Feng Tay Enterprises (9910) Investor presentation summary

Company overview

• Founded in 1971 with headquarters in Yunlin Science and Industrial Park, Taiwan.

• Capital of NTD 9,875 million and approximately 131,000 employees.

• Main business is shoe manufacturing and sales, with production in China (8%), Indonesia (14%), Vietnam (43%), and India (35%).

Financial performance (2026 2Q and 1-2Q)

• 2Q 2026 revenue was NTD 20,380 million, up 6% QoQ but flat YoY; net income was NTD 1,032 million, up 54% QoQ and 25% YoY.

• 1-2Q 2026 revenue was NTD 39,615 million, down 4% YoY; net income was NTD 1,701 million, down 16% YoY.

• Gross margin in 2Q 2026 was 19%, up 2 ppt QoQ but down 5 ppt YoY; net profit margin was 5%.

• EPS for 2Q 2026 was NTD 1.03, up 51% QoQ and 41% YoY.

• Annualized ROE for 2Q 2026 was 15%, up 6 ppt QoQ and 2 ppt YoY.

Balance sheet and cash flow

• Total assets as of June 30, 2026 were NTD 51,845 million; equity was NTD 25,361 million.

• Cash balance at June 30, 2026 was NTD 3,771 million, down from NTD 5,283 million at end-2025.

• Bank loans decreased to NTD 4,387 million from NTD 5,833 million at end-2025.

• Cash from operating activities in 1H 2026 was NTD 1,135 million; capital expenditures were NTD 1,066 million.

• Cash dividends paid in 1H 2026 totaled NTD 5,036 million.