Nations(SZ:300077) Zhi Tong Cai Jing·2025-12-30 00:46Company Overview - Guomin Technology Co., Ltd. (国民技术) is a platform-based integrated circuit design company focused on providing control chips and system solutions for various smart terminals [5] - The company has established a diverse product matrix with applications in consumer electronics, industrial control, digital energy, smart home, automotive electronics, and medical electronics [5] - According to Zhaosheng Consulting, Guomin Technology ranks among the top five Chinese companies in the global platform-based microcontroller unit (MCU) market by revenue in 2024, and is ranked first in the Chinese MCU market for embedded commercial encryption algorithm modules [5][12] Financial Performance - The company reported revenues of approximately RMB 1.195 billion, RMB 1.036 billion, RMB 1.168 billion, and RMB 958 million for the fiscal years 2022, 2023, 2024, and the nine months ending September 30, 2025, respectively [8] - Gross profits for the same periods were approximately RMB 426 million, RMB 18 million, RMB 182 million, and RMB 183 million [9] - The company has experienced fluctuations in gross profit margins, with margins of 35.6%, 1.7%, 15.6%, and 19.1% for the respective years [10] Industry Overview - The global MCU market is projected to grow from USD 19.8 billion in 2019 to USD 29.9 billion by 2024, with a compound annual growth rate (CAGR) of 8.6% [12] - Emerging industries are expected to further expand the application range of MCUs, with the global MCU market for edge AI applications anticipated to grow from USD 70 million in 2024 to USD 270 million by 2029, reflecting a CAGR of 31.0% [15] - The Chinese MCU market has rapidly developed from RMB 36.8 billion in 2019 to RMB 63.3 billion in 2024, with a CAGR of 11.5%, and is expected to continue growing at a CAGR of 12.0% to reach RMB 111.4 billion by 2029 [16][19]