Shanghai 600171.SH said at an earnings presentation on December 6 that sales of products in the automotive electronics sector are growing rapidly and are expected to continue to achieve a large increase in sales in this sector next year, Zhitong Financial APP learned. At present, many of the company's automotive electronic products have achieved mass production, while the company is also in front of the car power management, MOS, IGBT, EEPROM, isolator, CAN interface and other products for layout and new product research and development; the company's ADC product research and development progress, sales in the first three quarters of this year showed a large increase compared with the same period last year. In addition, the power management, motor drive and power device products of the company's power chain plate are well matched with Jita Semiconductor's analog integrated circuit processing technology. Jita Semiconductor provides a strong support for the foundry processing of the company's IC products.
In the first three quarters of this year, the company achieved operating income of 1.427 billion yuan, down 5.74% from the same period last year; net profit belonging to shareholders of listed companies was 372 million yuan, down 26.74% from the same period last year. Among them, the company's "power special chips" and data converters used in areas such as smart meters are growing rapidly compared with the same period last year; ADC business accounts for a relatively low proportion of the company's IC sales revenue and currently accounts for less than 10 per cent of the main business income. In addition, the company currently has no sales of third-generation semiconductor products.
In terms of automotive electronics, the company's LED drivers, LDO and EEPROM for headlights, EEPROM, LDO and IGBT for vehicle air conditioning, LDO and EEPROM for electronic power steering, LDO for window control system, LDO, MOSFET for central control screen, MOSFET for water pump and other products have been put into mass production.
At the same time, the company is laying out the research and development of new products in more application fields of automotive electronics, including power management for automobile front installation, MOS, IGBT, EEPROM, isolator, CAN interface and so on. The company has made a comprehensive layout of product research and development in the field of automotive electronics, and it is progressing smoothly. Sales of products in the automotive electronics sector are growing rapidly and are expected to continue to achieve a large increase in sales in this field next year.
The company said that under the general trend of localization, the domestic market for automotive chips is broad, and the development momentum in the field of automotive electronics is good. The gross profit margin of the company's automotive chip products is higher than the average gross margin of the company's IC products.
Some investors asked about the talent team and incentives of the company, the company said that it attaches great importance to the development of the talent team, in addition to providing competitive remuneration, the company has launched two periods of restricted stock equity incentives. In addition, in recent years, the company continues to expand the scale of personnel, improve the R & D team, and set up two branches in Chengdu and Xi'an. At the same time, the company also continues to improve the R & D incentive policy to promote the long-term and healthy development of the company's talent team. In addition, for the three-year reform of state-owned enterprises, the company responded that it has been promoted in an orderly manner from multiple dimensions according to the relevant work arrangements of the controlling shareholders and actual controllers, which has been basically completed.