AIoT chip company's performance disclosure for the first three quarters: multiple companies have experienced leapfrog growth, and Ruixin Micro's net profit has surged by 300%

Currently, the global semiconductor market is entering a recovery phase, and the Semiconductor Industry Association (SIA) predicts that global semiconductor industry sales will achieve a growth of 13.1% in 2024. The rapid development of AI technology has significantly driven the demand for high-performance semiconductor products, becoming an important driving force for the development of the semiconductor industry. At the same time, as one of the world's largest consumer electronics markets, China's demand for semiconductor products continues to grow.
Recently, several listed companies in the semiconductor industry have disclosed their performance forecasts for the first three quarters of 2024, with a generally optimistic trend reflecting a rebound in market demand. Electronic Enthusiast Network has compiled the performance of some listed companies in the Internet of Things chip industry, including five companies: Ruixin Microelectronics, Quanzhi Technology, Juxin Technology, and Lihe Microelectronics. From their performance in the first three quarters, we can see changes in technology and market demand. Ruixin Micro: Net profit surged by over 300% in the first three quarters, with new products becoming a new growth point
Benefiting from the development of the AIoT market, Ruixinwei's products have achieved certain results in the automotive electronics, industrial, industry, consumer and other markets, especially in the traditional peak season of the consumer electronics market, which has enabled Ruixinwei to make a leap forward in the market in the third quarter of this year. Ruixin Micro expects to achieve a revenue of approximately 2.16 billion yuan in the first three quarters, a year-on-year increase of approximately 48.50%. In the third quarter, the operating revenue was about 910 million yuan, a year-on-year increase of about 51.42% and a month on month increase of about 29.18%, setting a new historical high for a single quarter. It is expected that the net profit attributable to the parent company in the first three quarters will be 340 million yuan to 360 million yuan, a year-on-year increase of 339.75% to 365.62%.
Regarding the growth of performance, Ruixin Micro stated that the demand for AIoT product lines showed a group growth in the first three quarters. The company leverages the advantages of the AIoT chip "goose shaped array" layout, with the RK3588 series as its flagship, to form a multi-level product portfolio that meets different needs in various product lines. It also leverages the advantages of NPU in AI algorithm implementation to promote continuous increase in market share in AIoT multi product lines. In addition, new products such as RK3576, RK2118, and RV1103B were quickly introduced to customers, allowing Ruixin Micro to quickly occupy the market and continuously release incremental value, becoming a new growth point.
This year's highly anticipated field of end-to-end big models and AI technology. Ruixin Micro's RK3588 and RK3576 are equipped with 6TOPs NPU processing units, which can support the deployment of mainstream 2B parameter level models on the end side, achieve multimodal search and recognition, and have been used in fields such as AI learning machines, dictionary pens, and smart speakers through functions such as large language model translation, summarization, and question answering. At the same time, Ruixin Micro has also deployed various AI algorithms that can be used in fields such as audio and video.
Tailingwei: Expected net profit growth of 58%, invested in the automotive industry
As a low-power wireless IoT chip enterprise, Tailing Micro has benefited from the increase in market demand this year, and its IoT products and audio production lines have achieved good results in both domestic and overseas markets. In the first three quarters of this year, the company expects to achieve a net profit of approximately 59.6122 million yuan, an increase of approximately 58.61% year-on-year.
For the growth of performance, Tailingwei mentioned two aspects. Firstly, the company actively explores domestic and foreign markets, increases customer investment and technical support, and has diversified its downstream application market layout, keeping up with domestic and international markets. Therefore, the revenue of IOT products and audio production lines both domestically and internationally continues to grow, resulting in an overall trend of revenue growth.
Secondly, due to the gradual easing of the tight supply chain situation in the semiconductor industry this year, the industry's supply chain production capacity is sufficient. At the same time, the company strengthens supply chain management, optimizes costs, and the gross profit margin has increased year-on-year, resulting in a significant increase in gross profit and net profit.
Tailingwei's audio chips have competitive advantages in low latency, dual-mode online, and other aspects. At the investor relations event, Tai Ling Micro announced that the company will launch a new generation of audio chips this year, which will have significant improvements in power consumption and performance, further enhancing the company's competitiveness in the audio field. In addition, Tai Lingwei has the most core competitiveness, which is the self-developed low-power Bluetooth, Zigbee, Thread, Matter and other protocol stacks. Compared with enterprises that purchase protocol stacks externally, the self-developed protocol stack can be continuously optimized and improved, and customized changes can be made according to customer requirements.
Tailingwei believes that smart electronic price tags, smart remote controls, smart homes, and other rapidly growing markets are also optimistic about markets such as smart logistics, smart healthcare, and smart industrial control. In addition, Tailingwei has also entered the automotive field, launching chips for digital keys in cars and developing wireless connection technologies for battery management systems (BMS) and other fields, launching solutions for various applications.
Juxin Technology: Unleashing the Potential of Various Product Lines, Successfully Developing Three Core Heterogeneous Architecture
Juxin Technology expects the company to generate 466 million yuan in the first three quarters, a year-on-year increase of 23.87%, and an expected net profit growth of 51.09%, reaching 70.9 million yuan. For the growth of performance, Juxin Technology stated that products such as end side AI processor chips, low latency and high sound quality wireless audio products, and Bluetooth speaker SoC chips have all made progress: end side AI processor chips continue to increase in volume, and sales revenue shows a multiple growth year-on-year. Low latency and high-quality wireless audio products have shown particularly impressive performance, with a significant increase in sales revenue. The Bluetooth speaker SoC chip series is steadily attacking top audio customers.