Bluetrum(SH:688332)2024-12-13 08:35Group 1: Company Overview - Zhongke Lanyun specializes in the research, design, and sales of wireless audio SoC chips, focusing on Bluetooth headset chips, Bluetooth speaker chips, smart wearable chips, and AIoT voice recognition chips [2][3]. Group 2: Financial Performance - In the first three quarters of 2024, the company achieved a revenue of CNY 1.248 billion, representing a year-on-year growth of 18.91%. The net profit attributable to shareholders was CNY 207 million, with a year-on-year increase of 4.80%. The net profit excluding non-recurring items was CNY 175 million, up by 26.45% [3][5]. Group 3: Product Development and Market Strategy - The company has successfully passed Bluetooth 6.0 certification, becoming the first non-mobile chip manufacturer in China to achieve this milestone. The new chip series includes BT893x, BT895x, and BT897x, which offer efficient and stable connection technology [3][4]. - The high-end "Xunlong" series chips have gained recognition in the market, being adopted by brands such as Xiaomi, realme, and Anker [4][5]. Group 4: AI and Smart Wearable Products - The company is actively exploring the AI market, collaborating with ByteDance's Volcano Engine to provide hardware and software solutions for AI headphones. The BT895x chip supports high-performance AI applications [4][5]. - The smart wearable product line, particularly the AB568X and AB569X series, has received high industry recognition and is expected to significantly contribute to revenue growth and improve gross margins [5][6]. Group 5: Future Plans and Market Position - The company is exploring mergers and acquisitions to enhance its technological capabilities and product offerings, in line with national policies [5][6]. - Future product development will focus on smart wearable glasses, integrating advanced audio algorithms and cloud capabilities to enhance user experience [5][6].