Shanghai New Vision Microelectronics (SH:688593)2024-10-28 10:56Group 1: Financial Performance - The net profit for the first three quarters of 2024 decreased compared to the same period last year due to pressure on sales prices of certain products and changes in the fair value of strategic equity investments [1] - R&D expenses for Q3 2024 amounted to 42.3193 million CNY, representing a year-on-year increase of 9.49% [2] - As of September 30, 2024, the company repurchased a total of 2.052104 million shares, accounting for 0.45% of the total share capital, with a total expenditure of 18,684,896.40 CNY [2] Group 2: Product Development and Market Strategy - The company is focusing on the development of AMOLED display driver chips for various applications, including smart wearables, smartphones, and automotive displays [2] - Future growth will be driven by continuous product optimization, expansion of product categories, and development of new products to capture market share [3] - The company plans to accelerate the development and industrialization of new display chips such as Mini/Micro-LED to enhance competitive barriers [3] Group 3: Market Outlook - The company expects stable product prices in Q4 2024 and will monitor market changes closely [1] - The product lineup supports mainstream display technologies like TFT-LCD and AMOLED, covering various resolutions and sizes [3] - The company aims to deepen its market presence by actively expanding its customer base and enhancing brand recognition [3]