Motorcomm Electronic Technology (688515)2024-07-19 07:36Group 1: Company Overview and Market Position - Yutai Microelectronics Co., Ltd. was established with a focus on automotive communication chips, emphasizing its confidence in the future of automotive development [2][3] - The current domestic chip self-sufficiency rate is only 10%, indicating a significant market opportunity as the demand for chips in the expanding new energy vehicle market increases [2][3] Group 2: Industry Performance and Growth - In June, the industrial added value of large-scale industries grew by 5.3% year-on-year, with integrated circuit products and new energy vehicles increasing by 28.9% and 34.3% respectively [3] - The production of integrated circuit products reached 36.2 billion units in June, a year-on-year increase of 12.8% [3] Group 3: Product Development and Client Inventory - The inventory depletion of industrial-grade products is nearing completion, with expectations for further recovery in subsequent quarters [3][4] - The automotive-grade products are anticipated to see significant growth in 2024, driven by the increasing integration of smart and connected technologies in vehicles [3][4] Group 4: Core Technologies and R&D - Yutai Microelectronics has developed 14 core technologies related to its main business, including high-performance SerDes design and SOC chip integration technology [4] - The company has established a comprehensive R&D system focused on high-speed wired communication chips [4] Group 5: Governance and Compliance Training - In 2023, the company organized 19 specialized training sessions for its board members and management, achieving a 100% attendance rate [4] - Plans for 2024 include enhancing the training depth and frequency for key personnel to improve compliance awareness and operational standards [4]