Motorcomm Electronic Technology (SH:688515)2024-06-07 07:35Group 1: Company Overview - Yutai Microelectronics Co., Ltd. is listed under stock code 688515 and abbreviated as Yutai Micro [2][3] Group 2: Investor Relations Activity - The investor relations activity took place on June 4, 2024, in Shanghai, with the company represented by consultant Cheng Jingsai [3][4] - The activity included a brief introduction of the company's 2023 annual and 2024 Q1 operational performance [3] Group 3: Market Trends and Product Applications - The application of automotive Ethernet is expected to accelerate in smart cockpits and autonomous driving systems, with L2/L3 level autonomous driving chips projected to achieve mass production in 2023 [3] - By 2023, the number of automotive Ethernet nodes per vehicle is anticipated to reach 9-10, driven by increasing bandwidth demands [3] - The integration of various functions into a domain-level automotive network is expected to enhance the overall vehicle communication infrastructure [3] Group 4: Strategic Partnerships and Opportunities - BYD has been selected as one of the first companies for the national pilot program for intelligent connected vehicles, which supports L3 level autonomous driving [4] - The recognition of BYD's capabilities by regulatory bodies is expected to create significant opportunities for Yutai Microelectronics in the automotive chip market [4] Group 5: Sales Performance and Projections - In Q1 2024, the revenue from industrial-grade products surpassed that of commercial-grade products for three consecutive quarters, indicating a recovery trend [4] - The company anticipates a breakthrough in revenue for automotive-grade products in 2024, supported by new product launches and increasing demand due to automotive intelligence and connectivity [4] - Overall, Yutai Microelectronics is entering a new growth phase, with both product sales and revenue showing positive year-on-year and quarter-on-quarter growth [4]