China Motor Corporation · TWSE:2204
China Motor — Q4 2025 Earnings Presentation
36 slides from China Motor's earnings presentation, Mar 25, 2026
Slide 1: China Motor Corporation 2025/Q4 Investor Conference
China Motor Corporation 2025/Q4 Investor Conference (Ticker Symbol ：2204) Presenter: Ching-Wu Chien Vice President Mar 25, 2026
Slide 2: Safe Harbor Notice
1 Safe Harbor Notice This presentation contains forward-looking statements concerning the financial condition, results of operations and businesses of China Motor Corporation (“CMC”). All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. For
Slide 3: Agenda
2 1 CMC's Operating Results in 2025 Q4 2 ESG Achievement 3 CMC's Operating Prospects in 2026 4 Q&A
Slide 4: CMC's Operating Results in 2025 Q4
CMC's Operating Results in 2025 Q4
Slide 5: 2025 vs. 2024: Sales Performance
4 CMC‘s Operating Results in 2025 Q4 2025 vs. 2024 : Sales Performance Taiwan’s Automotive Market vs. CMC Sales (Vehicle Deliveries) Performance Market Overview：U.S. tariff policy uncertainty weighed on market sentiment. Demand rebounded after Q4 tax policy clarity. In 2025, the total sales in Taiwa
Slide 6: 2025 vs. 2024: Consolidated Income Statement
5 CMC‘s Operating Results in 2025 Q4 2025 vs. 2024 : Consolidated Income Statement Unit: NT$100 million 2025 2024 YOY Revenues 320.92 392.43 -18.22% Gross Profit 48.66 57.04 -14.69% Gross Profit Margin 15.16% 14.53% 0.63% Operating profit 11.37 17.23 -34.01% Non-Op. Income and Expenses 20.50 28.18 -
Slide 7: 2025 Q4 vs. 2024 Q4: Consolidated Income Statement
6 CMC‘s Operating Results in 2025 Q4 2025 Q4 vs. 2024 Q4 : Consolidated Income Statement Unit: NT$100 million 2025 Q4 2024 Q4 YOY Revenues 81.32 70.22 15.81% Gross Profit 8.40 5.53 51.90% Gross Profit Margin 10.33% 7.88% 2.45% Operating profit 1.97 (1.38) - Non-Op. Income and Expenses 4.98 6.71 -25.
Slide 8: Announcement of 2025 Cash Dividend Distribution
7 Announcement of 2025 Cash Dividend Distribution 1 EPS 5.47 NTD/share Cash Dividend & 2 Payout Ratio 3.60 NTD/share 65.8％ 3 Dividend Yield 6.7% 4 Ex-dividend date Jul 23 5 Payment date Aug 28 ※ The dividend yield is calculated based on the cash dividend of NTD 3.6 and the stock price of NTD 53.8 on
Slide 9: 2026 Annual General Meeting Information
8 2026 Annual General Meeting Information 1 Meeting date May 29, 10:00 AM 2 Venue 1F, Dome Theater, No. 3, Sec. 3, Zhongxing Rd., Xindian Dist., New Taipei City, Taiwan 3 Approval of FY2025 financials and earnings distribution Key agenda items Other agenda items: see MOPS disclosures
Slide 10: CMC's Operating Results in 2025 Q4
CMC's Operating Results in 2025 Q4
Slide 11: XFORCE 2025/12/30 New model launch
XFORCE 2025/12/30 New model launch CMC has maintained a long-term technical partnership with M IT SUBISHI IS BAC K !! Mitsubishi Brand Philosophy : Kaku(Structure),Tan (Strength), Jun (Purity) Evolving from technology licensing to joint vehicle Returning to the fundamentals of automotive craftsmansh
Slide 12: XFORCE: Five Key Advantages
XFORCE｜Five Key Advantages In addition to Mitsubishi’s strong off-road capability, it features the only full Level 2 ADAS in its segment globally, along with a refined quiet cabin experience. 1 2 3 4 5 探索 x Force 安全 x Force 科技 x Force 舒適 x Force 貼心 x Force 全地形駕馭能力 全方位智慧防護 前瞻數位座艙 便利機能空間 極致乘車體驗 222m
Slide 13: XFORCE: Off-road Capability & Precision Handling
XFORCE｜Off-road Capability & Precision Handling All-terrain capability｜Four drive modes｜AYC (Active Yaw Control) • Off-road capability： Equipped with four drive modes (Normal / Wet / Gravel / Mud), integrating control of power, braking, traction, and steering to enhance stability and driving perform
Slide 14: XFORCE: Refined Cabin Experience
XFORCE｜Refined Cabin Experience Leveraging generative AI analysis, sound insulation and absorption materials are strategically applied across key areas, including the front wheel arch, dashboard, tailgate, and floor. For the Taiwan market, XFORCE further enhances cabin quietness and ride comfort, wh
Slide 15: XFORCE: Level 2 ADAS
XFORCE｜Level 2 ADAS The only model in its launch markets equipped with a full Level 2 ADAS suite！！
Slide 16: XFORCE: Level 2 ADAS
XFORCE｜Level 2 ADAS Co-developed with Mitsubishi, featuring the most comprehensive ADAS suite in its class, integrating advanced functions such as LKA, ELK, and ACC with TSR. MITSUBISHI T牌 T牌 H牌 N牌 M牌 編號 名稱 XFORCE C車 Y車 H車 K車 Z車 SAE Level Level 2 Level 2 Level 1 Level 2 Level 1 Level 2 1 ACC 主動車距控制巡
Slide 17: 2025 Mitsubishi Global Manufacturing Skills Competition Results
2025 Mitsubishi Global Manufacturing Skills Competition Results Competing alongside international teams from Japan, Thailand, and other countries, demonstrating manufacturing excellence and continuously enhancing overall competitiveness. • In its first participation in the Mitsubishi Motors Global M
Slide 18: Night Maintenance Services Launched Across Taiwan
