( )( )
( )
2019 12 31 2020 12 31 2021 12
31 2019 2020 2021
2020 4 21 2021 3 30 2022 4 25
2002179
2102360 2203681
( )
(1)
(2)
(3)
(4) (5)
( )
(6)
2019 12 31 2020 12 31 2021 12 31
2020 4 21 2021 3 30 2022 4 25
2002200 2102423
2203374
1
222559 ( )
(
)
4
2021 201,922.88
1
2
3
4 2021 2022
1
2
Preh Car
KSS
Quin GmbH Connect Preh Sweden
GmbH Holdings, Inc.
2019 1 1 20,464.73 82,823.30 711,671.84 637.68 2,639.16
- - (40,810.86) - -
(82.93) (332.14) 11,641.22 (6.18) (10.03)
2019 12 31 20,382.00 82,491.16 682,502.20 631.50 2,629.13
(20,928.15) - - - (137.65)
546.35 2,211.23 (44,152.01) 16.93 66.79
2020 12 31 - 84,702.39 638,350.19 648.43 2,558.27
- - (201,922.88) - -
- (8,499.79) (14,596.68) (65.07) (256.72)
2021 12 31 - 76,202.60 421,830.63 583.36 2,301.55
- (2,230.23) 22,210.67 (17.07) (67.36)
2022 6 30
- 73,972.37 444,041.30 566.29 2,234.19
2022 6 30
2018
2019 2020 2021 2022 6 30
86.54% 87.90% 84.21% 85.26%
1 QUIN GmbH
2015 1 27 QUIN GmbH75%
2018 1 QUIN GmbH 25%
2020 12 31
51%
Quin GmbH
2 Preh Car Connect GmbH
3
2016 4 29 TechniSat Digital GmbH
Preh Car Connect GmbH
3 KSS Holdings, Inc.
2016 6 KSS Holdings, Inc. KSS
KSS
2018
KSS
KSS
2019
2019 KSS ( )
( ) ( )
40,811
2019
2021
2021
Joyson Auto Safety Holdings S.A. ROA
( (2022) 6139-01 )
Joyson Auto Safety Holdings S.A.
EMEA ( (2022) 6139-02 )
Joyson Auto
SafetyHoldings S.A. AM ( (2022)
4
6139-04 )
20.19
4 Preh Sweden AB
Preh Sweden AB 2018 1 16 Konsberg Automotive ASA
2018
KSS
2022 1-6 2021 2020 2019
1,576,776.01 3,231,661.14 3,313,760.10 4,713,765.36
127,363.88 283,201.56 350,443.85 696,952.16
/ (52,632.28) (463,952.41) (138,647.11) 105,684.71
2020
2020 2019 2020
2020 2020 33.27%
2021
2021
6
5
3
2021 463,952.41 201,922.88
KSS 2016 6 2018 KSS
KSS
KSS 2018
KSS 2017
KSS Holdings, Inc. 2017
1,300,780.25
1,385,248.44
106.49%
182,557.68
EBITDA 107,739.69
59.02%
= / x 100%
KSS 2017 2017
EBITDA
1 6.14 2017
2017 8.45
13.13
6
2 2.21 2017
1.11 2017
1.27
KSS 2017 EBITDA
8 8
2019 2020 2021
2021 2020 2019
201,922.88 - -
201,922.88 - -
2019 2020
2021
20.19
7
2021
A
Auto Forecast Solutions 2021
1,020 ,
295.4 317.8 198.2
174
2020
IHS 2021 8,425 IHS 2021
90% IHS
5
2022-2026 10%
2021
B 2021
2021 12 31
2021
8
2019 %
2020 12 31 2021 12 31
% % %
2020 12 31 0.916 6.900 5.250
2021 12 31 1.512 10.310 7.556
2019
2020 2 2019 2020
2021
2021
C
2021
9
1
8
2018 8
1
8
35
35
2
5
8
10
2
P
Fi i
Fn+1
r
i
n
Fi= + - - +
+
11
3
2021 2020 2019
5 473.00 479.22 514.98
108.45 112.94 122.82
- 0.00% 0.00% 0.00%
5 EBITDA
13.71% 11.59% 10.29%
WACCBT 15.05% 14.71% 13.35%
5 348.33 399.6 466.67
77.75 95.19 102.41
-
0.00% 0.00% 0.00%
5 EBITDA
7.50% 7.31% 8.10%
WACCBT 9.11% 9.14% 9.84%
5 603.17 651.58 694.74
148.76 152.55 146.45
- 0.00% 0.00% 0.00%
5 EBITDA
8.55% 9.03% 9.91%
WACCBT 18.34% 15.86% 15.27%
5 709.93 813.17 889.07
158.56 180.25 192.37
-
0.00% 0.00% 0.00%
5 EBITDA
6.85% 6.81% 6.44%
WACCBT 13.98% 13.75% 12.74%
1 5
5
12
5
2019
2020 5
2020 2019
5 73.44 73.82
-
17.31 17.61
- 5 61.24 66.89
14.59 14.68
5 99.86 99.59
-
23.38 20.99
- 5 124.63 127.44
27.62 27.57
2020
2 3 3 6
2020
28% 2020
2020
2020 IHS 2020 12
5 2020 6
4%
2020
5 2020
2021
2021
13
2021
2021 5
2
3 EBITDA
EBITDA 5 EBITDA
4 WACCBT
10
2021
4
KSS
- 2021 2020 2019
A 271,252.50 239,717.39 223,453.19
B 155,956.13 159,605.77 170,644.99
C=A+B 427,208.62 399,323.16 394,098.19
D 492,989.82 450,601.58 447,569.9
