Visteon Q4 & Full-Year 2025 Earnings February 19, 2026 Cost Leadership and Capital Allocation Full-Year 2025 in Review Strong performance despite various industry challenges $3,768 Million Net Sales $492 Million Adjusted EBITDA $292 Million Adjusted FCF +2% Growth-over-Market* 13.1% Margin $472 Million Net Cash DELIVERED ON CAPITAL ALLOCATION PRIORITIES STRONG MARGIN EXPANSION AND CASH GENERATION Record adjusted EBITDA and margin RECORD LEVEL OF NEW BUSINESS WINS $7.4 billion of new business wins Global GoM ...

17.68$ 2.88$ 20.56December 31, 2025September 30, 2025June 30, 2025March 31, 2025(In millions)BeforeChange inAccountingMethodAfterChange inAccountingMethodBeforeChange inAccountingMethodAfterChange inAccountingMethodBeforeChange inAccountingMethodAfterChange inAccountingMethodBeforeChange inAccountingMethodAfterChange inAccountingMethodCondensed Consolidated Statement of Operations:Income (loss) beforeincome taxes$ 65$ 65$ 81$ 81$ 97$ 97$ 95$ 95Benefit from (provision for) incometaxes(20)13(22)(90)(28)(22)(2 ...

2月13日下午，扬州市科技创新大会召开，旨在以科技创新引领发展新质生产力，扎实推动科技创新和 产业创新深度融合，为产业科创名城建设注入澎湃动力。 聚焦"613"产业推出更多"解渴""管用"的真金白银支持 会上，郑海涛市长表示，全市上下必须始终锚定产业科创名城建设主航道，紧扣"613"产业体系建设和 未来产业布局，聚焦今年研发投入增长10%以上、有效高企数达3600家等科技创新核心目标，精准补短 板、强弱项，推动创新工作提质增效。要构建"科技型中小企业—高企—专精特新—独角兽—领军企 业"全周期培育体系，持续提升企业创新能力，加速壮大创新企业队伍。要健全"企业出题、政府立题、 科研解题、市场判题"协同攻关机制，深化"揭榜挂帅"助企行动，探索高校院所"先用后付"成果转化模 式，加速科技成果落地转化。要全域开放应用场景，促成技术与需求精准匹配，推动前沿技术场景化应 用，让场景成为科技成果转化的"孵化器"。要一体推进教育科技人才发展，强化科研机构、创新平台、 企业、科技计划人才集聚培养功能，围绕企业需求优化人才政策，大力引进和培养科技领军人才、高技 能人才等各类人才。要持续推动财政科技投入稳定增长，建好用好天使类基金 ...

Group 1 - The company received a second inquiry letter from the Shanghai Stock Exchange regarding its asset acquisition, indicating that the target company is expected to remain in a loss state for the next 2-3 years, which may lead to a decline in the company's performance [1][3] - The acquisition price of 354.7 million yuan is considered high compared to the target company's net asset value of -19.57 million yuan as of September 30, 2025, raising concerns about goodwill impairment and the ability to meet performance commitments [1][3] - The company plans to acquire a 54.8666% stake in Suzhou Haomibow Technology Co., Ltd., which is expected to enhance its industrial upgrade strategy and improve its core product line [3][4] Group 2 - The target company has strong technological capabilities, being one of the few in the market capable of single-chip 4D imaging, which is expected to provide a competitive edge in the intelligent driving sector [4] - The company has conducted thorough due diligence, hiring professional firms for legal, auditing, and evaluation services to ensure a prudent decision-making process [5][9] - The expected return on investment from the acquisition is estimated to be approximately 7.9 years, with projected annual net profit of 54 million yuan, which is 23.15% of the investment amount [4][5] Group 3 - The revenue forecast for the target company is based on existing projects and potential future projects, with an expected compound annual growth rate of over 40% from 2026 to 2030 [11][20] - The company anticipates that the market for automotive 4D millimeter-wave radar will grow significantly, with the market size expected to reach 10.7 billion yuan by 2029, indicating substantial growth potential [25] - The revenue growth forecast is aligned with the company's production capacity planning, ensuring that projected revenue increases are supported by actual production capabilities [27][28]

Core Viewpoint - The strategic cooperation agreement between Jingwei Hirain and ZTE Microelectronics aims to develop integrated software and hardware solutions for smart vehicles, focusing on intelligent connectivity, autonomous driving, and smart cockpit technologies [2][5]. Group 1: Strategic Cooperation Details - The agreement was signed on February 2, with both companies collaborating on core solutions for smart vehicles [2][5]. - The partnership will leverage Jingwei Hirain's experience in automotive electronic systems and ZTE Microelectronics' expertise in automotive-grade "connectivity + computing" SoC chips [2][5]. - Key areas of collaboration include the development of domestic solutions for smart cockpit, autonomous driving, central computing platforms, and T-Box applications, as well as exploring AI large models for cockpit interaction and driving decision-making [2][5]. Group 2: Technological Integration and Future Plans - The companies plan to promote full-stack technological collaboration from underlying chips, operating systems, middleware to upper-layer applications, aiming to build an open technological ecosystem [2][5]. - Future efforts will focus on integrating resources in algorithm software, automotive-grade chips, domain controllers, and system integration to provide mass-producible smart vehicle solutions for domestic and international automakers [3][6]. - This cooperation supports the technological independence and ecosystem development of China's intelligent connected vehicle industry [3][6].

Core Viewpoint - Stoneridge, Inc. announces the resignation of Chief Financial Officer Matt Horvath, effective March 31, 2026, to pursue opportunities in a different industry sector, while ensuring a smooth transition until a permanent replacement is appointed [1][2][3] Leadership Transition - The executive team and Board of Directors have initiated a search for a new Chief Financial Officer, with Robert Hartman, the Chief Accounting Officer, stepping in to work closely with Horvath during the transition period [2] - Matt Horvath has been with Stoneridge for nine years, contributing significantly to the company's transformation, strategic direction, and financial foundation [3] Contributions and Achievements - During his tenure, Horvath advanced the company's portfolio strategy, managed strategic partnerships, and led critical divestitures, including the recent sale of the Control Devices segment [3] - The finance organization, under Horvath's leadership, is noted for its operational excellence and expertise, which will continue under Robert Hartman's guidance [3] Company Overview - Stoneridge, Inc. is a global supplier of electronic systems and technologies, focusing on vehicle intelligence and safety for both on- and off-highway transportation sectors [4]

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]