Fortior Technology(Shenzhen) (SH:688279) 智通财经网·2025-06-22 00:08Core Viewpoint - Fengqian Technology is a chip design company specializing in the design and development of BLDC motor drive control chips, establishing a strong market position in the industry [2]. Company Overview - Fengqian Technology holds a 4.8% market share in China's BLDC motor control and drive chip market as of December 31, 2023, ranking sixth among the top ten companies, and is the only Chinese company in this group [2][5]. - The company's product offerings include all core components of typical motor drive control systems, such as motor control chips (MCU and ASIC), motor drive chips (HVIC), intelligent power modules (IPM), and power devices (MOSFET) [9]. Market Dynamics - The global BLDC motor market has grown from RMB 121.7 billion in 2019 to RMB 274.9 billion in 2023, with a compound annual growth rate (CAGR) of 22.6%. It is projected to reach RMB 626.9 billion by 2028, with a CAGR of 20.5% [6]. Financial Performance - Fengqian Technology's revenue for the fiscal years 2022, 2023, and 2024 is approximately RMB 322.973 million, RMB 411.359 million, and RMB 600.325 million, respectively, with net profits of RMB 142.001 million, RMB 174.847 million, and RMB 222.362 million [9][10]. - The gross margin slightly decreased from 53.8% in the three months ending March 31, 2024, to 52.0% in the same period of 2025, attributed to strategic adjustments and price reductions amid increased market competition [9].