Huawei Mate60 series of mobile phones hot in the capital market triggered a hot market, many Huawei concept stocks set off one after another up and down the tide.

on September 8, the "star flash concept stock" took over the "Huawei market" and became the "most beautiful boy" in the market, including chuangyao technology (688259). the stock rose on the same day and closed at 91.82 yuan/share, with a market value of 7.3 billion yuan. On the same day, Chuangyao Technology issued a stock price change announcement, making it clear that the company's star flash chip is mainly used in consumer products, will not be used for mobile phone terminals.

on the news, at 10:08 a.m. this morning, Huawei Mate60 Pro + and Huawei's new folding screen mobile phone Mate X5, the latest addition to Huawei's "pioneer plan", officially opened the scheduled sales, and were sold out as soon as they went online. It is reported that Mate60 will be equipped with "star flash" black technology for the first time, which is a major application of Mate60. Compared with traditional wireless connection technologies (such as Bluetooth and Wi-Fi), starlight technology reduces power consumption by 60%, increases data transmission rate by 6 times, reduces latency to 1/30th, and increases the number of connections by 10 times. According to Shen Wanhongyuan, the introduction of star flash technology is expected to open up a broad imagination in applications such as smart cars and consumer electronics.

As an integrated circuit design enterprise, Chuangyao Technology focuses on the R & D, design and sales of communication core chips, and provides supporting application solutions and technical services. The market's concern for Chuangyao Technology stems from the company's layout of new products in the stars.

according to introduction, chuangyao technology star flash chip has completed mass production, and will jointly set up a project with IoT product customers in the second half of 2023 to develop high-performance wireless terminal equipment equipped with star flash chip. end customers include vehicle manufacturers, Tier1 manufacturers and consumer electronics manufacturers, etc. in-car applications include smart cockpit surround sound, headrest sound and commercial vehicle 360 surround view; applications in consumer electronics include e-sports mice, keyboards, etc. The chip is currently in the verification stage of function and reliability. However, Chuangyao Technology has previously said that Xingshan chip-related products are currently in the research and development stage, and marketization and volume will depend on the application of terminal manufacturers. It is expected that the contribution to revenue will be small in 2023 and may contribute part of revenue in 2024.

today, several investors asked chuangyao technology on the interactive platform about the research and development and mass production progress of xingshan's new products, whether they are applied to mobile phones, and whether they are members of Huawei's xingshan alliance. After the market, Chuangyao Technology responded to the above-mentioned questions in the form of an announcement, saying that at this stage, the project to jointly develop wireless terminal equipment equipped with Star Flash chips with consumer product customers is still in the project stage, and there is no clear timetable for the product to be introduced to the market. At the same time, the star flash chip is mainly used in consumer products, such as wireless mouse, keyboard, wearable devices, will not be used in mobile phone terminals.

Chuangyao Technology further stated that the current production and operation activities are all normal, the market environment and industry policies have not undergone major adjustments, and production costs and sales have not fluctuated significantly.

After the recent sharp rise, Chuangyao Technology's P/E ratio has been higher than the industry average. As of now, the company's rolling P/E ratio is 82.61 times, while its software and information technology service industry has an average rolling P/E ratio of only 61.81 times in the most recent month.

It is worth mentioning that it is currently in the reduction range of Huzhou Kaifeng Houze Equity Investment Partnership (Limited Partnership) (hereinafter referred to as "Kaifeng Houze"), the second largest shareholder of Chuangyao Technology. In May of this year, Kaifeng Houze issued a reduction plan. Due to its own business development needs, it plans to reduce its holdings by centralized bidding and block transactions by no more than 4.8 million shares, accounting for 6% of the total share capital. Public information shows that Kaifeng Houze is the initial shareholder of the listed company, holding 11.3206 million shares, accounting for 14.15 of the total share capital. So far, Kaifeng Houze has not reduced its holdings.

In terms of performance, due to the adverse effects of the economic downturn, weak demand, and high customer inventory levels, Chuangyao Technology's net revenue in the first half of the year fell, of which revenue was 0.296 billion yuan, a year-on-year decrease of 37.73; net profit was 34.0514 million yuan, A year-on-year decrease of 33.2.