Ingenic(300223)2025-01-13 07:44Group 1: Company Overview - Beijing Junzheng Integrated Circuit Co., Ltd. is actively engaged in the development of new DRAM processes, specifically 21nm and 20nm technologies, expected to launch this year [1] - The company's main storage product currently is DDR3, which has the highest sales volume [1] Group 2: Market Insights - The company is monitoring the AI DRAM market, recognizing its significant potential for growth [1] - The exit of Micron from the market is anticipated to be beneficial for the company in the long run, although the impact will take time to materialize [1] Group 3: Product Specifics - Nearly 50% of the company's NOR FLASH products are used in automotive applications, with manufacturing outsourced to Wuhan Xinxin [2] - SRAM sales are stable, primarily serving automotive and industrial sectors, with prices expected to remain relatively unchanged this year [2] Group 4: Pricing Trends - The industry market for storage products peaked in 2022, entering a downward cycle towards the end of the year, but price adjustments are expected to be minor moving forward [2] - The impact on gross margins from price fluctuations is projected to be minimal [2] Group 5: Research and Development - The company's R&D teams are distributed globally, with both domestic and international presence [2] - The company is exploring various application fields for its computing chips, which are primarily targeted at the consumer market, especially in security monitoring products [2]