Maxic Technology(SH:688458)2024-09-30 09:11Group 1: Company Overview and Product Development - Meixin Sheng Technology (Beijing) Co., Ltd. is actively developing and supplying automotive chips, focusing on various product types, including single and multi-channel LED constant current drivers, which have already entered mass production [2] - The company is also advancing the development of CAN SBC and interface chips, with progress on automotive certification [2] - New product lines are being prepared, including rain detection sensors and wireless charging products, with a 100W automotive-grade chip entering the verification phase [2] Group 2: Signal Chain Business and Growth Projections - The signal chain product line includes optical sensors and DTOF, with significant growth expected; revenue from optical sensors is projected to increase by 500% to 700% year-on-year [3] - Automotive electronic signal chain chips are expected to generate performance benefits in the coming years, laying a foundation for deeper market penetration [3] Group 3: Research and Development Investment - The company is expanding into new business areas, including wireless charging and automotive lighting LED drivers, while focusing on optical sensors and DTOF for mobile devices [3] - R&D investments are aimed at achieving strategic goals, with significant breakthroughs in the optical sensor field enhancing core competitiveness [4] - The company has successfully developed multiple optical sensors for mobile devices, with products entering various stages of client testing [4] Group 4: Share Buyback and M&A Strategy - As of September 5, 2024, the company has utilized 115.15 million yuan for its share buyback plan, reflecting confidence in future development [4] - The company is actively seeking suitable acquisition targets to expand its business scope, focusing on automotive electronics and smart sensors [4]