从去年开始，越来越多的芯片人开始把目光投向海外市场。在技术创新与本土竞争趋于白热化的背 景下， "出海" 成为产业升级与持续增长的新选项。 但芯片人想要做到真正出海并不容易，背后需要对终端市场、区域法规、技术趋势与产业节奏的真 正理解，真正看清趋势、理解产业、建立链接，比 "走出去"本身更重要。 因此， 9 月 4 日至 9 月 14 日 ，芯片超人决定开启 "挖掘欧洲电子领域芯动向" 德国商 务考察活动 ，实地走访德国 柏林、莱比锡、德累斯顿、斯图加特以及慕尼黑 五个城市，重点聚 焦 全球两大顶级展会： IFA 柏林国际消费电子和家电产品展览会 与 IAA 德国国际汽车及 智慧出行博览会 （简称"慕尼黑车展"） ，带大家一起走进欧洲电子产业的最前沿，实地理解消 费电子与汽车电子的真实需求与发展方向。 IFA ，源于 1924 年，作为 世界上规模和影响力最大的国际视听及消费类电子产品展览会之一 ，上一届 IFA 吸引了 1800 多家展商，以及来自 138 个国家的 21 万多名观众。人工智能是本 届 IFA 的重要主题之一，本次展会是观察 AI+ 硬件趋势是观察 AI+ 硬件趋势与 C 端应用动向的 重要 ...

Summary of the Conference Call for ZhiZi City Technology Company Overview - ZhiZi City Technology derives 91% of its revenue from social networking for diverse and general populations, with general population social networking being the core business. Products include MICO, YOHO, TopTop, and Sogou. [2][3] - The company has achieved a compound annual growth rate (CAGR) of 67% over the past five years, with an adjusted EBITDA of 50%. [2][3] Financial Performance - Revenue guidance for the year has been raised from 6.5 billion to 6.8-7.1 billion, with a year-on-year growth rate expected to increase from 30% to 35%-40%. [4][12] - In 2024, revenue from the Middle East and North Africa (MENA) is projected to grow approximately 66%, with Sogou's revenue increasing by about 200% and profits exceeding 400%. [2][3] - The company reported a revenue growth of about 54% in 2024, with a net profit margin of 4%. [9] Market Dynamics - The MENA market is a significant growth engine for ZhiZi City Technology, with a projected CAGR of 20.7% over the next five years. [5] - The region has a youthful demographic, with 70% of the population under 35 years old, and high GDP per capita, leading to strong online social networking demand. [5] Product and Innovation Highlights - The innovative business segment includes casual mobile games, traditional traffic monetization, and social e-commerce. The self-developed game Alice Dream has generated over $8 million in monthly revenue as of September 2023. [6][28] - The LGBTQ social networking market is expected to reach 660 million by 2026, characterized by high education and income levels. [7] Strategic Initiatives - The company plans to continue expanding its overseas market presence and explore strategic entry into emerging markets, including potential acquisitions. [4][8] - ZhiZi City aims to replicate the success of Alice Dream to empower new products and create more long-lifecycle hits. [4][8] Competitive Landscape - The competitive landscape for general population social networking remains stable, with flagship products like MICO ranking in the top three in live streaming. [15] - TikTok is a major player in the live streaming space, but ZhiZi City primarily focuses on social networking, with limited overlap. [16] Future Growth Outlook - The company anticipates continued growth in both general and diverse population social networking, with plans to launch two additional casual mobile games in the second half of the year. [28] - The company has a robust pipeline of 5 to 6 products in incubation, with 1 to 2 showing significant potential. [21] Shareholder Returns - ZhiZi City prioritizes investment in its core business while actively seeking acquisition opportunities. The company has repurchased nearly 200 million HKD worth of shares this year and plans to repurchase a total of 400 million HKD over the next two years. [29]