San Neng Group Holdings Co., Ltd. · TWSE:6671
San Neng — Q4 2025 Earnings Presentation
48 slides from San Neng's earnings presentation, Apr 1, 2026
Slide 1: 2025 Q4 Earnings Conference
Sanneng Group Holdings Co., Ltd. 2025 Q4 Earnings Conference Based on Taiwan, Deep in Asia, and Go global ! Reporter: Director Chang, Hsin-Yi CFO Chen, Liu-Yu April 1, 2026
Slide 2: Disclaimer
Disclaimer The information contained in this presentation, including all forward looking information, is subject to change without notice, whether as a result of new information, future events or otherwise, and Sanneng Group Holdings Co., Ltd. (the “Company”) undertakes no obligation to update or re
Slide 3: Agenda
Agenda 1 Company Overview 2 Business Performance 3 Competitive Advantage Analysis 4 Future Prospects 2
Slide 4: Company Overview
1 Company Overview 3
Slide 5: Corporate Culture
Corporate Culture Become the leading brand of professional, service and Vision trustworthy food ware in Asia Promoter of safety, environmental protection, energy Mission saving and carbon reduction of food ware Values Professionalism, integrity, innovation (Business philosophy) Purpose Improve the l
Slide 6: Company Information
Company Information San Neng - KY was established in Apr 2015 • 1982/06 – San Neng Taiwan • Squires Kitchen Jul. 2017 • 2000/08 – San Neng Wuxi • Xin Neng Wuxi Apr. 2019 • 2010/08 – San Neng Japan • San Neng Guangzhou Jan. 2022 • 2015/11 – San Neng Indonesia • 2024/02 – San Neng Indonesia Industry C
Slide 7: Investment Structure
Investment Structure: A Comprehensive and Deeply Rooted Presence in Greater China San Neng - KY CAYMAN (6671) 100% East Gain Investment Limited SAMOA 100% 100% 100% 100% 100% San Neng San Neng Hong San Neng Japan San Neng San Neng Industry Taiwan (TW) Kong (HK) (JP) Indonesia (ID) Indonesia (ID) 100
Slide 8: Our Brands
Our Brands B to B B to C B to B/C B to B/C B to C market market market market market Professional / Family / Premium / Convenient Beautiful Life Quality Heartwarming Professional /practical 7
Slide 9: Our Products
Our Products Main products: R&D, manufacturing and sales of various baking and food utensils products Baking Baking Customized Moulds Tools Homeware Food Others 8
Slide 10: Our Products
Our Products Baking Moulds Baking Trays, Loaf Pan, Cake Mould, Pie Pan, Mousse Rings…. Baking Tools Whisks, Bowls, Knives, Brushes, Cake Stands… 9
Slide 11: Our Products: Home Products
Our Products Home Products 10
Slide 12: Our Products: Outdoor Products
Our Products Outdoor Products 11
Slide 13: Product Applications
Product Applications Industrial Clients Outdoor & Camping Food Chain Coffee Market Illustrator Collaborations Aviation Kitchen Boutique Co-branded Bakery Chain Outdoor BBQ Home & Kitchen Collections 12
Slide 14: Our R&D Capacity
Our R&D Capacity As of Dec. , 2025 Area Patents and R&D Achievements • A total of 40 patents; Application in Progress 4 • San Neng Taiwan secured Taichung City Small Business Innovation Research (SBIR) Subsidy. Taiwan • San Neng Taiwan secured Ministry of Economic Affairs’ Low Carbon and Smart Upgra
Slide 15: Business Performance
BRE > Peviteet A eT Be Professional Manufacturer of Bakery Equipment @ Business Performance 14
Slide 16: 2025 & 2024 Consolidated Balance Sheets
2025&2024 Consolidated Balance Sheets In thousands of NTD Account Title\ Period 2025.12.31 2024.12.31 +/- +/- Ratio Cash 416,934 405,842 11,092 2.73% Amortized cost financial asset - current 229,296 202,966 26,330 12.97% Accounts receivable 264,737 227,625 37,112 16.30% Inventories 275,411 298,253 -
Slide 17: 2025 & 2024 Consolidated Income Statement
2025&2024 Consolidated Income Statement In thousands of NTD Account Title \ Period 2025 2024 +/- +/- Ratio Operation Revenue 1,996,591 2,039,422 -42,831 -2.10% Gross Profit 759,381 771,205 -11,824 -1.53% Gross Margin 38.03% 37.81% 0.22% 0.58% Operation Expense 564,289 551,199 13,090 2.37% Net Income
