Naxinwei introduces the prosperity of the company's downstream application fields

Naxinwei stated that the company's downstream application areas include pan-energy, automotive electronics, consumer electronics, etc. In 2023, the pan-energy market revenue will account for about 60%, automotive electronics revenue will account for about 30%, and consumer electronics revenue will account for about 10%. At present, inventory liquidation in most downstream industries is nearing its end, and they are gradually beginning to shift towards recovery and growth. Among them, downstream fields such as industrial control and power modules in pan-energy have begun to gradually recover, and some customers in the optical storage field have also seen signs of recovery in the second quarter. Consumer electronics is the first field to be affected by inventory liquidation, while the automotive electronics field still maintains a steady growth trend.