Parade Techs Ltd Sp/Gdr

Welcome, everyone, to Parade Technologies Limited's 2025 Fourth Quarter Webcast Investor Conference. Investor Relations of Parade Technologies, Mr. Yeo Min Chang, will present 2025 Fourth Quarter and Fiscal Year 2025 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 a question. 欢迎参加普瑞科技股份有限公司2025年第四季线上法人说明会。 今天的会议首先由投资人关系张有明先生 报告普瑞公司2025年第四季及2025年全年度财务数字 在此报告阶段,您的电话都会处在静音状态。 当报告结束后,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。 And now, I would like to introduce Mr. Youming Chen, Investor Relations of Berit Technologies. Mr. Chen, please begin. 现在有请投资人关系张又明先生。 又明,请说。

Thanks, Jason. Welcome, everyone, to Parade Technologies' 2025 Q4 Waycast Investor Conference. Parade Technologies' fourth quarter 2025 consolidated revenue was $125.22 million, and net income was $17.53 million. Its both base and fully diluted after-tax earnings per share were $0.22 U.S. dollar and $0.22 U.S. dollar respectively. These results compared to consolidated revenue $127.41 million U.S. dollar and net income of $21.30 million U.S. dollar or $0.27 U.S. dollar and $0.27 U.S. dollar. U.S. dollar was fantastic and fully diluted in the year-over-quarter. In U.S. dollars, the fourth quarter revenue decreased 14.32% sequentially and was down 1.72% year-over-year. The gross profit in the fourth quarter of 2025 was 32.63 million U.S. dollars. a decrease of 15.27% from the previous quarter, and a decrease of 2.11% compared to the same quarter of last year. For the fiscal year 2025, the consolidated revenue was $531.09 million, representing an increase of 5% from $505.81 million in the prior year. Gross profit was $226.01 million, and operating income was $87.2 million. Net income was $87.75 million over $1.11 million per basic share and $1.10 per fully diluted share. These results compare with net income of $80.68 million or $1.01 per basic share and $1.01 per fully diluted share in the prior year. On November 11, 2025, Parade introduced the TC-1316V the world's first fully integrated AEC-Q100 qualified embedded DisplayPort Touch with T-Con Embedded Driver. This new device targets next-generation automotive captive LCD displays requiring higher resolution and higher refresh rates. The TC1316B Compile Square Rates Broad Portfolio of patented touchscreen technology and market-proven EDP-TCAN in-cell and high-speed signal technology to provide excellent picture quality and responsive touch performance. The TC1316B's leverage pervades two-touch patented technology and design expertise. built on the experience of shipping over 1 billion touch devices and the proven in-sale performance from the consumer notebook market. The device delivers superior EMI suppression, low power consumption, and advanced signal processing algorithms to ensure reliable and responsive touch for the automotive shopping. Based on the current business outlook, Parade is providing the following guidance for the first quarter of 2026. Revenue is between 119.75 to 132.25 million U.S. dollars. Gross margin is between 40% to 44%. Operating expense is between 33 to 36 million U.S. dollars. Dear friends of the investment world, good evening. Welcome to the Pulei Company's online legal briefing for the fourth quarter of 2025. First, I will report to you the financial figures of the Pulei Company in the fourth quarter of 2025. The company's annual revenue in the fourth quarter of 2025 is $12,522,000, and the final net profit is $1,753,000. After issuance, the basic and interest rate of the U.S. stock market fell to US$0.22, which is about NT$6.97, and US$0.22, which is about NT$6.94. Last year, the net profit was US$12,741,000, and the final profit was US$2,130,000. After issuance, the basic and interest rate of the U.S. stock market fell to US$0.27, which is NT$8.69, and US$0.27, which is NT$8.66. In 2025, the joint revenue of the fourth quarter decreased by 14.32% compared to the previous quarter, and decreased by 1.72% compared to the same period last year. In terms of operating profit, the company's operating profit for the fourth quarter is US$5,263,000, which decreased by 15.27% compared to the previous quarter. Last year, the same period, it decreased by 2.11%. In the same year, the same year, the same year, the same year, the same year, last year's net profit was US$8,775,000. After the shutdown, US$1.11 was the last net profit of the U.S. stock market. It was about NT$34.51, or US$1.10, or about NT$34.31. Compared to last year, last year's net profit was US$8,068,000. After the shutdown, US$1.01 was the last net profit of the U.S. stock market. New Taiwan dollars 32.55 yuan, US dollars 1.01 yuan, New Taiwan dollars 32.39 yuan. On January 11, 2025, Huawei released the TCE316V, the world's first product, through the AECQ-100 certification, EDP, interface touch and continuous controller integrated driver, fully integrated chip TTED. This new chip requires high resolution and high refresh rate. It is designed by a 70-generation car廠 LCD display. It integrates a wide range of touch screen patent technology and the EDP10 controller that has been verified by the market. The built-in display and high-speed signal technology can provide excellent image quality and sensitive touch performance. TCE316V uses a universal TrueTouch professional technology, and design expertise. These technologies and experience originate from more than 11 touch devices' delivery times, as well as the in-sale performance verified in consumable laptop computers. The chip has excellent electromagnetic interference processing capabilities, low-concentration characteristics, and advanced signal processing algorithms to ensure the stability and visibility of touch operation in the car seat. This is my presentation for the 2025 Q4. and the year 2025 financial results. Now, I transfer to CEO Dr. Jue Zhao to answer your questions. Jason, you may begin.

Yes, thank you, Yeo-Ming. 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. After you are announced, please ask your question. and every time you can ask two questions at the most. Should you wish to cancel your question, you may press star key and number two. Thank you. Now, first we'll have Mike Yan of Bank of America. Go ahead, please, Mike.