DEPO AUTO PARTS INDUSTRIAL Business Summary

DEPO Auto Parts Industrial Ltd (6605.TW) operates a vertically integrated manufacturing model specializing in automotive lighting systems, primarily generating revenue through the high-volume production and global distribution of aftermarket (AM) replacement lamps. The company’s business is segmented into its dominant Aftermarket division, which offers an extensive catalog of over 40,000 SKUs, and its expanding Original Equipment (OE) division that supplies major global automakers including BMW, Audi, and Ford. Revenue is driven by transaction-based sales to a network of distributors across more than 100 countries, supported by a competitive cost structure and rigorous quality certifications such as CAPA and NSF. DEPO’s primary direct competitors include TYC Brother Industrial, Tong Yang Industry, and global tier-1 suppliers like Hella and Marelli; within this peer group, DEPO maintains a leading market position as one of the world’s largest and most diversified providers of independent aftermarket lighting solutions. The company was founded in 1977 by current CEO and General Manager Hsu Shiu-Min, who transformed a small workshop into a global industrial leader. The leadership team is anchored by Chairman Hsieh Hsiu-Chi, while the next generation of leadership is represented by Tyler Hsu, who serves as a key executive overseeing the strategic expansion of the European OEM business. The executive team is characterized by deep technical expertise in optical engineering and plastic injection molding, reflecting the company's roots in Lukang, Taiwan. As a publicly traded entity on the Taiwan Stock Exchange, DEPO’s board includes representatives from major institutional shareholders such as Jian Song Investment and Shang Ming Investments, ensuring a balance of family-led vision and professional corporate governance.