泰凌微分析师会议-20250530

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints of the Report - The wireless connection chip industry, especially in the Internet of Things (IoT) and smart device fields, is experiencing new growth opportunities due to the development of artificial intelligence and big data. There is an increasing demand for high - performance, low - power chips [32]. - The company's sales and profit growth will come from multiple aspects, including the continuous growth of original IoT - related businesses, high - speed growth in the audio business, and new growth from new products and applications [30][31]. 3. Summary by Relevant Catalogs 3.1 Research Basic Situation - The research object is TaiLingMicro, and the reception time is May 30, 2025. The listed company's reception staff includes the director and general manager Sheng Wenjun, deputy general manager and board secretary Li Peng, financial controller Bian Lina, and independent director Liu Ning [16]. 3.2 Detailed Research Institutions - The reception objects are investors who participated in the 2025 Q1 performance briefing through the online interaction of the Shanghai Stock Exchange Roadshow Center [19]. 3.3 Main Content Data - Performance and Revenue: In Q1 2025, the company's operating income was 23,004.63 million yuan, a year - on - year increase of 42.47%. The net profit attributable to shareholders of the listed company was 35.7123 million yuan, turning losses into profits, and the sales net profit margin was 15.52%. The revenue growth was due to the increase in shipments from major and new customers in the IoT connection and audio markets, as well as new sales from new vertical markets and new products [24][28][29]. - Business Layout: The company's main business is the R & D, design, and sales of low - power wireless IoT chips. In 2025, it will continue to expand the IOT vertical market, enter high - end game accessories, expand the smart electric vehicle market, and achieve mass shipments of WiFi products. It will also strengthen R & D in AI - related capabilities and advanced processes [24][27][30]. - Market Promotion: The company will expand overseas markets, covering the US, Europe, and the Asia - Pacific regions, enhance media coverage, participate in international exhibitions, and strengthen its position as an industry leader [24][27][28]. - Response to Rumors: The company refuted the rumor that the Q1 2025 performance increase was for the purpose of coordinating the large - fund's reduction. The performance growth was due to market recovery and the company's active exploration, consistent with the industry trend [23]. - AI Chip Development: In 2024, the company launched a new - generation chip supporting edge AI computing, which has the lowest global power consumption and will enhance its competitiveness in relevant fields [31]. - Market Value Management: The company will strengthen communication with investors, hold at least 3 online investor exchange meetings and organize at least 20 investor research activities annually. It will also balance performance growth and shareholder returns through cash dividends [26].