Rockchip(603893)2024-05-17 11:14Group 1: Financial Performance and Market Trends - The company reported a significant recovery in market demand during Q1 2024, with expectations for continued growth in Q2, particularly in the AIoT sector [2] - As of March 31, 2024, the company's inventory stood at CNY 1.15 billion, down from CNY 1.51 billion in June 2023, indicating a positive trend towards a more reasonable inventory level [6] - The company plans to distribute a cash dividend of CNY 0.2 per 10 shares, totaling CNY 83.62 million, with a cash dividend ratio of 62% for 2023 [6] Group 2: Research and Development Focus - The company has maintained a R&D investment ratio of approximately 20% of revenue for the past 10 years, focusing on AIoT chips and related technologies [3] - Key R&D projects include the development of AI co-processors, mid-to-high-end visual processors, and new SoC processors [3] - The company aims to enhance its position as a leading AIoT SoC chip supplier by continuously improving core technologies and product applications [3] Group 3: Product Development and Market Applications - The company has launched several new products in 2024, including the RK3576 AIoT processor and RK2118 audio processor, with mass production expected to begin in Q2 [4] - The automotive electronics sector has seen significant advancements, with multiple models equipped with RK3588M already in mass production [4] - The company’s products are widely used in various machine vision applications, covering sectors such as home, commercial, and industrial [5] Group 4: Strategic Partnerships and Market Position - The company has established partnerships with several leading domestic automotive manufacturers for the mass production of various vehicle models [4] - The competitive landscape in the image processing SoC market is intense, but the company leverages its long-term expertise in imaging and AI technologies to maintain a competitive edge [5] - The company is actively exploring new market opportunities in edge and endpoint AI products, responding to the growing demand for AI capabilities in smart hardware [5]