E (34,752.31) (38,202.80) (34,091.06)
F=D+E 458,237.51 412,398.78 413,478.84
( 0 ) G=C-F - - -
14
- 2021 2020 2019
A 160,610.58 175,972.70 176,463.39
B 251,008.12 256,881.99 274,649.45
C=A+B 411,618.70 432,854.69 451,112.85
D 444,755.42 627,185.40 592,405.62
E (77,877.58) (110,392.81) (138,985.90)
F=D+E 366,877.85 516,792.58 453,419.72
( 0 ) G=C-F 45,015.63 - -
- 2021 2020 2019
A 336,192.96 349,752.13 396,758.06
B 97,696.89 99,983.07 106,898.53
C=A+B 433,889.85 449,735.19 503,656.59
D 417,011.45 595,723.42 704,772.17
E (65,656.51) (128,508.67) (182,898.99)
F=D+E 351,354.94 467,182.75 521,873.18
( 0 ) G=C-F 82,588.91 - -
- 2021 2020 2019
A 290,587.77 355,560.46 337,109.7
B 119,092.40 121,879.32 130,309.22
C=A+B 409,680.17 477,439.79 467,418.93
D 450,737.21 529,913.56 541,617.96
E (115,362.68) (39,676.60) (46,151.80)
F=D+E 335,374.53 490,236.96 495,466.16
( 0 ) G=C-F 74,318.35 - -
15
2019 2020 2021
2021 12 31 2020 12 31 2019 12 31
155,956.13 159,605.77 170,644.99
251,008.12 256,881.99 274,649.45
97,696.89 99,983.07 106,898.53
119,092.40 121,879.32 130,309.22
623,753.54 638,350.15 682,502.19
- - -
45,015.63 - -
82,588.91 - -
74,318.35 - -
201,922.88 - -
2019 2020
2021
5
20.19
8
2016 6 KSS Holdings, Inc.
2018 4
KSS
KSS
KSS
16
8
1
1
8
2
8
3
8
( )
4
15
2014 ( 2014 54 )
2
2019 2020 2021
3
17
8
8 2019
2020 2021
18
2021 2022
2021 2022
2021 2022
- -
- -
EBITDA EBITDA EBITDA EBITDA
2022 1-9
a 93,753.98 9,969.80 67,779.37 1,699.04 111,617.04 195.89 124,464.00 1,225.38
1
2 b 6,720.92 714.70 22,224.17 557.10 - - 32,299.18 317.99
c=a+b 100,474.90 10,684.50 90,003.54 2,256.14 111,617.04 195.89 156,763.18 1,543.37
2022 1-9
2022 3 d 129,308.86 15,586.72 95,880.92 4,911.13 138,252.75 359.92 200,047.69 2,567.50
f=(c*12/9)
4 103.60% 91.40% 125.16% 61.25% 107.65% 72.57% 104.48% 80.15%
/d
1 2022 2022 1-9
EBITDA 2022 1-9
2
2022
3 2022 2021
4 = /
19
1
103.60% 125.16% 107.65% 104.48%
2 EBITDA
EBITDA 91.40% 61.25% 72.57% 80.15%
1
2
2022
2022 2022
6
3
2022
2022 1-6 8.08%
10.5%
3
20
2022 MCU
2021
4
61.25%
2022 2022
2022
1-9 2021 4.67%
150
140
130
120
110
100
19-01-04 19-07-04 20-01-04 20-07-04 21-01-04 21-07-04 22-01-04 22-07-04
2019
iFind
2022
2022
450 5-
7
21
2021
2022 6 30
52.08
22
23
5
2020 51% 1
2
3
51%
2018 2019 2020 1-9 35.82 37.69 24.46
1.14 1.39 1.21
1999 6 22 002870
2020 11 24
51%
24
2020 1693
2020 9 30
41.39 20.40
40.00 2020 12
2020 11 26
2020 12 14
2020
12 31 2020
1
1
25
2
=
=
r—
n—
Fi— i
Fi= + - -
5 1 2020 10 1 2025 12 31
2025
2020
2021 2022 2023 2024 2025
10-12
86,967 407,763 467,517 530,727 633,982 648,472
67,594 312,345 351,563 401,706 473,066 480,667
3,177 15,983 18,027 20,445 27,239 29,953
7,557 31,200 32,214 33,248 34,928 36,808
4,535 18,954 19,804 20,663 21,839 22,962
10.80%
26
2020
2021 2022 2023 2024 2025
10-12
38,416 150,710 177,651 188,138 180,779 175,327
43,572 200,510 209,710 227,508 264,355 284,357
626 28,626 66,499 93,749 184,999 184,516
512 1,368 1,199 799 799 799
2,835 24,280 12,233 20,603 4,087 3,997
1,202 2,935 3,038 3,118 3,118 3,118
-196 -665 -2,813 -3,188 -4,156 -3,643
86,967 407,763 467,517 530,727 633,982 648,472
A
2020
2021 2022 2023 2024 2025
10-12
81,988 351,220 379,286 376,686 341,389 293,739
8,075 38,960 103,746 165,945
81,988 351,220 387,361 415,646 445,135 459,684
2020
2021 2022 2023 2024 2025
10-12
100% 100% 98% 91% 77% 64%
0% 0% 2% 9% 23% 36%
