Hiroca — Investor Presentation 2025

Apr 9, 2025

廣華控股

Hiroca Holdings Ltd.

Hiroca Holdings Ltd.

廣華控股有限公司

President: Steven Huang

Spokesman: Chiu Shou-Ray

Date: 2025-04-09

东莞广泽汽车炸件有限公司

DONGGUAN HIROSAWA AUTOMOTIVE TRIM CO.,LTD.

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廣華控股

Hiroca Holdings Ltd.

Declaration

This introduction material is provided by Hiroca (the Company) for reference only and no one may copy or reproduce it without the express authorization of the Company.

Neither the Company nor any of its subsidiaries, employees or professional advisors makes any representation or warranty, directly or indirectly, as to the completeness or accuracy of the information contained in this presentation (including any forward-looking statements).

The information contained in this presentation is based on the general circumstances at the time of preparation and has not and will not be updated to reflect any material developments that may occur subsequently.

This introduction also contains the company's expectations and prospects for the future. The forward-looking statements are based on estimates of the Company's operating conditions and certain uncontrollable factors; therefore, actual conditions may differ materially from these statements.

The Company cannot guarantee that forward-looking statements will be revised to reflect future events or circumstances.

This introduction material and the information contained therein are for reference only and are not intended to be used or provided as a guide for the purchase or sale of any securities or financial instruments, nor are they intended to provide any investment services or advice.

DECLARATION

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CONTENTS

01 Company Profile
02 Global Sites
03 Core Technology
04 Financial Result
05 Market Trend and Future Development

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15

廣華控股

Hiroca Holdings Ltd.

Established Date

Dec. 8, 2009

Paid-in Capital

NTD 838.4 million

Employees

2,327

Group operation, dedicated to the development of automotive trim and providing the best solutions for automotive technology

Core competitiveness: Highly vertically and horizontally integrated production capabilities/deeply sophisticated process technology and improved innovation/high customer QCD trust

Hiroca Holdings is based in China and has set up R&D and production bases around the world to continuously improve product quality, reduce production costs, and is committed to high-efficiency supply and services, and further uses green technology to create a sustainable industry with customers!

Quality recognized by the world's three largest automobile companies

Highly professional control of the supply chain ensures stable product quality and reduces waste.

TS16949

Globally recognized market standards

Covering multiple audit standards of the United States, Germany and France, Significantly reduce certification concerns and increase global purchasing confidence.

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HIROCA GROUP

WORLDWIDE LOCATIONS

Sites in Mainland China

• Dongguan Hirosawa
• Wuhan Hiroyushi
• Hunan Hiroyushi
• Xianyang Hiroyushi
• Kaifeng Hiroyushi
• Dongguan M o n o
• Suzhou Hiroyuki

Wuhan Hiroyushi

Xianyang Hiroyushi

Hunan Hiroyushi

HQ-Dongguan Hirosawa

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HIROCA GROUP

>>>>>>>>>

WORLDWIDE LOCATIONS

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❤

酒華控股

Hiroca Holdings Ltd.

Core Technology-Surface Treatment

Existing surface treatment

• Vacuum heat transfer
• Paint
• Chorming
• Hot stamping
• Water transfer printing

EPF new surface treatment

Replace Uprade

• Metal film
• Multi color film
• Wood/Aluminium

• Printing
• Optical
• Itching
• 3D Laser engraving

Injction in Mold

Technical Advantage

• Completed surface treatment tech
• Appearance/material/quality/environmental protection
• Customized design capabilities
• Provide cost reduction solutions

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廣華控股

(www.nxiang.com)

Core Technology-Electrical Production

Optical testing

• SPEOS
• LUCIDSHAPE

Mechanism Design Capabilities

• Dassault
• SIEMENS
• CATIA V5
• NX UG

Intelligent software design

• C/C++
• RTOS
• Embedded Linux

Thermal analysis

• MOLDFLOW
• ANSYS Mechanical
• SIEMENS FLOEFD

Mini Led/Led | Packaging

• C/C++
• RTOS
• Embedded Linux

Integrate 6 core technologies

Circuitry Design

• KEIL
• CANBUS
• AD-PCB
• CAD

What we have

Optics, heat dissipation, mechanism, electronic hardware and software, LED packaging and other development technology capabilities

What we can do

Design new interior touch vibration, ambient lighting, map lights and lights, illuminated signs

What we must do

Master key technologies and design simultaneously
Highlight product differentiation and customization

