WELLTEND — Annual Report 2023

Apr 15, 2024

WELLTEND TECHNOLOGY CORPORATION Company Information-2023Y

TWSE Code: 3021

2024/04/15

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Disclaimer

The information on this document is intended to be for reference and general information purposes only. It does not purport to be comprehensive nor to provide any investment or other professional advice. Welltend Technology Corporation does not warrant or represent that such information is complete, accurate or up to date. Users should base on the public information or announcement in Market Observation Post System(MOPS), to find the financial and business information. If there is any inconsistency or ambiguity between the English version and the Chinese version, the Chinese version shall prevail.

A enda g

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About Wire Harness System Performance ESG Q & A WELLTEND Business Integration and Group Business Prospects Group

Business Introduction

Wire harness business group：

System integration business group：

Our services Including : networking information security, cloud service design & setup, GIS software development and customize service, professional IT consulting, our service network covers each corners of the country, fully enhances customers‘ competitive advantages. We are your best partner of information consulting.

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Wire harness and connector both are key component of electronic products. It is responsible for transmitting electronic digital signals and connecting the information transmission bridge between electronic products. It is an important and indispensable part.

With more than 50 years experience, we have professional engineers and modernization equipments, we specialize in the production of various wire harness, key electronics components. Diversified customized products and flexible production capacity, and the persistence of quality and service from Japanese customers, become long-term supplier for customers.

WELLTEND has a strong management team, professional engineers, advanced equipment and excellent manufacturing capabilities, towards future advanced investment.

1

History

Development Restructure Transition Expanding Keep Going 1993 2002 2009 2017 2022 20232023

Established

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Company Share listed in Wire harness Invested in Revenue over Invested in established main board group joined Thailand TWD 390 India (TWSE) Invested in China Revenue over million TWD 200 million

2

Our Team

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Audit
Committee
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Management Center

• ➢ Group information, business strategy, investors message

• ➢ Human resources, legal affairs, information, procurement, accounting etc.

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Board of Director
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GM
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• System Integration BU

• ➢ IT system equipment planning, setup and sales

• ➢ MIS outsourcing, on site engineer service

• ➢ System/software engineering project

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Remuneration
Management
Committee
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Wire Harness BU

➢ For local and international market, wire harness and connectors business

• ➢manufacturing, promotion, development and sales

3

Wire Harness Group

IT equipment >> AI server/ transmission line

Industrial Use >> machines/ mechanical arm

Medical >> medical equipment

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Automotives >> IVI system/ security system/ HUD/ EV/ EV charging cable

Smart Home Appliances >> AC/ washing machine/TV vacuum cleaner/ refrigerator

Office Automation >> MFP/ printer

4

Regional Locations

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Factory in Kunshan
Factory in Huizhou
HQ in Taiwan
Factory in Philippine
Factory in India
Factory in Thailand
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-- Production Base China

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East China
KUNSHAN
South China
HUIZHOU
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-- Production Base South East Asia

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Thailand
Celeraise (Thailand) Co.,
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Philippines
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Celeraise Electronic Co.,

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2020 Q1
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2020
2021
2022
2023
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Expand Opportunity

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Physical Exhibition

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No
Distance
No
Time
Gap
360°
Full-Range
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Online Exhibition

10

TAIPEI AMPA 2024

TAIPEI NANGANG EXHIBITION CENTER, HALL 1 APR 17WED~20SAT, 2024 《NO. K1122 》

COMING SOON

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11

System Integration BU

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Consultant Service

Consulting, IT equipment planning and customization Professional Team Best technical team with more than 200 engineers One-Stop Service Distributing SW & HW to solve various problems ISO 27001 ISO27001 certification for IT security

