 100% 100% 18.3% 15.5% 13.8% 16.8% 31.1% 29.7% 31.1% 32.7% 24.8% 80% 35.7% 80% 60% 60% 40% 40% 79.6% 82.7% 84.2% 81.4% 68.5%
Slide 17: Financial Highlights – Pou Chen (Consolidated)
Financial Highlights – Pou Chen (Consolidated) (NT$mn) FY2023 FY2024 FY2025 Revenue 246,634 263,818 251,400 Gross Profit 61,111 65,175 58,127 Gross Margin 24.8% 24.7% 23.1% Operating Expenses 50,895 49,221 46,560 Operating Income 10,216 15,954 11,567 Operating Margin 4.1% 6.1% 4.6% Non-operating Inc
Slide 18: Financial Highlights – Pou Chen (Consolidated)
Financial Highlights – Pou Chen (Consolidated) 1H2025(2) 1H2026 YoY (NT$mn) (Restated) Revenue 129,806 126,090 -2.9% Gross Profit 29,858 26,596 -10.9% Gross Margin 23.0% 21.1% -1.9 pp Operating Expenses 24,031 23,754 -1.2% Operating Income 5,827 2,842 -51.2% Operating Margin 4.5% 2.3% -2.2 pp Non-op
Slide 19: Financial Highlights – Pou Chen (Consolidated)
Financial Highlights – Pou Chen (Consolidated) Revenue Gross Margin (NT$mn) (NT$mn) 24.8% 24.7% 23.1% 23.0% 246,634 263,818 251,400 21.1% 129,806 126,090 61,111 65,175 58,127 29,858 26,596 2023 2024 2025 1H2025 1H2026 2023 2024 2025 1H2025 1H2026 Net Income (Loss) (1) Net Margin / EPS (NT$mn) (NT$)
Slide 20: Dividend Policy
Dividend Policy FY2021 FY2022 FY2023 FY2024 FY2025 Dividend / Per Share - Pou Chen (NT$) 1.50 1.30 1.10 1.70 1.30 (Cash 1.50) (Cash 1.30) (Cash 1.10) (Cash 1.70) (Cash 1.30) - Yue Yuen (HK$) 0.20 1.10 0.90 1.30 1.30 (Final 0.20) (Interim 0.40 / Final 0.70) (Interim 0.20 / Final 0.70) (Interim 0.40 /
Slide 21: Sustainability
Sustainability The World’s Only FLA-Accredited Footwear Manufacturer, upholding the obligations of FLA’s participating suppliers by actively participating in various projects and supporting relevant industry initiatives, including singing the “Responsible Recruitment” jointly promulgated by FLA and
Slide 22: Growth Strategy
Growth Strategy Irreplaceable Partnership 5 Values 4 Directions Speed 3 Segments Design 2 E2E Platform Flexibility Footwear Equipment OEM/ODM The Most 1 Valuable Innovation Apparel Platform Material Retail Quality Accessories Process Sustainability Unique Strategic Value 21
Slide 23: THANK YOU
THANK YOU