HE — Investor Presentation 2026

May 20, 2026

华举重傣重锐股份有限公司

HUA ENG WIRE & CABLE CO., LTD

Q1 Investor Conference
May 21, 2026

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HE 华荣电缘电缆股份有限公司

Disclaimer

• The presentation of information in this briefing is based on the Company's assumption of future operations that are forward-looking and is subject to risks and uncertainties and the results of actual operations may differ materially from those of the above-mentioned forward-looking statements.

• Except as required by law, the Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

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HE 华荣电镀电缆股份有限公司

Company Profile

• Hua Eng has been established since the foundation was laid on December 8, 1956, until now. Not only have we grown together with Taiwan for more than a decade, during this period, it also encountered many natural disasters and turbulent political and economic environments at home and abroad. Looking back at the early days of the establishment, we worked hard and accumulated achievements with every bit of blood and sweat, and gradually laid the foundation for the current results. In addition to the hard work and dedication of all employees of the company, we also want to express our sincere gratitude to the shareholders and customers who have always supported Hua Eng.

• HE Group has three core business departments including oxygen-free copper wire, wire and cable and turnkey projects. We have a complete product line of oxygen-free copper and various types of power cables and communication optical cables. We adhere to state-of-the-art wire and cable manufacturing technology and continue to respond to customer needs through innovative research and development.

• Through design, production, deployment and construction, and a consistently good quality management mechanism, we provide domestic and foreign customers with prompt and high-quality products and after-sales services; especially in the field of turnkey projects, we have a strong technical team. In recent years, we have successively received large-scale 161kV and 345kV cable turnkey projects from Taiwan Power Company, and our outstanding performance has been highly recognized.

• Looking forward to the future, Hua Eng will continue to cooperate with the resilience construction of the national power grid and the demand for green energy, grasp the evolution of industrial technology, adjust the scale and pace of operations, and review the development trends of electric vehicles at home and abroad. On the basis of consolidating the existing business, Hua Eng will strengthen research and quality. We will continue to improve, market-oriented and continuously innovate, train outstanding technical talents, and create a new era of glory and development for all shareholders who love Hua Eng.

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HE 华荣电缘电缆股份有限公司

Agenda

• 2026 Q1 Consolidated Income Statement P5~6
• Copper Price Trend P7
• Sales Market P8~15

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Consolidated Statements of Comprehensive Income - YoY: 3 Months

Unit: NT$' 000

| Item | 2026
Q1 | % | 2025
Q1 | % | Change % |
| --- | --- | --- | --- | --- | --- |
| Operating revenues | 3,453,119 | 100 | 2,824,877 | 100 | 22 |
| Gross profit | 483,830 | 14 | 403,489 | 14 | 20 |
| Operating income | 419,422 | 12 | 347,668 | 12 | 21 |
| Non-operating income & expenses | (148,662) | (4) | (131,627) | (5) | (13) |
| Profit before income tax | 270,760 | 8 | 216,041 | 7 | 25 |
| Income tax expense | 67,589 | 2 | 63,560 | 2 | 6 |
| Profit | 203,171 | 6 | 152,481 | 5 | 33 |
| Profit attributable to: | | | | | |
| Owners of parent | 157,429 | 5 | 156,067 | 5 | 1 |
| Non-controlling interests | 45,742 | 1 | (3,586) | | 1,376 |
| Basic earnings per share(NT$) | 0.37 | | 0.37 | | |

Note: For the three-month periods ended Mar. 31, 2026 and 2025, Weighted-average number of common shares outstanding(shares in thousands) held 424,210.

