亿通科技(300211) - 亿通科技调研活动信息

Group 1: Company Overview - Jiangsu Yitong Technology Co., Ltd. was established and listed on the Shenzhen Stock Exchange in 2011 [2] - The company focuses on broadcasting equipment, intelligent monitoring engineering services, and the research, development, manufacturing, and sales of chips and sensors [2] Group 2: Business Development and Strategy - In January 2021, Huami Technology acquired a 29.99% stake in the company, leading to the establishment of a subsidiary, Whale Microelectronics, focusing on smart chips and biosensors [2] - The new management team emphasizes the development of chip and sensor businesses, transitioning from traditional business models [2][3] Group 3: Product Development - The Huangshan 3 SOC chip, utilizing TSMC's 40nm ULP process, is expected to complete product introduction by Q3 and achieve mass production by the end of the year or early next year [2][3] - The chip features a dual RISC-V core, addressing the balance between ultra-low power consumption and high-performance graphics [3][6] Group 4: Financial Performance - In Q1, the company reported revenue of approximately 41.51 million yuan, with traditional CATV network transmission equipment generating about 7.48 million yuan and intelligent monitoring engineering services around 10.86 million yuan [4] - The gross margin for product sales is approximately 15%, while engineering services have a gross margin of about 48% to 50% [4] Group 5: Market Trends and Challenges - The wearable device market is experiencing a decline in shipment volumes among leading manufacturers, indicating a need for inventory adjustment [5] - The company anticipates better performance in the second half of the year as the economic cycle improves [5] Group 6: Future Outlook - The company aims to solidify existing customer relationships, particularly with Huami, while expanding its market presence [6] - The R&D team currently consists of around 40 members, with plans for future expansion to support product line growth [6]