SUNON — Interim / Quarterly Report 2026

May 20, 2026

SUNON®

FIRST CHOICE GLOBALLY

Cooling Solutions

2026 Q1

Operating Results

SUNONwealth Electric Machine Industry Co., Ltd.

2421.TW / 2421 TT

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Disclaimer

The information or opinions contained in this document are based on expectations of current conditions and prediction on future events made by SUNONWEALTH ELECTRIC MACHINE INDUSTRY CO., LTD. (hereinafter referred to as “the Company”), which no representation or warranty, express or implied, is made as to its fairness, accuracy, completeness or timeliness. The information in this document only reflects the Company's view of the future as of the date hereof and is subject to change or adjustment in the future. And the Company assumes no obligation to notify or update it at any time unless otherwise required by the applicable laws. Neither the Company nor any of its subsidiaries, affiliates or representatives shall be liable for any direct or indirect damages arising out of the contents of this document, or any action taken as a result of reference to such contents.

The information contained in this document may express the Company's confidence in and expectations for its future vision, but these forward-looking statements are based on a number of factors relating to the Company's operations and are subject to unknown risks, uncertainties and other factors, and as a result, the actual results may differ materially from those in the forward-looking statements set forth above.

No part of this document may be copied, redistributed or transmitted, directly or indirectly, to any other person (whether inside or outside the Company) or published (in part or in whole) for any purpose.

SUNON

SUNONwealth Electric Machine Industry Co., Ltd. (2423, TW / 2421 TT)

FIRST CHOICE GLOBALLY Cooling Solutions

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SUNON
SUNONwealth Electric Machine Industry Co., Ltd. (2422 TW / 2421 TT)
FIRST CHOICE GLOBALLY Cooling Solutions

Quarterly Revenue

Page 3

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UNIT: NTD (M)
Revenue Performance

SUNON
www.SUNON.com

SUNON&health Electric Machine Industry Co., Ltd. (2422 TW / 2421 TT)
Page 4
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UNIT: NTD (M)

UNIT: NTD (M)

Quarterly Revenue in Server

SUNON

SUNONwealth Electric Machine Industry Co., Ltd. (2421 TW / 2421 TT)

FIRST CHOICE GLOBALLY Cooling Solutions

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UNIT: NTD (M)

Quarterly Revenue in Al Server

SUNON

SUNONwealth Electric Machine Industry Co., Ltd. (2421 TW / 2421 TT)

FIRST CHOICE GLOBALLY Cooling Solutions

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Products Application & QoQ Growth

SUNON

SUNONwealth Electric Machine Industry Co., Ltd. (2422 TW / 2421 TT)

FIRST CHOICE GLOBALLY Cooling Solutions

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Products Application & YoY Growth

SUNONwealth Electric Machine Industry Co., Ltd. (2422 TW / 2421 TT)

FIRST CHOICE GLOBALLY Cooling Solutions

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Profit Margin

Gross Margin

Operating Margin

Net Margin

SUNON

SUNONwealth Electric Machine Industry Co., Ltd. (2421 TW / 2421 TT)

FIRST CHOICE GLOBALLY Cooling Solutions

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Unit: NTD

Quarterly Earning

SUNON

SUNONwealth Electric Machine Industry Co., Ltd. (2422 TW / 2421 TT)

FIRST CHOICE GLOBALLY Cooling Solutions

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Earning & Cash Dividend

UNIT: NTD

	Y2016	Y2017	Y2018	Y2019	Y2020	Y2021	Y2022	Y2023	Y2024	Y2025
Payout Ratio	88%	88%	83%	74%	68%	70%	60%	68%	68%	69%

SUNON

SUNONwealth Electric Machine Industry Co., Ltd. (2421 TW / 2421 TT)

FIRST CHOICE GLOBALLY Cooling Solutions

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Appendix I

CONSOLIDATED BALANCE SHEETS
NT$ M	2025.3.31	2025.12.31	2026.3.31	Change(%)
				vs. 2025.12.31	vs. 2025.3.31
TOTAL ASSETS	15,830	17,427	19,420	11.4%	22.7%
Cash	5,279	5,256	6,013	14.4%	13.9%
A/R, N/R	4,445	5,217	5,545	6.3%	24.7%
Inventories	2,179	2,424	2,696	11.2%	23.7%
PP&E	2,510	3,054	3,230	5.8%	28.7%
TOTAL LIABILITIES	7,369	8,540	8,096	-5.2%	9.9%
Short-term loans	1,056	470	462	-1.7%	-56.3%
A/P	3,642	4,530	4,759	5.1%	30.7%
Long-term loans	432	613	0	-100.0%	-100.0%
TOTAL EQUITY	8,461	8,887	11,324	27.4%	33.8%
Days sales outstanding	94	91	98
Days sales of inventory	68	65	68
Current Ratio	1.92	1.84	2.06

SUNON

SUNONwealth Electric Machine Industry Co., Ltd. (2421 TW / 2421 TT)

FIRST CHOICE GLOBALLY Cooling Solutions

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Appendix II

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
NT$ M	2025
Q1	2026
Q1	YOY(%)
2026Q1
OPERATING REVENUES	4,162	5,019	20.6%
GROSS PROFIT	1,218	1,589	30.5%
OPERATING EXPENSES	-702	-801	14.1%
INCOME FROM OPERATIONS	516	788	52.7%
NON-OPERATING INCOME AND EXPENSES	64	17	-73.4%
INCOME BEFORE INCOME TAX	580	805	38.8%
NET INCOME attribute to owners	472	649	37.5%
EPS (NT$)	1.73	2.36
Gross Margin	29.3%	31.7%
Operating Margin	12.4%	15.7%
Net Margin(*)	11.3%	12.9%

(*)Net Margin = Net Income attribute to owners / Revenue

SUNON

SUNONwealth Electric Machine Industry Co., Ltd. (2421 TW / 2421 TT)

FIRST CHOICE GLOBALLY Cooling Solutions

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