Sino Wealth(SZ:300327)2022-12-03 10:14Group 1: Company Overview and Product Lines - The main products include industrial control single chips, lithium battery management chips, and new generation display driver chips, with over 70% of revenue coming from industrial control single chips [4] - The sales of lithium battery management chips are growing rapidly, with applications in smartphones, electric tools, electric bicycles, and laptops [4] - The company has initiated entry into the automotive electronics field, leveraging its existing technology in air conditioning control and motor control [4] Group 2: Financial Performance and Market Trends - The company's revenue has been rapidly increasing since the second half of 2017, peaking in Q1 2018, which was the highest quarterly revenue since its IPO in 2012 [4] - Due to a high comparison base, there was a year-on-year decline in sales in the latest quarter, leading to a decrease in quarterly profit [4] - The management is optimistic about achieving year-on-year growth in 2019, with expectations of new products entering mass production [4] Group 3: Research and Development - The company has invested in the development of AMOLED display driver chips, with a focus on high-definition and flexible screens [5] - Continuous R&D investment is planned to enhance product quality, power consumption, and reliability to meet market demands [5] - The company maintains a stable workforce, with 75% of employees having over five years of experience, ensuring a strong R&D capability [6] Group 4: Customer Relationships and Sales Strategy - Products are primarily sold through distributors, but large clients can purchase directly from the company [5] - The company emphasizes product quality and reliability, providing localized service to domestic clients [6] - The sales forecast determines production, with some inventory maintained to meet market needs [6] Group 5: Future Growth and Strategic Partnerships - The company is open to external growth through mergers and acquisitions, focusing on long-term benefits and technological synergies [6] - There is a continuous effort to develop smart meter control chips, with a growing market for overseas smart meters [6]