Business Update Sale of Control Devices February 2, 2026 stoneridge.com © 2026 Non-GAAP Financial Measures This presentation contains information about the Company's financial results that is not presented in accordance with accounting principles generally accepted in the United States ("GAAP"). The Company provides Non- GAAP financial measure reconciliations to their closest GAAP financial measure, when all information is reasonably available to the Company at the date of the disclosure and management can ...

Core Viewpoint - Stoneridge, Inc. has completed the sale of its Control Devices segment to Center Rock Capital Partners for a base purchase price of $59 million, aiming to strengthen its balance sheet and focus on core growth platforms in Electronics and Brazil [1][2][3]. Financial Impact - The net cash proceeds from the sale will be used to repay debt and enhance the company's financial position [2]. - The transaction is expected to allow Stoneridge to amend its existing credit facility, facilitating a more appropriate capital structure post-transaction [4]. Strategic Focus - The sale is part of Stoneridge's long-term strategy to concentrate on technology solutions for global commercial vehicles and off-highway markets, specifically in Vision and Safety, Connectivity, and Vehicle Intelligence and Electronic Controls [3][4]. - The company anticipates continued growth in its Vision and Safety systems, including products like MirrorEye®, and plans to introduce new technologies to enhance vehicle safety and efficiency [4]. Growth Opportunities - Stoneridge is experiencing record business wins in its core growth platforms, particularly in Electronics and Stoneridge Brazil, which is becoming a critical engineering center for the company [3][4]. - The company aims to leverage its global relationships and technology to drive growth that outpaces its end markets, thereby creating shareholder value [4]. Future Plans - Stoneridge will host a conference call to discuss its fourth quarter and full-year 2025 results, providing further insights into its strategic direction and financial performance [5][6].

Investment Rating - The report maintains a "Recommended" rating for the company [2] Core Insights - The company is expected to achieve a net profit attributable to shareholders of between 0.75 billion to 1.1 billion yuan in 2025, marking a turnaround from losses in previous years [8] - The fourth quarter of 2025 showed better-than-expected performance, with a net profit of 1.50 to 1.85 billion yuan, reflecting a year-on-year increase of 2.90 to 3.25 billion yuan [8] - The company's revenue is projected to grow significantly, with estimates of 7.32 billion yuan in 2025, 9.04 billion yuan in 2026, and 10.75 billion yuan in 2027, representing growth rates of 32.2%, 23.5%, and 18.9% respectively [2][9] Financial Forecasts - Revenue for 2024 is estimated at 5.54 billion yuan, with a growth rate of 18.5% [2] - The net profit attributable to shareholders is forecasted to be 94 million yuan in 2025, 416 million yuan in 2026, and 651 million yuan in 2027, with growth rates of 117.1%, 341.7%, and 56.6% respectively [2][9] - Earnings per share (EPS) are projected to be 0.78 yuan in 2025, 3.47 yuan in 2026, and 5.43 yuan in 2027 [2][9] Business Strategy and Market Position - The company is actively involved in the commercial aerospace sector, providing comprehensive technical systems and solutions throughout the lifecycle of commercial aerospace projects [8] - The company has established partnerships in satellite payload development and is contributing to the domestic C919 aircraft's avionics system integration, breaking foreign monopolies in this field [8] - The company is positioned to benefit from advancements in high-level intelligent driving technologies, with a focus on domain controllers, perception, and safety compliance [8]

Group 1 - The company, 瑞立科密 (001285.SZ), stated that its AEBS and ADAS products utilize millimeter-wave radar and laser radar sourced from external suppliers [1]

Core Viewpoint - MKDWELL Tech Inc. has announced a thirty-to-one share combination for its ordinary shares and Class A Preferred Shares, effective January 26, 2026, as part of a strategic plan to regain compliance with Nasdaq's listing requirements and strengthen its long-term capital structure [1][5]. Share Combination Details - The share combination will reduce the number of issued ordinary shares from 141,039,933 to approximately 4,701,332, and the number of ordinary shares outstanding will decrease from 106,459,933 to approximately 3,548,665 [3]. - The ordinary shares will continue to trade on The Nasdaq Capital Market under the symbol "MKDW" on a split-adjusted basis starting January 26, 2026, with a new CUSIP number G6209W124 [2][3]. Adjustments Related to the Share Combination - Proportionate adjustments will be made to the number of ordinary shares issuable upon exercise of outstanding warrants, the conversion price of convertible promissory notes, and the number of ordinary shares issuable upon conversion of rights, all based on the thirty-to-one ratio [4]. Company Overview - MKDWELL Tech Inc. is an automotive electronics manufacturer, providing products such as intelligent camper van control systems, LiDAR sensors, and vehicle seat control systems, with operations based in Taiwan and China [6].

