Foreword

Chairman’s Statement

The COVID-19 pandemic taught HIWIN the importance of maintaining resilient operations in the face of risks and disruptions. However, the challenges followed in 2024 have been unabated. Ongoing international conflicts, escalating the Red Sea crisis, and increasing pressures from carbon fees and tariffs have compelled us to take proactive plans and make thorough preparations to confront unprecedented challenges.

In 2024, HIWIN reported a consolidated net revenue of NT$24.392 billion and net income after tax of NT$1.863 billion. Operating as a business that delivers positive impact to society has always been HIWIN’s core mission. We invite all stakeholders and partners who care about HIWIN to join hands with us in advancing sustainability and building a more resilient core competency for the company. HIWIN fulfills its sustainability vision through four defined sustainability roles, as outlined below:

Innovation is deeply embedded in HIWIN’s DNA. In 2024, the High-Speed Electrical Discharge Milling Head RCH-100E was awarded the Silver Award at the Taiwan Excellence Awards. Additionally, through the ecological education film “We Love Living Here,” HIWIN changes the traditional mindset of the manufacturing industry by promoting a harmonious coexistence between factories and the natural environment, carrying out the concepts of ecological conservation and environmental sustainability. HIWIN upholds a management philosophy that balances the critical technology R&D with environmental sustainability. We not only breathe new life into critical components, but also aspire to inject renewed energy into the precision machinery industry, continously driving the advancement of high-end manufacturing.

In 2023, HIWIN committed to the Science Based Targets initiative (SBTi), and after nearly two years of dedicated efforts, we successfully passed SBTi target validation in November 2024. Furthermore, HIWIN was selected as a constituent of the 2024 Dow Jones Sustainability Emerging Markets Index (DJSI EM). As part of its commitment to carbon reduction and environmental stewardship, HIWIN was recognized as one of the Top 100 Carbon Competitiveness Enterprises for both 2023 and 2024. In 2024, we achieved a 26.2% reduction in Scope 1 and Scope 2 greenhouse gas emissions compared to the 2021 base year, and completed carbon footprint verifications for two selected products. Looking ahead, we aim to collaborate with our supply chain partners to advance toward the net-zero target, demonstrating HIWIN’s unwavering commitment to carbon reduction.

Global operations must be rooted in local culture and guided by strong cultural intelligence.To support local economies and gain a deeper understanding of regional needs, HIWIN’s overseas subsidiaries primarily employ local personnel, reflecting our commitment to integrating global resources with local perspectives. In Taiwan, HIWIN is dedicated to creating a supportive and inclusive workplace. The Company hires foreign employees across various roles, provides designated parking spaces for pregnant employees, and offers both nursing rooms and an Employee Assistance Program (EAP) to provide timely support to employees, especially women, in need. As of the end of 2024, women held 14.6%of managerial positions and 12.3% of STEM roles. The key talent retention rate rose to 96.5%. Over the past five years, HIWIN has continued to make steady progress and strives to leverage organizational diversity to achieve even greater success.

Cultivating a robust talent pipeline has always been one of the key indicators for advancing core technologies and maintaining resilient operations. HIWIN begins at the grassroots level by investing in early education―supporting elementary schools through initiatives such as Elementary school library construction, book donation, English course, and STEAM education demonstration. The Company also continues to sponsor HIWIN Doctoral Dissertation Award and HIWIN Thesis Award. Through industry-academia collaboration with multiple universities, HIWIN is committed to cultivating talent in critical fields such as smart manufacturing, artificial intelligence, and sustainable energy technologies, thereby fostering industrial development and economic prosperity.