Zheng Quan Zhi Xing·2025-07-31 10:13Core Viewpoint - Longxin Co., Ltd. is positioned as a leading domestic player in the high-definition video chip market, with growth potential in automotive and AR sectors [1][3]. Group 1: Company Overview - Longxin Semiconductor, established in 2006, focuses on the research and sales of high-speed mixed-signal chips, with products used in various fields including automotive electronics and AR/VR [1]. - The company has a strong client base, including major firms like Foxconn and Qualcomm, and is actively expanding its product offerings [1]. Group 2: Market Position and Growth - Longxin holds a 4.2% share of the global HD video bridge chip market, ranking first among domestic companies, and a 0.9% share of the global high-speed signal transmission chip market, ranking second domestically [3]. - The automotive sector is projected to grow significantly, with the market for automotive SerDes chips expected to increase from $14 million in 2023 to $60 million by 2030, reflecting a CAGR of 23% [3]. - The AR/VR market is also anticipated to grow, with projections indicating an increase from $15.2 billion in 2024 to $39.7 billion by 2029, achieving a CAGR of 21% [3]. Group 3: Financial Projections - Longxin is expected to achieve revenues of 470 million yuan in 2024, a 44% increase year-on-year, and a net profit of 140 million yuan, a 41% increase [1]. - Future revenue projections for 2025, 2026, and 2027 are 700 million, 1.02 billion, and 1.38 billion yuan respectively, with corresponding net profits of 210 million, 310 million, and 430 million yuan [4].