安凯微分析师会议-20251030

Group 1: Report Core Insights - The report focuses on the research and analysis of Ankai Micro, covering aspects such as business performance, R & D investment, product development, and market expansion [25][26][28] Group 2: Research Basic Information - The research object is Ankai Micro, and the reception time is October 30, 2025. The listed company's reception staff includes Deputy General Manager and Board Secretary Li Jinyi, and Ge Chun from the Securities Affairs Department [17] Group 3: Detailed Research Institutions - The reception object is Rhino Finance and others [20] Group 4: Main Content Materials Investor Questions and Company Responses - Question 1: The company's Q3 revenue decreased by 9.36% year - on - year, and the net loss of parent - company shareholders increased. The company replied that the price fluctuation of the IoT product line was due to fierce market competition, and the shipment volume was steadily increasing, and its market position in visual - related segments was stable [25] - Question 2: The company's R & D investment in the first three quarters exceeded 30%, and 5 new chip products were launched. The company expects that some chips will be mass - produced as early as Q4, and other chips will enter the market growth or stable shipment period next year or the year after. The specific time for product commercialization varies due to multiple factors, and no clear information can be provided [26] - Question 3: The AI glasses - related chips have entered the large - scale promotion and customer debugging stage. The company held a technology forum last week, released new AI glasses - related chips and solutions, and customers launched products based on its chips. More customer products are expected to be launched, and the specific progress depends on customer decisions. Information on orders and sales will be disclosed as required [28] - Question 4: The company's previous export ratio exceeded 60%. The company did not separately count domestic and export data for Q3, and relevant content will be disclosed in semi - annual and annual reports. The company's product expansion in Asia is effective and has a substantial impact on performance, and this region is a key area for future development [28] - Question 5: The company's net cash flow from operating activities was - 56.86 million yuan, a year - on - year increase of 24.1%. The improvement was due to measures such as strengthening cash flow forecasting and budget management and optimizing cost control. The company will continue to manage cash flow and control costs to ensure stability [29]