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The "Direct Shareholders' Meeting" section reports on-site, facing the core management such as the chairman of the listed company directly at the shareholders' meeting, focusing on long-term business strategies, major decisions, operational guidelines, aiming to enhance the company's image in the capital market, optimize investor relations management, and improve governance and development of the listed company.

Current Enterprise:

Xindong Lianke

▍Company Profile

Xindong Lianke mainly engages in the research, testing, and sales of high-performance silicon-based MEMS inertial Sensors, with its main Business focused on the research, testing, and sales of high-performance silicon-based MEMS inertial Sensors.

▍Corporate Highlights

The company has currently formed a complete product system of high-performance MEMS inertial Sensors with independent intellectual property rights and is in mass production and application. A technical closed loop has been established in key processes like MEMS inertial sensor chip design, MEMS process scheme development, packaging, and testing, along with a complete Business process and supply chain system.

▍Profit Model

The company adopts the commonly used Fabless Operation mode in the industry, focusing on the R&D, testing, and sales of MEMS inertial sensor chips, entrusting wafer manufacturing and chip packaging to specialized wafer manufacturers and packaging manufacturers, and selling externally after completing testing on finished chips.

According to the Star Daily on January 8 (Reporter Wu Xuguang), Xindong LianKe recently held its first temporary Shareholder meeting of 2024 at its office located at 7 ZhiChun Road, Haidian District, Peking, where it reviewed and approved the proposals for the election of independent Directors and for the election of Yu Gao as an independent Director of the company's second Board of Directors.

After the Shareholder meeting, Xindong LianKe responded to the Topics of concern from the market and investors.

The automotive-grade six-axis chip is expected to ship in mid-2025.

Xindong LianKe specializes in the R&D, testing, and sales of high-performance silicon-based MEMS inertial Sensors and has established a technical closed loop in key processes such as MEMS inertial sensor chip design, MEMS process scheme development, packaging, and testing.

Inertial Sensors are at the core of autonomous driving navigation. According to calculations by the Micro-Nano Manufacturing Industry Promotion Association, it is expected that by 2030, the market size of onboard inertial sensors in China's autonomous driving field will increase to 15.494 billion yuan, with a compound annual growth rate of 25.55%.

In November 2024, during an institutional research, CoreMotion announced that the company is currently developing a six-axis automotive chip and is also actively researching new products such as high-range pressure Sensors.

At the shareholders' meeting, personnel from CoreMotion's Secretary Office told reporters from the Star Daily and several attending shareholders that the company already has a designated manufacturer for Passenger Vehicles in the autonomous driving sector, but has not yet officially begun mass production. 'Generally, it takes about six months from designation to mass production, and we expect related inertial chip module products to be mass-produced by mid-2025.'

The aforementioned personnel from CoreMotion's Secretary Office further stated that besides the designated autonomous driving manufacturer, the company is also in contact with many autonomous driving manufacturers and has sent samples to some of them, 'By primarily engaging with vehicle manufacturers in the early stages, we can streamline the product system certification and quality certification processes.'

Industry insiders believe that due to the lengthy verification cycle for standard inertial chips and the fact that CoreMotion's inertial chip products are positioned at the high end with unit prices in the thousands or even higher, the application promotion speed of the company's related inertial chip products in the ordinary automotive industrial grade field is not very fast, influenced by pricing factors.

In response, personnel from CoreMotion's Secretary Office stated, 'To meet the demands of automotive market customers, the company is also developing a six-axis chip product applicable to automotive standards, which is currently in the normal research and development process. It is expected to be market-ready within one to two years.'

According to their introduction, although automotive-grade chips are targeted at the general industrial-grade product market, it is not a saturated market. Because in the domestic automotive-grade inertial chip field, the market threshold is relatively high, and currently, there are few domestic manufacturers. 'The main competitors are still international giants like Analog Devices, Bosch, and Murata. They are generally larger in scale, established earlier, and have higher market recognition.'

The low-altitude economy and humanoid robots are the incremental markets of the future.

In recent years, the low-altitude economy and robotics industries have gradually entered a high growth phase, driving the MEMS Industry into an upward cycle.

In the low-altitude flight sector, 'the company has contacted several related companies in the low-altitude flight field and has sent product samples.' On December 6, 2024, Siasun Robot&Automation stated on the investor interaction platform.

According to a person from Siasun Robot&Automation's Board of Directors, looking at the current status of the industry, the low-altitude economy and humanoid robots belong to emerging industries, 'Currently still in the initial stage, how much market space products like MEMS gyroscopes can have in these fields depends on the degree of future market openness. Currently, there are still many uncertain factors.'

'For example, in the humanoid robot market, there is currently no industry consensus, and different performance levels of gyroscope sensor products are needed, while there are price differences for gyroscope sensor products with varying performance levels.' The aforementioned Board of Directors representative of Siasun Robot&Automation added.

Regarding market predictions that 'in the future, humanoid robots will require four inertial chips at a price of around a thousand yuan for automotive standards,' Siasun Robot&Automation's Board of Directors representative believes that it is still too early to draw such conclusions.

In their opinion, on one hand, based on the current market development trend, the entire humanoid robot sector is still in the early research stage and has not yet entered large-scale mass production. Due to varying design solutions from downstream manufacturers, it is currently difficult to assess how many inertial chips a humanoid robot needs; on the other hand, there is uncertainty about how large the humanoid robot market space is and whether it will be as significant as the demand for new energy vehicles, where almost every household owns a humanoid robot.

The Science and Technology Innovation Board Daily reporter noted that apart from these incremental markets, the company's gyroscope products are currently targeting core markets such as measurement and surveying, oil exploration, and unmanned systems in high-end industrial fields.

The Earnings Reports indicate that as of the first three quarters of 2024, Siasun Robot&Automation achieved a revenue of 0.271 billion yuan, a year-on-year increase of 41.21%; and a net income of 0.138 billion yuan, a year-on-year increase of 42.39%.

A representative from the Board of Directors of Xin Dong Lian Ke stated, "Compared to the first generation of mechanical gyroscope Sensors and the second generation of laser fiber gyroscope Sensors, the third generation of high-performance silicon-based MEMS inertial sensor products represented by the company are smaller in size, have better shock resistance, and relatively lower prices. When facing the market for traditional first and second generation sensor products, the company's products contain enormous potential for upgrading and replacement, and it is expected to create a market space on the scale of hundreds of billions."