FHM(SZ:300613)2023-04-19 10:14Group 1: Financial Performance - In 2022, the company achieved a revenue of CNY 2.111 billion, representing a year-on-year growth of 22.92% [3] - The net profit attributable to shareholders was CNY 398 million, an increase of 9.42% compared to the previous year [3] - Revenue from professional video processing products was CNY 1.544 billion, with a growth rate of 23.43% and a gross margin of 37.62% [3] - Revenue from smart IoT products reached CNY 314 million, growing by 12.72% with a gross margin of 33.16% [3] - Revenue from smart automotive products was CNY 212 million, showing a growth of 21.10% and a gross margin of 40.67% [3] Group 2: Business Segmentation - The revenue distribution for 2022 was approximately 73% from professional video processing, 15% from smart IoT, and 10% from smart automotive [4] - The company anticipates continued growth primarily from the professional video processing sector, while smart IoT remains fragmented and harder to predict [4] Group 3: Market Trends and Innovations - The integration of large models in edge computing is expected to enhance the deployment of AI applications, requiring deeper model compression for edge deployment [3] - The company is actively researching and validating the deployment of large models in edge computing, which is anticipated to lead to new business opportunities [3] - The trend in automotive transmission technology is moving towards faster and more reliable solutions, with the MIPY-APHY scheme expected to become mainstream due to its superior performance compared to Ethernet [6] Group 4: Competitive Landscape - The company is focusing on enhancing customer satisfaction through comprehensive product lines and timely service responses, which are critical in maintaining competitive advantages [6] - The company has observed a concentration of orders among leading enterprises, which is driving an increase in market share among large clients [6] - The main competitors in the backend product segment include companies like 联咏 and 星宸 [6] Group 5: Research and Development - The company plans to increase R&D personnel in line with sales growth, particularly in response to the emergence of high-end talent in the market [5] - The revenue share from 12nm, 22nm, and 28nm process products is still dominated by 22nm and 28nm, with 12nm products being low-power SoCs applicable in various fields [5] - The company is developing new high-end front-end products expected to lead the market within the next 1-2 years [5]