A few days ago, 603160.
SH released its 2023 financial results, showing that the company’s operating income in 2023 was 4.
408 billion yuan, an increase of 30.
3% over the same period last year.
The net profit belonging to shareholders of listed companies was 165 million yuan, achieving a turnround from 2022-750 million yuan to 2023.
Huiding Technology, founded in 2002, is a comprehensive application solution provider based on chip design and software development, covering mobile phones, automotive, AloT, industry and other fields.
In the automotive field, the company’s high-performance touch screen control chips, touch button control chips, vehicle gauge-level fingerprint recognition solutions and in-vehicle voice enhancement solutions have been successfully applied to many overseas, joint venture and independent brands, such as Nissan, Toyota, SAIC, Guangzhou Automobile, as well as new energy vehicle brands BYD, ideal and so on.
Source: Huiding Technology, as the first A-share listed company in China’s semiconductor field with a market capitalization of more than 100 billion yuan, Huiding Technology has moved towards “highlight” many times since its establishment more than 20 years ago.
for example, outside Apple, the first domestic manufacturer to make 10-point touch chips, the first domestic fingerprint chip shipments, and so on.
At the same time, it has also repeatedly faced market challenges and performance risks, such as the gradual decline of the “fixed phone chip” market, the operating crisis caused by a single product, etc.
, but each time the company has made a rapid transformation.
by digging new technologies and new market space to support enterprises to move towards the peak again, this time the same is true.
Since 2020, as the smartphone market has entered the stock era, the competition in the main business track is fierce, and the revenue of Huiding Technology has gradually declined, from 6.
687 billion yuan in 2020 to 3.
384 billion yuan in 2022.
In fact, Mr.
Zhang Fan, chairman and CEO of Huiding Technology, was aware of the problem of single business earlier.
He once said publicly: “Huiding will not stick to one technology until it is old, and the company is laying out the next market of hundreds of billions of dollars.
” Therefore, in the face of new challenges, Huiding Technology has opened a diversified strategic development, gradually expanding into the Internet of things and automotive and other areas, and the diversified and stable revenue structure is also one of the core reasons for the improvement of its business.
Thanks to the rapid development of intelligent electric vehicles and the deep accumulation of technology in the intelligent terminal market, in recent years, the speed of mass production of ● vehicle products has been significantly accelerated: Huiding technology has won more customer orders and recognition in the field of vehicle touch, such as commercial use on BYD and Xiaopeng models.
Huiding pointed out that in 2024, the company will continue to focus on existing products and develop new products, hoping to win more recognition from domestic and overseas high-end brands in the future.
● on-board audio: Huiding audio software CarVoice has been introduced into many automotive customers, such as BYD, Toyota, Xilai, Geely and so on.
At present, the research and development of vehicle audio hardware is being carried out steadily, and the vehicle power amplifier is expected to be launched this year and next year.
Huiding Technology pointed out that through the combination of software and hardware products, car audio products will create better revenue for the company in the next few years.
● digital car keys: since 2023, the company has been committed to promoting digital car key solutions, including BLE, NFC and security products eSE.
Among them, the Bluetooth digital car key scheme has been cooperating with head customers.
● automotive fingerprint field: Huiding Technology has developed a vehicle specification-level vehicle fingerprint scheme with the combination of software and hardware, and has been applied to some automobile customer models.
It is expected that there will be new commercial use this year and next year.
In addition to the above, with the continuous maturity of light sensing products and technology, it will gradually enter the vehicle market in the future and be used in automotive applications such as wiper light perception.
At present, the company has transformed from a single product to a diversified product matrix, and every category of products currently used in mobile phones have opportunities in the car market.
” Zhang Fan pointed out.
In addition to speeding up the introduction of products, Huiding Technology has also strengthened the integration of resources in the automotive industry.
For example, in February 2020, the company completed the $165 million acquisition of NXP’s VAS business, which focuses on voice and audio application solutions, which laid a good foundation for Huiding Technology to expand in the field of vehicle audio.
In addition, the acquisition of Dream Chip Technologies GmbH, a German system-on-chip design company, also demonstrates Huiding’s ambitions in the field of automotive chips.
DCT has world-class technology in the fields of very large-scale system-on-chip (SoCs), FPGA, embedded software and systems, and its products are mainly used in automotive vision systems.
The acquisition of DCT can help Huiding enter the market of visual processing technology and automotive specification-level chips.
Generally speaking, the rapid expansion of Huiding technology in the automobile industry, on the one hand, confirms that intelligent electric vehicles have brought new growth space and opportunities to the chip market, and on the other hand, it also highlights the keen market insight of enterprises.
and the spiritual idea that dares to expand regardless of temporary frustration.
With the deepening of penetration in new areas, the company may usher in a new period of growth.
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