SINBON Investors Conference 2025: Toward Lucidity

Company Overview and Important Information

• Company Name: SINBON (信邦電子)
• Event Title: SINBON Investors Conference (信邦電子法人說明會)
• Theme: Toward Lucidity 2025 (走向澄明)

Vision

• SINBON's answer to global changes.
• Clear direction always stems from well-thought-out choices.
• AI is reshaping future life scenarios and industrial landscapes.
• SINBON will strive to become a key partner in promoting the implementation of AI applications.
• Paving a clear path amidst chaotic changes.

Management Team

• Chairman / CEO: 王紹新 Joseph Wang
• CFO: 張集州 Matthew Chang
• President: 梁偉銘 Mite Liarng
• Global Sales VP: 黃文森 Jesse Huang

Sustainability and Operational Resilience (踐行永續,築造營運韌性)

• Environmental (環境):
  • Group's self-generated and self-consumed renewable energy accounts for 9.5% of total energy consumption.
  • Continuing towards 40% carbon reduction by 2030.
• Social (社會):
  • Taiwan factory obtained RBA Silver Certificate and continues to expand to all factories.
  • Responding to external human rights concerns.
  • RBA (Responsible Business Alliance 責任商業聯盟): Currently the largest corporate social responsibility alliance in the global industrial supply chain, committed to improving the sustainable development capabilities and social responsibility of the global supply chain.
• Governance (治理):
  • R&D expenditure increased by 22% compared to the previous year.
  • Total R&D investment: NTD 1.24 billion.

Financial Highlights and Key Metrics

Annual Revenue (年營收) 2019 – 2025 (NTD Million)

Gross Margin (毛利率) 2019 – 2025 Q1 – Q3

Net Profit & Net Margin (淨利及淨利率) 2019 – 2025 Q1 – Q3 (NTD Million)

Dividend Policy (股利政策) 2019 – 2024 (NTD Per share)

Recent Performance and Results

Revenue Share of Five Major Segments (五大領域營收占比)

Global Regional Sales Share (全球區域銷售比重) 2025 Q1 – Q3

TOP20 Customer Revenue Share (TOP20客戶營收占比) 2025 Q1 – Q3

• Overall: TOP20 customers account for 52.07% of total revenue.
• Top 3 Customers:
  • 1. G (E******): 8.55%
  • 2. M&G (G*): 4.48%
  • 3. I (A***): 3.67%

Sustainable Industry Revenue (永續產業營收) 2019 – 2025 Q1 – Q3 (NTD Million)

Sustainable Industry Revenue: Includes revenue from products and services that promote renewable energy, improve energy efficiency, and support treatment for major diseases.

Future Outlook and Guidance

Turbulent Situation Under the Mist (迷霧籠罩的動蕩局勢)

• Trade Barriers (貿易壁壘): Changes in global tariff policies, increased thresholds for corporate cross-border expansion and market entry.
• Geopolitics (地緣政治): US-China tech competition, Middle East situation, and Russia-Ukraine war, leading to uncertainties in tech cooperation and energy supply.
• Supply Chain Reshaping (供應鏈重塑): Rising demand for "Made in USA"; accelerated transfer of production capacity to the US, Mexico, etc.

Strategic Initiatives and Plans

Continuous Layout, Stable Supply (持續佈局,穩定供應)

• New Market Locations (市場新據點): Laos, Thailand, Malaysia, Vietnam, Singapore, Italy.
• New Production Capacity Layout (佈局新產能):
  • Mexico: New factory activated on August 12, 2025.
  • USA: Expanded factory activated on August 18, 2025.
  • Taiwan: New factory under construction in Tongluo Science Park (銅鑼科學園區).

Seizing Strategic Opportunities of the AI Wave (把握 AI 浪潮的戰略機遇)

• AI Core Engine (AI 核心引擎): Semiconductor (半導體).
• AI Infrastructure (AI 基礎設施): Data Center (數據中心), Power Supply (電力供應), Cooling System (冷卻系統).
• AI Applications (AI 應用): Smart Transportation (智慧交通), Warehouse Robots (倉儲機器人), Humanoid Robots (人形機器人), etc.

