Chicony Electronics Co. Ltd.TWSE: 2385

3Q25 Financial Results

· MarketScreener
Chicony Electronics

3Q25 Results Conference

Nov. 12, 2025







Agenda


  • 3Q/1Q~3Q25 Financial Results

  • 3Q/1Q~3Q25 Operating Results

  • Business Outlook

  • Commitment to ESG

3



3Q/1Q~3Q25 Financial Results

4







3Q25 Consolidated Income Statement

GPM & OPM Improved 1.4ppt and 1.7ppt QoQ respectively

NT$ Million

3Q 2025 %

2Q 2025 %

QoQ %

3Q 2024 %

YoY %

Net Sales

24,808 100.0

24,494 100.0

1.3

27,721 100.0

-10.5

COGS

(20,081) (80.9)

(20,151) (82.3)

(22,079) (79.6)

Gross Profit

4,727 19.1

4,343 17.7

8.8

5,642 20.4

-16.2

Operating Expense

(2,369) (9.6)

(2,425) (9.9)

(2,661) (9.6)

Operating Profit

2,358 9.5

1,918 7.8

23.0

2,981 10.8

-20.9

Non-Operating

Income1

426 1.7

972 4.0

479 1.7

Profit Before Tax

2,784 11.2

2,889 11.8

-3.6

3,460 12.5

-19.5

Tax

(286) (1.2)

(526) (2.1)

(582) (2.1)

Net Income

2,086 8.4

2,153 8.8

-3.1

2,397 8.6

-13.0

After Tax EPS

2.87

2.96

-3.0

3.29

-12.8

Profit Margins

GPM

19.1%

17.7%

+1.4ppt

20.4%

-1.3ppt

OPM

9.5%

7.8%

+1.7ppt

10.8%

-1.3ppt

NPM

8.4%

8.8%

-0.4ppt

8.6

-0.2ppt

5







1~3Q25 Consolidated Income Statement

Strict operating expense control kept opex ratio at 9.6%

NT$ Million

1~3Q 2025 %

1~3Q 2024 %

YoY %

Net Sales

72,584 100.0

75,241 100.0

-3.5

COGS

(59,206) (81.6)

(59,891) (79.6)

Gross Profit

13,377 18.4

15,350 20.4

-12.8

Operating Expense

(6,958) (9.6)

(7,532) (10.0)

Operating Profit

6,420 8.8

7,818 10.4

-17.9

Non-Operating Income1

1,534 2.1

1,923 2.6

-20.2

Profit Before Tax

7,954 11.0

9,740 12.9

-18.3

Tax

(1,292) (1.8)

(1,892) (2.5)

Net Income

5,831 8.0

6,630 8.8

-12.1

After Tax EPS

8.01

9.11

-12.1

Profit Margins

GPM

18.4%

20.4%

-2.0ppt

OPM

8.8%

10.4%

-1.6ppt

NPM

8.0%

8.8%

-0.8ppt

6







3Q25 Consolidated Balance Sheet

Healthy Balance Sheet with NT$9.2B Net Cash; Debt Ratio 51%

NT$ Million

3Q25 %

2Q25

%

3Q24

%

Cash & Equivalent

18,657 18.7

20,581

22.1

21,362

21.1

Accounts Receivable

24,390 24.4

21,530

23.1

25,374

25.1

Inventories

16,662 16.7

14,711

15.8

16,138

16.0

Current Assets

73,122 73.1

68,395

73.3

74,970

74.2

Total Assets

100,020 100.0

93,337

100.0

101,070

100.0

Short Term Debt

9,270 9.3

2,930

3.1

4,773

4.7

Accounts Payable

23,761 23.8

19,386

20.8

24,248

24.0

Current Liabilities

50,561 50.6

48,730

52.2

48,435

47.9

Long Term Debt

159 0.2

167

0.2

81

0.1

Total Liability

51,362 51.4

49,531

53.1

49,118

48.6

Equities

48,657 48.6

43,806

46.9

51,952

51.4

Book Value Per Share

56.72

50.99

60.78

Net Cash

9,228

17,483

16,509

Current ratio (X)

1.45

1.40

1.55

Debt Ratio

51%

53%

49%

7



3Q/1Q~3Q25 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

98,323

101,478

92,552

95,082

87,260

80,663

77,018

78,156

72,584

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1~3Q25

*Organic Growth

9







1~3Q25 Summary

  • GPM/OPM recovered to 19.1%/9.5% in 3Q25, leading to 9% and 23% QoQ growth in gross profit and operating profit
  • 3Q25 EPS was NT$2.87. 1~3Q25 EPS reached NT$8.01

    10



    Business Outlook

    11







    2026 Outlook

  • 2026 Growth Drivers

  • Windows 11 replacement cycle and higher penetration rate of AI PC expected to benefit keyboard, camera module and power adaptor businesses

    • NB camera module ASP increase driven by spec upgrades cycle

    • Rising penetration rate of LED backlight NB Keyboard

  • Expanding into more applications for AI image product

  • Higher exposure of high power, server power and telecom power

  • More than NT$6B order on hand for Smart Building/Factory Solution

12







Fueled by Windows 11 Trans ition, 1~3Q25 PC Shipment Grew 6.9% YoY

Despite of sluggish US market impacted by import tariff and macroeconomic uncertainties, demand for Windows 11 PC is likely to push well into 2026

PC Market Annual Growth

WW PC Growth Rate YoY

2024

1~3Q25

1%

6.9%



Source: IDC, October 2025

13



Dividend Payout Ratio Increased to 80% s ince Y2025

Earnings Per Share Dividend Per Share Dividend Payout %

76%

81%

75%

73%

70%

71%

70%

73%

75%

80%

12.43

10.26 10.35

10.00

5.66 5.92

5.24 5.22

8.45

5.90

7.80

5.50

8.71

6.10

7.50

7.80

4.30

4.25

4.45

3.80

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

14



Realize Sustainable Growth in the Tech Space

Commitment to ESG

15







Actively Facilitate ESG Development

Our Sustainability Targets & ESG Results

  • Science-Based Targets by 2030 Officially approved by SBTi in September 2022 Scope 1+2 emission target: 56.8% reduction

    Greenhouse gas emission intensity decreased from 1.48 in 2020 to 0.70 in 2024, down by 52.7%, well ahead of target

    Scope 3 emission target: 44.2% reduction

    Greenhouse gas emission intensity decreased 11.2% from 2020 to 2024

  • Join RE100

    We promised to use 100% renewable electricity by 2030

    Chicony used 44% renewable energy

    in 2024

    • Net Zero by 2050

      Committed to cutting greenhouse gas emissions to zero by 2050

    • 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

    • Diversified and Equal Opportunities

      In 2024, the percentage of our worldwide female employees was 56.63%

      In 2024, the percentage of female managerial personnel was 16.23%

    • Water Conservation

Total water withdrawal intensity decreased from 0.0257

in 2021 to 0.0216 in 2024, down by 16%

16

Thank You!

Provide Customer Satisfaction | Ensure Welfare of Employees Create Company Development | Shape Good Human Relations

17

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