Sino Wealth(300327)2022-12-03 10:24Group 1: Product Development and Sales - The sales of AMOLED display driver chips are showing a steady growth trend, with new product specifications being developed for both hard and flexible screens [2] - The lithium battery management chip sales have the fastest year-on-year growth, with increasing application scenarios and a strong reputation in the industry [2] - The company has invested in the research and development of IoT products for 3-4 years, with some smart IoT products already utilizing low-power Bluetooth chips [3] Group 2: Market Trends and Financial Performance - The company's revenue has rapidly increased since the second half of 2017, with the first quarter of 2018 being the highest revenue quarter since its listing in 2012 [3] - Due to a high comparative base, the first quarter sales showed a year-on-year decline, leading to a decrease in quarterly profits [3] - The management holds an optimistic view for 2019, expecting significant quarterly growth as new products enter mass production [3] Group 3: Competitive Positioning - The company’s industrial control products have stable pricing and a slight optimization in sales mix, with overall gross margins remaining relatively unchanged [3] - The smart meter main control chip has a competitive edge in overseas markets due to its cost-effectiveness, with ongoing R&D efforts to capture opportunities in the domestic market [3] - The company’s 32-bit variable frequency air conditioning solution has been designed into customer products, although the timeline for mass production remains uncertain [3]