Buima Deepens Green Energy Strategy and Expands Overseas Markets to Boost Operations

Buima Co., Ltd. (hereinafter referred to as "Buima"; Stock Code: 5543) convened its 2025 Annual General Meeting of Shareholders today. With an attendance rate of 85.22%, the shareholders acknowledged and approved the 2024 Business Report, Financial Statements, and other discussion items. Additionally, the meeting resolved to approve a plan to raise capital through a private placement of common shares or domestic unsecured convertible corporate bonds. The total issuance will not exceed 30 million shares. The Board of Directors is authorized to execute the placement in one or multiple installments (up to five times) within one year from the date of the shareholders' resolution. This move aims to strengthen the company’s financial structure and introduce strategic investors to enhance the Group's long-term competitiveness in the green energy sector.

For the full year of 2024, Buima reported consolidated revenue of NT$3.403 billion, a year-on-year increase of 4.23%. While the company benefited from growth in battery module shipments and a significant increase in export sales of metal building materials, intensified competition in the Chinese domestic wall panel market impacted overall capacity utilization. Additionally, the recognition of an expected credit loss provision of NT$95.42 million 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.

Buima stated that the Group remains committed to its goals of "cost reduction and efficiency enhancement" and "expanding the green energy business landscape" to actively push overall operations out of the trough. Current efforts to improve the operational efficiency of the metal business in China are meeting the Group's management expectations. Furthermore, stricter control over customer payment terms has led to the gradual reversal and recognition of the expected credit impairment losses provided last year. Regarding green energy, the Group is deepening cooperation with agents in Japan and Europe and expanding order performance across Taiwan, Japan, and Europe to inject further momentum into the business.

Buima further indicated that consolidated revenue for May 2025 reached NT$290 million. Benefiting from steady sales of export battery modules and proprietary metal studs, as well as the recognition of progress in construction projects, May revenue grew by 12.58% month-over-month and 11.20% year-over-year, marking two consecutive months of monthly growth. Cumulative consolidated revenue for the first five months of 2025 reached NT$1.328 billion. Notably, the green energy business continues to account for over 50% of revenue, suggesting that the benefits of the Group's key operational strategies are gradually emerging and contributing positively to overall operations.

Looking ahead, governments worldwide are ramping up efforts to strengthen grid stability by investing in grid infrastructure and energy storage systems to optimize energy dispatch efficiency. These trends create favorable conditions for the development of Buima's green energy business. The Group's energy storage wall system has successfully obtained European safety testing reports, and Buima is continuing to expand demonstration sites to increase local business opportunities. By deepening cooperation with regional distributors and alliance partners and providing ESCO energy service solutions, Buima aims to leverage flexible commercial models and alliance synergies to enhance its green energy layout and market competitiveness.