Yuanjie Semiconductor Technology (SH:688498)2024-10-31 07:38Group 1: Financial Performance - In the first three quarters of 2024, the company achieved operating revenue of 178.18 million yuan, a year-on-year increase of 91.20% [5] - In the third quarter of 2024, the operating revenue was 58.02 million yuan, a year-on-year increase of 82.04% [5] - The net profit attributable to shareholders for the first three quarters of 2024 was -5.50 million yuan, and for the third quarter, it was -1.13 million yuan [5] Group 2: Factors Affecting Performance - The decline in gross margin was attributed to a high proportion of low-margin products shipped, particularly 2.5G products, amid intensified price competition [5] - Increased R&D investment in high-value-added products such as EML and silicon photonics to address market competition [5] - A decrease in government subsidies and financial income compared to the previous year [5] Group 3: Market Outlook and Product Development - The company anticipates significant growth in the CW light source market due to the development of silicon photonic module solutions [5] - Plans to expand overseas markets while maintaining a strong domestic market share for CW light source products [5] - Ongoing R&D for the 200G PAM4 EML product line, focusing on performance to meet market demands [6][7] Group 4: Product Strategy and Customer Engagement - The CW light source products are expected to have a higher gross margin than the average product margin [7] - The company is actively communicating with customers regarding the demand for 10G EML products, which are key for the telecom market [7] - Differentiated product development is underway to meet diverse customer needs, enhancing market promotion opportunities for EML products [6]