Lishun Precision: Consumer electronics is expected to have at least 10 years of growth.

Recently, Lichun Precision in accepting institutional research said that from the perspective of market prospects and growth, the consumer electronics market is still huge, and it is expected that there is at least 10 years of growth room. The company is confident that it will maintain rapid growth in the consumer electronics sector in the next 3-5 years and maintain steady growth in the next 10 years. In the automotive sector, Lichun Precision believes that large-scale production provides significant opportunities for Chinese companies at the Tier 1 supplier level. While the automotive market may not be as large as consumer electronics in terms of absolute market size, it is growing faster and the profitability of the automotive industry is slightly higher than that of consumer electronics. In the communications industry, Ritsu Precision is expected to achieve rapid growth early next year and maintain steady growth after 3-5 years. In the next 10 years, consumer electronics and automobiles will contribute equally to the company, and the growth of the communications industry will also increase significantly, but perhaps not on the scale of consumer electronics. In summary, the company's three major sectors are expected to achieve rapid growth in the next few years and maintain a steady development trend in the long run. Regarding the impact of geopolitics, Lichun Precision said that in recent years, through going into the front line of overseas markets, it has gradually figured out the limits of geopolitics on business development, and it can be seen that about 3%-5% of the company's original products will indeed be limited by geopolitics, and can only be developed in domestic or friendly countries with China. Similar to ODM communication equipment products, server machines, etc., the company has also shrunk the resources invested in this part. The remaining 95% of the market can be divided into two parts, half of the business is completely unaffected, this part of the product is more advantageous for Chinese enterprises, or competitors have not involved; The other half of the business, although in the process of development need to do better than non-Chinese enterprises, but as long as the team has been in the lead, we can fight for opportunities. So for now, there's a certain amount of pressure.