MINDEO(SZ:300656)2025-04-29 10:38Group 1: R&D Investment and Patent Situation - In 2024, the company invested a total of 27.68 million yuan in R&D, representing a year-on-year increase of 4.55% [1] - As of the end of 2024, the company held 94 valid authorized patents, including 15 invention patents, 70 utility model patents, and 9 design patents [1] Group 2: Profitability and Financial Performance - The net profit attributable to shareholders in 2024 was -113.92 million yuan, a decrease of 1,007.28% compared to the previous year [1] - The decline in profitability was attributed to several factors, including significant impairment losses on goodwill from acquisitions and reduced income from joint ventures [2] - In Q1 2025, the company achieved an operating income of 53.98 million yuan, a decrease of 17.82% year-on-year, while the net profit attributable to shareholders was 33.47 million yuan, an increase of 16,299.56% year-on-year [4] Group 3: Future Development Strategy - The company aims to focus on the AiDC (Artificial Intelligence for Data Capture) business and power semiconductor sectors, optimizing product structures and developing new high-end products for industrial applications [3] - The strategy includes building a smart IDM ecosystem centered around the foundry Guangxin Microelectronics to enhance production capacity and collaboration across the supply chain [6] Group 4: Industry Outlook - The domestic power semiconductor market is expected to grow, with China's market share currently at approximately 37% of the global market [7] - The market is projected to reach 40.5 billion USD by 2028, although the localization rate of power semiconductor devices remains relatively low, indicating significant potential for domestic manufacturers [7]