Parade Techs Ltd Sp/Gdr

Welcome everyone to Parade Technologies Limited's 2025 Third Quarter Webcast Investor Conference. Investor Relations of Parade Technologies, Mr. Yeo Min Chang, will present 2025 Third Quarter Financial Results first. During the presentation, all lines will be placed on mute to prevent background noise. And after the presentation, there will be a question and answer session in English by CEO Dr. Jack Zhao, and Vice President of Finance, Mr. Guo Weiwu. And we also will remain last 15 minutes for the attendees who would like to ask questions in Chinese. Please follow the instructions given at the time if you would like to ask the question. 欢迎参加普瑞科技股份有限公司2025年第三季线上法人说明会。 今天的会议首先由投资人关系张又明先生报告普瑞公司2025年第三季财务数字。 在此报告阶段,您的电话都会处在静音状态。 报告结束后,我们会安排执行长赵杰博士 与财务副总经理吴国卫先生 以英文方式接受各位的提问。 另外,我们最后会保留15分钟 接受各位以中文方式的提问。 Now, I would like to introduce Mr. Yeo Min Chang, Investor Relations of Parade Technologies. Mr. Chang, please begin. Thanks, Jason.

Welcome everyone to Parade Technologies 2025 Q3 Webcast Investor Conference. Parade Technologies third quarter 2025 consolidated revenue was $146.14 million, and the net income was $27.4 million. It's both basic and fully dilute after-tax earnings per share were 35 cents US dollar and 35 cents US dollar respectively. This result compared to consolidated revenue, 136.25 million US dollar and the net income of 23.58 million US dollar. over $0.30 U.S. dollar and $0.30 U.S. dollar per basic and fully dilution in the year-over-year. In U.S. dollars, the third quarter revenue increased 9.47% sequentially and was up 7.26% year-over-year. The gross profit in the third quarter of 2025 was 62.11 million US dollar, an increase of 7.93% from the previous quarter and an increase of 7.91% compared to the same quarter of last year. On September 3rd, 2025, Parade introduced the availability of four new PCIe Gen 6 linear redrivers for server storage, and the high-performance AI scale-up data center covering solutions. With industry-leading linearity, the PCIe Gen6 family of redrivers provide profoundable EQ boost up to 18 dB while operating from a single supply. The PS8594, PS8598, and the PS8596 devices utilize parade-speed migration path methodology, matching the Intel PCIe 6 standard board map for easier high-speed routing and evaluation, and between PCIe retimers and parade linear re-drivers. Fully compatible with all previous PCIe specifications, the PS85-9X series is an excellent choice for motherboard, backplane, AIC, and cable applications. On September 17, 2025, Parade announced the availability of the PS8780 USB 4.0 V2 Gen 4 Thunderbolt 5 DP2.1 Auto Mode by Directional Linear Redriver for Active Cable and Notebook PC Workstation System Applications. It is pin compatible with PS8778 USB 4.0 Gen 3 Thunderbolt 4 DP2.1 Auto Mode by Directional Linear Redriver. The PS8780 supports USB 4.0 version 2 up to Gen 4x2 or 2x40 Gbps symmetric and 120 Gbps symmetric modes. Thunderbolt 5 2x41.25 Gbps and DP2.1 autumn mode USB are 2018 rates. It implements USB 4.0, USB 3.2, and DP2.1a power management, including DP2.1a advanced linear power management. Its low-power design and modern standby support greatly extend battery life for mobile devices and minimize power consumption for active cables. PS8780 comes in a very small package, ideal for cables or space-constrained designs. Based on the current business outlook, Parade is providing the following guidance for the fourth quarter of 2025. Revenue is between 123.5 to 136.5 million US dollars. Gross margin is between 42% to 46%. Operating expense is between 33 to 36 million US dollars. Dear friends of the investment world, good afternoon. Welcome to the third quarter of 2025, the online legal statement meeting. First, I will report to you the financial figures of the third quarter of 2025. The company's joint revenue in the third quarter of 2025 is $14,614,000. The final profit is $2,724,000. After the issuance, the basic and Western-style U.S. shares were 0.35 U.S. dollars, 10.45 U.S. dollars, 0.35 U.S. dollars, and 10.43 U.S. dollars. Last year, the net profit was 13,625,000 U.S. dollars, and the final profit was 23,580,000 U.S. dollars. After the issuance, the basic and Western-style U.S. shares were is US$0.30, which is about NT$9.57, which is about US$0.30, which is about NT$9.47. In 2025, the third quarter's joint revenue increased by 9.47% compared to the previous quarter, and increased by 7.26% compared to the same period last year. In terms of operating profit, the third quarter's operating profit is US$6,211,000, It increased by 7.93% compared to last season, and increased by 7.19% compared to the same period last year. On September 3, 2025, Puppey announced the launch of four new PCIe Gen 6 linear intermediaries, dedicated service devices, storage, and high-efficiency AI expansion data center line-up solutions. With the leading linearity of the industry, This series of PCIe Gen 6 mid-range devices provides up to 18dB of programmable uniformity, and only requires single power supply to operate. Among them, PS8594, PS8598, and PS8596 adopt a general speed transfer path program, and are matched with Intel PCIe 6 standard angle configuration, making high-speed wireless design easier. It can be used to compare and evaluate the PCIe recharging device and the common linear mid-range device. The PS859M series is completely compatible with all the previous versions of the PCIe specifications. It is suitable for mainboard, backboard, AIC, and high-speed transmission cables. On September 17, 2025, The company announced that the PS8780USB4 Ver.2 Gen.4 Thunderbolt 5 DP2.1 Ultramold dual-channel cable will be officially released. This product and the PS8780USB4 Gen.3 Thunderbolt 4 DP2.1 Ultramode dual-channel mid-range device uses the same design. PS8780 supports USB4 version 2 up to Gen4x2 or 2x40 Gbps asymmetric mode and 120 Gbps asymmetric mode. At the same time, it also integrates 3.5 2x 41.2 25 Gbps and DP 2.1 Ultramode USB-R20 connection speed. The product built-in USB 4, USB 3.2 and DP 2.1a power management functions, including DP 2.1a advanced connection power management technology, Its low-emission design and new standby support function not only can greatly extend the battery life of the operating device, but can also effectively reduce the power consumption of the active line. In addition, the PS8780 uses a super-small-sized sealant, which is very suitable for the design area where line or space are limited. Due to the current look at the business in the fourth quarter of 2025, 我们预期合并营收为美金123.5到136.5百万元 合并毛利率为42%到46%之间 合并营业费用为美金33到36百万元 It is my presentation for the 2025 Q3 financial results Now, I transfer to CEO, Dr. Jason, to answer your questions. Jason, you may begin.

Yes, thank you, Yeoming. And ladies and gentlemen, we will now begin the English question and answer session. If you wish to ask the question, please press star key and number one on your telephone keypad, and you will enter the queue. And after you are announced, please ask your question. Should you wish to cancel your question, you may press start key and number two. Thank you. Now please press start one on your keypad if you would like to ask the question. Thank you. First one will have L1 HSBC for questions. Go ahead, please.