Analysis of the prosperity of downstream application fields of Naxin Micro

The downstream application areas of Naxin Micro include pan-energy, automotive electronics, consumer electronics, etc., among which the pan-energy market revenue accounted for about 60% in 2023, automotive electronics accounted for about 30%, and consumer electronics accounted for about 10%. At present, the inventory liquidation of most downstream industries is nearing the end, and they are gradually turning to restore growth. Downstream fields such as industrial control and power modules within pan-energy have begun to gradually recover, and some customers in the optical storage field also saw signs of recovery in the second quarter. Consumer electronics was the first field to be affected by inventory destocking, while the automotive electronics field still maintained a steady growth trend. This year, the company will achieve mass production of new products including magnetic sensors, power supply LDO, motor drive, high/low side switches, gate drive, embedded motor drive SoC, etc.