Xin Lang Cai Jing·2025-09-17 07:58Core Insights - The company, Chanzan Optoelectronics, held a roadshow on September 17, engaging with seven institutions to discuss its operational status and business highlights [1] Group 1: Strategic Adjustments - MicroTouch, a brand under Chanzan, has undergone significant strategic adjustments, shifting from a "channel-focused" to a "product-focused" approach, leading to rapid revenue growth and increasing contribution [2] Group 2: Customer Structure - The top ten customers of Chanzan contributed nearly 70% of the revenue in the first half of 2025, indicating a diversified customer base primarily consisting of leading companies from various industries in Europe and the U.S. [3] Group 3: Automotive Display Business - Chanzan plans to enhance its automotive display segment by developing new products and applications, focusing on the "China + U.S." markets, with multiple vehicle models already in mass production by 2025 [4] Group 4: Financial Performance - The company has maintained an average dividend payout ratio exceeding 45% over the past three years, with a consolidated gross margin above 25% and commercial display business gross margin exceeding 30% [5] Group 5: AI Technology Development - Chanzan has developed technical reserves in AI, including designs for AI CPU motherboards and camera integration, and will closely monitor market opportunities as AI applications expand [6]