LOTES — Interim / Quarterly Report 2025

Aug 18, 2025

嘉澤端子工業股份有限公司

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Brief Company Introduction

As many of you may know, LOTES specializes in design and manufacturing interconnection solutions for Server, PC, Automotive, Industrial and Medical.

LOTES maintains full control over our manufacturing processes through in-house integration.

This unique capability not only enhances our flexibility in customer support but also accelerates our ability to deliver cutting-edge solutions ensuring we stay ahead of market demands.

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Stamping Die Injection Mold
沖壓模具 塑膠模具
100% of design and
fabrication in house
100% 自行設計及製造
Assembly Jigs Automation Machines
組裝治具 自動機
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Revenue & Key Ratios營收及重要財務數字

Revenue EPS(NT$) Gross margin(%) Operating margin(%)

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	9,000																60
	8,000																50
	7,000																40
	6,000																30
	5,000																20
	4,000																10
	3,000																0
		Q4’21	Q1’22	Q2’22	Q3’22	Q4’22	Q1’23	Q2’23	Q3’23	Q4’23	Q1’24	Q2’24	Q3’24	Q4’24	Q1’25	Q2’25
Unit: Million (NT$)		Q4’21	Q1’22	Q2’22	Q3’22	Q4’22	Q1’23	Q2’23	Q3’23	Q4’23	Q1’24	Q2’24	Q3’24	Q4’24	Q1’25	Q2’25
Yearly Revenue		21,391			27,099				24,483				30,088			16,101
Quarterly Revenue		6,075	6,146	6,651	7,269	7,032	5,726	5,722	6,463	6,539	6,347	7,438	8,066	8,300	7,765	8,336
Gross profit		2,434	2,636	2,898	3,016	3,386	2,603	2,589	3,072	3,215	3,256	3,856	4,244	4,411	3,996	4,251
Operating expense		1,148	1,054	1,218	1,190	1,205	1,073	1,088	1,148	1,223	1,227	1,290	1,454	1,552	1,545	1,652
Operating profit		1,260	1,582	1,680	1,865	2,141	1,530	1,500	1,923	1,991	2,029	2,566	2,790	2,858	2,450	2,598
Net profit		1,004	1,383	1,495	1,980	1,466	1,181	1,284	1,867	1,259	2,105	2,264	2,061	2,845	2,275	749
Yearly EPS(NT$)		33.32			44.49				50.58				82.77			26.91
Quarterly EPS(NT$)		9.5	13.03	14.21	17.91	13.55	10.96	11.56	16.77	11.36	18.57	20.01	18.33	25.86	20.22	6.69
Payout R(%)		48.84			47.7				50				50.1
Gross margin(%)		40.06	42.89	43.57	41.49	48.16	45.46	45.35	47.54	48.93	51.31	52.22	52.62	53.15	51.47	51.00
Operating margin(%)		20.73	25.75	25.25	25.66	30.45	26.72	26.22	29.76	30.31	31.97	34.8	34.59	34.44	31.56	31.17
Current ratio(%)		242.14	261.15	233.72	266.59	272.80	361.10	304.98	355	380.41	406.31	286.69	299	319.81	374.7	237.85
Quick ratio(%)		181.67	195.87	178.24	218.27	225.61	313.77	268.69	316	340.14	363.57	258.85	269	287.54	336.05	211.14
Debt ratio(%)		31.66	30.80	33.02	28.58	26.39	23.91	27.3	24.13	22.58	21.57	27.71	26.63	24.4	20.89	31.01
Exchange gains	& losses														230	(1,505)

