Shanghai Prisemi Electronics (SH:688230)2023-12-04 09:44Business Overview - The company's downstream structure is primarily focused on the consumer electronics sector, with applications in smartphones, TWS earphones, e-cigarettes, smart wearables, and power management [1] - The company's products may extend to other fields due to the involvement of ODM customers, making it difficult to provide a specific breakdown [1] Market Outlook - The company's order and revenue situation, along with terminal inventory, have shown improvement since Q3 2023, but the overall market sentiment remains under observation [1] Growth Drivers - The company plans to maintain steady growth based on ESD and TVS products, while focusing on MOS and power IC products as key growth areas [1] - The company aims to combine power devices and power IC products to provide competitive overall solutions based on customer needs [1] - Expansion into new application areas such as industrial power, automotive electronics, and photovoltaic energy storage is a key driver for future growth [3] Product Development - The company is accelerating product technology updates and upgrades, particularly in ESD and TVS products, to enhance performance and expand product lines [3] - The company is actively developing overvoltage protection MOS products in response to increasing demand in the consumer electronics sector [3] - In 2023, the company added new clients in VR, e-cigarettes, power management, and data storage sectors [3] Inverter and IGBT Progress - The company is gradually launching inverter-related products and actively promoting MOS, SBD, and protection products [3] - Customized MOS products for photovoltaic inverter and energy storage applications have been developed, with some products already passing customer validation [3] - Certain IGBT product models are currently in the sampling and certification phase [3]