Bluetrum(SH:688332)2024-08-21 10:21Financial Overview - The company has a cash balance primarily from fundraising, which will be allocated to various projects including smart Bluetooth audio chip upgrades and IoT chip product development [2][5] - As of June 30, 2024, the company's inventory increased compared to the end of the previous year, in preparation for the traditional sales peak in Q3 and Q4 [6] Product Development and Innovation - The company launched the second generation of the Xunlong BT892X series, which supports real-time translation in 40 languages and features adjustable playback speeds [3] - New products include the AB2027A3 data transmission chip used in the Paris Olympics and BLE chips for various smart applications, achieving mass production [3][4] - The company is developing smart wearable glasses chips as part of its fundraising projects, aiming to enhance market competitiveness [4][7] Profitability and Cost Management - The gross profit margin improved in Q2 due to the expansion of product applications and the introduction of new product lines, while maintaining strict cost control [4] - The company plans to continue expanding brand clients and increasing new product sales to sustain a reasonable gross margin [4] Market Strategy and Future Plans - The company is open to business expansion through mergers and acquisitions, while adhering to information disclosure obligations [2][5] - Future product lines will focus on enhancing performance and expanding into new business areas, including Wi-Fi and IoT chips [5] Research and Development - The company has been cautious with R&D investments, focusing on project efficiency and quality, which has led to a decrease in R&D spending [5] - There is an expectation for an increase in R&D expenses as business scales and brand clients are introduced [5] Technology and Applications - The company’s high-end series products are equipped with RISC-V CPU and HiFi DSP, suitable for various AI applications [6] - Bluetooth audio chips have been integrated into smart audio glasses, supporting clear voice calls and music playback [7]