Company Overview - The company is named 康希通信 (Kangxi Communication) and is listed under the stock code 688653 [1] - The investor relations activity took place on January 8-9, 2024, at the company's conference room [2] Product Development and Market Position - The company is focusing on Wi-Fi 5, Wi-Fi 6, and Wi-Fi 7 products, with Wi-Fi 5 and Wi-Fi 6 being the main products in 2023 [3][4] - Wi-Fi 7 products are expected to launch in the second half of 2024, with anticipated market demand growth [3][4] - The company aims to enter the reference design certification for Wi-Fi 7 with major chip manufacturers like 高通 (Qualcomm) and 迈凌微 (Marvell) in 2024 [2][3] Financial Performance - The gross margin for the company's main products in 2023 remained stable, with expectations for an increase in 2024 due to the launch of Wi-Fi 7 [3][4] - Wi-Fi 6 accounted for a significant portion of the total revenue in 2023, with estimates suggesting it made up over 90% of the revenue from products like AP, CPE, and routers [5][6] Market Strategy - The company is expanding its overseas market presence through mainstream SoC reference designs and sales promotions by its overseas division [5] - The company has received orders for Wi-Fi 7 from both domestic and international clients, projecting a shipment volume in the KK level for 2024 [4][6] Cost and Pricing - The average unit usage for Wi-Fi 6 is estimated at 6-8 chips, while Wi-Fi 7 is projected to require 8-12 chips, with Wi-Fi 7 priced at 1.5 to 2 times that of Wi-Fi 6 [5] - The company emphasizes maintaining a competitive price-performance ratio to capture market share and achieve high gross margins [4][6] Employee and Operational Insights - The company has over 160 employees and plans to optimize its personnel structure through digital means and software products, with no significant changes in total personnel expected for 2024 [5] - Employee stock incentives are in place, with a broad distribution across multiple holding platforms [4][6]
康希通信(688653) - 投资者关系活动记录表（2024年1月8日、1月9日）