Maxic Technology(SH:688458) Zhong Guo Jing Ji Wang·2025-04-30 01:57Core Viewpoint - Meixinsheng (688458.SH) is experiencing significant growth in its optical sensor business, with a projected revenue increase of 527.78% in 2024, reaching 69.1389 million yuan, accounting for over 17% of total revenue, driven by rising demand in various sectors such as smart terminals, smart cars, and smart homes [2][4][7]. Group 1: Financial Performance - In Q1 2025, Meixinsheng reported a revenue of 125 million yuan, an increase of 30.47 million yuan or 32.18% year-on-year, and achieved a net profit of 3.6711 million yuan, marking a turnaround from losses [3][5]. - The gross margin for Q1 2025 was 38%, up approximately 16 percentage points year-on-year, attributed to the growth in optical sensors and wireless charging products [3][5]. Group 2: Product Development and Market Position - The company has successfully launched a laser ranging chip based on single-photon time-of-flight technology, which is widely applicable in high-precision measurement scenarios across various industries [4][6]. - Meixinsheng is expanding its product matrix in the optical sensor field, including optical tracking sensors and DToF chips, which have been validated by leading companies in the smart home and consumer electronics sectors [6][8]. Group 3: Strategic Direction and Market Trends - The company is embracing AI technology integration as a core strategic direction to enhance product offerings and user experience, aiming to provide smarter and more efficient solutions [9][10]. - The global optical sensor market is projected to grow from 19.52 billion USD in 2023 to approximately 51.21 billion USD by 2032, with a compound annual growth rate of 11.5% from 2024 to 2032, indicating a favorable market environment for Meixinsheng's growth [5].