Core Insights - The company has achieved mass production of power management chips for AI servers and AI acceleration cards, marking a significant milestone as the first domestic 55nm BCD integrated DrMOS chip has passed customer validation and is entering large-scale production [1] - The company has launched a second-generation high-efficiency power management chip manufacturing platform for data centers, which has already attracted key customer adoption [1] - The company is transitioning from a "single device supplier" to a "foundational infrastructure for the intelligent era" as it deepens its system foundry model involving silicon carbide, analog ICs, and MCUs [2] Business Development - The revenue contribution from AI-related businesses has reached 6% within six months after establishing AI as a new business focus [2] - The AI server power system covers a three-tier power supply structure from PSU to POL, capable of replacing over 50% of the total cost of AI server power [2] - The company anticipates that by 2026, the revenue share from AI-related businesses will exceed double digits, becoming the fourth growth curve after new energy vehicles (47%), industrial control (19%), and consumer electronics (28%) [2] Strategic Goals - The company aims to achieve comprehensive profitability by 2026, driven by three main factors: continuous cost reduction through technology, optimization of production capacity structure, and deepening domestic substitution [3] - In the silicon carbide sector, the company is reducing costs by 30% through 8-inch production compared to 6-inch, and increasing single wafer output by 40% with planar to trench technology, pushing costs closer to 1.5-2 times that of IGBTs [3] - The company plans to expand its 12-inch analog IC production capacity to 40,000 wafers per month based on downstream demand, with a focus on high-margin products to enhance profitability [3]