According to Securities Star News, on November 29, 2024, Guoxin Technology (688262) issued an announcement saying that Huaan Fund, Oriental Alpha Fund, Chuangjin Hexin Fund, China Resources Yuanta Fund, Xinjiang Qianhai United Fund, Everbright Securities, Capital Securities, GF Securities, China Securities Construction Securities, Guosen Securities, Changjiang Pension, Bank of Communications Schroder Fund, CMB Wealth Management, China Merchants Asset Management, PICC Assets, China Southern Power Grid Dinghe Insurance, Shanghai Shuipu Private Equity Center, Shanghai Zhengxin Valley, Shanghai Fusheng Partnership, and Shanghai Xinlan, Shenzhen Zhongou Ruibo Management Co., Ltd., Shanghai Qushi, Guotai Fund, Shanghai Shipping Boat Private Equity, Tongchuang Jiaye Asset Management, Chenhe Investment, Shanghai Pengshi Investment, Shanghai Youxi Asset Management, Fujian Blackstone Investment, Beijing Yihe Jiufu, Yongying Fund, SDIC UBS Fund, China Securities Construction Investment Fund, Caitong Fund, Founder Fubon Fund, and Fuanda Fund investigated our company on November 26, 2024.

The details are as follows:

Q: What are the application scenarios of the company's AI MCU products?

Answer: In August 2024, the company launched a new product CCR4001S for end-side I MCUs that support generative control, which is based on the company's independent RISC-V architecture C*Core CPU core, with I NPU, supporting intelligent control algorithms and adaptive frequency conversion control algorithms, and is an intelligent control scene MCU chip designed for smart home appliances, industrial control, new energy, robotics and other fields, designed and produced according to industrial grades, with high reliability. CCR4001S chip products have been developed in multiple customers and in many fields, such as in the inverter arc detection, it can monitor and accurately identify the arc pulling event in real time, so as to prevent the occurrence of safety accidents such as fires; In terms of energy saving and consumption reduction of commercial air conditioners, the CCR4001S optimizes the operation mode of air conditioners through intelligent control algorithms to achieve energy saving and consumption reduction effects; In terms of improving the comfort of household air conditioners, it can intelligently adjust the temperature and wind speed according to user habits and environmental changes, providing a more personalized comfort experience. The company also cooperates with a number of sensor manufacturers to develop I sensor modules. CCR4001S shows good competitiveness and application prospects in the application of device-side I.

In November 2024, the company once again launched the high-performance I MCU chip CCR7002, which integrates StarFive's high-performance SoC chip subsystem and the company's I-chip subsystem using multi-chip packaging technology, among which the high-performance SoC chip subsystem is equipped with a 64-bit high-performance quad-core RISC-V processor, which has the characteristics of high performance, low power consumption and high security. The I chip subsystem adopts a 32-bit low-power RISC-V processor, with strong real-time performance, and integrates an NPU neural network processing unit, which can efficiently run deep learning algorithms such as MobileNet, ResNet, EfficientNet, and Yolo, so that the device can complete complex tasks such as object recognition, target detection, and image classification in real time, and provide I computing power for a wider range of applications.

The company has continuously launched I MCU products based on the independent and controllable RISC-V architecture, which shows the company's determination to resolutely embrace RISC-V+I technology, and will continue to actively develop the application of RISC-V+I technology in the fields of device-side and edge computing in the future, forming a series of device-side and edge computing I chips. The company will always adhere to the principle of combining "international mainstream compatibility and independent innovation and development", and continue to launch more advantageous technology products with advanced technology and market demand along the innovation road of "safety, autonomy and controllability".

Q: What product quality certifications have the company's automotive electronic chip products passed?

A: Recently, the company's high-end power, chassis and domain fusion MCU product CCFC3007 and CCFC3008 series have successfully obtained the ISO 26262 SIL-D functional safety product certification issued by TÜV Rheinland. ISO 26262 SIL-D certification for functional safety products is the highest level of certification in the field of automotive functional safety.

Prior to this, the company's airbag ignition drive CCL1600B series chips have passed the ISO 26262 SIL-D functional safety product certification of TÜV Nord, which is the first certified airbag ignition drive chip in China.

Previously, the company's CCFC2010/2011/2012BC series chips have passed the ISO 26262 SIL-B functional safety product certification.

The automotive chips sold by the company have passed the EC-Q100 automotive standard test and testing. In addition, the company's CCFC2012BC60L7 chips have been reviewed by the expert group of the joint audit platform of the Shanghai Automotive Chip Engineering Center and the Shanghai Society of Automotive Engineers, and won the five-star reliability certification.

The company's series of automotive-grade information security chip products have been installed and applied in batches in OEMs such as BYD, FAW, Changan, BAIC and Celis. The related CCM3310S-H, CCM3310S-T, CCM3320S and CCM4202S chips are all compliant with the EC-Q100 automotive-grade standard. Among them, CCM3310S-H and CCM3310S-T, as the core security components of intelligent connected vehicles, have been used in batches in T-BOX, ETC, OBD, digital car keys, on-board eSIM and other fields, and have passed a number of authoritative security certifications such as China Automotive Research Institute automotive security chip EL5+ certification and national secret level 2 certification.

