securities star news, on November 10, 2023, weijie chuangxin (688153) announced that the company would organize an on-site visit on November 8, 2023, with the participation of Centennial Asset Management, Capital Securities, Yi Fangda Fund, Bank of China Fund, Bank of China Securities, China Post Securities, Debang Securities, Northeast Securities, Oriental Fund, Guangfa Securities, Huatai Securities, Chaos Investment, Ping An Fund and Pudong Ansheng.

The details are as follows:

Q: L-PAMiD progress.

a: the company's highly integrated module L-PMiD products, which have received wide attention, are progressing smoothly. in the third quarter, large quantities of products have been shipped, and subsequent projects are being imported continuously.

Q: Low voltage version L-PAMiF product progress.

a: low-voltage version L-PMiF and phase 5N are the key products to be promoted this year. it can greatly reduce customer costs from the system and has been verified by platform manufacturers and head mobile phone brand customers.

Q: Progress on the receiving end.

a: the sales volume of the original products at the receiving end increased in the third quarter. The research and development of new products DRX and DiFEM are also progressing smoothly. samples are already available and are planned to be promoted at the client end in the fourth quarter.

Q: Routing end product layout.

A: The company's Wi-Fi 6/6E products for routers have been mass-produced and sold. The research and development of the new generation of Wi-Fi 7 products is progressing smoothly. It is currently being verified by platform manufacturers and is expected to be completed in the fourth quarter.

Q: The progress of car-grade products.

a: the company's full set of 5G car gauge products have been verified and are expected to achieve large-scale mass production in 2024.

Q: The percentage of revenue from different products in the third quarter.

a: compared with the previous quarter, the proportion of product revenue at the transmitting end and receiving end did not change much in the third quarter. the proportion of 5G products in the transmitting end increased and the proportion of 4G products decreased. In the long run, the proportion of 5G products will continue to increase.

Q: Reasons for changes in gross margin during the reporting period.

A: the company's gross profit margin decreased during the reporting period, mainly due to the decline in the sales price of 4G mature products. However, the gross margin of 5G products and receiving end modules is relatively stable, and the new products also make a positive contribution to the company's overall gross margin.

Q: The fourth quarter is the off-season for the industry, but what are our considerations for stocking up?

A: Consumer electronics does have a traditional off-peak season, and overall demand has not seen obvious signs of recovery. But specific to our company, the second half of the year is the stage of large-scale production of new products. Based on the judgment of the future demand of customers, we are actively preparing for production in a planned way.

Q: the definition and demand of the phase 8 program and the company's technical reserves.

a: the next generation of highly integrated module phase 8 for the middle and high-end markets is still in the stage of product definition and architecture design, and it is expected that real commercialization will not be realized until 2025. Compared with the existing phase 7LE products, it is expected that the new scheme will not only optimize and improve the product area and performance, but also support more new frequency bands and functions, such as satellite communication. Based on the large-scale mass production and sales of phase 7LE module products, the company has accumulated relevant technologies and its modularization capability has been widely recognized. The company is cooperating with platform manufacturers and end brand customers to participate in the product definition of phase 8 scheme. At present, the research and development progress of this generation of products by the company and international manufacturers is basically synchronized.

Q: Overseas Android customer expansion.

A: The company attaches great importance to the promotion of products at overseas potential customers, and will communicate with the market in a timely manner if there is any progress.

Weijie Chuangxin (688153) main business: research and development, design and sales of RF front-end chips.

the third quarter report of weijie chuangxin in 2023 showed that the company's main revenue was 1.611 billion yuan, down 9.39 percent from the same period last year. Net profit attributable to the parent -12.5183 million yuan, down 121.69 percent from the same period last year; Deduct non-net profit -14.7223 million yuan, down 147.13 percent from the same period last year; In the third quarter of 2023, the company's main revenue was 0.72 billion yuan, up 54.47 percent from the same period last year; non-net profit was deducted by 49.4233 million yuan in a single quarter, up 133.82 year on year. Debt ratio 18.22, investment income -24.3594 million yuan, financial expenses -62.9457 million yuan, gross profit margin 26.27.

The stock has been rated by 12 institutions in the last 90 days, with 11 buying ratings and 1 overweight rating; the average institutional target price in the past 90 days is 79.64.

The following is detailed earnings forecast information:

Margin trading data show that the net outflow of financing of the stock in the past three months is 9.5443 million, and the financing balance is reduced; the net outflow of securities is 8.2758 million, and the balance of securities is reduced.

The above content is compiled by Securities Star based on publicly available information, generated by an algorithm, and has nothing to do with the position of this site. Securities Star strives for but does not guarantee the accuracy, completeness, validity, timeliness, etc. of all or part of the information (including but not limited to text, video, audio, data and charts). If there is any problem, please contact us. This article is a data compilation, does not constitute any investment advice for you, investment is risky, please be cautious in your decision-making.