国产GPU应用生态建设

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景嘉微:银河自营、信达澳亚等多家机构于6月19日调研我司
Zheng Quan Zhi Xing· 2025-06-23 01:40
Company Overview - The company, Jingjia Micro, focuses on information detection, processing, and comprehensive applications, providing high-quality and reliable products and solutions. Its main business involves the research, production, and sales of high-reliability electronic products, particularly in the fields of graphics display control, specialized radar, and chips [2] - The company has a strong emphasis on product research and development, particularly in the design of graphics processing chips, with successful industrialization of series chips like JM5400, JM7200, JM9, and JM11 [2] - The company is expanding its product applications into AI computing and scientific computing with the development of high-performance intelligent modules and complete products [2] Market Promotion and Product Development - The JM11 series graphics processing chip is designed for cloud applications and high-performance rendering scenarios, supporting various operating systems and devices [2] - The company is actively promoting the JM11 chip in the market, although business effects may be uncertain due to market demand and other factors, which are not expected to significantly impact company performance [3] - The company is advancing two key projects: the development and industrialization of high-performance GPU chips and the establishment of an advanced GPU architecture research center [4] Radar Technology and Product Strategy - The company has a technological advantage in the specialized radar field, having developed various radar products to meet diverse customer needs [5] - The company is transitioning from module-level products to system-level products, with a focus on both specialized and general markets, including the successful development of portable anti-drone radar [5] - The radar project is currently in the market promotion phase, with similar uncertainties regarding business effects as seen in the chip sector [5] Talent and Strategic Planning - The company's R&D team is well-structured, primarily composed of personnel with master's and doctoral degrees, emphasizing talent development and recruitment [6] - Future strategic plans include continuous investment in R&D, implementing a "dual-wheel drive" strategy to enhance product competitiveness and explore new growth points [8] - The company aims to strengthen its GPU product line, focusing on applications in artificial intelligence and expanding its radar market presence [8] Financial Performance - In Q1 2025, the company reported a main revenue of 102 million yuan, a year-on-year decrease of 5.46%, and a net profit attributable to shareholders of -54.85 million yuan, a decline of 375.5% [8] - The company's gross margin stands at 32.37%, with a debt ratio of 6.36% [8] Analyst Ratings and Forecasts - Over the past 90 days, three institutions have rated the stock, with two buy ratings and one hold rating, and the average target price is 79.81 yuan [9] - Detailed profit forecasts indicate varying net profit predictions for 2025 to 2027, with estimates ranging from 16.99 million yuan to 2.35 billion yuan [10]
景嘉微(300474) - 300474景嘉微投资者关系管理信息20250620
2025-06-20 10:28
Company Overview - Changsha Jingjia Microelectronics Co., Ltd. focuses on information detection, processing, and comprehensive applications, providing high-quality and reliable products and solutions [1] - The company specializes in the R&D, production, and sales of high-reliability electronic products, with core businesses in graphics display control, small specialized radar, and chip fields [1][2] Product Development and Market Position - The JM11 series graphics processing chips cater to cloud applications and high-performance rendering scenarios, supporting major operating systems [3] - The company is advancing its "high-performance chip R&D and industrialization" and "general GPU advanced architecture R&D center" projects [3][4] - The company has successfully developed portable anti-drone radar, which is currently in the market promotion phase [4] R&D and Talent Strategy - The R&D team is primarily composed of personnel with master's and doctoral degrees, emphasizing talent development and recruitment to enhance the team's capabilities [4] - The company adheres to a "dual-wheel drive" strategy, focusing on product management and seeking new growth points in both specialized and general markets [4] Future Strategic Planning - In the coming years, the company will continue to invest in R&D, enhance product competitiveness, and expand applications in artificial intelligence [4] - The company aims to strengthen its market presence in small specialized radar by enhancing product delivery and expanding market outreach [4]