Sino Wealth(SZ:300327)2022-12-15 12:24Group 1: Automotive Chip Development - The company is actively developing automotive-grade MCU chips, currently in the R&D testing phase, with plans to officially sample in the first half of next year [2] - There is a long-term capacity assurance in place, although there may be pressure on gross margins due to agreed pricing affecting a certain proportion of capacity [2] Group 2: Home Appliance Market Performance - The company expects growth in sales of smart home appliance MCUs year-on-year, while the small home appliance market is anticipated to decline due to global economic downturn and increased competition [3] Group 3: Battery Management System (BMS) Progress - The market share of the company's lithium battery management chips in smartphones is increasing rapidly, benefiting from domestic brands choosing their products as a primary alternative [3] - The company plans to extend its R&D from industrial-grade lithium battery management chips to automotive-grade applications [3] Group 4: Inventory and Order Visibility - The company has seen an increase in inventory, which may continue to rise slowly into the first half of next year, while distributor inventory is gradually being depleted [3] - Order visibility is low, estimated at just over a month [3] Group 5: Research and Development Personnel - Approximately 80% of the company's employees are in R&D, with a stable workforce despite competitive talent acquisition challenges [3]