NARI-TECH(SH:600406) Ge Long Hui·2025-10-22 07:47Core Viewpoint - The company is steadily advancing its IGBT business, with successful development of high-voltage IGBT products and significant market applications, indicating a strong growth outlook in the power semiconductor industry [1] Group 1: IGBT Business Development - The company has successfully developed 3300V and 4500V series IGBT products for high-voltage applications, which have been implemented in domestic flexible direct current projects [1] - For medium and low-voltage IGBT devices, the company has self-developed 1200V and 1700V series IGBT products, which have completed new product testing with multiple clients and achieved mass application with over 80 clients [1] Group 2: Market Outlook and Company Strategy - The company focuses on serving the construction of new power systems, with a broad market outlook as investments in the energy and power sector continue to increase [1] - Short-term valuation fluctuations are influenced by market sentiment, capital flows, and industry cycles, but the company's core competitiveness and growth logic remain unchanged [1] - The company emphasizes that operational efficiency and profitability are the foundation of its value, committing to solid operational performance and stable investment returns to reward investor trust and support [1]