CRM(SH:688396)2022-11-17 14:14Group 1: Company Performance and Market Conditions - The overall business situation remained stable during the Shanghai lockdown in April and May, with no significant changes in demand observed after the lifting of restrictions on June 1 [4]. - Inventory levels have remained stable compared to Q1 [4]. - The capacity orders from wafer foundry customers are still full, with a downturn in the consumer market but positive outlooks for industrial control, automotive electronics, and new energy sectors [4]. Group 2: Material Costs and Pricing - Prices for upstream raw materials such as silicon wafers and copper wires have increased, but the supply of silicon wafers remains stable [4]. - The company has raised prices for certain specific processes in its foundry business [4]. Group 3: Product Development and Market Strategy - The IGBT segment has shown significant growth, with expected revenue for the year aligning with initial targets, and plans to expand 8-inch IGBT capacity [4][5]. - The company is transitioning from consumer markets to industrial control, photovoltaic, and automotive applications to meet changing market demands [4]. - The 12-inch production line is on track to commence operations by the end of the year [5]. Group 4: Competitive Position and Future Outlook - The company's power device products leverage the IDM model, providing strong competitiveness and brand recognition, which are crucial for attracting top-tier clients [4]. - The company aims to transform into an integrated product company, increasing the proportion of product and solution business while maintaining some foundry operations [5]. - The company has seen rapid sales growth in SiC (Silicon Carbide) products, achieving sales figures for the first five months that match last year's total [5][6]. Group 5: Sensor and MCU Developments - The company’s sensors primarily include MEMS sensors, photoelectric sensors, and smoke alarm sensors, with applications in electric vehicles and industrial power supplies [6]. - There is strong demand for mid-to-high-end MCU products, which are a focus area for the company [6].