Bluetrum(688332)2024-12-06 09:50Group 1: Company Overview - Zhongke Lanyun specializes in the research, design, and sales of wireless audio SoC chips, with eight main product lines including Bluetooth headset chips and AI voice recognition chips [2] - The company’s products are widely used in TWS Bluetooth headsets, Bluetooth speakers, smart wearable devices, and IoT devices, and have entered the supply chain of major brands like Xiaomi, realme, and Anker [2] Group 2: Financial Performance - In the first three quarters of 2024, the company achieved a revenue of CNY 1.248 billion, representing a year-on-year growth of 18.91% [3] - The net profit attributable to shareholders was CNY 207 million, with a year-on-year increase of 4.80% [3] - The non-recurring net profit reached CNY 175 million, showing a significant growth of 26.45% year-on-year [3] Group 3: Product Development and Innovation - The company’s Bluetooth chips have successfully passed the Bluetooth 6.0 certification, becoming the first non-mobile chip manufacturer in China to achieve this [3] - The third-generation BT895x chip supports AI functions and has been integrated into the FIIL GS Links AI headphones, marking it as the second product in the market to support large model AI [4][5] - The company is collaborating with ByteDance's Volcano Engine to provide hardware and software solutions compatible with large model AI [4] Group 4: Market Strategy and Competitive Position - Since 2019, the company has been implementing a brand strategy, resulting in recognition and preference for its products in the mid-to-high-end market [4] - The high-end "Xunlong" series chips have been adopted by various brands, including realme and Anker, enhancing the company's market presence [4] - The company plans to continue expanding its AI wearable product offerings and deepen cooperation with large model AI technologies [6] Group 5: Future Outlook - The company aims to enhance its market competitiveness by continuously upgrading product performance and establishing a strong brand image [5][6] - Future developments will focus on smart wearable glasses and other AI applications, leveraging cloud-based AI capabilities [6]