So far this year, industrial EthernetProfinet EncodersThe market is particularly favored, is the absolute value encoder category with a large demand listing in the current year. As you can see, many steel mills oilfield automotive industry are in use, and localized products are constantly updated.
When it comes to the domestic replacement of Profinet absolute encoders, it's important to talk about imported EthernetProfinet EncodersThe domestic market demand for a long time to import to Profinet encoder-based. For a long time, the domestic market demand is mainly imported to Profinet encoder-based, after all, those years our domestic technology has not broken through. Various types of major equipment are basically imported Profinet encoder.
With the continuous progress of domestic technology, in some areas of the encoder we have caught up with the international level. This is for many years, the whole industry to the product technology continues to pursue the continuous upgrading of the results. Our high-precision Profinet encoder has begun to work in important industries and positions, especially the demand for military products, no longer have to worry about the checks and balances of foreign products.
It is gratifying to see that some of the big foreign encoder brands have changed from being sold to China to being made in China. Just like at present, we also undertake a part of the brand OEM service, in the past it is impossible to realize. Now, we also raised eyebrows. China's production costs are still relatively low, foreign brands see us breakthrough technology, immediately from the limitations of us into commissioned OEM.
For the localization of this road, the beginning is not good. High-precision encoder from R & D to the real domestic is also a long fumble, proud that we did it successfully. The road to localization is full of pain and sweat, the moment of success, there is no real joy, only clenched teeth and gently spit out a breath.
At present, our Civitas encoders have been fully localized, and we have achieved local production of every component, which is an achievement worth celebrating alone behind closed doors.
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