Slide 18: Historical Operating Performance
歷史經營實績(Historical Operating Performance) 2,100,000 250,000 2,050,000 200,000 2,000,000 150,000 1,950,000 1,900,000 100,000 1,850,000 50,000 1,800,000 1,750,000 0 2020Q4 2021Q4 2022Q4 2023Q4 2024Q4 2025Q4 營業收入(Revenue) 1,913,403 2,067,136 1,861,962 1,905,839 2,039,422 1,996,591 本期淨利( Net Profit After
Slide 19: Historical Financial Performance & Dividend Policy
歷年財務績效及股利政策(Historical Financial Performance & Dividend Policy) 4.00 100% 3.66 3.50 85.71% 86.51% 90% 3.50 81.97% 82.30% 81.76% 3.18 3.00 3.00 80% 3.00 2.89 2.60 70% 2.50 2.43 2.37 2.50 60% 2.00 2.00 50.63% 50% 40% 1.50 1.20 30% 1.00 20% 0.50 6.42% 6.12% 6.10% 6.06% 5.01% 3.30% 10% - 0% 2020Q4 2021Q
Slide 20: Financial Ratios
Financial Ratios Projects 2023 2024 2025 Debt-to-asset ratio (%) 22.19 22.99 20.73 Financial Long-term capital accounts for real Structure estate, plant and equipment ratio (%) 220.46 220.08 218.85 Current ratio (%) Current ratio (%) 291.38 252.46 295.47 Debt-paying Ability Quick ratio (%) 206.55 18
Slide 21: Financial Ratios (Continued)
Financial Ratios (Continued) Projects 2023 2024 2025 Return on assets (%) 8.22 8.76 6.63 Return on shareholders' equity (%) 10.49 11.20 8.35 Ratio of operating profit to paid-in capital (%) 36.29 36.21 32.11 Profitability Ratio of pre-tax profit to paid-in capital (%) 42.00 42.30 34.90 Net profit ra
Slide 22: Six Major Categories
Six Major Categories Analysis of the revenue structure Analysis of the gross profit structure Year Year 2023 2024 2025 2023 2024 2025 Category Category Customized 29.64% 31.98% 30.89% Customized 32.06% 31.89% 31.16% Baking mold 41.24% 40.95% 41.48% Baking mold 39.88% 39.52% 40.29% Baking tools 22.30
Slide 23: Areas
Areas Analysis of the revenue structure Analysis of the gross profit structure Year Year 2023 2024 2025 2023 2024 2025 Areas Areas China 69.01% 67.67% 67.77% China 35.98% 35.89% 36.02% Taiwan 16.00% 15.80% 14.55% Taiwan 38.94% 39.43% 38.98% Asia 12.92% 13.88% 14.45% Asia 52.28% 44.74% 45.09% Europe,
Slide 24: Competitive Advantage Analysis
3 Competitive Advantage Analysis 24
Slide 25: One of the Leading Brands in Bakeware
One of the Leading Brands in Bakeware 40 Years of R&D Expertise + 200+ Patents = A Solid Foundation of Professionalism, Service, and Trust Asia Expansion & One-Stop Leadership in Procurement ESG & Food World-Class Safety Champions & Brand Ecosystem Service & Certification Moat Technological Advantag
Slide 26: Technological Advantages
Technological Advantages Next-Generation Materials & Process Innovation ECO-FRIENDLY： • Development of PFAS-Free Coatings – Sen Series / Xin Series • Use of Wood Fiber Powder and Oyster Shell Powder • Eco-Friendly Tray Recoating – Extending the Lifespan of Baking Equipment Performance Optimization:
Slide 27: World-Class Champions & Brand Ecosystem
World-Class Champions & Brand Ecosystem Professional Brand IP Collaboration Endorsement Strength Strategic Alliances with World- Co-development with Leading Building a “Professionalism” Moat Class Champion Chefs to Brands (e.g., Disneyland, iFREE to Enhance Product Value and Transform Professional T
Slide 28: World-Class Champions & Brand Ecosystem
World-Class Champions & Brand Ecosystem Professional Endorsement Strategic Alliances with World- Class Champion Chefs to Transform Professional Tools into Standardized Products ▲2021 Taipei International Bakery Show – Joint Showcase with World Champion Chefs 28
Slide 29: World-Class Champions & Brand Ecosystem
World-Class Champions & Brand Ecosystem Professional Endorsement Strategic Alliances with World- Class Champion Chefs to Transform Professional Tools into Standardized Products 29
Slide 30: World-Class Champions & Brand Ecosystem
World-Class Champions & Brand Ecosystem Brand Strength Building a “Professionalism” Moat to Enhance Product Value and Customer Loyalty 30
Slide 31: World-Class Champions & Brand Ecosystem
