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Weikeng Investor Presentation 2026
52266_rns_2026-05-27_17ed83e3-9324-4c55-a3cd-23f9d2a462bd.pdf
Investor Presentation
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成 媒 WEIKEING
2026 1st Quarter Earnings Conference
2026/5/28
2026 WEIKEING
© 2026 Weikeng Industrial Co., Ltd.
weikeng
Agenda
- Welcome
- Company Introduction
- Q1'26 Financial Results
- AI-Driven Industry Growth vs. Weikeng Opportunities
- 2026 Company Focus: Market and Product Line Opportunities
- Sustainability Governance Implementation Status
- Q & A
2026/5/27
© 2026 Weikeng Industrial Co., Ltd.
Safe Harbor Notice
WEIKENG
WEIKENG's statements of its current expectations are forward-looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward-looking statements.
Information as to those factors that could cause actual results varied can be found in WEIKENG's Quarterly or Yearly Financial Statements and Report filed with the Taiwan Stock Exchange Corporation (the "TWSE") and such other major information will be posted on the TWSE's Market Observation Post System (MOPS) from time to time.
Except as required by law, we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.
In addition, any financial information contained in this report is prepared in accordance with the International Financial Reporting Standards (IFRSs).
© 2026 Weikeng Industrial Co., Ltd.
Company Introduction – Revenues, 2022-2026’Jan~Apr
WEIKENG
Weikeng Facts
Group Consolidated Revenues, 2022-2026/Jan~Apr
Data for Jan~Apr '26
© 2026 Weikeng Industrial Co., Ltd.
WEIKENG
Q1'26 Financial Results-
Consolidated Statements of Comprehensive Income
| Selected Items from Consolidated Statements of Comprehensive Income (In NT$ Millions) | 1st Q 2026 | 4th Q 2025 | 1st Q 2025 | 1st Q 26 Over 4th Q 25 (QoQ) | 1st Q26 Over 1st Q25 (YoY) |
|---|---|---|---|---|---|
| Net Revenue | 30,857 | 28,020 | 25,810 | 10% | 20% |
| Gross Margin | 1,908 | ||||
| 6.18% | 1,467 | ||||
| 5.24% | 1,377 | ||||
| 5.33% | 30% | ||||
| +0.94ppts | 39% | ||||
| +0.85ppts | |||||
| Operating Expenses | 856 | 802 | 695 | 7% | 23% |
| Net Operating Income | 1,052 | ||||
| 3.41% | 665 | ||||
| 2.37% | 682 | ||||
| 2.64% | 58% | ||||
| +1.03ppts | 54% | ||||
| +0.77ppts | |||||
| Net Non-Operating Income & Expenses | (107) | (169) | (244) | 37% | 56% |
| Profit before Tax | 944 | ||||
| 3.06% | 496 | ||||
| 1.77% | 438 | ||||
| 1.70% | 91% | ||||
| +1.29ppts | 116% | ||||
| +1.36ppts | |||||
| Net Profit | 728 | ||||
| 2.36% | 374 | ||||
| 1.34% | 323 | ||||
| 1.25% | 94% | ||||
| +1.02ppts | 126% | ||||
| +1.11ppts | |||||
| Basic EPS(NT$) | 1.52 | 0.78 | 0.68 | 95% | 124% |
| Exchange Rate(NT$/US$) | 31.62 | 31.03 | 32.88 | 2% | -4% |
Comparison of the previous period:
1. The interest revenue decreased by NT$1.49 million
2. The financial cost increased by NT$1 million
3. Net exchange gains and losses increased by NT$59 million
1st Q Year-on-Year Comparison:
1. The interest revenue decreased by NT$1.66 million
2. The financial cost decreased by NT$11 million
3. Net exchange gains and losses increased by NT$113 million
© 2026 Weikeng Industrial Co., Ltd.