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Reportable segment profit

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HE

华荣电镀电缆股份有限公司

2024~2026 April LME copper monthly average price and annual average price curve chart

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科学

华荣电缆电缆股份有限公司

Business Market

Copper Wire

Main product categories	2026 Jan.~Mar. LME X: 12,845.77	2025 Jan.~Mar. LME X: 9,345.96	Increase (decrease) $	Increase (decrease) %
	Sales	Sales	Sales	Sales(%)
Copper Wire	852,740	442,035	410,705	92.91%

Copper

Domestic and Export Sales Ratio

8.0mm above

8.0mm below

Scrap

Others

Domestic

Export

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华荣电缘电缆股份有限公司

Sales Market

Copper Rod

• The copper market in 2026 is expected to be driven by long-term demand from AI data centers and power system upgrades, while supply-side supply-side reductions in mine production will keep copper prices fluctuating at high levels.
• The US-Iran conflict, geopolitical risks, slowing global economic growth, and the company's cautious management, supply and production.

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Power Cable

Main Product Categories	2026 Jan~Mar LME X:12845.77	2025 Jan~Mar LME X:9345.96	Increase (Decrease)$	Increase (Decrease)%
	SALES	SALES	SALES	SALES %
Rubber Cable	4,552	14,769	(10,217)	(69.18%)
Low Voltage Power Cable	839,267	624,712	214,555	34.34%
Medium Voltage Power Cable	334,220	468,598	(134,378)	(28.68%)
Ultra High Voltage Power Cable	500,816	494,662	6,154	1.24%
Ultra High Voltage Power Cable Equipment +Civil Engineering	109,865	103,654	6,211	5.99%

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Power Cable

POWER CABLE & CE EQUIP.

• Rubber
• LowVol.
• Med.Vol.
• Ultra High Vol.
• Equip+Con

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Power Cable

• Rubber Cables: The factory has completed the upgrade of its rubber extrusion machines, and current orders total 155 million yuan.
• Low-voltage power cables: Due to the Middle East war and the obstruction of the Strait of Hormuz in the Persian Gulf, a large-scale supply disruption has occurred in the global oil market, causing a sharp rise in the prices of PE and PVC, the plastic raw materials used in cables.
• With ongoing upgrades to electrical control systems, the company plans to further expand its low-voltage cable production by adding copper wire stranding/twisting/assembly equipment to improve technology and production efficiency, aiming to secure cables for semiconductor-related factory construction.
• Due to high copper prices, slowing demand, and low-price competition in the market, cumulative orders amount to approximately 1374 million yuan.

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Power Cable

• Medium-voltage cable: Main unit electrical control upgrade completed. Orders/Contracts: Under manufacturing, 46 million yuan; Cumulative contracts, 1032 million yuan..
• Ultra-high voltage power cables: Production schedule for the entire year has been finalized. Orders and contracts: 474 million yuan in progress, cumulative contracts awaiting manufacture: 7701 million yuan.
• Ultra-high voltage equipment and engineering: For 345kV high-voltage equipment, the original certified supplier, Japan's NGK, will cease production. New product compatibility testing and certification will begin in March and is scheduled for completion in July. Meanwhile, there is a shortage of ultra-high voltage XLPE insulation and outer conductor materials; efforts are underway to trial new materials and strengthen supply chain resilience.

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HE 华荣电缘电缆股份有限公司

Communication Copper Cable and Fiber Optic Cable

Main Product Categories	2026 Jan.~Mar LME X:12845.77	2025 Jan.~Mar LME X:9345.96	Increase (Decrease)$	Increase (Decrease)%
	SALES	SALES	SALES	SALES%
Comm. Fiber	32,041	32,536	(495)	(1.52%)

• Fiber optic communication: Due to the explosive demand for AI computing power networks, coupled with the regulated and long expansion cycles of the raw material germanium for fiber optic preforms, a severe shortage has occurred.
• A new high-core-count web-and-tube (WTR) optical cable is ready for production; and the extrusion equipment for filled fiber optic bundles has been upgraded. Optical cable contract manufacturing is currently at 11 million yuan, with cumulative contracts totaling 205 million yuan.

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HE 华荣电缆电缆股份有限公司

Various Product Sales Combination

■ Copper prod.
■ Med. $ High
■ Low Vol.
■ Comm. Fiber
■ Engin. & Others

Main Product Categories
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