In the near future development foreground of Zhuo Shengwei is analysed

In the near future Zhuo Shengwei is facing a lot of good luck and challenge, extend capacity by right of technical advantage and market, hopeful is in homebred outstanding achievement of the implementation in replacing a process grows, but also need to answer the risk such as market competition and technical iteration. Concrete analysis is as follows:

Advantageous element:

• Market demand increases: Forecast according to Yole Development, to 2028 dimensions of market of front of radio frequency of global shift terminal will reach 26.9 billion dollar, future still will maintain several years of about 5.8% year all add fast. As promotion of permeability of 5G mobile phone, permeability of global 5G mobile phone exceeded 60% 2025, and WiFi6/7 gains ground quickly, will drive growth of dimensions of market of radio frequency front, the product hopeful such as group of model of Zhuo Shengwei’s L-PAMiD, WiFi7 is benefited.
• Homebred replace good luck: Self-sufficient rate target amounted to front of domestic radio frequency 2027 35% , homebred replace quickly. Zhuo Shengwei regards chip of front of domestic radio frequency as bibcock, be changed by right of modular group and filter changes a dominant position independently, hopeful is in portion of more of high-end market race to control, city of its whole world is occupied rate predict from the 3%-4% 2024 promotion comes the 5%-6% 2027.
• Product application is extended: Intelligent car permeability promotes, demand of chip of radio frequency of car plan step year compound increase rate exceeds 20% , group of model of Zhuo Shengwei V2X already obtained Biyadi, colourful to wait for order of car look forward to, the car carries business income to occupy come from the 5% promotion 2024 than hopeful 15% 2027, car electron business will make new outstanding achievement point of growth.
• Technology and produce can advantage: Zhuo Shengwei produces a line 6 inches of focusing MAX-SAW to already realized first phase 10 thousand / lunar target, 2 period the program increases to 16 thousand / month, quantity of dimensions of make one’s bow of platform of 12 inches of IPD produces level, the product already used the relevant model group such as L-PAMiF, LFEM to produce IPD filter oneself entirely, as produce can promote, demand of better contented market. In the meantime, investment of company research and development increases continuously, pile of active reserve 3D is enclosed, short the technology such as the SoC chip that is apart from communication to feel an organic whole, conduce to carry a technology lead position.
• The client is resourceful: Company and China for, the deepness of manufacturer of mainstream mobile phone such as millet, OPPO is bound calm, can participate in its to grind oneself plan of radio frequency of SoC form a complete set, the technology is comfortable match capacity strong, order is agglutinant tall, the abidance that is helpful for a product sells the stability with market share.

Adverse element:

• Market competition is intense: Market of front of global radio frequency appears oligopoly situation, the beautiful department manufacturer such as Skyworks, Qorvo, Broadcom holds staple market share, home also has only nimble achieves the enterprise such as core, Hui Zhiwei to compete, zhuo Shengwei faces bigger competition pressure, need to promote product sex to be able to be mixed ceaselessly reduce cost in order to maintain competition ability.
• Technical iteration risk: Development of radio frequency technology is rapid, if BAW filter is in high frequency paragraph have an advantage, if Zhuosheng is small cannot iteration of seasonable follow-up technology, although its MAX-SAW technology has cost advantage, but in high frequency paragraph application may suffer be restricted, core coulds there be in the enterprise BAW quantity such as microelectronics of wave, contest is produced likely also billabong market share.
• Outstanding achievement is short-term bear pressure: Mixed 2024 2025 first quarter, zhuo Shengwei puts in parent net profit ‘s charge to glide apparent, basically suffer core eminent to produce line depreciation, market competition is intense and consumptive electron demand anticipates not as good as wait for element influence. Although did not come outstanding achievement hopeful to good, but short-term inside still may face risk of outstanding achievement wave motion, and build existence of mode yield a line to weigh capital investment and technical iteration risk oneself, if produce a line to climb slope plan to anticipate not as good as, influence company profit.
• Risk of merchandise keep long in stock: End eminent got the better of dimensions of small goods in stock to be as high as 2.521 billion yuan 2024, grow 68.88% compared to the same period, goods in stock occupies battalion to receive specific gravity to climb litre, number of day of have enough to meet need of goods in stock increased considerably first quarter 2025. If industry stock goes changing cycle longer, the company may be faced with goods in stock to reduce cost risk, affect business performance of financial standing and classics.