格科微:2024ImplementingPlanforEnhancingQualityandIncreasingEfficiencytoEnsureReturns

stock abbreviation：GalaxyCore
Stock code：688728
GalaxyCore Inc.
2024 Implementing Plan for
"Enhancing Quality and Increasing Efficiency
to Ensure Returns"
GalaxyCore Inc. (hereinafter referred to as "GalaxyCore" or the
"Company") is committed to practicing its corporate mission of
"Showcasing China's innovation and the integrity of Chinese
enterprises worldwide". Upholding the development principle of
"investors first", the Company is steadfast in protecting the interests
of all shareholders, fostering a good market image, and promoting
high-quality development. With confidence in the Company's
prospects, the Company has formulated the 2024 Implementing Plan
for "Enhancing Quality and Increasing Efficiency to Ensure Returns".
This plan was approved by the 3rd meeting of the 2nd session of the
Company's Board of Directors on April 25, 2024.
CONTENTS
1.0 Focusing on upgrading and revitalizing core operations to P01-08
enhance production and operational efficiency
2.0 Improving the internal governance structure and strengthening P09-10
the responsibility of “critical minority”
3.0 Enhancing the effectiveness of information disclosure and P11-12
normalizing investor communication
4.0 Reinforcing the shared responsibilities and benefits between P13-14
the management and shareholders
5.0 Enhancing investor returns and formulating share P15-17
price stabilization plans
6.0 Other matters P18
GALAXYCORE
GALAXYCORE INC. 01
Focusing on upgrading and
revitalizing core operations
to enhance production and
operational efficiency
After 20 years of development, GalaxyCore has become a renowned
leading semiconductor enterprise at home and abroad.
The core business of the Company includes the research and
development, design, packaging and testing, and sales of CMOS
image sensors and display driver ICs. The products of the Company
are primarily used in the mobile phone sector, and widely applied in
areas such as tablets, laptops, wearable devices, mobile payments,
automotive electronics, and other consumer electronics and
industrial applications.
1.
Delving deeper into demands, focusing on core business, and
consistently promoting the upgrading and iteration of products
Currently, the Company primarily operates three product lines: CMOS image sensors for mobile phones,
CMOS image sensors for non-mobile phone applications, and display driver ICs. As for CMOS image sensors,
the Company offers CMOS image sensors ranging from QVGA (80,000 pixels) to 50 megapixels, and
the major breakthroughs achieved in 2023 are as follows:
◎ The Company successfully achieved mass production and product delivery of 32-megapixel image sensor
products, reflecting customers' recognition on the products developed based on its independently
high-pixel single-chip integration technology.
◎ The Company successfully developed 50-megapixel products, transitioning its product positioning from the
traditional 2 to 8-megapixel range to 50-megapixel and beyond. This provides a robust assurance for its
venturing into the high-pixel image sensor market.
◎ As for non-mobile phone image sensors, the Company successfully launched GC8613, a 4K image sensor
featuring wide dynamic range and low power consumption, which further upgrades its product
specifications. In the field of automotive electronics, the Company's products are mainly used for areas
such as dash cameras, backup cameras, 360-degree surround view systems, and rear-view applications.
In 2023, the Company achieved a revenue of RMB200 million in the aftermarket for automotive electronics.
As for display driver ICs, the Company mainly provides LCD displays with resolutions between QQVGA and FHD+
and TDDI displays with HD and FHD resolutions, and its products are mainly used in small and medium-sized
displays for mobile phones, wearables, industrial control systems, and household products. Its TDDI products
in HD and FHD resolutions have secured orders from internationally renowned mobile phone brands.
In 2024, the Company will keep upholding the customer-centric principle, gaining a deep understanding of
customer needs, continuously op