2Q25 Results Conference
August 6, 2025
Agenda
2Q/1H25 Financial Results
2Q/1H25 Operating Results
Business Outlook
Commitment to ESG
3
2Q/1H25 Financial Results
4
2Q25 Consolidated Income Statement
2Q25 Revenue Increased 5.2% QoQ; 2Q25 EPS NT$2.96
NT$ Million | 2Q 2025 | % | 1Q 2025 | % | QoQ % | 2Q 2024 | % | YoY % |
Net Sales | 24,494 | 100.0 | 23,281 | 100.0 | 5.2 | 24,674 | 100.0 | -0.7 |
COGS | (20,151) | (82.3) | (18,974) | (81.5) | (19,574) | (79.3) | ||
Gross Profit | 4,343 | 17.7 | 4,308 | 18.5 | 0.8 | 5,100 | 20.7 | -14.8 |
Operating Expense | (2,425) | (9.9) | (2,163) | (9.3) | (2,542) | (10.3) | ||
Operating Profit | 1,918 | 7.8 | 2,145 | 9.2 | -10.6 | 2,558 | 10.4 | -25.0 |
Non-Operating Income1 | 972 | 4.0 | 136 | 0.6 | 975 | 4.0 | ||
Profit Before Tax | 2,889 | 11.8 | 2,281 | 9.8 | 26.7 | 3,532 | 14.3 | -18.2 |
Tax | (526) | (2.1) | (480) | (2.1) | (633) | (2.6) | ||
Net Income | 2,153 | 8.8 | 1,592 | 6.8 | 35.2 | 2,471 | 10.0 | -12.9 |
After Tax EPS | 2.96 | 2.19 | 35.2 | 3.40 | -12.9 | |||
Profit Margins | ||||||||
GPM | 17.7 | 18.5 | -0.8ppt | 20.7% | -3.0ppt | |||
OPM | 7.8 | 9.2 | -1.4ppt | 10.4% | -3.6ppt | |||
NPM | 8.8 | 6.8 | +2.0ppt | 10.0% | -1.2ppt |
5
1H25 Consolidated Income Statement
1H25 Revenue Increased 0.5% YoY; 1H25 EPS NT$5.15
NT$ Million | 1Q 2025 % | 1Q 2024 % | YoY % |
Net Sales | 47,776 100.0 | 47,520 100.0 | 0.5 |
COGS | (39,125) (81.9) | (37,812) (79.6) | |
Gross Profit | 8,650 18.1 | 9,708 20.4 | -10.9 |
Operating Expense | (4,588) (9.6) | (4,871) (10.3) | |
Operating Profit | 4,062 8.5 | 4,837 10.2 | -16.0 |
Non-Operating Income1 | 1,108 2.3 | 1,443 3.0 | -23.3 |
Profit Before Tax | 5,170 10.8 | 6,280 13.2 | -17.7 |
Tax | (1,006) (2.1) | (1,310) (2.8) | |
Net Income | 3,745 7.8 | 4,233 8.9 | -11.5 |
After Tax EPS | 5.15 | 5.82 | -11.5 |
Profit Margins | |||
GPM | 18.1 | 20.4% | -2.3ppt |
OPM | 8.5 | 10.2% | -1.7ppt |
NPM | 7.8 | 8.9% | -1.1ppt |
6
2Q25 Consolidated Balance Sheet
Healthy Balance Sheet with NT$17.5B Net Cash; Debt Ratio at 53%
NT$ Million | 2Q25 % | 1Q25 | % | 2Q24 | % |
Cash & Equivalent | 20,581 22.1 | 27,883 | 24.9 | 26,666 | 26.6 |
Accounts Receivable | 21,530 23.1 | 20,944 | 23.3 | 22,745 | 22.7 |
Inventories | 14,711 15.8 | 17,255 | 15.7 | 14,206 | 14.2 |
Current Assets | 68,395 73.3 | 77,255 | 74.8 | 74,482 | 74.3 |
Total Assets | 93,337 100.0 | 104,180 | 100.0 | 100,243 | 100.0 |
Short Term Debt | 2,930 3.1 | 6,001 | 5.9 | 5,528 | 5.5 |
Accounts Payable | 19,386 20.8 | 22,155 | 22.6 | 19,593 | 19.5 |
Current Liabilities | 48,730 52.2 | 54,924 | 47.7 | 51,729 | 51.6 |
Long Term Debt | 167 0.2 | 198 | 0.1 | 20 | 0.0 |
Total Liability | 49,531 53.1 | 55,814 | 48.6 | 52,446 | 52.3 |
Equities | 43,806 46.9 | 48,366 | 51.4 | 47,797 | 47.7 |
Book Value Per Share | 50.99 | 56.59 | 55.99 | ||
Net Cash | 17,483 | 21,684 | 21,118 | ||
Current ratio (X) | 1.40 | 1.41 | 1.44 | ||
Debt Ratio | 53% | 54% | 52% | ||
7
2Q/1H25 Operating Results
8
Continue Delivering Solid Revenue Growth
Secure resources for global top tier customers, with a balanced and diversified product portfolio
(NT$ mn)
+3%
CAGR
115,748
107,474
8%
101,478
5%
80,663
7%
77,018
87,260
6%
92,552
5%
95,082
5%
6%
98,323
6%
33%
10%
78,156
8%
34%
34%
33%
34%
34%
33%
31%
33%
32%
23%
26%
47,776
24%
27%
26%
6%
31%
28%
28%
24%
25%
34%
37%
37%
34%
26%
35%
31%
33%
34%
33%
33%
33%
34%
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1H25
*Organic Growth
9
2Q/1H25 Revenue Breakdown
2Q25 Revenue by Product
Others,
1H25 Revenue by Product
Others,
