Kiwi Instruments(SH:688045)2023-11-15 11:36Group 1: Company Overview - The company, Shenzhen Biyimi Microelectronics Co., Ltd., is involved in the development of analog front-end chips, battery protection chips, and charging management chips for various applications including portable and wearable electronics, electric tools, drones, and energy storage systems [2][3]. Group 2: Share Buyback and Incentives - As of November 2, 2023, the company has repurchased a total of 699,846 shares, accounting for 1.01% of the total share capital, with a total expenditure of RMB 32,182,386.30 [3]. - The repurchased shares will be used for employee stock ownership plans or equity incentives in the future [3]. Group 3: Research and Development - In the first three quarters of 2023, the company's R&D expenses amounted to RMB 112 million, representing a 49.67% increase year-on-year, and accounting for 26.47% of total revenue [3][4]. - The company is actively developing high-current and high-voltage products, including a 100V high-voltage DC-DC product, aimed at applications in gardening tools, energy storage, and new energy vehicles [4]. Group 4: Financial Performance - For the first three quarters of 2023, the company achieved a revenue of RMB 423 million, a year-on-year increase of 5.42%, with Q3 revenue reaching RMB 121 million, up 38.76% year-on-year [4]. - The decline in net profit is attributed to increased R&D investments, personnel costs, and the allocation of equity incentive expenses [4]. Group 5: Intellectual Property - As of June 30, 2023, the company has obtained a total of 151 domestic and international patents (including 54 invention patents) and 174 integrated circuit layout design rights [5]. - During the reporting period, the company acquired 19 new authorized patents and 28 new integrated circuit layout design rights [5].