Shanghai New Vision Microelectronics (SH:688593)2024-05-16 07:42Group 1: Financial Performance - In Q1 2024, the company experienced a net profit impact of -12.65 million due to a decrease in the fair value of financial assets and increased R&D expenses [2] - The company plans to distribute a cash dividend of 0.39 yuan per 10 shares, totaling 17.90 million yuan, which accounts for 65.01% of the net profit attributable to shareholders for the year [2] - The overall gross margin for 2023 was 21%, with expectations for gradual recovery in 2024 as inventory improves and consumer demand recovers [2] Group 2: Market Outlook - Despite challenges in 2023, the display industry is expected to show strong growth potential in the long term due to market recovery and technological advancements [2] - The company maintains a cautiously optimistic view on industry trends for 2024, anticipating a recovery in product prices following improvements in downstream panel prices [2] Group 3: R&D and Product Development - The company has received a total of 20 patents, including 16 invention patents, and holds 16 core technologies across its product range [3] - Ongoing R&D projects include various display driver chips and technologies aimed at enhancing product performance and reliability [2][3] - The company aims to expand its product lines, focusing on advanced display chips and new technologies such as Mini/Micro-LED and electronic paper [3] Group 4: Strategic Initiatives - The company is implementing an equity incentive plan to attract and retain talent, with 43 individuals targeted for the initial grant [3] - The new national policies are expected to foster a more regulated governance environment, enhancing the company's operational quality and investor returns [3]