Night Maintenance Services Launched Across Taiwan Extended service hours to provide customers with more flexible maintenance options. Effective Jan 2, 2026, night maintenance services are available at 16 service centers across Taiwan： 北 中 南 台北市 匯豐汽車北投廠 新竹市 匯豐汽車新竹廠 台南市 匯豐汽車台南廠 台北市 匯豐汽車南港廠 台中市 匯豐汽車豐原廠
Slide 19: HCT Logistics deploys 30 ET35 electric commercial vehicles
HCT Logistics deploys 30 ET35 electric commercial vehicles Enabling cost efficiency and operational upgrades through electrification and connectivity, supporting the transition to low-carbon transport. • Cost Efficiency Up to ~NTD 60K annual savings from fuel, tax, and maintenance. • Smart Operation
Slide 20: 2026 iF Design Award: ET35
2026 iF Design Award : Recognized globally for innovation ET35 enables globally competitive public service solutions • Technology Advantage：Through redesign, the loading height has been reduced from 150–170 cm to 110–120 cm, lowering user effort during disposal. Additional temporary storage space is
Slide 21: Company-wide AI Enablement Initiative
【Company-wide AI Enablement Initiative】 By integrating hardware and software expertise, CMC has achieved tangible results in both R&D and manufacturing. Manufacturing --- Smart manufacturing and workplace R&D --- Improved efficiency and integrated expertise safety monitoring • Aerospace-grade 3D las
Slide 22: Company-wide AI Enablement Initiative
【 Company-wide AI Enablement Initiative 】 Operational Enablement & Core Capability Building Integrating digital tools and talent to drive automation and data-driven value creation Agile Organizational Integration Talent Development Optimization • AI chatbots and smart tools • AI-driven capability ga
Slide 23: ESG Achievement
ESG Achievement CNC
Slide 24: Supporting the Yonglin Mobility Fleet social initiative
Supporting the “Yonglin Mobility Fleet” social initiative Over 200 mobility vehicles delivered｜Production→Conversion→After-sales service • Comprehensive product lineup ： Provides a one-stop solution to meet diverse mobility needs for social initiatives, with over 200 vehicles delivered. • Extensive
Slide 25: Rebuilding Local Mobility: CMC Recovery Initiative
Rebuilding Local Mobility：CMC Recovery Initiative In response to post-disaster transportation disruptions in Hualien, the Company mobilized internal resources and local partnerships to initiate recovery and rebuilding efforts. In collaboration with the Fubon Connecting communities through Guardians,
Slide 26: The 3rd HOME RUN Little League Taiwan Cup Baseball Tournament
The 3rd "HOME RUN Little League Taiwan Cup Baseball Tournament" Sports-driven engagement supporting recovery and community connection : • Strengthening mobility resilience : Advancing the CMC Recovery Initiative, CMC hosted the 3rd tournament in Hualien, bringing together seven teams for exchange. •
Slide 27: All-age Talent Strategy
ESG 推動成果 All-age Talent Strategy Mitigates labor shortages through family-friendly policies to retain talent, while fostering an age-inclusive workplace to preserve experience and expertise—forming a dual-engine talent strategy. Family-friendly Talent Retention Age-inclusive Workforce Retention • Es
Slide 28: 2025 CMC ESG Achievements Review
ESG 推動成果 2025 CMC ESG Achievements Review Recognized for Strong ESG Performance TOP 5% 上市櫃公司 (臺灣永續指數專屬Logo) Recognized in the top 5% of Corporate Ranked in the Top 6.12% as a Re-included 「FTSE4Good TIP Taiwan ESG Index」 Governance Evaluations for 11 Supplier Engagement Leader in Dec. 2025 consecutiv
Slide 29: CMC's Operating Prospects for 2026
CMC's Operating Prospects for 2026
Slide 30: 2026 Operating Objectives
29 2026 Operating Objectives Supported by vehicle tax incentives and greater clarity on tariffs, Taiwan’s auto market is expected to recover to 439,000 units in 2026. However, ongoing external uncertainties since the beginning of the year continue to pose challenges. In 2026, CMC will introduce
Slide 31: CMC Operating Goals in 2026
30 CMC Operating Goals in 2026 Auto Business in Taiwan in 2026 Operating Goals *Including OEM and Imported Vehicles 18.6 by 1.4
Slide 32: Two-Year, Five-Model Product Roadmap
「Two-Year, Five-Model」 Product Roadmap Five new models planned over the next two years. Strengthening the passenger vehicle lineup, with additional flagship models to be introduced following XFORCE. 31
Slide 33: Multi-powertrain Strategy: Smart Commercial Vehicles
Multi-powertrain Strategy Smart Commercial Vehicles In 2024, J SPACE light commercial truck/van launched, continuing to see strong sales. In 2025 , ET35 mid-size electric commercial vehicle launched. In 2026, CMC plans to introduce the ET35 double-cab variant and further expand into additional segme
Slide 34: Multi-powertrain Strategy: MG brand
持續發展多元動力系統 Under regulatory compliance, the MG brand continues to increase 智慧商用車 localization, expand its product lineup, and drive ongoing growth.
Slide 35: Q&A
Q&A
Slide 36: Thank You For Watching
THANK YOU FOR WATCHING CNC