Maxscend Microelectronics Company Limited(SZ:300782)2023-10-30 13:20Group 1: Financial Performance - In the first three quarters of 2023, the company achieved operating revenue of 3.074 billion CNY, a year-on-year increase of 1.90% [3] - The net profit attributable to shareholders was 819 million CNY, a year-on-year decrease of 16.85% [3] - In Q3 2023, the operating revenue reached 1.409 billion CNY, a year-on-year growth of 80.22% and a quarter-on-quarter increase of 47.71% [3] - The net profit for Q3 2023 was 452 million CNY, showing a year-on-year increase of 94.29% and a quarter-on-quarter growth of 80.92% [3] Group 2: Product Development and Market Strategy - The company is focusing on building a "smart manufacturing" platform for RF front-end products [3] - The L-FEMiD product is currently in the sample promotion stage [3] - The filter module sales ratio increased significantly, with module products accounting for approximately 34% in the first three quarters and 36% in Q3 2023 [4] - The company plans to adjust production capacity based on market demand and product progress [3][4] Group 3: Operational Insights - Fixed asset depreciation for the first three quarters of 2023 was approximately 135.59 million CNY, with expectations for an increase in 2024 due to ongoing semiconductor industrialization projects [3] - The company is establishing a wholly-owned subsidiary to optimize resource management and improve operational efficiency [4] - The company’s RF front-end components are primarily used in mobile smart terminal products, with applications extending to smart wearables, communication base stations, automotive electronics, and more [4] Group 4: Future Outlook - The company is actively preparing for the development of 5.5G technology, which will enhance upload and download speeds through greater physical bandwidth [4] - Continuous investment in R&D and innovation is essential for maintaining competitive advantage in the RF front-end market [3][4]