WEIKENG
Q1'26 Financial Results-
Balance Sheets and Key Indices
| Selected Items from Balance Sheets (In NT$ Millions) | Mar. 31, 2026 | Dec. 31, 2025 | Mar. 31, 2025 | |||
|---|---|---|---|---|---|---|
| $ | % | $ | % | $ | % | |
| Cash and Cash Equivalents | 3,953 | 8 | 2,950 | 7 | 2,865 | 7 |
| Notes and Accounts Receivable, net | 22,292 | 45 | 19,476 | 44 | 18,504 | 42 |
| Inventories, net | 21,158 | 43 | 20,020 | 45 | 20,530 | 47 |
| Total Assets | 49,530 | 100 | 44,155 | 100 | 43,715 | 100 |
| Short-term Borrowings | 18,510 | 37 | 18,673 | 42 | 19,625 | 45 |
| Notes and Accounts Payable | 12,574 | 25 | 8,558 | 19 | 6,557 | 15 |
| Total Liabilities | 38,881 | 78 | 33,440 | 76 | 33,343 | 76 |
| Total Equity | 10,649 | 22 | 10,715 | 24 | 10,372 | 24 |
| Key Indices | ||||||
| A/R Turnover (Days) | 62 | 62 | 64 | |||
| Inventory Turnover (Days) | 65 | 71 | 77 | |||
| A/P Outstanding (Days) | 33 | 30 | 28 | |||
| Current Ratio (X) | 1.38 | 1.44 | 1.44 | |||
| ROWC(%) | 13.61 | 5.89 | 8.74 | |||
| ROE(%) | 27.26 | 7.99 | 12.13 | |||
| Exchange rate at the BS date | 32.000 | 31.375 | 33.100 |
© 2026 Weikeng Industrial Co., Ltd.
WEIKENG
Q1'26 Financial Results-
Triple Margin_ QTD
© 2026 Weikeng Industrial Co., Ltd.
WIRE
WEIKENG
AI-Driven Industry Growth vs. Weikeng Opportunities
- AI Shift vs. Weikeng Opportunities
- [Industry Trends]
- AI shifting from Training → Inference, with Agentic AI emerging
- CPU:GPU ratio moving from 1:8 / 1:4 → 1:1
- Driving full-stack AI supply chain upgrade (CPU, GPU, Memory, Networking, Power)
- Increasing supply constraints
- [Weikeng's Strengths]
- Strong portfolio across agentic AI domains (CPU, GPU, Memory/Storage, Networking, Power)
- Comprehensive coverage of the AI supply chain
- Well-positioned to capture AI ecosystem opportunities
| AI Ecosystem Modules | Principal Vendors / Product Lines | Platforms & Application Opportunities | Strategic Positioning & Delivery |
|---|---|---|---|
| Core Compute (Training, Inference, Agentic AI): CPU, GPU | AMD, Molex | AMD Platform; CSP ASIC Platform | Well positioned across the full AI value chain |
| Rapidly growing AI-related business | |||
| Increasing contribution to revenue | |||
| Becoming a key growth driver | |||
| GPU Modules / Compute Boards (HPM, SCM, RoT), GPU OAM/UBB Components | Lattice, Microchip, Molex, Infineon | NVIDIA: HGX, MGX, DGX, GB200/GB300 NVL72, VR200 NVL72 | |
| AMD/Intel Platforms, AMD Helios Rack | |||
| CSP ASIC | |||
| Power Systems & Backup Modules (Power Shelf, PSU, SMPS, BBU, HVDC800V( ±400V), PDB Board, ESS, SST) | Infineon, Vishay, Microchip | ||
| High-Speed Networking & Interconnect (Ethernet / InfiniBand Switch, Nvlink/UALink Switch, NIC, DPU, CPU-related Components) | Lattice, Infineon, Vishay, Microchip, Molex | ||
| Memory & Storage (DRAM, NOR, NAND, SSD, eMMC, UFS, HDD) | WD, SanDisk, GigaDevice, Infineon |
© 2026 Weikeng Industrial Co., Ltd.
