Shanghai Orient-Chip Technology (688061)2024-06-18 08:31Group 1: Market Recovery Indicators - The global notebook shipment volume increased by 7% year-on-year in Q1 2024, while global smartphone shipments rebounded by 10%, indicating a recovery trend in the market [1] - The company's revenue improved gradually after hitting a low in Q1 2023, with a year-on-year growth of 37.46% in the second half of 2023 and a 61% increase in Q1 2024 [1] Group 2: Product Line Performance - The smart sensor chip segment has a broad range of downstream applications and a favorable competitive landscape, while the power management chip segment is primarily focused on consumer electronics, which is experiencing a slow recovery [1] - In 2023, the revenue from smart sensor chips accounted for 49% of total revenue, showing a significant increase, while power management chips dropped to 41% due to intense price competition [2][3] Group 3: International Sales and Market Strategy - In 2023, overseas revenue accounted for 31.40% of total revenue, slightly up from 2022, with no significant differences in products sold domestically and internationally [2] - The company continues to monitor market opportunities both domestically and internationally, leveraging the global nature of the consumer electronics market [2] Group 4: Share Buyback Program - The company completed its share buyback program on May 18, 2024, repurchasing a total of 2,174,378 shares, which is 1.89% of the total share capital, for a total amount of 60,004,537.08 yuan [3]