27
B
/
2021 4
PDU A 2020 9
PDU B 2021 1
PDU C 2021 3
PDU D 2021 6
PDU E 2021 6
PDU F 2021 9
2021 1
2021 1
2021 1
BDU 2022 7
5-7
2016 2016
44
28
2020
2021 2022 2023 2024 2025
10-12
45,816 213,295 258,866 296,415 376,019 382,069
10,723 46,209 49,749 52,943 57,739 60,190
8,286 30,537 31,115 32,544 35,221 34,410
2,769 22,304 11,833 19,804 4,087 3,997
67,594 312,345 351,563 401,706 473,066 480,667
2019 2020 1-9
2020 1-9
A
B
2020 1-9 2019
2020
2021 2022 2023 2024 2025
10-12
975 4,193 4,511 4,837 5,298 5,565
2,201 11,790 13,517 15,608 21,940 24,387
5,022 20,737 21,416 22,104 23,328 24,733
2,535 10,464 10,799 11,145 11,600 12,075
2,405 10,163 10,734 11,307 12,095 12,811
2,130 8,791 9,069 9,358 9,746 10,151
29
WACC
WACC WACC
10.8%
3
12
30
EV/EBITDA
P/E
EV/EBITDA P/E EV/EBITDA P/E EV/EBITDA P/E
8.63 17.07 8.02 16.49 22.12 34.75
EV/EBITDA EV/EBITDA EV/EBITDA
P/E P/E P/E
8.63 17.07 8.02 16.49 22.12 34.75
32,308.37 10,781.23 25,951.00 10,292.0 13,719.00 7,725.00
278,749.24 208,193.57 303,504.68
66,478.98 31,481.69
212,270.30 184,087.73 176,711.89 169,692.73 303,504.68 268,423.30
50% 50% 50% 50% 50% 50%
198,179.01 173,202.31 285,963.99
29.00% 29.00% 29.00%
57,471.91 50,228.67 82,929.56
140,707.10 122,973.64 203,034.44
466,715.17
-48,973.72
9,393.00
410,000.00
31
4
413,900.00 410,000.00
2
20.40 40.00
2020 9 30
413,900.00
100% 400,000.00
100% 413,900.00
96.64%
3 5,000
3 12
8.4 10
1
19,000 10
2 2
51,000 10 3 3
100% 90,000 10
32
2020 11 27 5,000
2020 12 31
11.5
2021
2200920 2021
24,837 2021 19, 000
131% 2
14
6.4 2022 2023
1
1 2021 2022 2023
2
3 2021-2023
90,000 2021 19,000 2022
32,000 2023 39,000
2
33
3
1
= -
2
20.4
4
1
5
2
2021
2200920 2021
24,837 2021 19,000
131%
2021
34
1
2 51%
3 2018 2019 2020 1-9
2004017
4
5
6 2021
2200920
7
8
1
2
3
4
35
6
2020
1
2
3
4
1
2022 1-6 2021 2020 2019
1,622,172.58 3,230,635.33 3,313,216.74 4,707,051.72
132,175.66 274,313.52 372,346.96 719,262.52
658,929.71 1,271,465.22 1,025,037.11 1,016,352.60
117,924.97 241,446.94 177,906.85 175,952.89
36
1
2019 2020 2021 2022 1-6
4,707,051.72 3,313,216.74 3,230,635.33 1,622,172.58
1,016,352.60 1,025,037.11 1,271,465.22 658,929.71
1
2021
87% 2019-2021
700
596
600
525
471 486
500
400 335 331 323
276 291
300
200
100
0
2019 2020 2021
Autoliv
37
2019 2020 2021
1,402 1,093 1,138
2020 2021
2020
2021
2020
Key Safety Systems, Inc. 2019
2019 12
( ) 2019
2020 20175 2019
48.78
2018
2018 4
2015
2017 6
2015
2018
2019 2021 442
375 218
2021
2022
450
38
2
2019 962 2021 1,104
7.13%
1,600 12.0%
1,486
1,412
1,400 1,337
1,261 10.0%
9.9% 10.1% 1,181
1,200 1,104
1,029 8.0%
1,000 962
874
795 7.3%
7.0% 7.0% 6.8%
800 6.0%
6.0%
5.6%
600 5.2%
4.0%
400
2.0%
200
0 0.0%
2017 2018 2019 2020 2021 2022E 2023E 2024E 2025E 2026E
2017 -2026
39
915.10
764.77
621.60
465.43
333.41
105.30 106.01 124.57
57.90
2017 2018 2019 2020 2021 2022E 2023E 2024E 2025E
2017-2025
40
2
2019 2020 2021 2022 1-6
719,262.52 372,346.96 274,313.52 132,175.66
175,952.89 177,906.85 241,446.94
117,924.97
2022 1-6 2021 2020 2019
8.15% 8.49% 11.24% 15.28%
17.90% 18.99% 17.36% 17.31%
2020 2021 29.6%
2.5%
2018
2019 -2021
5-7
MIB3 2020 2021
MIB2
41
2
1
1
1
2022 1-6 2021 2020 2019
1,115,903.46 27.46% 1,767,121.98 6.29% 1,662,570.00 -18.91% 2,050,250.10
5,515,885.35 9.11% 9,952,726.68 16.74% 8,525,565.00 -14.70% 9,995,056.26
248,530.91 21.21% 448,826.95 33.01% 337,443.40 -0.27% 338,340.99
