Chang Wah Technology Co., Ltd. · TPEX:6548
Chang Wah Technology — Q4 2025 Earnings Presentation
16 slides from Chang Wah Technology's earnings presentation, Jan 28, 2026
Slide 1: CWTC (6548 TT) January 28, 2026
January 28, 2026 CWTC (6548 TT)
Slide 2: Forward-looking Statement
Forward-looking Statement Information included in this press release that are not historical in nature are "forward looking statements“. CWTC cautions readers that forward looking statements are based on CWTC’s reasonable knowledge and current expectations and are subject to various risks and uncert
Slide 3: Agenda
Agenda 4Q25 Financial Results 1Q26 Outlook 3
Slide 4: Statements of Comprehensive Income (Quarterly)
Statements of Comprehensive Income (Quarterly) NTD $ mn 2025 4Q** 2025 3Q QoQ 2024 4Q YoY Revenue 3,503 3,496 0% 3,169 11% Gross Profit 749 788 -5% 748 0% Operating Profit 454 450 1% 432 5% Non-Opersting Items 152 204 -25% 224 -32% Pretax Income 606 654 -7% 656 -8% Tax Expenses 123 128 -4% 120 3% Ne
Slide 5: Statements of Comprehensive Income (Yearly)
Statements of Comprehensive Income (Yearly) NTD $ mn 2025 Y** 2024Y YoY Revenue 13,428 11,987 12% Gross Profit 2,914 2,885 1% Operating Profit 1,677 1,657 1% Non-Opersting Items 235 704 -67% Pretax Income 1,912 2,362 -19% Tax Expenses 361 430 -16% Net Income to Shareholders of the 1,503 1,896 -21% P
Slide 6: Revenue by Front-end process (Quarterly)
Revenue by Front-end process (Quarterly) 2024 4Q 2025 4Q Stamping Stamping 45% Etching 45% 55% Etching 55% * Classified by sales amount (US$) 6
Slide 7: Revenue by Front-end process (Accumulated)
Revenue by Front-end process (Accumulated) 2025 2024 Stamping Stamping Etching 47% Etching 46% 54% 53% * Classified by sales amount (US$) 7
Slide 8: Revenue by Product (Quarterly)
Revenue by Product (Quarterly) 2025 4Q 2024 4Q EMC EMC LED LED IC 9% IC Discrete 9% Discrete 29% 32% 16% 16% QFP QFN QFP QFN 15% 31% 29% 14% Discrete：small outline transistor, SOT * Classified by sales amount (US$) 8
Slide 9: Revenue by Product (Accumulated)
Revenue by Product (Accumulated) 2025 2024 EMC EMC LED LED 9% 9% IC IC Discrete 30% Discrete 32% 17% 18% QFP QFN QFP QFN 15% 26% 15% 29% Discrete：small outline transistor, SOT * Classified by sales amount (US$) 9
Slide 10: Revenue by Application (Quarterly)
Revenue by Application (Quarterly) 2025 4Q 2024 4Q Others 3% Others 3% Industrial Industrial 25% 22% 3C 48% 3C Automotive Automotive 47% 24% 28% * Classified by sales amount (US$) 10
Slide 11: Revenue by Application (Accumulated)
Revenue by Application (Accumulated) 2025 2024 Others Others 3% 3% Industrial Industrial 24% 21% 3C 3C 48% 44% Automotive Automotive 25% 32% * Classified by sales amount (US$) 11
Slide 12: Balance Sheet
Balance Sheet NT$ mn 2025 4Q* 2025 3Q 2025 2Q 2025 1Q Cash & Marketable Securities 5,795 7,004 7,230 6,510 Accounts Receivable 2,992 2,977 2,615 2,650 Inventories 2,924 2,652 2,435 2,484 Net PP&E 3,125 3,111 3,394 3,551 Total Assets 22,854 22,110 21,436 21,727 Current Liabilities 5,462 5,953 4,850 4
Slide 13: Cash Flow Statement
Cash Flow Statement NT$ mn 2025 4Q* 2025 3Q 2025 2Q 2025 1Q Beginning Balance 6,767 7,068 6,346 5,334 cash flows from operating 551 373 382 573 cash flows from investing -1,807 -202 603 557 cash flows from financing -418 -813 677 -222 Effect of exchange rate changes 304 341 -940 104 Net increase (de
Slide 14: 1Q26 Outlook
4Q25 Financial Results 1Q26 Outlook 14
Slide 15: Q1'26 guidance
Q126 guidance Based on our current business outlook, the management expects: Optimistic on Q1 performance and expected to outperform the traditional low season. ⚫ Positive outlook for the 2026 lead frame market； ⚫ Price increases for IC and EMC products implemented from Q1； ⚫ Steady demand across al
Slide 16: Q&A – IR
Q&A Investor Presentation – IR cwtkh@cwtcglobal.com 16