AirTAC International Group (1590) investor relations material

Executive summary

• Over 90% of revenue and expenses are denominated in RMB, limiting FX impact on operations; NT dollar appreciation only affects reported figures due to conversion rates.

• Consolidated financial statements for the six months ended June 30, 2025, were audited and found to present fairly in accordance with IFRS and local regulations.

• The Group operates primarily in pneumatic and hydraulic control components, with significant operations in Mainland China and global subsidiaries.

• 2025 consolidated revenue reached RMB 2,102 million, up 11% year-over-year; gross profit grew 8% to RMB 967 million.

• Net income before tax was RMB 603 million, down 6% year-over-year; net margin at 22.8%.

Financial highlights

• Operating revenue for the six months ended June 30, 2025, was $17,048,892 thousand, up 9% year-over-year.

• Gross margin was 46%; operating income RMB 641 million, up 8% year-over-year; operating margin 30.5%.

• Net profit for the period was $3,972,646 thousand, a slight decrease from $4,090,082 thousand in the prior year.

• Basic earnings per share for the six months were $19.86, compared to $20.45 for the same period last year.

• Total assets as of June 30, 2025, were $54,813,389 thousand, with equity attributable to owners at $44,007,094 thousand.

Outlook and guidance

• 2025 revenue expected to grow at least 10%, outpacing industry; OP margin guidance around 30%.

• Industry demand in China projected to be flattish to low single-digit growth; company expects to outperform by 10%.

• Battery and auto segments expected to sustain double-digit growth; electronics to see mid to high single-digit growth.

• The Group is assessing the impact of new IFRS standards effective from 2026 and 2027, with ongoing evaluation of potential effects on financial position and performance.

• Gross and OP margins anticipated to improve in H2 2025 versus H2 2024 as production relocations complete.