6,874,985.38 3.21% 13,994,413.96 4.77% 13,357,763.97 -7.25% 14,402,362.61
- 658,929.71
8.70% 1,271,465.22 24.04% 1,025,037.11 0.85% 1,016,352.60
2020
67.6%
2021
2022 1-6 2021 2020 2019
/ 550,154.78 1,061,596.34 860,597.96 918,220.92
108,774.94 209,868.89 164,439.15 98,131.69
658,929.71 1,271,465.22 1,025,037.11 1,016,352.60
42
2
“ ”
1
IHS Markit
8,895.09 9,038.76
8,808.12
8,530.13
8,184.06
7,719.66
7,459.58
2019 2020 2021 2022E 2023E 2024E 2025E
2019 -2025
IHS Markit
2020
2019 2021
IHS
43
2
3,255,625.63 3,192,319.51 2,802,816.83
1,419,874.20 52.77% 66.66% 61.37% 61.95%
/
Q5 A6
1 5 X1 X2 X3 X5
F-150
Bronco
GLA GLB A GLE
CT6 XT5
CR-V ZR-V XR-V
44
2019 -2025
IHS Markit
2020
2021
2022
45
3
2022
2022
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
-
2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2019 -2022 9 /
46
90
80
70
60
50
40
30
20
10
-
2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2019 -2022 9 /
2,000
1,800
1,600
1,400
1,200
1,000
800
600
400
200
-
2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2019 -2022 9 /
47
12,000
11,000
10,000
9,000
8,000
7,000
6,000
5,000
4,000
2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2019 -2022 9 /
2022
2022 5,247.84 2022
1,282,321.98 22.63%
23,647.10
2019 2020 2021 2022 1-6 6,169,890.30
4,788,983.76 4,567,003.24 2,291,988.10 145,223.38
20,383.11 -453,546.22 -26,282.48 2021
2022
48
”
2022 1-6
2021 2020 2019
62,004.21 139,527.29 102,002.46 130,834.26
2,291,988.10 4,567,003.24 4,788,983.76 6,169,890.30
2.71% 3.06% 2.13% 2.12%
6,107,035.68 4,705,350.30
4,502,100.55 2,281,102.29
2022 1-6
2021 2020 2019
772,507.89 33.87% 1,623,671.85 36.06% 1,668,407.05 35.46% 2,280,008.09 37.33%
954,499.51 41.84% 1,924,745.25 42.75% 1,859,035.76 39.51% 2,299,308.52 37.65%
554,094.89 24.29% 953,683.45 21.18% 1,177,907.48 25.03% 1,527,719.06 25.02%
2,281,102.29 100.00% 4,502,100.55 100.00% 4,705,350.30 100.00% 6,107,035.68 100.00%
49
2020 12 51%
2022 1-6
2021 2020 2019
772,507.89 33.87% 1,623,671.85 36.06% 1,493,550.78 34.35% 2,110,722.45 36.81%
954,499.51 41.84% 1,924,745.25 42.75% 1,721,235.13 39.59% 2,106,628.98 36.74%
554,094.89 24.29% 953,683.45 21.18% 1,132,863.62 26.06% 1,517,156.77 26.46%
100.00 100.00 100.00 100.00
2,281,102.29 4,502,100.55 4,347,649.53 5,734,508.20
% % % %
2020
2019
2020 2021
24.04%
2020 2021
1
2
2020 2022
2022
50
IHS Markit 2020
16.14% 2021
2021 2020
3.49% 2022
2021 7.5% IHS Markit 2022
10 2022-
2025 3%
2020 2021 2022
2021 2022 2022
3
3
78.28% 76.67% 75.89% 76.68%
-1,079.75
-1,494.71 -2,267.01 24,437.55 2022
4
2020
51
Auto Forecast Solutions 2021
1,020 , 295.4
317.8 198.2
174 2022 MCU
2021
2019 2020
2020 12 31 51%
2022 1-6
2021 2020 2019
8.15% 8.49% 11.24% 15.28%
17.90% 18.99% 17.36% 17.31%
- - 21.80% 23.29%
10.96% 11.46% 13.39% 16.12%
2021 87%
2015
2022 1-6 2021 2020 2019
14.60% 18.36% 16.74% 18.54%
8.15%
- 8.49% 11.24% 15.28%
52
1 2018
2020 2021
-29.72% -2.42% -18.46% 8.02%
2
53
2022 1-6 2021 2020 2019
9.00% 9.16% 9.62% 11.00%
12.50% 15.60% 14.85% 18.43%
21.51% 21.57% 23.62% 22.43%
13.61% 14.38% 15.23% 14.46%
14.15% 15.18% 15.83% 16.58%
- 17.90% 18.99% 17.36% 17.31%
MIB3 2020 2021
MIB2
54
2019 2020 2021 2022 1-6 0.02% 0.03% 0.30%
0.26% 0.49% 1.92% 0.46% 0.34%
55
1
2022 1-6
2021 2020 2019
JOYSONQUIN Automotive Systems
3,317.97 0.14% 7,052.30 0.15% - - - -
Polska Sp. z o.o.
