MINDEO(SZ:300656)2023-03-01 11:22Group 1: Company Overview and Operations - The company, Mindray Electronics, is one of the few domestic enterprises with a self-controlled supply chain for silicon-based and silicon carbide power semiconductors [2] - The company has completed the layout of core processes including epitaxial wafer manufacturing, wafer fabrication, ultra-thin wafer back grinding, and chip design [2] - The Guangxin Microelectronics project has a planned capacity of 100,000 wafers per month for 6-inch silicon wafers, with production expected to commence in the first half of this year [2] Group 2: Product Development and Production Progress - The ultra-thin wafer back grinding project is expected to achieve mass production by Q3 of this year [3] - The Jingrui Electronics project is continuously expanding production capacity for 4/5/6/8-inch silicon epitaxial wafers, with mass production expected this year [3] - The company has a strong technical reserve and team for silicon carbide power devices, with ongoing construction of production lines expected to yield products this year [3] Group 3: Market Trends and Future Outlook - The power semiconductor market is experiencing differentiation, with demand for consumer products declining while industrial and energy sectors, such as new energy vehicles and photovoltaic applications, maintain high demand [4] - The company aims to replace imports and focus on the industrial and energy markets, anticipating rapid growth in demand for mid-to-high-end power devices [4] - The domestic power semiconductor market is seen as having significant growth opportunities due to increasing domestic supply chain capabilities and technology levels [4]