2025年03月06日

Dear Investors,

YG Group-KY (1589) hereby announces its self-settling financial results for the year 2024 and the 4th quarter of 2024。

2024 Annual Financial Results

w Consolidated revenue was NT$7.202 billion, a decrease of 16.94% over last year.

wThe tonnage shipped this year was 162,889 tons, a decrease of 6.94% compared to the same period last year.

wThe revenue share of each product application is renewable energy (45.1%), injection molding machine (24.4%), and industrial machinery (30.5%).

wConsolidated gross margin for the year was -1.0%, a decrease of 15 percentage points from 14.0% last year.

wThe net operating margin for the year was -16.0%, a decrease of 14.0 percentage points from last year's -2.0%.

wNet profit after tax for the current year was a negative NT $ 633 million, a decrease of NT$ 357 million from the net profit after tax of a negative NT$ 276 million last year.

wEarnings per share for the year were a negative NT$ 5.17, a decrease of NT$ 2.82 from the net profit per share of a negative NT $ 2.35 last year.

w   2024 Revenue and annual growth rate:

The European and American markets are affected by multiple factors, including high inflation driven by soaring energy prices and geopolitical risks, resulting in insufficient economic growth momentum. Meanwhile, in mainland China, the demand for injection molding machines and industrial machinery remains flat. However, wind power installation capacity has fallen short of expectations, and intense price competition has further weakened the selling prices and profitability of these product categories.

2024 Q4 Financial Results 

w   Consolidated revenue for the quarter was NT $ 2.196 billion, an increase of 18.89% from the previous quarter and an increase of 1.10% from the same period last year. The application of each product accounts for the proportion of revenue as renewable energy (48.2%), injection molding machine (24.6%), and industrial machinery (27.2%).

w   The tonnage shipped during the quarter was 49,672 tons, an increase of 19.91% from the previous quarter and an increase of 10.87% from the same period last year.

w   The consolidated gross profit margin of this quarter was 5.34%, an increase of 3.80 percentage points from 1.54% in the previous quarter; and an increase of 2.82 percentage points from 2.52% in the same period last year.

w   The net operating margin for this quarter was -9.05%, an increase of 5.75 percentage points from -14.80% in the previous quarter, and an increase of 3.80 percentage points from -12.85% in the same period last year.

w   The net loss after tax in this quarter was NT$27 million, the net profit after tax in the previous quarter was NT$338 million, and the net loss after tax in the same period last year was NT$205 million; the loss per share in this quarter was NT$0.04. The earings per share in the previous quarter was NT$2.82, and the loss per share in the same period last year was NT$1.75.

w This quarter, in addition to being a traditional peak consumption season, is also overshadowed by tariff pressures from Trump 2.0. As a result, customers and merchants have largely pulled forward their orders to build inventory, thereby boosting shipment demand. Consequently, compared to the previous quarter, both shipments and revenue have seen growth.

2025 Operational Outlook

The following statements about future prospects are based on expectations of the current situation, but at the same time subject to known or unknown risks or uncertainties. Please refer to the attached "Disclaimer".

w  Looking ahead to 2025, as the final year of China’s 14th Five-Year Plan, the newly installed wind power capacity in mainland China is expected to rise from 80 GW in 2024 to 110 GW, signaling an overall positive market outlook. This increase not only supports growth in order volumes but also brings a modest recovery in pricing. Meanwhile, with the advent of the Trump 2.0 era, the end of the Russia-Ukraine war is beginning to show signs of hope. Post-war reconstruction and development, coupled with Europe’s economic growth, may drive demand for injection molding machines and industrial machinery, potentially boosting order intake beyond 2024 levels. The Group will focus on deepening its presence in key markets, expanding efforts to acquire new clients, and enhancing service capabilities.

Additionally, with the successful development and mass production of flagship products such as hubs and bases for large-megawatt wind turbines at the Taichung Port facility, the Group anticipates producing 10,000 to 11,000 tons of large-scale wind power components. At the same time, the Thailand plant is set to commence operations swiftly and contribute to output. Leading wind power OEMs and numerous international giants have shown strong interest in the Thailand facility’s capacity, expressing a desire to deepen cooperation with the company to support their overseas markets. The Group will prudently assess the development potential of various industries, adjust its business portfolio, and prioritize competitive sectors to achieve a full-year shipment target of 190,000 tons.

In 2025, we believe the company’s performance will improve significantly, transitioning from losses to profitability. By demonstrating resilience amid challenges and seizing opportunities amid change, the Group aims to pave a new path for sustainable development.

Revenue and Shipment by quarter

Investor Relations：

Nick Lee Assistant General Manager

Add: 4F., No93, Xinhu 1St Rd., Neihu Dist., Taipei, Taiwan(R.O.C.)

Tel : +886-2-2791-7198 ext.17

Mobile : +886-978-705-865

E-mail : [email protected]

Safe Harbor Notice

This presentation contains certain forward-looking statements that are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Except as required by law, we undertake no obligation to update any forward – looking statements, whether as a result of new information, future events or otherwise.