Strategic Layout for Navigating Changes (洞察變局的清晰佈局)

2025 Strategic Progress

• Beyond Components, Towards New Heights of System Integration (跨越零組件,邁向系統整合新高度) - AI Core Engine: Semiconductor:

  • New Progress in Semiconductor Industry (半導體產業新進展):
    • Customer expansion: International semiconductor major clients expanded from 2 to 6.
    • Product breakthrough: Component supply → System assembly; Small cabinets → Large cabinets (size upgrade, supporting higher power and data traffic).
  • Future Strategy (未來策略):
    • The explosion of AI training and inference demand drives the accelerated development and evolution of semiconductor advanced process system integration solutions.
    • To meet the explosive growth in demand for semiconductor cabinets and wire harnesses, SINBON is building a new semiconductor production base—the Tongluo Science Park new factory.

• Stable Power Supply, Empowering High-Speed AI Development (穩定電力保障,助力 AI 高速發展) - AI Infrastructure: Power Systems:

  • Steady Growth in Power Systems Segment (電力系統領域的穩健成長):
    • Customer expansion: Global major power equipment module manufacturers.
    • Product solutions: High-current and high-voltage wire harnesses, busbar connections, sensing and communication cables, as well as power distribution cabinets, switchgear, etc.
  • Future Strategy (未來策略):
    • SINBON, with its highly flexible and complex wiring, has become a key partner for data centers and will continue to enhance its design and manufacturing capabilities for power system solutions.

• Leveraging Industry Influence, Promoting Sustainable Enterprise Development (發揮產業影響力,推動企業永續發展) - AI Infrastructure: Power System Strategic Partner:

  • SINBON actively seeks new business models in the power system sector, engages in strategic cooperation with key manufacturers, and collaborates with partners to create new opportunities, strengthen market influence, and build a more resilient foundation for future development.
  • Cooperation Model (合作模式):
    • SINBON has been a member of the EU's SBMC (Swappable Batteries Motorcycle Consortium 可更換電池模組機車聯盟) for many years, participating in industry standard setting.
    • Strategic alliance with German power design integration manufacturer Swobbee.
    • Entering future business opportunities through pilot cities.

• Breaking Through Application Boundaries, Laying Out Diverse Markets (突破應用邊界,佈局多元市場) - AI Application: Smart Transportation — Electric Vehicles:

  • New Progress in Electric Vehicle Industry (電動車產業新進展):
    • Product Innovation: SINBON's DC fast charging liquid cooling system obtained the world's first UL certification.
    • Market Expansion: Comprehensive charging and high-voltage wire harness solutions, successfully entering major EV manufacturers in Japan, Korea, and Taiwan.
    • Application Breakthrough: Expanding from general passenger cars to various vehicle types: two-wheel/three-wheel electric motorcycles, pickup trucks, trucks, off-road vehicles, etc.
  • Future Strategy (未來策略):
    • SINBON will continue to deepen its technological R&D in high-current and high-voltage connectors, wire harnesses, and system integration, and collaborate with leading brands in global charging infrastructure and smart transportation to jointly accelerate the development of charging connection solutions and smart transportation.

• New Industry Application Expansion (新產業應用拓展) - AI Application: Smart Transportation — Air Taxi EVTOL:

  • Low-Altitude Economy (低空經濟): "New Infrastructure in the Sky + New Transportation + New Services" (天空裡的新基建 + 新交通 + 新服務).
  • Extending urban travel to the sky, giving rise to new industry opportunities similar to "new energy vehicles" in the air. Air taxis are a solution for congested metropolitan areas and offer higher safety performance than traditional helicopters.
  • Future Plans:
    • SINBON's wire harness products will be applied to designated manufacturers for air transportation for athletes at the 2028 Los Angeles Olympics.
    • SINBON will also continue to expand to more air taxi manufacturers.

• Breakthrough Progress in Robotics Field (機器人領域突破進程) - AI Application: Robots:

  • (Visuals show mobile robots, robotic arms, automated warehousing, humanoid robots)

• Solving Global Labor Shortage, Making Intelligence Accessible (破解全球人力荒,讓智慧觸手可及) - AI Application: Humanoid Robots:

  • Comprehensive Exploration in Artificial Intelligence Field (人工智能領域的全面探索):
    • Product Innovation: Expanding from single-part wire harnesses to wire harnesses covering all types of applications for the entire body.
    • Product Expansion: Complete robot solutions (customized connectors, high-speed transmission wire harnesses, charging wire harnesses), and strategic alliance cooperation with key component manufacturers.
    • Customer Breakthrough: Expanding from North American customers to customers in other global regions.
  • Future Strategy (未來策略):
    • SINBON will expand from US-based customers to the global market, providing high-value-added engineering services. US-based customers are expected to gradually enter mass production starting in 2026.