China's new energy vehicle industry is already in the leading position in the world, and domestic automotive-grade chips have ushered in unprecedented development opportunities and space. In the era of increasingly stringent requirements for the functional safety of automotive chips in automotive intelligence, the company attaches great importance to "core" safety, and has passed ISO 26262 SIL-D functional safety system and process certification.

Q: Please tell us about the company's quantum security products and market situation?

Answer: The company actively develops quantum technology and products, focusing on the research and development and industrial application of quantum and anti-quantum security chips and modules, and has developed quantum security chips, terminal application quantum security modules, server and cloud application quantum security modules based on quantum random number generators, which have a wide range of application prospects in intelligent terminals, power systems, e-government, video surveillance and other fields.

Q is an end-side quantum security chip, which has the characteristics of low power consumption, high performance, multi-function and high security, and can provide digital signature/verification, asymmetric/symmetric encryption and decryption, data integrity verification, quantum random number generation, key generation and other functions. It can be applied to quantum-safe intelligent terminals and devices, which expands the application prospect of quantum security technology in intelligent terminals and devices.

CCUMU2Q01. CCUMU3Q02 (high-speed) is a series of quantum USBKEY products, which supports key management, identity authentication mechanism, data transmission encryption and other functions.

CCUPM2Q04 is a quantum Mini PCI-E password card, which can be used for VPN security gateway, identity authentication gateway, security switch, and firewall; CCUPH2Q03 (Level 2) and CCUPH3Q03 (Level 3) are quantum PCI-E cipher cards, which can be used in signature verification servers, database encryption machines, cloud security servers, server cipher machines and other products to further improve the security protection level of security products.

The company's quantum security chip products have been supplied to the outside world, and product sales have been carried out to many manufacturers in the field of quantum information security in China, including China Telecom Quantum, Wentian Quantum and Hefei Silicon Zhen. At the same time, the company continues to build a quantum technology ecosystem, and has established a joint laboratory for quantum chips with Anhui Wentian Quantum, a well-known enterprise in the quantum field, and Hefei Silicon Zhen, a joint-stock company, to jointly carry out the research and development and industrialization of quantum chips in the fields of Internet of Things, cloud computing, and intelligent terminals. The company has successively signed strategic cooperation agreements with many leading enterprises in the industry such as Guoxin Quantum, Turing Quantum, Zhijiang Quantum and Xin'an Century, and has carried out close cooperation on new quantum technologies and new products.

At the same time, the company deploys the direction of anti-quantum (post-quantum) cryptography technology, and actively conducts the research and development of anti-quantum (post-quantum) cryptographic algorithm IP, the research and development of anti-quantum (post-quantum) cryptography anti-side channel attack and protection technology, and the research and development of anti-quantum (post-quantum) cryptographic SoC chips. At present, the anti-quantum (post-quantum) cryptographic SoC chip developed by the company has been designed and put into production, and is in the process of tape-out.

In order to resist the potential impact of the practical application of quantum computing on the current cryptographic system in the future, the existing encryption algorithms need to be improved, and the existing cryptographic technologies and products need to be resistant to quantum migration, and the future market space is huge. The company has full confidence in the future development of the quantum cryptography security market, and will firmly grasp the golden period of quantum security technology development, and continue to launch a variety of quantum security chips and module products to meet a wide range of application needs, providing quantum and anti-quantum level security for different industries. Through efforts, the company expects to work together with partners to build a quantum security technology ecosystem, expand the advantages of quantum security technology to more fields, and make its own contribution to promoting the development of China's new quality productivity.

For more information about the company, please refer to the company's periodic reports and interim reports disclosed on the websites of China Securities Journal, Shanghai Securities News, Securities Times, Securities Daily and Shanghai Stock Exchange, as well as the company's "Investor Relations Activity Record Form" published in the "Listed Company Release" column on the SSE interactive platform.

The main business of Guoxin Technology (688262) focuses on the R&D and industrial application of domestic independent controllable embedded CPU technology.

According to the third quarter report of Guoxin Technology in 2024, the company's main revenue was 470 million yuan, an increase of 16.58% year-on-year; net profit attributable to the parent company -127 million yuan, a year-on-year decrease of 122.23%; deducted non-net profit of -149 million yuan, a year-on-year decrease of 39.89%; In the third quarter of 2024, the company's single-quarter main revenue was 208 million yuan, a year-on-year increase of 34.61%; The net profit attributable to the parent company in a single quarter was -44.7465 million yuan, a year-on-year decrease of 104.58%; The non-net profit deducted in a single quarter was -53.3793 million yuan, a year-on-year decrease of 35.74%; The debt ratio was 29.38%, the investment income was 8.1995 million yuan, the financial expenses were -1.9476 million yuan, and the gross profit margin was 18.51%.

A total of 2 institutions have rated the stock in the last 90 days, 1 have given a buy rating and 1 have an overweight rating.

Here's the detailed earnings forecast information: