Sino Wealth(SZ:300327)2023-02-16 02:16Group 1: Company Overview and Market Position - Zhongying Electronics is focusing on the development of automotive MCU chips, with the first chip undergoing internal verification and expected to meet AECQ100 standards [1] - The company anticipates growth in market share across various product lines, despite a projected slowdown in overall profit margins [2] - The home appliance MCU market share is expected to show a growth trend due to a potential return of previously lost customers [2] Group 2: Product Development and Market Trends - The company plans to enhance its product line for lithium battery management chips, expanding from industrial-grade to automotive-grade applications [2] - The market for AMOLED products is targeted for increased penetration in the aftermarket, with new products being validated by brand mobile clients [2] - Inventory levels are expected to rise in Q1, with a gradual digestion anticipated in the second half of the year; order visibility is currently low, estimated at just over one month [2] Group 3: Financial Outlook and Challenges - The overall profitability pressure is significant, with expectations of continued revenue growth in the coming years despite challenges [2] - The impact of long-term capacity agreements is leading to higher costs, which compresses product gross margins; the company is negotiating with suppliers to mitigate adverse effects [2]