Financial Performance - The company achieved a quarterly revenue of 4.52 billion CNY in Q3, a year-on-year decrease of 9.8% but a quarter-on-quarter increase of 22.2% [2] - The net profit attributable to shareholders decreased by 26.7% year-on-year but increased by 604% quarter-on-quarter, primarily driven by the smart IoT and automotive sectors [2] Supply Chain and Cost Management - Storage costs can account for 30% to 40% of product costs depending on whether KGD is included, with the company planning to raise prices due to rising storage costs [3] - The wafer prices are stable with slight decreases, while packaging and testing prices are expected to remain stable with potential localized increases if upstream capacity tightens [4] Gross Margin Insights - The gross margin improved in Q3 due to low supply chain inventory replenishment, increased new product shipments, and a nearly 20% revenue growth in the automotive sector, which has a higher gross margin [5] - Different business segments have varying gross margins: automotive at approximately 40%, professional video at about 37%, and smart IoT at around 22% [5] Market Trends and Customer Demand - Downstream professional video clients have begun to replenish inventory, indicating a strong demand similar to the tight supply conditions seen in 2021 [2] - The automotive sector is less affected by storage price increases, while the AIoT sector faces more pressure due to lower profit margins [7] Product Development and Future Outlook - The company plans to launch new products in the AIoT sector, including applications for transportation, home, and retail environments, which are expected to drive sales growth [8] - The company aims to achieve a revenue scale of 5 billion CNY within 3-5 years, focusing on smart video, smart IoT, and automotive sectors [18] International Expansion Strategy - Current overseas revenue primarily comes from Hong Kong, with future strategies to stabilize in Southeast Asia, expand to Europe, and eventually enter the Americas [16] Industry Position and Market Share - The company holds a leading position in the smart visual processing chip market with an estimated revenue of 220 million USD in 2024 and a market share of approximately 21.3% [14]