Puya semiconductor(SH:688766)2024-05-14 07:36Financial Performance - In 2023, the company achieved a revenue of 1.127 billion CNY, a year-on-year increase of 21.87%, marking a historical high [3] - For Q1 2024, the company reported a revenue of 405 million CNY, a quarter-on-quarter growth of 12.50% [4] - The net profit for Q1 2024 reached 62 million CNY, reflecting a quarter-on-quarter increase of 34.02% [4] - R&D investment in 2023 amounted to 191 million CNY, representing a year-on-year growth of 28.74%, accounting for 16.79% of total revenue [3] Product Line Developments - The NOR Flash product line is focusing on expanding market share in the small to medium capacity segment while optimizing costs through process improvements [5] - The EEPROM product line aims to solidify its market share in consumer electronics and expand into automotive applications [5] - The MCU product line is enhancing its offerings with high-performance products and targeting emerging market demands [5] Market Outlook - The company is optimistic about its growth potential in the MCU sector, despite its current revenue share being relatively low [6] - The NOR Flash market is expected to experience price adjustments due to cyclical changes in supply and demand [7] - The company is preparing for potential price fluctuations in response to market trends and competitor pricing strategies [7] Investor Engagement - The investor relations activities included meetings with various funds and investment firms from May 7 to May 11, 2024 [2][3] - Key company representatives included the Chairman and the CFO, who provided insights into the company's performance and future strategies [3]