Bluetrum(SH:688332)2024-06-07 07:35Business Overview - Zhongke Lanyun focuses on the research, design, and sales of wireless audio SoC chips, with a product line that includes Bluetooth headset chips, Bluetooth speaker chips, smart wearable chips, and AI voice recognition chips [2] - The company’s products are widely used in TWS Bluetooth headsets, Bluetooth speakers, smart wearable devices, wireless microphones, and IoT devices [2] Financial Performance - In Q1 2024, the company achieved a revenue of CNY 363 million, representing an increase of 18.19% year-on-year [2] - The net profit attributable to shareholders was CNY 54.89 million, up by 11.07% year-on-year [2] - The net profit after deducting non-recurring gains and losses was CNY 45.80 million, with a growth rate of 24.27% [2] Client and Market Expansion - The company has established a supply chain with major brands including Xiaomi, Realme, Baidu, and Philips, among others [3] - The second-generation BT892X series is being applied in translation headsets, supporting 40 languages with advanced noise reduction features [3] - The third-generation BT896X series is integrated into Baidu's new AI tablet robot, enhancing user experience with high-resolution audio and AI voice interaction [3] R&D and Talent Acquisition - The company is increasing its R&D investment and recruitment, with R&D personnel reaching 216 by the end of 2023 [4] - Plans include upgrading smart Bluetooth audio chips and developing IoT chip products, aiming to enhance core competitiveness [4] Future Plans and Cost Management - The company plans to invest raised funds into projects for smart Bluetooth audio chip upgrades and integrated Wi-Fi and Bluetooth chip development [4] - Cost control measures are in place to maintain reasonable expense ratios while ensuring stable production capacity [4]