Automotive lamp factory Tiweixi has invested in Xiaojinji Ruyi to increase capital in cash and is expected to be listed on the OTC market on October 6

Automotive lamp factory Tiweixi (1522) invested in Xiaojinji Ruyi (6604) to cooperate with the public underwriting operation before listing on the OTC, handle cash capital increase and issue 7,000 new shares, of which 5,040 were underwritten by bidding auction. The bidding period is from 9/17 to 9/21, and the lowest bidding price is 20 yuan per share. It is expected to be listed on the OTC on October 6. (File photo)

[Reporter Yang Yamin/Report from Taipei] Car lighting factory Tiwei West (1522) invested in Xiaojinji Ruyi (6604) to cooperate with the public underwriting operation before listing on the OTC, handle cash capital increase and issue 7,000 new shares, of which 5,040 were underwritten by bidding auction. The bidding period is from 9/17 to 9/21, and the lowest bidding price is 20 yuan per share. It is expected to be listed on the OTC on October 6.

Ruyi is deeply involved in the fields of automobile and motorcycle lights, LED module electrical switches and precision molds. It is an ODM/OEM factory for automobile and motorcycle lights. In 2025, its revenue will reach 2.071 billion yuan, and its earnings per share will reach 2.67 yuan. In the first half of this year, its revenue will be 1.083 billion yuan, an annual increase of 10.85%. Its net profit after tax is 98 million yuan, an annual increase of 149.32%, and its earnings per share will be 2.23 yuan.

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At present, Ruyi's main customers cover Taiwan, Japan and Malaysia. The sales area is Taiwan as the main market, accounting for 58% of revenue, Japan's revenue accounts for 16%, Malaysia's revenue accounts for 14%, Indonesia's revenue accounts for 5%, and the United States' revenue accounts for 3%.

Wu Guochen, chairman of Ruyi, said that the Taiwan market is stable. Although the development of new car models is conservative due to the impact of reciprocal tariffs in the United States, the order-taking momentum is pretty good. Overseas markets Japan and Southeast Asia are Ruyi's main markets. It will actively strive for orders from the Malaysian market, and is expected to expand its frontline from Indonesia to the Vietnamese market through the Indonesian joint venture AJI.

AJI, an Indonesian joint venture company in which Ruyi holds a 50% stake, is deeply involved in the Indonesian automobile OEM headlight market. Its operating performance has grown year by year, which has significantly contributed to Ruyi's external investment income. In 2023, 2024, and 2025, Ruyi recognized the annual growth rate of AJI's transfer investment income as 13.5%, 24.5%, and 4.9% respectively. Last year, the pre-tax profit contribution accounted for 47.3%.

Wu Guochen pointed out that Ruyi has been deeply involved in the field of automobile and motorcycle components for a long time. Benefiting from the slow recovery of Taiwan's auto market and the increasing volume of new projects for domestic car customers, order visibility has reached 2027-2028. It is optimistic that "the operating performance next year and the year after will not be worse than this year."

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