JOYSONQUIN Automotive Systems M
1,851.67 0.08% 3,843.86 0.08% - - - -
xico S.A. de C.V.
( )
120.82 0.01% 1,092.84 0.02% 43.27 0.01% 895.40 0.01%
/
372.99 0.02% 755.53 0.02% - - - -
/
292.54 0.01% 840.17 0.02% 870.16 0.02% 487.96 0.01%
5,955.99 0.26% 13,584.70 0.30% 913.43 0.03% 1,383.36 0.02%
56
2
PIA Automation Bad Neustadt GmbH
PIA Automation Holding GmbH
57
1,000
1 “ ”
JOYSONQUIN Automotive Systems Polska Sp. z o.o JOYSONQUIN Automotive Systems
México S.A. de C.V.
2020 12 31
51%
2020
2 “ ” PIA Automation
Bad Neustadt GmbH PIA Automation Holding GmbH
3 ( ) “ ”
2019
2019 12
58
4
5
0.3%
2%
1,000
1
1 JOYSONQUIN Automotive Systems Polska Sp. z o.o
JOYSONQUIN Automotive Systems M xico S.A. de C.V.
2
59
2
1
2
3
4 2020
2021
5
1
60
2
3
4
5
6
7
8
9
10
/
1
2
3
4
;
5
6
14 ——
61
7
1
2
3
1
2022
2021 2020 2019
6 30
12 31 12 31 12 31
113.41 130.76 143.11 137.46
419,353.48 454,793.87 712,407.26 580,653.29
168,438.91 169,772.86 152,451.34 77,171.51
587,905.80 624,697.49 865,001.71 657,962.25 -
11.45% 12.17% 15.37% 11.56% -
62
2
2022 6 30 1
13 30.66 52.15%
Bank of Tokyo Russia Commerzbank AG 9
63
77,171.51 320,421.11 196,641.86 199,272.94
2022
2021 2020 2019
6 30
12 31 12 31 12 31
122,599.42 104,948.28 89,237.23 69,988.75
1 45,839.49 64,824.58 63,214.11 7,182.76
2 30,834.03 26,869.00 167,969.78 -
199,272.94 196,641.86 320,421.11 77,171.51
33.90% 31.48% 37.04% 11.73%
1
2
2021
2200387
2020
2100427 2019
2000579 2019 2020
2021
64
101,629.80 107,274.14 97,172.10
14,697.95
2022 1-6
2021 2020 2019
44,783.35 100,922.14 114,831.03 110,207.16
1,833.25 4,301.18 - -
1,020.03 2,600.10 759.54 1,566.91
(7,506.03) (9,024.13) (9,303.85) (9,327.30)
( )/ (24,437.55) 2,267.01 1,494.71 1,079.75
1,044.97 1,306.00 1,011.79 1,237.09
14,697.95 97,172.10 107,274.14 101,629.80
2019 2020 2021 2022
2022
2021 2020 2019
624,697.49 865,001.71 657,962.25 781,680.01
547,585.18 624,697.49 865,001.71 657,962.25
586,141.34 744,849.60 761,481.98 719,821.13
7,707.79 9,024.13 9,303.85 9,327.30
1.75% 1.21% 1.22% 1.30%
2022 = / * 4/3
65
2019 2020 2021 2022 9,327.30
9,303.85 9,024.13 7,707.79
1.30% 1.22% 1.21% 1.75% 2022
4,763.98
1
2022 6 30 587,905.80
2022 6 30
587,905.80 388,632.86
113.41 113.41
419,353.48 388,519.45
1
30,834.03 -
2
168,438.91 -
1 2022 6 30
2
2022 6 30 587,905.80
30,834.03 2020
168,438.91
2022 6 30 388,632.86
66
2
2022 6 30 77,014.15
2022 6 30
2022 6 30
77,014.15
64,468.71
- 12,545.44
3,079.22
9,466.22
2022 6 30 3,079.22
3
2021 2022 1-6
2022 1-6
2021
2,601,173.48 5,386,733.64
443,772.62
= /18
443,772.62
5,325,271.41
67
4
2022 1-6
2021
2,572,206.43 5,204,584.73
432,043.95
= /18
432,043.95
5,184,527.44
5 /
/ 2022 6 30
40,728.14
6
2022 6 30 333,724.55
170,544.98 504,269.53
7
68
2022 6 30
1 388,632.86
2022 6 30
2 3,079.22
3 *12 5,325,271.41
5,716,983.49
4 *12 5,184,527.44
2022 6 30
5 504,269.53
2022 6 30
6 / 40,728.14
5,729,525.11
4+5+6-1-2-3 12,541.62
2022 6 30
12,541.62
4,763.98
69
2022 6 30 2021 12 31 2020 12 31 2019 12 31
1.07 1.30 1.36 1.25
1.75 1.67 1.63 1.69
2.63 2.01 1.85 1.31
1.07 1.08 1.11 1.20
