Amlogic(688099)2024-12-30 13:20Inventory Management - As of September 30, 2024, the company's inventory amounted to 1.271 billion CNY, primarily consisting of products, with a small portion of raw materials [1] - The majority of inventory items have an aging of less than 6 months, indicating a healthy inventory structure [1] - The inventory turnover days for the third quarter were 117 days, reflecting a fast sales pace and efficient turnover [1] Investor Communication - The company engaged in thorough communication with investors during the reception process, adhering to the "Information Disclosure Management System" to ensure the accuracy and completeness of information disclosed [1] Financial Performance - For the first three quarters of 2024, the company achieved a comprehensive gross margin of 36.37%, with a gross margin of 34.22% for the same period [11] - The gross margin for Q2 was 36.34%, while Q3 saw an increase to 38.22%, representing a year-on-year increase of 2.24 percentage points [11] Product Development - The company launched the industry's first 6nm commercial chip integrating 4K and AI capabilities, with CPU performance improved by over 60% and GPU performance increased by 230% compared to previous generations [9][10] - The new chip supports H.266/VVC video codec standards, reducing bandwidth and storage requirements by 50% compared to H.265 [8] - The company has over 15 chips with NPU computing power ranging from 1T to 5T, covering various applications in smart home technology [9] Market Expansion - The company has successfully expanded its 8K chip into the domestic market, securing all shares in the first batch of tenders from two major operators, China Mobile and China Telecom [9] - The automotive electronics sector is a long-term strategy for the company, with successful applications in multiple vehicle models, including BMW and Lincoln [11]