Suzhou Centec (SH:688702)2024-04-26 10:17Revenue Performance - In 2023, the company achieved a revenue of 1.037 billion CNY, representing a year-on-year growth of 35.17% [3] - The increase in revenue is attributed to enhanced customer service, expanded product applications, and growing brand recognition [3] Inventory Management - As of the end of 2023, the company's inventory amounted to 716.26 million CNY, a significant increase of 154.61% compared to the previous year [6] - The inventory accounted for 22.78% of total assets, driven by increased sales scale and market demand [6][7] R&D and Product Development - The company’s flagship high-end chip was successfully sampled to customers by the end of 2023, with a projected timeline of approximately one year for small batch trial production and an additional 6-8 months for large-scale delivery [5][8] - Increased R&D expenses are focused on developing new products to support the growth of the domestic network infrastructure [4][6] Market Outlook and Profitability - The communication industry is experiencing healthy and rapid growth, with strong demand for foundational network interconnectivity [6] - The company is committed to increasing R&D investments to enrich its product portfolio, although this may delay the timeline for achieving profitability [6] Quarterly Revenue Fluctuations - In Q4 2023, the company reported revenue of less than 190 million CNY, which was lower than the first three quarters due to fluctuations in customer purchasing behavior influenced by the international economic environment [8] - The establishment of long-term order mechanisms with upstream and downstream partners is expected to stabilize revenue fluctuations starting in 2024 [8]