PANJIT — Annual Report 2024

Mar 19, 2025

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PANJIT International Inc

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Mar. 2025

• About PANJIT

• 2024 Q4 & 2024 FY Financial result

• ◼ Power Discrete & New Technology Focus

• ◼ Automotive

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PANJIT International Inc.

2024 Revenue: NTD$ 12.5 Billion (2481.TW)

Product: IC, MOSFET, SiC, IGBT, Diodes, TVS, ESD, Zener, Bridge, Transistor

Application: Automotive, Medical, Green Energy, High Performance Computing, Consumer, IoT

MILDEX Optical Inc.

2024 Revenue: NTD$ 990 Million (4729.TW) Product: Touch Panel, Display Application: Automotive, IPC, Military

ALLTOP Technology Co., Ltd.

2024 Revenue: NTD$ 3.2 Billion (3526.TW) Product: Connector, F cable, USB-Type C 3.1 Application: Automotive, Medical, Communication, Consumer

Group

Champion Microelectronic Corp.

2024 Revenue: NTD$ 816 Million (3257.TW)

Product: Power Management IC Application: Gaming PC/Adapter, Industrial PC, 5G Power

PANSTAR Semiconductor Co., Ltd

Product: ESD, MOSFET

Application: NB, PC, Automotive, Power Supply, Motor Driver

MetaWells Co., Ltd.

Product: Motor MCU, Power Management IC, Signal Chain IC

Application: AI/General computing, Motor Fan, Industrial PC, Consumer, Power Supply

2024 Q4 Consolidated Income Statement

Unit: M' NTD Revenue Gross Profit Gross Margin Sales Exp. Admin. Exp. R&D Exp. Operating Expenses Operating Profit Operating Margin Other Operating income and expense Income tax expense Net Profit Net Profit Margin EPS	2024 Q4 3,011.5 937.7 31.1% 208.2 270.4 268.9 751.5 186.1 6.2% 94.5 54.3 226.3 7.5% 0.54	2024 Q3 3,335.1 974.1 29.2% 192.9 282.7 259.4 739.6 234.4 7.0% 96.6 40.7 290.3 8.7% 0.66	QoQ -9.7% -3.7% 1.9 ppts 7.9% -4.4% 3.7% 1.6% -20.6% -0.8 ppts -2.2% 33.4% -22.0% -1.2 ppts -18.2%	2023 Q4 3,030.4 771.1 25.4% 169.5 222.2 225.0 619.5 151.6 5.0% 39.9 7.8 183.7 6.1% 0.38	YoY
					-0.6% 21.6% 5.7 ppts 22.8% 21.7% 19.5% 21.3% 22.8% 1.2 ppts 136.8% 596.2% 23.2% 1.4 ppts 42.1%

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Income Statement Key Indices

Revenue (Unit: M’ NTD)

Gross Margin

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4,000
3,335.1
3,030.4 3,011.5
3,000
2,000
4Q23 3Q24 4Q24
Revenue
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40%
31.1%
29.2%
30% 25.4%
20%
10%
0%
4Q23 3Q24 24Q4
Gross Margin
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Operating Profit Margin

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10%
7.0%
6.2%
5.0%
5%
0%
23Q4 24Q3 24Q4
Operating Profit Margin
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Net Profit Margin

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10% 8.7%
7.5%
6.1%
5%
0%
4Q23 3Q24 4Q24
Net Profit Margin
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Balance Sheet & Key Indices

Selected items from Balances Sheets

Unit: M' NTD Cash and Cash equivalents Accounts Receivable Inventories Investments Accounted for Using Equity Method Net PP&E Total Assets Current Liabilities Non-Current Liabilities Total Liabilities Total Equity Key Indices A/R Turnover Days Inventory Turnover Days Cash from operating activities	2024Q4 Amount % 2,361 8.2% 3,940 13.7% 2,739 9.5% 2,198 7.7% 7,322 25.5% 28,743 100.0% 7,206 25.1% 6,017 20.9% 13,223 46.0% 15,520 54.0% 122 117 846	2024Q3 Amount % 2,125 7.4% 4,431 15.5% 2,618 9.1% 2,106 7.4% 7,462 26.0% 28,671 100.0% 7,400 25.8% 6,088 21.2% 13,488 47.0% 15,183 53.0% 117 103 614	2023Q4
			Amount % 3,077 10.7% 4,226 14.7% 3,007 10.5% 2,018 7.0% 7,801 27.2% 28,683 100.0% 7,110 24.8% 6,938 24.2% 14,048 49.0% 14,635 51.0% 130 123 257

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Balance Sheet Key Indices

Cash from operating activities

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(Unit: M’ NTD)
1,000 846
614
500
257
-
4Q23 3Q24 24Q4
Cash from operating activities
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A/R Turnover Days

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140
130
122
117
120
100
4Q23 3Q24 4Q24
A/R Turnover Days
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Inventories by Total Assets

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15%
10.5%
9.5%
9.1%
10%
5%
4Q23 3Q24 4Q24
Inventories by Total Assets
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Inventory Turnover Days

