Company Overview - The company, Gran Canxi Communication Technology (Shanghai) Co., Ltd., focuses on RF front-end chips, primarily in the cellular and Wi-Fi sectors, with a domestic market share of approximately 20% [2][3]. Product Development - Wi-Fi 7 products have entered mass production, with orders from both domestic and international markets, including reference designs from Qualcomm and MediaTek [3][4]. - The company anticipates an increase in Wi-Fi 7 sales starting in the second half of 2024, as it is expected to be the standard year for Wi-Fi 7 [3][4]. Market Trends - The company has observed a recovery in customer demand, leading to improved performance in Q4 2023 due to increased orders [3][5]. - The development speed of Wi-Fi 6 and Wi-Fi 7 varies by country and region, indicating diverse market needs [4][5]. Financial Performance - In 2022, the revenue from Wi-Fi 6 surpassed that of Wi-Fi 5, indicating a positive trend in product adoption [6][7]. - The company expects to enhance its gross margin with the mass shipment of Wi-Fi 7 products [5][6]. Strategic Initiatives - The company aims to increase its market share in the IoT sector and plans to enhance R&D investment post-IPO, targeting a 50% share of R&D personnel by 2024 [5][6]. - The company has joined the Star Alliance and is optimistic about future collaborations under this new protocol [5][7]. Customer Insights - The company primarily serves ODM manufacturers in the mobile Wi-Fi sector, with foreign suppliers as alternatives [6][7]. - There is a strong willingness among customers to replace foreign suppliers with domestic alternatives, driven by supply chain security and cost-effectiveness [7][8].
康希通信(688653) - 投资者关系活动记录表（2023年12月5日）