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Driven by the expansion of AI smart card production, increased shipments, and a notable uptick in storage material procurement prices, revenue from cloud and storage products witnessed a substantial 48.79% year-on-year (YoY) growth. Meanwhile, the industrial products segment experienced a 10.96% YoY revenue increase, primarily fueled by a surge in new orders. Conversely, automotive electronics products faced a 35.31% YoY revenue decline, influenced by alterations in the consolidated financial statement scope, diminished customer outsourcing needs, and a sluggish overall demand environment. Lastly, communication products saw a 13.78% YoY revenue drop, attributed to product price reductions stemming from decreased procurement costs for crucial WiFi module materials and heightened market competition.
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