Yitoa Intelligent Control(SZ:300131)2024-01-19 10:28Group 1: Company Overview - Shenzhen Yingtang Intelligent Control Co., Ltd. focuses on electronic component distribution, semiconductor components, integrated circuits, and software development [2] - The company has transitioned towards the upstream semiconductor industry over the past two years, showcasing its MEMS micro-mirror samples [2] Group 2: Financial Performance - The company's overall gross margin is expected to remain around 10%, with fluctuations influenced by market conditions and raw material prices [3] - As of Q3 2023, the gross margin is slightly below 10%, with anticipated adjustments as chip products ramp up production [3] Group 3: Business Segments - In the automotive sector, the company primarily supplies Tier 1 manufacturers, including BYD, Changan, SAIC, and BAIC [2] - The mobile phone business has seen improvement in Q3 and Q4 2023 due to new model launches and a recovery in consumer demand [3] Group 4: MEMS Micro-Mirror Development - The MEMS micro-mirror is designed for automotive laser radar, with significant market potential as smart driving technology advances [3] - The company has established long-term relationships with upstream and downstream clients, enhancing its ability to meet customer needs [3] Group 5: Product Collaboration and Market Position - The company signed exclusive manufacturing and supply agreements for DDIC and TDDI products with Synaptics, entering trial production for DDIC and final data reception for TDDI [4] - The company aims to become the first domestic supplier of mass-produced DDIC and TDDI products, leveraging local service advantages over Taiwanese and Korean competitors [4]