Goal Achieving

Engineering team everywhere in Taiwan 7x24 support Meet customers business needs

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Products and Service

┃ IT Security ┃

Data protection/Antivirus/ Anti-ransom/monitoring/ Security consulting services

┃ Clouds ┃

Consulting for cloud construction AWS/ Azure/ GCP/ Oracle Cloud/TWS

┃ Software ┃ Solution ┃

Customize BPM Flow/ 5G & network geospatial data management system /RPA

┃ Services ┃ Consulting ┃ Maintenance ┃ 7*24 uninterrupted service / Onsite service/ Network integration/ Professional consulting services

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┃ Network & Data Center Deployment ┃

Data center/ 5G network/ Professional Wireless Hotspot Analysis Services

┃ Infrastructure Construction ┃

Completely sales & deployment services/ Comprehensive one-stop services - SW Network design/Security/Backup/Cloud service/ Virtualization / Web analysis/ GIS HW- PC/NB/Server/Storage/Netcom/HCI/Backup

13

Principal Partner

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Personal
equipment
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Network
equipment
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IT
Security
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Software
application
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100+
PARTNERS
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鴻名企業WELLTEND 2023Q32023Y 14
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Major Clients

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Banking

Banks, securities, insurance companies

Governments Central and local governments

Enterprises

Listed companies, foreign business in Taiwan Public services Hospitals, universities

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From SI to AI

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Build Intelligent Enterprises

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Security Combined with information security

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Network Optimize network architecture

Analytics Artificial Intelligence Analysis

Big Data Combined with big data

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Sales Category

• Sales Margin remain stable under reasonable cost control

• 2023 quarterly EPS： 0.31、0.53、0.1、0.4

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Revenue Margin Net Profit ( TWD / Million )

17

Operation highlight

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➢ Sector contribution

• Wire harness-- 61%

• System integration-- 39%

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(NTD million)

18

Income Statement Summary

➢ 2023 cumulative revenue affected by the destocking of end customers less than 2022.

TWD / Thousand

	2023Y	2022Y	2021Y
	Amount ％	Amount ％	Amount ％
Revenue	2,996,638	3,908,184	3,373,438
Margin	570,617 19	722,893 18	682,548 20
Expense	388,472 13	429,011 11	446,452 14
Profit	182,145 6	293,882 7	236,096 6
Non-operating Income	5,208 1	17,971 1	(24,423) (1)
Profit Before Tax	187,353 6	311,853 8	211,673 6
Income Tax	58,684 2	127,663 3	80,945 2
Net profit	128,669 4	184,190 5	130,728 4
EPS	1.34	1.92	1.36

19

Dividends Policy

• Shareholders have received cash dividends for 8 consecutive years.

• Company policy: share profits to long-term shareholders.

YEAR	2019	2020	2021	2022	2023
EPS	1.44	1.03	1.36	1.92	1.34
Cash Dividend	0.408	0.7	0.6	0.7	0.3
Avg. Trading Share Price	15.05	14.3	21.4	21.51	21.91
Dividend yield	2.7%	4.9%	2.8%	3.3%	1.4%
PE ratio	10.5	13.9	15.2	11.2	16.4

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20

Business insight

Wire Harness Group

System Integration Group

• ✓To expand high added value products in Europe, America and Japan market

• ✓Breaking territorial limitation, and seamless integration

• ✓Deepen the proportion of automotive electronic products

• ✓Increase long-term, stable service income

• ✓Expansion of manufacturing base in Southeast Asia

• ✓Intelligent Connectivity～Integration of network and information security

To enhance competitiveness

To strength customer engagement

. Revenue & Profit growth

21

ESG Sustainable Development

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2219

Environmental

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Accredited ISO14001 Environmental Management Systems Implement Energy-Saving Measures -- Lighting savings > 5% -- Paperless policy 1 -- Green procurement — Circular Resources Biodegradable Packaging

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239

Social

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添加
标题
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1
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2 3

Talent Cultivation IT Security Friendly Workplace

249

Governance

01 Board Diversity

02

Information Transparency

03 Good Internal Control

• 197,801

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259

ESG Performance

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2 26

Spokesman 黃小菁Emmy Huang 潘憶倫Anne Pan Email ir@welltend.com.tw TEL (02)8768-2688#8843