Core Viewpoint - The company, Silan Microelectronics (600460), is recognized as one of the major integrated semiconductor design and manufacturing (IDM) enterprises in China, with a comprehensive product range covering various applications including automotive, new energy, industrial, large home appliances, communications, security, mobile phones, and power electronics [1] Group 1 - The company has established strong relationships with leading customers in its application fields [1] - The current environment is characterized by ongoing national policy support and rapid development in downstream sectors such as electric vehicles, new energy, computing power, and communications [1] - The process of domestic chip substitution is accelerating significantly, positioning the company for a new phase of rapid growth [1]