Securities Star News, on February 2, 2024, Xi Di Wei (688173) announced that the company would accept institutional research on January 31, 2024, lyGH Capital Li Xuelai, Beijing Hongcheng Investment Management Co., Ltd. Liu Jingyuan, Haijin (Dalian) Investment Management Co., Ltd. Cai Rongzhuan, Huabao Fund Management Co., Ltd. Wu Xinyi, BOCOM Schroder Fund Management Co., Ltd. Yu Chang, Dongxing Fund Management Co., Ltd. Zhang Huxue, Guangdong Zhengyuan Investment Co., Ltd. Qi Chen, CICC Fund Management Co., Ltd. Wang Yang, Xunyuan Asset Management (Shanghai Tian Chaoping, soochow Fund Management Co., Ltd. Zhang Haojia, Suzhou Bank Asset Management Co., Ltd. Dewey, Everbright Prudential Fund Management Co., Ltd. Yang Yifei, Shanghai Panjing Investment Management Center (Limited Partnership) Wang Li, Shanghai Tongyuan Investment Development Co., Ltd. Zhao Yang, Morgan Stanley Huaxin Fund Management Co., Ltd. Li Ziyang, Ruiyuan Fund Management Co., Ltd. Liu Ping, Shanghai Decheng Investment Management Co., Ltd. Tang Qi, Ltd. Fund Management Co., Ltd. Wang Wenlong, Zhongtai Securities Co., Ltd. Li Shuowen Wang Jiuhong, Ping An Fund Management Co., Ltd. Mo Jiao, Everyone Asset Management Co., Ltd. Xu Bo Xu Bo, CITIC Jiantou Securities Co., Ltd. Liu Lan, Tianhong Fund Management Co., Ltd. Pang Dezhi, Shanghai Jisheng Investment Management Co., Ltd. Liu Qinglin, ICBC Credit Suisse Fund Management Co., Ltd. Jinxin, Haichuang Fund Management Co., Ltd. Xie Hantao, China Merchants Fund Management Co., Ltd. Hang, Shanghai Jingxi Investment Management Partnership (Limited Partnership) Fang Yan Wu Danni, Jingshun Great Wall Fund Management Co., Ltd. Liu Yu Wang Yong, Chengluo (Shanghai) Investment Management Center (Limited Partnership) Ma Xingchuan, Pengyang Fund Management Co., Ltd. Xu Chao Sun Biying, Qingdao Mi Jia and Private Equity Fund Management Co., Ltd. Li Jiahao, Great Wall Wealth Insurance Asset Management Co., Ltd. Yang Haida Hu Jiyuan, Korea Investment Trust Co., Shanghai representative Office Wang Wenwen, Haifutong Fund Management Co., Ltd. Liu Haixiao, Changsheng Fund Management Co., Ltd. Tang Qiyong, Cathay Pacific Fund Management Co., Ltd. Zhang Yang, Yin Hua Fund Management Co., Ltd. Guo Lei, Shenzhen Lingji Capital Management Co., Ltd. Fang Li, China Post Securities Co., Ltd. Wu Wenji Wan Wei, Wanjia Fund Management Co., Ltd. Sun Yuanhui, AVIC Fund Management Co., Ltd. Wang Zirui, Shanghai Zhou Fengchun, Xingyin Fund management Co., Ltd. Chen Yuxiang, Zhong 'an Online Property Insurance Co., Ltd. Gao Xiang, Beijing Runhui Asset Management Co., Ltd. Pan Jang, Shenzhen Qianhai Wutong Capital Management Co., Ltd. Zhou Yifan, Everbright Securities Co., Ltd. (self-operated) liuyong, Western Profit Fund Management Co., Ltd. Hou Wenjia, Xiniu Investment Management (Beijing) Ltd. Gao Cencen, Yimin Fund Management Co., Ltd. Chen Jiangwei, Tianfeng International Asset Management Hailey, China Petroleum Group Pension Asset Management Co., Ltd. Li Xuewen, LCRICH CAPITAL MANAGEMENT Yan Huichen, Huiquan Fund Management Co., Ltd. Zhou Xiaodong, Shenzhen Zhanbo Investment Management Co., Ltd. Xiao Bin, China Merchants Securities Asset Management Co., Ltd. Wu Tong, Taiwan Franklin Huamei Chen Hongyi, Century Securities Co., Ltd. Xin Weiting, Wang Bin of Zheshang Fund Management Co., Ltd., Zhu Zhixuan of Harmony Health Insurance Co., Ltd., Zhao Hao of Shanghai Gaoyi Asset Management Partnership (Limited Partnership), Bai Bingyang of Fuguo Fund Management Co., Ltd., Guo Hang of Hongde Fund Management Co., Ltd., Wei Xiaoxue of Lubo Mai Fund Management (China) Co., Ltd., Zeng Shaocong of Lujiazui Guotai Life Insurance Co., Ltd., China Minsheng Bank Co., Ltd. Yu Yan of Securities Co., Ltd., Chen Lei of Xinhua Fund Management Co., Ltd., Lan Shengze of Zhejiang Jing 'an Investment Management Co., Ltd., Fang Junping of Shanghai Life Insurance Co., Ltd., Li Yabin of Boshi Fund Management Co., Ltd., Gao Peng of Galaxy Fund Management Co., Ltd., Luo Yiyang of Tianfeng Securities Co., Ltd. and Cao Fubiao of Orient Securities Co., Ltd. participated.