Networking, 2%
3%
Networking, 3%
3%
Power Supply, 34%
KB, 35%
Power Supply, 34%
KB, 34%
Image , 26%
Image , 26%
YoY% YoY%
7%
2%
1%
4%
-9%
KB Image Power Supply
-5%
KB Image Power Supply
10
Business Outlook
11
July Revenue was NT$8.0 B
YTD Revenue was NT$55.8B, flat YoY
NT$M
12,000
10,000
8,000
6,000
4,000
2,000
0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 |
2024 | 7,695 | 6,640 | 8,510 | 7,763 | 8,550 | 8,361 | 8,381 | 9,687 | 9,653 | 9,288 | 8,633 | 8,317 |
2025 | 7,518 | 7,291 | 8,473 | 8,025 | 8,124 | 8,346 | 8,041 |
12
Consistent High Dividend Payout
Earnings Per Share Dividend Per Share Dividend Payout %
81%
75% 76% 75% 73% 70% 71% 70% 73% 75%
10.26 10.35
5.92
6.22
5.66
5.24 5.22
8.45
5.90
7.80
5.50
8.71
6.10
7.50
7.80
4.65 4.30
4.25 4.45
3.80
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
*Yield calculated using close price on the day prior to ex dividend date 13
Commitment to ESG
14
Actively Facilitate ESG Development
Our Sustainability Targets
Science-Based Targets by 2030
Officially approved by SBTi in September 2022
ESG Results & Recognitions
Sustainalytics ESG Risk Rating
Chicony continued to lower down ESG risk. 2024 Sustainalytics ESG Risk Rating improved to 13.1 from14.3
Scope 1+2 emission target: 56.8% reduction
Scope 3 emission target: 44.2% reduction
Join RE100
Our goal is for the entire Chicony Group to use 100% renewable electricity by 2030
Chicony used 44% renewable energy in 2024Net Zero by 2050
Committed to cutting greenhouse gas emissions to zero by 2050
2024 Non-Executive Full-Time Employee Compensation Ranking Improved to 19th from 21st in 2023 Among 951 Listed Companies in Taiwan
Ranked top in the Electronic Component Sector
CDP Climate Change Questionnaire
Scored A-
Chicony achieved A- score in 2023 Climate Change Questionnaire for the 1st time
Corporate Governance TSEC Review for Listed and OTC Companies
Ranked among top 6~20% in the 2024 review of
corporate governance of listed and OTC companies
15
Work Towards a Sustainable Future
Greenhouse Gas Emission - Scope 1+2 (ton CO2e) Intensity (ton CO2e/NT$ million)
1.53
Total Water Withdrawal (1,000 Tons) Intensity (Mega Liter/NT$ million)
0.0257
74,703 | 58,888 | 43,483 | 1,633 | 1,586 | 1,289 | 1,336 | |||
2021 | 2022 | 2023 | 2024 | 2021 | 2022 | 2023 | 2024 | ||
97,482
1.09
1.00
0.70
0.0231 0.0218 0.0216
Greenhouse gas emission intensity decreased from 1.53 in 2021 to
0.70 in 2024, down by 54%
Total water withdrawal intensity decreased from 0.0257 in 2021 to 0.0216 in 2024, down by 16%
*Excluding Chicony Power and XAVi
*Excluding Chicony Power and XAVi
Green and Sustainable Design
Introduce the use of PCR (post-consumer recycled) plastics and FSC certified materials: 70% of all products have used PCR plastics some of the products used recycled-metal; More than 95% of packaging material content is FSC certified materials.
Reduce product energy consumption:
Take camera module for example, through DSP/backend IC process revision, the overall power consumption has roughly dropped from 1 W to 0.85 W, a reduction of 15%.
Diversified and equal opportunities Female employee percentage
In 2024, the percentage of Chicony Electronics' worldwide
female employees was 56.63%
In 2024, the percentage of female managerial personnel was 16.23%
(The number of female employees decreased 7.54% in 2024)
16
Thank You!
17
Provide Customer Satisfaction | Ensure Welfare of Employees Create Company Development | Shape Good Human Relations
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