King Yuan Electronics Company (2449) Corporate presentation summary

Company overview and industry position

• Established in 1987, headquartered in Hsinchu, Taiwan, and listed on TWSE with a market cap of NT$412,676 million as of June 30, 2026.

• Operates multiple fabs in Taiwan and has subsidiaries in the US, Singapore, and Japan.

• Recognized as a benchmark in the semiconductor testing industry, serving as a pure-play testing house with global reach.

• Maintains a diversified customer base, including 48% of the global top 50 semiconductor companies.

• Offers a comprehensive suite of wafer test, assembly, burn-in, and backend support services.

Business model and services

• Test services account for 98% of total revenue, with devices tested used in consumer, communication, automotive, data computing, and industrial applications.

• Provides flexible, cost-effective test solutions with over 5,900 installed test systems, including both commercial and in-house developed testers.

• In-house test systems and burn-in ovens enable custom-tailored, efficient, and scalable testing for diverse applications.

• Designs and manufactures test tooling and probe cards internally, supporting mass production and specialized needs.

• Offers assembly and backend turnkey operations, enhancing value for customers.

Financial performance

• Q2 2026 net revenue reached NT$11,141.6 million, with a gross margin of 39.5%.

• EBITDA for Q2 2026 was NT$5,569.6 million, and diluted EPS was NT$2.04.

• Revenue and gross margin have shown consistent growth from 2022 to 2026, with gross margin improving from 33% in Q1 2024 to 39.5% in Q2 2026.

• Strong cash flow from operations and prudent financial leverage, with net financial debt/equity at -17.8% as of June 30, 2026.

• CapEx investments support ongoing expansion and technology upgrades.