The details are as follows:

Q: How will the company's future business focus be arranged?

A: according to the division of downstream application areas of the company's products, in the short term, the consumer electronics business is still the basic disk of the company. On the basis of the existing consumer electronics application areas, the company will actively lay out the automotive electronics field, make efforts in the fields of communication and storage, and constantly establish new revenue growth points.

Q: Is the company still focusing on overseas business?

A: The company maintains a close cooperative relationship with customers at home and abroad. In the field of consumer electronics such as mobile phones, the company's products have obtained reference designs from major chip platform manufacturers such as Qualcomm (Qualcomm) and MediaTek (MTK), and have been widely used in consumer electronics devices of brand customers such as Samsung, Xiaomi, Glory, OPPO, vivo, Transfar, TCL, Google, Logitech, etc. In the field of automotive electronics, the company's car gauge products have been used in Audi, Hyundai, Kia, Xiaopeng, Hongqi, asked the world, Changan and other brands of cars.

Q: Regarding the voice coil motor driver chip product line, how does the company view the domestic competitive situation and future market trends?

A: In recent years, with the rapid growth of social media platforms, consumers have higher requirements for the camera performance and imaging quality of smart phones. In this context, optical anti-shake has gradually become the standard of high-end mobile phones, the future with the performance of high-end models of camera performance expansion and optical anti-shake technology to the low-end models of the sinking, the technology coverage will be further broadened, the technology-related voice coil motor drive chip will continue to grow. In other emerging fields, such as notebook computers, Internet of Things, medical, automotive electronics, security, industrial and other markets, users' demand for clear images is also growing. Autofocus and optical image anti-shake technology are expected to gain more market space in these fields.

Q: What is the impact of charging power on the company's business?

Answer: The increase in charging power will shorten the charging time of the mobile phone and bring a better experience to users. This part mainly corresponds to the company's super fast charging chip products (charge pump). Different models of different mobile phone customers have different requirements for charging power. The company will further improve technical solutions to improve charging efficiency, reduce heat generation, extend service time and improve product performance according to customer needs.

Q: Does the cooperation between the company and Korea Mobile bring about customer import?

a: the company has obtained the exclusive right to use the relevant patents and technologies of auto-focus (uto Focus) and optical image anti-shake (Optical Image Stabilization) in greater China. voice coil motor drive chip products have entered the supply chain of mainstream consumer electronics customers such as OPPO, vivo, glory, Lenovo, etc., covering a variety of consumer electronics terminal products, and deepening the cooperation relationship between the company's existing consumer electronics customers.

Q: How is the handover between the company and Korea Movement progressing?

A: The transfer of the supply chain of the voice coil motor drive chip product line is an ongoing process, and the company is still progressing in an orderly manner.

Q: Is the sales mode of the company and mobile phone customers to ship directly or through distributors?

A: Different mobile phone customers will have different sales models. According to industry practice, the cooperation between the company and mobile phone customers is more of a distribution model.

Q: Will the company continue to make provision for inventory depreciation?

A: The company's finance department will carefully evaluate the provision for inventory decline in accordance with the requirements of accounting standards, taking into account the market demand and turnover rate of the relevant inventory.

Xidi Micro (688173) main business: including power management chips and signal chain chips, including analog integrated circuit research and development, design and sales.

Xi Di Wei's third quarterly report in 2023 showed that the company's main revenue was 0.399 billion yuan, down 14.88 percent from the same period last year. Net profit attributable to the parent was 16.1336 million yuan, down 37.95 percent from the same period last year. Deduct non-net profit -0.115 billion yuan, down 833.07 percent from the same period last year; In the third quarter of 2023, the company's single-quarter main revenue was 0.222 billion billion yuan, up 36.46 percent from the same period last year, year-on-year decrease of 830.63; Single-quarter non-net profit -29.915 million yuan, down 74137.28 year-on-year; Debt ratio 7.82, investment income 15.0691 million yuan, financial expenses -14.6689 million yuan, gross profit margin 26.31.

The stock has been rated by two agencies and bought by two in the last 90 days.

The following is detailed earnings forecast information:

The margin trading data shows that the net inflow of financing of the stock in the past three months has 3.5409 million, and the financing balance has increased; the net outflow of securities has 56.9241 million, and the margin trading balance has decreased.

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