Bestechnic (Shanghai) (SH:688608) Xin Lang Cai Jing·2025-07-26 04:27Core Viewpoint - Hengxuan Technology focuses on the design and development of low-power wireless computing SoC chips, with significant growth in revenue and customer base for its wearable chips, particularly the BES2800 series, which is expanding into smart glasses and low-power Wi-Fi markets [1][3] Group 1: Company Performance - In 2024, the company's revenue is expected to grow by 116% year-on-year, reaching 1.045 billion yuan, with a shipment volume exceeding 40 million units [1] - The BES2800 series chip serves as the flagship wearable platform, enhancing applications in smart glasses and low-power Wi-Fi, moving towards becoming a platform chip company [1][3] Group 2: Technological Advancements - The BES2800 chip, built on a 6nm FinFET process, integrates multi-core CPU/GPU, NPU, large storage, low-power Wi-Fi, and dual-mode Bluetooth, significantly improving performance and power efficiency [1] - The chip supports health algorithms for heart rate and blood oxygen monitoring, achieving over 20 days of battery life through dynamic power management technology [1] Group 3: Product Applications - The BES2800-based smart glasses solution features integrated audio input/output for lightweight model operation and low-power dual-mode Wi-Fi/BT for responsive online voice AI needs, enhancing user experience with longer wear times [2] - The BES2800 platform supports high-bandwidth, low-latency audio transmission, meeting the demands of professional audio equipment, and surpassing traditional Bluetooth audio transmission capabilities [2] Group 4: Future Projections - The company is expected to achieve revenues of 4.705 billion, 6.067 billion, and 7.621 billion yuan in 2025, 2026, and 2027 respectively, with net profits of 884 million, 1.245 billion, and 1.685 billion yuan [3]