1.99 2.09 2.64 2.80
1.70 1.63 1.72 1.65
1.37 1.41 1.28 1.17
0.78 1.03 1.10 0.94
1.36 1.36 1.41 1.47
2.04 1.53 1.52 0.99
0.86 0.84 0.89 1.04
1.48 1.62 2.12 2.35
1.30 1.28 1.41 1.36
0.91 1.00 0.97 0.84
%
63.60 64.85 70.29 68.66
70.83 72.43 77.54 73.80
58.40 52.46 53.77 70.20
66.46 65.11 61.32 57.81
37.14 35.57 28.24 26.78
59.29 58.08 58.23 59.45
67.44
67.16 65.40 69.95
70
1 2019 2020 2021
2 2019 2020 2021
3
4
5 2022 6 30
/ /
1
2
71
8
1
2
2022 1-6 / 2021 / 2020 / 2019 /
2022 6 30 2021 12 2020 12 2019 12
31 31 31
2,291,988.10 4,567,003.24 4,788,983.76 6,169,890.30
801,602.58 703,098.51 633,034.29 728,708.12
17.5% 15.4% 13.2% 11.8%
2019 2020 2021 = / 2022 1-6 =
/( *2)
5
2020
2021 2022
2022 2,500
5-7
5 7
72
1-6
2022 6 30
2021 12 31 2020 12 31 2019 12 31
837,157.54 741,248.55 668,912.59 766,052.91
(35,554.96) (38,150.04) (35,878.30) (37,344.79)
801,602.58 703,098.51 633,034.29 728,708.12
4.25% 5.15% 5.36% 4.87%
37,344.79 35,878.30
38,150.04 35,554.96 4.87% 5.36% 5.15% 4.25%
73
2022 1-6 2021 2020 2019
A 127 107 108 108
70 ( ) 63 62 53
iFind A
183 A
2019 2020 2021 2022 1-6 53 62
63 70
2022 7-9 2022 1-6
2021 2020 2019
107,563.45 112,748.38 116,544.84 197,283.91 237,015.74
1,083,864.24 2,025,816.74 3,982,543.63 3,994,348.22 5,082,759.31
1,085,491.43 2,031,001.67 3,986,340.09 4,075,087.29 5,122,491.14
/
91.11% 94.97% 97.25% 97.22% 96.29%
+
96.29% 97.22% 97.25% 94.97%
2022 7-9 91.11%
74
1%-3%
1-6
2022 6 30 2021 12 31 2020 12 31 2019 12 31
9.26% 10.48% 10.44% 10.07%
3.52% 3.64% 10.08% 10.14%
5.22% 4.83% 4.85% 6.86%
3.52% - 9.26% 3.64% - 10.48% 4.85% - 10.44% 6.86% - 10.14%
A 5.20% 5.53% 5.68% 5.04%
4.25%
5.15% 5.36% 4.87%
iFind A
183 A
2022 1-6 2021 2020 2019 4.25%
5.15% 5.36% 4.87%
75
1 2022
2
3
4
5
1
2 1
76
9
1
2
3
2022 2021 2020 2019
6 30 12 31 12 31 12 31
/
20.04 21.42 21.33 21.68
( / )
/
30.26 32.01 34.21 29.68
( / )
/
0.2358 0.2451 0.2550 0.2089
2020
77
2021
69.26% 62.31% 65.66%
63.07%
2018 2019
KSS
2019
2020
2020
2020 2021
2022
2022
/ /
2022
2022
450 2022 2,000
78
8
1
2
3
4
5
6
7
8
8
79
2022 6 30 2021 12 31 2020 12 31 2019 12 31
140,950.87 137,569.94 155,956.61 156,616.41
29,507.28 31,174.47 35,012.34 24,988.21
16,127.31 14,676.85 14,324.73 13,242.00
186,585.46 183,421.26 205,293.68 194,846.62
80
1
2022
2021 2020 2019
6 30
12 31 12 31 12 31
( )
2022
2018
3 20 11,148.81 12,841.37 4,365.66 -
2022 10
2018
8 27 - - 21,017.31 11,502.82
2021 12
2022 2022 6 30
81
4 < 4 >
1
2
3
2022 6 30 4.11
2,500
82
83
1
2
3 2019 2020 2021
4
5
6 2019 2020 2021
1
8
2 4
3
14
84
10
LI Chao 8.0392%
1 3
2
3
4
3
1 2016 9
2016 8 23
[2016] 330200815724
2016 8 31
6
2016 9 7
91330201MA282L2841
85
%
1 5,000.0000 1,000.0000 100.00
5,000.0000 1,000.0000 100.00
2 2017 1
2017 1 9 1.5
2 2022 12 31
2017 1 19
2020 11 30
[2020] ZA41218 2018 8 28
20,000
%
1 20,000.0000 20,000.0000 100.00
20,000.0000 20,000.0000 100.00
3 2020 3
2020 2 21
2020 3 9
4 2020 7
2019 12 30
76,000 Preh Car Connect GmbH 2019 12 30 2020
12 31 1,521 74,479
86
2020 6 30
20,000 31,349.1617 11,349.1617
56,447.28 11,349.1617
