Group 1: Market Overview - The IGBT market in China is projected to reach 45.8 billion yuan by 2025, with international giants like Infineon and ON Semiconductor holding over 50% of the global market share, particularly in high-end applications such as new energy vehicles and photovoltaic storage [1][2] - The demand for IGBT in the new energy sector is experiencing explosive growth, driven by the rapid development of the electric vehicle market and the global energy transition [2] Group 2: Company Profile - Jiangsu Changjing Technology Co., Ltd. (Changjing Technology), established only 7 years ago, has launched the FST3.0 IGBT product line, aiming to match the performance parameters of leading international brands [1][6] - Changjing Technology has developed a complete industry chain from chip design to packaging and testing, showcasing a high level of independent innovation capability [7][12] Group 3: Product Development - The latest FST3.0 IGBT series features micro-groove gate technology and field termination technology, significantly improving carrier density and reducing conduction and switching losses, thus achieving performance levels comparable to international brands [7] - The FST3.0 series products have shown over a 10% reduction in losses compared to previous generations, enhancing energy conversion efficiency, particularly in applications like electric vehicles and photovoltaic storage [7][8] Group 4: Competitive Landscape - Despite the increasing acceptance of domestic brands, international brands still maintain a technological and market lead in high-power density and high-performance power devices [9][11] - Changjing Technology is actively preparing for the development of the FST4.0 IGBT product line, collaborating with strategic users to conduct preliminary research on chips and packaging [8] Group 5: Future Outlook - The company aims to enhance its global influence and competitiveness in the high-end semiconductor device sector, striving to create a world-class semiconductor brand [15] - By 2025, Changjing Technology is expected to transition to mass production of higher capacity IGBT products, changing customer usage habits and expanding its market presence [11]