Compared with Tianyue Advanced's silicon carbide products, what are the market advantages of your company's products?

Sanan Optoelectronics: After years of development and accumulation, the company has advantages in R&D technology, talent reserves, economies of scale and layout of the entire industrial chain, as well as brand/marketing and customer accumulation. Hunan Sanan, a wholly-owned subsidiary of the company, is one of the few vertically integrated manufacturing platforms in the domestic silicon carbide industry chain. Its business includes crystal growth-substrate production-epitaxial growth-chip preparation-packaging, with a total planned investment of 16 billion yuan. After the project reaches full production, the supporting production capacity will be approximately 360,000 pieces/year. At present, Hunan Sanan's silicon carbide production capacity is gradually being released. It is expected that from the end of 2023 to the beginning of 2024, the 6-inch silicon carbide production capacity will be expanded to 18,000-20,000 pieces/month. The product performance is industry-leading and has won the trust of well-known domestic and foreign customers. It has been widely used in photovoltaics, energy storage, new energy vehicles and other fields with high reliability requirements. In addition, Hunan Sanan and Ideal jointly established Suzhou Sko Semiconductor, which plans to produce 2.4 million silicon carbide half-bridge power modules annually; Hunan Sanan and STMicroelectronics set up a joint venture foundry company in Chongqing to produce silicon carbide epitaxy and chips exclusively sold to STMicroelectronics. The planned production capacity of the joint venture is 10,000 pieces per week after reaching full production; Hunan Sanan established a wholly-owned subsidiary to produce 8-inch silicon carbide substrates for the joint venture, with a production capacity of 480,000 pieces per year after reaching full production. The above projects are being promoted in an orderly manner.