Fuzetec Technology (6642 股票代號) 2025Q4 法說會簡報

Company Overview

Company Profile and Location

• Company Name: Fuzetec Technology (富致科技)
• Stock Symbol: 6642
• New Headquarter Location: No.111, Wu-Gong 1 Road, Wu-Gu Dist., New Taipei City, TAIWAN

Global Presence

• Global Presence in more than 40 countries
• Fuzetec Global Network:
  • 台灣總公司 (Taiwan HQ)
  • Fuzetec Soochow
  • Fuzetec Dongguan

Company Milestone (1999–2026)

• 1999-2001: Fuzetec Established; Mass Production Started; Acquired ISO 9001:2000.
• 2004-2006: QS 9000 & ISO 14000, RoHS & Lead Free; Automotive ISO/TS 16949.
• 2010: Production Capacity reach 200 M pcs.
• 2013-2016: Big Growth in Automotive & Energy Market; Custom Design Part for First Tier Automotive Supplier.
• 2017~19: Company IPO & Automotive IATF 16949; Production Capacity reach 500 M pcs.
• 2021: Issued New Common Shares; Fuzetec China Soochow Office; Global Network Expansion.
• 2022: New HQ start building, ECD in 2025; National Award of Outstanding SMEs; ISO 14064.
• 2023: Introduced MOV/TVS & Hybrid Products; New Taipei Enterprise Classic Awards.
• 2024: ESG/SDGS; Talent development; Introduce power semiconductor; Total Circuit Protection Solution Provider.
• 2025: New HQ construction completion; Golden Merchant Awards.
• 2026: New HQ building start Operating (Capacity Doubled); Target on AI, Automotive, Automation/Robot.

Financial Highlights

Sales Performance (2025 Q3 Data)

• Sales Revenue (Estimated 2025): NTD 540 M (USD 17.3 M)
• Operating Performance (Data implied by slide)

Sales Region Breakdown (2025 Q3)

• China-foreign joint ventures
• Foreign-funded
• China-funded
• Taiwan
• Americas
• EU
• Asia
• 其他 (Other) (12%)

Product Application Breakdown (2025 Q3)

• AI/Smart Application
• Automotive
• Industrial Control
• Energy
• Others

Products & Technologies

Fuzetec Product Line-ups

• Over Current Protection (OCP)
• Over Voltage Protection (OVP)
• Hybrid OCP+OVP
• Power Semi-conductor

PPTC Resettable Fuse (Overcurrent Protection)

• Product Types: Battery Strap, SMD & Low Rho SMD, DIP Type, Chip/Ring & Custom.
• Key Features: Patented High Temp/ High Voltage Formula.
• Applications: Automotive, Industrial, Telecom, Network Applications, IoT/ Smart Application, Wearable Devices, Li-ion Battery Cell BMS/PCM, DC Motor Protections.
• How It Works (PPTC Operating Curve): Uses Crystalline Polymer and Carbon Black Conductive Chain. Resistance increases dramatically when temperature rises during fault condition (Tripped State).

MOV (Metal Oxide Varistor) Product Lineup (Overvoltage Protection)

• Purpose: Protect sensitive circuits against external transients (lightning) and internal transients (inductive load switching, relay switching and capacitor discharges).
• Product Series:
  • Standard D Series
  • Medium Surge V Series
  • High Energy P Series

TVS Diode (Transient Voltage Suppression Diode) Product Lineup

• Purpose: Protect sensitive electronics from high-voltage transients; responds faster than most other circuit protection devices.
• Product Types:
  • SMD Standard TVS (Package: SMA/SMB/SMC; Power Range: 400~5,000W)
  • Automotive Protection SMD TVS (AEC-Q101 Qualified; Package: DO-218; Power Range: 3,600~6,600W)
  • Axial Leaded High Power TVS (Package: R6-P600/ Custom; Power Range: 15,000~30,000W)

Hybrid Circuit Protection

• Concept: Combining Ceramic (MOV) or Semiconductor (TVS Diode) overvoltage protection devices and PPTC base plates with Fuzetec’s innovative new patents.
• Benefit: Comprehensive circuit protection solution with higher surge immunity and lower the risk of catastrophic thermal runaway.

Power Semiconductors

• MOSFET: PPTC can effectively solve the reverse current problem in MOSFET applications. Capability of use with smaller heat sinks significantly reduces cost, weight, and size.
• Development Focus: Actively developing PPTC-integrated MOSFET hybrid products.

