Actions(SH:688049)2024-08-09 08:54Group 1: Company Overview - Juchip Technology is a leading low-power AIoT chip design manufacturer in China, focusing on integrated chips for wireless audio, smart wearables, and intelligent interaction in the AIoT field [3] - The company's products are widely used in Bluetooth speakers, smartwatches, wireless home theaters, wireless gaming headsets, wireless microphones, Bluetooth headsets, and low-power edge AI processors [3] Group 2: Financial Performance - For the first half of 2024, the company expects to achieve a revenue of 280 million CNY, representing a year-on-year growth of 27.68% [3] - The projected net profit attributable to the parent company is 40.7 million CNY, with a year-on-year increase of 64.76% [3] - The net profit after deducting non-recurring gains and losses is expected to be 23 million CNY, reflecting a growth of 43.68% year-on-year [3] Group 3: Product Development and Market Strategy - The company is advancing its AI chip development, focusing on a CPU+DSP+NPU architecture for edge computing, which enhances AI capabilities while maintaining low power consumption [3] - The latest generation of AI audio SoC chips, based on 22nm process technology, has been sampled to downstream partners, promising improved performance and higher pricing compared to existing products [3] - The company aims to deepen its relationships with high-end brand clients, expecting significant sales growth from major clients like Harman and Sony [4] Group 4: Market Trends and Future Outlook - The consumer electronics market is showing signs of recovery, with many attractive terminal products emerging, which is expected to further drive market growth [4] - The main growth drivers for the company in 2024 are anticipated to be Bluetooth speaker SoC chips, smart watch SoC chips, and low-latency high-quality audio SoC chips [4] - The company plans to balance its market development between domestic and international clients, focusing on partnerships with brands like Xiaomi, Honor, and others [4] Group 5: Wireless Audio Products - The low-latency high-quality wireless audio products are primarily used in wireless home theater systems, gaming headsets, and microphones, with a clear market shift from wired to wireless products [5] - The company’s products can achieve latency as low as 10 milliseconds, utilizing advanced RF design and anti-interference technologies, positioning them at the forefront of the industry [5] - Current clients for these products include major brands such as Samsung, Sony, and DJI, showcasing strong market performance [5]