MICROGATE(SZ:300319)2022-12-03 09:22Financial Performance - The company achieved a sales revenue of ¥815,833,901.64, representing a year-on-year growth of 20.71% [1][2] - Net profit attributable to shareholders reached ¥60,065,237.35, with a year-on-year increase of 38.88% [2] - Net profit after deducting non-recurring gains and losses was ¥47,119,694.34, up 59.48% compared to the previous year [2] - The net cash flow from operating activities was ¥41,908,805.26, showing a significant increase of 226.26% year-on-year [2] - The gross profit contribution from high-margin products like inductors and filters accounted for 64%, a 67% increase from last year [2] Product Development - The integrated inductors are primarily used in high-end consumer electronics, including smartphones, laptops, and security devices [2][3] - The integrated inductor project generated revenue of ¥60,371,000 and a net profit of ¥966,410, achieving a net profit margin of 16%, with a year-on-year growth of 246% [3] - The company has been developing integrated inductors since 2015, entering mass production by the end of 2017 [3] Market Trends - The demand for inductors is expected to grow significantly due to the increasing functionality and miniaturization of electronic products [4] - The market for SAW filters is also expanding, driven by the growth of 3G/4G mobile phones and IoT applications [6][7] - The company plans to achieve a monthly output of 100 million SAW filters, targeting a gross margin of around 30% [7] Competitive Position - The company aims to establish a leading position in the domestic market by leveraging its product development technology and manufacturing capabilities [7] - The performance of the company's products is competitive with imported alternatives, although challenges remain in market entry [7][8] - The stock price volatility is attributed to short-term market reactions, despite strong financial performance and growth prospects [9]