4906 Cheng Uei Precision Industry Co., Ltd. 2025 Q2 Investor Presentation
Company Overview
Group Introduction
- Founded: 1986
- Listed on Taiwan Stock Exchange: 1999
- International Headquarters: Taipei, Taiwan
- Employees worldwide: Approximately 28,441 (as of 2025.04.30)
Employee Distribution (as of 2025.04.30):
- Manufacturing/Engineering: 55.8%
- Marketing/Sales: 17.7%
- Administration/Management: 15.5%
- R&D/Technology: 11%
Global Locations
- Taiwan: Headquarters, DU Plant, Dingpu RD Center, SHINFOX GAS (Yilan), Minquan Plant, Foxwell Power (Tu Cheng), Taichung Office, SHIH FONG (Hualien), Hsinchu RD Center, Taichung Science Park Branch
- China: Fuqiang Plant (Dongkeng), Xuzhou Connector Plant, Fudong Plant (Dongkeng), Xuzhou-Mold Plant, Kunshan Plant, GLORY Yancheng (2 locations/phases), Xuzhou-Foxlink, Xuzhou-CEBU Plant
- USA: Los Angeles, San Jose, Seattle, Arizona, Da Nang City (listed under U.S.A., typically in Vietnam)
- Vietnam: Ho Chi Minh City
- India: Tirupati, Chennai, Noida
Financial Highlights
Consolidated Statements of Comprehensive Income
Full Year Comparison (Jan.~Dec. 2024 vs Jan.~Dec. 2023)
| Items | Jan.~Dec. 2024 (NT$'000) | % | Jan.~Dec. 2023 (NT$'000) | % | YoY % |
|---|---|---|---|---|---|
| Operating revenue | 98,397,461 | 100.0% | 90,550,764 | 100.0% | 8.7% |
| Operating cost | (85,904,391) | 87.3% | (78,856,852) | 87.1% | 8.9% |
| Gross profit | 12,493,070 | 12.7% | 11,693,912 | 12.9% | 6.8% |
| Operating expenses | (8,975,244) | 9.1% | (8,675,779) | 9.6% | - |
| Operating income | 3,517,826 | 3.6% | 3,018,133 | 3.3% | 16.6% |
| Non-operating income & expenses | 487,234 | 0.5% | 118,168 | 0.1% | -212.3% |
| Income tax expenses | (1,482,680) | 1.5% | (1,034,479) | 1.1% | - |
| Net income | 1,687,146 | 1.7% | 1,457,132 | 1.6% | 15.8% |
| EPS | 3.65 | - | 3.09 | - | - |
Q1 Comparison (Jan.~Mar. 2025 vs Jan.~Mar. 2024)
| Items | Jan.~Mar. 2025 (NT$'000) | % | Jan.~Mar. 2024 (NT$'000) | % | YoY % |
|---|---|---|---|---|---|
| Operating revenue | 21,383,417 | 100.0% | 18,981,931 | 100.0% | 12.7% |
| Operating cost | (18,160,399) | 84.9% | (16,864,814) | 88.8% | 7.7% |
| Gross profit | 3,223,018 | 15.1% | 2,117,117 | 11.2% | 52.2% |
| Operating expenses | (2,222,036) | 10.4% | (2,090,012) | 11.0% | - |
| Operating income | 1,000,982 | 4.7% | 27,105 | 0.1% | 3593.0% |
| Non-operating income & expenses | (286,227) | -1.3% | 648,560 | 3.4% | -244.1% |
| Income tax expenses | (333,915) | 1.6% | (147,698) | 0.8% | - |
| Net income | 125,727 | 0.6% | 382,083 | 2.0% | -67.1% |
| EPS | 0.27 | - | 0.83 | - | - |
Consolidated Balance Sheets
Year-End (Dec. 31, 2024 vs Dec. 31, 2023 vs Dec. 31, 2022)
| Items | Dec.31, 2024 | % | Dec.31, 2023 | % | Dec.31, 2022 | % |
|---|---|---|---|---|---|---|
| Total Assets | 130,511,628 | 100% | 105,761,558 | 100 | 98,298,011 | 100 |
| Total Liabilities | 90,208,545 | 69% | 68,939,566 | 65 | 62,039,924 | 63 |
| Total Equity | 40,303,083 | 31% | 36,821,992 | 35 | 36,258,087 | 37 |
Q1-End (Mar. 31, 2025 vs Mar. 31, 2024 vs Mar. 31, 2023)
| Items | Mar.31, 2025 | % | Mar.31, 2024 | % | Mar.31, 2023 | % |
|---|---|---|---|---|---|---|
| Total Assets | 136,535,700 | 100% | 104,464,756 | 100 | 87,718,238 | 100 |
| Total Liabilities | 92,924,440 | 68% | 67,294,248 | 64 | 53,201,911 | 61 |
| Total Equity | 43,611,260 | 32% | 37,170,508 | 36 | 34,516,327 | 39 |
Business Segments Performance
Segment Revenue (2025 Jan.~May vs 2024 Jan.~May)
| Segment | Jan.~May 2025 | % | Jan.~May 2024 | % | YoY % |
|---|---|---|---|---|---|
| 3C Components | 8,936,601 | 27% | 11,131,029 | 33% | -20% |
| System | 12,375,756 | 37% | 12,895,554 | 39% | -4% |
| Channel | 4,109,219 | 12% | 4,304,061 | 13% | -5% |
| Energy | 7,773,086 | 24% | 4,978,051 | 15% | 56% |
| Total | 33,194,662 | 100% | 33,308,695 | 100% | 0% |
Outlook & Strategy
Product Growth Drivers
Component Products:
- High-speed AOC/AEC transmission cables for AI PC/Server and battery backup power modules.
- Type C connectors, cables, signal converters, and power products for earphones, mobile phones, tablets, and notebooks.
- EV-related products like connectors, flexible PCBs, and battery modules.
System Products:
- AI smart video system, AR wearable devices.
- Gaming products (joysticks, earphones, handheld consoles).
- Smart pens and wearable devices.
- Electric bicycles, 5G modules, POS systems.
Energy Products:
- Offshore wind projects and energy storage systems for green electricity markets.
Channel Products:
- AI-driven replacement wave initiatives.
- Bidding for government education projects.
AI Computing Center:
- AI cloud software services and long-term rental customer base.
Key Charts and Financial Metrics
EPS Trend (Quarterly):
- Q1 2025: 0.27
- Q1 2024: 0.83
- Q1 2023: (1.33)
Gross Margin & Operating Profit Margin (Quarterly):
- Gross Margin Q1 2025: 15.1%
- Operating Profit Margin Q1 2025: 4.7%
Notes:
This document reflects 2025 Q2 performance highlights and long-term strategic goals for business growth driven by AI demand, energy expansion, and product development across multiple sectors.