芯导科技分析师会议-20250701

Group 1: Research Basic Information - The research object is Xindao Technology, belonging to the semiconductor industry, and the reception time was on July 1, 2025. The listed company's reception staff included Director and Deputy General Manager Chen Min, Financial Controller and Board Secretary Lan Fangyun, and Securities Affairs Representative Min Yuqi [17] Group 2: Detailed Research Institutions - The reception object type is securities company, and the institution is Zhongyou Securities, with 2 related personnel [20] Group 3: Main Content - M&A Strategy: The company focuses on high - quality resources with high synergy in technology, products, and business at the company's overall strategic layout, and targets related assets in automotive electronics, wind, solar, energy storage, and charging application fields. It will actively explore investment and M&A opportunities, integrate industrial chain resources, and optimize the industrial layout [24] - Maintaining Gross Margin Stability: The company continuously updates and iterates products according to customer needs, optimizes supply - chain resources, maintains long - term strategic partnerships, controls costs, and adopts a reasonable pricing strategy to keep the gross margin stable [24] - Product Structure: The company's products mainly include power devices (TVS/ESD, MOSFET, Schottky, etc.) and power ICs (power management ICs), with TVS/ESD products having a relatively high proportion [26] - Product Application Fields: The company's products are used in consumer electronics, network communication, security, industry, automotive, energy storage and other fields. Due to some ODM and OEM customers, it is difficult to split the downstream market proportion [26]