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真華控股

HKSOLE HOLDING LTD

Core Technology-Color and texture design capabilities

Process technology strength

工藝技術 Technology	噴塗 Painting	電鍍 Plating	熱燙印 Hot stamping	水轉印 Hydro Graphic	模內轉印 IMD/INS	3D鐳雕 Tri-D3eco	TOM	真木真鋁 Real Wood Aluminum
外觀、材質性能、環保性能等提升 Appearance, Material properties, environmental protection, etc. to upgrade	PU油漆 PU paint	普通光鍍鉻 Ordinary light	庫爾滋 Kurz	Cubic	Type-P	單塗鐳雕 One layer	OMD	OPEN SKIN
	電鍍色漆 Plating paint	三價光鍍鉻 Trivalent light		S-Cubic	Type-TR	雙塗鐳雕 Double layer	OMR	PUR
	鋼琴黑漆 Piano Black	珍珠色調 Pearl shades		E-Cubic	Type-S	三塗鐳雕 Third layer
	軟觸漆 Soft touch paint	白金色調 White Gold				2次雙塗鐳雕 Double laser
	水性漆 Water paint	超薄電鍍 Thin plating				水轉印+鐳雕 Hydro + laser
	UV漆 UV paint					鐳雕+水轉印 Laser + Hydro
	水性UV漆 Water UV paint			原材料開發、膠膜紋理式樣設計、新工藝導入 Development of raw materials, film texture design, introducing new technology
	抗描紋漆 Fingerprint resistant paint			EPF 的雷雕工藝 紋理設計 Texture design of EPF thunder carving process
	硬化指紋漆 Hardening PU paint

Resource integration

>Film resource partner:

>Painting partner: TAIHO、Ruimeng、Donbon、PETER、NIPPON、MATSUI、Qianlang

>Plating partner: Jiangmen Tsukada Riken
>Wood/Aluminum partner: Hungarian Mono

Tech

texture

Slik

texture

Carbon

Fiber

Wood

texture

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寶華控股

TONGTECHNOLOGY

Core Technology-Product design capabilities

Color texture design

> Texture development
> Rendering/Animation

Accessories (Injection, Painting IMD)

> Functional parts (Axle pillow, cup holder, storage box)
> ambient lighting (Direct, reflective)

Lighting Module design

> Map light/reading light
> Interior/exterior high brake lights
> Taillights/through-type taillights
> Turning light
> Luminous signs

Electrical Module design

> Embedded architecture design, software programming, integration testing
> LIN, CAN
> Pressure Sensing
> Touch/Vibration

CAE Analysis

> Mold flow analysis
> Rigidity Analysis
> Optical Analysis
> Thermal flow analysis

Product Verification

> Environmental testing
> Physical Testing
> Chemical Test
> Color Test
> Optical Test
> Other

Production technology development

Production Technology
> Domestic rubber mold development
> Film texture laser engraving
> IMD process
> Surface decoration production
> Wood and Aluminum

PHOTOSHOP KEYSHOP ILLUSTRATOR

CATIA VS NX UG

LUCIDSHAPE ANSYS SPEOS

KEIL AD-PCB CANBUS CAD

MOLDFLOW LUCIDSHAPE ANSYS ANSYS SPEOS ANSYS FLUENT

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廣華控股

(www.weengrobe.com)

Core Technology-Patents

Environmental decoration innovative application

• Multi-color INS decoration technology
• Metallic environmental protection decoration
• Tambor door decoration technology

Smart ambient light innovative application

• Smart ambient light decoration technology
• Metallic decoration
• Tambur door decoration technology

Interior lighting, Application of exterior signal lights

• Innovative application of interior/exterior lamps
• Map Lamp
• MINI LED luminous badge

Patents: 77, Invention: 18, Utility: 59, (Film: 13)

• IMD - type automotive roller blinds, 201910837289.5
• Car Roller Blind Construction, 201921478333.

• Automobile rolling door manufacturing method, 202010730399.

• Sputtering type translucent decoration, 202020369023.0

• Internal sputtering film automotive decoration, 202120491231.2
• Method for manufacturing interior sputter-coated film automotive trim, 202110252083.3

• Automotive trim manufacturing method US Patent 16/902,250

• multi-functional thin Mini LED car lights, 202110252104.1

• Multifunctional thin Mini LED car lights, 202120491232.7
• Translucent leather trim, 202020369117.8
• Manufacturing system for plush decorative parts, 202020737991.2
• Automotive trim and manufacturing method US Patent 17/117,117 Taiwan Patent 109134299

