ASR(SH:688220)2023-11-17 08:17Group 1: Market Outlook and Product Development - The company is optimistic about the long-term growth of the IoT market, with diverse and rich application scenarios emerging in both consumer electronics and smart IoT sectors [1] - The company’s cellular baseband chips have significant development potential in various downstream applications, including mobile broadband devices, vehicle networking, smart wearables, positioning tracking, industrial IoT, and smart payments [1] Group 2: 5G Cellular IoT Applications - The main application areas for 5G cellular IoT chips include CPE, vehicle networking, MIFI, video surveillance, and smart grids [2] - The company is actively advancing the mass production of its first 5G eMBB chip and has completed testing of its first 5G RedCap chip, which is in the verification process [2] Group 3: R&D Expenses and Team Structure - The largest portion of R&D expenses is attributed to personnel salaries, with the core technology team already established, indicating limited potential for large-scale personnel expansion in the coming years [2] - Future hiring will primarily focus on recent graduates and roles in technical support, service support, and sales management, ensuring controlled growth in R&D expenses [2] Group 4: RISC-V Architecture - The RISC-V instruction set is fully open-source and modular, with numerous implementations and tape-out cases, making it suitable for certain IoT applications [2] - Currently, the company has not developed its own RISC-V IP but has utilized third-party RISC-V IP in existing IoT products [3] Group 5: Shareholder Information - As of the end of September 2023, the company has disclosed the total number of shareholders in its third-quarter report, in compliance with regulatory requirements [3]