Anlogic(SH:688107) Zheng Quan Shi Bao Wang·2025-04-25 16:00Core Insights - Anlu Technology (688107) reported a revenue of 652 million yuan for 2024, achieving a year-on-year product sales growth of 46.14% despite challenges in the global semiconductor industry and inventory pressures in end markets [2] Group 1: Business Performance - The company expanded its market presence by deepening existing operations and actively pursuing new markets, achieving significant breakthroughs in various application scenarios [2] - Anlu Technology's product applications have expanded into traditional sectors like industrial, audio-visual broadcasting, data centers, and consumer electronics, while also entering new fields such as machine vision, smart manufacturing, smart healthcare, and high-end displays [2] - The automotive FPGA ecosystem has been enhanced, with automotive-grade chips being applied in electronic rearview mirrors and LiDAR, contributing to revenue growth [2] Group 2: Research and Development - In 2024, the company's R&D expenses totaled 364 million yuan, laying a solid foundation for future value release [3] - The R&D team grew to 452 members, with 63.5% holding master's or doctoral degrees, and core members averaging over ten years of experience [3] - Anlu Technology has applied for a total of 440 intellectual property rights, including 246 invention patents, and has received 286 authorizations, with 103 being invention patents [3] Group 3: Product Innovation - The company launched a 100G MAC solution and innovative communication solutions based on Gigabit Ethernet, LAN, WAN, and optical communication, enhancing flexibility and reliability [4] - Anlu Technology is advancing new product development and laying the groundwork for next-generation technology research, focusing on RISC-V FPGA ecosystems and emerging fields like humanoid robotics and industrial automation [4] Group 4: Operational Efficiency - The company improved operational efficiency and product quality through digital upgrades and lean management, resulting in a 52.28% year-on-year reduction in FPGA product inventory [5] - Anlu Technology optimized customer management and cost analysis systems, enhancing operational efficiency and market responsiveness [5] - The company aims to strengthen its core technology barriers and diversify its product matrix, focusing on high-quality FPGA/FPSoC chip development and solutions for emerging application scenarios [5]