E-Lead Electronic (2497) Investor presentation summary

Company overview and operations

• Operates R&D and manufacturing sites in Taiwan, China, Thailand, and India, focusing on automotive electronics and accessories for both two-wheel and four-wheel vehicles.

• Product lines include head-up displays (HUD), infotainment, ADAS, lighting, heaters, dashboards, and wireless charging.

• Acquired KOSO, expanding into the two-wheeler and special vehicle electronics market.

• Major OEM customers include Ducati, Kawasaki, Triumph, Kubota, and Yamaha.

Product and technology development

• Offers advanced dashboards, lighting, and heater solutions, with ongoing R&D in adaptive lighting, integrated electronics, and anti-theft systems.

• Product roadmap includes future launches in matrix LED headlamps, heating modules for mobility aids, and UAV engine systems.

• Focuses on system integration, such as radar blind spot detection and dashboard-camera connectivity.

Financial performance

• Quarterly revenue rose from NT$841 million in Q4 2023 to NT$1,348 million in Q3 2024, with some fluctuations projected for 2025.

• Gross margin ranged from 24.15% to 29.44% over recent quarters.

• Operating expenses remained stable, between NT$163 million and NT$198 million per quarter.

• Basic EPS improved from 0.33 in Q4 2023 to 0.98 in Q4 2024, with a temporary dip in Q2 2025.