Clients & Markets

Key Target Markets

• Automotive
• Industrial Control/Industry 4.0
• IoT/Smart Application
• Energy

Automotive Market Focus

• Experience: More than a decade of experience, ISO/TS 16949 certified, AEC-Q200 qualified products.
• Applications: Door Lock/Power Mirror & Window/Electric Tailgate, Sensors & Actuators, ADAS/Infotainment System/Virtual Dashboard/Electronic Throttle, Power Seats/Lumbar Support, HVAC System, LED Module, BMS/48V System/Power Outlet, TCU/Connected Vehicle.
• Example Client: Hyundai NEXO Hydrogen Fuel Cell EV.

AI/Smart Application Market Focus

• Circuit Protection Devices and Power Semiconductor assure stability and long-term reliability in AI systems.
• Applications:
  • Auto-Pilot system: Protect Sensors and Telecom equipment Modules against Surge and Spike.
  • Data Center & Server: Prevent ESD events and Telecom equipment being damaged from Surge and Spike.
  • Optimal Energy Management: Ensure AI and Server equipment's achieve Optimal Energy utilization during power switching.
  • AI Equipment: Protect costly ICs against Overcurrent.

Industrial/Industry 4.0 Market Focus

• PPTC is the ideal circuit protection solution for machine control interface & power management under the trend of smart manufacturing.
• Requirements: High Stability and Low Power Consumption, High Voltage Industrial AC Voltage Application, Circuit Protection for Power Management/Sensors/Transmission Interface.

Energy Market Focus

• Applications: Smart Grid, EVSE, Battery Protection, Solar Energy.
• Fuzetec PPTC devices provide ideal protection for EV BMS and BESS on/off grid DC/AC conversion.

Outlook & Strategy

Core Competence and IP

• Technology: Exclusive patent & advanced PPTC formula provide competitive advantage on Specs & reliability.
• Quality: IATF 16949 certified; compatible with automotive AEC-Q200 and other telecom and industry safety standards.
• R&D/Design: High custom design capability; prompt prototypes; special design products to meet customer requirement.
• Product Leadership: Industry leading High Temp/High Voltage product lines and comprehensive over current/over voltage solutions.
• Patent Portfolio: New Invention Patents: 98%，Formulation Patents: 37%.
• Operational Control: Automated Production Control, Statistical Process Control, Real Time Monitoring Production Platform. (20% of employees dedicated to R&D/Engineering implied).

Market Position and Strategic Initiatives

• PPTC Market Share: Global PPTC market valued at approximately 700 million USD. Fuzetec has a 5% market share, ranking 4th in the industry.
• Strategic Initiatives:
  • Digitize through big data analysis and synchronize with ERP system.
  • Cross-industry collaboration, integrating OVP and OCP products.
  • Developing new products based on future market demands.
  • Innovating and integrating product applications.
  • Professional and comprehensive circuit protection solutions provider.

Future Market Growth Outlook

• Automotive: Will grow from USD 312.9 B to USD 660 B (2023 to 2032), CAGR over 8.9%.
• AI/Smart: Will grow from USD 638.23 billion to USD 3,680.47 billion (2024 to 2034), CAGR over 19.1%.
  • Growth driven by AI Infrastructure & Terminal Devices, Smart City/Home, Cloud & Big Data, Connected Vehicle, Wearable Devices.
• Industrial Control: Will grow from USD 495.7M to 754.5 M (2024 to 2029), CAGR 8.77%.
• Energy: Global renewables in final energy consumption will grow from 13% (2023) to nearly 20% by 2030. Global energy investment set to exceed USD 3 trillion for the first time in 2024.

Product Roadmap

• (Detailed future product development plans implied by Slides 42-44)

ESG / Sustainability

Sustainable Development Structure

• Leadership: Sustainable Development Committee as the top management, led by President.
• Process: E (Environment), S (Social), G (Governance).
• Target: P (Prosperity), S (Human Right), E (Climate Change), (SDGs).

Sustainable Development Road Map

• Vision: New Gen with AI, Net Zero Planet.
• Mission: New Tech New life Safety and Convenience.
• Value: Pioneer, Breakthrough, Niche Market, Creative Future; Value; Green Circulation; Responsible Purchasing.
• Commitment: Strives to green energy and eco-technology (Future Generation; Circular Economy; Universe Sustainability).

Additional Data

Safe Harbor Notice

• The prospective statements released or mentioned in this presentation are based on company data and current situation.
• Forward-looking statements are subject to risks, uncertainties, and inferences, including increasing cost of raw materials, market demands, changes of policies or financial situations, and other uncontrollable risks.
• The company does not guarantee the accuracy of future outlook data nor undertake any obligation to update or correct any forward-looking statements.