Group 1: AI High-Speed Data Transmission Products - The company is actively developing high-speed data transmission chips for AI, edge computing, and advanced communication, with PCIe expected to become a new growth point [1] - Since 2025, the company has made significant progress in the research and development of protocols such as DP2.1, USB, and PCIe, with some projects entering the tape-out stage [1] Group 2: Automotive Electronics - In 2024, the company established an automotive division focusing on automotive entertainment systems, cockpit displays, HUD, and automotive SerDes solutions [2] - The automotive SerDes chip group successfully completed tape-out in 2023, with a general high-speed signal extension chip based on single-channel 12.5Gbps SerDes technology achieving domestic application in the 5G communication field [2] - The company is expanding its automotive AI application scenarios, moving from single cockpit platform adaptation to multi-platform adaptation, increasing the coverage of models and customers [2] Group 3: Traditional Bridging Business - The company has become a global leader in high-speed mixed-signal chip research and production, ranking sixth globally in sales and market share of high-definition video bridging chips [2] - For the first three quarters of 2025, the company achieved revenue of 389 million yuan, a year-on-year increase of 16.67%, and a net profit attributable to shareholders of 125 million yuan, a year-on-year increase of 32.47% [2] Group 4: Future Outlook - The company is continuously expanding and improving its product line for high-definition video bridging and processing chips, with new products in the edge AI video bridging chip sector expected to achieve mass shipments in the second half of 2025 [3] - Revenue projections for the company from 2025 to 2027 are 705 million yuan, 1.119 billion yuan, and 1.450 billion yuan, respectively, with net profits of 206 million yuan, 342 million yuan, and 428 million yuan [3] - The company’s new products in SerDes and PCIe are progressing well and are expected to contribute to incremental growth [3]