Core Viewpoint - Visteon Corporation has been downgraded by Wolfe Research from "Outperform" to "Peer Perform," yet maintains a generally positive outlook from analysts with a potential upside in stock price [1][5]. Group 1: Company Overview - Visteon Corporation is a global automotive electronics supplier, focusing on advanced cockpit electronics and connected car solutions [1]. - The company competes with automotive technology firms such as Continental AG and Delphi Technologies [1]. Group 2: Analyst Ratings and Price Targets - Despite the downgrade, Visteon has an average recommendation of "Moderate Buy" from sixteen analysts, which includes five hold ratings, ten buy recommendations, and one strong buy [2]. - The average 12-month price target for Visteon is $133.07, indicating potential upside from the current stock price of $101.89 [2][5]. - Analysts from Robert W. Baird and The Goldman Sachs Group have set higher price targets of $141.00 and $150.00, respectively [2]. Group 3: Stock Performance - The current stock price of Visteon is $101.89, reflecting a decrease of 2.19% or $2.28 [3]. - The stock has traded between $101.68 and $105.47 on the day, with a yearly high of $129.10 and a low of $65.10 [3]. - Visteon's market capitalization is approximately $2.78 billion, with a trading volume of 465,611 shares on the NASDAQ [3]. Group 4: Analyst Sentiment - Wells Fargo has slightly reduced its price target for Visteon from $151.00 to $148.00, indicating a cautious stance [4]. - Overall analyst sentiment remains positive, with a majority recommending a buy, suggesting confidence in Visteon's long-term growth prospects despite the recent downgrade [4][5].

Core Insights - DDPAI made its North American debut at CES 2026, emphasizing its commitment to enhancing car lifestyle through intelligent dashcam technology [1][2] - The company aims to redefine dashcams as intelligent companions that improve safety and convenience, moving beyond traditional recording tools [1][14] Product Showcase - The centerpiece of DDPAI's showcase was the 360° Eye dashcam concept, which offers an immersive panoramic view to eliminate blind spots and enhance recording capabilities [4][5] - DDPAI introduced the AI SmartSearch feature, allowing users to quickly locate specific events in footage, showcasing the integration of AI for improved usability [7] - The flagship product, Z90 Master, received positive recognition from major technology media outlets for its imaging quality and user experience, reinforcing DDPAI's competitive position in the high-end dashcam market [9][11] Product Lineup - In addition to Z90 Master, DDPAI presented Z60 Pro and N5 Pro, creating a diverse product lineup that caters to various premium user needs while ensuring consistent quality [13] - The overall message from DDPAI's CES presence is that dashcams are evolving to enrich user experiences related to safety and interaction with vehicles [14] Company Background - Founded in 2013, DDPAI is a leader in smart dashcam innovation, with products available in over 120 countries and trusted by more than 10 million users globally [16]

Core Insights - Hyundai Mobis and Qualcomm Technologies Inc. have signed a comprehensive agreement to co-develop next-generation solutions for Software-Defined Vehicles (SDV) and Advanced Driver Assistance Systems (ADAS) at CES 2026 [1][6] Group 1: Collaboration Details - The MOU signing was attended by key executives from both companies, indicating a high-level commitment to the partnership [2] - The collaboration aims to develop integrated solutions tailored for emerging markets, leveraging Hyundai Mobis's expertise in system integration and sensor fusion alongside Qualcomm's leadership in system-on-chip (SoC) technology [3] Group 2: Focus Areas - The initial focus will be on co-developing advanced driving and parking solutions based on Qualcomm's Snapdragon Ride Flex SoC, targeting fast-growing markets like India where ADAS adoption is increasing [4] - Future SDV applications will involve creating integrated solutions that combine Hyundai Mobis's standardized software platform with Qualcomm's Snapdragon automotive technologies to enhance performance, efficiency, and stability [4] Group 3: Strategic Initiatives - Hyundai Mobis hosted a private exhibition booth at CES 2026 to showcase its strategy of expanding into new business areas, including robotics, SDV solutions, and semiconductors, with over 200 representatives from major customers visiting for discussions [5]

Core Insights - Visteon Corporation (VC) showcased its most extensive CES portfolio, featuring production-ready intelligent cockpit electronics, AI computing platforms, advanced displays, connectivity, and electrification technologies aimed at enabling software-defined mobility [2] Group 1 - The company emphasized its commitment to innovation in intelligent cockpit solutions [2] - Visteon's technologies are designed to enhance the user experience in vehicles through advanced connectivity and AI [2] - The focus on electrification technologies aligns with the industry's shift towards sustainable mobility solutions [2]

Core Viewpoint - MKDWELL Tech Inc. has announced a stock repurchase agreement to buy back 34,580,000 ordinary shares at a price of US$0.203 per share, totaling approximately US$7 million, to enhance shareholder value and reflect confidence in the company's growth potential [1][2]. Group 1: Stock Repurchase Details - The stock repurchase involves buying back 34,580,000 ordinary shares at US$0.203 per share, amounting to about US$7 million [1]. - The purchase price reflects the average closing price over the twelve trading days prior to December 16, 2025, excluding the highest and lowest prices [1]. - The closing of the share repurchase is expected within five business days from December 21, 2025, subject to standard closing conditions [1]. Group 2: Company Strategy and Market Position - The Chairman and CEO of MKDWELL Tech Inc. stated that the current share price undervalues the company's business model and long-term growth potential [2]. - The company aims to protect shareholder value through this repurchase while focusing on leveraging AIoT technology to enhance consumer lives [2]. - Despite challenges from macroeconomic volatility and new US tariffs, the company remains committed to its strategic direction [2]. Group 3: Company Background - MKDWELL Tech Inc. was founded in 2006 and is headquartered in Hsinchu Science Park, Taiwan, with a factory in Jiaxing, Zhejiang Province, China [3]. - The company specializes in automotive electronics and smart home products utilizing AIoT technology [3].