On June 20th, Geelong reported that in recent roadshows, Naixunwei (688052.SH) stated that the company's downstream application fields include pan-energy, auto electronics, and consumer electronics. In 2023, the revenue share of the pan-energy market is about 60%, the revenue share of auto electronics is about 30%, and the revenue share of consumer electronics is about 10%. From the current situation, the destocking of most downstream industries is nearing the end, and they are beginning to gradually recover and grow. Downstream areas such as industrial control and power module in the pan-energy sector have begun to recover gradually, while some customers in the photo storage field have seen signs of recovery in the second quarter. Consumer electronics is the sector that emerged earliest from the impact of inventory, while the auto electronics sector remains steady and has a growing trend.