Core Viewpoint - Hengxuan Technology has experienced a continuous decline in stock price over the past seven trading days, with a cumulative drop of -10.35% [1]. Company Overview - Hengxuan Technology (Shanghai) Co., Ltd. was established in 2015 and focuses on the research and development of ultra-low power consumption technology, smart audio and video interaction technology, and wireless communication connection technology, targeting the future smart wearable and smart home markets with its wireless ultra-low power computing SoC chips [1]. Shareholder Activity - In the second quarter of this year, the Jiashi Fund's Jiashi Shanghai Stock Exchange Science and Technology Innovation Board Chip ETF reduced its holdings in Hengxuan Technology, which is among its top ten shareholders [1]. Fund Performance - The Jiashi Shanghai Stock Exchange Science and Technology Innovation Board Chip ETF has achieved a year-to-date return of 12.54%, ranking 1113 out of 3135 in its category [1][2].

Company Overview - Hengxuan Technology Co., Ltd. was established in 2015 and focuses on the research and development of ultra-low power consumption technology, smart audio and video interaction technology, and wireless communication connection technology, targeting the future smart wearable and smart home markets with wireless ultra-low power computing SoC chips [1] Stock Performance - Hengxuan Technology has experienced a decline for five consecutive trading days, with a cumulative drop of -7.55% [1] - The Jiashi CSI Science and Technology Innovation Board Chip ETF, a major shareholder of Hengxuan Technology, reduced its holdings in the second quarter of this year [1] - The ETF has achieved a year-to-date return of 11.01%, ranking 1234 out of 3422 in its category [1][2] Fund Management - The fund manager of Jiashi CSI Science and Technology Innovation Board Chip ETF is Tian Guangyuan, who has a background in quantitative research and has been with Jiashi Fund Management since April 2017 [3][4] - Tian Guangyuan has managed multiple funds, including those focused on technology and innovation sectors, indicating a strong expertise in the field [3][4]

Summary of Conference Call Notes Company and Industry Overview - The focus is on a leading SoC (System on Chip) chip company that benefits from the rapid development of AI at the edge, with products widely used in TWS (True Wireless Stereo) earbuds, smartwatches, smart glasses, and smart speakers [1][2] Key Points and Arguments 1. **Market Growth**: The TWS earbud market is experiencing steady growth, while the smart watch and smart glasses markets are expanding further. The company's products are extensively applied across various terminals including TWS earbuds, smartwatches, smart glasses, and smart speakers [2][4] 2. **Diverse Clientele**: The company's downstream clients include major global Android smartphone brands such as Samsung, OPPO, and Huawei, as well as professional audio manufacturers like Harman, Anker Innovations, and Edifier. Additionally, internet companies like Alibaba, Baidu, ByteDance, and Google, along with home appliance manufacturers like Haier and Hisense, are also part of the client base. The BES2700 series wearable main control chip has been successfully integrated into products like OPPO Enco X3 and ByteDance's OlaFriend [2][4] 3. **AI Glasses Development**: The company is witnessing rapid development in AI glasses, with the new generation of smart wearable chip BES2800 achieving mass production. This chip utilizes advanced 6nm FinFET technology and has been adopted in various projects involving clients' earbuds, smartwatches, and smart glasses. The company's smart wearable main control chip has been applied in MYVUAR glasses. Furthermore, according to WellsennXR, the Xiaomi AI smart glasses' auxiliary chip is equipped with the Hengxuan BES2700 chip, valued at 7 USD [2][4] Additional Important Information - The company is recognized as a leader in ultra-low power computing SoC chips, indicating a strong position in the market [4] - The report highlights the importance of the AI edge development in driving the demand for the company's products, suggesting a favorable market environment for future growth [1][2] - The conference call notes also include insights into the broader industry trends and competitive landscape, emphasizing the company's strategic partnerships and technological advancements [5]