Nan Ya Plastics Corp (1303 TT, $197.00)- Successful AI electronic material deployment maintains transformation benefits

Research evidence excerpt

Nan Ya Plastics Corp (1303 TT, $197.00)- Successful AI electronic material deployment maintains transformation benefits

Taiwan Equity | Plastics Industry

Company Snapshot

Fubon Research Nan Ya Plastics Corp (1303 TT)

July 2, 2026

_ Successful AI electronic material deployment maintains

transformation benefits Buy

Price Target price

NT$197.00 NT$242 Transfer coverage at Buy, target price of NT$242, 23% upside

○Visit notes ●Initiating coverage 1. M8, M9 grade materials to begin mass production in 2H26; electronic materials

○Company update ○Earnings revision share expected to rise to 60%

●Earnings preview ○Rating change

2. High-value-added new products launched one after another, Nan Ya Plastics

Shares out. (mn) 7,931

gradually moving from product transformation to industry transformation

Mkt cap (NT$mn) 1,562,370

Mkt cap (US$mn) 48,997 3. Electronic materials drive sequential growth in FY26 sales, accelerating optimization

FINI holding (%) 34.78 of product mix across business groups

Local IM holding (%) 3.38

Directors holding (%) 18.20

M8, M9 grade materials to begin mass production in 2H26; electronic materials share

52-week high (NT$) 197.00

52-week low (NT$) 26.02 expected to rise to 60%

Day-trading % 11% Nan Ya Plastics has successfully transformed from traditional petrochemicals, with

electronic materials accounting for 52.8% of sales in 1Q26, up 6.4ppts from FY25, and is

ESG rating 8 Industry Rank 1/25 expected to further rise to 60%. Its market positioning is gradually approaching that of an

electronic growth stock, which will help to enhance valuation. Benefiting from AI servers

and the upgrade of 1.6T network switches, demand for mid-to-high-end CCL materials

exceeds supply. In March this year, Nan Ya raised CCL prices by 15%, while Nittobo's T-