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Business Coverage 營收比重

Business Coverage 營收比重	Business Coverage 營收比重	Business Coverage 營收比重	Business Coverage 營收比重	Business Coverage 營收比重	Business Coverage 營收比重	Business Coverage 營收比重	Business Coverage 營收比重
Strategic Customers LINTES
Revenue share 2022 2023 2024 Q3’24(80.88E) Q4’24(83.47E) Q1’25(77.56E) Q2’25(84.14E)	29~30% 26~27% 34.1% 36~37% 31~32% 37% 37%	12~13% 13~14% 12.25% 11~12% 12~13% 11.2% 10.9%	25~26% 28~29% 27.47% 28~29% 28~29% 28.3% 28.1%	12~13% 12~13% 9.8% 11~12% 8~9% 9.15% 8.9%	3~4% 5~6% 6.32% 6~7% 6~7% 6.16% 6.94%	4%~5% 2~3% 2.67% 3~4% 2~3% 2.65% 2.53%	12% 9~10% 7.31% 7~8% 7~8% 5.48% 6.02%
Current main product	-CPU Socket -DDR -PCIE	-SODDR -M.2 -I/O -PD Cable	-All types of connectors	-Connectors -Mechanical parts	-Connectors -Wire harness	-Connectors -Wire harness	-High end Docking cable -AOC, AEC
Market trend (by Volume)	↗	↗	→ or ↘	→ or ↗	→ or ↗	→ or ↗	↗
Sales outlook	(2) ↗	(4) ↗	(3) ↗	(5) → or ↗	(1) ↗	(5) ↗	(5)↗
Future product plan	-CPU Socket -HSIO & Cable -SOCAMM	-SODDR5 -M.2 Gen 5.0 -USB4 -CAMM2	-DDR5 -PCIe 5.0	-Customized	-Customized	-Customized -Medical	-High Speed Cable

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Product Roadmap 產品Roadmap LeRain 嘉雨思 PCIE 5.0 Re-Driver

Intel	Server	LOTES,	FIT,	TE	AMD	Server	LOTES, LOTES,	FIT (Milan) FIT, Amphenol (Genoa)
							LOTES,	FIT, TE (Venice)
Intel	Desktop	LOTES,	FIT,	Deren	AMD	Desktop	LOTES,	FIT

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Products with color un-filled are still under-developing or time to market unknown.
DDR4 DDR5
Desktop PCIe 4 PCIe Gen 5
V0(1700) V1(1851) V2(1954)
AM4 AM5(LGA 1718) AMx
PCIe Gen 4 PCIe Gen 5 32Gbps PCIe Gen 6 64Gbps PCIe Gen 7 128Gbps
SMT DDR4 DDR5 DDR6
Server
P4 (4189) Eagle E1(4677) E2(4710) & BR(7529) Dx / D
SP3(4094) SP5(6096) Bergamo SP6(4844) SP7(7536) / SP8(5572)
Altra 4926 Siryn 5964 Banshee 7228
2022 2023 2024 2025 2026 2027
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Server CPU Roadmap 伺服器產品 Roadmap

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	2022	2022				2023				2024				2025				2026
	Q1		Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
Whitley	P4(4189)				Eagle Stream E1(4677)								Birch	Stream BR(7529)						Oak Stream DX(9324) DDR5 /PCIe 6.0
													Birch	Stream E2(4710)						Oak Stream D(5256) DDR5 /PCIe 6.0
Genoa SP5(6096)																		Venice SP7(7536)
Zen4		up to 92c																Zen6 up	to 256c
DDR5 / PCIe 5.0 / CXL 1.1																		DDR5 /PCIe 6.0/ CXL 3.0
			Bergamo SP5(6096)						Turin	SP5(6096)
			Zen4 up to 128c						Zen5 up to 192c
			DDR5 / PCIe 5.0 / CXL 1.1						DDR5	/ PCIe 5.0 /	CXL 2.0
					SIENA	SP6(4844)								SORANO				Venice SP8(5572)
					Zen4c up to 64c									Zen5 up to 64c				Zen6 up	to 128c
					DDR5 /	PCIe 5.0 /	CXL 1.1							DDR5 /	PCIe 5.0 /	CXL 2.0		DDR5 /PCIe 6.0/ CXL 3.0
		Altra (4926)				Siryn (5964)						Banshee	(7228)

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Q&A

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