Core Viewpoint - Nanchip Technology (stock code: 688484) has launched a new high-integration multi-port mobile power supply solution, which includes discrete protocol chips SC2006A & SC2007A, as well as a three-in-one SoC solution SC2016A & SC2017A, covering a full power range of 22.5W-140W, supporting various application scenarios [1][3]. Market Overview - The mobile power supply market is expanding due to the increasing popularity and intelligence of mobile electronic devices, with the market size in China expected to reach $1.046 billion in 2024, accounting for over 30% of the global market [3]. - The demand for integrated charging solutions is rising, leading to the introduction of products that support multi-port charging, wired and wireless compatibility, and higher power supply for laptops [3]. Product Features - The SC2006A and SC2007A chips are designed for complex scenarios requiring customized logic, supporting various fast charging protocols and ensuring system stability through multiple protection mechanisms [4][9]. - The SC2016A and SC2017A SoC solutions integrate PD, MCU, and Charger, simplifying system design for applications below 100W [7][11]. Safety and Compliance - Starting from August 2024, China will implement mandatory 3C certification management for mobile power supplies to ensure safety and reliability standards are met [3]. - Nanchip Technology's products are designed to help clients achieve 3C certification while enhancing product integration and safety features [3][11]. Cost Efficiency - The SC2006A and SC2007A chips utilize an ARM Cortex M0 core, providing ample MCU resources at minimal cost, and support low standby current of 10μA in shipping mode [4][9]. - These chips are optimized for cost-effectiveness while maintaining high performance and safety standards [4][11].

Core Viewpoint - The company, Yingjixin (688209), reported strong financial performance in 2024 and Q1 2025, driven by growth in the consumer electronics market and emerging business sectors [2][3]. Financial Performance - In 2024, the company achieved operating revenue of 1.431 billion yuan, a year-on-year increase of 17.66%, and a net profit attributable to shareholders of 124 million yuan, up 323.00% from the previous year [2][3]. - For Q1 2025, the company reported operating revenue of 306 million yuan, a 17.25% increase year-on-year, and a net profit of 19.6391 million yuan, reflecting a 395.62% growth compared to the same period last year [2][3]. Product Development and Market Position - The company has established a leading position in the power management and fast charging protocol markets, with continuous growth in fast charging chip business [4][5]. - Future product development will focus on lithium battery applications, low-power IoT, new energy, automotive electronics, smart audio processing, and smart home solutions [4][5]. R&D Investment - In 2024, the company invested 303 million yuan in R&D, accounting for 21.15% of its operating revenue, while in Q1 2025, R&D investment was 74.0804 million yuan, representing 24.19% of operating revenue [2][3]. Dividend Policy - For the fiscal year 2024, the company plans to distribute a cash dividend of 0.90 yuan per 10 shares (tax included) to all shareholders, without capital reserve conversion or bonus shares [5]. Market Activity - Recent financing data indicates a net inflow of 335 million yuan in margin trading over the past three months, with an increase in financing balance [6].