集成电路行业：MEMS惯性传感器专题报告-大浪淘沙始见金，关注MEMS惯性传感器产业链优质标的

Investment Rating - The report maintains an "Outperform" rating for the MEMS inertial sensor industry [2]. Core Insights - The MEMS inertial sensor industry chain is divided into upstream components (design, production, packaging, calibration testing), midstream modules, and downstream systems and applications. The core inertial components are essential for midstream inertial module manufacturers, primarily used for measuring and feedback of object motion [2][7]. - The report emphasizes the importance of MEMS gyroscopes and accelerometers, with magnetic sensors being secondary. It suggests focusing on high-quality targets in the design, production, and testing segments of the industry [2][10]. - Key investment opportunities include companies like Chipon Technology (688582.SH) and Minghao Sensor (A23224.SH) in the MEMS gyroscope and accelerometer sectors, and Canray Technology (688061.SH) in the magnetic sensor field [2][15]. Summary by Sections 1. MEMS Inertial Sensor Industry Chain and Related Companies - The MEMS inertial sensor industry chain includes upstream components, midstream modules, and downstream systems. The core components are crucial for inertial navigation systems and applications in various fields such as consumer electronics, tactical, navigation, and strategic levels [7][10]. - The report identifies key players in the design segment, including Chipon Technology and Minghao Sensor, and highlights the need to monitor their market progress [10][15]. 2. Investment Recommendations - The report recommends focusing on Chipon Technology and Minghao Sensor for MEMS gyroscopes and accelerometers, and Canray Technology for magnetic sensors. It also suggests keeping an eye on companies like Saimicro Electronics (300456.SZ) for production opportunities [2][15]. 3. Company Performance and Financials - Chipon Technology reported a revenue of 1.97 billion yuan in 2022, with MEMS gyroscopes and accelerometers accounting for 86.78% of total revenue. Minghao Sensor's revenue from MEMS accelerometers was 1.95 billion yuan, representing 98.48% of its total revenue [15][22]. - The report notes that Chipon Technology has shown stable revenue and profit growth, making it a strong candidate for investment in the MEMS sector [18][22].