Bluetrum(SH:688332)2024-11-15 08:07Business Overview - Zhongke Lanyun focuses on the research, design, and sales of wireless audio SoC chips, with eight main product lines including Bluetooth headset chips and AI voice recognition chips [1] - The company has established a supply chain with major brands such as Xiaomi, realme, and Anker [1] Financial Performance - In the first three quarters of 2024, the company achieved a revenue of CNY 1.248 billion, a year-on-year increase of 18.91% [1] - The net profit attributable to shareholders reached CNY 207 million, up 4.80% year-on-year, while the net profit excluding non-recurring items was CNY 175 million, a growth of 26.45% [1] AI Product Development - The company has launched the BT895x chip, which supports AI functionalities and has been integrated into the FIIL GS Links AI headphones, marking it as the second product in the market to support this technology [2] - Collaborations with ByteDance's Volcano Engine aim to enhance AI capabilities in audio products, with features like real-time translation and meeting minutes already implemented [2] Market Strategy and Product Expansion - The company has been actively exploring mergers and acquisitions to enhance its technological capabilities and product offerings [2] - The introduction of high-end products, particularly the "Xunlong" series, has gained recognition in the mid-to-high-end market, with successful integrations into various audio brands [3] Smart Wearable Devices - The AB568X and AB569X series chips have been well-received in the smart wearable market, contributing to revenue growth and improved profit margins [4] - The company is also developing smart audio glasses, with existing chips already applied in products like MINISO's smart music glasses [4] Future Outlook - The company plans to continue enhancing its product performance and brand image to improve market competitiveness and operational sustainability [3][4]