GLONGHUI, August 16 | Minsheng Securities's research report on the 15th pointed out that Serap (688536.SH)'s Q2 revenue declined slightly month-on-month, and gross margin was under pressure. The automotive and pan-industrial markets continue to advance, improving the layout in various fields. At the same time, the company cooperated strongly with leading domestic SoC companies to launch localized reference designs to help localize robots and car cockpit infotainment systems. The company introduced new signal chain and power management products, and the first MCU product was sampled for verification. Subsequent product lines have also entered the chip design stage, enriching and expanding the product portfolio in the direction of industrial control and new energy. The company's net profit for 2023/24/25 is estimated to be 123/333/589 million yuan respectively, and the corresponding current price of PE is 187/69/39 times, respectively. Maintain a “recommended” rating.
研报掘金丨民生证券：思瑞浦Q2毛利率承压，汽车、泛工业市场持续推进
Research Report Nuggets | Minsheng Securities: Sirap's Q2 gross margin is under pressure, and the automotive and pan-industrial markets continue to advance
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.