Rechi Precision Co. Ltd. · TWSE:4532
Rechi Precision — H1 2026 Earnings Presentation
21 slides from Rechi Precision's earnings presentation, Sep 16, 2026
Slide 1: RECHI Investor Conference
RECHI Investor Conference 16 Sep. FY26
Slide 2: Agenda
Agenda • Welcome C. M. Yang , Vice Chairman • 2026 H1 Financial Results Justin Ko , CFO • 2026 H1 Market Review M. F. Feng , General Manager • Future Business Outlook M. F. Feng , General Manager • Q&A 2
Slide 3: Safe Harbor Notice
Safe Harbor Notice • RECHI’s statements of its current expectations are forward looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward-looking statements. • Except as required by law, we undertake no obligation t
Slide 4: 2026 H1 Financial Results
2026 H1 Financial Results a RECHI
Slide 5: 2026 H1 Summary of Operational Highlights
2026 H1 Summary of Operational Highlights Sales Gross profit margin Net income revenues NTD/K 17.01% NTD/K 12,356,155 645,520 14.05% 12,086,804 519,500 FY2026 1-6M Actual FY2025 1-6M Actual FY2026 1-6M Actual FY2025 1-6M Actual FY2026 1-6M Actual FY2025 1-6M Actual 1. Compressor sales volume reached
Slide 6: Sales Volume and Financial Report Trend Chart
Sales Volume and Financial Report Trend Chart three margin: Unit:10,000 sets % 18.00% 17.01% 16,000 15.92% 16.14% 16.00% 15.54% 13,470 14,000 12,678 14.05% 14.00% 12,000 11,147 12.00% 10,085 9,311 10,000 10.00% Sales volume 8,000 GPM 7.95% 8.00% OPM 6.83% 6,000 NPM 5.54% 4.97% 5.71% 6.00% 5.34% 5.00
Slide 7: 2026H1 RECHI Sales: Application ratio
2026H1 RECHI Sales : Application ratio 2025H1 2026H1 Others Others others Dehumidifier 14% 13% Dehumidifier 14% 7% 8% Split AC Dryer Split AC Dryer 47% 12% 52% 11% Portable AC Portable AC 15% 21% Others : window AC、Unitary、industrial use、Truck parking、PTAC 7
Slide 8: 2026 H1 Income statement
2026 H1 Income statement Unit: NT$K 2026H1 % 2025H1 % YoY Change Growth % Compressor sales 13,470,508 12,678,116 792,392 6.3 volume (units) Sales revenues 12,356,155 100.0 12,086,804 100.0 269,351 2.2 Cost of goods sold -10,620,483 -86.0 -10,030,578 -83.0 -589,905 -5.9 Gross profit 1,735,672 14.0 2,
Slide 9: 2026 H1 Balance sheet
2026 H1 Balance sheet Unit: NT$K 2026/6/30 % 2025/12/31 % Change Cash and cash equivalents 3,866,460 12.1% 4,201,413 14.8% -334,953 Notes and accounts receivable 10,827,148 33.9% 8,197,842 28.9% 2,629,306 Inventories 2,266,109 7.1% 2,497,003 8.8% -230,894 Net property, plant and 5,416,603 17.0% 5,30
Slide 10: 2026 H1 Cash flow statement
2026 H1 Cash flow statement Unit: NT$K 2026H1 2025H2 2025H1 Cash at beginning of period 4,201,413 5,839,139 5,839,139 Net cash flow from operating activities 2,242,617 90,336 -953,340 Net cash flow from investing activities -2,175,343 -1,548,934 -1,253,794 Short-term borrowings and short-term notes
Slide 11: 2026 H1 Overseas Joint-Venture Plant Progress
2026 H1 Overseas Joint-Venture Plant Progress India Plant Completion targeted in FY27 Q2; mass production in FY27 Q3 Planned annual capacity of 2 million units Mainly inverter compressors for RAC, serving the local Indian market ※ Currently serving local Indian customers on an OEM basis Site a
Slide 12: ESG Implementation Results
ESG Implementation Results 15 CSR projects implemented in 2025: 2025 Corporate Governance Evaluation: top Regular coastal cleanups and community Per ISO 14064 third-party verification, 36%~50% road maintenance 2025 total GHG emissions were 63.1 Solar power reached 9% of plant electricity in
Slide 13: Recent Events and Awards
Recent Events and Awards WS075TJ70 compact inverter 2026 AHR Expo, North America IATF 16949 certified compressor Showcasing the latest energy-saving, high-efficiency Entering the automotive supply chain Winner of the AWE Aiplan Core Award technologies to expand market opportunities 13
Slide 14: 2026 H1 Market Review
2026 H1 Market Review a RECHI
Slide 15: Growth Rate of Global RAC Market in the First Half of 2026
Growth Rate of Global RAC Market in the First Half of 2026 Global RAC demand –9% YoY India: new housing starts and higher per-capita income, +12% YoY ↑ China: lower trade-in subsidies, soft consumer confidence and a high Europe: demand lifted by heatwaves, +6% YoY ↑ base, –17% YoY ↓ SE Asia:
Slide 16: Sales Volume of China's AC / Compressor Industry in 2026H1
Sales Volume of China's AC / Compressor Industry in 2026H1 Unit:10,000 sets Total AC Domestic Export Company FY2026 FY2025 FY2026 FY2025 FY2026 FY2025 China RAC sales: 115M units (–6.2% YoY); exports –6.8% YoY. Volume YoY Volume Volume YoY Volume Volume YoY Volume Midea 3,477 -4.0% 3,621 1,855 -3.
Slide 17: Sales Trends and Estimates of Rotary Compressors in China
Sales Trends and Estimates of Rotary Compressors in China unit: K / sets 350,000 40.00% 296,575 289,060 290,000(f) 35.00% 300,000 262,305 30.00% 250,000 233,362 25.00% 20.00% 200,000 12.40% 13.06% 15.00% 157,880 150,000 10.00% 156,450 100,000 5.00% -2.18% -2.53% 0.00% 50,000 -5.00% - -10.00% 2022 20
Slide 18: Future Business Outlook
@) Future Business Outlook a RECHI
Slide 19: Climate Change and Geopolitical Conflict Drive AC Demand
Climate Change and Geopolitical Conflict Drive AC Demand Europe 2026 Hottest June on U.S. 2026 record Temps topped 40°C, nearing Hottest July in 132 years 45°C in places Heat index topped 46°C in the East, West and Midwest Russia– Ukraine War Northeast China 2026 Hot and humid Middle Shenyang highs
Slide 20: Future Business Outlook
Future Business Outlook ➤ Expand sales with strategic customers and broaden product applications, deepening customer Marketing cooperation through a global footprint. ➤ Focus on quality, cost and delivery, and apply AI to improve operating processes and organizational Operations efficiency. ➤ Priori
Slide 21: RECHI
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