On October 15th, at the semi-annual performance review meeting, XinJieNeng highlighted that the power semiconductor industry is undergoing a significant transformation, propelled by the combined forces of "AI computing power and new energy." This transformation is paving the way for a prosperous cycle characterized by increased production volumes and higher prices. The industry's inventory structure is continuously being refined, marking the dawn of a new era of high-quality growth.

Emerging sectors, such as AI computing power infrastructure and new energy vehicles, are witnessing robust demand. Leveraging the cost-effectiveness, swift response times, and localized service offerings of domestic power semiconductors, customers are increasingly opting for local solutions. This trend is expediting the process of import substitution. Meanwhile, the company has enhanced its profitability without compromising on delivery timelines, thanks to its strategic expansion of foundry resources and the augmentation of capacity at its in-house packaging facilities.