Jingfeng Mingyuan: Completed internal evaluation of DC/DC product chip samples and sent samples to customers

On August 31, Jingfeng Mingyuan said in an interaction with investors that the company's current priority development of DC/DC power chips is high-current step-down DC/DC chips, and the product types mainly include switching power supply controllers, load point power supplies, etc. As of now, the DC/DC product chip samples have completed internal evaluation and are ready to enter the customer sample delivery stage. In the later stage, the company will increase its R&D efforts and gradually launch a series of products.

Regarding the progress of AC/DC products, Jingfeng Mingyuan stated that in the first half of 2021, the company actively promoted the market for AC/DC products and received good customer feedback. Specifically, AC/DC power chips for large household appliances, mainly air conditioners, refrigerators, and washing machines, have completed customer verification, and many customers have entered the batch sales stage; AC/DC power chips suitable for small household appliances have begun to enter the sample delivery stage; single-live-wire smart panel AC/DC products have begun to be shipped in batches.

Regarding the proportion of R&D personnel, Jingfeng Mingyuan revealed that the company's R&D personnel include some on-site technical engineers who provide technical support to customers. From the perspective of chip design alone, the distribution of R&D personnel in the company's LED lighting product line, AC/DC product line and DC/DC product line is roughly one-third each.

Regarding the impact of the acquisition of Nanjing Lingou on the company, Jingfeng Mingyuan said that Lingou focuses on the field of motor control MCU and has synergistic effects with the company's products on the client side. This acquisition will help the company expand its product line, improve its strategic layout, and enhance its profitability and risk resistance.

Regarding the problem of tight production capacity in the industry, Jingfeng Mingyuan said that in the case of tight supply in the upstream of the industry, in addition to maintaining the original production capacity, the company's new wafer suppliers have also begun to contribute new production capacity. In order to better lock in long-term production capacity, the company adopts the method of prepaying some suppliers for settlement. At the same time, the company adjusts the product structure by setting product models and customer priorities, adjusting customer settlement methods, and strictly prohibiting dealers from speculating on goods to ensure product delivery.