Yitoa Intelligent Control(SZ:300131)2025-05-13 09:46Group 1: Company Performance and Financials - The company's Japanese subsidiary achieved a revenue of 440 million CNY in 2024, representing a growth of approximately 19% compared to the previous year [6] - The company reported a good cash flow situation, sufficient to meet daily operational needs [3] Group 2: Research and Development - The company invested 99.44 million CNY in R&D, with approximately 20% allocated to the MEMS micro-mirror project [2] - The MEMS micro-mirror product has completed automation equipment debugging and has entered mass production [3] - The company plans to significantly increase the proportion of chip design and manufacturing in its overall business within the next 3-5 years [5] Group 3: Market Trends and Industry Outlook - The global chip market is expected to grow, with the domestic integrated circuit industry ecosystem improving and the domestic substitution rate increasing year by year [4] - The automotive market is projected to stabilize and improve in 2025, driven by policy support, with significant opportunities in the AI smartphone penetration rate [4] Group 4: Strategic Initiatives - The company is exploring acquisition opportunities to accelerate semiconductor business development and plans to establish its own R&D team domestically [6] - The company aims to localize its entire supply chain, including R&D, production, and sales, to enhance competitiveness in the domestic market [6] Group 5: Product Development and Certifications - The company's vehicle display chips have obtained multiple project designations for both domestic and international instrument and central control screens [6] - The company’s vehicle-grade DDIC/TDDI products have passed automotive certification (AEC-Q100) and all orders are from OEMs [2]