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廣華控股

(株)台中控股有限公司

Financial Result-Financial Information

2020~2024 Financial Information						Unit: NTD Thousand/ EPS:NTD dollars
		2020		2021		2022		2023		2024
NO.	Subject	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%
1	Revenue	6,166,478	100%	7,314,879	100%	7,344,840	100%	5,761,288	100%	5,087,625	100%
2	Cost	4,772,317	77%	5,775,024	79%	5,849,352	79%	4,486,785	78%	3,956,748	78%
3	Gross Profit	1,394,161	23%	1,539,855	21%	1,495,488	20%	1,274,503	22%	1,130,877	22%
4	Operating Expense	1,138,123	18%	1,286,355	18%	1,285,503	18%	1,230,091	21%	1,221,056	24%
5	Operating Profit	256,038	4%	253,500	3%	209,985	3%	44,412	1%	-90,179	-2%
6	Non-operating income	233,488	4%	252,309	3%	191,842	3%	118,356	2%	277,331	5%
7	Non-operating Expense	71,934	1%	53,946	1%	192,466	3%	282,139	5%	173,762	-3%
8	Pre-tax income	417,592	7%	451,863	6%	209,361	3%	-119,371	-2%	13,390	0%
9	Income tax	130,273	2%	101,174	1%	78,668	1%	50,953	1%	59,219	1%
10	NCI Shares	-7,186		11,623		-5,636		-6,008		49,220
11	Net income attribute to parent company	294,505	5%	339,066	5%	136,329	2%	-164,316	-3%	-95,049	-2%
12	EPS	3.51		4.04		1.63		(1.96)		(1.14)

2020~2024 Financial Rate
Unit: 100 million NTD, %

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廣華控股

(Sheng Huang) Ltd.

Financial Result-Financial Information

1. Profitability

	2020	2021	2022	2023	2024
Gross profit%	22.61%	21.05%	20.36%	22.12%	22.23%
Operating profit%	4.15%	3.47%	2.86%	0.77%	-1.77%
Pre-tax profit%	6.77%	6.18%	2.85%	-2.07%	0.26%
Net income%	4.78%	4.79%	1.86%	-2.85%	-0.90%

2. Debt Solvency

	2020	2021	2022	2023	2024
Current ratio	169%	185%	215%	179%	169%
Quick ratio	135%	145%	174%	152%	143%
Debt ratio	37%	44%	39%	43%	40%
Interest coverage ratio	12.43	10.22	3.62	0.2	1.09

3. Business performance

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廣華控股

China Holdings Ltd.

Financial Result-Financial Information

2020-2024 Product portfolio

Painting Product: Key technologies and profit root.

Transfer and film part: Key technologies and profit root.

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2024 Revenue

寶華控股

Financial Result-Main Customer

Euro& American: 25%

Local: Volkswagen, Volvo

Export: Crysler, GM, PACCAR

Local Brand: 28%

BYD、Greatwall、GAC、
Geely、Voyah、DFSK、
Xiaopeng、Seres...etc

Local Brand

Euro& American

Japanese: 46%

Local: Dongfeng Nissan、
Dongfeng Honda、GAC Toyota、
GAC Honda

Export: Nissan Trade、SUBARU

Japanese

Local vs Export proportion 1:2

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廣華控股
General Holdings Ltd.
Financial Result-Main Customer

5 YEARS CUSTOMER EVOLUTION

Jan~Mar Revenue Compare

• Many best-selling models from domestic automakers have begun to be delivered since the fourth quarter of 2024.

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廣華控股

Henan Holdings, Ltd.

Financial Result-Main Customer

TOYOTA (Highlander)
Front and rear door panels
Process: Injection+INS

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廣華控股

Henan Holdings Ltd.

Financial Result-Main Customer

BYD Tang

Driver and passenger door trim strips

Process: Injection+INS

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廣華控股

Henna Holdings Ltd

Financial Result-Main Customer

BYD (Multiple models) Car Refrigerator

Process: Injection+Painting

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廣華控股

Henan Holdings Ltd.

Financial Result-Main Customer

Changan (CS75)
Luminous car logo
Process: Injection+IML

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廣華控股

Henna Hending Ltd.

Financial Result-Main Customer

Honda S7/P7

Driver, co-driver and center console trim

Process: Leather covering (translucent leather) + ambient light (Mini LED)

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廣華控股

China Holdings Ltd.

Financial Result-Transformation Results

Since the newly received order is still in the development stage and has not yet been mass-produced, only similar products can be displayed.

Product categories of new orders received in 2024

Number of orders received for Light and Beauty

ILL. Hidden ambient light
Process : IML

ILL. Touch door panel
Vehicle communication interface (LIN BOX)
How it works : touch
ILL. Luminous car logo
Process : IML
Partnership : Tier1

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廣華控股

(Sina) Hubei) Ltd.

