KDTECH(002516)2025-04-03 12:36Group 1: Company Performance and Financials - The company's international market revenue accounts for only 0.62% of total annual revenue, as detailed in the 2024 annual report [1] - As of the end of 2024, accounts receivable amounted to 1,052.68 million CNY, with a bad debt provision of 49.25 million CNY, representing a provision rate of 4.68% [4] - The accounts receivable balance is significantly high, with a ratio of 613.76% compared to the net profit attributable to the parent company for the latest annual report [4] Group 2: Business Operations and Risks - The company has not faced negative impacts from Japan's semiconductor export control measures on its production operations [2] - The company currently has no plans for additional financing through share issuance or convertible bonds [2] - The main operational risk identified is related to the slow recovery of accounts receivable from the renewable energy sector due to delayed subsidies [4] Group 3: Product Development and Market Strategy - The target market share for the chip company is set at over 10% within the next two to three years [3] - The company is focusing on developing smaller chip designs and using domestic materials to reduce costs [2] - The chip company is collaborating with clients to develop RF modules for AI glasses, with existing products already used in well-known domestic smartphones and smartwatches [3] Group 4: Corporate Governance and Shareholder Relations - The company has implemented a stock incentive plan, which is expected to enhance long-term contributions from employees [3] - The company aims to maintain a stable and sustainable profit distribution policy, prioritizing cash dividends when conditions allow [3] - There are no undisclosed negative factors affecting the company's stock price, and the company is committed to transparent communication with shareholders [3]