2020 7 7
[2020] 842
2020 6 30 56,447.28
2020 7 28
2020 7 29
[2020] ZA15235 2020 7 20
11,349.1617 56,447.28
%
1 31,349.1617 31,349.1617 100.00
31,349.1617 31,349.1617 100.00
5 2020 7
2020 7 1
30,000 6,031.7317
2020 7 13 LI Chao
LI Chao 300 422.0101
2020 7 14
31,349.1617 37,802.9035 6,453.7418
30,000.0000 6,031.7317
LI Chao 300.0000 422.0101
87
2020 7 28
2020 7 29
[2020] ZA15235 2020 7 20
6,031.7317 30,000.0000
2020 8 25 LI Chao
2020 11 30
[2020] ZA41217 2020 9 18 LI Chao
422.0101 3,000,000
/ %
1 31,349.1617 31,349.1617 82.92
2 6,031.7317 6,031.7317 15.96
3 422.0101 422.0101 1.12
37,802.9035 37,802.9035 100.00
6 2020 11
2020 7 21
5,000 1,005.2886
2020 7 22
10,000 2,010.5772
2020 7 23 Preh GmbH
Preh GmbH 12,000.0000 96,916.8000
19,485.8713 2020 11 6
Preh GmbH Preh
GmbH 12,000.0000 Preh GmbH 12,000.0000
19,485.8713
2020 7 23
6,000 1,206.3463
88
2020 7 25
10,000 2,010.5772
2020 8 11
5,000 1,005.2886
2020 8 12
4,000 804.2309
2020 11 9
27,528.1801 37,802.9035 65,331.0836
1 Preh GmbH 12,000.0000
96,916.8000 19,485.8713
2 10,000.0000 2,010.5772
3 6,000.0000
1,206.3463 4 5,000.0000
1,005.2886 5
4,000.0000 804.2309
6 5,000.0000 1,005.2886
7 10,000.0000
2,010.5772 LI
Chao
2020 11 10
2020 11 25 Preh GmbH
2020 11 30
[2020] ZA41217 2020 9 18
2020
9 18 65,331.0836 45,845.2123
2020 12 18 2000879
2020 11 24 Preh GmbH 19,485.8713
2020 11 24 65,331.0836
89
/ %
1 31,349.1617 31,349.1617 47.9851
2 19,485.8713 19,485.8713 29.8263
3 6,031.7317 6,031.7317 9.2326
4 2,010.5772 2,010.5772 3.0775
5 2,010.5772 2,010.5772 3.0775
6 1,206.3463 1,206.3463 1.8465
7 1,005.2886 1,005.2886 1.5388
8 1,005.2886 1,005.2886 1.5388
9 804.2309 804.2309 1.2310
10 422.0101 422.0101 0.6459
65,331.0836 65,331.0836 100.00
7 2020 12
2020 11 27 2020 11 30
2020 12 18 2004033
2020 11 30 2,239,613,481.65
2020 12 21 [2020] 1748
2020 11 30
3,250,000,000
2020 12 21
LI Chao Preh GmbH
2020 12 22
< >
2020 12 24
90
2021 1 8 2000891
2020 11 30
65,331.0836 2020 11 30
223,961.348165 65,331.0836
/ %
1 313,491,617 47.9851
2 Preh GmbH 194,858,713 29.8263
3 60,317,317 9.2326
4 20,105,772 3.0775
5 20,105,772 3.0775
6 12,063,463 1.8465
7 10,052,886 1.5388
8 10,052,886 1.5388
9 8,042,309 1.2310
10 LI Chao 4,220,101 0.6459
653,310,836 100.0000
8 2020 12
2020 12 24 2020
2,443.0000 3,074.5800
1,767.0000 1,176.2400
676.0000
2.6072% 0.9974%
2020 12 28
2021 1 11
[2021] ZA30026 2020 12 28
2,443.0000 2020 12 28
67,774.0836
91
/ %
1 313,491,617 46.2554
2 Preh GmbH 194,858,713 28.7512
3 60,317,317 8.8998
4 20,105,772 2.9666
5 20,105,772 2.9666
6 17,670,000 2.6072
7 12,063,463 1.7799
8 10,052,886 1.4833
9 10,052,886 1.4833
10 8,042,309 1.1866
11 6,760,000 0.9974
12 LI Chao 4,220,101 0.6227
677,740,836 100.0000
9 2022 5
LI Chao
8.0392% 2022 5 13 LI Chao
LI Chao
%
1 367,976,148 54.2946
2 194,858,713 28.7512
3 60,317,317 8.8998
4 17,670,000 2.6072
5 12,063,463 1.7799
6 10,052,886 1.4833
7 8,042,309 1.1866
8 6,760,000 0.9974
677,740,836 100.0000
92
4
/ /
2020 7
1 31,349.1617
2020 7
2 37,802.9035
LI Chao
Preh GmbH
4.9737 / 1
2020 11 [2020]
