Ingenic(300223)2024-08-29 00:21Group 1: Financial Performance - The gross margin for storage chips decreased by 0.71% in the first half of the year, which is considered a normal fluctuation [1] - The gross margin for storage chips was around 30% before price increases in 2021, and it improved after price hikes [1] - The overall revenue for storage chips is still relatively low, with a year-on-year decline observed in the first half of the year [2] Group 2: Market Outlook - The second quarter showed a slight increase in revenue compared to the first quarter, and the market is expected to stabilize in the second half of the year [2] - The company anticipates potential year-on-year growth in the fourth quarter [2] - The DRAM market is expected to gradually shift to 21nm technology, with sample products expected to be launched in the second half of the year [3] Group 3: Product Development - The company is expanding its product line, particularly in the consumer-grade market, with new products aimed at enhancing competitiveness [2] - The SRAM market is stable with good gross margins, while the DRAM market has a projected niche market space of around 2-3 billion [3] Group 4: Cost Management - The improvement in gross margins is attributed to product structure and cost reductions rather than price increases [3] - The company is monitoring wafer factory pricing but has not received any notifications of price increases from its main partners [4]