Weikeng Confidential
2026 WAIKEING
2026 Company Focus: Market and Product Line Opportunities
WEIKEING
| Market Segment | Key Vendor Lines | Current Market Dynamics | 2026 Market YoY(Qty) | 2026 Weikeng Revenue YoY Trend | |
|---|---|---|---|---|---|
| Servers (General-Purpose + AI) | Infineon, AMD, Molex, Lattice, Microchip, Vishay, WD/SanDisk | • Global server shipments expected to grow ~13% in 2026 (TrendForce 2026/4/15) | |||
| • AI server shipments expected to grow >28% YoY | |||||
| • Growth driven by North American CSPs and in-house ASIC deployment | |||||
| • Full-year AI server shipments projected to exceed 2M units (TrendForce 2026/4/15) | 13% | ↑ | |||
| PC (Desktop / Notebook / AI PC) | AMD, Infineon, Molex, Vishay, WD/SanDisk, Amazing, GigaDevice, Sinopower, Lattice | • Global PC shipments reached 63.3M units in 1Q 2026, up 3.2% YoY (Counterpoint Research) | |||
| • Growth driven by two key factors: | |||||
| > Pre-stocking ahead of memory price increases | |||||
| > Replacement demand following Windows 10 end-of-support (Counterpoint, Apr 17, 2026; Omdia, Apr 13, 2026) | |||||
| • FY2026 PC shipments expected to decline 11–12% due to memory imbalance despite strong Q1 | -12% | ↑ | |||
| Automotive | Infineon, NXP, Molex, Lattice, Microchip, Vishay, WD/SanDisk | • 2026 global light vehicle sales to remain stable at ~91.8M units(S&P Global, 30 January 2026) | |||
| • China auto sales projected to reach 34.75M units in 2026, +1% YoY | |||||
| • NEV (new energy vehicles) expected to reach 19M units, +15.2% YoY (CAAM, Jan 14, 2026) | Global New Vehicle: 1% | ||||
| China NEV: 15.2% | ↑ | ||||
| Robotics | Infineon, NXP, Molex, Lattice, Microchip, Vishay, WD/SanDisk | • China humanoid robot production expected to grow +94% YoY in 2026 | |||
| • Unitree Robotics and Zhiyuan Robotics combined to capture ~80% market share (TrendForce, Apr 9, 2026) | 94% | ↑ | |||
| • Global humanoid robot shipments expected to exceed 50K units in 2026, +700% YoY | |||||
| • U.S. players advancing commercial deployment (e.g., Boston Dynamics Atlas) | |||||
| • Tesla Optimus Gen 3 progressing toward mass production, driving the supply chain and capital markets | |||||
| • Moving toward a robot manufacturing model approaching automotive-scale mass production (TrendForce, Dec 9, 2025) | 700% | ||||
| (Shipments outside China currently remain limited) | |||||
| Power (ESS, BBU, SST, SMPS, HVDC800V, Charging) | Infineon, Vishay, Microchip, NXP | Technology | Description | 2026 YoY | ↑ |
| BBU (Battery Backup Unit) | Required for AI servers (e.g., GB200), strong adoption | 50% | |||
| HVDC (≤800V) | Scaling to 200kW–800V architectures | Power Supply (PSU): 56% | |||
| SST (Solid-State Transformer) | HVDC Year One driven by smart grid upgrade & AI data centers | 15% - 20.5% | |||
| ESS (Energy Storage System) | Utility-scale ESS boom, driving lithium demand to ~+55% YoY | 13.6% - 55% | |||
| EV Charging | Global public EV chargers ~9M units, supported by V2G (vehicle-to-grid) integration | ~25%–30% CAGR |
© 2026 Weikeng Industrial Co., Ltd.
WEIKENG
Sustainability Governance Implementation Status
- IFRS Sustainability Disclosure Roadmap
- In accordance with the threshold for companies with paid-in capital exceeding NT$5 billion
- Planned disclosure of FY2028 sustainability information covering FY2027 under IFRS S1 and S2
-
Currently under implementation with advisory support from KPMG
-
GHG Inventory and Verification
- Group-wide GHG inventory conducted based on the ISO framework
- Established in accordance with ISO 14064-1:2018
- Successfully verified by an external assurance provider (BSI Taiwan)
- Reasonable assurance: Scope 1 and Scope 2
- Limited assurance: Scope 3 (Categories 3–6)
-
Verification completed: April 2026 (Certificate No. CFV 817398)
-
Supply Chain Security – AEOS Certification Progress
- Application submitted for AEOS (Authorized Economic Operator – Security and Safety) certification
- Documentation review completed in April 2026 (Keelung Customs)
-
Improvement recommendations received; on-site validation scheduled for June 2026
-
Corporate Governance Evaluation
- FY2025 score: 94.92 (+6.0 YoY)
-
Ranking percentile: 21%–35% (maintained)
-
Information Disclosure
- Corporate Governance / Sustainability / Stakeholder Engagement
- Official website: https://www.weikeng.com.tw/
© 2026 Weikeng Industrial Co., Ltd.
WEIKENG
© 2026 Weikeng Industrial Co., Ltd.
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Thank You
WEIKEING
2026/5/27
© 2026 Weikeng Industrial Co., Ltd.
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