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123
117
120
103
100
80
4Q23 3Q24 4Q24
Inventory Turnover Days
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2024 FY Financial Result

Unit: M' NTD Revenue Gross Profit Gross Margin Sales Exp. Admin. Exp. R&D Exp. Operating Expenses Operating Profit Operating Margin Other Operating income and expense Income tax expense Net Profit Net Profit Margin EPS	2024 12,536.2 3,597.1 28.7% 746.0 1,059.1 972.1 2,784.2 812.9 6.5% 454.7 190.2 1,077.4 8.6% 2.40	2023 12,707.3 3,208.1 25.3% 676.3 860.6 832.7 2,374.3 833.7 6.6% 331.4 152.1 1,013.0 8.0% 2.15	YoY
			-1.3% 12.1% 3.4 ppts 10.3% 23.1% 16.7% 17.3% -2.5% -0.1 ppts 37.2% 25.0% 6.4% 0.6 ppts 11.6%

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PANJIT Global Footprint at a Glance

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JP
US 1%
China 2%
Shandong
China
Germany
Munich Xuzhou SEA
China
China South Korea
6%
Wuxi / Suzhou Yongin 58%
U.S.A Korea
China 12.5B NTD
San Jose
Shenzhen/ Hong Kong Japan 9% 2024
Tokyo New U.S.A
Taiwan Revenue
India Phoenix
New Delhi New Taipei EMEA
Bangalore Taiwan
10%
Pune Hsinchu
Hyderabad New TW
Taiwan
14%
Taiwan
Headquarters
Kaohsiung PYNMAX
Kaohsiung
Philippines
New Cabuyao New
Singapore
Headquarters Regional R&D Sites Front-End Back-End
Headquarters
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Market Segment

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By Product
2024
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BJT 3% SiC 1%
ESD 4% 2024
Switching 6%
Zener 6%
MOSFET 30%
TVS 7%
Schottky 29%
Rectifier 14%
By Market Segment
Communication 3% 2024
Power Supply 13%
Automotive 30%
Computing 15%
Industrial &
Green Energy Consumer 21%
18%
Copyright© 2025 PANJIT International Inc. All rights reserved.
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Revenue by Product

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By Product By Product
2024 2023
BJT SiC BJT SiC
ESD ESD
3% 1% 3% 1%
4% 4%
Switching Switching
6% 5%
Zener
Zener
6%
MOSFET
6%
30% Schottky
34%
TVS
TVS
7%
7%
Rectifier
Rectifier 13%
14%
Schottky MOSFET
29% 27%
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Revenue by Market Segment

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By Market Segment
By Market Segment
2023
2024
Communication Communication
Power Supply 3% Power Supply 3%
11% Automotive
13%
23%
Automotive
30%
Computing
Computing
17%
15%
Consumer
22%
Industrial & Consumer Industrial &
Green Energy 21% Green Energy
18%
24%
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Innovation for the Future Technology

		2024	2025	2026	2027	2028
	LV MOSFET	SGT Gen.2 N/P-Ch 30/40V Low RSP	SGT Gen.3 N-Ch 40V Low FOM	SGT Gen.3 N-Ch 30/40V Line up
	MV MOSFET	SGT Gen.2 N-Ch 80/100V	SGT Gen.3 N-Ch 60/80/100V	SGT Gen.3 N-Ch 150/200V	SGT Gen.3 N-Ch 60V-200V Line up
	SJ MOSFET	Gen.2 FR 650V	Gen.2 FR 650V Line up	Gen.1 Easy 900V		Gen.3 EZ/FR 650V
	FS Trench IGBT	Gen.1 HS 1200V	Gen.1 MS 650/1200V	Gen.2 HS 650/1200V	Gen.2 Voltage Extension
		Gen.1.5	Gen.3	Gen.3		Gen.4
	SiC Diode	650V/1200V	650V/1200V	650V/1200V Line up		750V/1200V/1700V
			Gen.1	Gen.1	Gen.1	Gen.2
	SiC MOSFET		1200V	750V/1200V Line up	1700V	750V/1200V
	FRED		Gen.2 650V/1200V	Gen.3 650V/1200V
	Deep	Gen.1	Gen.2	Gen.3
ESD	Snapback High Surge	1-28V Low Cj Gen.1 Uni5-36V/19A	Gen.2 Uni3.3-48V/100A 24-36V Low Cj	Gen.2 Bi2.5-48V/19A 48V Low Cj	Gen.2 Bi2.5-72V/100A
	TVS		Gen.2 Bi200-1.5kW, TJ175℃	Gen.2 Bi3-5KW, TJ175℃
	Load Dump		H-Type		H-Type
	TVS		Bi6.6KW, TJ175℃		Bi8KW, TJ175℃

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Automotive
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Automotive Business 2024

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AEC-Q101 parts business trend
YoY
+36 %
2017 Y 2018 Y 2019 Y 2020 Y 2021 Y 2022 Y 2023 Y 2024 Y
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Product Offering
2K+ Parts
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Shipment
4.73B
Pcs. in 2024
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Worldwide
20+ Countries
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Serving over
300+
customers across
the globe
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YOUR COMPONENT OUR PROFESSION

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