纳芯微制定新战略：从中国，到全球

Core Viewpoint - Naxin Micro's listing on the Hong Kong stock market marks a significant step in its global expansion strategy, aiming to integrate China's industrial advantages with global resources to become an international chip enterprise [1][18]. Group 1: Company Background and Strategy - Naxin Micro, founded in 2013, chose to enter the sensor signal conditioning chip market, avoiding the saturated competition of low-cost alternatives to foreign giants, which has allowed it to establish a foothold in the chip market [3]. - The company shifted its focus in 2015 towards industrial and automotive sectors, avoiding homogeneous competition and fostering growth through innovative product strategies [4]. - Naxin Micro aims to leverage its Hong Kong listing to attract global talent, deepen strategic partnerships, and enhance service to global customers, transitioning from a local to a global player [1][18]. Group 2: Product Development and Market Position - Naxin Micro's product offerings have expanded significantly, with the number of saleable part numbers increasing from over 800 in 2021 to over 4,000 by Q3 2025, indicating robust product development and market growth [7]. - The automotive sector has become a key growth driver, with Naxin Micro's chips being used in approximately 40 to 50 units per electric vehicle, contributing to a significant revenue stream [8]. - Financial data shows that Naxin Micro leads in growth among the top five domestic analog chip companies, with a revenue increase of over 70% year-on-year for Q1-Q3 2025, even excluding contributions from acquisitions [8]. Group 3: Innovation and R&D Capabilities - Naxin Micro emphasizes joint innovation with clients, focusing on developing next-generation products based on industry trends rather than merely replacing imported chips [9]. - The company has established a comprehensive R&D process aligned with industry best practices, enabling rapid product line expansion and innovation [10]. - Naxin Micro has invested in various technological advancements, including differentiated process technologies, platform-based circuit designs, and specialized packaging solutions to enhance product performance and meet market demands [10][11][12][13]. Group 4: Global Expansion Strategy - Naxin Micro's "three-step" global development strategy includes local for local, local for global, and global for global, aiming to enhance brand exposure and operational capabilities through its Hong Kong listing [19][22]. - The company plans to establish its Hong Kong office as the overseas operations and sales headquarters, facilitating a streamlined supply chain and logistics for international clients [18][22]. - Future plans include setting up a research and development center in Hong Kong to attract overseas talent and support the company's growth [23]. Group 5: Organizational Development and Future Goals - Naxin Micro recognizes the need to enhance its organizational capabilities to surpass the $1 billion revenue threshold, focusing on building a systematic organizational structure and empowering lower-level employees [25][27]. - The company aims to transition from founder-driven to a more structured organization, ensuring sustainable growth through improved core capabilities and talent development [28].