Core Viewpoint - Zhuhai Jieli Technology Co., Ltd. is emerging as a significant player in the semiconductor industry, with its self-developed TWS headphone main control chip expected to exceed 2 billion units in annual shipments by 2024, leading the global market share rankings [1]. Group 1: Company Overview - Founded in 2010, Jieli Technology began its journey in the system-on-chip (SoC) design sector, achieving significant milestones with its Bluetooth audio chips, including the AC460N, AC697N series, and the AC791N, which address the explosive growth in TWS headphone demand [3]. - The company has sold over 12 billion chips cumulatively by 2024, equating to an average of 1.5 Jieli chips per person globally [3]. Group 2: Market Position and Achievements - Jieli Technology has achieved a global market share exceeding 40% in the Bluetooth audio chip sector, becoming a "hidden champion" in consumer electronics such as Bluetooth headphones and smart speakers [5]. - In 2024, the revenue from Bluetooth audio chips is projected to reach 2.28 billion yuan, accounting for 72% of the company's total revenue, with key products like the AC697N and AC700N series being widely adopted by major brands [5]. Group 3: Technological Advancements - The company has developed a high-spec, flexible, and highly integrated technology system, achieving performance parameters comparable to international competitors while maintaining costs at 60%-70% of similar products [7]. - Jieli Technology has pioneered low-latency transmission with its Bluetooth 5.4 protocol chip, breaking the monopoly of foreign companies in high-end audio chips [7]. Group 4: Supply Chain and Collaboration - Jieli Technology emphasizes a fully domestic supply chain strategy, collaborating with various domestic firms to enhance the competitiveness of its products and promote the overall upgrade of the domestic semiconductor industry [8]. - The partnership with Huahong Group has led to a 15% reduction in chip area and a 20% decrease in power consumption for 28nm process chips [8]. Group 5: Social Responsibility and Impact - The company promotes the concept of "technology for all," exemplified by its AC61N health medical chip, which reduces costs for medical devices by 30% [9]. - During the COVID-19 pandemic, Jieli Technology supplied over 50 million chips for medical equipment, earning recognition for its contributions [9]. Group 6: Future Outlook - Jieli Technology aims to leverage its successful listing on the Beijing Stock Exchange to achieve sustainable growth and enhance its contributions to the semiconductor industry [11].