SHIHLIN ELECTRIC AND ENGINEERING C Business Summary

Shihlin Electric & Engineering Corp (SEEC) operates a diversified industrial manufacturing and engineering model, generating revenue through the design, production, and sale of heavy electrical systems, factory automation solutions, and automotive components. The company’s business is structured into four primary segments: Electric Distribution (transformers and switchgear for utilities and data centers), Automation (inverters, PLCs, and servo motors), Automotive Parts (starters and alternators for global OEMs), and a rapidly expanding Green Energy division focused on EV charging infrastructure and renewable energy storage. SEEC leverages a mix of direct product sales and high-margin Engineering, Procurement, and Construction (EPC) services, particularly for Taiwan Power Company’s grid resilience projects. In the competitive landscape, SEEC maintains a dominant mid-to-high-tier position in domestic infrastructure alongside Teco Electric & Machinery, Fortune Electric, and Chung-Hsin Electric & Machinery, while competing with global leaders like Delta Electronics in the power electronics and automation space. The company is led by Chairman and CEO Emmet Hsu (Hsu Yu-jui), who represents the second generation of the founding Hsu family leadership that established the firm in 1955. He is supported by President and General Manager Han-Chang Hsieh, who brings extensive operational expertise in scaling the company’s international manufacturing footprint across Taiwan, China, and Vietnam. The executive core is characterized by a long-standing technical pedigree, further reinforced by a strategic partnership with Mitsubishi Electric, which serves as both a major shareholder with an approximate 20% stake and a primary source of technology transfer. The leadership team is further bolstered by CFO Chin-Yi Shih, ensuring a conservative yet growth-oriented financial strategy that prioritizes long-term infrastructure contracts and strategic alliances with global automotive and energy firms.