PANJIT — Interim / Quarterly Report 2025

Jun 12, 2025

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PANJIT International Inc

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May. 2025

• About PANJIT

• ◼ 2025 Q1 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

2025 Q1 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	2025 Q1 3,071.7 931.5 30.3% 176.0 275.8 246.5 700.7 230.8 7.5% 153.8 72.1 312.5 10.2% 0.72	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	QoQ 2.0% -0.7% -0.8 ppts -15.5% 2.0% -8.3% -6.8% 24.0% 1.3 ppts 62.8% 32.8% 38.1% 2.7 ppts 33.3%	2024 Q1 2,909.1 776.2 26.7% 163.8 231.3 237.3 635.6 140.6 4.8% 134.2 48.5 226.3 7.8% 0.47	YoY
					5.6% 20.0% 3.6 ppts 7.4% 19.2% 3.9% 10.2% 64.2% 2.7 ppts 14.6% 48.7% 38.1% 2.4 ppts 53.2%

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Income Statement Key Indices

Revenue (Unit: M’ NTD)

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3,071.7
3,011.5
2,909.1
3,000
2,000
1Q24 4Q24 1Q25
Revenue
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Gross Margin

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40%
31.1% 30.3%
26.7%
30%
20%
10%
0%
1Q24 4Q24 1Q25
Gross Margin
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Operating Profit Margin

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10%
7.5%
6.2%
4.8%
5%
0%
1Q24 4Q24 1Q25
Operating Profit Margin
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Net Profit Margin
12% 10.2%
7.8% 7.5%
7%
2%
1Q24 4Q24 1Q25
-3%
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	2025Q1 Amount % 2,298 7.8% 4,358 14.7% 2,713 9.2% 2,088 7.0% 7,215 24.4% 29,621 100.0% 8,293 28.0% 5,894 19.9% 14,188 47.9% 15,434 52.1% 115 114 (183)	2024Q4 Amount % 2,361 8.2% 3,940 13.7% 2,739 9.5% 2,198 7.6% 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	2024Q1
			Amount % 2,722 9.4% 4,406 15.2% 2,949 10.2% 2,101 7.2% 7,677 26.5% 29,006 100.0% 7,956 27.4% 6,563 22.6% 14,519 50.1% 14,487 49.9% 129 125 (27)

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Balance Sheet Key Indices

Cash from operating activities

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(Unit: M’ NTD)
1,500
846
500
(27) (183)
1Q24 4Q24 1Q25
(500)
Cash from operating activities
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A/R Turnover Days

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150
140
129
130 122
115
120
110
100
1Q24 4Q24 1Q25
A/R Turnover Days
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Inventories by Total Assets

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15%
10.2%
9.5%
9.2%
10%
5%
1Q24 4Q24 1Q25
Inventories by Total Assets
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Inventory Turnover Days

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130
125
117
120
114
110
100
1Q24 4Q24 1Q25
Inventory Turnover Days
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PANJIT Global Footprint at a Glance

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JP
US 1%
China
3%
Shandong
China
Germany
Xuzhou China
Munich
SEA
China South Korea
55%
Wuxi / Suzhou Yongin 7%
U.S.A
China 3.1B NTD
San Jose Korea
Shenzhen/ Hong Kong Japan 1Q 25
Tokyo New U.S.A 9%
Taiwan Revenue
India Phoenix
New Delhi New Taipei
EMEA
Bangalore Taiwan
Pune Hsinchu 9%
Hyderabad New TW
Taiwan
Taiwan 16%
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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BJT 3% SiC 1% By Product
1Q 2025
EDS 5%
Switching 6%
Zener 6%
MOSFET
32%
TVS 9%
Rectifier 13%
Schottky 25%
By Market Segment
Communication 3% 1Q 2025
Power Supply 13%
Automotive 32%
Computing 15%
Industrial &
Green Energy Consumer 21%
16%
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Application Field
Automotive Industrial &
Lighting, Infotainment, Green Energy
Pump, Body & Comfort, PV Inverter, Server fan,
On Board Charger
EV charger, Motor, DC fan,
Robot, Medical
Computing Power Supply
Notebook, Motherboard, PD Charger, Power
SSD, Server, Data center adapter, UPS
DC-DC Brick module,
ATX/Server Power
Consumer Communication
TV, White/Black goods, POE, Mobile, Base station
Game console, Printer,
Smart watch, PC camera
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Revenue by Product

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By Product By Product
1Q 2025 1Q 2024
BJT SiC BJT SiC
ESD ESD
3% 1% 3% 1%
5% 5%
Switching
Switching
5%
6%
Zener
Zener
6%
MOSFET Schottky
6%
32% 32%
TVS
6%
TVS
9%
Rectifier
14%
Rectifier Schottky MOSFET
13% 25% 28%
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Revenue by Market Segment

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By Market Segment
By Market Segment
1Q 2024
1Q 2025
Communication Communication
Power Supply
Power Supply 3% 2%
12%
13%
Automotive
27%
Automotive
32%
Computing
15%
Computing
15%
Consumer
Industrial &
Industrial & 21%
Green Energy Consumer
Green Energy
16% 21%
23%
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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 40V Line up
	MV MOSFET	SGT Gen.2 N-Ch 80/100V	SGT Gen.3 N-Ch 100/80/60V	SGT Gen.3 N-Ch 150V	SGT Gen.3 N-Ch 60V-150V 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 Bi200W-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 Y2025 Q1

AEC-Q101 parts business trend

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1Q 25
YoY
+26 %
2017 Y 2018 Y 2019 Y 2020 Y 2021 Y 2022 Y 2023 Y 2024 Y 2025 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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