Core Viewpoint - Ankai Micro (688620) is advancing its "technology-driven + product innovation" strategy in 2024, achieving significant progress in AI edge chip capabilities and low-power communication applications, with a reported revenue of 527 million yuan and a 19.55% increase in R&D investment to 133 million yuan, representing 25.24% of revenue [1] Group 1: AI Chip Development - In 2024, Ankai Micro focuses on AI as its core technology, enhancing multimodal processing and edge intelligence algorithms, culminating in the release of the second-generation Kongming chip with 2 TOPS computing power and 4K resolution support [2] - The company has developed over ten lightweight AI algorithm models, including voice noise reduction and live detection, while optimizing model parameters for efficient inference in various applications [2][3] Group 2: Product Line Expansion - Ankai Micro is expanding its product applications in low-power Bluetooth, industrial-grade HMI, and smart lock systems, establishing a comprehensive capability system from chips to modules to terminals [4] - The second-generation BLE application processor chip has been mass-produced for smart lock control boards, while the fifth-generation Bluetooth chip is in trial production for smart wearable devices [4] Group 3: Smart Lock Solutions - The company has introduced a full-stack solution for smart locks, covering various subsystems and supporting multiple recognition methods, with several customer projects already in mass production or trial production [5] - The global low-power Bluetooth chip market is projected to grow from $3.039 billion in 2023 to $5.839 billion by 2030, with the Chinese smart lock industry expected to exceed 60 million units in sales in 2024, providing growth opportunities for chip suppliers [5] Group 4: International Market Presence - In 2024, Ankai Micro's chip exports accounted for 60.62% of total sales, reflecting strong overseas market channels and product acceptance, with successful entry into the supply chains of major clients like ROKU and Anker Innovation [6][8] - The company provides integrated design support and product debugging capabilities to overseas clients, reducing development barriers and shortening product introduction cycles [7] Group 5: Future Development and Strategy - Ankai Micro is advancing its product strategy in response to changing downstream demand and price competition, focusing on the transition from multimedia to multimodal capabilities, particularly in AI edge computing and BLE products [7] - The company has seven chip projects under development, with five already in the tape-out or sample stage, expected to enter mass production in 2025 [7]