Yitoa Intelligent Control(300131)2024-09-02 10:53Financial Performance - The company achieved a revenue of 254,964.73 million yuan in the first half of 2024, with a net profit attributable to shareholders of 3,578.87 million yuan, representing growth rates of 12.34%, 13.79%, and 30.14% respectively compared to the same period last year [2][3] - R&D investment reached 3,483.40 million yuan, a year-on-year increase of 306.37%, while operating expenses (excluding R&D) decreased compared to the previous year [2][3] Business Development - The company is advancing its semiconductor R&D and manufacturing, focusing on optoelectronic sensors and automotive display products, with plans to complete production line debugging by Q4 2024 [3][4] - The first generation of DDIC products entered mass production in August 2024, with the second generation under development to enhance specifications and competitiveness [3][4] Market Trends and Strategies - The laser radar market is expected to expand, with increasing penetration and decreasing prices, prompting the company to collaborate with industry leaders for testing [4] - The company is observing a recovery in the distribution business, particularly in the mobile phone and automotive sectors, while other sectors face challenges [4] Investor Relations Activities - The investor relations event took place on September 2, 2024, with participation from various financial institutions [5][6]