Buima Deepens "Cost Reduction and Efficiency Enhancement" Strategy and Sprints in Green Energy Business to Boost Future Operations

Buima Co., Ltd. (hereinafter referred to as "Buima"; Stock Code: 5543) announced its consolidated revenue for the full year of 2024 was NT$3.403 billion, a year-on-year increase of 4.23%. Benefiting from sustained good shipments of battery module products and a significant rise in export sales of metal building materials, the overall gross margin for 2024 reached 14.56%, an increase of 2.81 percentage points year-on-year. However, intensified competition in the Chinese domestic wall panel market affected overall capacity utilization, and the recognition of expected credit impairment losses resulted in a net loss attributable to owners of the parent company of NT$231 million for 2024, with a loss per share (EPS) of NT$5.67. If the net loss of NT$227 million from the Chinese building materials business were excluded, Buima’s overall operations for 2024 would have been profitable.

Buima’s entire management team adheres to the strategy of "cost reduction and efficiency enhancement," with the primary goals of fully driving the transformation of the green energy business and returning operations to a profitable track. Regarding the Chinese domestic wall panel business, the company is intensifying effectiveness controls, strengthening accounts receivable management mechanisms, and advancing plans for asset activation in China. Furthermore, having expanded proprietary export orders for metal building materials over the past two years, sales from proprietary export business in 2024 surpassed the level of OEM business for the German OWA Group. In the future, Buima will continue to expand proprietary export orders. Aside from reducing the operational burden of the Chinese domestic wall panel business on the Group, this presents opportunities to increase orders for the green energy business's Energy Storage Wall systems, contributing positive effects to overall operations.

Buima is dedicated to optimizing the Group's financial structure. It completed a private placement totaling 5 million shares (5,000 sheets) across late 2024 and early 2025, with all funds fully collected. This move strengthens the financial structure and introduces long-term strategic investors, aiming to expand existing advantages and achieve mutual growth. Buima pointed out that it remains optimistic about the long-term development of the green energy business. In addition to joint promotion alliances with Japanese distribution clients and EV charging solution providers, Buima has established a track record of four demonstration sites in Japan and Taiwan to date. The company continues to deepen partnerships to expand the implementation of overseas demonstration sites and advance IEC (Europe) and JIS (Japan) safety certification applications, which will help create significant volume for the Energy Storage Wall system.

Looking ahead to the first quarter of 2025, Buima holds a cautiously optimistic view. Buima is committed to enhancing overall operational synergy, expanding proprietary export metal building materials business, and sprinting in the green energy business. Regarding green energy, the company has successfully secured small-volume orders in South America, Japan, and Taiwan, and is actively vying for cooperation opportunities in various other application sites. Simultaneously, Buima continues to optimize production management for the Energy Storage Wall to accelerate the product's entry into the mass production stage, aiming to inject positive growth momentum into future operations.