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Are Strong Financial Prospects The Force That Is Driving The Momentum In Amlogic (Shanghai) Co.,Ltd.'s SHSE:688099) Stock?
Amlogic (688099.SH): The T-series products continue to achieve important customer and market breakthroughs, with sales revenue in the first half of the year increasing by 70% YoY.
Amlogic (688099.SH) recently stated during a specific object reception that the company's T-series products continue to achieve important customer and market breakthroughs, with sales revenue increasing by about 70% year-on-year in the first half of the year. Overall, the TV market had good demand in the first half of the year due to sporting events; however, the growth of our company's T-series chips in recent years is not based on the logic of the overall expansion of the TV market, but on the logic of improving product competitiveness and increasing market share. This can be confirmed by comparing the speed of our T-series growth in recent years with the overall TV market.
Amlogic (688099.SH): R&D expenses of approximately 0.674 billion yuan occurred in the first half of the year.
Amlogic (688099.SH) stated during a recent research reception for specific parties that the company's R&D expenses in the first half of 2024 will be around 0.674 billion yuan, with about 0.328 billion in the first quarter and about 0.346 billion in the second quarter. The estimated annual growth rate for R&D expenses is 15%-25% (see shareholder meeting materials disclosed in April of this year).
Amlogic (688099.SH): The comprehensive gross margin of the company in Q2 2024 has improved both year-on-year and quarter-on-quarter.
Amlogic (688099.SH) recently stated during a specific research reception that the company's pricing system is robust. The comprehensive gross margin in Q2 of 2024 increased both year-on-year and quarter-on-quarter. Currently, the product pricing system and product line gross margin are both stable, while the gross margin fluctuates with changes in product sales structure. On the other hand, the company has designated this year as a year for improving operational efficiency, focusing on the full process and entire chain of product operation, thoroughly exploring the potential for improving efficiency, and determining a series of actions to improve operational efficiency based on the company's current scale advantages. As these actions are gradually improved, their effects will be seen.
Amlogic (688099.SH): Currently, the proportion of overseas income for each product line is higher than the proportion of domestic income.
Amlogic (688099.SH) recently stated during a research conducted for a specific target that, in terms of revenue proportion in Q2 2024, T Series ranks first, followed by S Series, A Series, W Series, and V Series. Currently, the overseas revenue proportion of each product line is higher than that of domestic revenue proportion.
Open Source Securities: Continuous recovery of downstream demand, various SoC companies are expected to start a new phase of growth.
Affected by factors such as destocking and weak downstream demand, the performance of various SoC companies in Q2 2023 was at a low point. The destocking phase of the SoC industry is gradually ending in 2024, and downstream demand continues to recover, resulting in a significant year-on-year growth in performance in Q2 2024.
Bearish: Analysts Just Cut Their Amlogic (Shanghai) Co.,Ltd. (SHSE:688099) Revenue and EPS EstimatesNo Data
