NSIG(SH:688126)2024-05-06 10:28Group 1: Company Overview and Financial Performance - The semiconductor industry and the company's Q1 2024 operational situation were discussed [1] - The main reasons for the decline in gross profit include adjustments in product sales prices and ongoing market demand recovery [2] - Over 50% of revenue in Q1 came from 12-inch products, which are expected to continue growing, while 8-inch products are still in recovery [2] Group 2: Market Demand and Inventory - Overall inventory digestion will take time, but some specifications are starting to see urgent orders or restocking needs, with 300mm performing better than 200mm [2] - The capital expenditure for the year will continue to support ongoing projects, with depreciation pressure expected, but the company's overall asset-liability ratio and cash flow remain healthy [2] Group 3: Technology and Customer Relations - The company's focus on technology leadership is emphasized, with controlled R&D costs compared to international peers [3] - Active efforts to strengthen supply to storage customers have led to continuous sales increases, with price adjustments aligned with volume changes [3] - The production ratio of 300mm shipments and polishing is consistent with international standards, with storage products exceeding logic products [3]