A Letter to Investors
Respected Investors:
Hello! Thank you for joining us amidst your busy schedule to witness the growth and development of Taipintech together. Looking back, we have weathered the storms of the capital market side by side, and we are deeply grateful for your trust, support, and companionship along the way. Taipintech has marched forward alongside you, forging ahead in the technological tide and delivering a resilient growth report in a complex and ever-changing market environment. At this moment, we would like to share with you Taipintech's reflections on the past, our current considerations, and future aspirations.
Taizhou Jing Technology has been deeply engaged in the crystal oscillator field for two decades. Leveraging globally leading MEMS lithography processes, the company has successfully established an end-to-end independent production system, spanning from raw crystal blocks to finished products, with industry-leading yield rates and production efficiency. Its product portfolio covers the full spectrum of high and low frequencies, passive and active components, maintaining a top-tier global position in both scale and technical capabilities. The company serves high-growth sectors such as IoT, information terminals, automotive electronics, optical communication, and BeiDou navigation, providing reliable clock solutions to numerous renowned manufacturers worldwide.
In the past year of 2024, TZ Tech achieved remarkable results in its high-end strategy. The company intensified efforts to optimize and upgrade its high-end product structure, focusing on expanding production of automotive-grade oscillators, high-precision active product series, ultra-high-frequency, and ultra-small-size high-end categories. Sales of the company's active product series continued to grow year-on-year, with successful development of high-precision TCXO series products. Additionally, the company further enhanced the capabilities of its active product R&D laboratory. TZ Tech has also consistently advanced semiconductor lithography technology, actively optimizing kHz small-size characteristics, and achieving stable mass production of ultra-high-frequency and ultra-small-size high-end products. The company's high-frequency lithography wafers have achieved industrialization, growing into an internationally leading oscillator supplier with 300MHz high-frequency processing capabilities. The company completed the construction of an independent automotive-grade production line and the preparation of a CNAS-certified laboratory, further increasing production capacity for automotive-grade series, clock oscillators, RTC, and other product lines. High-end products have improved in quality and quantity, with competitive advantages gradually emerging.
With the advent of the AI普惠化 era, we are actively embracing the vast potential of the AI computing power era. AI applications are expanding from cloud-based scenarios to edge-side scenarios, with hardware ecosystems such as AI smartphones, AI PCs, and AI glasses undergoing rapid transformation. The rapid development in emerging fields has spurred a surge in demand for ultra-high-frequency, miniaturized crystal oscillators. Taijing Technology's ultra-high-frequency crystal oscillators support edge-side applications, holding a strong international competitive position and advantage in supply capacity. The company collaborates with leading global chip manufacturers in the development of computing power chips, engages in deep interactions and partnerships with top-tier solution providers worldwide, and has multiple products certified by major platforms.
The company consistently adheres to a prudent dividend policy, committed to delivering long-term and stable investment returns to its investors. In the domestic crystal oscillator industry, Taijing Technology is the only listed enterprise that has maintained annual cash dividends since its IPO. The company has distributed cash dividends for eight consecutive years, cumulatively rewarding shareholders with over 300 million yuan, achieving an average dividend payout ratio of 40.22%. Taijing shares the growth dividends with its investors. In 2025, we will continue to uphold steady performance growth and transparent information disclosure, repaying every shareholder's trust and support!
The development of Taijing Technology cannot be separated from the wisdom and companionship of every investor. We will continue to strengthen our industrialization capabilities in emerging markets, high value-added markets, and cutting-edge markets, further consolidate and expand our market share, and contribute the power of crystal oscillators to the country's independent and controllable strategy. Facing the future, we are full of confidence. With the joint efforts of technological innovation, market expansion, and capital empowerment, the company will surely move towards a higher level. We look forward to working with you to build long-term value together!
