【私募调研记录】睿亿投资调研聚辰股份

Group 1 - The core viewpoint of the news highlights the recent research conducted by the well-known private equity firm Ruiyi Investment on a listed company, focusing on the operational performance of Jucheng Co., Ltd. in the first quarter of 2025 [1] - Jucheng Co., Ltd. offers a full range of automotive-grade EEPROM products, which are widely used in four major systems: intelligent cockpit, three electric systems, visual perception, and chassis transmission [1] - Although the revenue from automotive-grade EEPROM accounts for nearly 10% of the company's total revenue, the global market share remains low, indicating significant room for growth [1] Group 2 - The company is actively expanding into overseas markets such as Europe, the United States, South Korea, and Japan, successfully introducing products to several leading global automotive electronic Tier 1 suppliers, resulting in rapid growth in sales and revenue [1] - The average usage of EEPROM per vehicle was 5-6 units in 2013, and it is expected that some new energy vehicles will exceed 40 units by 2024, indicating a continuously growing market size [1] - Additionally, the demand driven by Windows 11 and IPC is creating greater opportunities for the expansion of the SPD business [1]