Core Viewpoint - The company, Nanchip Technology, is experiencing a recovery in overall terminal market demand, particularly in high-end consumer electronics, automotive, and industrial sectors, and is focusing on diversifying its product offerings and expanding its international presence while leveraging the "AI+" trend in terminal devices [1][2]. Group 1: Financial Performance - In 2024, the company achieved total operating revenue of 2.567 billion yuan, a year-on-year increase of approximately 40% [1]. - The net profit attributable to shareholders reached 307 million yuan, reflecting a year-on-year growth of 17.43% [1]. - The mobile business segment saw a revenue increase of 30.38% year-on-year, driven by growth in charging management, display power management, and lithium battery management [1]. Group 2: Product Development and Market Strategy - The company plans to strengthen its product layout in the wearable device market, with existing chip products already applied in smartwatches, TWS, and VR/AR devices [2]. - In the automotive electronics sector, revenue from power management chips is expected to grow nearly 1.8 times year-on-year, with new products being launched in various subfields [2]. - The company aims to leverage its technological innovation and consider mergers and acquisitions to accelerate business expansion in the automotive sector [2]. Group 3: International Expansion - The company is actively expanding into overseas markets, with foreign revenue increasing by approximately 60% year-on-year [3]. - It has established a presence in Singapore and South Korea, targeting high-end consumer electronics and automotive sectors [3]. - The company is also exploring opportunities for industrial mergers and acquisitions to enhance its business layout [3]. Group 4: Mergers and Acquisitions - The company has completed the acquisition of Zhuhai Shengsheng Microelectronics, with plans for ongoing integration [4]. - The acquisition involved a transaction of 160 million yuan for 100% equity of Zhuhai Shengsheng Microelectronics, which has already produced RISC-V processors and reliable power management chips [4].
南芯科技：终端市场逐步复苏 把握“AI+”终端设备发展趋势