Giantec Semiconductor(688123)2024-10-31 10:14Group 1: Company Overview - The company, Jucheng Semiconductor Co., Ltd., reported its operating conditions for the first three quarters of 2024 [2] Group 2: Financial Performance - Revenue in Q3 increased by 37.73% year-on-year, driven by a recovery in downstream application market demand, particularly in industrial-grade EEPROM and voice coil motor driver chip sales [2] - Net profit in Q3 surged by 262.73% year-on-year, attributed to increased sales of SPD products and a higher sales margin from automotive electronics and industrial control markets [2] Group 3: Product Expansion - The automotive-grade EEPROM business has seen significant growth, with Q3 sales nearing the total shipment volume of the first half of the year, indicating successful market penetration in Europe, Korea, and Japan [2] - The company now offers a full range of automotive-grade EEPROM products, applicable in smart cockpits, power systems, visual perception, and chassis transmission [2][3] Group 4: NOR Flash Product Performance - The NOR Flash business experienced strong growth in Q3, with quarterly sales surpassing the total shipments of the first half of the year, reflecting increased customer recognition and brand influence [3]