Actions(SH:688049)2023-08-23 16:00Financial Performance - The company reported a significant increase in revenue for the first half of 2023, with a total revenue of 500 million, representing a 25% year-over-year growth[1]. - The company achieved operating revenue of 219.30 million yuan, a year-on-year increase of 3.23%[24]. - The company achieved a net profit attributable to shareholders of RMB 24.70 million, a year-on-year decrease of 31.47%[26]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion CNY for the first half of 2023, representing a 25% year-over-year growth[120]. - The company reported a net profit of ¥151.19 million from its wholly-owned subsidiary Hefei Juxin, with total assets of ¥150,651.50 million[103]. - The company reported a net profit for the first half of 2023 was CNY 24,702,968.39, down 31.5% from CNY 36,044,817.98 in the first half of 2022[170]. User Growth and Market Expansion - User data indicates that the active user base has grown to 1.2 million, an increase of 15% compared to the previous period[1]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2024[1]. - User data showed a growth in active users, reaching 10 million, which is a 15% increase compared to the previous year[120]. - Market expansion plans include entering two new international markets by Q4 2023, aiming for a 10% market share in each[120]. Research and Development - Research and development expenses have increased by 30%, reflecting the company's commitment to advancing its technology[1]. - The R&D investment accounted for 33.76% of operating revenue, an increase of 6.27 percentage points year-on-year[25]. - Research and development expenses increased significantly to ¥74,035,525.54, representing a rise of 26.8% compared to ¥58,394,294.44 in the previous year[169]. - The company is investing heavily in R&D, with an allocation of 200 million CNY for new technology development in 2023[120]. - The company has a strong R&D team with 225 personnel, accounting for 70.09% of total employees, and R&D expenses reached RMB 74.04 million, representing 33.76% of revenue[65][68][71]. Product Development and Innovation - New product launches are expected to contribute an additional 100 million in revenue, with a focus on innovative chip technologies[1]. - The company plans to integrate low-power AI acceleration engines into its product lines, transitioning to a three-core heterogeneous AI computing architecture[33]. - The company has launched the ATS303X wireless gaming headset chip and the ATS302X Bluetooth headset chip, both of which are now in mass production[52]. - The company is developing a new generation of high-performance Bluetooth audio chips and dedicated audio DSP processing chips, which are currently in the R&D phase[74]. - The company has developed a low-latency high-quality audio technology with an SNR of 120dB and end-to-end latency below 10ms, positioning itself at the forefront of the industry[66]. Financial Guidance and Outlook - The company has provided a positive outlook for the second half of 2023, projecting a revenue growth of 20% to 30%[1]. - Future guidance includes a focus on sustainable practices, with a goal to reduce carbon emissions by 15% by 2025[1]. - The company provided guidance for the next quarter, expecting revenue to be between $520 million and $550 million, indicating a potential growth of 4% to 10%[132]. Risks and Challenges - The company has identified potential risks related to supply chain disruptions and is implementing measures to mitigate these risks[1]. - The company faces significant risks from high customer concentration, with major clients potentially impacting performance if they reduce or terminate purchases[83]. - The company is exposed to raw material supply risks, as it relies on external suppliers for wafer manufacturing and packaging, which could affect production if costs rise or supply is constrained[84]. - The company faces risks related to core technology leakage and talent retention, which could impact its competitive edge and R&D capabilities[79]. Corporate Governance and Compliance - The company has undergone changes in its board and supervisory personnel, with new appointments made during the reporting period[108]. - The company has committed to not transferring or managing shares for 36 months post-IPO, with a lock-up period extension of 6 months if certain conditions are met[119]. - The company will ensure that any stock transfer by directors or senior management complies with legal and regulatory requirements[122]. - The company has committed to a profit distribution policy that ensures reasonable returns for investors, adhering to the cash dividend policy outlined in regulatory documents[129]. Environmental and Sustainability Initiatives - The company is committed to continuous innovation and improvement of existing technologies to enhance product application design capabilities[45]. - The company has implemented carbon reduction measures, promoting energy-saving practices and introducing a battery-free Bluetooth voice remote control solution based on the ATB111X chip[116]. - The company emphasizes environmental protection and sustainable development in its operations[116].