2415 CX Technology Corporation 2025 Q1 Investor Presentation
Company Overview
Basic Information
- Company Name: CX Technology Corporation (錩新科技股份有限公司)
- Stock Code: 2415
- Listing: Taiwan Stock Exchange
- Headquarters: Taipei, Taiwan
- Global Presence: Factories located in Ho Chi Minh City, Vietnam; Hai Phong, Vietnam; and Shanghai, China
Business Segments
CX Technology specializes in manufacturing forged, stamped, and plastic molded components. It is the world's largest producer of forged speaker components, catering to renowned audio and automotive manufacturers.
Key expertise includes magnetic poles, magnetic rings, magnetic bases, aluminum cones, and speaker frames.
Corporate Philosophy
- Innovation (新)
- Speed (速)
- Substance (實)
- Simplicity (簡)
Milestones
- 1972: Established
- 1996: Factory in Ho Chi Minh City, Vietnam
- 1998: Listed on OTC
- 2000: Transferred to main board
- 2002: Factory in Shanghai, China
- 2011: Established Hai Phong factory
- 2014: Plastic injection transferred to Merrimack River Precision
Certifications
- IATF16949, ISO14001, ISO9001
- Hyundai Motor SQ Mark
- Mercedes-Benz Vietnam Supplier Certification
- ISO14064-1 Greenhouse Gas Verification Statement
Financial Highlights
Consolidated Operating Revenue (NTD, thousands)
| Quarter\Year | 2021 | 2022 | 2023 | 2024 | 2025 Q1 |
|---|---|---|---|---|---|
| Q1 | 627,724 | 741,449 | 483,647 | 595,913 | 538,704 |
| Q2 | 743,384 | 609,022 | 525,254 | 555,082 | |
| Q3 | 413,851 | 496,883 | 608,479 | 611,140 | |
| Q4 | 662,331 | 498,380 | 646,427 | 525,684 | |
| Annual Total | 2,447,290 | 2,345,734 | 2,263,807 | 2,287,819 | 538,704 |
Consolidated Gross Profit Margin
| Year | 2021 | 2022 | 2023 | 2024 | 2025 Q1 |
|---|---|---|---|---|---|
| Gross Profit (%) | 30% | 24% | 19% | 24% | 25% |
Consolidated Operating Income (NTD, thousands)
| Year | 2021 | 2022 | 2023 | 2024 | 2025 Q1 |
|---|---|---|---|---|---|
| Operating Income | 435,686 | 143,894 | 175,669 | 230,096 | 51,874 |
Products & Technologies
Manufacturing Capabilities
- Processes: Heading/Forging, Continuous Forging and Stamping, CNC and NC Machining, Plastic Injection, Surface Treatment, Ultrasonic Cleaning, Barrel and Rack Plating, Anodizing, Electrophoretic Coating
- Facilities: Vertical integration ensures in-house surface treatment and streamlined production
Product Categories
Automotive Speaker Components
- Forged: Magnetic bases and poles
- Stamped: Magnetic rings, plates, copper caps, aluminum cones, isolation covers, baskets, meshes, audio shielding
3C Electronic Components
- Stamped Precision Parts: SPCC, SECC, stainless steel, aluminum
- Applications: Automotive backlight brackets, 3C product shielding, casings, brackets
Motorcycle and EV Components
- Starter motor wheels, axle brake pistons, belt pulley shafts
- EV battery box fasteners, injector housings
- Engine shock absorbers
Speaker Components Manufactured
- Key Products: Aluminum cones, dust caps, baskets, front plates, copper caps, back plates
- Not Produced: Voice coils, dampers, magnets
Clients & Markets
Audio Brands
- Leading brands including Harman, JBL, Yamaha, Panasonic, B&W, Onkyo, Pioneer, and more
Automotive Brands
- Tier 1 clients: Tesla, Audi, BMW, Toyota, Mercedes-Benz, Nissan, and many others
Board of Directors
Key Members
- Chairman Ting, Kuang-Chin: MIT MBA; experience in Morgan Stanley; Eisenhower Fellow
- Director Wang, Chung-Yu: Former chairman of China Steel; independent director at CTBC Financial
- Independent Director Lin, Mei-Ling: Partner CPA; audit and remuneration committee member
Investment Business: Phu Hung Securities
Company Overview
- Location: Vietnam
- Registered Capital: VND 2 trillion
- Employees: 291 (including 4 foreign employees)
- Clients: Foreigners hold 10.9% of accounts
Operations
- Services: Brokerage, underwriting, proprietary trading, custody, warrants, futures
- Research: Supports blue-chip stocks with reports in Vietnamese, Chinese, and English
Financial Performance
Revenue & EBITDA
- Growth Trend: Steady increases since 2016
Market Share
- Stock: Approx. 1%; single-day peak at 7.6%
- Corporate Bonds: Ranked 4th (2020)
- Futures: Ranked 8th (H1 2025)
This document summarizes CX Technology Corporation's business operations, financial performance, strategic initiatives, and key data points, providing investors insight into its capabilities and market presence.