3 65,331.0836
847
2020 12
4 1.74 / 67,774.0836
2020 12
2020 1748 2020
11 30 325,000
653,310,836 4.9747 /
93
2020 11 Preh
GmbH
136,916.80
27,528.1801 4.9737 / 1
37,802.9035 65,331.0836 324,937.21
2020 12 2021
2204333
2020 1748
2020 11 30
325,000 653,310,836
4.9747 / 67,774.0836
337,155.73
2022 5 13 2021 12 31
400,072.00
8.0392% 32,156.80
400,000.00
23.10% 18.64%
1
5G C-V2X
5G
94
AR
VR
5G
2
2020 2021
330,944.57 374,204.31 2021 13.07% 2020
2021 7,508.24 18,250.56 2021
143.07%
3
5G-V2X 5-7
95
1
1
2
2022 6 30
96
3
2022 6 30 218,931.84
190,051.38 2022 1-6 48,483.12
6,863.60
2021 12 31 224,791.68
192,754.59 2021 94,200.04
14,546.31
2
3
4 LI Chao
LI Chao
3KillineyRoad 239519Singapore
LI Chao
97
2020
1
HMI
98
OTA
2
2020 2021
330,944.57 374,204.31 2021 13.07%
2020 2021 7,508.24 18,250.56 2021
143.07%
3
LI Chao 2020
LI Chao
99
400,072.00
159,460.26 66.27%
652,141.89 411,530.15 171.03%
400,072.00
-38.65%
100
1
2021 12 31
400,072.00 8.0392%
32,156.80 400,000.00
101
2
21.92 22.17
102
LI Chao
1
2
3
4 2022 2021
5 LI Chao
6
7
8
LI Chao
9 LI Chao
10
11
12
13
103
1
2
3
4
5
104
11
1
2
3
2020 6
1
2
2020 7 1
105
1
2
2021 12 24 3,079.22
2022 12 7
2022 A
2022 A 2022
A A
<
>
3,079.22
36,920.78
106
2022 6 30
1 82,429.98
2 1,792.24
3 97,825.17
4 60,114.16
5 198,515.31
6 79,298.36
1
2022 6 30 82,429.98
107
7,358.92 2017/7/21 2024/2/12 8.00%
2,107.29 2020/4/29 2025/4/28 3.40%
3,079.22 2021/12/24 2023/6/26 5.10%
193.41 2021/12/29 2022/6/30 2.40%
4,991.01 2022/3/10 2022/9/30 2.70%
5,091.84 2022/3/10 2022/9/30 2.70%
4,991.01 2022/3/10 2022/8/31 2.70%
5,091.84 2022/3/10 2022/8/31 2.70%
5,024.84 2022/4/18 2022/10/20 2.45%
10,154.72 2022/5/27 2022/10/27 2.68%
9,925.35 2022/5/27 2022/10/27 2.67%
4,950.36 2022/6/30 2022/9/30 2.64%
5,050.37 2022/6/30 2022/9/30 2.64%
9,003.97 2022/6/24 2022/10/11 2.30%
2022 6 30 7,358.92
2022 6 30 2,107.29
2022 6 30 3,079.22
108
A
2
2022 6 30 1,792.24
3
2022 6 30
-
24,000.43
73,824.74
23,838.77
15,556.44
12,180.83
9,406.45
4,078.98
10,040.45
-1,277.18
97,825.17
109
2022 6 30 97,825.17
12,180.83
/
11,695.20
PIA Automation 459.13
26.50
11,931.87
+ 11,695.20 2020 12 31
51%
JOYSONQUIN
Automotive Systems GmbH( QUIN GmbH )75% 11,446.24
4.35%
2022 6 30
4
2022 6 30 60,114.16
8,391.11
4,243.47
47,479.58
60,114.16
-
110
2020 12
31 20.4 51%
12.0 8.4 2021
2023
2022 6 30 2
2022 2023
Innovusion 2021 5,625.76
2021 1,000.00
Active Protective Technologies, Inc. 2018 600.16
2022 500.00
True Touch 2019 335.57
2021 248.95
GSB Gesellschaftfür Müllentsorgung
2018 80.67
GmbH
Innovusion Active Protective Technologies, Inc.
True Touch GSB Gesellschaftf r M llentsorgung GmbH
2
LP
2022 6 30
1,248.95
111
5
2022 6 30 79,298.36
6
2022 6 30 198,515.31
)
11,324.67
183,390.12
Innoventis GmbH 490.62
3,309.89
- 198,515.31 -
2022 6 30
1 12,545.44
2 11,695.20
3 1,248.95
25,489.59
112
2022 6 30 25,489.59
2.24%
2022 6 30 25,489.59
1,140,335.08 2.24% 40,000.00
8.0392%
8.0392%
2022 6 30
67.44%
5%
113
7%
/
5
8%
1
2021
1 5%
4
2021
2 7%
3
114
1
2
3
4
5
6
7
8
1
2
3
33
4 2022
2022 1 1 11 30 2022
115