Reported 8 months ago
System Electric (5309) was affected by the slowdown in the electric vehicle market this year, with Tire Pressure Monitoring System (TPMS) shipments falling short of expectations. However, the company secured industrial computer (IPC) orders through a partnership with a leading American engineering vehicle company, expecting increased shipments in the second half of the year. Additionally, the data center backup battery system (BBU) is set for mass production in the fourth quarter, boosting growth momentum for next year. Despite declining TPMS shipments in the first half of the year, new products such as IPC and BBU showed growth, supporting steady revenue performance. System Electric has been focusing on diversifying its product lines with IPC, BBU, smart glasses, and autonomous mobile robots, aiming to expand market presence. The company is optimistic about Bluetooth TPMS as a future trend, with potential new customers from European and American traditional car manufacturers expected to join production in the second half of next year. The U.S. Infrastructure Investment and Jobs Act (IIJA) involving transportation, energy, networks, water facilities, and increased demand for automation in engineering vehicles and geologic applications, further highlighting the growing significance of IPC in various sectors. The use of IPC in vehicle control systems, communication technologies, data collection, computation, and monitoring systems is becoming a trend, and System Electric is capitalizing on this opportunity to enhance revenue prospects with stable shipments and new IPC orders in the latter part of this year.
Source: YAHOO