None of your business is decent. Silicon carbide is facing internal competition when it just started. The so-called no worries about sales are not necessarily true. RF filters are also others' spare tires. MinLED is not the main application product and can be used or not. Lighting LED is even more internal competition, and the industry is always oversupplied. Where is your confidence? Just blind self-confidence.

Sanan Optoelectronics: In terms of silicon carbide business, Hunan Sanan is one of the few vertically integrated manufacturing platforms in the silicon carbide industry chain in China. Its products have been widely used in photovoltaics, energy storage, new energy vehicles, charging piles and other fields. There are more than 800 cooperation intentions and customers, including Sungrow Power Supply, Growatt, GoodWe, etc. According to Yole's forecast, the global silicon carbide power device market size is expected to reach US$8.9 billion in 2028, with a compound annual growth rate of 31% from 2022 to 2028. In terms of RF front-end business, the company has established a professional RF foundry platform and product packaging platform with stable mass production. According to different products, it provides differentiated solutions such as RF power amplifier/low noise amplifier, filter, SIP packaging, etc. The products are mainly used in mobile phones, WiFi, Internet of Things, routers, communication base stations and other markets. At present, the company's gallium arsenide RF foundry capacity is 15,000 pieces/month, the filter capacity is 150KK/month, and the utilization rate continues to rise. In the future, we will continue to expand the shipment volume of head customers, increase product market share, and increase revenue scale. In terms of LED business, the traditional LED chip market is highly competitive, but LED lamps are about to usher in a peak in the second replacement demand, which is expected to provide strong development momentum for the LED lighting market in the next few years. MiniLED and other sub-sectors are expected to continue to accumulate strength in technological innovation, market channels, cost-effectiveness, etc., and demand will be gradually released with the economic recovery, bringing new growth to the LED market. In the backlight field, MiniLED backlight solutions are currently rapidly penetrating the TV, laptop, tablet, monitor, car display and other markets, among which TV is the main incremental market; in the direct display field, MiniLED direct display application scenarios are constantly expanding, including XR virtual studio dedicated screens, cinema screens and LED all-in-one machines, and the penetration rate is rising accordingly. As the largest compound semiconductor manufacturer in China in terms of production and sales scale, the company will continue to improve the production process and technical equipment level in the future to ensure the advanced technical level of the products it produces and operates, steadily increase domestic and foreign market share, continuously optimize the customer structure, and consolidate the dominant position of the leading compound semiconductor company...