Home appliance chips account for the largest share of revenue, and sales of 502030 battery management chips have the fastest year-on-year growth

Not long ago, Zhongying Electronics released its 2018 performance forecast, predicting a net profit of 161.7 million yuan to 172.4 million yuan in 2018, up 21%-29% year-on-year, and handed in a stable and rising report card. Recently, Zhongying Electronics has received research from many institutions and responded to related issues such as the development status of its various products in 2018.

Zhongying Electronics was established in 1994 and focuses on the design of single-chip microcomputer (MCU) products. Its main products include home appliance chips, lithium battery management chips, smart meter management chips and OLED display driver chips. Zhongying Electronics said that the company's products have a certain degree of versatility, but they are particularly suitable for specific product applications. The company will continue to invest in research and development according to market demand, and its products can be used in many fields.

Among Zhongying Electronics' various product categories, home appliance chips account for the largest share of revenue. Zhongying Electronics said that the sales of home appliance main control chips accounted for about half of the company's total sales in the first three quarters of 2018. After the rapid growth in 2017, the company's customers' demand for home appliance main control chips was relatively stable in 2018. But overall, the number of new design-ins increased significantly compared with the same period last year, accumulating the momentum for continued expansion of market share in the home appliance main control chip market in the future.

Zhongying Electronics released its 2018 performance forecast. Home appliance chips accounted for the largest proportion of revenue, and the sales of lithium battery management chips grew fastest year-on-year.

As for lithium battery management chips, Zhongying Electronics said that among all product lines, the sales of lithium battery management chips grew fastest year-on-year, and the application scenarios of the products continued to increase. In addition to being used in laptop battery packs, they can also be used in mobile phone lithium battery metering chips, electric bicycle lithium battery protection chip markets, etc. Zhongying Electronics also pointed out that the company has effectively broken through the monopoly of overseas international manufacturers in this field, and the market space for lithium battery management chips to replace imports is still very broad, and the market itself is also growing.

In addition, regarding the AMOLED product line that the industry is paying more attention to, Zhongying Electronics said that the sales of the company's new AMOLED display driver chips are still in the initial stage, and the quantity is not large, but the product is quite competitive in the market application field it has entered, and there is a good chance that the subsequent sales volume will show a steady growth trend. Zhongying Electronics stated that the company will continue to deeply root the technology of AMOLED display driver chips, enhance its technical strength, and actively seize the business opportunities of the take-off of the domestic AMOLED industry.

When asked whether it considers using epitaxial growth to develop, Zhongying Electronics responded that foreign investment is the strategic direction of the company's operations and has been evaluating it. The company will actively consider cooperation with chip design companies related to wireless communications, motor control and power supply, or epitaxial growth methods of strategic partners to make the company stronger and bigger, focusing on the relevance and complementarity of important core technologies and company technologies, as well as the future stability of the R&D team of the acquired company, and also synergy and development prospects.

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