Strategic Alliances to Create a Smart Ecosystem (策略聯盟共創智慧生態)

• SINBON carefully selects high-quality component manufacturers, integrates resources through strategic alliances, leverages complementary advantages, and assists customers and manufacturers in maintaining competitiveness in a rapidly changing market.
• SINBON Strategic Alliance Development Areas (信邦策略聯盟發展領域):
  • Industrial/Automotive/Medical application connectors (工業/汽車/醫療應用連接器)
  • Power design integration (電力設計整合)
  • Semiconductor cabinet enclosures (半導體機櫃櫃體)
  • RV/Harmonic/Planetary reducers (RV/諧波/行星減速機)
• Key Message: SINBON is embracing an open and co-creative mindset, partnering with more forward-looking technology partners to build a cross-industry smart alliance ecosystem.

Key Charts, Graphs, and Data Points

• All numerical data for annual revenue, gross margin, net profit/margin, dividend policy, revenue share by segment, global regional sales share, and sustainable industry revenue are detailed in sections 2 and 3.

All Important Product Names, Terms, and Concepts

• Toward Lucidity (走向澄明)
• SINBON Investors Conference (信邦電子法人說明會)
• RBA (Responsible Business Alliance 責任商業聯盟)
• AI Core Engine (AI 核心引擎)
• AI Infrastructure (AI 基礎設施)
• AI Applications (AI 應用)
• Semiconductor (半導體)
• Data Center (數據中心)
• Power Supply (電力供應)
• Cooling System (冷卻系統)
• Smart Transportation (智慧交通)
• Warehouse Robots (倉儲機器人)
• Humanoid Robots (人形機器人)
• Wire Harnesses (線束)
• Busbar Connections (匯流排連接)
• Sensing and Communication Cables (感測與通訊線)
• Power Distribution Cabinets (配電櫃)
• Switchgear (開關櫃)
• SBMC (Swappable Batteries Motorcycle Consortium 可更換電池模組機車聯盟)
• Swobbee (German power design integration manufacturer)
• DC Fast Charging Liquid Cooling System (直流電快充液冷系統)
• UL Certification (UL 認證)
• EVTOL (空中計程車)
• Low-Altitude Economy (低空經濟)
• "New Infrastructure in the Sky + New Transportation + New Services" (天空裡的新基建 + 新交通 + 新服務)
• Customized Connectors (客制化連接器)
• High-Speed Transmission Wire Harnesses (高速傳輸線束)
• Charging Wire Harnesses (充電線束)
• Industrial/Automotive/Medical Application Connectors (工業/汽車/醫療應用連接器)
• Power Design Integration (電力設計整合)
• Semiconductor Cabinet Enclosures (半導體機櫃櫃體)
• RV/Harmonic/Planetary Reducers (RV/諧波/行星減速機)
• Tongluo Science Park (銅鑼科學園區)

Products, Services & Technology

Products

• Semiconductor components and system assemblies.
• Small cabinets and large cabinets (for semiconductors, with size upgrade, supporting higher power and data traffic).
• High-current and high-voltage wire harnesses.
• Busbar connections.
• Sensing and communication cables.
• Power distribution cabinets.
• Switchgear.
• DC fast charging liquid cooling systems (UL certified).
• Comprehensive charging and high-voltage wire harness solutions for EVs.
• Wire harness products for Air Taxi EVTOLs.
• Wire harnesses for humanoid robots (single-part to full-body applications).
• Customized connectors for robots.
• High-speed transmission wire harnesses for robots.
• Charging wire harnesses for robots.
• Industrial/Automotive/Medical application connectors.
• Semiconductor cabinet enclosures.
• RV/Harmonic/Planetary reducers.

Services

• System integration solutions (semiconductor).
• Power system solution design and manufacturing.
• High-value-added engineering services (for US-based robot customers).

Technology & Concepts

• AI Core Engine, AI Infrastructure, AI Applications.
• Advanced process system integration solutions (semiconductor).
• Highly flexible and complex wiring for data centers.
• Industry standard setting (SBMC).
• Smart transportation solutions.
• Low-altitude economy (EVTOL).
• Robotics solutions (mobile robots, robotic arms, automated warehousing, humanoid robots).
• Strategic alliances and smart ecosystem building.