Core Viewpoint - Juchen Semiconductor Co., Ltd. has returned to a growth trajectory, achieving a record high revenue of 1.028 billion yuan in 2024, marking a year-on-year increase of 46.17% and a net profit of 290 million yuan, up 189.23% from the previous year [1] Group 1: Financial Performance - In 2024, the company's revenue surpassed 1 billion yuan for the first time, reaching 1.028 billion yuan, with a significant year-on-year growth of 46.17% [1] - The net profit attributable to shareholders was 290 million yuan, reflecting a remarkable increase of 189.23% year-on-year [1] Group 2: Product and Market Development - Juchen Semiconductor focuses on integrated circuit products, with three main product lines: storage chips, voice coil motor driver chips, and smart card chips, widely used in memory modules, smartphone camera modules, and automotive electronics [2] - The company has seen a 57.74% year-on-year increase in revenue from storage chip products in 2024, while revenue from smart card chips decreased by over 30% to approximately 37.27 million yuan [2] - The automotive-grade EEPROM and NOR Flash businesses are experiencing rapid growth, contributing significantly to revenue expansion and profitability [2] Group 3: International Market Performance - The company's overseas market revenue grew by 72.41% year-on-year to 559 million yuan, while domestic market revenue increased by 23.71% to 469 million yuan [4] - The growth in the overseas market is attributed to the alleviation of supply shortages for automotive-grade EEPROM chips and the restoration of stable supply from competitors [4] - Juchen Semiconductor is expanding in key overseas markets such as the United States, South Korea, and Japan, with automotive-grade EEPROM products being adopted by leading global automotive electronics Tier 1 suppliers [4] Group 4: Industry Trends - The increasing penetration of automotive electronics driven by electrification, intelligence, and connectivity trends is expected to further boost the market size for automotive-grade EEPROM [5] - The company plans to continue technological upgrades and product iterations to enhance its technical accumulation and product layout in the automotive-grade EEPROM sector [5]

Core Viewpoint - The article discusses the "New Four Modernizations Index" for passenger vehicles in China, which aims to monitor the development of the domestic passenger car market in terms of electrification, intelligence, and connectivity, and to predict future trends based on historical data [1][6]. Summary by Sections New Four Modernizations Index - The New Four Modernizations Index consists of three sub-indices: Electrification Index, Intelligence Index, and Connectivity Index [4][8]. - As of January 2025, the overall New Four Modernizations Index is 48.0, with the Electrification Index at 41.5, the Intelligence Index at 4.3, and the Connectivity Index at 26.1 [2][9]. Recent Trends - The Electrification Index of 41.5 in January 2025 is the lowest level in the past 10 months [4]. - The Intelligence Index remains stable at 4.3 compared to the previous month [5]. - The Connectivity Index has slightly decreased compared to the previous month [9]. Market Performance - In January 2025, retail sales of passenger vehicles reached 1.794 million units, a year-on-year decline of 12.1% and a month-on-month decline of 31.9%. However, the retail sales of new energy vehicles increased by 10.5% year-on-year, totaling 744,000 units, despite a month-on-month decline of 42.9% [6]. - The overall market performance is affected by the Spring Festival holiday, leading to a noticeable decline in various indices, except for the Intelligence Index [6]. Future Outlook - The article suggests that with the launch of more significant new energy models and the performance of popular models, the indices are expected to rebound to last year's high levels and potentially set new records in the coming months [6].