Financial Result-Transformation Results

China's top 10 automobile companies ranking

Sources: CPCA

Unit: 10,000 cars

In 2023 and 2024, the sales volume of passenger cars

In 2023 and 2024, the sales volume of passenger cars

Top 20 most popular car models in December,2024

#	Compa ny	Model	Oct.	Nov.	Dec.	Diff%	Note
1	TESLA	Model Y	36,204	44,576	61,881	+47.8%↑	NEV
2	BYD	SEAGULL	51,288	56,156	48,754	-14.4%↓	NEV
3	VW	Lavida	32,365	32,125	39,607	+23.1%↑
4	Wuling	MINIEV	34,185	34,777	37,747	+8.7%↑	NEV
5	Nissan	Sylphy	31,942	32,977	37,272	+13.4%↑
6	Chery	Tiggo 8	21,625	21,556	31,215	+44.7%↑
7	VW	Passat	23,973	23,300	31,208	+33.0%↑
8	Wuling	Bingo	24,106	26,808	30,757	+16.4%↑	NEV
9	BYD	Qin L DM	39,316	33,948	30,062	-9.9%↓	NEV
10	Changa n	CS75 PLUS	21,574	22,942	27,962	+23.3%↑
11	LiXiang	L6	25,814	24,318	27,769	+13.4%↑	NEV
12	Geely	Xingyue L	24,465	24,667	27,548	+11.8%↑	NEV
13	BYD	Seal 06	38,069	29,465	26,711	-7.2%↓	NEV
14	VW	Tiquan L	18,397	20,167	26,663	+35.3%↑
15	BYD	Qin PLUS DM	27,431	24,869	25,970	+4.0%↑	NEV
16	XiaoMi	SU7	20,726	23,156	25,815	+12.8%↑	NEV
17	VW	Sagitar	22,822	21,767	25,718	+17.3%↑
18	BYD	Song Pro DM	22,615	20,613	25,385	+21.1%↑	NEV
19	Honda	Accord	13,452	15,354	25,145	+72.8%↑
20	Toyota	RAV4	20,068	20,655	23,697	+15.2%↑

Note: The yellow marked models are the ones that our group supplies

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廣華控股

(Sina) nsdrop Ltd

Market Trend and Future Development

China's automobile sales in recent years (NEV included)
Unit: 10,000 cars

Source: China Automobile Association

Global car sales trends in recent years
In 2024, global sales of PEV will be 11.6 million units, accounting for 13.2% of the market.
Unit: 10,000 cars

Source: MarkLines, S&P Global Automotive

Sales of some auto brands in 2024 and targets for 2025
Sales volume of auto brands in 2024 and targets for 2025 (Unit: Vehicles)

NO.	Brand	2,024	%	Target of 2025	Note
1	BYD	4,272,145	41.3%	5 million
2	Changan	2,683,800	5.1%	3 million
3	Chery	2,603,916	38.4%	3 million
4	Geely	2,176,567	32.0%	2.71 million
5	GAC	2,003,058	-20.0%	Grow 15%
6	TOYOTA(CN)	1,776,000	6.9%	-
7	Geely	1,669,003	27.0%	2 million
8	FAW-VW	1,659,107	-	-
9	Great Wall	1,233,292	0.2%	-
10	HONDA(CN)	852,269	30.9%	-
11	Nissan(CN)	696,631	12.2%	-
12	JETOUR	568,387	80.3%	0.8 million
13	LiXiang	500,508	33.1%	0.7 million
14	HIMA	444,956	-	1 million
15	SAC	401,300	20.1%	-
16	LEAP	293,724	103.8%	0.5 million
17	LYNK	285,441	30.0%	0.39 million
18	DFMC	248,000	2.5%	3.2 million
19	Deepal	243,894	78.1%	0.5 million
20	Zeeker	222,123	87.2%	0.32 million
21	NIO	221,970	38.7%	0.46 million
22	XiaoPeng	190,068	34.2%	0.35 million
23	XiaoMi	135,000	-	0.3 million
24	Voyah	85,697	69.5%	0.2 million
25	ARCFOX	81,017	169.9%	-
26	AVATAR	73,606	140.0%	0.22 million

数据来源：中汽路研、中国汽车报、兆车企官方公布

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牌華控股

(Shandong) Ltd.

Market Trend and Future Development

1. China: Dongguan headquarters moved into the new factory and the factory area was integrated
2. Taiwan: Overseas R&D center and film production line, vertical integration of front-end raw materials
3. Mexico: High order visibility, plans to expand the factory
4. Japan: Targeting Japanese global car models to increase business
5. Korea: Entering the Korean market and expanding the territory through joint ventures

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廣華控股

Hiroca Holdings Ltd.

THANK YOU!