World-Class Champions & Brand Ecosystem IP Collaboration ▲Groot Burger Mould ▼Iron Man Burger Mould Co-development with Leading Brands (e.g., Disneyland, iFREE Group) to Drive Market Buzz and Collectibility Shanghai Wukang Mansion 31
Slide 32: Asia Expansion & One-Stop Procurement
Asia Expansion & One-Stop Procurement Localized Production: Manufacturing Bases in Taiwan, China, and Indonesia to Reduce Logistics Costs and Enable Rapid Response to Customization Needs Korea China Japan Thailand Philippines Malaysia Indonesia
Slide 33: Asia Expansion & One-Stop Procurement
Asia Expansion & One-Stop Procurement Diverse Product Portfolio: Over 2,000 SKUs to Meet the Needs of Both Independent Stores and Large Chain Operators One-Stop Solution: Significantly Reducing Procurement Costs and Quality Control Complexity 33
Slide 34: Leadership in ESG & Food Safety
Leadership in ESG & Food Safety All-New Upgrade Xin Series Non-Stick Baking Tray Long Eco-Friendly & Lower Cost per Use Low Traditional toast mould series Low sugar toast mould series Reducing Carbon Emissions and Wastewater Impact While Meeting Global Food Industry Standards for Safety and Sustaina
Slide 35: Service & Certification Moat
Service & Certification Moat Provide complete International Halal Certification solutions Certifications Providing Production Efficiency and Baking Fully Compliant with ISO and HACCP Food Obtained Halal Certification in Indonesia to Process Optimization to Address User Pain Points Safety and Quality
Slide 36: Service & Certification Moat
Service & Certification Moat Provide complete ▲Rimless Baguette solutions Providing Production Efficiency and Baking Process Optimization to Address User Pain Points Transforming into a Total Solution Provider ▲Slant baking pan 36
Slide 37: Service & Certification Moat
Service & Certification Moat International Certifications Fully Compliant with ISO and HACCP Food Safety and Quality Standards A Passport to Global Markets 無錫三能 HACCP 37
Slide 38: Service & Certification Moat
Service & Certification Moat Halal Certification Obtained Halal Certification in Indonesia to Ensure Compliance with Halal Standards A Gateway to the Southeast Asian Market 38
Slide 39: Future Outlook
3 J Future Outlook 39
Slide 40: Future Outlook: Based on Taiwan, Deep in Asia
Future Outlook: Based on Taiwan, Deep in Asia Southbound Expansion Northbound Expansion to ASEAN to Japan & Korea Initiating Land Acquisition and Self-Built Strengthening Strategic Alliances with Manufacturing Facilities to Strengthen Established Japanese Firms and Advancing a Fully Integrated Local
Slide 41: Future Outlook: Southbound Expansion to ASEAN
Future Outlook: Based on Taiwan, Deep in Asia Southbound Expansion to ASEAN： Existing leased facilities in Indonesia are insufficient to support future growth projections Planned Expansion (2026):Initiating land acquisition and building a self-owned factory to Expand End-to-End Localized Production
Slide 42: Towards ASEAN – Champion Demo Global Tour (Indonesia)
Towards ASEAN – Champion Demo Global Tour (Indonesia) 42
Slide 43: Towards ASEAN – Champion Demo Global Tour (Malaysia)
Towards ASEAN – Champion Demo Global Tour (Malaysia) Wang Sen Group X Sanneng X Sinmag X THEMEG 43
Slide 44: Towards ASEAN – Champion Demo Global Tour (Thailand)
Towards ASEAN – Champion Demo Global Tour (Thailand) Wang Sen Group X Sanneng X Sinmag 44
Slide 45: Northbound Expansion to Japan & Korea
Future Outlook: Based on Taiwan, Deep in Asia Northbound Expansion to Japan & Korea: Strengthening Strategic Alliances Between Our Japanese Subsidiary and Prominent Local Firms 45
Slide 46: Northbound Expansion: Korea Baking Industry
Future Outlook: Based on Taiwan, Deep in Asia Northbound Expansion to Japan & Korea: Strengthening Technical Expertise and Talent Collaboration in Korea’s Baking Industry 46
Slide 47: 集團宗旨 提升亞洲烘焙技術 共同創建烘焙生態圈
集團宗旨 提升亞洲烘焙技術 共同創建烘焙生態圈 47
Slide 48: Thank You
Thank You
Sanneng Group Holdings — Q4 2025 Earnings Presentation on 6ix