英唐智控(300131) - 2024年5月13日投资者关系活动记录表

Financial Performance and Cash Flow - Operating cash flow decreased by 36.32% in 2023 due to the discounting of 86.74 million in bank and commercial acceptance bills [3] - Q1 2024 profit decreased by 20% due to ongoing inventory reduction and lower gross margins [6] - Accounts receivable increased due to extended customer payment terms, but repayment is normal with no significant impairment risk [3] Product Development and Revenue - MEMS micro-mirror production line expected to complete assembly and debugging by 2024, with batch sales starting in the second half of the year [2][3] - Automotive display driver chips (DDIC) expected to achieve batch sales in the second half of 2024, initially produced in Taiwan and gradually shifting to domestic production [2][3] - Current revenue structure: 90% from distribution business, 10% from semiconductor business, aiming to increase semiconductor revenue share in the next 3-5 years [4] Strategic Partnerships and Market Expansion - Collaboration with Synopsys on automotive display chips progressing as planned, with batch sales expected in the second half of 2024 [4] - MEMS micro-mirror applications include automotive LiDAR, industrial inspection, robotics, drones, and AR/VR consumer electronics [4][6] - Potential collaboration with Huawei's new intelligent driving company, with ongoing customer engagement and sample testing [8] Talent and Innovation - Implementation of equity incentive plans and internal training programs like "Yingtang Academy" to retain and develop key technical talent [3] - Focus on MEMS micro-mirror and automotive display driver chips as key innovation projects, with MEMS expected to contribute to new revenue growth [4][6] Shareholder Communication and Market Confidence - Plans to enhance shareholder returns through measures like cash dividends and improved communication [3][6] - No current stock buyback plans, but the company will consider such measures to boost investor confidence [6] - Efforts to improve market value through operational efficiency, enhanced disclosure, and investor engagement [7] Future Outlook and Strategic Goals - Transition to semiconductor R&D and manufacturing entering a critical phase in 2024, with MEMS and automotive display chips as key growth drivers [7] - Long-term goal to balance revenue between distribution and semiconductor businesses, increasing semiconductor revenue share [8] - Exploration of new markets, including potential applications of MEMS micro-mirrors in flying cars [8]