TKD(SH:603738)2024-05-17 10:31Group 1: Company Overview and Investor Relations - The investor relations activity was held on May 16, 2024, focusing on enhancing communication with investors regarding the company's performance and strategies [2] - The event was part of a collective reception day for listed companies in Hubei, guided by the Hubei Securities Regulatory Bureau [2] Group 2: Share Buyback Strategy - The company has a buyback plan with a total budget of 150 million RMB, which is nearing completion, but has faced delays of two months [3] - The average buyback price is above 15 RMB, higher than the current market price, raising questions about the strategy [3] Group 3: Market and Product Insights - The crystal oscillator industry is currently stable, with general size prices facing cost pressures, making further price drops challenging [3] - The company has expanded its TCXO product capacity to 12 million units per month, with plans for automotive production lines targeting 30 million units per month [5] Group 4: Business Growth and Opportunities - The company aims to enhance market competitiveness through technological innovation and product differentiation, focusing on smaller sizes and higher frequencies [5] - There are significant growth opportunities in automotive electronics, with over 1,000 product models developed for various applications [4] Group 5: Research and Development - The company established a postdoctoral research station in March 2023, focusing on high-frequency quartz chip technology and special application scenarios [6] - Continuous improvements in semiconductor processes and production techniques are being implemented to enhance product quality and efficiency [8]