Nations(SZ:300077) Zhi Tong Cai Jing·2025-12-30 00:56Company Overview - Guomin Technology Co., Ltd. is a platform-based integrated circuit design company focused on providing control chips and system solutions for various smart terminals [5] - The company has a diverse product matrix covering key areas such as consumer electronics, industrial control, digital energy, smart home, automotive electronics, and medical electronics [5] - According to Zhaoshang 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 among the top three in the global 32-bit MCU market [5][13] - The company has expanded its product offerings to include BMS chips and RF chips, which are expected to generate revenue starting in 2024 [5][6] Financial Performance - For the fiscal years 2022, 2023, and 2024, Guomin Technology reported revenues of approximately RMB 1.195 billion, RMB 1.037 billion, and RMB 1.168 billion, respectively [9] - The gross profit for the same periods was approximately RMB 426 million, RMB 18 million, and RMB 182 million, indicating a significant decline in profitability [10] - The company recorded a pre-tax loss of RMB 7.809 million in 2022, which increased to RMB 603.920 million in 2023 [12] 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% [13] - Emerging industries are expected to further expand the application range of MCUs, particularly in AI, robotics, and new energy sectors [16] - The Chinese MCU market has rapidly grown from RMB 36.8 billion in 2019 to an estimated RMB 63.3 billion in 2024, with a CAGR of 11.5% [17][20]