LELON Business Summary

Lelon Electronics Corp. (2472.TW) is a premier global manufacturer of aluminum electrolytic capacitors, generating revenue primarily through the design and mass production of standard, solid polymer, and conductive polymer hybrid capacitors. As of March 2026, the company has successfully executed a strategic pivot toward high-margin sectors, with automotive electronics now representing its largest revenue segment at 36%, followed by significant growth in AI server and 5G telecommunications applications. The company maintains a vertically integrated business model through its Lelon (capacitor) and Lilon (aluminum formed foil) segments, and is currently diversifying its manufacturing base with a new facility in Chonburi, Thailand, scheduled for Q4 2026 operations. Lelon competes directly with Japanese industry leaders Nippon Chemi-Con, Nichicon, and Rubycon, as well as Taiwan’s Kaimei Electronic, positioning itself as a high-performance, cost-efficient alternative for Tier-1 global automotive and data center clients. The executive leadership is headed by Chairman and President Zhiming (Jimmy) Wu, who also serves as General Manager and has been instrumental in Lelon's transition from 3C consumer electronics to high-end industrial and automotive niches. Founded in 1976 by Wu Te-Chao, the company retains a strong family-led legacy supported by a board of directors with an average tenure of nearly ten years, including key figures such as Director Xing-Shu Ke and Special Assistant Chang Chen-Ching. Lelon’s institutional backing includes major global and domestic entities such as Pictet Asset Management and Union Securities Investment Trust, which provide a stable capital foundation for its ongoing R&D in miniaturization and high-voltage capacitor technology. This leadership team’s focus on supply chain resilience and "China+1" diversification continues to drive the company’s competitive standing in the global passive component market.