\u3000\u3 China Vanke Co.Ltd(000002) 594 Byd Company Limited(002594) )
Byd Company Limited(002594) plans to repurchase shares for the ESOP, demonstrating the company's long-term confidence. The company announced that it plans to repurchase A-Shares of the company with its own funds of 1.8-1.85 billion yuan, with the repurchase price of no more than 300 yuan / share, and the corresponding number of repurchased shares is no less than 6-6.17 million shares, accounting for 0.206% - 0.212% of the current total share capital of the company; All the shares repurchased this time will be used for the employee stock ownership plan. The company also issued the draft employee stock ownership plan for 2022. The announced participants include the company's employee representative supervisors, senior managers, middle-level managers and core backbone employees of Byd Company Limited(002594) group. The total number of participants does not exceed 12000, the transfer price is 0 yuan / share, and the participants do not need to contribute. The underlying shares held by the plan are unlocked in three phases of 12 / 24 / 36 months, with the unlocking proportion of 30% / 30% / 40%. The specific unlocking proportion and quantity of each phase are determined according to the results of the company's revenue growth assessment and individual performance assessment. We believe that this repurchase will not only help the company establish and improve the benefit sharing mechanism, closely combine the personal interests of employees with the interests of the company and shareholders, but also highlight the company's continuous confidence in its long-term value and its determination to maximize the interests of shareholders.
Reach fixed-point cooperation with horizon to further promote the localization of vehicle specification level chips. Horizon official wechat announced that Byd Company Limited(002594) and horizon officially reached a fixed-point cooperation on April 21. The company will adopt horizon autopilot chip journey 5 on some of its models, which will have stronger autopilot performance and computing power, so as to create a more competitive integrated scheme of walking and parking Byd Company Limited(002594) will become the first car company equipped with horizon journey 5 chip. Horizon expects that the first Byd Company Limited(002594) model equipped with this chip will be available as early as mid-2023. As the world's leading new energy vehicle enterprise, Byd Company Limited(002594) completed the strategic investment in the automotive intelligent enterprise horizon in March 2021, and reached a strategic cooperation between the two sides to jointly promote the R & D and implementation of intelligent driving technology. According to the introduction of horizon's official website, horizon is the first technology enterprise in China to launch vehicle specification level AI chips and realize mass production. Its third generation vehicle specification level chips have a journey of 5, and the computing power of a single AI is up to 128tops. It supports 16 channel camera sensing and Computing, and supports the needs of multi-sensor integration, prediction and planning control required for automatic driving. According to the statistics of OFweek electronic engineering network, journey 5 chip has won the cooperation intention of SAIC, great wall, JAC, ideal, Chang'an, Byd Company Limited(002594) , Nezha, lantu and other auto enterprises. We believe that this in-depth cooperation is expected to further promote the localization process of vehicle specification chips, Byd Company Limited(002594) autonomous driving ability is expected to usher in a breakthrough, and the era of mass production of domestic top 100 chips will also come.
Byd Company Limited(002594) semiconductor has launched a new 8-bit MCU of vehicle specification level to continuously enrich the MCU product matrix. In March 2022, Byd Company Limited(002594) semiconductor announced the launch of a new 8-bit mcubs9000amxx series of vehicle specifications, and fully opened the client application development project. According to Byd Company Limited(002594) official website, bs9000amxx series adopts 1ts8051 core, single instruction clock cycle, and the main frequency is up to 24MHz. It can be applied to various scenes of automotive electronics, such as interior lights, atmosphere lights, door handles, air conditioning touch panels, various sensor applications, BLDC electric control, etc. The advantages of bs9000amxx series over competitive products in the industry lie in faster computing speed, richer product resources, significantly reducing the cost and complexity of automotive software, and creating chip solutions with higher intelligence and security. We believe that the launch of the new series of MCU will consolidate the company's leading position in China and help the company move forward to a higher goal in the vehicle regulation MCU market.
Risk tip: there are risks in the implementation of the repurchase plan. The company's performance is lower than expected, and the progress of technology research and development is lower than expected.
