Core Viewpoint - *ST Yitong has successfully achieved mass production of its Huangshan No. 3 chip, primarily used in smartwatches and AIoT devices, indicating a significant step in its chip business development [1] Group 1: Product Development - The Huangshan No. 3 chip has been developed and is now in mass supply [1] - The chip is mainly applied in health wearables and AIoT devices with display functions [1] Group 2: Market Strategy - The current main customer for the chip is Anhui Huami [1] - The company aims to expand its market presence by seeking more customers and partners [1] - The focus is on enhancing core competitiveness and brand influence to ensure sustainable development [1]

Financial Performance - The company achieved a total revenue of 34.07 million in Q1 2025, representing a 94.59% increase compared to the same period last year [12][14] - The revenue from chip sensors and medical devices accounted for approximately 74.5% of total revenue in Q1 2025 [12][14] - The company reported a net loss of 11.87 million, although this was an improvement of 0.31 million compared to the previous year [3] Business Segments - The revenue from the PPG sensor module reached 10.48 million, an increase of 7.25 million from the previous year, with a gross profit of 2.64 million [2] - The company’s microelectronics subsidiary achieved a total revenue of 17.77 million, with a gross profit of 5.06 million [2] Market Outlook - Global semiconductor sales increased by 18.8% year-on-year in March 2025, marking 17 consecutive months of growth [6][11] - The demand for consumer electronics is gradually recovering, with a projected increase in AI smartphone penetration to 32% in 2025 [6][11] Customer Base - The top five customers contributed significantly to the company's revenue, with the largest customer generating 50.32% of total revenue [3] - The second and third largest customers accounted for 11.91% of total revenue, primarily from smart monitoring engineering services [3] R&D Investment - The company invested 13.77 million in R&D during the reporting period, a 12.73% increase from the previous year [3] - Continuous investment in chip development is aimed at enhancing performance and reducing power consumption [2] Strategic Goals - The company aims to achieve a revenue of over 100 million or turn net profit positive to remove the ST designation [12][14] - Plans to enhance market competitiveness and expand business operations in traditional broadcasting, chip sensors, and cloud medical services [10][12]