Sino Wealth(SZ:300327)2022-12-04 10:22Group 1: Company Overview and Market Position - Zhongying Electronics has been investing in AMOLED display driver chips for several years, with competitive products and design experience in high-resolution AMOLED display driver chips [2] - The domestic AMOLED driver chip market is still in its infancy, with the company collaborating with multiple panel manufacturers to enhance production yield [2] - The company is positioned as the largest domestic chip supplier for home appliances, benefiting from national policies supporting chip localization [4] Group 2: Product Development and R&D Investment - The company has increased R&D investment due to the development of AMOLED technology, aiming for long-term sustainable growth [5] - The lithium battery management chip market is expanding, with applications in high-end mobile phones and electric bicycles, and the company is focusing on both measurement and protection chips [3] - The company is actively developing new products, including a new generation of AMOLED driver chips expected to launch in 2018 [4] Group 3: Financial Performance and Profitability - The company's gross margin remains stable, influenced by product mix and sales growth leading to economies of scale [3] - The sales of smart electric meters have been growing well, with a focus on overseas markets where the cost-performance ratio of the company's chips is high [2] Group 4: Future Outlook and Strategic Direction - The company maintains a positive outlook for the next few years, with increasing applications for lithium battery management chips and a growing market share in home appliances [4] - The company is exploring opportunities in automotive electronics as part of its long-term strategic development [4] - The company is also considering collaboration with government and major funds for project support and subsidies [5]